Hi all,
Congrats and best of luck to all those appearing for civil service interview.We have given N.Prakash Reddy IPS interview(2010 April) just in case anyone is interested.
Interview Board - Vijay singh (ex defence secy) Time 2:35 to 3:02pm(1st person in afternoon)
My profile: job at sun microsystems,engineering in instrumentation, Optionals-geog and psy,andhrapradesh,hobbies:watching telugu movies, Did a project on rural entrepeneurship
Chairman(C) started then M1(pub.ad),M2(lady-psychologist),M3(engineer),M4(psychologist)
C: had too much of sun?thats why left it? P: I did it for money not to burden my father during civils prep
C:What was job: P: portal server,which was used in norways e-governance initiative;developed website and a mail client
C:why c.s? P: gave a personalized answer***********I have been thinking about c.s since my BITS second year. For every problem I see in news paper I used to think what difference I can make as an IAS/IPS. I got this service orientation from my father,who was doctor in a village. He worked selflessly for their welfare and villagers also loved him immensely.I felt my intellect must be used for progress of the country rather than going abroad….
C: what are problems of rural a.p? P: absenteeism of techers,doctors,needs uplift of shgs…..etc
Passed to M1 M1: have u read xyz book on entrepreneurship?it says "ppl must stay hungry and foolish"? P: no sir
M1: what is e'ship? P: to identify a a economic oppurtinuty and gather resources to meet the need.so that poor people can climb up the economic and social ladder.eg. I did a project in bits where we gave a market to rural women to supply paper bags in our supermarket….etc
M1: I thot it means to take more risk and go in less traveled way… P: yes sir, I am sorry I was explaining abt rural e'ship.
M1:administrator must be leader or manager? P:a combination of both
M1: no choose one P: leader…..gave reasons
M1: okay but I appreciate ur previous answer,he must be both M1: how to increase accountability? P: sir , in jhansi district, a public grievance redressal system with mobiles is implemented which can be replicated. The problem is we have many good best practices in different parts of country which are not highlighted,a website which highlights best practices of administrators and ngos must be there(M1 looked at chairman)
M1: police reforms: P: sir due to lockupdeaths ,police got very bad name.they must adopt community relations like in our district sp has conducted blood/eye camps/schools etc….
M1: (looking at chairman)this has become a fashion,but it is not police duty… P: yes sir,but home minister also says law and order must follow development.that is why naxals have more informers than police…..
M1: okay,sexual harassment and recent court judgement P: women are competing with men…resulting in ego issues…conflicting with our culture….transition period from less women in workplaces to more women …more violence….have gender cells in offices…my college has one.(women member M2 keenly interested)
Passed to M2 M2(very cordial lady): why u chose psychology? P: seniors…..physics was tough ,no e and I in list…etc
M2: enjoyed psy? P:yes
M2: Oedipus complex,effect on family P: defined
M2:cog.affective,pshycomotor *******(could not understand) P: madam please repeat M2: repeated P: sorry I don't kniow
M2: just try…what is cognition? P: defined M2: what is affective? P: defined M2:What is psychomotor? P:defined M2…that is what is cog.affective,pshycomotor ******* M2: id,ego,superego P:defined M2: analogy iwht maslow? P: told about need hierarchy
M2:latest after maslow motivation theory? P: don't know
M<2: hv u heard hergberg's improvisation? P: no madam
M2: hypnosuis…is it medically used… P: defined….medically not proven but used in smoking and drinking problems…
M2: can hypnosis act as anaesthesia? P: yes,recently a news came on that….
M2: how to distinguish psy.disorders and Normal deisorders? P: cannot say fully but psy. Involves mental processes. While normal like pain may increase with psy. Disorders…for ex,old people complain more about pain due to their isolation and idleness(I forgot I told this,later I was crossquestioned by M4 which I could not correlate)
M2: ur hobby is movies….tell a telugu movie which was dubbed in other languages and got many awards…. P: Pokiri…a cop story,remade in hindi and tamil as wanted and got best actor,movie,director awards in state awards…..
Passed to M3 M3: lot of engineers need…but many go abroad and like u come to c.s….why this tend? P: abroad---as no proper research in our country,c.s—good for the country,they bring tech to admin.
M3:"engineer has ability to do job,adminstartor to get the job the done"what would be the combination…engineer as admin? P: He will get the job better done(I told in a light hearted way smilingly)
M3 got very angry,nodded negatively,disapproved as if I did not understand the question,mumbled something…
M<3: tell about medical instruments P: sir ultrasound,MRI
M3: is it MRI or NMRI? P: I am aware only of mri
M3: what is used in ultrasound? P: soundwaves…. Ecg? P: sir echo is used in echocardiogram M3: but I asked ecg,eeg etc?they use electrical waves right? P: yes sir
M3: what was ur physics theseis? P: sorry sir no thesis
M3: engg project P: 1 project on biometrics(shud have talked about uid project)
M3: problems of rural India? P: healthe ,education, water…
M3: tell health inititaves P: Rajiv arogyashri in ap….
M3(interrupted):central schemes…..nrhm P: told about nrhm….2005-2012…imr…mmr…ashas….
Passed to M4 M4: (interrupted)tell about karimnagar P: history…satavahanas,kakatiyas,nizams…etc,temples,p.v narasimha rao and kcr…. Are from karimnagar…
M4: crops? P: maize,paddy,groundnut….rivers manair and godavari give waters…
M4: okay kcr…why andhras opposing telangana?give 1 reason P: Hyderabad—lots of investment
M4: no no I was expecting river sharing P: yes sir, it is also a reason…godavari,Krishna flow majorly through telangana.so if separate state difficult for Andhra people….also other issues are jobs and education
M4: where is nagarjuna sagar? P: in nalgonda district
M4: who benefits? P: Andhra people
M4: theory x,y,z? P: I think they are used in admin…I don't know.
M4: types of conditioning? P:cc/ic/modeling
M4: she(M2) was asking about something….have u heard autosuggestion? P: it is like suggesting urself…like before I came to this room I suggested to myself I would do well….(this and next question relate to my reply to M2 about old women feeling more pain)
M4: who are hypochondriacs? P: (in low voice) may I guess sir? Chairman(interrupted): he is asking about hypochondriacs? P: I don't know sir
C: do u read books.what type…. P: yes sir, I read bestsellers….last one was gandhi's autobiography…
C: Oh, how was it? P: I am reading for 2nd time sir….first time I did not understand it 4-5 years earlier….now that I am preparing and learing psychology and practicing vipassana I better appreciate it apply it.
C: Okay any other book? P: The white tiger
C: it is extremely readable is it not? P: yes sir, it contrasts the rich and happenening IT sector with its underbelly.
C: I was referring to driver killing owner? P: if u put up an analogy,20 percent of bpl left out would attack the upper classes like in naxalism ….
C: valid analogy….but why civil serants are apathetic to public needs? P: sir, in psychology we have studied that Indians have aaram work culture.they do work as service to others….amoral familism…to benefit friends and family
C: yes, we have familism,casteism,communalism,as soon as they occupy the chair they forget their duty is to serve people… P: true sir, a person might have been a very good father or a good husband, as soon as comes to this chair he utlises it to satisfy his ego and forgets his responsislty is to serve the public….
C: Hope if you might be selected, you would be senstitive to public needs.Thank you. P: thank you sir,thank you madam………….ended….
My assessment: chairman was very cordial, lady member was very cooperative(I smiled only with her),M1 and M4 neutral while M3 was visibly upset with my answers…. I could have talked about UID project…. Talked more about telangana….. Linked between autosuggestion,hypochondrics and my earlier statement with lady member….overall it was a nice experience….
POSTSCRIPT(after rank)
I feel I got good marks(230 marks) in interview because I was honest and some answers to M1(like naxals have more informers than police,IAS must be both leader and manager) were good and spontaneous. I did not get irritated by M3 getting visibly upset,I kept my cool and understood that he is testing my patience. And last Q&A with chairman regarding familism,Gandhi,mentioning of vippassana meditation , might have connected with him that "this fellow might well be honest even after selection for a long time". Before every mock and final interview I used to do following: 1)strike a conversation with other students waiting for their turn of interview. 2)If anyone is getting tense, I used to encourage them that everything would be fine. These might have unconsciously helped me to be tense free, developed a belief that there is no reason for any board to reject or hate me, that I am likeable generally…. 3)Before entering interview room, I told to myself, -----Be honest -----Be confident -----Be respectful Mug these words, believe in them, try these in mocks and success will be yours. And enjoy your interview!!Best of luck. |
ITCSA stands for ‘Indian Telugu Civil Servants Association’. It is the informal group of Civil Servants hailing from Andhra Pradesh & Telangana working in different parts of India and abroad. The idea was conceived on 9th November, 2006 by Telugu Civil Servants of 80 Foundation Course (LABASNAA, Mussorie). The association uses web-based Google Group named ‘ITCSA’ as the major platform for interaction among members. Aspirants can interact with ITCSA members through itcsa2006@gmail.com
Sunday, March 6, 2011
Interview Notes of N.Prakash Reddy IPS
Saturday, March 5, 2011
Civil Service Interview Guidance Programme
Monday, February 28, 2011
Central Civil Services - Rules, Regulations, Instructions, Manual and Records
Name/title of the document:
1. Central Civil Services Fundamental Rules and Supplementary Rules
2. T.A. Rules
3. Central Civil Services(Leave) Rules, 1972, as amended from time to time.
4. Dearness Allowance, Dearness Relief and Ex-gratia to GPF Beneficiaries.
5. Central Civil Services (Pension) Rules, 1972 as amended from time to time.
6. Central Civil Services(Extraordinary Pension) Rules
7. Central civil services,Central Govt. Employees Group Insurance Scheme,1980.
8. Central Civil Services (Classification, Control and Appeal) Rules, 1965.
9. Central Civil Services (Conduct) Rules,1964.
10. General Provident Fund (Central Services) Rules, 1960.
11. Central Civil services (Leave Travel Concession) Rules,1988.
12. Central Civil Services(Educational Assistance) Orders, 1988.
13. General Financial Rules, 2005.
14. Compendium of Rules on Advances to Government Servants.
15. Delegation of Financial Powers Rules, 1978.
16. House Building Advance Rules
17. Overtime Allowance Rules
18. Central Civil Services (Revised Pay) Rules
19. Treasury Rules of the Central Government.
20. Central Civil Services (Temporary service) Rules,1965.
21. Reservations and concessions for SCs and STs OBC, etc.
22. Uniforms for Group C and D employees
23. New Pension Scheme
24. Allotment and Licence Fee of Government Residences.
25. Civil Accounts Manual (Vol.I &II).
26. Pay and Accounts Office Manual.
27. CPWD Manual Vol.I & II.
28. CPWD 'A' code.
29. CPWD 'D' code.
30. Account code for Accountants-General
31. Accounting Rules for Treasuries, 1992.
32. Puducherry Municipal Manual Vol.I and II.
33. Puducherry Commune Panchayat Manual Vol.I and II.
34. Govt. Accounting Rules, 1990.
35. List of Major and Minor Heads of Accounts of Union and States (Vol.I & II).
36. Supense Manual.
37. Central Govt.Account (Receipts and Payments) Rules, 1983.
38. Central services (Medical Attendance) Rules, 1944.
The above priced Rules Books are available in the open market.
Wednesday, February 23, 2011
use drivesafe.ly in your phone for safe driving
Features
- Reads your text messages and emails out loud in real time
- Hands Free - No need to touch the phone while driving
- One-touch activation - no complicated setup
- Bluetooth and radio transmitter compatible
- Reads text message shorthand (lol, brb)
- Optional customizable auto-responder
Tuesday, February 22, 2011
Vineel krishna is to be released soon
A day after the Orissa government agreed to meet some of the their demands, the Maoists have announced that abducted Malkangiri district collector R V Krishna and junior engineer Pabitra Majhi are to be released within 48 hours.Mediator Professor Hargopal made this statement after the third day of talks with the Orissa government.The Orissa government said that no coercive action would be taken against the Maoists as long as they do not indulge in violence.
vineel krishna peace rally update
Monday, February 21, 2011
ITCSA appeals for early release of Vinil Krishna IAS
Similar rallies were held in Bhawanipatna, Athagarh, Parla-khemundi, Balangir, Gajapati, Kandhamal and even Rourkela. Many offered puja in temples and organised yajnas for the release of the abducted officials.
All colleges and schools remained closed on 17th Feb. in Malkangiri town in protest against the abductions. Bus operators stayed off the road in support of the mass upsurge against Maoists.
ITCSA (Indian Telugu Civil Servants Association) is organizing a peace rally with candles on 21-02-2011(Monday) at 7.45pm near R.C.Reddy IAS study circle, Ashok Nagar, Hyd. In this regard all are requested to attend the rally and appeal the Naxals through media to release Mr. Vinil Krishna IAS without any delay.
Friday, February 4, 2011
Civil services survey 2010 report
It seems IRS(cx) is bettr than IRS(IT) and IPS in Satisfaction with Postings and Transfers...see more about all services in civil services survey 2010 report at
Jan Aushadhi initiative - Quality drugs at affordable prices
The jan aushadhi initiative will make available quality drugs at affordable prices through dedicated stores selling generic medicines which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs. Some comparative prices are:
Prices in Rs.
Name of Salt | Dosage | Pack | Jan Aushadhi | Market |
| Tab. Ciprofloxacin | 250mg | 10 | 11.10 | 55.00 |
| Tab. Ciprofloxacin | 500mg | 10 | 21.50 | 97.00 |
| Tab. Dislofenac | 100mg | 10 | 3.50 | 36.70 |
| Tab. Cetrizine | 10mg | 10 | 2.75 | 20.00 |
| Tab. Paracetamol | 500mg | 10 | 2.45 | 10.00 |
| Tab Nimesulide | 100mg | 10 | 2.70 | 25.00 |
| Cough Syrup | 110ml | Liquid | 13.30 | 33.00 |
The Jan Aushadhi Campaign will accordingly:
Promote greater awareness about cost effective drugs and their prescription.
Make available unbranded quality generic medicines at affordable prices through public-private partnership.
Encourage doctors, more specifically in government hospital to prescribe generic medicines.
Enable substantial savings in health care more particularly in the case of poor patients and those suffering from chronic ailments requiring long periods of drug use.
DETAILS OF THE JAN AUSHADHI GENERIC DRUG STORES FUNCTIONING IN AP24x7 Jan Aushadhi
Generic Drug store,
Civil Hospital, Vizag
Port Trust,
Visakhapattanam
Andhra Pradesh
Jan Aushadhi Generic
Drug Store,
Nizam's Institute of
Medical Sciences,
Punjagutta,
Hyderabad
Andhra Pradesh
for more info see http://janaushadhi.gov.in/
Thursday, February 3, 2011
Organisations excluded from RTI Act
The RTI Act partially excludes the following from the ambit of the Act:
1. Organisations specified in the Second Schedule 2. Information furnished by such organisations to the Central GovernmentHowever, the following information is not excluded:
•
Information pertaining to the allegations of corruption•
Information pertaining to the allegations of human rights violationsApproval of the Central Information Commission is required for disclosure of information in respect of allegations of human rights violations and maximum
time limit is 45 days for such disclosures. It seems the excluded organisations need not obtain such approval from the Central Information Commission to
THE SECOND SCHEDULE
(
SeeIntelligence and security organisation established by the Central Government
1. Intelligence Bureau.
2. Research and Analysis Wing of the Cabinet Secretariat.
3. Directorate of Revenue Intelligence.
4. Central Economic Intelligence Bureau.
5. Directorate of Enforcement.
6. Narcotics Control Bureau.
7. Aviation Research Centre.
8. Special Frontier Force.
9. Border Security Force.
10. Central Reserve Police Force.
11. Indo-Tibetan Border Police.
12. Central Industrial Security Force.
13. National Security Guards.
14. Assam Rifles.
15. Sashastra Seema Bal.
16. Directorate General of Income-tax (Investigation).
17. National Technical Research Organisation.
18. Financial Intelligence Unit, India.
19. Special Protection Group.
20. Defence Research and Development Organisation.
21. Border Road Development Board.
Registration for OCC_RTI is Open
The Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievances and Pensions, Government of India (GoI) has launched an 'Online Certificate Course on RTI' for various stakeholders on, both, the demand and supply sides of the RTI implementation regime. so apply NOW
Wednesday, February 2, 2011
Model papers for various exams
ssc.nic.in – SSC Constable (GD) Recruitment January 2011 Apply online
STAFF SELECTION COMMISSION
Staff Selection Commission (SSC) is going to invite online applications for conduct Examination for Recruitment of 49,070 Constable (General Duty) in Central police organizations (BSF, CISF, CRPF and SSB, ITBP, Assam Rifles) under ministry of Home affairs.
Fist time Central government has decided to conduct common Recruitment Examination for recruitment of Constable (GD) in CPO through Staff Selection Commission. We will provide proper information's about this recruitment with details information time to time.
Details of Recruitment are as follow:-
| Name of Post | Age-limit | Scale of Pay | Total vacant posts |
| Constable (General Duty) | 18-23 years | PB-1 Rs. 5200-20200/- with Grade pay Rs. 2000/- | 49070 |
Important Dates and Events:-
| Events | Dates |
| Possible Date of written test conduct in BSF,CISF,CRPF,SSB | 05th June 2011 |
| ITBP and Assam Rifles written test | 1st May 2011 |
Selection Procedure:-
Selection Process will be conducted as PST (Physical Standard Test), Physical Efficiency Test (PET), Examination Test/medical Examination and will be getting short listed on the basis of written Examination.
Syllabus:-
The Written Examination will be conducted on Secondary level questions on General knowledge and Awareness, Elementary mathematics, English and Hindi, Reasoning.
Apply procedure:-
Interested candidates can apply online application through SSC official websites http://ssconline.nic.in from 5th February 2011 onwards and take printout of system generated applications and sent it to following address concerned department as given below.
1. For ITBP candidates:-
Office of Deputy Director
Staff Selection Commission
North Western Region
Chandigarh
2. for Assam Rifles:
Regional Director
Staff Selection Commission
North-Eastern Region Guwahati
Assam
3. for CRPF/CISF/SSB/BSF
To
Respective Regional/Sub Regional Offices
Staff Selection Commission
For knowing all details like information about SSC Constable (GD) recruitment 2011 please see Employment New published dated on 5-11 February 2011 or SSC will be published all details information 5-11 February onwards Or click below link:-
http://ssc.nic.in/whats%20new%20html/latest_news/Press%20Note.pdf
To apply online for Constables (GD) Recruitment 2011 click below link:-
Saturday, January 29, 2011
No more Restriction on direct recruitment - Good news for aspirants
No. I-11011/1/2009-CRD
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
3rd Floor, Lok Nayak Bhawan,
New Delhi-110003
December 14, 2010
Office Memorandum
Subject: Consolidated guidelines on cadre review of Central Group 'A' Services.
Restriction on direct recruitment-
There is a restriction on direct recruitment to the extent that it should not exceed 3% of the total cadre strength.
The authority to relax the condition rests with DoPT. It has now been decided to do away with this restriction. The Cadre Controlling Authorities are, however, advised not to resort to any bulk recruitment as it would create a bulge in the structure leading to stagnation at later stage. This may be kept in view while projecting recruitment planning.
--
You only live once but if you work it right, once is enough....
SADHU NARASIMHA REDDY IRS
Nimesulide and 2 other drugs face Health ministry ban
Three drugs viz. nimesulide, cisapride and phenylpropanolamine (PPA) which are used in treating pain and fever in children, stomach acid reflux and cold or cough respectively, have been declared as unsafe by Drugs Technical Advisory Board (DTAB) of the Union Ministry of Health. The drugs may be banned very soon.
The most pharmaceutical companies in India have already stopped manufacturing these drugs following their ban in many developed countries, including Britain, Canada, Sweden, Denmark, Australia, New Zealand and Japan. Nimesulide has never been filed for food and drug administration evaluation for sale in the US, where it is not marketed.
Apart from India, nimesulide is marketed in 49 other countries worldwide, including Italy, France, Portugal, Greece, Switzerland, Belgium, Mexico and Brazil Nimesulide tablets are routinely prescribed for inflammation, pain and fever in India because they have a longer-lasting effect. Unlike paracetamol, which usually acts for 4-6 hours, nimesulide brings down pain and fever for 12-18 hours. However, the side-effects include liver damage. The World Health Organization recommends paracetamol, which should be the first drug of choice for fever, followed by ibuprofen.
Cisapride is another banned drug declared unsafe which was found to cause irregular heartbeats. It has Rs2 crore market. PPA which commands a Rs3.5 crore market is a component of cold and cough remedies.
Sunday, January 23, 2011
Criminal Procedure Code Amendment Bill, 2008
The police cannot arrest anyone before sending him a Memo of Appearance and in case the accused failed to comply with the notice, the police have to record reasons of arrest the court diary and to obtain warrant from the magistrate for crimes where the punishment was up to seven years of imprisonment. The accused has to be supplied with a copy of the FIR, provided a lawyer of his choice and a proper medical check up has to be done before arrest.
Section 41 A (3) states that when an accused person complies and continues to comply with the notice he shall not be arrested in respect of the offense.Tuesday, January 18, 2011
Indian Government totally online - very useful
Obtain:
* Birth Certificate <http://www.india. gov.in/howdo/ howdoi.php? service=1>
* Caste Certificate <http://www.india. gov.in/howdo/ howdoi.php? service=4>
* Tribe Certificate <http://www.india. gov.in/howdo/ otherservice_ details.php? service=8>
* Domicile Certificate <http://www.india. gov.in/howdo/ howdoi.php? service=5>
* Driving Licence <http://www.india. gov.in/howdo/ howdoi..php? service=6>
* Marriage Certificate <http://www.india. gov.in/howdo/ howdoi.php? service=3>
* Death Certificate <http://www.india. gov.in/howdo/ howdoi.php? service=2>
* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
Apply for:
* PAN Card <http://www.india. gov.in/howdo/ otherservice_ details.php? service=15>
* TAN Card <http://www.india. gov.in/howdo/ otherservice_ details.php? service=3>
* Ration Card <http://www.india. gov.in/howdo/ howdoi.php? service=7>
* Passport <http://www.india. gov.in/howdo/ otherservice_ details.php? service=2>
* Inclusion of name in the Electoral Rolls <http://www.india. gov.in/howdo/ howdoi.php? service=10>
* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
Register:
* Land/Property <http://www.india. gov.in/howdo/ howdoi.php? service=9>
* Vehicle <http://www.india. gov.in/howdo/ howdoi.php? service=13>
* With State Employment Exchange <http://www.india. gov.in/howdo/ howdoi.php? service=12>
* As Employer <http://www.india. gov.in/howdo/ otherservice_ details.php? service=17>
* Company <http://www.india. gov.in/howdo/ otherservice_ details.php? service=19>
* .IN Domain <http://www.india. gov.in/howdo/ otherservice_ details.php? service=18>
* GOV.IN Domain <http://www.india. gov.in/howdo/ otherservice_ details.php? service=25>
* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
Check/Track:
* Waiting list status for Central Government Housing <http://www.india. gov.in/howdo/ otherservice_ details.php? service=9>
* Status of Stolen Vehicles <http://www.india. gov.in/howdo/ otherservice_ details.php? service=1>
* Land Records <http://www.india. gov.in/landrecor ds/index. php>
* Causelist of Indian Courts <http://www.india. gov.in/howdo/ otherservice_ details.php? service=7>
* Court Judgements (JUDIS ) <http://www.india. gov.in/howdo/ otherservice_ details.php? service=24>
* Daily Court Orders/Case Status <http://www.india. gov.in/howdo/ otherservice_ details.php? service=21>
* Acts of Indian Parliament <http://www.india. gov.in/howdo/ otherservice_ details.php? service=13>
* Exam Results <http://www.india. gov.in/howdo/ otherservice_ details.php? service=16>
* Speed Post Status <http://www.india. gov..in/howdo/ otherservice_ details.php? service=10>
* Agricultural Market Prices Online <http://www.india. gov.in/howdo/ otherservice_ details.php? service=6>
* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
Book/File/Lodge:
* Train Tickets Online <http://www.india. gov.in/howdo/ otherservice_ details.php? service=5>
* Air Tickets Online <http://www.india. gov..in/howdo/ otherservice_ details.php? service=4>
* Income Tax Returns <http://www.india. gov.in/howdo/ otherservice_ details.php? service=12>
* Complaint with Central Vigilance Commission (CVC) <http://www.india. gov.in/howdo/ otherservice_ details.php? service=14>
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Contribute to:
* Prime Minister's Relief Fund <http://www..india. gov.in/howdo/ otherservice_ details.php? service=11>
* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
Others:
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* Search More - How do I <http://www.india. gov.in/howdo/ advancedsearch. php>
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Wednesday, January 12, 2011
9 tax saving ways you should know
The Income Tax Act 1961 is a voluminous piece of legislation. Taxmann Publications' latest edition of the Act runs into 1,125 pages. It's enough to intimidate even the most diligent law student and tax expert, leave alone ordinary taxpayers. But hidden away in the 300-odd sections and 14 schedules are clauses that can benefit ordinary taxpayers-provided they know how to claim those benefit.
1. Use losses in stocks to cut tax
Can you gain from the short-term losses you made on stocks? Yes, says the Income Tax Act. If you have made any long-term capital gains from sale of property, gold or debt funds, you can set them off against short-term capital losses made on stocks and bring down your tax liability. "Short term capital losses can be set off against both shortterm capital gains as well as taxable long-term capital gains"
2. Get deduction for rent even without HRA
House rent can account for as much as 40-50% of the total household expense. That's why the house rent allowance is exempt from tax to a certain limit. But what if your salary does not include an HRA component or you are a self-employed professional or businessman? Under Section 80GG, you can claim deduction of the rent paid even if you don't get HRA. "Not many people are aware of this deduction." The least of the following three can be claimed as deduction: rent paid less 10% of total income; or Rs 2,000 a month; or 25% of total income. Also, the taxpayer should not be drawing any HRA or any housing benefit.
3. Pay lower tax if someone is ill
The Income tax Act allows a taxpayer to claim a deduction of Rs 40,000 if he has a dependent who suffers from any of the ailments specified under Section 80DDB. "The deduction is higher at Rs 60,000 if the patient is a senior citizen". The diseases include, neurological diseases (including dementia, dystonia musculorum deformans, motor neuron disease, ataxia, chorea, hemiballismus, aphasia and Parkinson's disease), malignant cancers, full-blown AIDS, chronic kidney failure and haematological disorders (haemophilia and thalassaemia). Dependents can include spouse, children, parents and siblings.
4. Claim benefits for your political affiliations
Any amount contributed to a recognized political party can be claimed as a deduction under Section 80GGC (80GGB for corporates). "This is a new deduction and was introduced in April 2010. The donation can also be made to the electoral trust which works for the purpose of conducting elections." Interestingly, unlike other deductions, there is no ceiling on the amount that can be claimed as a deduction.
5. Use education loan to lower tax
The interest paid on an education loan is fully deductible from taxable income under Section 80E. Till a few years back, this deduction was available only to the borrower. Now, even a parent or a spouse can avail of it.
6. Disabilities can be tax savers
If a taxpayer suffers from a disability, he can claim deduction of Rs 75,000 under Sec 80U. If he has a disabled dependent, he can claim the deduction under Sec 80DD. Disability includes blindness, low vision, leprosy, hearing impairment, loco-motor disability, mental retardation and mental illness and deduction is available only if the impairment is at least 40%. If the disability is severe (80% or above), the deduction is Rs 1 lakh a year. The dependant could include the taxpayer's spouse, children, parents and even siblings.
7. Take unlimited deduction for your second home loan
Under Section 24b, one can claim deduction of up to Rs 1.5 lakh a lakh for interest paid on a home loan. But if the taxpayer buys a second house through another home loan and gives it on rent, the entire interest paid on the home loan during a given year can be claimed as a deduction.
8. Claim HRA as well as home loan benefits
HRA and interest on home loan are two separate provisions and claiming one of them as a deduction does not influence the other. There are many such examples in the tax laws. Let's take for instance, Section 80C (PPF, NSC, ELSS etc.) and Section 80D (medical insurance premium). "Everyone will agree that both Section 80C and Section 80D can be separately claimed.
9. How to cut tax by investing in spouse's name
Section 64 of the Income tax Act says that income derived from money gifted to a spouse will be treated as the income of the giver. It will be clubbed with his (or her) income for the year and taxed accordingly. Are there ways to avoid the clubbing provisions without crossing the line between tax avoidance and tax evasion? Yes.
If you want to buy a house in your wife's name but don't want the rent to be taxed as your income, you can loan her the money. In exchange, she can give you her jewellery. For example, if you transfer a house worth Rs 10 lakh to your wife and she transfers her jewellery for the same amount in your favour, then the rental income from that house would not be taxable to you.
One can also avoid clubbing of income by opting for tax exempt investments. There is no tax on income from the Public Provident Fund (although the 8% interest rate offered and the 15-year lock-in does not compare with fixed deposits). There is also no tax on gains from shares and equity mutual funds if held for more than a year. So, if one invests in these options in the name of the spouse, there is no additional tax liability.
Source : http://economictimes.indiatimes.com/personal-finance/tax-savers