WISH

MERRY CHRISTMAS

to all . . .

SEASON OF NO REGRETS . . .

Always turn a negative situation …. into a positive one…..Michael Jordan

New Section 87A - Rs 2000 Rebate

Under Section 87 A of Income Tax Act 1961, every INDIVIDUAL whose Income is below Rs. 5,00,000/ gets a rebate of Rs. 2,000/ from Total Tax payable.

This New section was introduced by Mr Chidambaram during his Budget Speech 2013.

This is applicable to Resident Individuals (not for HUF and NRI) whose Total Taxable Income (after Deductions under Chapter VI-A)  does not exceed Rs. 5,00,000/  for the Financial Year 2013-14.

This is also beneficial for senior citizens of age 60 to 79 also.

After arriving at the Total Tax Payable, one can deduct Rs. 2,000/ u/s 87A.

When Tax payable is less than RS.2,000/ the rebate is limited to the amount of Tax payable.  

HAPPY INVESTING

PAY TAX & BE HAPPY

Tamil Nadu Govt Public Holidays 2014

Government of Tamil Nadu Released Public Holidays list for the Year 2014 under Negotiable Instruments Act, 1881.

(Under the “Explanation” to section 25 of the Negotiable Instruments Act,
1881 (Central Act XXVI of 1881) read with Notification of the Government of India, Ministry of Home Affairs, No.20-25-26, Public-1, dated the 8th June,
1957, the Government of Tamil Nadu hereby declares, that in addition to
“Sundays” expressly defined as Public Holidays in the said “Explanation” the following days shall be Public Holidays for the year 2014).

Sl.No	Public Holidays	Date	Day
1	New Year’s Day	01.01.2014	Wednesday
2	Pongal and Milad-un-Nabi	14.01.2014	Tuesday
3	Thiruvalluvar Day	15.01.2014	Wednesday
4	Uzhavar Thirunal	16.01.2014	Thursday
5	Republic Day	26.01.2014	Sunday
6	Telugu New Year’s Day	31.03.2014	Monday
7	Annual Closing of Accounts for Commercial Banks and Co-operative Banks	01.04.2014	Tuesday
8	Mahaveer Jayanthi	13.04.2014	Sunday
9	Tamil New Year’s Day and Dr. B.R Ambedkar’s Birthday	14.04.2014	Monday
10	Good Friday	18.04.2014	Friday
11	May Day	01.05.2014	Thursday
12	Ramzan	29.07.2014	Tuesday
13	Independence Day	15.08.2014	Friday
14	Krishna Jayanthi	17.08.2014	Sunday
15	Vinayakar Chathurthi	29.08.2014	Friday
16	Gandhi Jayanthi and Ayutha Pooja	02.10.2014	Thursday
17	Vijaya Dasami	03.10.2014	Friday
18	Bakrid	05.10.2014	Sunday
19	Deepavali	22.10.2014	Wednesday
20	Muharram	04.11.2014	Tuesday
21	Christmas	25.12.2014	Thursday

TN Govt Public Holidays

“HAPPY HLOIDAYS”

HAPPY NEW YEAR 2014

Wish everyone a very

HAPPY, HEALTHY, WEALTHY and PEACEFUL 2014.

“Let 2014 bring in Millions of Memories to Cherish”