Income Tax info & Calculator 2008 - 2009

Below given are the different tax slabs information. Please check which category you fall into. 

Your income                                    -      Tax liability(%)

General:

Rs  0 -  1,50,000                              -   Nill
Rs. 1,50,001 – Rs. 3,00,000           -   10%
Rs. 3,00,001 – Rs. 5,00,000           -   20%
Rs. 5,00,001 – Rs. 10,00,000        -    30%

Women:

Rs 0 -  1,80,000                              -   Nill
Rs. 1,80,001 – Rs. 3,00,000          -    10%
Rs. 3,00,001 – Rs. 5,00,000          -    20%
Rs. 5,00,001 – Rs. 10,00,000        -    30% Read more

January 31, 2009 | Filed Under Income Tax | Leave a Comment 

Understanding financial statements of a company

Understanding finance is important not only for finance students but also for investors, engineers, doctors and every group of the society. If an investor doesn’t understand what is a Balance Sheet and if he can’t make out the performance of a firm by looking at the Income statement he would be doing a gambling. 

This post and the future posts in this category are aimed at educating beginners in account statements and statistics in finance.
Financial statements provide us key information to know the performance of a firm over a period of time and the healthiness of a firm at any given point of time. There are two important financial statements released quarterly and annually by listed companies to general public. Read more

January 31, 2009 | Filed Under Fundamental Analysis | Leave a Comment 

What is spin off of companies

A Spin off is, essentially, the opposite of a merger. In a spin off the existing business is separated from a big company to form a new entity. If the new company is wholly owned by the parent company, equity structure may not change. A company decides to go for spin off when the existing company is too large to handle the operations or if it thinks separate management structure would benefit the business.

Read more

January 31, 2009 | Filed Under Stock market Terminology | Leave a Comment 

What is Acquisition or Takeover of a Company ?

In an acquisition the acquiring company buys controlling stake in the acquired company. The acquired company is also referred to as ‘Target Company’. There are two types of acquisitions; Friendly acquisitions and Hostile acquisitions. 

In a friendly acquisition the target company is formally informed about the acquisition and there is an agreement on corporate management and finance control. In a hostile take over the target company does not find it favorable that a majority of its shares are bought by the acquiring entity. In a hostile take over the acquiring company keeps on increasing its stake in the target company by buying the shares from institutional investors or through normal stock exchange transactions. Read more

January 24, 2009 | Filed Under Stock market Terminology | Leave a Comment 

What is merger and How merger of companies happen in stock market ?

Mergers and Acquisitions (M&As) is a phrase commonly used to represent either merger or acquisition or both. A merger usually takes place between two or more companies of same size. The main purpose of a merger is to create a new firm with combined shareholder value exceeding the sum of the values of the two companies through synergy. That is possible because the newly formed entity uses the expertise in different areas from both the companies involved in the merger. A merger reduces employees cost, improves market reach and expertise levels.

During merger the stocks of both the companies are surrendered and new shares are issued in place of them. Merger swap ratio decides the number of stocks to be issued to the existing stock holders of both the companies.

Let’s take an example to have the clear understanding on what happens to the stocks of the two companies in question. Read more

January 24, 2009 | Filed Under Fundamental Analysis | Leave a Comment 

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