Latest news with #Rs.12
Time of India
14-05-2025
- Time of India
Crime Files: Domestic workers caught in theft
Girinagar Police Station In two separate incidents, domestic workers were arrested for stealing gold and cash from their employers' homes in Bengaluru. In the first case, reported at, a maid stole 48.62 grams of gold ornaments and Rs.3.86 lakh in cash, valued at Rs.8.47 lakh, from a house in Banashankari 3rd Phase. Police recovered the stolen items from her house and a nearby jewellery the second case under the HAL Police Station, a maid was arrested for house robbery after allegedly using a duplicate key to steal gold while the family was away. 128 grams of gold jewellery, worth Rs.12 lakh, was found hidden in the trunk of her two-wheeler. Both accused have been remanded to judicial custody.A car driver was arrested by Vyalikaval Police for allegedly stealing Rs.1.51 crore in cash entrusted to him for tax payment by his employer, a chartered accountant based in Kodandaraipura. The complaint was filed on May 6, after the driver failed to deposit the money in the car as instructed and went accused has been identified as Rajesh (45). According to police, instead of keeping the amount in the vehicle, the driver hid the cash in his two-wheeler and fled. Based on the investigation, a notice was issued to the accused, who appeared before police on May 9. During questioning, he confessed to the theft and revealed that the stolen cash was kept at his residence near the TTD later recovered Rs.1.4 crore in cash and a two-wheeler used in the crime. The case has been successfully solved by the Vyalikaval Police.
India.com
10-05-2025
- Business
- India.com
Isha Ambani and Anand Piramal's daughter Aadiya study in THIS famous school, fees ranges from Rs...; Details here
Piramal Palace: Mukesh Ambani's daughter Isha Ambani is 'bahu' of this village, her husband has a lavish hawali here, know inside details of this building The Ambani and Piramal families are widely admired not just for their vast business empires, but also for placing strong value on education and grooming future generations. Isha Ambani and Anand Piramal, one of India's most prominent young couples, come from influential backgrounds and are both highly educated. Their daughter, Aadiya, is now following in their footsteps and has begun her early schooling at one of Mumbai's top educational institutions. Aadiya Piramal's early schooling journey Aadiya Piramal, the daughter of Isha Ambani and Anand Piramal, along with her twin brother Krishna, was born on November 19, 2022. As of now, Aadiya has taken her first step into formal education by joining Westwind School, a well-known early learning institution in Mumbai. About Westwind school Founded in 1947, Westwind School is known for its focus on early childhood development through a nurturing and creative environment. With small class sizes and a child-centered approach, the school places emphasis on personalized attention, interactive learning, and overall development rather than just academics. Fee structure at Westwind School The fee system at Westwind reflects its premium reputation. Here's a simplified breakdown based on recent reports: Admission Fee: Rs.12,000 (one-time) Caution Deposit: Rs. 5,000 (refundable) Form & Registration Fee: Rs. 1,000 (non-refundable) Tuition Fee: Rs. 3,500 per month × 12 = Rs. 42,000 annually Annual Charges: Rs. 5,000 (payable in April and July) Estimated Total Annual Cost: Between Rs. 2.5 to Rs.4 lakh per child, including tuition, activities, materials, and events. Discounts offered Sibling Discount: 10 per cent off tuition for the second child Full-Year Payment Discount: 5 per cent concession if parents pay the full year's tuition upfront in April or July Note: The school may revise fees from time to time. Isha Ambani's educational journey Isha Ambani, daughter of Mukesh and Nita Ambani, has a solid academic background. She earned her bachelor's degree from Yale University in the US, where she studied Psychology and South Asian Studies. This blend of social sciences and cultural studies gave her a well-rounded perspective early on. Later, she deepened her business knowledge by completing an MBA from the Stanford Graduate School of Business in California. Isha's education has played a key role in shaping her leadership style at Reliance Retail and Jio, where she is now a key decision-maker. Anand Piramal's academic background Anand Piramal, son of industrialist Ajay Piramal and Dr. Swati Piramal, also holds strong academic credentials. He studied Economics at the University of Pennsylvania, gaining insights into finance and global markets. He pursued an MBA at Harvard Business School. This education has helped Anand take on leadership roles in the Piramal Group, where he drives strategic business initiatives and innovation. Together, Isha and Anand bring a unique mix of tradition, education, and modern business acumen to their family legacy. Their daughter Aadiya is now growing up in an environment that values both learning and leadership.
India Today
06-05-2025
- Business
- India Today
Opted for new tax regime? Here's a look at key benefits, what you can claim
If you're planning to go for the new tax regime this year, you're probably wondering what I can still claim under it? Well, the new system does offer lower tax rates, but it also cuts down many of the deductions and exemptions that people often used to save on it's not all bad. Let's walk through what's allowed, what's not, and whether it's worth WHAT IS THE NEW TAX REGIME?The government brought in the new tax regime to make things simpler for taxpayers. It gives you more tax slabs with lower rates, which means you may end up paying less tax. However, you lose out on most tax-saving deductions like HRA, LTA, and 80C investments. In short, you get fewer options to lower your taxable income, but the rates themselves are Minister, Nirmala Sitharaman, in her Budget 2025 speech said, 'Slabs and rates are being changed across the board to benefit all taxpayers. The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment.'LOWER TAX RATES UNDER THE NEW REGIMEUnder the old tax regime, the basic exemption limit is Rs 2.5 lakh, and the highest tax rate of 30% applies to income above Rs 10 (Dr) Suresh Surana stated, "Contrary to the 4 tax slab rates of the old tax regime, the new tax regime is wider in scope with its 7 tax slab with rates ranging from 5% to 30% with an exemption limit up to Rs. 4,00,000 and the highest tax rate of 30% is applicable on income above Rs. 24,00,000." Credit: CA (Dr) Suresh Surana SPECIAL REBATE UNDER SECTION 87A'Under the old tax regime resident individuals with total income up to Rs.5,00,000 would be subjected to a Nil effective tax rate by way of claiming full rebate u/s 87A of IT Act,' said Surana.'However, w.e.f. FY 2025-26, individuals opting for new tax regime can claim full tax rebate of upto Rs. 60,000 u/s 87A of IT Act for total income up to Rs.12,00,000,' he the new regime, you can now get a full tax rebate if your income is up to Rs 7 lakh. But from FY 2025–26, this rebate will be extended to Rs 12 lakh, giving a much-needed relief to middle-class MARGINAL RELIEFadvertisementThe new tax regime also offers marginal relief under Section 87A. This helps people earning just over Rs 12 lakh by making sure they don't pay much more tax than someone earning Rs 12 lakh. It ensures they only pay tax on the extra amount, keeping things to Surana, 'Under the New Tax Regime, marginal relief u/s 87A ensures that individuals with income marginally exceeding Rs 12 lakhs are not subjected to a disproportionately high tax burden. It limits the additional tax payable to the exact amount by which the income exceeds the rebate threshold, thereby maintaining tax equity.'He explained that if a person earns slightly more than Rs 12 lakh, they will only be taxed on the extra amount, thereby maintaining a net income (post-tax) equal to that of an individual earning exactly Rs 12,00, SURCHARGE RATES FOR SUPER-RICHThe surcharge has also been reduced in the new regime. Earlier, those earning over Rs 5 crore had to pay a 37% surcharge, but now it's been cut to 25%, bringing the total tax rate down from 42.74% to 39%.INCREASED STANDARD DEDUCTIONThe government has increased the limit on standard deduction from Rs 50,000 to Rs 75, PENSION DEDUCTION INCREASEDThe limit on maximum deduction under family pension has been increased from Rs. 15,000 to Rs. 25, OF EMPLOYER'S CONTRIBUTIONThe limit for claiming a deduction on your employer's contribution to the pension scheme (Section 80CCD(2)) has increased from 10% of your salary to 14%.DEDUCTION FOR CONTRIBUTIONS MADE TO THE NPS VATSALYAThe Finance Minister mentioned in her Budget 2025 speech that, 'It is proposed to extend the tax benefits available to the National Pension Scheme (NPS) under sub-section (1B) of section 80CCD of the Income-tax Act, 1961 to the contributions made to the NPS Vatsalya accounts, as applicable.'CAN YOU SWITCH BETWEEN REGIMES?Yes, if you're a salaried employee, you can switch between the old and new regime every year. You just need to tell your employer at the start of the financial year. If you don't, they'll deduct tax as per the new default regime.'Individual taxpayers can switch between the old and new tax regime on a year-on-year basis, whereas those individual taxpayers deriving any income from business or profession who have exercised the option of opting out of the new tax regime u/s 115BAC could exercise the option of opting back to the said new tax regime only once,' mentioned Dr the new tax regime may suit you if you don't claim many deductions or prefer a simpler tax filing process. But if you have a home loan, insurance, or investments under 80C, the old regime might still save you at the end of the day, it's your money, so take a moment, do a quick comparison, and make the choice that fits your situation Watch
