This is the logic given by my friend pradeep(Bolero)on how the income taxing system works.
There were 10 men who went out for dinner. The bill for all 10 came to
Rs 100. They decided to split and pay their bill exactly the way we
pay our taxes. The first four men - the poorest - paid nothing; the
fifth paid Re 1, the sixth paid Rs 3, the seventh Rs 7, the eighth Rs
12, the ninth Rs 18., and the tenth man - the richest - paid Rs 59.
The 10 men continued to eat everyday in this restaurant and seemed
quite happy with the arrangement. Until one day, the restaurant owner
threw them a curve! (in tax language a "tax cut"). "Since you are all
such good customers," he said, "I'm going to reduce the cost of your
daily meal by Rs 20." So now dinner for the 10 cost only Rs 80.
The group still wanted to pay their bill the way we pay our taxes. So
the first four men were unaffected. They would still eat for free. But
what about the other six, the paying customers? How could they divide
Rs 20 windfall so that everyone would get his "fair share"?
The six paying men calculated that Rs 20 divided by six is Rs 3.33.
But if they subtracted that from each of their share of the bill, then
the fifth man and the sixth man would end up being PAID to eat their
meal! So the restaurant owner suggested that it would be fair to
reduce each man's bill in rough proportion to their share, and he
proceeded to work out the amounts each should pay.
And so the fifth man paid nothing (100 per cent saving), the sixth
pitched in Rs 2, the seventh paid Rs 5, the eighth paid Rs 9, the
ninth paid Rs 12, leaving the tenth man with a bill of Rs 52 instead
of his earlier Rs 59. Each of the six was better off than before. And
the first four continued to eat for free.
But once outside the restaurant, the men began to compare their
savings. "I only got a rupee out of the Rs 20," declared the sixth
man, but he got Rs 7!" pointing to the tenth. "Yeah, that's right,"
exclaimed the fifth man, "I only saved a rupee, too. It's unfair that
he got seven times more than me!"
That's true! shouted the seventh man, "why should he get Rs 7 back
when I got only Rs 2? The wealthy get all the breaks!" "Wait a
minute," yelled the first four non-paying men in unison, "We didn't
get anything at all. The system exploits the poor!"
The 9 men surrounded the tenth and beat him up. The next night he
didn't show up for dinner, so the 9 sat down and ate without him. But
when it was time to pay the bill, they discovered, what was very
important. They were FIFTY-TWO Rupees short of paying the bill!
And that, dear friends and law-makers, is how the tax system works.
The people who pay the highest taxes would quite obviously get the
most benefit from a tax reduction. Tax them too much, attack them for
being wealthy, and they just may not show up at the table anymore.
Where would that leave the rest?
Simple story and Straight forward logic
Tuesday, March 28, 2006
Tuesday, March 21, 2006
The dark face of IT/ITES salaries
This is from the point of view of the young employees in IT/ITES sectors.
"IT sector pays high salaries in India-so I want to become an IT professional",I am coming across this statement very often now-a-days.I am not trying to point that it is wrong.I may also say the same if I am not an IT professional.
The highest salary paid in IIIT-Hyderabad campus is Rs.8.4 Lakh per annum for a BTech graduate.A BTech graduate from other disciplines is paid a maximum of 1.5 Lakh per annum in their respective sectors.This is a large gap(6:1 ratio).So almost all graduates are shifting to IT by acquiring the required skills from coaching institutes .
The brutal murder of 24-year-old Pratibha Srikanth Murthy, who worked at the HP GlobalSoft call center has made me think , How many potential Entrepreneurs,Researchers,IAS/IPS/IFS officers,Chartered Accountants,Bank managers,Lawyers,Judges,writers,....... are taking up the call center jobs,because they need money? Working in the night,sleeping in the day is against biological clock but many youngsters are used to it.What I feel is youngsters must think BIG.
Coming to the work done in IT sector.90% of it is not up to the standard, but people are satisfied with their work because of big bucks.It is upto the youngsters to show the world that India is not only capable of support work of a company but also core and fundamental work.This will happen when India Inc. comes up with a revolutionary startup like Google.I am happy to know that effort is put in this direction.I also want to be part of it.This include barcamps,Technology Business Incubation units are opened in IITs and some of the other schools.They encourage the students to establish startups to carry out work in fundamental areas.Kritikal solutions,Kanwal Rekhi School of Information and Technology, are some of them.I hope many more institutes work towards such initiatives.Indian government must back them up.
Although IT sector pays high salaries compared to other sectors.The hype is so much that a lay man started considering IT employee as an ambani or a Tata.Also companies in service sector doesn't pay so much particularly for a fresher.Instead of the average salary metric ,the maximum salary metric is more advertised.This may be the cause of hype.Take places like Miyapur,Kondapur and Madhapur in Hyderabad (may be the same with IT boom cities) .This is the belt that surround the IT companies.The standards of living in these places is double compared to other areas Why?Simply because the support landlords,house-maids,food joints think that software people swim in the money like Scrooge Mc Duck of Ducktales.One will faint easily looking at the prices in the menu of any road-side restaurant in these areas.So my room-mate and I am cleaning the house by ourselves,washing clothes and are planning to cook.
May be I overeacted when our landlord increased the rent by a high amount all of a sudden and looked as if it is his right to do so because we are earning sooo much according to him
"IT sector pays high salaries in India-so I want to become an IT professional",I am coming across this statement very often now-a-days.I am not trying to point that it is wrong.I may also say the same if I am not an IT professional.
The highest salary paid in IIIT-Hyderabad campus is Rs.8.4 Lakh per annum for a BTech graduate.A BTech graduate from other disciplines is paid a maximum of 1.5 Lakh per annum in their respective sectors.This is a large gap(6:1 ratio).So almost all graduates are shifting to IT by acquiring the required skills from coaching institutes .
The brutal murder of 24-year-old Pratibha Srikanth Murthy, who worked at the HP GlobalSoft call center has made me think , How many potential Entrepreneurs,Researchers,IAS/IPS/IFS officers,Chartered Accountants,Bank managers,Lawyers,Judges,writers,....... are taking up the call center jobs,because they need money? Working in the night,sleeping in the day is against biological clock but many youngsters are used to it.What I feel is youngsters must think BIG.
Coming to the work done in IT sector.90% of it is not up to the standard, but people are satisfied with their work because of big bucks.It is upto the youngsters to show the world that India is not only capable of support work of a company but also core and fundamental work.This will happen when India Inc. comes up with a revolutionary startup like Google.I am happy to know that effort is put in this direction.I also want to be part of it.This include barcamps,Technology Business Incubation units are opened in IITs and some of the other schools.They encourage the students to establish startups to carry out work in fundamental areas.Kritikal solutions,Kanwal Rekhi School of Information and Technology, are some of them.I hope many more institutes work towards such initiatives.Indian government must back them up.
Although IT sector pays high salaries compared to other sectors.The hype is so much that a lay man started considering IT employee as an ambani or a Tata.Also companies in service sector doesn't pay so much particularly for a fresher.Instead of the average salary metric ,the maximum salary metric is more advertised.This may be the cause of hype.Take places like Miyapur,Kondapur and Madhapur in Hyderabad (may be the same with IT boom cities) .This is the belt that surround the IT companies.The standards of living in these places is double compared to other areas Why?Simply because the support landlords,house-maids,food joints think that software people swim in the money like Scrooge Mc Duck of Ducktales.One will faint easily looking at the prices in the menu of any road-side restaurant in these areas.So my room-mate and I am cleaning the house by ourselves,washing clothes and are planning to cook.
May be I overeacted when our landlord increased the rent by a high amount all of a sudden and looked as if it is his right to do so because we are earning sooo much according to him
Tuesday, March 14, 2006
My Dad's Gift AP 09 BB 6324
At last "my" problem of commuting from one place to another is solved.My pappa(father) gifted me a bike.It's grey metallic Honda Unicorn.I tried out both Bajaj pulsar and Unicorn.Then finalised Unicorn because it is of my type :-).I was happy for buying one of the best bikes in the market.But at the same time I am confused and panic because I was a no-vice driver.This is the first-ever bike in my life.I was used to Bajaj Scooter only.That too in Ongole(my home-town) where the traffic is not even one-hundredth of Hyderabad.
Seeing my poor condition my dad decided to give me a driving hands-on tutorial by instructing me siting on the back-seat.Does it sound strange(Bike-Driving Tutorials!!!)?My fathere is my alchemist(Paulo Coelho).I was weak at geometry in high-school especially I used to feel hell-like to draw incircle.My father learned the method from me and taught me the easiest approach to do the job.Ths fact is he is from Biology background(Masters in Vet Sciences).
My classes started and went on for five hours.
Hour 1: My father told me to first get acquainted with changing gears.Its critical to use the right gear at the right time.I practised the process for a few minutes keeping the bike still i.e., first gear down then neutral then second so on fifth.Then we slowly rode off to a petrol bunk.He told me to get the tank filled,check the fuel guauge.It is a good habit to keep track of mileage given by the bike.My bike is giving 50-55 mileage.
Hour 2,3: He told me to drove to Ameerpet.Ameerpet road is the busiest in Hyderabad.I was totally shaken at the sight of the traffic.Irony is I never got an opportunity to feel the real heat of traffic as I was always packed inside the city bus when ever I traveled to Ameerpet. He told me not to get confused.Just maintain proper balance of the vehicle holding on to clutch and brakes.Then slowly move on when ever you get an opportunity.Don’t hurry and at the same time don’t relax.Following his instructions I tried moving in the gully and successfully got out of the maze.I felt as if I got a Olympic gold medal.
Hour 3,4: My father was going to Sholapur on some official work.So we drove off to Secunderabad Railway Station.At one instant in our journey the traffic signal was about to go red.I was confused whether to move on or wait.He asked me to increase the speed a bit and carefully cross the road before the signal goes red.But I was confused.I was going slowly on fourth gear.The bike stalled exactly at the junction.Then the signal went red for my side and green for the other.I was sweating seeing the vehicle stream rushing towards me.The traffic police was shouting at us.Then My father told me to calm down,use the electric start, and immediately get out of junction.I followed the instructions and got out of ‘chakravyuha’ .Funny thing is I was doing all sort of things that delay my efforts to get out of the confusion.I was switching on lights changing gears what not but not at all using the electric start mechanism.
Hour 5: This hour is review of the show put on by me in the past four hours.As he always did, my father encouraged me and praised me that I picked up driving in the busy traffic faster than he did.I was worrying about the signal incident.He said “It’s all common.But take care of your driving and driving of others on the road.Others because not only the mistakes done by you but by others on the road can cost you.There is no hurry.Don’t travel at high speeds.While speeding up or speeding down estimate the movement of the other vehicles on the road.What ever you give an indication to others on the road that you are speeding up or down through indicators.In case of speeding up if you cannot estimate better continue with your speed.In case of speeding down give an indication to the vehicles behind you before slowing down.Above all be careful and always wear your helmet.Again there is no hurry.Be calm and cool while driving.”
After that I returned to my room safely.I had a smooth ride.
Now I am comfortable with my driving even in the busiest of the busiest roads.All this is because of the confidence given by my father.I got my bike registered and its number is …(you guess?).
Happy Biking!!
Seeing my poor condition my dad decided to give me a driving hands-on tutorial by instructing me siting on the back-seat.Does it sound strange(Bike-Driving Tutorials!!!)?My fathere is my alchemist(Paulo Coelho).I was weak at geometry in high-school especially I used to feel hell-like to draw incircle.My father learned the method from me and taught me the easiest approach to do the job.Ths fact is he is from Biology background(Masters in Vet Sciences).
My classes started and went on for five hours.
Hour 1: My father told me to first get acquainted with changing gears.Its critical to use the right gear at the right time.I practised the process for a few minutes keeping the bike still i.e., first gear down then neutral then second so on fifth.Then we slowly rode off to a petrol bunk.He told me to get the tank filled,check the fuel guauge.It is a good habit to keep track of mileage given by the bike.My bike is giving 50-55 mileage.
Hour 2,3: He told me to drove to Ameerpet.Ameerpet road is the busiest in Hyderabad.I was totally shaken at the sight of the traffic.Irony is I never got an opportunity to feel the real heat of traffic as I was always packed inside the city bus when ever I traveled to Ameerpet. He told me not to get confused.Just maintain proper balance of the vehicle holding on to clutch and brakes.Then slowly move on when ever you get an opportunity.Don’t hurry and at the same time don’t relax.Following his instructions I tried moving in the gully and successfully got out of the maze.I felt as if I got a Olympic gold medal.
Hour 3,4: My father was going to Sholapur on some official work.So we drove off to Secunderabad Railway Station.At one instant in our journey the traffic signal was about to go red.I was confused whether to move on or wait.He asked me to increase the speed a bit and carefully cross the road before the signal goes red.But I was confused.I was going slowly on fourth gear.The bike stalled exactly at the junction.Then the signal went red for my side and green for the other.I was sweating seeing the vehicle stream rushing towards me.The traffic police was shouting at us.Then My father told me to calm down,use the electric start, and immediately get out of junction.I followed the instructions and got out of ‘chakravyuha’ .Funny thing is I was doing all sort of things that delay my efforts to get out of the confusion.I was switching on lights changing gears what not but not at all using the electric start mechanism.
Hour 5: This hour is review of the show put on by me in the past four hours.As he always did, my father encouraged me and praised me that I picked up driving in the busy traffic faster than he did.I was worrying about the signal incident.He said “It’s all common.But take care of your driving and driving of others on the road.Others because not only the mistakes done by you but by others on the road can cost you.There is no hurry.Don’t travel at high speeds.While speeding up or speeding down estimate the movement of the other vehicles on the road.What ever you give an indication to others on the road that you are speeding up or down through indicators.In case of speeding up if you cannot estimate better continue with your speed.In case of speeding down give an indication to the vehicles behind you before slowing down.Above all be careful and always wear your helmet.Again there is no hurry.Be calm and cool while driving.”
After that I returned to my room safely.I had a smooth ride.
Now I am comfortable with my driving even in the busiest of the busiest roads.All this is because of the confidence given by my father.I got my bike registered and its number is …(you guess?).
Happy Biking!!
Subscribe to:
Posts (Atom)