Tax slabs have not changed since financial year FY 2014-15 (assessment year AY 2015-16). Income tax slab rates are same for these 3 financial years – FY 2014-15, FY 2015-16 and FY 2016-17 and Tax Slabs are same for both Men and Women.
For Men and Women Below 60 Years Of Age
Income Tax Slab
Income Tax Rate
Income upto Rs. 2,50,000
Nil
Income between Rs. 2,50,001 – Rs. 500,000
10% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 – Rs. 10,00,000
20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000
30% of Income exceeding Rs. 10,00,000
Education cess @ 3 % ( on total tax computed ) will be added to derive the Final Income Tax that you ultimately pay.
For Senior Citizens (Age 60 years or more but less than 80 years)
Income Tax Slab
Income Tax Rate
Income upto Rs. 3,00,000
Nil
Income between Rs. 3,00,001 – Rs. 500,000
10% of Income exceeding Rs. 3,00,000
Income between Rs. 500,001 – Rs. 10,00,000
20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000
30% of Income exceeding Rs. 10,00,000
Education cess @ 3 % ( on total tax computed ) will be added to derive the Final Income Tax that you ultimately pay.
For Senior Citizens (Age 80 years or more)
Income Tax Slab
Income Tax Rate
Income upto Rs. 5,00,000
Nil
Income between Rs. 500,001 – Rs. 10,00,000
20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000
30% of Income exceeding Rs. 10,00,000
Education cess @ 3 % ( on total tax computed ) will be added to derive the Final Income Tax that you ultimately pay.
Note : There are no more separate income tax slabs for men and women. The slabs mentioned here are equal to both men and women.
Khairatabad Ganapati Deva in Hyderabad is one of the tallest Ganesha idols made in India during Ganesh Chaturthi festival.Late Mr. S. Sankarayya freedom fighter, in 1954 founded Sri Ganesh Utsav Committee, Khairatabad, Hyderabad. Since then every year it developed with the constant effort of Mr. S. Sankarayya’s family and friends and committee members.
The Ganesh idol of this place is one of the tallest in the world, averaging to 50 feet. Mr.S.Sankarayya’s brother Mr. S. Sudershan continuing the tradition of Ganesh Pooja in Khairatabad, Hyderabad successfully, since 61 years.
2015 Ganesh Idol was designed as Thrishaktimaya Moksha Ganapati. Gajendra Moksham epic was Lest side of the.
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For Khairathabad Ganesh imges of previous years, please click on below links .
Cognizant to invest Rs 500 crore to expand Hyderabad facility
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In a major booster for the IT sector in the city, IT major Cognizant on Wednesday announced that it would be investing over Rs 500 crore in expanding its Gachibowli facility in the city to accommodate another 8,000 professionals over the next few years.
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The IT major, which started it Hyderabad operations in 2002 with 180 people, currently employs 18,000 people across five facilities in the city. The Gachibowli campus is the sole facility owned by the company while the rest, spread out in Ameerpet and Hitec City area, are leased.
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With its latest investment, the company will be adding a built-up area of 1.5 million sq ft on its 11-acre Gachibowli campus, which has an existing 2.25 lakh sq ft facility, the company said in a statement.
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Currently, the Hyderabad campus is Cognizant’s primary center for industry aligned business process services.
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Commenting on the expansion plans, Cognizant vice-chairman Lakshmi Narayanan said, “Cognizant’s investment in Hyderabad underscores our commitment to grow our operations in the city and tap into the region’s best-in-class talent. Our Hyderabad center is an important part of our integrated global delivery capability and represents our continued success in hiring the best talent to support our ever expanding range of services, industries, and geographies.” Through its centres in the city, the company provides a host of services like consulting, enterprise applications, IT infrastructure, and business process services to over 300 of its global clients in sectors spanning banking and financial services, insurance, retail, hospitality, manufacturing and life sciences.
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This apart, the company has hired over 8,000 fresh graduates over the past five years from around 20 engineering, management, science, arts and commerce colleges in the region.
The Telangana government and Solar Energy Corporation of India (SECI) have convened a preliminary meeting of solar power producers before issuing tenders for the proposed 1,000 megawatt solar power plant at Mahboobnagar.
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“About 20 potential bidders have met SECI chairman Rajendra Nimje and director Ashwini Kumar and APIIC vice-chairman Jayesh Ranjan on today. Most companies were eager to participate in the tender for the solar power project,” Narendra Surana, the president of Solar Power Producers Association of India and the managing director of Surana Ventures said.
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The companies whose representatives attended the meeting include Tata Solar, Surana Ventures, Emvee Solar, Waree Energy, Photon Energy, and Welspun Energy.
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Mr Surana said the infrastructure for the project – the largest solar power park in India- is already in place and the power could be evacuated in just six months after its project’s commencement.
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The park will be built on plug and play model and solar developers will be able to set up power plants in a much shorter time frame of 3 to 6 months.
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Apart from the 1,000-MW project, Mr Surana said the Solar Power Producers Association has requested the Telangana government to set up smaller 200-MW solar power project in all 10 districts, which could put to use barren land in the state and help the government to tide over the power crisis in the state.
Telangana signs MoU to buy 1,000 MW from Chhattisgarh
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Telangana on Nov 3rd, 2014 signed a memorandum of understanding (MoU) with Chhattisgarh for purchase of 1,000 MW electricity.
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Chief minister K Chandrashekhar Rao, who arrived in Raipur on Sunday, met Chhattisgarh CM Raman Singh on Monday following which Telangana principal secretary (energy) S K Joshi and his Chhattisgarh counterpart Aman Singh signed the MoU on behalf of their respective states. An official release issued by the Telangana government said Chhattisgarh had responded positively to its proposal to supply another 1,000 MW in future.
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As against the demand of 6,800 MW, Telangana is now able to meet only 4,400 MW and the severe power crisis prompted KCR to approach the BJP government of Chhattisgarh. As a next step, the officials said, the two governments would formalize a power purchase agreement (PPA) once the Chhattisgarh Electricity Regulatory Commission (ERC) decides the price of the power.
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“The meeting was held in a cordial atmosphere where both sides were accommodative to each other’s concerns,” said a Telangana senior official.
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Chandrasekhar Rao thanked Raman Singh as the former addressed a small gathering comprising ministers and officials from both the states and the media.”People of Telangana and Chhattisgarh are close to each other since the time of Kakatiyas ruled the region. I am thankful to Raman Singh and his government for the support we received from them at a time of dire need,” said KCR.
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As the completion of the procedure and civil works to connect with Chhattisgarh require time, Telangana is exploring the possibility of purchasing power in the interim from neighboring Maharashtra, said the release.
Tata Power to set up 1000 MW thermal plant in Telangana
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Tata Power has offered to set up a 1000 mega watt thermal power plant in Telangana. In addition, the company also offered to provide roof-top solar installations and energy plantations for biomass based power generation.
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The company made the offer during a meeting of its senior representatives, including Anil Sardana, CEO and managing director, with chief minister K Chandrasekhar Rao at the Secretariat on Friday. The company informed the chief minister that it would establish thermal generation that will use either domestic or imported fuels on tolling basis and on a design, build, finance, own, operate and maintain basis.
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Besides the coal fired power project, Tata also offered its services to add solar power capacity and also establish a decentralised distributed generation system using solar power for rural areas. It will also set up roof top solar units and energy plantation on waste lands for biomass power, Tata Power chief executive officer Anil Kumar Sardana informed Mr. Rao.
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Regarding the thermal power plant, Mr. Sardana said it will use domestic or imported fuel on tolling basis and will be run on design, build, finance, own, operate and maintain basis. He added that Tata Power could act as a catalyst to develop amenities for world class smart cities with state of the art facility and services of power infrastructure.
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Mr. Rao asked the company to invest Rs. 30,000 to 40,000 crore for an integrated development of Hyderabad to make it a world class smart city.
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The delegation included Rahul Shah, Deepankar Tiwari and Madhu Kannan of Tata Sons and Tata Motors.
The Visakhapatnam airport braces itself to operate from Friday, six days after it was brutally ravaged by cyclone Hudhud
damaged Incubation Centre at the IT SEZ in madurawada, Vizag
one of the software companies in the IT SEZ, madurawada,Vizag lies in ruins after hudhud raged through vishakhapatnam
the roof of the new bar mill at the Vishakhapatnam Steel Plant
devasted vizag Airport after cyclone hudhud
devasted Vizag Airport after cyclone Hudhud
Vizag Big Bazaar after Hudhud Cyclone
a devasted petrol bunk in Vizag after Cyclone hudhud
a devasted petrol bunk in Vishaka Patnam after Cyclone hudhud
Cyclone Hudhud Blew Roof Off Vishaka Patnam Airport
Cyclone Hudhud brought the Visakhapatnam Airport, the biggest in Andhra Pradesh, down to rubble while also snapping all air connectivity
ravaged vizag after cyclone hudhud
Upturned boats and damaged buildings are pictured along the coast after Cyclone Hudhud made landfall in Visakhapatnam on October 13, 2014
a damaged beach road after Cyclone Hudhud
uprooted trees due to cyclone hudhud
Upturned boats are seen strewn along the coast after Cyclone Hudhud made landfall in Visakhapatnam on October 12, 2014
Upturned boats are seen strewn along the coast after Cyclone Hudhud made landfall in Visakhapatnam on October 12, 2014
Pawan Kalyan visited Vizag after cyclone hudhud
serpentian lines noticed for fuel in petrol bunks after of Cyclone Hudhud
devastation in vizag after cyclone hudhud
destroyed Vizag after cyclone Vizag
battered Vizag Airport after cyclone hudhud
battered vizag after cyclone hudhud
battered Vizag after cyclone Hudhud (2)
AP CM chandra babu naidu visting Vizag ti witness the damage caused by cyclone hudhud
a damaged road near coastal line after Cyclone Hudhud
a damaged road along coast line after cyclone hudhud
Vishakhapatnam Airport devasted after cyclone hudhud
A view of the steel section of the Hindusthan Shipyard Ltd.’s hull shop after Sunday’s Hudhud cyclone in Visakhapatnam on Tuesday. The cyclone blew off the roof and damaged equipment
Upturned boats are seen strewn along the coast after Cyclone Hudhud made landfall in Visakhapatnam on October 12, 2014
upturned and damaged fishingboats after cyclone Hudhudh
Power lines damaged by cyclone Hudhud
devasted Vizag Airport after cyclone Hudhud
cyclone hudhud uprooted trees along a road in Vizag
buses that were toppled by gutsy winds at BRTS road in Vishakhapatnam
Kailasgiri hills in Vizag city after cyclone hudhud. The area has been completely stripped of its green cover by the natural calamity
people scrable for food and water packets being distributed at the collectorate in the Vizag city
PM Narendra Modi visted ravaged Vizag after cyclone hudhud
The Visakhapatnam airport braces itself to operate from Friday, six days after it was brutally ravaged by cyclone Hudhud
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India’s east coast has been pounded by a powerful cyclone, Hudhud, with winds of up to 205km/h (127mph).The cyclone has caused widespread damage to parts of Andhra Pradesh and Odisha states, The winds and heavy rains have damaged power lines and buildings and prompted the evacuation of 350,000 people from their homes.
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After ducking the devastating effects of the 2004 tsunami and the 1977 cyclone, the `City of Destiny’ sadly had its date with disaster on Sunday, 12th Oct 2014 when a very severe cyclonic storm Hudhud tore through the city, unleashing widespread destruction and bringing the otherwise bustling city of nearly 20 lakh people to a grinding halt.
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The cyclone, that made landfall in the Port City around noon, sent hoardings and tin roofs flying like saucers, shattered windows leaving the streets littered with glass shreds, toppled over statues of leaders in many places as well as landmarks like the replica of the navy airplane on RK Beach. Scores of electricity and telephone poles were knocked down and thousands of trees uprooted as strong gales accompanied by heavy rainfall lashed the city right from Sunday morning to evening.Essential services were disrupted and people remained indoors to escape nature’s fury.
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With winds touching a speed of around 205 kmph during landfall, waves as high as two to three metres surged along the Beach Road.
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Cyclone Hudhud blasted the eastern seaboard today with gusts of up to 205 kilometres an hour (over 120 mph), uprooting trees, damaging buildings and killing three despite a major evacuation effort.
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The port city of Visakhapatnam, home to two million people and a major naval base, was hammered as the cyclone made landfall, unleashing the huge destructive force it had sucked up from the warm waters of the Bay of Bengal.
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In fact, it is perhaps for the first time since the India Meteorological Department (IMD) was set up in 1891, that the Port City has found itself in the eye of such a storm.Even Phailin whizzed past the city on October 12, 2013 without so much as a whimper. And while Met experts had been confident of the city’s unique topography protecting it yet again, Hudhud’s ferocity left them flummoxed. The destruction started hours before the landfall forcing denizens to remain indoors. Many of them could not come out for hours. Vizag being a low-lying area flooding is a distinct possibility.
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Y K Reddy, director in charge, IMD Hyderabad, said: “Though Vizag does not witness too many cyclones, no topography can actually protect a place from cyclone.Even Vizag has only hills and hillocks, which can only protect it from a storm surge but not a cyclone with a height of roughly 10 km. It may have been the local atmospheric conditions that attracted the cyclone towards Vizag.“
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With the discom Eastern Power Distribution Corporation of AP Ltd switching off power in the wee hours of Sunday as a precautionary measure, the city was plunged into darkness and by afternoon telecom links snapped as networks crashed and landline and cell phones blipped off. All flights in and out of Vizag were suspended on Sunday due to the hostile weather conditions that reduced visibility to near zero and destroyed the innards of the airport. Several trains passing through the city were cancelled and road transport too came to a grinding halt as the National Highway-16 connecting Chennai to Kolkata and passing through the Port City was shut down from Saturday evening and people were advised not to venture out.
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Operations at the crucial Eastern Naval Command were hit, with damage to the naval base, naval air base INS Dega and residential quarters at Dolphin Nose hill. According to naval officials, 12 ships were on stand-by for evacuation and relief operations. Operations at ports like Visakhapatnam Port, Gangavaram Port and PSUs like Rashtriya Ispat Nigam Ltd and Hindustan Shipyard Ltd too were suspended and property in these places damaged by the ravaging storm. “This is the biggest disaster to have ever hit Vizag. The blasting sounds of the wind are very scary. God knows how we will survive this,” said Kala Kumari, her voice shaking tremulously before the eye of the storm hit the city.
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“The situation in Vizag is very serious. Telecommunications have been completely disrupted, impacting even our control room. Panicked people are calling up to find out if they have to be evacuated,” K Hymavathi, AP special commissioner for disaster management, told mediapersons.
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Cyclonic storm Hudhud which wreaked havoc in north coastal Andhra has also damaged Visakhapatnam Airport, snapping the air connectivity with this port city. Along with power and phone lines, the Visakhapatnam airport is also out of service. Sunday’s 200kmph winds of Cyclone Hudhud has virtually blown off its roof and wreaked havoc inside.
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While officials were unable to come out with a picture of the damages in the Port City, they said it would take weeks for Andhra Pradesh’s largest city to get back on its feet after the unprecedented blow.
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Prime Minister Marendra Modi Modi undertook an aerial survey of the affected areas , Cheif Minister of AP Chandra babu Naidu visted the cyclone hit areas to witness the devastation and oversea the relief operations.
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Pawan Kalyan also visited Vizag to express his solidarity and support apart from domnating 50 lakhs rupess.
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Prime Minister Narendra Modi announced an interim relief assistance of Rs 1,000 crore to Andhra Pradesh after personally reviewing the massive devastation caused by Cyclone Hudhud in the state. He also announced a compensation of Rs two lakhs to the kin of those killed and Rs 50,000 for those injured in the calamity.
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“I want to announce an interim assistance of Rs 1,000 crore to Andhra Pradesh. After a detailed survey, we will give whatever further assistance is required,” he said.
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He assured the state governments of Odisha and Andhra Pradesh that the central government will extend all possible help to them.
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Hudhud crashes Vizag’s nascent IT dreams
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The swanky building of the Vizag Startup Village, which was thrown open amid much fanfare less than a fortnight ago by Naidu himself, was a picture of destruction as its glass façade was blown to smithereens by cyclone Hudhud.
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What makes the tragedy worse is that the Startup Village, which is nothing but the new avatar of what was initially mooted as an incubation centre years ago by the previous regime, had managed to get off to a start only on September 29 this year, raising hopes of replicating the success story of Kochi Startup Village in Vizag, which has always lived in the shadow of Hyderabad. But this is not the only reason why the attempts of the AP government to reboot the IT sector in Vizag have received a major setback. The cyclone also ravaged the offices of most of the IT firms located at the picturesque Rushikonda IT Park.
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Some industry sources feel that the cyclone may have dented Vizag’s image as a safe IT destination and put paid to the Naidu government’s efforts to pitch the scenic Rushikonda as the most beautiful IT Park in the country .
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Many of the IT offices on Hill nos. 2 and 3 have been badly damaged and are expected to take days to be back on their feet as most IT offices have glass frontages that could not withstand the high wind speeds of around 195 kmph that rocked the city . The offices of companies like IBM, Symbiosys Technologies and Softsol at the Rushikonda IT Park have been hit badly , informed sources told TOI. While IBM officials were unavailable for comment, sources said it would be difficult for them to run operations due to lack of power, fuel and communication networks.
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Sans power supply , even IT firms that have not suffered any damage, have been forced to undergo productivity losses as they had to shut shop till the situation improves. “Even in companies where operations are partially on due to alternative power supply through gensets, many employees are unable to report to work due to petrol shortage in the city,“ said an IT industry source. “We are trying to get operations up and running. The internet service guys have no clue when they can get the networks running even if we have the capability to start operations. We are losing mobile connectivity frequently ,“ said Deepak Madala, Vizag IT Association President.
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What has irked the industry more is that despite the pro-IT noises being made by the present Chan drababu Naidu regime, none of the officials has even bothered to visit them.
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“Nobody has even bothered to check the status of the IT hills, be it GVMC, EPDCL or any of the ministries. We have no power or communication lines available for running operations. Things can come back to normal only after water and power supply are restored,“ said Rushikonda IT Park Association vice-president O Naresh Kumar.
My Take 