Monday, June 11, 2007

Tax Returns - A Guide

Come the month of June or July and it is time to file the income tax returns.
By this time, individuals will have received Form No.16 (Salary income)
Form No.16A (tax deducted on Other Income).

Obligations of filing tax returns :
It is a legal obligation for every individual to file a return of income, whose taxable income during the year has exceeded the exemption limit of Rs 100,000 (Rs 135,000 in case of females and Rs 185,000 in case of senior citizens). Not Applicale to NRIs.

Documents to keep ready:
  • Form No. 16 (received from the employer): This will help to know your income from salary and tax deducted by your employer from your salary income.
  • Form No. 16A (received from all the payers who have deducted tax): You will first have to get this form collected from the parties who have deducted tax while making payment to you during the year. This includes banks and companies (with whom you have kept fixed deposits), parties to whom you have given loan, tenant to whom you have rented your property, et cetera.
  • Summary of all bank accounts operated during the year: This summary will give an idea about all the income earned during the year and investments and expenditure incurred. This assures that no part of income is left out and you do not miss out any eligible deductions.
  • Details of property owned during the year: If you have bought some property during the year, you will need details of rent received and receipts of municipal tax paid during the year. In addition to this, if you have taken this property through a loan, do carry the loan details and a copy of certificate of interest paid during the year.
  • Sale & purchase bill / documents / contract note in respect of investments / assets sold during the year: You will also need purchase documents corresponding to the sales made during the year. In case of a large number of transactions, it is advisable that you prepare a statement of sale and corresponding purchase of these investments and arrive at the amount of profit or loss, before actually calculating your taxable income.
  • Details of tax payments made during the year: This is required only if you have made advance tax payment during the year.

Form No ITR No 1 for salaried income.

Last date for filing tax returns:The last date for filing return of income for the year ended March 31, 2007 is July 31, 2007 and for individuals who are required to get their books of accounts audited under the Income Tax Act, it is October 31, 2007.If individuals file their returns after the last date mentioned above, they will be charged a penal interest at the rate of 1% per month of delay.

Thursday, June 7, 2007

TCS ILP (Initial Learning Programme) Training Centres.

Technopark Campus,Karyavattom,Trivandrum - 695581

Kalinga Institute of Industrial Technology,Deemed University,
Campus 1Bhubaneswar 751 024.

K.R.V. Towers126 - G Sengupta Street, RamnagarCoimbatore - 641009.

CMC Centre, GachibowliHyderabad - 500019.

CMC Limited, Bhale EstateWakdewadi15-A-1,
Mumbai-Pune Road,Opp. Balaji ShowroomPune - 411003.

You get your joining after the completion of your course.

Some Facts for Freshers (ILP)

  • Once you are assigned to join a particular Initial Learning Programme (ILP), we shall not be in a position to entertain any requests for change of either the Training location or the dates.
  • TCSL will not be responsible for the travel arrangements to the Training Centre. Also, the travel expenses will NOT be reimbursed by TCSL.
  • You will be provided accommodation during your training period.Please note that you will NOT be paid House Rent Allowance (HRA) for your training period.
  • You have to carry the Originals of all the documents at the Training Centre
  • Food is available at subsidized rates and expenses towards the same have to be borne by you (the trainees).
  • TCS ensures that you are intimated of the ILP Joining date at least 20 days in advance
  • The ILP center mentioned in your Joining Letter is non-negotiable and The ILP dates cannot be rescheduled
  • The duration of the ILP is nine weeks.
  • Trainees are given time off after the ILP training and there is a relocation gap of maximum 4 days. The trainees have to take care of their own travel arrangements. The Second A/C train fare from the ILP Training centre to the respective base branch shall be reimbursed by TCS .
  • Original as well as the attested documents should be carried to the ILP Centre.The documents can be attested by anyone of the following authorities: 1) Manager of a nationalized bank where the candidate holds an account 2) District Collector of the district in which the candidate resides 3) Gazetted Officers 4) Tehsildar of the village
  • You can bring Course Completion Certificate issued by the Head or Director in case you do not have the Provisional Certificate. However, this is a temporary arrangement and the Provisional Certificate should be submitted before the completion of the ILP.
  • You will need to use a Rs. 100 stamp paper ( 100*1 or 50*2 or 20*5) for Service Agreement. The stamp paper has to be purchased in the name of the trainee.
  • The duration of the Service Agreement is of two years. The agreement has to be signed by only one surety. A Surety can either be an individual who is an Income Tax payee/ possesses landed property. In case the surety is an Income tax payee, then the Original or attested photocopy of LATEST Form 16 else Form 2 D/ IT Returns
  • If You are not able to arrange a Surety then Submit a Fixed Deposit 'Assigned to Tata Consultancy Services Ltd' in the trainee's name, for an amount of Rs. 50,000/- deposited in any of the nationalized banks.
  • A birth certificate is a mandatory document. Incase of non availability of the same, trainees are requested to apply for it. As a temporary arrangement trainees may produce an affidavit on a Rs. 10/- Stamp paper containing their name, place and date of birth in English . The trainee will have to translate the certificate in English and make an affidavit of the English document

Its very difficult yaar many formalities.

TCS Offices across India

Mumbai (Akruti)
HR Executive – Recruitment
Tata Consultancy ServicesAkruti Business port,Ground Floor,
Road No. 13,MIDC, Andheri (East),Mumbai – 400 093.
Tel.5668 6868 Fax.5668 6850

HR Executive (Recruitment)
Tata Consultancy ServicesPlot B1,Salt Lake Electronics Complex,
Calcutta 700 091. Tel. 033-2333 9699Fax 033-2357 3339

HR Officer (Recruitment)
Tata Consultancy Services5th Floor, PTI Bldg.,4, Parliament Street, New Delhi - 110 001.
Tel. 011- 5550 6555/23712119Fax 011-23311735

HR Executive (Recruitment)
Tata Consultancy Services'B' Block, 2nd Floor, No.1,Jawaharlal Nehru Road,
Vadapalani,Chennai - 600026. Tel. 044- 5550 5555Fax. 044- 23623504

HR Executive (Recruitment)
Tata Consultancy ServicesSJM Towers, 18, Seshadri Road, Gandhinagar,
Bangalore - 560 009. Tel. 080-238 8000 / 220 7502Fax. 080-2220 7510

HR Executive (Recruitment)
Tata Consultancy ServicesDeccanpark, Madhapur,Hyderabad - 500 081.
Tel. +91 40 55672038Fax. 040-5567 2222

HR Executive (Recruitment)
Tata Consultancy ServicesNiyati Tiara Ground Floor,S.No 103/A/129 CTS1995,
Nagar Road, Yerawada,Pune – 411 006. Tel.6608 7777 Fax.6608 7107

HR Executive (Recruitment)
TCSL Infocity,Info Tower 1-5th floor,Gandhinagar-Airport Road, Gandhinagar -382009.
Tel. 079-6671 2600

HR Executive (Recruitment)
Tata Consultancy ServicesTechnopark Complex,Karyavattomp.o.,
Thiruvananthapuram - 695 581. Tel. 0471-416 671Fax. 0471-416 682

HR Executive (Recruitment)
Tata Consultancy Services7th Floor, Voltas House,Main Road, Bistupur,
Jamshedpur – 831 001.Tel. 0657 2437527/6413/6414 2420641

HR Executive (Recruitment)
Tata Consultancy ServicesTulsi Ganga Complex, 19 - C, Vidhan Sabha Marg,
Lucknow - 226001. Tel. 0522- 237472 / 2237390 Fax. 0522-2237445


Thursday, March 29, 2007

Tuesday, March 20, 2007

Vision 2010

TCS has the great vision of being among the Global top 10
IT companies by the year 2007 !

All employees and associates are requested to support for the
cause by giving full potential to the company.