FYI - Prize money

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Sunaina Mitra

@sunaina02

Inactive

+ 6

Posted: 14 years ago

As far as i know about 30 percent is always deducted as Govt. tax from all prize money in India , therefore 70,000 is what Shravan was expected to reveive.

And that 30,000 wont make much of a difference . By the way 100,000 or 70,000 is nothing relative to the life-style shravan is used to - so it will vanish soon. 😊

Edited by sunaina02 - 14 years ago

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maris

@maris08

Rocker

Posted: 14 years ago

well said su...

for a guy like shravan even 70,000 will vanish quickly.. then the real meaning of responsiblity will hit him

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Lord_Aragon

@Lord_Aragon

Inactive

Posted: 14 years ago

Originally posted by: sunaina02
As far as i know about 30 percent is always deducted as Govt. tax from all prize money in India , therefore 70,000 is what Shravan was expected to reveive.

And that 30,000 wont make much of a difference . By the way 100,000 or 70,000 is nothing relative to the life-style shravan is used to - so it will vanish soon. 😊

Yups.. ryt sunaina.. 30% is indeed the gift tax in india on all the prize moneys..

thats why even in Kaun Banega Crorepati .. you get 70 Lacs in hand...

And believe me.. 70K is not a good sum to even pass a month.. let alone a lyf.. when you have to sustain a family...

I like the romance part.. but now if the show wants to be real.. they should also depict that how these 70Ks are used to generate more money for both of them.. shravan can open some motor garage for beginning and then proceed...

Really.. if this serial builds on that part.. it would be the most complete serial ever 😊

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Sunaina Mitra

@sunaina02

Inactive

+ 6

Posted: 14 years ago

^^^

You are right. 70,000 is nothing .

If you go to a multiplex with your wife and two kids , before you know 1000 rs gone from your pocket. 😔

By the way you seen to be a good entrepreneur👍🏼

Edited by sunaina02 - 14 years ago

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monar

@monar

Sparkler

+ 2

Posted: 14 years ago

trust me there is not point of bringing logic in Indian Serials (for that instance any serial), and you're right as u mentioned 70K is relatively too less for any rich brat and dont know how long will that last.. He better should start looking for better career opportunities..

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monar

@monar

Sparkler

+ 2

Posted: 14 years ago

Originally posted by: Lord_Aragon

And believe me.. 70K is not a good sum to even pass a month.. let alone a lyf.. when you have to sustain a family...

I certainly don't agree to this.. its too relative to conclude..

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Lord_Aragon

@Lord_Aragon

Inactive

Posted: 14 years ago

Originally posted by: sunaina02
^^^

You are right. 70,000 is nothing .

If you go to a multiples with your wife and two kids , before you know 1000 rs gone from your pocket. 😔

By the way you seen to be a good entrepreneur👍🏼

Hahaha.. nothin like that.. if i have to get married in a year or two.. better i should understand these vagaries of life.. and being a finance graduate.. i am supposed to be good at finacial planning :P :P

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Lord_Aragon

@Lord_Aragon

Inactive

Posted: 14 years ago

Originally posted by: monar

I certainly don't agree to this.. its too relative to conclude..

Let us do some mathematics ....

House rent in a Metro ( For a 2BHK) : Rs 10K Ball-Park Figure

Vehicle Expenses ( Assuming one car ) : 2000k-3000k

Household Expenses : Between 10k-15k ( Including your fooding , electricity bil etc)

If taken a housing loan or education loan : 10-15 K ( EMI) : Too be conservative

Enetertainment / Going Out : Rs 1000-Rs 2000.

Then you want to invest in some schemes for tax planning and savings: Lets Say 5-10K

So you would be left for about 20 K a month...

i am not saying ki people will not survive.. everybody has theor won lifestyle

but people shpuld not be cntend with this... with the inflation rates in india...

we should always strive for more.. coz now tha talent is attracting serious money out here...

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monar

@monar

Sparkler

+ 2

Posted: 14 years ago

Originally posted by: Lord_Aragon

Let us do some mathematics ....

House rent in a Metro ( For a 2BHK) : Rs 10K Ball-Park Figure

Vehicle Expenses ( Assuming one car ) : 2000k-3000k

Household Expenses : Between 10k-15k ( Including your fooding , electricity bil etc)

If taken a housing loan or education loan : 10-15 K ( EMI) : Too be conservative

Enetertainment / Going Out : Rs 1000-Rs 2000.

Then you want to invest in some schemes for tax planning and savings: Lets Say 5-10K

So you would be left for about 20 K a month...

i am not saying ki people will not survive.. everybody has theor won lifestyle

but people shpuld not be cntend with this... with the inflation rates in india...

we should always strive for more.. coz now tha talent is attracting serious money out here...

I am not intended to prove you wrong I just don't agree, i mentioned its relative, and in india this relativity have several dimensions and magnitudes, certainly in the context of Rich "elite class" 70K might be an hr expense.

regarding mathematics - dude I suck in financial accounting so can't comment much, but I still disagree..

btw, I think people should feel content and keep striving for better..