Day Traders Lounge.

[XRAY27]

7th pay commission report due , govt employees salary about to rocket , what about traders

For traders "BABA JI KA TULLU" ......... removel of IT Audit U/S 44AD for traders in FNO is pay commission for traders:annoyed:

 

[copypasteaee]

For traders "BABA JI KA TULLU" ......... removel of IT Audit U/S 44AD for traders in FNO is pay commission for traders:annoyed:

salried also get baba ji ka thullu. hypes created by media that cpc gives so much.

you have two component of salary. fixed + variable (% of fixed)

on 01.01.2016 it is assumed the variable will be 120% of fixed. so what they will do, they will reset the variable component to zero and add this 120% to fixed part. effectively the employees will get same base salary but for ppl their salary is increased 2.20 times. But ppl dont realize they are already getting this salary. Although some allowances will increase...

PS: I am not government employee, my brother is in railways so know the inside story

 

[TradeOptions]

salried also get baba ji ka thullu. hypes created by media that cpc gives so much.

you have two component of salary. fixed + variable (% of fixed)

on 01.01.2016 it is assumed the variable will be 120% of fixed. so what they will do, they will reset the variable component to zero and add this 120% to fixed part. effectively the employees will get same base salary but for ppl their salary is increased 2.20 times. But ppl dont realize they are already getting this salary. Although some allowances will increase...

PS: I am not government employee, my brother is in railways so know the inside story

Brother, I am not being able to understand it. If possible, explain this in more simple manner, by taking a practical example.

Suppose your brother is getting 1 lac total monthly pay at the current time, then how will his net pay get affected after this pay commission thing get implemented. Wont it become around 2 lac ?

Most of the common people assume that the govt employees pay get doubled after every ten years when such pay commissions gets implemented. Is that not true ?

Thanks

PS: I have zero practical knowledge about the real methods involved in such salary calculations.

 

[TradeJoker]

We traders have around only 220 days a year, we need to earn at least Rs.1000 per day for 2.2lac , This is equal salary of a 10 or 12 passed govt clerk's annual salary

 

[Smart_trade]

We traders have around only 220 days a year, we need to earn at least Rs.1000 per day , This is equal salary of a 10 or 12 passed govt clerk

For earning like an IAS officer we need to trade on a capital of 7 to 10 Lakhs or more, we cannot think of earning Rs 1000 per day. Problem is traders will trade on a Rs 50 K or 100 K capital and then expect money like IT professionals.

Smart_trade

 

[TradeJoker]

Bajrangi bhaijaan.. nice family movie..no item songs , no gaali dialogues

 

[TraderRavi]

We traders have around only 220 days a year, we need to earn at least Rs.1000 per day for 2.2lac , This is equal salary of a 10 or 12 passed govt clerk's annual salary

govt college lectures/ professors got high benefit through 6th pay commision, mostly teachers here as no industry etc, lecturers 8-9 lakh per annum to 14-15 lakh for professors , at a small place like mine this type salary is king size ,as nothing to spent on here except land /house etc. and 7th pay commision will increase this already high pay to much more

 

[Smart_trade]

On our evening walk on a rainy day we decided to have hot Vada Pav and went to a nearby joint. It is a joint which serves only Vada Paav and and has no chairs , tables etc...just a counter selling the eatables...as it was raining we started talking to the owner.We told him that he has got a very good site , a shop in busy college crowded road . The owner remarked " yes but the rent also is very good" . He pays Rs 80,000 pm as a rent ...I was so surprised....then asked him how much is his collection per day ?? His daily collection selling a vada paav at Rs 12/- is between Rs 25 K to 40 K...assuming the mean collection of 30 K and 50 % profitability, his daily profit is Rs 15 K or monthly Rs 4.5 L...from that the rent, payoffs to police, local dadas ( goons) , local corporators etc...still he makes a good money at the end of the month.

The roadside businesses give good profits with low investments but it requires different skills to do such businesses. In normal business ( like chemist shop etc), the investment is also fairly large to get good returns.

Smart_trade

 

[Smart_trade]

govt college lectures/ professors got high benefit through 6th pay commision, mostly teachers here as no industry etc, lecturers 8-9 lakh per annum to 14-15 lakh for professors , at a small place like mine this type salary is king size ,as nothing to spent on here except land /house etc. and 7th pay commision will increase this already high pay to much more

Yes college professors and armed forces officers, bank officers got the maximum advantage...but those salaries are common now...a private bank middle level officers salaries these days are over Rs 1 Lakh per month...

ST

 

[XRAY27]

govt college lectures/ professors got high benefit through 6th pay commision, mostly teachers here as no industry etc, lecturers 8-9 lakh per annum to 14-15 lakh for professors , at a small place like mine this type salary is king size ,as nothing to spent on here except land /house etc. and 7th pay commision will increase this already high pay to much more

i'm in a group of lecturers..but as said my ST da we should earn like IAS...but with margin increase from OCT... income will be effected