Day Traders Lounge.

[Smart_trade]

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 :(

Why ? If one wants to make IAS officers salary then we cannot be trading in 25 and 50 nifty...we ought to be trading in 500-1000 NF and we have to put up sufficient margins for that....that is all. Margin per NF is not increasing but lot size is increasing to 60 NF probably....for regular traders this should be of no difference.

But for beginers who are starting on 1 lot ( 25 NF ) it will make a difference as they have to trade min 60 and with higher margins...

ST

 

[TradeJoker]

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

Don't worry, GST , 16% tax is implementing to give salaries without trouble

 

[TraderRavi]

Don't worry, GST , 16% tax is implementing to give salaries without trouble

you are earning greater than your earlier salary kya ji ?

 

[TradeJoker]

you are earning greater than your earlier salary kya ji ?

I've no regular earnings right now, I'm a part time p g student now

 

[tvtaddy]

It is really good idea to chit chat about trading and it will help all of our trader community to make profit.

 

[XRAY27]

Why ? If one wants to make IAS officers salary then we cannot be trading in 25 and 50 nifty...we ought to be trading in 500-1000 NF and we have to put up sufficient margins for that....that is all. Margin per NF is not increasing but lot size is increasing to 60 NF probably....for regular traders this should be of no difference.

But for beginers who are starting on 1 lot ( 25 NF ) it will make a difference as they have to trade min 60 and with higher margins...

ST

I thought increase of lot size along with margin..i'm in the group of 500 qty for NF and for option 1000 qty..

 

[amitrandive]

 

[copypasteaee]

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.

Say Your fixed basic pay is 10000 Rupees.

You get a dearness allowance which is 120% of your basic i.e. 10000x 1.20 = 12000/-

So your total salary (with out other allowance like medical, hra, local trav all etc) is 10k + 12k = 22k Rs

So after pay commission they will merge Dearness allowance with basic pay i.e. new basic pay will be 22k Rs and they will reset the dearness allowance counter to zero. So the employee will be getting same base salary of 22k as before.

the biggest benefit the employee will have is the for allowance like HRA the base amount will be 22 k instead of 10 k. say employee lives in city with 10% HRA then his house rent allowance will be 2200 Rs instead of 1000 Rs. all other allowance are fixed so not major benefit in those like medical, LOTA etc..

 

[TradeOptions]

Say Your fixed basic pay is 10000 Rupees.

You get a dearness allowance which is 120% of your basic i.e. 10000x 1.20 = 12000/-

So your total salary (with out other allowance like medical, hra, local trav all etc) is 10k + 12k = 22k Rs

So after pay commission they will merge Dearness allowance with basic pay i.e. new basic pay will be 22k Rs and they will reset the dearness allowance counter to zero. So the employee will be getting same base salary of 22k as before.

the biggest benefit the employee will have is the for allowance like HRA the base amount will be 22 k instead of 10 k. say employee lives in city with 10% HRA then his house rent allowance will be 2200 Rs instead of 1000 Rs. all other allowance are fixed so not major benefit in those like medical, LOTA etc..

Thanks for the explanation.

 

[XRAY27]

NAMO VENKATESA

TTD opens demat account on Balaji's name to enable devotees to donate shares and securities

Balaji, the world's richest god at Tirupati, has now opened a demat account to enable devotees to donate shares and securities, after finding it a tedious task to get physical share certificates dropped in Hundi transferred on his name.

Considered the first globally for a shrine management, Tirumala Tirupati Devasthanams (TTD) has opened demat account (1601010000384828) with the Stock Holding Corporation of India.


Source :economictimes