Are you used to doing things a certain way and can’t seem to break the habit? Old habits are hard to break which is why internet marketing can be tough if you do not evolve with the rest of the industry. You might have started doing things a certain way years ago, and found that they just don’t seem to work the same way they once did. That is not a coincidence that is actually the industry moving past you while you fail to evolve.
Consider changing things up in order to grow and evolve:


Approach: If something works online than great, but if it doesn’t work than you need to fix it. Marketing your business online is not the same as it was 3 years ago. Things change and you need to evolve with your approach otherwise you run the risk of cutting your audience short.

Brand: Is your online brand stale? Have you not rebranded your business since the day you started it? Branding online in today’s marketplace is very important. Customers really focus on brand recognition before they make purchases online and a stale non branded marketing approach online could work against any new potential sales.

Website: Consult a professional about your website if you haven’t touched it in five years. You might think it’s the cat’s bag but your audience might be seriously turned off by your website. Don’t outdate yourself by not updating your website. Design is very subjective but good design with strong conversion aspects is always going to be important. Don’t be stubborn about your website design and consult with someone who understands good business web design. It is more than just making things look appealing for your audience. It is all about leading your audience down a path. That path could be the messaging of your brand or leading them down the path to a website conversion.

The internet marketing space is not an area where you can get comfortable and set in your ways. Failure to evolve will result in brand death and in today’s marketplace you have to do everything you can in order to really stand out.

Digital Camera Guide


This guide will tell you that plus get you a little more familiar with what these cameras are capable of.

Megapixels

When it comes to megapixels, the more the better. I recommend a minimum of 2, but 3 or 4 is great. We did a test to see if a camera with 2.3 megapixels (actually 1.92 - 1600 x 1200) could produce a good quality 8x10.

Turns out it can, if you have the right paper and printer. We used HP Premium Plus photo paper with an HP 970 series printer and made a fantastic 8 x 10. Remember, I was a professional photographer before I got into computing, so I know a good print when I see it :-)

The resolution at 8x10 (we had to crop in to make the picture proportional to 8x10) was only 150 DPI. Most printers would not make a real good 8x10 at that resolution, but this one did. So, if you want to be sure you can get good 8 x 10s, you may want to go with a 3 megapixel camera or better (that gives you around 200 DPI at 8x10 size, still not quite the optimum 300 DPI, but it looks good with the right printer).


Optical vs Digital Zoom

You've probably noticed that most digital cameras have both a specification for digital and optical zoom. Pay the most attention to the optical zoom.


The optical zoom magnifies (zooms in) using glass. The digital zoom basically crops out the edge of the picture to make the subject appear closer, causing you to lose resolution or to get an interpolated resolution (i.e. the camera adds pixels). Neither of which help image quality.

Finally, make sure you get enough (optical) zoom. A 2x zoom isn't going to do much for you. A 3x is the average you'll find in most digital cameras will probably be good for most uses. More on lenses later.

Connection

How does the camera connect to your computer? If you have a USB port in your computer, you'll want a camera that can connect via USB as opposed to a slow serial connection.

On the other hand, if your computer doesn't have a USB port, is there a serial connector available for the camera you're looking at? If so, is it a special order and how long does it take to get it?


Storage

What does the camera use to store images with? If it uses a memory stick, make sure you consider buying additional sticks when you get your camera. A typical 8 meg memory stick that comes with a 2 megapixel camera only holds 5 or 6 images at the camera's best quality.

Some cameras use a 3.5 inch disk for storage. Be careful of these!

Although it may sound like a good idea, a 3 megapixel camera at high resolution produces a 1 meg file (compressed!). That's only 1 picture per disk.

Here's a few more things to look out for when trying to make your digital camera purchase.


Picture Formats

When you're trying to decide on which digital camera to get, check and see how many different picture formats it supports.


You want something that can produce both uncompressed (usually TIFF) and compressed (usually JPEG) images. I personally use the high quality JPEG setting on my camera for most of my shooting. TIFFs are just too big and the difference in quality is not ascertainable by mere mortals.


You also want to be able to shoot at a lower resolution than the camera's maximum. That way, If you're running short on memory, you can squeeze a few more shots on your memory stick.


Auxiliary Lens / Flash

This was a biggie for me. While a 3x zoom may work for the "average" user, I needed something that allowed me to do some wide angle work as well as have a good telephoto lens.

So, the camera I purchased a few months back was a Nikon Coolpix 990 (note that this isn't the only camera that can accept lenses). It has auxiliary lenses that screw into the filter ring on the front of the lens. I now have an ultra-wide fisheye lens plus a nice telephoto.

In addition to lenses, I wanted a good flash. The flash that is built into most of these cameras gives you a top range of 15-20 feet - at best. I wanted a camera that could take a powerful auxiliary flash (again, the Nikon isn't the only camera that fits this requirement, but I liked it better than the rest). If you need more reach than the small built in flash can deliver, then make sure you can attach an external flash to any camera you consider.

As an added bonus, if you get a camera that can take an external flash, you can place that flash on a bracket and eliminate red-eye.


Flash Distance

Speaking of flashes, make sure you check the distance the built in flash is good for. You don't want a camera with a wimpy flash that only travels a few feet (well, unless you can get an external flash for it as described above).


Battery Type

This may not sound important, but it is. Anyone who owns a digital camera can tell you they eat batteries the way a sumo wrestler eats at a buffet.

Make sure the camera can run on regular (or rechargeable) "AA" type batteries. You don't want a camera that eats through expensive lithium batteries every 10 shots or so.

One thing to remember about digital cameras, they do eat through batteries. I recommend getting some Nickel Metal Hydride rechargeable for it. I have some for mine and they have saved me a fortune.


Final Notes

Choosing a digital camera isn't easy. There's a huge selection out there and only you can determine which features you need.

For instance, if you shoot wildlife photos, a small 3x zoom probably isn't going to cut it (unless you can attach auxiliary lenses to it). If you shoot lots of close-ups, make sure the camera has some sort of macro capability. If you shoot big group photos indoors, an external flash may be necessary.

My advice is to make a list of things you want to be able to do with the camera then go to somewhere that can help you make a good purchase decision.

Finally, buy the BEST camera you can possibly afford. Or wait until the price drops on one with the type of features you want.

Whether you employ one person, or fifty, choosing the right employees can be a challenge. How do you know which of the job applicants will be worth their weight in gold, and which will give you a run for your money? Well, the "secret" to hiring the right employee is to give equal weight to five different factors:


Education

Experience

Passion

Drive

Fit
Sometimes, the best applicant is not the one with 20 years of experience. Sometimes, the best applicant is not the one with the Master's degree. Focus your interview questions around all five traits, and the "right" employee will emerge.


What if it's a toss up? Look closely at the experience, because past experience is the best indicator of future success.


If you're struggling with current employees, here are four guidelines to determine it's time to let someone go:


You are doing (or re-doing) their work

They fail to reach their goals on a regular basis

The employee has not taken your admonishments to heart

They negatively impact other employees around them

Small business owners do not have the luxury of keeping poor or mediocre employees. You must keep only the best employees for your business. And, don't feel guilty for letting go of inefficient or unproductive persons. You're growing a business, not running a charity.


Plus, I've learned by experience that I'm not doing anyone any favors by keeping a bad employee around... not the employee, not my customers, not the rest of my staff, and not me!

Include pictures and descriptions of your products (with a dynamic website, your visitors should be able to click through your products to find what they are interested in)



Display interesting facts and statistics

Include high interest stories (celebrity or newsworthy stories will quickly draw readers to your site)

Include customer testimonials

Produce blogs, forums, or user communities

Most viewers will give you about ten seconds to decide if your site is worth visiting. If you have interesting content and graphics, they'll give you a little more time. However, if you haven't used your space on the Internet to capture and retain their attention, the next thing you know, the person is gone.


Your website should attract viewers, and ultimately provide you with additional leads.

If you're like most companies, you're not using your newsletter for the marketing tool it is. You see many companies produce newsletters. But after a while, the purpose of the newsletter is lost and so is its impact. Here are a few tips for turning your newsletter into a powerful marketing strategy.

1. Determine what your readers want- too many newsletters are used simply to boast. Although your newsletter should promote your business, it's also a time to build your relationship with your prospects and customers. Be sure to discuss topics of interest and value for your customers and prospects.


2. Personalize your newsletter- there are hundreds of newsletters circulating on the Internet and in the mail. You need to make your newsletter stand out from the crowd. Making your newsletter uniquely you will make a difference. So be real. Feel free to include personality and emotion in your newsletter.


3. Make it look good- the visual aspect of your newsletter can make all the difference. Make it brief. (You only have the reader's attention for a few minutes.) Use bullets and appealing headlines. And include graphics.


4. Let your readers give you their opinion- ask your readers to comment on the newsletter. They will tell you what they liked, disliked, or want to see more of. Additionally, the interaction with your readers draws you closer to a sale.


5. Include your contact information- the ultimate purpose of the newsletter is to get more customers (through name recognition, relationship building, and promoting your products). However, without your contact information, those potential customers will never appear.


Create a newsletter worthy of your company and you'll drive your readers to future sales. Make it simple, make it short, and make it a powerful tool that reflects you and your business!

Can Financial Planning be done by Self.....???


In the Present Scenario planning is a necessity for everyone. Many think planning is required for only big plans or it is a tool for corporate, but Planning is required for Individuals also, to plan their finances at every stage of their life. Financial planning is nothing but the process of meeting life goals through a proper planning and management of finances. It helps an individual as well as corporate to translate their dreams and aspirations in to reality. It also helps you to provide meaning and direction to your financial decisions. Financial planning has to be done in a proper way, so that it can be implemented effectively.

Financial planning includes Personal Financial Planning as well as Corporate Financial Planning.
Personal financial planning consists of

•Educational Planning

•Health or Medical Insurance

•Tax Benefits on Housing loan

•Tax Benefits on Educational loans

Corporate Financial Planning includes

•Income Tax planning

•Risk Management/Insurance Planning

•Investment Planning

•Estate Planning.

Financial planning is important because it helps to manage your income more efficiently. It is important to increase cash flow and to keep an eye on spending habits and expenses. Proper financial planning will help in determining what should be done to create cash flow in order to make investment possible. It helps to build a long term capital-base and shape your financial future in terms of savings. With a strong capital base, you can have a wider portfolio of investment and it will help you to increase the wealth and to reduce the risk of investment. It helps us to distinguish investment opportunities appropriate to your financial situation. Financial planning can help in assessing the best investment opportunities. A good investment planning can transform your dream goals into realities. It is very important for your family to have financial security. This is possible only through proper financial planning with proper coverage and taking right policies. A systematic and structured saving and investment plan can be provided to fund children's education and to secure a comfortable retirement.


4 Important Steps to follow while Planning your Finances

Here are some of the important steps to be followed while planning your finances

•Analyzing Dreams

•Analyze your Financial status

•Proper Financial Planning

•Action the plan


Analyzing Dreams

In India most of the people have not analyzed their dreams and the ways of realizing the same. So it is very important for you to analyze your dreams so as to convert it into reality. Now you have to translate your dreams and aspirations in to money. Define the time frame within which you should be able to realize your dreams. If you think, it is difficult to meet all your goals within the specified time frame, prioritize your goals based on urgency and importance.


Analyze your Financial Status

It includes inventory of assets and liabilities (including securities holding, debts, insurance, etc), A description of the present arrangement for distribution of assets at death, Estimates of your income and expenditure, details of your insurance coverage and now analyzing Emotional status is very important, while designing a financial plan for you. It will decide your strength to take risk or not now. Develop a plan, the plan which you design, should take your present financial situation to the achievement of the objectives.



Proper Financial Planning

Based on the above steps, comprehensive financial plan should be framed which contain an analysis of all pertinent factors relating to your financial status. Your financial plan should consist of your personal data, goals and objectives, mention your issues and problems, specify assumptions, mention the balance sheet/ net worth for the financial year of your company, their should be proper cash flow management. Merely designing a plan, no matter how sound, does not constitute financial planning.


Action the Plan

A financial plan is useful to you only if it is put in to action. You have to ensure that the implementation is carried out in the manner and in accordance with the plan designed. Now it is very important to monitor the plan. Periodic reviews are the best form of monitoring. You should keep flexibility for a review if circumstances demand. Therefore, to finance your funds one should keep in mind the following steps mentioned so as to lead happy and safe life.

Options for financial planning

•Financial Planning Consultant Services

•Financial Planning Magazines

•Online Financial Planning

Financial Planning Consultant Services

Before choosing a financial planner or financial consultant services, check whether client's interest is the first priority for them, and that they also offers full explanation of the processes involved. One of the key issues in hiring a financial planner is how the planner is to be paid. Financial planners are not just investment advisors; they provide a broad range of services for a wide range of financial situations.

Financial Planning Magazines

Financial planning magazines provide helpful articles and insights on the common issues faced by people trying to plans for their financial future. They also give an idea about the different alternatives available in the market. They may also provide comparison of companies, quotes, rate financial planning tools available in the market and much more.
- - virtualinfocom

An entrepreneur is an individual who undertakes financial risks and carries out new financial ventures.Out of the total productive population how many are really using the potential....? Strange but fact, due to lack of knowlegde and expert guidance we are not able to develop future entrepreneurs.

The word entrepreneur derives from the French words "entre" (to enter) and "prendre" (to take), and in a general sense applies to any person starting a new venture or trying a new opportunity. Entrepreneurship is a practice of starting a new business in response to new opportunities. A person who owns a business or enterprise is called an entrepreneur. In other words we can tell that an entrepreneur is a person who organizes and manages a business undertaking and assumes a risk for the sake of profit. Operating a business takes certain skills. Few people may not have all the skills needed to run a business, but they can compensate for their weaknesses by hiring efficient staffs or consultants and by becoming more knowledgeable through education or training.
Qualities of a successful Entrepreneur.


•Successful entrepreneurs are self motivated, they always encourage themselves at every step they take. They do not want any other motivating things other than their goals which motivate them.

•Successful entrepreneurs learn by failures. They take every failure as a lesson and stepping stone for success.

•A successful entrepreneur is a good manager. He knows how to manage his business and how to deal with threats.

•Successful entrepreneur is a good negotiator and a good communicator.

•Successful entrepreneur is a leader by nature. He analyses the things well and finds positive solutions.

•Successful entrepreneurs take calculated risks.

•Successful entrepreneurs prepared to make personal sacrifices to achieve success.

•Successful entrepreneurs are innovative in approach. They see things which others fail to recognize.

•Successful entrepreneurs always target the niche markets and new business opportunities.

•Successful entrepreneurs are action oriented; they do not spend time in dreaming about success. They make things happen.

•Successful entrepreneurs are professional in approach towards business

•Successful entrepreneurs learn from others.

Process of starting a company

The Ministry of Corporate Affairs (MCA), Government of India, is the main body which authorizes, regulates and sets rules on how to ' Register a Company in India '. The MCA primary focus is on 'Administration of the Companies Act, 1956' and other Acts and Rules & Regulations drafted for corporate sector.
Steps for Registering a Company in India


•Select a maximum of six new names indicating main objects of the company. Proper care for 'same or deceptively similar names' should be followed.

•Availability of name (s) can be made on eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid along with the digital signature of the applicant.

•After approval, registration of the new company can be filed on forms (Form 1, 18 and 32) within six months of approval.

•Draft memorandum and articles of association; get ratified, print and stamped with appropriate stamp duty.

•Get the Memorandum and the Articles signed by at least two subscribers, provide details like father's name, occupation, address and the number of shares subscribed for and get identified.

•Memorandum and Article should bear date, later than stamp date.

Electronic forms and mandatory documents to ' Register a Company in India ' should further accompanied by, Declaration of compliance, Notice of situation of registered office of the company and Particulars of the Director's, Manager or Secretary. It should go with the digital signature, requisite fees and hard copy of Memorandum and Article of Association to the RoC. Then corporate identity is certified by RoC. Public Limited Companies and Part IX Companies have to stick to few more compliances for ' Company Registration in India '. The problems related to registration of a Company in India ‘have been substantially cut down with better and user friendly ' Process of Company Registration



Certificate of Incorporation

It is also referred to as articles of incorporation. It is the set of basic important rules governing the management of a company. It is the legal document essential for the formation of a company.



Certificate of incorporation consist of;

•Name of the corporation which is unique from any other corporation present in that jurisdiction.

•Names of board of directors who are main authority of the corporation.

•Objectives of the corporation or purpose of its formation.

•Location of the registered office of the corporation.

•Period of existence of corporation, whether permanent or for a limited period of time.

•Number of shares the corporate is authorized to issue.
Articles of association


Articles of associations are the regulations governing the relationship between directors of the company and the shareholders and are the basic necessities for the establishment of a company. It is the set of primary rules which directs working of a company. It tells about the general meeting of shareholders and their voting rights, forms in which notices are published by the company, bodies that do administration, and also tells about powers and functions of management of the company.



How to Manage a Company Successfully

Most of the people get business ideas but only a small percentage of people move forward to convert it into a business and only a few people can convert their business into a successful one. Converting a business into success needs strong dedication and passion. Following are some points which are essentials to convert a business into successful venture.

Be confident

Confidence and hard work are the best medicine to kill the failure. To be a successful person in business today needs good planning of future and this planning is possible only when entrepreneur is confident about his business.
Organize your business


To get success, a business needs to be well organized. A well organized business will help to complete a task effectively on time and also increases the preference by the customers.

Analysis of the competitionA well detailed analysis of the competitors and competition in the market is very much necessary for the survival and progress of the business. Success of a business depends on how a business can differentiates itself in the market with respect to other competitors, and this is possible only when it does market analysis.


Consistency in quality

This is the factor which keeps the customers stick to their business for long time. No matter whether a business deals with manufacturing or providing service it always should show consistency in service quality which builds loyalty in customers. Long term better quality ensures good customer loyalty and makes business successful.


Be creative and focused

Rome was not built in a day, like this a business cannot become successful over night; it requires long time hard work, dedication and sacrifies. Always focus should be on competitors and changes that happens in the market. Creativity helps to go ahead in the competition and helps to stay for long time.

Effective Marketing

Success of a business also depends upon its popularity in the market, this needs good advertising. Word of mouth is an effective way of advertising and in the initial stages low cost advertising is preferred for small business.

Venture capitalists (VC) are those businessmen who are interested instart-up companies and who provide capital for such companies. It isnot necessary that venture capitalist must be a businessman. Theinvestment can be done by the individuals who have a high net worth orinvestable assets. The VC’s invest in a startup company and usuallythey ask for a share of partnership or ask for particular percentage ofshares from that company. If a person wants to become an entrepreneurthen he must start a new business and for starting up the business heneeds to have a business plan. It is not necessary that the plan has tobe a new idea for which he will need capital. The amount of capitaldepends upon the type of business that the entrepreneur is starting. Hecan get the required capital from many sources. The required capital,be it less or more depends upon the business plan. Some of the sourcesfrom which the entrepreneur can raise the required capital are;



Own funds

Venture capitalists

Angel investors

Partnership

Banks

From friends and relatives

Institutional investors

You may be wondering as to what is the need for a person to become aventure capitalist when he can earn money if he invests the same amountof money in his business, share market, in banks etc. There are manythings which play a very important role in converting a person into aventure capitalist.
How does it work?


You may be wondering as to what is the need for a person to become a venture capitalist when he can earn money if he invests the same amount of money in his business, share market, in banks etc. There are many things which play a very important role in converting a person into a venture capitalist.

•Social responsibility: A person who aims at becoming a venture capitalist is giving a contribution to the society by helping the young entrepreneurs to start their business and indirectly it means that they are helping in the improvement of the economy.

•They can get good returns if they invest in the stock market or in their own business but the returns that they get by investing in new business are far more and it comes very easily.

•They can dictate their terms in some matters when they are investing in a startup company whereas it cannot happen even if they are a managing director of a public company

•It involves a lot of risk to invest in startup companies and no doubt the venture capitalist is ready to take up that risk

•The main advantage is the capital gains. When VC puts money in the business the one thing he asks for is percentage of shares and when the company is doing extremely well and its share prices are very high, VC sells of the shares of that company to make a lot of money. It again depends upon VC whether he wants to sell or keep the shares.

The VC’s does not invest in each and every business opportunity that they come across. They invest in only those projects which they feel can definitely work and are capable of bringing them good returns. A study has shown that some of the VC’s invest in one project or business opportunity among the 400 or 500 projects that they have seen, it again depends upon the perception of the venture capitalist because some of them will be looking out for projects which are there in specific fields such as healthcare, fast-foods, medicines, technology oriented etc. Once the entrepreneur or the businessman who needs the capital approaches the VC there are certain conditions put forward by them. Some of them are

• A place in Board of Directors

• Percentage of shares

• Business partnership

• Reporting the progress of business

• The targets to be met
Process of getting the capital


The first step is that a business proposal is submitted to VC. Venture capitalist reviews the business proposal and if he feels that the business is worth investing then he calls the entrepreneur or the management team of that particular company for a discussion.



The second step is the Pre-liminary screening wherein the management team/ entrepreneur of the business sit and review the business plan or proposal. It is the one important stage where the management team/entrepreneur has to prepare well and convince the venture capitalist that the business plan will work out and for doing that they need to know even the minute details about the project because they can never anticipate the kind of questions that will be asked by venture capitalist.

The next step is Negotiating the investment. In this stage the amount that is needed for the proposal is discussed and both parties come to an understanding called as Memorandum of Understanding (MoU). The venture capitalist reviews the market study and market potential which has been carried out by the respective firm or by people who are specialized in this particular work. The venture capitalist also studies the industry carefully to obtain information about competitors, entry barriers, potential to exploit substantial niches, product life cycles, and distribution channels which will help in convincing him that the business plan is worth investing.

The final step is getting the approvals and the capital. In this step all the terms are negotiated and the investment proposal is submitted to venture capital board of directors and if it’s approved the legal documents are prepared. Then the VC provides the capital that they have decided in the MoU. The capital can be given in a lump sum or in installments depending upon what was decided during the meeting.
Selection of venture capitalist


Although the final decision of investing the money in a business lies in the hands of a Venture capitalist, the selection of a VC is definitely in the hands of an entrepreneur. It should not be mis-understood that the power lies in the hands of the entrepreneur because they need capital for setting up the business and they are in no condition to dictate the terms. The mistake that they do is to decide upon one VC and approach him for funding without knowing if that particular VC has got any preferences. It has been seen that venture capitalists have preferences regarding particular stages of investment, amount of investment, industry sectors and geographical location. It’s not only these things what an entrepreneur will look for in an Venture Capitalist, but other important things as to what will be the value addition that the VC brings in, what will be his style of doing business, the expertise and experience that he brings along with him.

Stages of financing

Let’s have a look at the general stages of financing. The steps given here are not universal because the modes and stages of financing depend upon the negotiations that have taken place between the VC and the entrepreneur/management. But these are the steps in which the financing happens most of the times


Step 1: seed financing or seed capital or concept stage financing

The entrepreneur or the main management is provided with a small amount of capital. In this stage the products or services are not being sold to the customers. In most of the cases it is seen that the entrepreneurs get the capital from the angel investors rather than the venture capitalists.


Step 2: startup financing

In this step a prototype of the product is built and is tested for the market viability. The search for the other team members and the technical specialists is on. There are very few venture capitalists that fund during this stage and again it’s the angel investors who come to the rescue of the entrepreneurs.



Step 3: First stage financingThis is the step where the VC’s will be looking to get involved with a company. For a company to reach this stage it requires at least a year and the management team is in place and is working in co-ordination. The sales may or may not be that great but if the product is accepted well in the market, the sales will definitely be on the rise


Step 4: second stage financing

The sales in this stage are rising and the company is looking to reduce the costs and increase the productivity and enter new markets. The funds in this phase are used for opening into new markets; increase the productivity, expansions etc.


Step 5: Third stage financing

The customer’s happiness, the sales figures are taking an exponential phase and the business is going on very well, these are some of the things which happen in this phase if everything goes as planned. The finance that the firm gets during this stage is used for increasing plant capacity, marketing, working capital and expansion.


Step 6: Bridge or Mezzanine financing

The company has successfully passed through the rough patches that arise during the initial years and is doing well now. The bridge financing is done to prepare the company for an Initial Public Offering (IPO) which includes clearing the debts and buying out the investors who are not strong enough to run a public company.

The next step is that the company or the firm goes for the IPO and raises the funds or capital.


The present scenario in India

There are number of Venture capital firms and individual VC’s in India. Some of the top VC firms are Sequoia Capital India, Ventureast, Intel Capital, Helion Venture Partners, DFJ India, Nexus India Capital etc. Apart from the firms there are individual VC’s such as one of the Infosys founder Mr. N.S.Raghavan, Vinod Khosla. They have been providing the capital for the budding entrepreneurs. The next addition to the list is Mr. Narayana Murthy who recently sold shares of worth Rs 180 crores to start a venture capital firm.

Identify your sources of income under different Income Heads.
Keep Documents Ready


Before filing Tax you should know which documents you need to keep in hand in order to find out your tax-amount. You should identify the sources of income and place them under the right income heads.
 
Compute the gross Total Income (GTI)


Add up your earnings from the five income heads to arrive at total taxable income. To get your total taxable income, you will have to subtract the standard tax deductions (Section 80) from the gross income.
 
Step 4: Calculate deductions


Add up all your Section 80C and non-80C deductions and minus it from your gross total income.
 
Calculating Total Taxable Income


To get the Total Income on which the tax is to be paid reduce the total deductions from the gross total income. The income from house property and capital gains are taxable.


Finding your tax rates

Individual taxpayers are categorized as General, Women and Senior Citizens. Identify your category and check out your tax liability according to the tax slab applicable for assessment year 2010-11 or financial year 2009-10
Choosing the correct income tax return (ITR) form.


Based on your income sources, you need to choose your ITR form. Once the documents and the calculations are done, the process of filing tax enters the final phase.

Filing returns

Subtract your TDS from the tax liability that you computed earlier to ascertain if you are still to pay any taxes. If you still have a tax liability, get hold of Form 280, fill it up and deposit it in any bank along with the tax payable in cash or cheque before filing your returns.