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apple's quarter profit
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US / Apple to record 1.58 lakh crore profit in December quarter; iPhone sales up after one year

California. Apple’s profit rose 11.4% to $ 22.2 billion (Rs 1.58 lakh crore) in the October-December quarter. This is the largest ever quarterly profit of an American company. Apple benefited from increased sales of flagship product iPhone four quarters later. Most of Apple’s revenue comes from iPhone. IPhone sales grew 8% to $ 56 billion (Rs 3.99 lakh crore) in the December quarter. Apple’s total revenue increased 9% to $ 91.8 billion (Rs 6.54 lakh crore) in the previous quarter as compared to the December quarter of 2018. This is also the record so far. IPhone accounted for 61% of the total revenue. The company announced quarterly results on Tuesday.

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Tiecon Mumbai 2020: Ratan Tata gets Life Time Achievement Award, 73-year-old Narayan Murthy took blessings by touching Tata’s feet at 82

Ratan Tata said- Startups that have disappeared by dipping investors’ money will not get a second chance, ethics is necessary

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budget 2020
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budget 2020 / Tax can be reduced from 20% to 10% on income from 5 lakh to 10 lakh

Now when 20% tax is imposed, 10% tax is levied
Standard deduction: Rs 50 thousand Standard deduction: Rs 50 thousand
Tax on the remaining Rs 9.5 lakhs Tax on the remaining Rs 9.5 lakhs
0% up to 2.5 lakh rupees 0%
2.5 Lakhs to 5 Lakhs 5% (Rs 12,500) 2.5 Lakhs to 5 Lakhs 5% (Rs 12,500)
20% on the remaining 4.5 lakhs (Rs 90,000) 10% on the remaining 4.5 lakhs (Rs 45,000)
Total: 1 lakh 2 thousand 500 rupees Total: 57 thousand 500 rupees
4% Cess: Rs 4,100 4% Cess: Rs 2,300
Total tax liability: Rs 1 lakh 6 thousand 600 Total tax liability: Rs 59 thousand 800 Savings: Rs 46,800
80C deduction not included in tax calculation

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