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SCHOOL AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

SCHOOL Dr. T.K. Jain.

AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email protected] www.afterschool.tk, www.afterschoool.tk www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

LAND REQUIREMENTS • 2 ACRES OF LAND

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Building • Class rooms - minimum size should be 8 m x 6 m (approx 500. sq. ft.). • Science Labs. (Composite for Secondary or/and separate Physics, Chemistry • and Biology for Senior Secondary)minimum size should be 9 m.x 6 m.each • (approx 600 sq. ft) and fully equipped. • Library (size = 14 m. X 8 m.) 15 journals / magazines and 4 newspapers. www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Others … • Computer lab – 20 computers • Other activities lab

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Management committee • 21 members with the following strcture: • 2 principals from other schools • 2 lecturers from local colleges / academicians

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

SOCIETY / TRUST • The society will manage the school. Payscales will be based on the State pay scales for teachers.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

TAX? • ANY CHARGE LEVIED BY GOVT. ON INCOME, PRODUCTS OR SERVICES.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

DIRECT TAXES? • THESE INCLUDE THOSE TAXES, WHICH CANNOT BE TRANSFERRED TO ANOTHER PERSON: • INCOME TAX • WEALTH TAX

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

INDIRECT TAX • These taxes can be transferred to another person – therefore their liability is transferable: • Excise • Customs • Service tax • Sales tax • VAT www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

IT LAW • • • • •

IT Act Annual Finance Act IT rules Circulars Case laws and precedents.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Income • A periodical monetary return - which arises regularly from a definite source. • Income from irregular source (for example: lottery) is also income. • Includes only revnue receipt (not capital receipt) • Income can be on cash or on mercantile basis (it depends on the system adopted by the firm). • Income is chargeable in the next year – e.g. : income of 2005-6 (previous) is chargeable in 20067(assessment year).

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Heads of income? • • • • •

SALARY HOUSE PROPERTY BUSINESS & PROFESSION CAPITAL GAINS OTHER SOURCES

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

CLUBBING OF INCOME • Income of spouse, minor child have tobe included in the income of the assessee. (subject to some rules / exceptions)

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Set off & carry forward .. • You can have inter – head adjustments (in certain cases) (for example loss in one head can be adjusted with income from another head). • Losses can be carried forward to future years (subject to some rules and guidelines).

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Steps… 1. 2. 3. 4. 5. 6. 7. 8. 9.

Calculate income from different heads Add the incomes and club them. Carry forward / set off Find GTI (gross total income) Make permissible deductions Find TI (total income). Apply appropriate tax rate Add surcharge + educational cess Make payment of advance tax and TDS and find returns of income (as per rules).

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

assessee • Sec. 2 (7) • Any person --- .included deemed assessee or assessee in default also

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Person 2 (31) • • • • • • • • •

Include the following: Individual HUF Company Firm AOP (association of persons) BOI (body of individuals) Local authority (like municipalities etc.) Artificial juridical person.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Company • Sec. 2 (17) • Includes foreign companies also • Includes associations, which have been assessed as company by CBDT. (central board of direct taxes)

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Company in which public are interested (sec. 2 (18) ) • • • • • •

Sec. 25 company Govt. company Company whose shares are public listed A company which accepts public deposits 50% capital is owned by cooperatives Declared by board for this.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Income (sec. 2(24) ) • Includes profits, dividends, volutnary contributeions received by trusts etc. , perqs, allowances, deemed profits, capital gains, winnings from lottery, money received under keyman insurance, PF, ESI etc. (subject to rules and exemptions)

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

DIVIDEND (SEC. 2 (22) • Bonus is not dividend • Distribution of debentures , deposit certificates etc. and bonus shares to prefernece shareholders are dividends • Reduction of capital to the extent of accumulated profits is also dividend • Advance / loan to another company (closely held company) is also dividend • Any accumulated profit distributed is dividend www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Closely held company • 20% interest in any company • Or • 10% in a company – which does not have public interest

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Taxation of dividend • 12.5% flat rate of dividend (in addition to normal income tax charged on income of the company) • This is not applicable on dividend from foreign companies • This is not applicable on deemed dividends • (don’t add it in normal income). www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Fringe benefits … • • • •

Sec. 115WB Any privilege Free tickets (or concessional) Payment by employer for any benefits, health clubs etc.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Infrastructure …. • Infrastructure capital company (sec. 2(26A)) • Infrastructure capital fund (sec. 2(26B)) • Includes telecom, power generation, industrial parks, SEZs, 3 star hotels, hospitals (at least 100 bed hospital) , etc.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Income Tax Rates … • FOR NORMAL INDIVIDUAL / HUF/BOI/AOP etc. • First 110000 = Nil • Till next 150000 = 10% • Next 250000 = 20% • On balance = 30%.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Other tax rates…. • 20% on long term capital gain • 10% on short term capital gains (sec. 111A) • 30% on lottery etc.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

ABOUT AFTERSCHO☺OL Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Why such a programme? • To promote people to take up entrepreneurship and help develop the society • To enable people to take up franchising and other such options to start a business / social development project • To enable people to take up social development as their mission • To enable people to promote spirituality and positive thinking in the world www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Who are our supporters? • Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us. • You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

About AFTERSCHO☺OL PGPSE – the best programme for developing great entrepreneurs • • • • •

Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee • Option to take up part time job – so earn while you learn • The only absolutely free course on internet www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Workshops from AFTERSCHO☺OL • • • • • • • • •

IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Flexible Specialisations: • • • • • • • • • •

Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Salient features: • The only programme of its kind (in the whole world) • No publicity and low profile course • For those who want to achieve success in life – not just a degree • Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes • Scholarships for those from poor economic background • Latest and constantly changing curriculum – keeping pace with the time • Placement for those who are interested • Admissions open throughout the year • Latest and most advanced technologies, books and study material www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Components • • • • • • • • • • • • • •

Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development EsGotitial softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Pedagogy • • • • • • • • •

Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits PreGotitations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) • Rural development / Social welfare projects www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Branches • AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Case Studies • We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

Basic values at AFTERSCHO☺OL • • • • • •

Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help • Ask fundamental questions : why, when, how & where? • Embrace change – and compete with yourself only www.afterschoool.tk

AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

www.afterschoool.tk social entrepreneurship for better society

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AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS