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Aashish Sood |114 Answers |Ask -Follow

CAT, Management Expert - Answered on May 30, 2024

Aashish Sood is an IIM-Lucknow alumnus who has been teaching maths and quantitative aptitude to MBA aspirants for over a decade.
He also mentors management student hopefuls for the group discussion and personal interview rounds that follow competitive examinations.
He has appeared for CAT seven times since 2016 and scored in the 99.9 percentile.
Sood has 16 years of work experience as a management consultant, strategy consultant and research associate.... more

Question by K on May 28, 2024Hindi

Career

Hi, am B.E graduate and 2012 passed out from tamilnadu.I have been into IT as software developer as well as banking domain as business development profile . currently am working as lead software engineer since last year..am planning to do M.E and switch over to assistant professor profile..will they consider my industry experience or they will consider me as a fresher..what about they pay scale.need guidance ..

Ans: Ofcourse your industry experience will be positively considered

about payscale, I would recommend you talk to seniors through LinkedIn or explore Glassdor

Career1Reply

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Sushil Sukhwani |550 Answers |Ask -Follow

Study Abroad Expert - Answered on Mar 15, 2024

Question by Saumya - Feb 22, 2024Hindi

Career

i have done b.tech in computer science from chennai and currently pursuing 2 years masters in system and information from NYU, USA. what is job prospect in the future.

Ans: Hello Saumya. Thank you contacting us. It is good to hear that you are pursuing your 2-year master’s from NYU, USA. Given your background in systems and information, you will have ample amount of job opportunities in technology sector both in the USA and at the international level. Some of the major job opportunities are: Software Engineer/Developer, Data Scientist/Analyst, Information, Security Analyst, Cloud Solutions Architect, IT Consultant, Product Manager

For further assistance you can get in touch with us.

Chocko Valliappa |442 Answers |Ask -Follow

Tech Entrepreneur, Educationist - Answered on Jun 06, 2024

Asked by Anonymous - May 26, 2024Hindi

Career

Hello Sir, I am a 35 yr BE(CSE) Male working in Bangalore with 12.5 yrs experience in Embedded systems domain with not bad salary. I want to switch to my passion which is teaching in a non technical field. Based on my interest, I have come with below options. 1) A computer science / Maths teacher with BEd degree. Do I also require Bsc / Msc course for this ? If so, can I pursue via distance education mode ? 2) A Professor in a BEd College - I am aware that we need BEd, MEd, Phd. Assume I am doing them, do they even welcome a 45 yr fresher for that ? Is work experience as a teacher in schools required for those posts ? 3) A CAT quants coach - with good interest in maths, I want to know what are the institutes / coaching centres looking in such candidates. I have 3-5 years in hand before making switch. Kindly advise what are the efforts, how I may need to prepare for this change.

Ans: I consider the Embedded systems is meant for geniuses like you. The ESD industry is booming and will continue to grow with the emergence of EVs and all the appliances and devices getting built in India. I would encourage you to talk to a few Engineering Colleges in Bengaluru an see if you can deliver a few guest lectures. Once you gain confidence and success, consider running a full semester. This looks like the best of both worlds--that give you the job satisfaction and good salary from your ESDM job For industry professionals BEd etc are not needed. All the best.

Aasif Ahmed Khan |151 Answers |Ask -Follow

Tech Career Expert - Answered on Jul 24, 2024

Question by Souvik - Jul 15, 2024Hindi

Career

I AM MTECH PASS FROM ECE BACKGROUND FROM JADAVPUR UNIVERSITY .I HAVE 18 YEARS TEACHING EXPERIENCE BUT I NOW TRY TO SWITCH IN SOFTWARE OR OTHER INDUSTRY.IS IT POSSIBLE NOW?

Ans: Reflect on what you enjoy doing and where your strengths lie. This can help you identify potential career paths that align with your interests and skills. Career transitions can be challenging, but staying positive and persistent will help you navigate this change successfully. If you have any specific fields in mind or need more detailed advice, feel free to ask.

Here are some ways to get career growth in parallel to job -
Data Science and Analytics: With your technical background, transitioning to data science could be a good fit. You can start with online courses and certifications.
Software Development: If you have an interest in coding, software development offers numerous opportunities. Learning programming languages like Python, Java, or JavaScript can be beneficial.
Project Management: Your experience in teaching and managing students can translate well into project management roles. Consider certifications like PMP (Project Management Professional).
Digital Marketing: This field is growing rapidly and offers various roles such as SEO specialist, content marketer, and social media manager.

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Milind Vadjikar |150 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 10, 2024Hindi

Money

Hi, I am 56 with a take home salary of about 5L per month and expect to retire in 4 years. I have about 1.2 cr in PF+PPF and 4 properties worth 2.5Cr. Cash in hand 40L and equity worth 25L. From Jan24, investing about 2L per month in MF + Shares + others and wish to continue to next 4 years. Daughter is working and likely to get married in next 2 years (anticipate a spend of 35L). Son will join MBBS in 2 years with expected fee of 30L per year. Have no loans and well covered for mediclaim and term insurance. Am i covered for the expenses? Please suggest ...

Ans: Hello;

Your PF+PPF balance you can keep untouched so it may grow into a corpus of 1.6 Cr(7.5% growth rate assumed) + regular contributions over 4 years, at the end of your work life.

At your age I recommend you to resist temptation of dealing in direct stocks or even pure equity mutual funds due to the very high risk of volatility.

I propose you to put 30 L(6 month pay coverage) as emergency fund in ICICI Pru Liquid fund(Best returns on 6M criteria)+ facility of instant redemption upto 50K & balance T+1 working day.

10 L balance from cash in hand + 25 L of stock holdings could be invested in Tata money market debt fund(best returns on 1 year criteria). Both these funds have moderate & low to moderate risk profile respectively. This will serve as your corpus for daughter's marriage and grow for 2 years in the meanwhile.

The 2L investment per month which you have began from Jan-24 is expected to go into MF sip+ direct stocks+ other.

For the other investment you are the best judge but here again I would humbly appeal to you to avoid equity MFs and direct stocks considering your age and high risks associated with these asset type direct exposure.

I propose you to invest in equity savings fund instead which are less riskier then pure equity funds and can yield decent return too. I recommend two funds in this category with best returns on 5 yr criteria & AUM above 1K Cr. Mirae Asset equity savings fund and Kotak equity savings fund.

A 2 L sip into these two funds for 4 years will yield a corpus of 1.16 Cr (Modest return of 9% considered). This will fully cover the cost of education for your son.

The best aspect of your financial planning which I admire and respect is No loans, well covered for mediclaim, term insurance and investment in real estate.

I have given my opinion, ultimately you are the best judge.

Feel free to revert in case of any query.

You may follow us on X at @mars_invest for updates

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Dr Dipankar Dutta |609 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi

Career

Sir I am btech - industrial biotechnology (4 years ) student. Now I'm in 3 rd year . My family financial situations didn't ain't me study msc or mtech or going abroad. So.. I'm planning to work hard for an year to get government job in my biotech field. However, biotech in india is just in it's initial stages . I didn't find good jobs in biotech industry for graduates and I even google many times about this concern. Could you please guide me ? What are best rated - government and private jobs in biotechnology field for biotech graduates ? I want each of jobs list If not any other alternatives ? What are the entrance exams I can appear for mtech pursuing at free of cost in India ? Is there any entrance exams to get a govt job in biotech field for graduates ? I'm bothered with many quests???????? I'm so... Worried about my career . Hope I'll get my answers from your team as soon as possible Thank you ????

Ans: Biotechnology graduates can apply for various positions in government organizations, research institutes, and labs. Below are some of the key government organizations where biotechnology graduates can find jobs:

Government Organizations:
Department of Biotechnology (DBT)
Council of Scientific and Industrial Research (CSIR)
Indian Council of Medical Research (ICMR)
National Institute of Immunology (NII)
All India Institute of Medical Sciences (AIIMS)
Biotech Consortium India Limited (BCIL)
Food Safety and Standards Authority of India (FSSAI)
Indian Institute of Technology (IITs) as technical assistants or lab technicians
Central Drugs Standard Control Organization (CDSCO)
Defense Research and Development Organization (DRDO)
Public sector units (PSUs) like Bharat Immunologicals and Biologicals Corporation Limited (BIBCOL)

Key Entrance Exams:
GATE (Graduate Aptitude Test in Engineering): Scores in the Biotechnology paper can help you get into prestigious institutes like IITs and NITs for M.Tech with scholarships.
DBT JRF BET: Provides a fellowship to pursue a PhD in biotechnology.
ICMR JRF: For research fellowship and PhD positions.
CSIR UGC NET: For lectureships and research in biotechnology.
JNU CEEB: For postgraduate programs in biotechnology across many universities in India.

Milind Vadjikar |150 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Question by Nitesh - Sep 17, 2024Hindi

Money

Hello Sir, I had invested money with a broker. However after paying all the taxes and everything. They are not returning my money. Please let me know what steps I can take against them

Ans: Please file a police case for cheating. Also lodge a grievance with sebi online giving detailed account of your complaint, FIR copy, names of brokerage firm officials and estimated loss.

Milind Vadjikar |150 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 09, 2024Hindi

Money

Hi I am 44 years old working for almost 21years now. I have accumulated close to1.6Cr of corpus through diversified portfolio in FD, MF, Stocks etc. I am undergoing health issue post recovery from a major illness and not able to mentally and physically cope up with the demand of the Job which is paying me around 2.5L/Month. I want to settle for a less demanding job even at 50% lesser salary. With my current corpus how to invest it so that i get a monthly interest to maintain my current lifestyle without reducing my corpus.

Ans: You can buy immediate annuity from an insurance company for your corpus of 1.6 Cr as joint holding by you and your spouse and return of purchase price to you, your spouse or nominee either after completion of tenure or expiry of the annuity holder/s.

Assuming modest rate of 6% will yield you a monthly income of 80K per month(pre-tax).

You can always negotiate and shop to get a better rate for your annuity.

If you suppliment this with low stress, less exertion job at 50% of your current salary you will have monthly income of 1.25 L + 0.8L = 2.05 L per month.

Although annuity rates are typically lower you can lock them for a longer tenure.

Most companies or banks offer 5 year FDs.

Few do offer 10 year FDs but then you have TDS deducted at 10% from your interest payout. Also FDs are not entirely risk free.

In case of annuity TDS is not deducted, so far, since tax liability is with the annuity holder.

Please do take care of your health and wish you speedy recovery.

In case you any other concerns, feel free to revert.

T S Khurana |96 Answers |Ask -Follow

Tax Expert - Answered on Sep 17, 2024

Question by Aditya - Aug 13, 2024Hindi

Money

Filed My ITR on 31 July and received refund with 0.5c/o of 1 Month instead of 5 Months from 01 April 2024. The TDS amount is 85940 and Tax Liablity is NIL. The Refund received is 86370/- Rs. Should I raise the Query or the Refund Interest of 430 of only One Month is right from ITD.

Ans: You are entitled to interest on TDS deducted from April till the date of refund, provided you file your ITR within time limit.
However, as the amount of interest is small, you may avoid unnecessary correspondence & ignore the same.
Most welcome for any further clarifications. Thanks.

Milind Vadjikar |150 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Asked by Anonymous - Sep 17, 2024Hindi

Money

Sir, I had invested in HDFC Sanchay Plus in Long-Term Income Plan. It was a insurance and regular income plan for a period of 30 years. I paid up for five years as mandated by the policy. The pay out would commence from 7th year annually upto 30 years. The principal amount would be paid on completion of 30th year of enrollment. I appears the return of investment was less than 5% and diminishes further with time. I decided to withdraw from the scheme however the HDFC Life is deducting a huge sum from the invested amount. I requested to atleast return the principal amount invested without any add-on. But HDFC Life is referring to the policy clause and declining to return the invested amount. How can I retrieve the invested amount in this scenario. Thanking you in anticipation.

Ans: Most of the people make this mistake of considering insurance coupled with investment as good combination. The fact that insurance regulator allows insurance companies to use words such as "Guaranteed", "Assured" which entice gullible investors, makes things more difficult.

Endowment or money back policies never yield return over 5 to 6%.

Even ULIP policy returns above a threshold will now be subject to long term capital gain tax apart from fund management, policy administration and other heavy charges during first 5 years.

Insurance is for pure protection hence term insurance with appropriate riders is best option.

Unfortunately there is no way you can seek higher surrender value payment because you are contractually obligated by the terms and conditions of the policy agreement.

T S Khurana |96 Answers |Ask -Follow

Tax Expert - Answered on Sep 17, 2024

Question by Padmanabhan - Aug 10, 2024Hindi

Money

As for net maturity proceeds where TDS deducted by LIC with regard to single premium policy, do we've to show the entire net amount as other income in the same year? For the bonus accrued over the policy tenure, any option available for tax benefit?

Ans: 01. You have to show full details of the policy, i.e., Sale/Maturity amount received, its Cost (Premiums paid) & Net Gain.
02. You are supposed to pay your tax, if any & also claim credit for TDS deducted.
03. I suppose, Bonus received by you during the policy period, would have been declared in your ITRs of previous years.
Most welcome for any further clarifications. Thanks.

Milind Vadjikar |150 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 17, 2024

Question by Sameer - Sep 11, 2024Hindi

Money

Hello I am myself placed very weakly in terms of financial planning. My age is 55-years now and I have just 20-lakhs in bank account. A few policies are there valuing hardly a few lakhs. My Son is 14-years. I am a salaried person and my service will continue for another 5-years. My monthly expenses go up to Rs. 1 lakhs per month. Please let me know how should I invest so that I get at least Rs. 1 crore when I retire. Thanks

Ans: Hello;

I understand your concern.

At your age I am not comfortable to suggest pure equity schemes for investments. I would recommend you to invest 20 L lumpsum in SBI Conservative hybrid fund (growth). This will yield you a corpus of 30L after 5 years considering 8% modest return.

Also if you start an SIP of 90K into Mirae Asset equity savings fund (less riskier then pure equity funds), after 5 years it will yield you a corpus of 70.27 L considering modest return of 10%.

Therefore your comprehensive corpus now will be 30L + 70.27L = 100.27L corpus, which is your target.

Please utilise part of your EPF corpus/LIC policy maturity proceeds for funding your son's education.

Also please take good healthcare cover for you and your family.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates.

Happy Investing

T S Khurana |96 Answers |Ask -Follow

Tax Expert - Answered on Sep 17, 2024

Question by SESHAN - Sep 16, 2024Hindi

Money

If i sell my shares of about one lac and purchase shares of other cos for 1 lac + accrued profits, do i have to pay income tax?

Ans: 01. You have not mentioned, whether share you want to sell are covered under LTCG or STCG.
02. If covered under LTCG, , it shall be exempt up to Rs.1.25 lakh, & rest, if any shall be taxed.
03. You are free to purchase shares of other companies, with the sale proceeds
MOst welcome for any further clarifications. Thanks.

T S Khurana |96 Answers |Ask -Follow

Tax Expert - Answered on Sep 17, 2024

Question by BRKARLUPIA - Sep 17, 2024

Money

Sir Sat Sri akal I sold some land to purchase a flat four years back in 2020 and payment made then but registered in court in 2022 due to covid and non-completion in time.It is just two and half years after registration and four years after payment.Please intimate whether I can sell it under LTG as being second time sale or when so that I could able to save income tax...... from B.Raj jk

Ans: 01. Your question is not very clear, but what I understand is that your Purchased a Flat/House in 2022.
02. Now, you want to sell it as Long Term Capital Asset (during f/y 2024-25.
03. Kindly ensure that there should be a gap of at least 2 years, between purchase & Sale of Property to be taxed under LTCG. In your case time line is important, so kindly watch the same.
04. Another important point is that if you have availed any exemption u/s 54, in your ITR for f/y 2022-23, then you must keep the property for 3 years, before it is sold. If your don't comply with this, the exemption you availed earlier may not be valid & the same will become taxable.
Most welcome for any further clarification. Thanks.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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