Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Aashish

Aashish Sood  | Answer  |Ask -

CAT, Management Expert - Answered on Nov 02, 2023

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
Asked by Anonymous - Oct 30, 2023Hindi
Listen
Career

Hi sir, I completed my B.tech in 2019 in computer science. After that 4 yrs have passed but I have not been able to stabilize my career till now. I have total 2 yrs of work experience in total 4 IT ompanies. I also have 2 career breaks of 1.5 yrs and 6 months each. The reason for my frequent job hopping and career gaps is that I am not able to handle stressful situations at workplace. Whenever a situation comes in which my boss scolds me or expects me to work in tight deadlines or I make some mistakes or some office politics starts, I start to get very anxious and spiral into negativity. My software development skills are pretty decent and I perform better than many of my colleagues. But my inability to handle these things eventually makes me quit the job in the hope that next job would be better in this regard. I usually get new jobs within few weeks due to my skills but my avoidance behaviour starts the same cycle again in the next workplace as well. Due to this my salary has not also been able to grow much. What should I do to save my career? My options are either sticking with IT ir changing my field by doing mba. I also think about MS abroad but my btech grades are not good enough (6.6 cgpa) to get in good universities.

Ans: Duplicate Question
Career

You may like to see similar questions and answers below

Aashish

Aashish Sood  | Answer  |Ask -

CAT, Management Expert - Answered on Nov 02, 2023

Asked by Anonymous - Oct 30, 2023Hindi
Listen
Career
Hi sir, I completed my B.tech in 2019 in computer science. After that 4 yrs have passed but I have not been able to stabilize my career till now. I have total 2 yrs of work experience in total 4 IT ompanies. I also have 2 career breaks of 1.5 yrs and 6 months each. The reason for my frequent job hopping and career gaps is that I am not able to handle stressful situations at workplace. Whenever a situation comes in which my boss scolds me or expects me to work in tight deadlines or I make some mistakes or some office politics starts, I start to get very anxious and spiral into negativity. My software development skills are pretty decent and I perform better than many of my colleagues. But my inability to handle these things eventually makes me quit the job in the hope that next job would be better in this regard. I usually get new jobs within few weeks due to my skills but my avoidance behaviour starts the same cycle again in the next workplace as well. Due to this my salary has not also been able to grow much. What should I do to save my career? My options are either sticking with IT ir changing my field by doing mba. I also think about MS abroad but my btech grades are not good enough (6.6 cgpa) to get in good universities.
Ans: Hey

It's understandable that dealing with workplace stress, criticism, tight deadlines, and office politics can be overwhelming. However, recognizing these challenges is an important first step towards finding a solution.

Here are my 2 cents worth of advice

1. Consider consulting a professional counselor or therapist to work on coping mechanisms for stress, anxiety, and handling workplace pressure. Learning techniques to manage stress and maintain a positive mindset can be tremendously beneficial.

2. Develop emotional intelligence skills to understand and manage emotions, empathize with others, and effectively communicate in challenging circumstances.

3. Develop a thick skin. Develop an ability to bounce back from setbacks, rejections, or stressful situations. Strategies like mindfulness, meditation, or even regular exercise can significantly contribute to improving resilience.

4. Be assertive, yet respectful, in your interactions can help you navigate workplace conflicts better.

5. It's possible that the culture or environment of the companies you've worked for may not be conducive to your well-being. Consider exploring companies with a more supportive, nurturing, or relaxed work culture.

Going for an MBA will be a costly affair and I would advise you to be sure of your decision.

Furthermore, post MBA; corporate stress is only bound to increase.

..Read more

Patrick

Patrick Dsouza  |1323 Answers  |Ask -

CAT, XAT, CMAT, CET Expert - Answered on Apr 09, 2025

Asked by Anonymous - Jan 31, 2025Hindi
Listen
Career
Hi Career Experts , I am into my 45th year & am a qualified Mechanical Engineer + Full-time MBA in Marketing . Am based-out in a Tier-3 City & am supposed to stay back in my base location only due to family obligations . Worked for 16 Years but had to quit my job in 2021 due to incompatibility issues & not able to absorb / cope-up with the surmounting pressures that are rampant in the corporate world . Since then , have not been able to settle down with a Job although reaching-out & following openings on platforms like LinkedIn actively but all in vain . Had even tried exploring starting-out on my own but risks and insecurity have held me back . Have been somehow managing with my savings & investments done , but that may not go a long way . Success it seems is elusive on all fronts probably due to my age , work-gap , location constraint , maybe some other follies as well etc ? Looking forward to some specific advises pls. (do's & dont's) which may restart and reignite my career , which is in a complete state of mess . Thanks & Regards !
Ans: When you are looking for a job, check multiple sources. Linkedin is one of them. Check placement agencies, connect with your former colleagues, your friends, your batchmates from MBA college who themselves could be in decision making position. You may have to reskill yourself with some short courses. Simultaneously you could look at starting something on your own based on your interest. Could be investment advisory or some small business.

..Read more

Latest Questions
Anu

Anu Krishna  |1652 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 22, 2025

Asked by Anonymous - Jul 15, 2025Hindi
Relationship
Anu Hi. I'm in a really stressful situation and I don't know how to handle it. A few years ago, I was in a relationship with a woman who turned out to be extremely manipulative and possessive. I ended things with her long before I met my wife. I've moved on completely and I'm happily married now. But my ex hasn't. I recently discovered that she has been stalking my wife on social media, creating fake accounts, and even sending her threatening messages. Some of them are nasty and borderline disturbing. She is sharing details about our past relationship that are not relevant. My wife is scared and upset, and it's starting to create unnecessary tension between us. She's beginning to question my past and wonder why this woman still feels entitled to harass her. I really don't want to involve the police or escalate this legally. I want to avoid drama, because I'm also worried it might provoke my ex even further. I just want this to stop. I'm trying to protect my marriage and my wife's peace of mind, but I feel helpless. My wife doesn't respond to her but the details still bother her. What is the right way to handle this without making it worse? How do I reassure my wife, and is there a non-legal way to make my ex back off for good? Am I wrong for trying to avoid police action in a situation like this?
Ans: Dear Anonymous,
If you have nothing to hide from your wife, why worry what your ex will do even if take the legal route?
I think your wife deserves her peace of mind and to actually go the legal way to stop your ex is okay in my opinion especially if she's begun to harass...Don't you think?
A woman that loves you will be reassured only when she feels safe with her man; what are you doing to ensure that?
For starters,
- come clean (if there's anything left to share) with your wife; this will ensure that your ex does not use that to blackmail you
- love you wife even more; actions will matter more than words at this point in time
- do not attempt to meet, text or contact your ex without a legal backing; she may use this against you

You are not wrong in avoiding police action or legal recourse as it can be a lot to handle, but if you are left with no option and your marriage is falling apart, do what it takes to save it...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

...Read more

Nayagam P

Nayagam P P  |9256 Answers  |Ask -

Career Counsellor - Answered on Jul 22, 2025

Asked by Anonymous - Jul 22, 2025Hindi
Career
IIT Hyderabad Mechanical Vs BITS Pilani CSE, which one to choose
Ans: IIT Hyderabad’s B.Tech in Mechanical Engineering operates under AICTE approval and NBA accreditation within a combined Mechanical & Aerospace department, led by 36 Ph.D.-qualified faculty engaged in industry-funded projects, and equipped with RF, VLSI, smart-grid, and design-manufacturing labs. Its curriculum integrates core mechanics, thermofluids, and design streams with research collaborations with DRDO and ISRO. Placement performance for Mechanical Engineering records a 53.70% placement rate over the past three years, with an average package of 18.71 LPA. Robust student support includes a Career Development Centre, technical clubs, and mentorship programs.

BITS Pilani’s B.Tech in CSE, a NAAC A++–accredited program, features a storied department founded in 1971, over 900 faculty across campuses, state-of-the-art AI, data science, and software engineering labs, and global Practice School internships. Its placement cell secures an 82.75% overall placement rate with first-degree students—CSE branch sees virtually all hires—and average packages of 19.70 LPA. Strong alumni networks, active coding societies, and career-readiness workshops further bolster student outcomes.

Recommendation: Considering higher placement consistency, cutting-edge computing infrastructure, and near-universal campus hires, choosing BITS Pilani’s CSE program best maximizes immediate employability and industry immersion, whereas IIT Hyderabad’s Mechanical Engineering offers specialized research exposure and emerging core-engineering opportunities. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |9256 Answers  |Ask -

Career Counsellor - Answered on Jul 22, 2025

Ramalingam

Ramalingam Kalirajan  |9823 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 22, 2025

Asked by Anonymous - Jul 18, 2025Hindi
Money
I have a 6 year fixed deposit which will pay at maturity in Sep-2027. My question is on when to pay tax for this deposit. Should it be paid every year based on interest accrued every year OR only once, at the time of actual interest credit into the account?
Ans: Understanding Taxation on Fixed Deposit Interest

– Interest on fixed deposits is taxable under “Income from Other Sources.”
– Tax is not based on when interest is received.
– It is based on when the interest accrues.
– This is true even if the FD pays only at maturity.

? When Does Interest Accrue?

– Interest accrues every financial year, not just on maturity.
– Banks calculate interest every quarter or half-year.
– Even for reinvestment FDs, interest is earned yearly.
– The entire interest is paid at maturity, but accrues yearly.

? Taxation is Based on Accrual Method

– As per Income Tax Act, interest must be declared yearly.
– This is known as “accrual basis of taxation.”
– Ignoring this may result in tax demand and penalty later.

? Common Misunderstanding About Tax on FDs

– Many believe tax is due only when FD matures.
– This is incorrect under the Income Tax rules.
– This assumption may cause large tax outflow in maturity year.
– Also, it may attract interest and penalty from IT department.

? Your Obligation Each Year

– Every year you must estimate interest accrued.
– Add it to your total income while filing ITR.
– Pay tax as per your income slab on that amount.
– This is applicable even if the interest is not paid out.

? Where to Find Yearly Accrued Interest

– Ask your bank for yearly interest accrual certificate.
– Usually available in April each year.
– This helps in proper tax reporting in your return.

? Tax Deduction at Source (TDS) on FDs

– Banks deduct TDS if interest exceeds Rs. 40,000 per year.
– For senior citizens, this limit is Rs. 50,000.
– TDS is 10%, provided PAN is updated.
– If PAN is missing, TDS can be at 20%.
– TDS is not the final tax liability.
– You still need to calculate your slab tax.
– If you fall in higher tax slab, pay balance tax.
– If your slab is lower, claim refund of excess TDS.

? If You Ignore Annual Reporting

– Tax department can track FD accrual via Form 26AS.
– Interest is also shown in AIS (Annual Information Statement).
– If you don’t report interest, it raises red flags.
– In future scrutiny, you may face tax demand and penalty.

? Tax Planning Suggestions

– Ask bank for Form 16A or interest certificate every year.
– Add accrued interest to your income in your return.
– Pay self-assessment tax if needed before 31st July.
– This avoids last-minute surprise tax burden at maturity.
– Also avoids interest under section 234B and 234C.

? Impact on Overall Financial Planning

– FDs give assured returns but interest is fully taxable.
– This makes post-tax return low for many investors.
– Consider this tax aspect while comparing with other investments.
– For high income earners, debt mutual funds may be better.
– They offer indexation benefit and lower tax impact over time.

? Should You Break FD to Avoid Annual Tax?

– No need to break FD.
– Just declare interest every year properly.
– Even if maturity is far, show yearly interest accrual.
– Maturity proceeds will be tax-free if already declared yearly.

? Tax Filing and Documentation Tips

– Maintain record of FD opening date, amount and maturity date.
– Keep bank’s yearly interest certificate safely.
– While filing ITR, enter interest under “Income from Other Sources.”
– Match with AIS data to avoid mismatch.
– If mismatch found, explain with proof during ITR processing.

? What Happens on Maturity Year?

– In maturity year, you receive full interest and principal.
– But only declare the last year’s interest in ITR.
– Don’t report entire 6 years’ interest again.
– That would mean double taxation.
– Maturity amount already includes taxed portion.

? If You Missed Reporting in Earlier Years

– You can revise past returns for last 2 assessment years.
– File revised returns and pay tax with interest.
– Better to rectify voluntarily than face penalty later.

? Key Tax Rule to Remember

– Interest earned is taxable on accrual basis.
– Even if payment is made on maturity only.
– Pay tax each year, not just in maturity year.

? Ideal Tracking Practice

– Maintain Excel sheet for FD investments.
– Note FD amount, start and end date, and yearly interest.
– Add this value every year while filing your ITR.

? Benefit of Declaring Yearly Interest

– You avoid tax shock in final year.
– You avoid penalty, interest, and notice from IT department.
– You show income transparently.
– This helps in home loan, visa, and other financial proofs.

? Role of a Certified Financial Planner

– A CFP can help optimise tax-efficiency of your investments.
– Can help plan maturity of FD with other cashflows.
– Can suggest better options if tax is reducing returns.
– Regular reviews with a CFP help avoid such confusions.

? Disadvantages of Fixed Deposits

– Returns are low compared to inflation.
– Taxable every year.
– No indexation benefit.
– TDS cuts liquidity.
– Not suitable for long-term wealth creation.

? Alternative Options for Tax Efficiency

– Actively managed debt mutual funds offer better post-tax return.
– They allow better planning for income and withdrawals.
– Short-term and long-term capital gains can be staggered.
– Professional fund manager brings risk control.
– Certified Financial Planner and trusted MFD can help align these.

? Don’t Fall for Index Fund Hype

– Index funds offer low-cost but no flexibility.
– No scope of outperformance during market shifts.
– Poor downside protection in falling markets.
– Better to use actively managed funds guided by experts.
– This helps optimise portfolio across market cycles.

? Disadvantages of Direct Mutual Funds

– Direct plans need your own research and monitoring.
– No access to guidance from a certified mutual fund distributor.
– Most investors lack time or knowledge for this.
– Errors in fund selection or exit timing hurt returns.
– Regular plans via MFD give advice, handholding and long-term value.
– A CFP-aligned MFD ensures aligned goals, reviews and discipline.

? Don’t Rely on Endowment or Investment Policies

– If you hold LIC or Postal policies for investment, evaluate ROI.
– Most of them yield low post-tax returns.
– Consider surrender and reinvest into better options via SIPs.
– A Certified Financial Planner can help this switch efficiently.

? Final Insights

– Tax on FD interest must be paid every year, not just at maturity.
– Interest accrues yearly and is taxable even if not received.
– TDS doesn’t mean your full tax is paid.
– Declare interest each year in ITR.
– Collect interest certificate yearly for accurate tax filing.
– For better returns, explore tax-efficient debt mutual funds.
– Avoid direct funds and index funds without advice.
– Get professional support from CFP and trusted MFD.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x