Confused about Career Path after Commerce Post Graduation?

Ans: There is concept of advance tax.

Please read about it from https://incometaxindia.gov.in/Documents/Tax-Calendar/Payment-of-Advance-Tax.htm#:~:text=What%20is%20Advance%20Tax%3F,during%20the%20financial%20year%20itself.

Ans: NPS Tier 2 is a flexible investment option. However, it does not have tax benefits like Tier 1. The tax treatment of your investment depends on when and how you withdraw.

Tax on Principal vs. Interest

You do not pay tax on the invested amount.
The entire withdrawal amount, including gains, is taxable as per your income tax slab.
Tax at the Time of Withdrawal

The withdrawal amount is added to your annual income.
You will be taxed as per your income tax slab in that financial year.
Taxation Frequency

There is no annual tax on the interest.
Tax is applicable only at the time of withdrawal.
Limitations of NPS Tier 2
No Tax Benefits

Unlike Tier 1, there are no deductions under Section 80C.
Market-Linked Returns with No Exit Benefits

NPS Tier 2 investments are linked to the market.
However, they do not get the same tax advantages as mutual funds.
Liquidity and Lock-in

There is no mandatory lock-in for regular investors.
For government employees, there is a 3-year lock-in.
Not an Ideal Wealth Creation Tool

Returns are uncertain.
Mutual funds provide better long-term tax efficiency.
Better Alternatives to NPS Tier 2
If your goal is wealth creation, consider these options:

Equity Mutual Funds
They offer long-term wealth growth.
Actively managed funds aim for better returns than passive funds.
Long-term capital gains (LTCG) above Rs. 1.25 lakh are taxed at 12.5%.
Short-term capital gains (STCG) are taxed at 20%.
Debt Mutual Funds
Suitable for stability with moderate returns.
Gains are taxed as per your income tax slab.
More flexible than NPS Tier 2.
Gold ETF
Good for diversification.
Easy to buy and sell.
Gains are taxed as per your income tax slab.
PPF (Public Provident Fund)
A safe, long-term option.
Completely tax-free returns.
Limited liquidity.
Final Insights
NPS Tier 2 does not provide tax benefits.
The entire withdrawal amount is taxable.
Mutual funds offer better tax efficiency and flexibility.
Equity funds can create wealth over 10-15 years.
Debt funds offer stability with better liquidity.
Consider gold ETF and PPF for diversification.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Exemption for 2 properties is available up to Rs 2 crore of capital gain once in a lifetime

Ans: Tax will depend on nature of Income.

E.g. On salary, income on transfer of debt mutual fund and business income slab rate is applicable. Slab rate will depend on tax regime (old/new) selected by you.

In case of income from transfer of STT paid equity shares/equity based on mutual fund 12.5% to 20% will be charged based on long term or short term nature of capital gain.

Ans: For now, focus on nurturing his interest in Maths & Science with Olympiads, mental aptitude tests, and foundation programs. From Class 9 onward, start structured JEE preparation with coaching if required. A balance between conceptual learning, self-practice, and guided coaching will put him on the right path to IIT Delhi or IIT Bombay. All the best for your Son's Bright Future!

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Ans: You've shared your background, but your question is missing.

Ans: With an AIR of 609 in GATE EE and belonging to the OBC-NCL category, your son stands a favorable chance of securing admission to M.Tech programs at IITs, contingent upon specific institute cutoffs and seat availability. All the best for your Son's admissions!

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Ans: Nikita, You can switch to PCM (Physics, Chemistry, and Mathematics) after PCB in 2023 to take JEE Main and JEE Advanced in 2026. However, there are certain crucial points: In order to be eligible for JEE Main and Advanced, Mathematics must be a mandatory subject. Candidates for JEE Main and Advanced must have studied math in 12th grade. Since you finished PCB in 2023, you must take Mathematics from a recognized board like NIOS or state board. Year of 12th Pass with JEE Main: After Class 12, you can take JEE Main for three years, therefore you can appear in 2026. JEE Advanced: Only two years after Class 12 may you take JEE Advanced. Since you finished 12th in 2023, you qualified for JEE Advanced in 2023 and 2024. You cannot appear in 2026. Prepare well for JEE Main 2026 to get into NITs, IIITs, and other engineering schools. Since you won't be qualified for JEE Advanced 2026, consider private engineering colleges, state engineering admission examinations, or other reputable institutes. All the best for your admissions!

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Ans: Well done on getting an amazing 97.94 score on the XAT! The XAT 2025 cutoffs say that the general cutoff for female candidates who are not engineers in XLRI's PGDM in Business Management (BM) program is set at the 91 percentile. Your rate is higher than this level, so you should be considered. ?

You may also be eligible if you meet the following area cutoffs:

82 percentile for quantitative ability (QA).  Verbal and logical reasoning (VALR): 80 percentile.  80% percentile for Decision Making (DM). It is important to make sure that your sectional scores are in line with or higher than these set standards. ?

If you meet these requirements, you can move on to the next steps, which include Group Discussions (GD), Personal Interviews (PI), and Written Ability Tests (WAT). However, your final admission depends on how well you do on these tests. Doing a lot of preparation is important if you want to increase your chances of getting into the school. ?

I hope that your future selection process goes well. All the best for your admissions!

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