Dr madam, I am 63+ yrs young. My wife 54+ yrs. I hv neck pain last 14-15 yrs with irregular exercise, but some time pain, so exercise forced to be stopped. Also knee problem dure injury at my 31yrs age. May I go to chiropractor for improvement or physiotherapy again last done in oct 2019.

Ans: Around Rs.562000 for FY 2025-26 New Regime

Ans: Around Rs.208000 for FY 2025-26 New Regime

Ans: Right, It holds true for FY 2025-26

Ans: If you are going for Old Tax Regime then following options for reduction in Tax outgo
1. Standard Deduction on salary
2. HRA
3. NPS contribution from Salary
4. Investments under 80 C i.e. Life Insurance, Tax saving MF, 5 yr FD
5. Mediclaim 80D
6. Voluntary Payment of NPS upto Rs.50000
7. If you have home loan then Home loan Principal can be claimed under 80C and Interest under House Property
8. Interest on Savings Account upto Rs.10000
Based on these deduction, you need to calculate total deduction and tax liability. If the Income after deduction goes below Rs.5 Lakhs, No tax liability for you

Ans: No tax upto 12 Lakhs is for those who opt New Regime. For Old regime and Income above 12 Lakhs, the tax slabs and rate are applicable

Ans: Capital Gain Liability needs to be calculated for your mother in law. The amount received to your wife is gift and a gift deed needs to be executed

Ans: Actual rent paid Rs.2 Lakhs

Ans: Hello;

Please provide following inputs:

1. Average monthly expenses (regular)

2. Total loan EMIs for a month

3. Emergency fund/EPF/PPF balance, if any.

This will help to guide you suitably.

Thanks;

Ans: Hello;

Many health insurance companies offer coverage of maternity expenses in their plans, however you need to look out for:

1. Wating period ranging from 1 to 2 years. Maybe higher if spouse has some previous ailments like hypertension, diabetes etc and also if spouse age is higher.

Some companies may warrant a prior health check up before underwriting.

2. Sub-limits on coverage. For eg some companies offer limited neo-natal coverage.

3. List of network hospitals for cashless claim. Also need to avoid blacklisted hospitals.

4. Do your own study and also seek help from an insurance advisor.

Apart from private insurers do take a look at the offerings by Govt general insurance companies too.

Best wishes;