Purchased a Flat in 2013 for 27 Lakhs, Reselling for 34 Lakhs: Capital Gains Tax and Loan Deposit Queries

Ans: Hello;

Formula for monthly pension under EPS is:

Monthly pension=(pensionable salary X pensionable service)/70

The pensionable salary is the average monthly salary of the last 60 months.

Pensionable service is in number of years while being EPFO member.

Also EPF and EPS are two separate schemes.

EPF you get as lumpsum on retirement while EPS is the pension scheme.

12% of employee contribution and 3.67% of employer contribution goes towards EPF

While only 8.33% of employer contribution goes towards EPS.

As per above formula, your spouse may expect a monthly pension of around Rs. 5350/- after completion of 25 year service.

Best wishes;

Ans: Hello;

While selecting annuity service provider apart from higher rate of annuity, due importance must be given to the solvency ratio, strong parentage, company having management and board committed to high standards of ethical conduct and integrity.

To retain neutrality of this forum, we are not in a position to recommend any specific insurer however if you search based on above factors, you will surely be able to find the best for your requirement.

Best wishes;

Ans: Hello;

EPS scheme stops at 58 years of age and you may opt for deferred pension for two years i.e. upto 60 age.

Then you are supposed to get pension by submitting form 10 (D).

EPF contribution can continue till such time as you keep working.

In this case both employer as well as employee contribution go to EPF.

Opt for pension and continue in service till the time you want.

Best wishes;

Ans: 01. If your total income does not increase Rs.5.00 lakhs, you won't have to pay tax, since tax rebate u/s 87 would be available to you.
02. You total Income is Rs.5.40 (1.20+1.20+3.00) lakhs. If exemption of Rs.1.25 lakhs from LTCG has not been considered in above calculations, there will be no tax. Otherwise Tax liability would be there.
Most welcome for any further clarifications. Thanks.

Ans: Here are some ideas that will help you, Mr. Shashikant. 1) Figure out what went wrong with your sales job. Problems with the product, not getting enough exercise, goals, stress, and your part can all affect how well you do your job. 2) Figure out what you're good at when it comes to banking products and services, talking to people, and managing relationships with clients. Think about jobs that don't require a lot of sales, like credit research, customer service, and back office work. 3) Get more attention by getting new certifications and learning new skills like CRM, Excel etc. 4) Look into jobs besides sales, like those in banking and non-banking financial companies (NBFCs), the insurance industry, and financial services support. 5) Use LinkedIn, talk to former coworkers or bosses, and look for casual or freelance work to find work. You can even approach a Professional Career Coach such as Vikram Anand etc. to help you in fine-tuning your Resume, Job Search Strategies through LinkedIn, Job Interview Skills etc. 6) Figure out how to handle money while you're away. Spend less on things you don't need, think about getting a part-time job, and ask your family for short-term financial help. 7) Never get demotivated. Be very determined & stay active. All the BEST for Your Son’s Prosperous Future.

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Ans: When pregnant, you should eat a variety of foods to ensure you, and your baby get the nutrients they need:
Fruits and vegetables:
Eat a variety of fruits and vegetables, including dark leafy greens, to get vitamins and minerals.
Whole grains: Eat whole grains like brown rice, barley, quinoa, and whole-wheat bread.
Protein: Eat a variety of proteins, including lean meats, poultry, fish, eggs, beans, peas, nuts, and seeds.
Dairy: Choose pasteurized dairy products like milk, cheese, and yogurt.
Folate and folic acid: Eat foods that are high in folate and folic acid, such as cereal, spinach, beans.
Omega-3 fatty acids: Eat foods that are high in omega-3 fatty acids, such as fish liver oil, salmon, shrimp
Flax seeds
Iron: Eat foods that are high in iron to make up for the increased amount of blood in your body, green veggies, dates, jaggery, beet root carrots, prepare food in iron pan.
Fiber: Eat enough fiber to prevent constipation, which is common during pregnancy.
Food that can be eaten during acute morning sickness is
1) Ginger
2) Lemon
3) Mint
4) Curd
5) Coconut Water
6) Rice Water
7) Khichdi
8) Bananas
9) Watermelon
10) Toast
11) Jeera Water
12) Ajwain
13) Cardamom
14) Pomegranate Juice
15) Bland Biscuits and Crackers

Ans: Mr. Manan, In fields such environmental impact assessment, sustainability, and renewable energy, environmental consulting experience can be quite helpful. To maximize this, assess your present role performance and grow from it. Think about career paths connected to environmental engineering include government advisory jobs, big corporations, renewable energy companies, or technical consulting. Get certificates, technical skills, and project management certifications to strengthen your qualifications. Examine the long-term advantages of environmental consulting, including exposure to many sectors and chances for concentrating on audits, compliance, or impact studies. Think about career development, either long-term—consider environmental sector entrepreneurship or leadership possibilities—or temporary, working in consulting for two to three years. Last but not least, keep your present position by aggressively networking, thinking about a Master's degree, looking for companies like Ernst & Young, KPMG, Tata Power, or environmental advocacy organizations. Remember that your present situation is an excellent stepping stone; with proactive work, you may design a career path that brings fulfillment. All the BEST for Your Son’s Prosperous Future.

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Ans: Considering your age 37 and husband 39 and planning to have a baby
The chance of having a child with Down syndrome increases with the mother's age:
Age 25: The chance is about 1 in 1,200
Age 35: The chance is about 1 in 400
Age 40: The chance is about 1 in 100
Age 45: The chance is about 1 in 30
If you're over 35 and thinking about getting pregnant, you can:
Get genetic counseling to learn more about your risk
Get regular checkups
Eat a variety of healthy foods
Get regular exercise and plenty of rest
Avoid smoking, vaping, drinking alcohol, and using cannabis or other drugs
To start folic acid (vit B6 and B 12) and DHA 3 months prior to conception.
Learn about prenatal testing for chromosomal conditions like your gynae will perform serial ultrasound at different trimesters like NT SCAN, anomaly scan, fetal 2 D echo and blood markers like dual marker and NIPT to rule out any form of congenital anomalies.

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Most welcome for any further clarifications. Thanks.