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Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 12, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 07, 2024Hindi
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I am 65.Still working for 1.5 lakhs per month. it may contnue one more year. I have FDs - 50 lakhs. How shall I plan my retirment.

Ans: Great savings! To plan retirement:

Estimate monthly expenses (including healthcare buffer and inflation).
Calculate post-retirement income (FD interest + pension).
If income covers expenses, you're on track! If not, consider delaying retirement or exploring investments with potentially higher returns (like balanced mutual funds or SCSS).
Talk to a financial advisor for a personalized plan.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 21, 2024

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Hi !!! This is joydev baneree.My per month income is around 1.5 L take home . As on date I have ... Ppf : investing 1.5 L per year Lic : 1.5 L per year Hdfc life insurance : 90 k per year Mutual fund just started with lumsum 50k Home loan : 50 L ( pre emi going on around 40 k per month ) Please advise what should be my best plan to achieve a healthy financial situation after 55 yrs . I am also going to be a Father ( with in 1 month ) . Looking for your kind advise .
Ans: Hi Joydev! First of all, congratulations on the upcoming arrival of your child. This is an exciting time, and it’s great that you’re thinking about securing your financial future as well. With a monthly take-home income of Rs 1.5 lakhs and your current investments and liabilities, you have a solid foundation to build upon. Let’s explore how you can optimize your finances to achieve a healthy financial situation by the time you’re 55.

Assessing Your Current Financial Landscape
Before diving into detailed planning, let’s take a snapshot of your current financial situation:

Income:
Your monthly take-home salary is Rs 1.5 lakhs. This provides a strong base for saving and investing.

Expenses:
Your major monthly expense is the home loan EMI, which is Rs 40,000 during the pre-EMI period.

Investments:

PPF: You’re investing Rs 1.5 lakhs annually.
LIC: Annual premium of Rs 1.5 lakhs.
HDFC Life Insurance: Annual premium of Rs 90,000.
Mutual Funds: You’ve started with a lump sum of Rs 50,000.
Liabilities:
Your home loan balance is Rs 50 lakhs, with a pre-EMI of Rs 40,000 per month.

Creating a Robust Financial Plan
To secure your financial future, especially with a child on the way, you need a comprehensive plan that covers savings, investments, insurance, and debt management.

Evaluating Your Insurance and Investment Choices
You’re currently contributing to LIC and HDFC Life Insurance, which are traditional insurance-cum-investment plans. Let’s assess these:

Insurance Policies:

LIC and HDFC Life: These plans typically combine insurance and investment. However, they often offer lower returns compared to mutual funds and have high costs.
Action Step:

Reassess Insurance Needs: Since these policies are not the most efficient for investment, consider surrendering them. Reinvest the funds into higher-return mutual funds.
Get Term Insurance: Pure term insurance is more cost-effective and provides adequate life cover for your family.
Optimizing Your Investments
You have already started investing in mutual funds, which is excellent. Here’s how to enhance your investment strategy:

Mutual Funds:

Actively Managed Funds: These funds are managed by professionals who aim to outperform the market. They are better suited for higher returns compared to index funds.
Systematic Investment Plan (SIP): Consider setting up a SIP to invest regularly. This will help in averaging your investment cost and building wealth steadily.
Public Provident Fund (PPF):

Safe and Secure: PPF is a secure investment with tax benefits. Continue with this for a portion of your savings as it provides stable returns.
Diversification:

Balance Risk and Return: Diversify your investments across different types of mutual funds like equity, debt, and hybrid funds. This will help manage risk while aiming for higher returns.
Managing Debt Efficiently
Your home loan is a significant commitment. Here’s how to manage it effectively:

Pre-EMI Phase:

Understand Pre-EMI: During this phase, you’re paying only the interest on the loan amount disbursed. This will convert to full EMI once the loan is fully disbursed.
Prepayment Strategy:

Make Prepayments: Whenever possible, make additional payments towards the principal. This reduces the loan tenure and the total interest paid.
EMI Management:

Budget for EMIs: Ensure that your monthly budget comfortably accommodates the full EMI when it starts. This will be higher than the pre-EMI.
Planning for Your Child’s Future
With a child on the way, planning for future expenses is crucial. Here’s how to prepare:

Education and Other Costs:

Estimate Future Expenses: Consider costs for education, healthcare, and other child-related expenses. These can be significant over time.
Children’s Savings Plan:

Start Early: Begin saving for your child’s education and other future needs now. Invest in long-term equity mutual funds to benefit from compounding.
Child-Specific Investments:

Consider Child Plans: Some mutual funds are designed for child-specific goals. These can provide a good mix of growth and safety.
Building a Strong Emergency Fund
An emergency fund is essential, especially with a growing family. Here’s how to build and manage it:

Determine the Fund Size:

Aim for 6 Months: Save enough to cover at least six months of living expenses. This provides a buffer for unexpected situations.
Liquidity:

Keep it Accessible: Place your emergency fund in a high-interest savings account or a liquid mutual fund for easy access.
Regularly Review:

Adjust as Needed: Reassess your emergency fund periodically to ensure it remains adequate as your expenses and liabilities grow.
Planning for Retirement
Achieving a healthy financial situation by 55 includes robust retirement planning. Here’s how to ensure you’re on track:

Set Retirement Goals:

Determine Required Corpus: Estimate how much you’ll need to maintain your lifestyle after retirement. Factor in inflation and healthcare costs.
Separate Retirement Savings:

Use Retirement Accounts: Keep your retirement savings separate from other goals. Use PPF and NPS for tax-advantaged retirement savings.
Regular Contributions:

Invest Consistently: Make regular contributions towards your retirement savings. Increase the contribution amounts as your income grows.
Financial Planning with a Certified Financial Planner
Engaging with a Certified Financial Planner (CFP) can provide valuable insights and tailored strategies. Here’s why you should consider it:

Expert Guidance:

Personalized Advice: CFPs offer expert advice tailored to your financial situation and goals. They help optimize your investments and savings.
Holistic Planning:

Comprehensive Approach: CFPs create a holistic financial plan that covers all aspects, including insurance, investments, and debt management.
Ongoing Support:

Continuous Review: Regular check-ins with your CFP ensure your financial plan stays aligned with your changing needs and goals.
Staying Financially Disciplined
Discipline is key to achieving your financial goals. Here are some tips to maintain financial discipline:

Budgeting:

Create a Monthly Budget: Track your income and expenses. Ensure you allocate funds for savings and investments first.
Avoid Unnecessary Debt:

Be Cautious: Avoid taking on new debts unless absolutely necessary. Keep your debt-to-income ratio low.
Regular Financial Reviews:

Stay Informed: Regularly review your financial plan and make adjustments as needed. This helps you stay on track and adapt to changes.
Leveraging Compounding for Long-Term Growth
Compounding is your best friend when it comes to long-term wealth creation. Here’s how to leverage it:

Start Early:

The Sooner, The Better: Begin investing as early as possible. The longer your money stays invested, the more it compounds.
Consistent Investments:

Regular Contributions: Make consistent investments over time. This maximizes the benefits of compounding.
Reinvest Returns:

Let It Grow: Reinvest any returns from your investments to keep the compounding effect going.
Tax Planning for Optimal Savings
Efficient tax planning can enhance your savings. Here’s how to optimize your tax liability:

Utilize Deductions:

Section 80C: Make use of Section 80C deductions for investments in PPF, ELSS, and insurance premiums to reduce taxable income.
Explore Other Sections:

Other Deductions: Look into deductions under Section 80D for health insurance and Section 24 for home loan interest.
Seek Professional Advice:

Consult a CFP: A CFP can help you navigate tax-saving opportunities effectively.
Final Insights
Joydev, you have a strong financial foundation with a good income and existing investments. By optimizing your insurance and investment choices, managing your debt effectively, and planning for your child’s future, you’re well on your way to securing a healthy financial situation by 55. Regularly review your financial plan, stay disciplined, and seek professional guidance when needed. Your proactive approach and dedication will ensure a prosperous future for you and your family.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 17, 2024

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Hi, I am 33 year old married I have 1 child monthly earning 1.2lk Currently I have 2 home loan 46lack My saving is 5 lack in mutual fund Pf 8 lack Monthly sip 25k I want to retriment at age 55 Pleaese provide solution
Ans: You aim to retire at 55.

You have 22 years to prepare.

Let's review your current financial situation.

Evaluating Your Current Finances
You have two home loans totaling Rs. 46 lakhs.

You have Rs. 5 lakhs in mutual funds and Rs. 8 lakhs in PF.

You also invest Rs. 25k monthly in SIPs.

Your monthly earning is Rs. 1.2 lakhs.

Prioritising Debt Repayment
Focus on managing your home loans.

Consider making extra payments if possible.

Reducing debt will ease financial pressure.

Enhancing Your Savings
Your Rs. 25k monthly SIP is a good start.

Increasing your SIPs over time will boost your savings.

Aim to invest more as your income grows.

Benefits of Actively Managed Funds
Actively managed funds can offer higher returns.

These funds are managed by experts.

They aim to outperform the market.

Importance of Regular Funds
Invest through a Certified Financial Planner.

Regular funds provide professional guidance.

This helps in making informed investment decisions.

Diversifying Your Portfolio
Diversify your investments to reduce risk.

Include a mix of equity and debt funds.

This balances growth and stability.

Reviewing Your Insurance Policies
If you hold LIC, ULIP, or investment-cum-insurance policies:

Consider surrendering them.

Reinvest in mutual funds for better returns.

Planning for Retirement Corpus
Calculate your required retirement corpus.

Consider inflation and future expenses.

A Certified Financial Planner can assist with this.

Creating an Emergency Fund
Establish an emergency fund.

It should cover at least 6 months of expenses.

This safeguards your financial plan.

Monitoring Your Investments
Regularly review your investment portfolio.

Adjust based on performance and goals.

Stay informed about market trends.

Seeking Professional Help
Consult a Certified Financial Planner.

They offer tailored advice.

Their expertise ensures your plan stays on track.

Final Insights
Retiring at 55 is achievable with careful planning.

Focus on reducing your home loans.

Boost your SIPs and diversify your portfolio.

Consider actively managed funds for better returns.

Regularly review and adjust your investments.

Consult a Certified Financial Planner for guidance.

With determination and strategic planning, you can achieve your retirement goal.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 25, 2024

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I am 41 years and have home loan and vehicle loan of 56 lacs for which repayment dine of around 7 lacs and at present i am job less will soon join job how should i plan my retirement of 60 years , i was on the pacakge of 36 lac per year. What should be my retirement corps and how can i plan
Ans: Retirement planning is essential, especially with current loans. Let's plan a robust strategy.

Assessing Your Current Situation
Home and Vehicle Loans: You have loans of Rs 56 lakhs.

Repayment Done: You have repaid Rs 7 lakhs.

Job Transition: You are currently jobless but will join soon.

Previous Package: You earned Rs 36 lakhs per year.

Setting Retirement Goals
Target Age: Plan to retire at 60 years.

Desired Corpus: Aim for a corpus that sustains your lifestyle.

Steps to Plan Retirement
1. Evaluate Monthly Expenses
List all monthly expenses. Include living, utilities, and loans.

Determine expenses post-retirement. Account for inflation.

2. Clear Outstanding Loans
Focus on clearing your home and vehicle loans.

Use any bonuses or windfalls to reduce debt.

Aim for debt-free retirement. It eases financial stress.

3. Emergency Fund
Build an emergency fund. Cover at least 6 months of expenses.

Keep it in liquid funds. They offer safety and easy access.

4. Reassess Insurance Needs
Ensure adequate health and life insurance coverage.

Avoid investment-cum-insurance plans. Separate investments and insurance.

5. Invest for Retirement
Equity Mutual Funds: For long-term growth, invest in equity mutual funds. They offer better returns than fixed income.

Diversification: Diversify across large-cap, mid-cap, and multi-cap funds. It spreads risk.

Regular Contributions: Start SIPs in mutual funds. Regular investments compound wealth over time.

Professional Management: Choose actively managed funds. They have potential for higher returns.

6. Avoid Index Funds
Disadvantages: Index funds mimic the market. They lack professional management.

Lower Returns: Active funds often outperform index funds. Managers can adjust for market conditions.

7. Regular Funds Over Direct Funds
Professional Guidance: Regular funds offer advisory services. Direct funds lack this.

Ease of Management: Managing direct funds needs effort. Regular funds are managed by professionals.

Higher Returns: Professional management can lead to better returns. Advisors provide valuable insights.

8. Regular Review
Monitor Investments: Regularly review and rebalance your portfolio.

Adjust Goals: Reassess goals and strategy based on life changes. Be flexible.

Planning Your Corpus
Estimate Needs: Estimate the corpus needed for retirement. Consider lifestyle and inflation.

Invest Wisely: Aim for a mix of equity and debt investments. Equity for growth, debt for stability.

Start Early: The earlier you start, the better. It allows compounding to work in your favor.

Final Insights
Planning for retirement needs careful consideration. Clear your debts and build an emergency fund. Invest regularly in diversified mutual funds. Avoid index funds and direct funds. Regularly review your strategy and adjust as needed.

Consult a Certified Financial Planner for personalized advice. A CFP can help create a tailored plan to meet your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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Hello Sir, this is Dhiraj DM, I am 48 year's old married with no kids, we have any flat worth 1. 5 cr given on rent around 50 lakhs of equity 20 lacs mutual funds we want to retire in next 3 years,please guide. We live in a metro no liability, we r into Gifting business now want to retire in next 3 years
Ans: Your retirement is just three years away. You have built a strong foundation with real estate, equity, and mutual funds. Now, the goal is to structure your investments for steady income, security, and long-term sustainability.

1. Assessing Your Current Financial Position
Flat Worth Rs. 1.5 Crore: This generates rental income, but liquidity is limited.
Equity Portfolio of Rs. 50 Lakh: Market-linked investments with potential for high returns but volatile.
Mutual Funds of Rs. 20 Lakh: Offers diversification and moderate risk exposure.
No Liabilities: This is a strong advantage for financial freedom.
Gifting Business: If planning to exit, ensure business-related finances are sorted before retirement.
2. Estimating Post-Retirement Income Needs
Calculate expected monthly expenses, including medical, travel, lifestyle, and emergency costs.
Factor in inflation, as expenses will rise over time.
Consider long-term costs such as medical care and home maintenance.
3. Structuring Retirement Income
Rental Income as a Fixed Source
Your flat generates rental income, which helps with stability.
Consider reinvesting this income for further growth.
Portfolio Rebalancing for Stability
Equity exposure is beneficial but risky close to retirement.
Shift some funds to low-risk instruments for safety.
Keep some allocation to equity to combat inflation.
Maintaining Liquidity for Emergencies
Create an emergency fund of at least 2 years' expenses in liquid assets.
Avoid relying solely on investments that require selling in volatile markets.
4. Health and Insurance Planning
Ensure comprehensive health insurance for both of you, at least Rs. 15-20 lakh coverage.
If you hold any old insurance policies with low returns, consider restructuring them.
Create a separate healthcare fund for long-term medical expenses.
5. Tax Efficiency in Retirement
Structure withdrawals smartly to reduce tax burden on capital gains.
Use tax-free instruments where applicable.
Rental income is taxable, so deduct maintenance expenses to lower tax outgo.
6. Planning Investments for Retirement Income
Avoid complete reliance on fixed-income instruments, as they may not beat inflation.
A mix of mutual funds, debt instruments, and systematic withdrawal plans (SWP) will ensure steady cash flow.
Keep some investments growth-oriented to sustain wealth over decades.
7. Estate and Legacy Planning
Prepare a clear will to ensure smooth asset transfer.
If you plan to donate or support causes, structure funds accordingly.
Finally
Ensure liquidity and stability in your investments.
Reduce risk in equity but keep exposure for growth.
Maintain a dedicated healthcare fund and strong insurance coverage.
Structure investments to minimise taxes and ensure steady income.
Plan legacy and succession to avoid future complications.
Would you like a detailed plan on how to allocate your investments for steady retirement income?

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

...Read more

Pushpa

Pushpa R  |49 Answers  |Ask -

Yoga, Mindfulness Expert - Answered on Feb 05, 2025

Asked by Anonymous - Feb 04, 2025Hindi
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My sister is recently diagnosed with second stage of breast cancer. She is always emotional and moody. Can I introduce her to yoga or meditation? Can yoga help her cope with the fear and uncertainty?
Ans: I'm very sorry to hear about your sister’s diagnosis. This is a challenging time, and emotional support is just as important as medical treatment. Yes, yoga and meditation can help her cope with fear, stress, and uncertainty by bringing mental peace, emotional strength, and relaxation.

How Yoga Can Help:
Reduces Anxiety & Fear: Gentle yoga and deep breathing activate the parasympathetic nervous system, which helps in relaxation and emotional balance.
Improves Sleep: Many cancer patients struggle with sleep. Yoga Nidra and slow breathing exercises can promote restful sleep.
Boosts Positivity: Meditation and mindfulness help shift focus from fear to inner peace.
Strengthens the Body: Light yoga can help reduce fatigue and improve overall well-being during treatment.
Recommended Practices for Your Sister:
Breathing (Pranayama): Anulom Vilom (Alternate Nostril Breathing) and Bhramari (Humming Bee Breath) calm the mind.
Gentle Yoga Poses: Child’s Pose, Butterfly Pose, and Legs-Up-The-Wall Pose promote relaxation.
Meditation & Yoga Nidra: Guided meditation can help ease emotional distress and bring hope.
Encourage her to consult a yoga coach for personalized support. With the right guidance, yoga can become a healing companion in her journey.

R. Pushpa, M.Sc (Yoga)
Online Yoga & Meditation Coach
Radiant YogaVibes
https://www.instagram.com/pushpa_radiantyogavibes/

...Read more

Pushpa

Pushpa R  |49 Answers  |Ask -

Yoga, Mindfulness Expert - Answered on Feb 05, 2025

Asked by Anonymous - Feb 04, 2025Hindi
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Mam, can yoga help prevent cancer in women? Please advice
Ans: Yoga cannot guarantee the prevention of cancer, but it can play a supportive role in maintaining overall health, reducing risk factors, and improving well-being. Many studies suggest that regular yoga practice helps reduce stress, improve immunity, balance hormones, and promote detoxification—all of which may lower the risk of cancer in women.

How Yoga Can Help:
Reduces Stress: Chronic stress weakens the immune system and increases inflammation, which can contribute to disease. Practicing meditation, breathing exercises, and relaxation techniques keeps the body in balance.
Boosts Immunity: Gentle yoga poses improve blood circulation and support the lymphatic system, which helps remove toxins from the body.
Balances Hormones: Hormonal imbalances may increase the risk of conditions like breast and ovarian cancer. Regular yoga helps maintain a healthy endocrine system.
Supports Detoxification: Twisting poses and deep breathing help the body eliminate waste and toxins.
Recommended Practices:
Pranayama (Breathwork): Anulom Vilom and Bhramari help calm the nervous system.
Yoga Poses: Cobra Pose, Twists, and Forward Bends improve digestion and circulation.
Meditation & Relaxation: Yoga Nidra and mindfulness reduce stress and promote healing.
For personalized guidance, consult a yoga coach who can create a practice suited to your health needs.

R. Pushpa, M.Sc (Yoga)
Online Yoga & Meditation Coach
Radiant YogaVibes
https://www.instagram.com/pushpa_radiantyogavibes/

...Read more

Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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Get me some clearity on HDFC BALANCED ADVANTAGE FUND as from last few days my portfolio is going in negative
Ans: Understanding Balanced Advantage Funds

Balanced Advantage Funds invest in both equity and debt. They adjust their investments based on market conditions. This flexibility helps manage risk and aim for steady returns.

Recent Performance Insights

It's natural to feel concerned when your portfolio shows negative returns. Remember, short-term declines are common in investments. Balanced Advantage Funds aim to reduce risk by adjusting their investments. This strategy helps manage market ups and downs.

Factors Influencing Performance

Several elements can affect your fund's performance:

Market Volatility: Changes in the market can impact returns.

Asset Allocation: The mix of equity and debt plays a role.

Interest Rate Changes: Fluctuations can influence debt investments.

Economic Indicators: Factors like inflation and GDP growth are important.

Evaluating Fund Performance

To assess your fund's performance:

Compare with Benchmarks: See how it measures up against standard indices.

Review Historical Returns: Look at past performance over different periods.

Consider Risk-Adjusted Returns: Evaluate returns in relation to the risk taken.

Staying the Course

It's commendable to stay focused on your long-term goals. Short-term market changes shouldn't deter your investment strategy. Maintaining discipline is key to achieving financial objectives.

Consulting a Certified Financial Planner

For personalized advice, consider consulting a Certified Financial Planner. They can provide guidance tailored to your financial situation.

Final Thoughts

Market fluctuations are a part of investing. Balanced Advantage Funds are designed to manage these ups and downs. Staying informed and patient can help you reach your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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Hello, my mother is 62 year old pensioner. She has invested funds in government securities and postal schemes. Despite submitting 15H form and filing ITR (as a senior citizen person), her tax is getting deducted. Can you kindly explain why this is happening?
Ans: There are a few possible reasons why TDS (Tax Deducted at Source) is being deducted from your mother's investments, despite submitting Form 15H and filing ITR.

1. Incorrect or Late Submission of Form 15H
Form 15H must be submitted at the start of the financial year to all institutions where she has investments.
If submitted after TDS is deducted, it won’t apply retrospectively to recover the deducted tax.
Ensure the form is submitted separately to each bank, post office, or financial institution.
2. Exceeding the Basic Exemption Limit
For senior citizens (60+ years), income up to Rs. 3 lakhs is tax-free.
If her total taxable income (pension + interest from investments) exceeds Rs. 3 lakhs, TDS will still apply.
Even if TDS is deducted, she can claim a refund while filing her ITR if her total tax liability is zero.
3. Form 15H Validity Rules
Form 15H is only valid if total taxable income is below the exemption limit.
If her total income is more than Rs. 3 lakhs, banks and post offices will ignore Form 15H and deduct TDS.
4. Different TDS Thresholds for Investments
Banks deduct TDS on FD interest if it exceeds Rs. 50,000 per year for senior citizens.
Post Office schemes (like SCSS) deduct TDS if interest crosses Rs. 50,000 per year.
Government securities may also have TDS rules based on the issuing authority.
5. PAN Not Updated with the Bank/Post Office
If PAN is not linked to the investment accounts, higher TDS at 20% is deducted.
Ensure all investments have PAN updated to avoid excess TDS.
6. Errors in Tax Deduction System
Sometimes, banks deduct TDS even if Form 15H is submitted correctly.
In such cases, she can file an ITR and claim a refund from the Income Tax Department.
What to Do Now?
Check total taxable income to confirm if she qualifies for Form 15H.
Verify all Form 15H submissions with banks and post offices.
Ensure PAN is updated in all financial institutions.
If TDS is wrongly deducted, file an ITR and claim a refund.
Would you like help with checking if she is eligible for a refund?

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

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

...Read more

Ramalingam

Ramalingam Kalirajan  |7838 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 05, 2025

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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