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Mihir Tanna |1056 Answers |Ask -Follow

Tax Expert - Answered on Jul 23, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Question by Raghav on Jul 22, 2023Hindi

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I have exhausted 80C and even used NPS for my wife's tax deduction..I have used my home loan intrest and principal both.....since doesnot have any mediclaim which is a part of my savings..what else I can use to save her taxes...its abt 25K I still need to adjust to keep claimable amount below 5lakhs

Ans: If you have done actual payment/eligible for deduction/exemption, you can claim deduction like u/s 80TTA for saving interest earned, u/s 80G if you have made donation to eligible exempt trust etc

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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Question by Praveen - May 15, 2023Hindi

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Dear Mr. Tanna, Are there any tax saving options available, considering I am on new tax regime. Also, I don't have any home/auto/etc. loan, and stay in my own apartment. Regards, Praveen

Ans: Under new tax regime in addition to low tax slab rate, few deductions are available like Employer’s Contributions to Employees NPS Accounts, certain deduction from salary income like standard deductions, Transport Allowance, Conveyance Allowance, Perquisites for official purpose etc

Mihir Tanna |1056 Answers |Ask -Follow

Tax Expert - Answered on Feb 17, 2024

Asked by Anonymous - Dec 18, 2023Hindi

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Can I pay my wife allowance or salary for services like cooking, rent etc., and claim IT exemption? I have heard cases where son pays rent to his father and claims exemption. Does the same works for husband and wife? Can you suggest some ways tax can be saved, other than hom lo

Ans: If a spouse is owner of property and 100% contribution is given by spouse; she can charge REASONABLE rent to spouse and she is required to offer the same in ITR. Further, exemption for rent paid can be claimed if HRA is part of Salary and PAN of spouse is given to employer (in case of rent is more than 1 lac).

If you are not receiving HRA but paying rent, person can still get a tax deduction u/s 80GG of the Income Tax Act. The maximum deduction is Rs 60,000 p.a.

Milind Vadjikar |1238 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 03, 2024

Asked by Anonymous - Jun 24, 2024Hindi

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I have taken home salary of 1.41lakhs. I have declared below items under old tax regime. Home loan interest - 2 lakhs HRA - 3.8 lakhs Principle payment of home loan + pf (80 C) - 1.5 lakhs. Medical insurance 80 D - 40k standard deduction - 50k What are all the other options I can take to save tax. Kindly let me know

Ans: Hello;

You may invest 50 K in NPS and claim deduction for the same under Sec. 80 CCD(1B) over and above the 80 C deductions.

Best wishes;

T S Khurana |479 Answers |Ask -Follow

Tax Expert - Answered on Aug 10, 2024

Asked by Anonymous - Jul 28, 2024Hindi

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I would like to seek your advice on tax-saving options. My yearly income is approximately ?35 lakhs. Every month, ?28,000 is deducted for PF. I have medical insurance with a premium of ?50,000 and I contribute to NPS over 12 months. Additionally, I have a home loan with an annual interest payment of ?2 lakhs. Could you please suggest some ways to save on taxes? Thank you for your assistance.

Ans: You have planned well & already covered Savings Limit u/s 80-C (Rs.1,50,000.00; 80-D (Rs.25,000.00; 80CCD (1B) Rs.50,000.00 (hope your contribution under this scheme is at least Rs.50,000.00 during the year) & Interest on Housing Loan u/s 24(b) (Rs.2,00,000.00. There is hardly any further scope for other tax saving investments.
Most welcome for any further details. Thanks.

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Tax Expert - Answered on Oct 04, 2024

Question by Inderpal - Oct 04, 2024Hindi

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My wife is a senior citizen with bank fd of 46 lack She is annually receive around four lakh and have no other sources of income She has submitted from 15g for non tax deduction at source still it is being deducted what is the way out Total annual income is approx four lack only kindly guide

Ans: Since income of your wife is more than the basic exemption limit of income tax, bank has to deduct
TDS and deposit the same with the department. In future, you may not submit Form 15-G for this purpose.
Most welcome for any further clarification. Thanks.

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Dr Nagarajan J S K |650 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 03, 2025

Asked by Anonymous - Jun 03, 2025Hindi

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I have given 2 attempts in neet but unfortunately couldn't clear it...I have completed my graduation from local degree college. Now I'm thinking of doing my post graduation from lucknow university with masters in public health. Is it a good idea?

Ans: HI,
Why couldn't you succeed? The reason may be that you completed your undergraduate degree simultaneously. If you had planned properly, you would have been able to pass the NEET exam. Unfortunately, that didn't happen.

NO. Once again, you seem to be making a mistake. Why did you choose Public Health? Do you understand its scope? If you don't, then why are you pursuing it?

Let me remind you that anyone can appear for NEET after completing a BSc. Here are the requirements.
B.Sc. Examination of an Indian University provided that he/she has passed the B.Sc. Examination with not less than
two of the subjects Physics, Chemistry, Biology (Botany, Zoology)/Biotechnology and further that he/ she has passed
the earlier qualifying examination with Physics, Chemistry, Biology, and English.

BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Asked on - Jun 03, 2025 | Answered on Jun 03, 2025

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I couldn't clear neet because I prepared for it online and I had many family issues and now I'm drained , and plus last time there was paper leak , and this time paper was of so hard level, I can't waste one more year now ....I was thinking of alternate options and masters in public health sounded best for me...now considering my situation please suggest

Ans: HI, what is the scope of public health in India? Do you have any idea? Without understanding the field and job opportunities, choosing this course could be unwise. Consider selecting another course.
BEST WISHES.

Asked on - Jun 03, 2025 | Answered on Jun 03, 2025

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Sir, can you suggest any other course for me? I'll be highly grateful

Ans: HI,
What is the major and ancillary subjects in UG?

Dr Nagarajan J S K |650 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 03, 2025

Question by Vennila - Jun 03, 2025Hindi

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Vennila Asked on - Jun 02, 2025 I have got admission in VIT vellore Btech Biotechnology and Christ University bsc Biotechnology. Which should I opt

Ans: HI,
You can proceed with the B.Tech in Biotechnology at VIT. Generally, the B.Tech program lasts four years, while the B.Sc program is three years. I'm not sure which option you preferred at Christ University—was it the B.Sc or the B.Sc (Hons)?

If you preferred the B.Sc (Hons), I recommend comparing the syllabi of both colleges to see which curriculum has a stronger focus (flavor) on biotechnology. Whichever program emphasizes biotechnology more, you should select that specific college.
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Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Question by Harshul - May 31, 2025Hindi

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Sir, I got a rank of 19,000 in jee mains. I wish to pursue spacetech, aeronautics or mechanical as a field. What are the colleges I should aim for?

Ans: You should study Mechanical Engineering in any top NITs. Then you should do Masters in spacetech or aeronautics from top IITs or foreign universities

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Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Asked by Anonymous - May 31, 2025Hindi

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Sir, I am getting VIT bhopal cse specialization in gaming technology (in category 1) and Jaypee noida ece. Which one should I choose

Ans: If you are deeply passionate about game development then go for VIT Bhopal CSE (Gaming)
If you want broader career options, better alumni/connect, or may switch fields then go for Jaypee Noida ECE

Dr Nagarajan J S K |650 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 03, 2025

Question by Rishu - May 31, 2025Hindi

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Sir,my son got mechanical engg in Thapar in 1st round and we hope for upgradation in subsequent rounds.i am from Chandigarh. How are placements in Mechanical Thapar

Ans: Hi Rishu,

Achieving a CGPA of 9.5 or 10 is quite easy, but success in interviews is a different story. Very few students actually succeed in interviews, and not everyone manages it. While many institutions are working hard to place their students, a candidate's performance in an interview greatly depends on their own preparation. Without proper preparation, even the best institutions may not be able to help them succeed.
Encourage your son to acquire knowledge and skills related to his subjects. After two years, he should consider pursuing additional courses that relate either to his main subject or to interdisciplinary topics. This will enhance his employability in the industry. It's also important to note that many students lack soft skills, which are crucial for securing a job. Therefore, insist that he develops both soft and hard skills to ensure he is employable once he completes his course.
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Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Question by Senthil - May 31, 2025Hindi

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Sir my son a ece seat in srm main campus is it a good choice or I should change the college

Ans: One of the good college

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Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Question by Hitesh - May 31, 2025Hindi

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Hi! Sir, My son is holding Canadian citizenship and also holds OCI. He just has completed his 10th with 98 %tile from Gujarat Board. Now he has got admission in 11th Science. My question is that will he get admission in government engineering colleges or IITs as per general quota like Indian citizens?. What will be the fees for OCI holder to get admission for government engineering colleges?. I will wait for your favorable response. Thanks Hitesh Patel.

Ans: Criteria Eligibility for Your Son (OCI, Canadian Citizen)
JEE Main (NITs/IIITs) Eligible (General Category only)
JEE Advanced (IITs) Eligible (General Category only)
State Government Colleges (Gujarat) Possible under ACPC; check if general/NRI quota applies
Fee for IIT/NIT Indian general category fees if admitted via JEE
Fee for State Colleges Normal fees (if general quota); High if NRI quota

Prepare for JEE Main/Advanced if aiming for IITs/NITs.

Check with ACPC Gujarat for general quota eligibility in govt. colleges.

Keep all documents ready: OCI card, domicile (if any), birth certificate, and 10th marksheet.

Consider backup options like DASA scheme or private colleges with NRI quota if needed.

Dr Dipankar Dutta |1538 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Asked by Anonymous - May 31, 2025Hindi

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I want cse branch in NIT or IIT what is the minimum score to qualify? My category sc

Ans: NIT Trichy, Surathkal, Warangal 96–98+ Top 100–300 (SC Rank)
NIT Calicut, Rourkela, Jaipur 94–96 Rank 300–600 (SC Rank)
Lower NITs (e.g., NIT Patna, Agartala) 85–90 Rank up to 1500–2000

IIT Bombay, Delhi, Madras Rank 1–80 (very tough)
IIT Roorkee, Guwahati, BHU Rank 150–300
Newer IITs (e.g., IIT Jodhpur, Bhilai) Rank 300–500

Dr Dipankar Dutta |1538 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Asked by Anonymous - May 31, 2025Hindi

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Bangalore residence. VIT AP CSE (category 3 4L per year) vs SRM KTR ECE (thru SRM JEE merit 2.75L per year) vs PESIT ECE(7L per year). Can you advise which one should I consider for my son? He is ok for pursuing any - ece or cse. Considering placement prospectus which one would you advise considering distance, fees and job prospectus?

Ans: If you can stretch the budget, go with PESIT Bangalore. It has:

Best placement ecosystem

Best city for opportunities

ECE at PESIT still allows IT jobs

If budget is moderately constrained, then SRM KTR is a solid compromise.

Dr Dipankar Dutta |1538 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Jun 03, 2025

Asked by Anonymous - May 31, 2025Hindi

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I got vit bhopal for cse aiml in category 1. Should i pay fees

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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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