Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Vivek Lala |317 Answers |Ask -Follow

Tax, MF Expert - Answered on Mar 20, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by VIVEK on Mar 17, 2023Hindi

Listen

Money

Am a GOI servant having 1.14l per month as gross income. net after deductions comes to 75k. I have PLI, LIC, HDFC sanchay plus, PPF as IT savings every year along with covered under NPS. Which tax regime is better option for me New or Old

Ans: New regime is better

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.

MoneyReply

You may like to see similar questions and answers below

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 02, 2023

Question by durga - Feb 01, 2023Hindi

Listen

Money

my income is 14 lakhs +. which ie old or new tax regime is better for me. I have no savings.

Ans: Hi Durga
You may save about Rs. 1.06 Lakhs by opting for the new tax regime

Mihir Tanna |1059 Answers |Ask -Follow

Tax Expert - Answered on Feb 15, 2023

Question by sunil - Feb 03, 2023Hindi

Listen

Money

My annual income is 10 to 12 lakhs. Which old or new tax regime is better for me? I have some savings like lic etc

Ans: For person not taking advantage of al tax saver investments/deductions, new tax regime is beneficial as per proposal of Budget for FY 23-24

Vivek Lala |317 Answers |Ask -Follow

Tax, MF Expert - Answered on Mar 11, 2023

Question by Raghavendra - Feb 08, 2023Hindi

Listen

Money

My Income is 12 lakhs, and savings Child tution fees, GPF contribution all comes over 1.5 lakhs and also in 80D Medical Insurance 23000. Is old or New tax regime beneficial?

Ans: New regime is better from FY 23-24. So rather than blocking your assets for a period of 15yrs, you can choose an investment with no lock in and still pay less taxes using the new regime.

Mihir Tanna |1059 Answers |Ask -Follow

Tax Expert - Answered on Feb 28, 2023

Question by Chandan - Feb 09, 2023Hindi

Listen

Money

I have salary+ other source(FD , S/B interest) income of 30 lacs p.a. Which regime is better for me.. I don't have any home loan or nps, So considering only 80C , what will be the tax burden in old and new regime..

Ans: Person having taxable income around 30 lacs and take deduction less than 4.25 lacs from housing loan/80C/80D, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24

In future, you can calculate the tax from following link :

https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx

Mihir Tanna |1059 Answers |Ask -Follow

Tax Expert - Answered on Feb 13, 2025

Asked by Anonymous - Feb 12, 2025Hindi

Listen

Money

Dear Sir. My salary per month is Rs1,20,000. The only investment I have made is two houses for which I am paying Rs45000 EMI every Month. Since I am paying debts the following is the breakup, Monthly Salary: Rs1,20,000 Housing Loan EMI: Rs 45,000 Paying my friends who lend money + personal Loan: Rs 35,000 (which will not be considered for TAX) For Another six months I have to pay to finish the loans and Pay friends. Jewel Loan - 7lakh remaining Monthly EMI: Rs10,000 (which will not be considered for TAX) Monthly household expenses + Kids Van fees + Kids Music class Fees: Rs.25000 SIP Monthly-Not Tax saving SIP's : Rs.5,000 (From OCT 2024 -Feb 2025 Saved Rs.25,000 so far.) Total: 45000 + 35000 + 10000 + 25000 + 5000 = Rs. 1,20,000 Since this is my state of my expenses. Please tell me should I opt for Old Tax Regime or New Tax Regime. Thank you Sir.

Ans: As you dont have any deductions u/s 80C 80D 80CCD, new tax regime is likely to be beneficial for you

Latest Questions

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Asked by Anonymous - Jun 10, 2025

Career

Sir I am from gen cat I have scored 142 marks in iat can I get btech branch in iiser Bhopal ?

Ans: Yes, a score of 142 in the IAT (IISER Aptitude Test) for the General category in the IAT 2025 exam could potentially allow you to gain admission to a B.Tech program at IISER Bhopal. While there isn't a guaranteed cut-off score, IISER Bhopal does have a minimum requirement for Class XII aggregate marks, and a score of 142 on the IAT, along with meeting the minimum Class XII requirements, puts you within a range where admission is possible.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Asked by Anonymous - Jun 10, 2025

Career

I have a jee advanced rank of 4800 in diversity category...What are the best options available for me ?

Ans: With a JEE Advanced rank of 4800, a diversity category student might be able to get into several IITs, particularly the newer ones and those with a more diverse course selection. IITs like IIT Hyderabad, IIT Kharagpur, IIT Delhi, and IIT Roorkee could be accessible within this rank range. The availability of specific courses and IITs will also depend on the specific category (e.g., SC, ST, OBC-NCL, EWS) and the student's preference.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Asked by Anonymous - Jun 10, 2025

Career

Which is preferred option for Mechanical Engineering. College of Engineering Trivandrum (CET) or RV College of Engineering

Ans: For mechanical engineering, College of Engineering Trivandrum (CET) is generally considered a stronger choice than RV College of Engineering (RVCE). While RVCE is a reputable institution with a strong mechanical engineering department, CET is often favored due to its reputation, strong placement records, and the fact that it's the top-ranked government engineering college in Kerala.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by Meera - Jun 10, 2025

Career

Which is better electrical engineering at iit patna or engineering physics at iit hyderabad

Ans: Don't compare between PANEER and CHICKEN. Let me know what is your choice? You are very highly confused.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by Srinivasa - Jun 10, 2025

Career

My son got 44900 OBC category rank in jee mains. In which NITs and GFTIs seat availability for my son

Ans: With an OBC category rank of 44900 in JEE Mains, your son might have a chance at admission to some newer or less popular NITs and GFTIs. To explore his options, he should check the JoSAA's past-year opening and closing ranks for various NITs and GFTIs.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by Jayshar618 - Jun 10, 2025

Career

Hello sir I got 2069 rank in vit mtech integerated program can i prefer with vit mtech integrated btech in anyother colleges i got 178.5/200 cutoff

Ans: You go for VIT M.Tech integerated program. Best of luck.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Asked by Anonymous - Jun 10, 2025

Career

My son got 488 in jee advance.which top IIt can he get

Ans: With a JEE Advanced score of 488, your son has a good chance of getting into a reputable IIT, potentially including IITs like Roorkee, Hyderabad, or others depending on the specific course and seat availability. It's difficult to predict the exact IIT and course he'll get without knowing his exact rank, the difficulty level of the JEE Advanced exam, and the seat matrix for that year.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by sri - Jun 10, 2025

Career

Is cbit cse best or nit warangal chemical best?

Ans: You can't compare between KAJU BARFI & SAMOSA. Let me know your choice first. Please be free from wrong vision.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by Vijay - Jun 10, 2025

Career

Currently many Layoff happening in IT. is it good option to take CS/ AIML or better to take ECE as semi conductor job going to be more in next 5years. pls suggest

Ans: Take ECE as semi conductor job, that will be more stable. I will be always available for guiding you.

Prof Suvasish Mukhopadhyay |1157 Answers |Ask -Follow

Career Counsellor - Answered on Jun 10, 2025

Question by elango - Jun 10, 2025

Career

hi sir, i'm from tamilnadu, my son got 94.70 percentile in JEE Mains in OBC-NCL Category. can we get NIT or IIIT in Tamilnadu with CSE or B. Tech IT is possible sir?

Ans: With a 94.70 percentile in JEE Mains as an OBC-NCL candidate, you likely have a good chance of securing a seat in an NIT or IIIT, but getting Computer Science Engineering (CSE) at a top-tier NIT in Tamil Nadu will be challenging. However, you could potentially get CSE in a lower-ranked NIT or IIIT, or explore other branches like ECE or Electrical in mid-tier NITs, especially with the home state quota.

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x