Hello Sir, first of all thanks for your valuable inputs in this column. Currently my age is 43 & i have corporate insurance policy with cover of 5 lacs . So is it advisable to addon some more additional health insurance cover now or wait till i quit/lose my job ( after next 3-4 years) & than take fresh health insurance. Incase of first case, if i take addon cover of only 1 lac now & than after quitting job at age 46, if i increase health cover to 5 lac, will it anyway help with premiums? I don't have any family/dependent so not planning for term insurance. Thanks in advance.

Ans: Hi Rose,

Your query is incomplete. Could you please let me know your nationality and where you completed your medical studies? Did you also complete your internship?

Providing this information will help me offer you better suggestions.
with regards

Poocho. Life Change Karo!

Ans: Hi Nandu,

Greetings!

Could you please let me know which year you completed your course and whether you are currently doing an internship or apprenticeship? An internship is part of the curriculum, where students gain practical training, sometimes with a stipend and sometimes without. After completing your course, you can opt for an apprenticeship, which typically lasts one to one and a half years and includes a stipend, usually split 50%-50% between the industry and government.

If you are in the internship phase, please inform me about the specific field you are working in. Initially, you may not expect a high salary, but after gaining expertise in your field, your compensation will improve. Typically, this takes about three years, so it’s important to focus on skill acquisition for a better future.

If your internship aligns with your field of study, I encourage you to continue and consider starting a medical lab or exploring opportunities in medical devices related to biochemistry. However, pursuing a career in pharmaceutical production may not be suitable for you, as it is a different field, and you may find it challenging to grasp the processes involved since you are currently inexperienced in that area.

Please share the specific field of your internship, and I would be happy to provide more tailored advice.
with regards

Poocho. Life Change Karo!

Ans: Hello Shubhankar.
Generally, the board exam results are declared after the NEET exam is over. Hence you can appear in the NEET exam without any hurdle or hesitation.
If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

Ans: Hello Benish,

Thank you for contacting us. To answer your question, yes, it's definitely possible to pursue a master's abroad in a different field, even after completing your Bachelor's in Physiotherapy! Many students choose to pivot to new career paths based on their interests. Since you're interested in the arts, you could consider programs in fields like design, media studies, or even psychology. You can also explore various options like pursuing a Master's in Healthcare Management, Public Health, or even Arts Management, which could combine both your healthcare background and your interest in the arts. The key is to identify a field that excites you, research programs that align with your skills, and be open to gaining any additional qualifications if necessary to make the switch!

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Ans: Hello,

To begin with, thank you for reaching out to us. To answer your question, it’s definitely possible for you to pursue an MS in AI/ML in the USA after completing your BTech in Mechanical Engineering! Since you have a solid background in engineering, you’ll likely have a good foundation in math, algorithms, and problem-solving, which are key in AI/ML. However, you might need to take some additional courses in programming, statistics, or machine learning fundamentals before applying, depending on the program. It’s important to research the specific requirements for the universities you're interested in and make sure you meet their prerequisites, but with the right preparation, your background can actually make you a strong candidate!

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Ans: Hello,

First of all, congrats to your son on his admission and scholarship! To answer your question, Germany offers great opportunities for international students, especially if he's willing to explore the job market after graduation. With a degree in Project Management and a strong football background, he could potentially tap into both the corporate world and the sports sector. He could even combine his project management knowledge with his football interest by working as a football team manager. The key is networking, gaining relevant experience, and possibly learning German, as it would open more doors. His age and athleticism can definitely give him an edge in both professional and sports-related careers in Germany.

For more information you can visit our website: edwiseinternational.com
You can also follow us on Instagram: @edwiseint

Ans: No, the NPS from employee contribution is not exempted under new tax regime. Only employers contribution is exempted under section 80CCD(2).

80CCD (1) - Employee's contribution to NPS - Not available under New tax Regime
80CCD (2) - Employer's contribution to NPS - Available under New tax Regime

Ans: Income tax is nil only on income upto Rs.12 Lakhs. Considering an annual income of ?18 LPA as salary income, you’ve to pay tax for the entire 18 Lakhs starting from Rs.0 to Rs.18 Lakhs as per slab rate.
So here the standard deduction of ?75,000 is applicable, resulting in a tax liability of ?1,45,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?1,50,800.
If the income is from sources other than salary, the standard deduction will not be applicable.

Ans: Considering your salary income of Rs.19 LPA as salary income, standard deduction of Rs.75,000 is applicable resulting in tax liability of Rs.1,65,000 according to the new tax regime. Post 4% cess your total tax liability will be Rs. 1,71,600.