My house is under redevelopment, developer is giving us Monthly Rent Inr 24200 less TDS 10% inr 2420 = Inr 21780 and Hardship compensation of Inr 19800 per month. I have purchased new house of 1.07 crores by taking Home loan current outstanding is 54 lacs. I am paying EMI of Rs.44000. Please inform Rent and hardship compensation given by developer is taxable or not. Recently I heard that Court has given judgement that it is not taxable . Please advise if taxable and if yes how much tax I have to pay.

Ans: For a general EWS category student with 60% in CBSE Class 12 seeking B.Tech admission in Northern India within a budget of around ?2 lakh per annum inclusive of tuition, hostel, and mess fees, several private engineering colleges offer feasible options. Institutions like Chandigarh University, Lovely Professional University (LPU), and Shobhit University Mohan Nagar provide B.Tech programs with manageable fee structures near or slightly below ?2 lakh annually when including residential costs. These colleges maintain accreditation from bodies such as AICTE and UGC, ensuring regulated academic quality. They offer modern infrastructure, experienced faculty, and structured placement cells with tie-ups to industries for internships and job placements. Admission often occurs through merit-based evaluations for EWS category students without requiring competitive entrance exams like JEE in some management or merit quota seats, or via state-level entrance tests. These colleges emphasize a balanced academic curriculum with practical exposure and offer scholarships or financial aid to EWS students, easing fee burdens. While not among the highest-ranked institutes, they provide a credible platform for technical education with opportunities for campus placements in core and IT sectors, alongside supportive campus life and safety measures.

Recommendation: Choose private engineering colleges like Chandigarh University, Lovely Professional University, or Shobhit University for affordable, holistic B.Tech education within your financial framework. Evaluate their specific branch offerings aligned with your interests and consider direct admission sessions or management quota opportunities for EWS category seats, ensuring solid academic support and placement prospects. Engage early with college admission offices to confirm fee inclusions and scholarship eligibility for your category. All the BEST for a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.