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Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Feb 04, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Veda on Feb 03, 2023Hindi

Sir, Will HRA deduction be available in new tax regime ? Thanks

Ans: Hello Veda
As a financial advisor, I would advise you to consult a chartered accountant for specific tax planning advice. They have expertise and in-depth knowledge of tax laws and regulations and can provide you with personalized strategies to minimize your tax liability. I can assist you in creating a comprehensive financial plan, but for tax planning, it is best to consult a tax professional.

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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Tax Expert - Answered on Feb 04, 2023

Asked by Anonymous - Feb 02, 2023Hindi

Hi, Will I get benefit of HRA, Home loan interest, 80-C investment exemption if I select new tax regime-23

Ans: Taxpayer opting for new tax regime will not be eligible for specified deductions including HRA, Home loan interest for self occupied house, 80-C

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Question by Dipankar - Feb 02, 2023Hindi

Will the standard deduction of 50000/- introduced in new tax regime this budget be for all?

Ans: Hi Dipankar
Standard deduction of Rs. 50,000 was not introduced in this budget and was there for all salaried individuals. However, till the last year this standard deduction was not available to those individuals who opted for the new tax regime,

The current budget proposal aims at extending this benefit to individuals opting for the new tax regime as well

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Tax, MF Expert - Answered on Mar 11, 2023

Asked by Anonymous - Feb 28, 2023Hindi

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80E tax deduction available under new tax regime?

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Asked by Anonymous - Apr 23, 2023Hindi

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Is HRA Exemption is available in New Tax Regime?

Ans: No, HRA exemption not available in New Tax Regime

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Insurance, Stocks, MF, PF Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Money

Hi Sir, I'm 43+, My Monthly take home is around 3.40 Lacs, Currently i have invested in Shares (Current Portfolio is around 1.40 Crs). EMI is around 1.2 lacs P/m (Home loan 1 - 50K per month till 2037, 30K car loan till 2027 (Planning to close this year by paying 13 lacs, please suggest if this option of preclosure is good or EMI is good, will be paying this amount by selling some shares), 30k per month of home 2 till 2040., Last year i have started investing in SIP 1 lacs P/M, and balance 1.20 lacs goes in house, kids education expense. Have EPF balance of 40 lacs as on date. As mentioned above recently i have started investing in SIP (From Oct 2023 onwards), which is at the tune of 1 lacs per month. SIP are Franklin India Prima Fund regular Plan - Growth - 25K, ICICI Prudential Small cap fund retail plan G - 25K, Kotak Multicap fund regular plan growth - 15K, DSP Blackrock mid cap fund regular plan growth - 10 K, and Parag Parikh Flexi Cap fund - Regular plan growth - 25 K. Will increase the SIP investment by 10% every year going forward. Sir, My question is with current SIP and shares investment will i be able to generate 10~12 Cr corpus fund by retirement (Assuming that i will be in Job and working for next 15 years). Current Share portfolio is for long term investment only (assuming i get 12~15% of return every year). Please note : will be spending around 60~70 Lacs for my Son education in engineering from 2027 to 2031, 50% will be spend from savings and balance 50% from education loan. Current value of house 1 - 1.35 Cr (EMI is 50K), House 2 Current Value is 82 Lacs (EMI is 30K).

Ans: Hello;

Kudos for holding judicious blend of assets in equity(stocks and MFs), real estate, EPF.

Your thought process is absolutely spot on. You should prepay the car loan through shares corpus and close the EMI.

If you maintain monthly sip of 1 L with yearly top-up of 10% for 15 years then you may accumulate a corpus of around 8.68 Cr.

Stock holding of 1.27 Cr(13 L considered to be deducted for car loan prepayment) is expected to grow into a sum of 5.31 Cr in 15 years.

EPF balance of 40 L will grow into a corpus of 1.27 Cr over 15 years. Fresh contributions, if any, will be bonus.

So cumulatively your total corpus at the end of 15 years from now will be 8.68+5.31+1.27=15.26 Cr.

Due to your sound financial planning you may not need education loan for son's education.

Modest return of 12%, 10% and 8% are considered from mutual funds, direct stocks and EPF respectively.

Happy Investing;

Dr Shyam Jamalabad |79 Answers |Ask -Follow

Dentist - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Health

Doctor, could you kindly recommend specific brands of toothpaste suitable for children of different age groups? I’m particularly interested in knowing which brands would best support their dental health at various stages of development, considering factors like fluoride content, flavor, and overall safety. Could you provide guidance on which options are most effective for toddlers, young children, and older kids?

Ans: Hello
For toddlers and young children, it's essential to choose a toothpaste that is safe and effective for their developing teeth and gums. Here are some recommendations:

1. *Fluoride-free toothpaste* (0-2 years): For infants and toddlers, a fluoride-free toothpaste is recommended. Look for a toothpaste specifically designed for this age group, like "Baby Toothpaste" or "Training Toothpaste". Please note that Fluoride, although extremely beneficial when used locally can lead to fluorosis if accidentally ingested. This is the reason toddlers need to use fluoride-free toothpastes.

2. *Children's toothpaste with low fluoride* (2-6 years): For young children, a toothpaste with a low fluoride concentration (around 500-600 ppm) is suitable. This helps prevent fluorosis (white spots on teeth) while still providing cavity protection.

3. *Gentle ingredients*: Opt for a toothpaste with gentle ingredients, to minimize irritation.

5. *Flavor and texture*: Select a toothpaste with a child-friendly flavor and texture to make brushing teeth a fun experience!

Most popular toothpaste brands offer multiple options for toddlers and young children.
In addition to these there are a few brands specially formulated for children which are ethically promoted (not commercially advertised, but sold through chemists on dentists' prescriptions) You may speak to your child's dentist for specific recommendations.

Remember to always supervise your child while brushing teeth and teach them proper oral hygiene habits from an early age!

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Hello everyone, I have done my graduation this year in B.SC BOTANY ...from previous 3 yrs. I have been giving NEET UG exam but couldn't crack it (this yr. I have scored 560 marks with 2lac rank)... currently I have mood swings and not able to focus in study. Sometime I am very agressive and thought of giving up and sometime I am very motivated...what are other career option I may opt and later earn a descent amount (1 lac-1.5lac). Also I am 22 yr old ..if I crack neet in 2025 ...should it be worth it studying mbbs for next 5 yr (approx.)...means ...is it too late

Ans: Hi
You have cracked the NEET my friend, but you could not get a seat due to the higher cutoff of govt college. Today MBBS has become a basic qualification, you have to go for specialisation as well. That will be another 3-4 years. Think of this as well and then decide.

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Nov 15, 2024

Question by Vikas - Nov 14, 2024Hindi

Career

Jee exam me 12th private or regular ka fark padhta hai ya nhi

Ans: Hi Vikas
It won't make any difference in JEE whether you are from private, regular or NIOS.

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

I am a pcb student but i dont wanna go in medical field is there anything else i can do which will have scope in it

Ans: Hi
below are the options for you in the science field if you don't want the medical field at all.
B.Sc. courses
You can opt for B.Sc. courses in various subjects like physics, chemistry, biology, mathematics, etc.

Research
You can opt for research-oriented courses like M.Sc., Ph.D., etc. in your desired field of study.

Agricultural Science
You can opt for courses in agriculture like B.Sc. Agriculture, B.Tech. Agriculture, etc.

Environmental Science
You can opt for courses in environmental science like B.Sc. Environmental Science, M.Sc. Environmental Science, etc.

Forensic Science
You can opt for a career in forensic science by pursuing a B.Sc. in Forensic Science or M.Sc. in Forensic Science.

Pharmacy
You can opt for a career in pharmacy by pursuing a B.Pharm or M.Pharm.

Ramalingam Kalirajan |7027 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Nov 15, 2024

Asked by Anonymous - Nov 14, 2024Hindi

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Dear Sir, Please guide that if I deposit some additional funds (over and above my monthly deduction & deposition by Company in NPS as employee contribution) in Tier-1 in my NPS, then whether on maturity of NPS, the 60 % payout to employee (here-in myself) will have any Income Tax implications on the maturity value of this additional funds deposited OR whether there will be Nil Income Tax implications on same. Please guide.

Ans: When your National Pension System (NPS) Tier-1 account matures, the 60% lump-sum withdrawal you receive is currently exempt from income tax under Section 10(12A) of the Income Tax Act, irrespective of any additional voluntary contributions you make. Therefore, both your regular and additional voluntary deposits in NPS Tier-1 enjoy the same tax benefits upon maturity, with no tax implications on the 60% lump-sum payout. However, the remaining 40% directed towards annuity purchase is subject to tax as per your income tax slab when you receive the annuity payments.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Respeted sir, I am a post graduate in computer science, aged 42 yrs,married trying to get a job preferably in IT as i have working experience of about 5 years.i had discontinued my job due to compelling family situations to take care of children. I am not getting any favorable response from any IT companies due to break iny carrer. Now i desperately need a job and still the hunt is going on. Kindly suggest and guide me to get a job as i am struggling to meet my commitments now. Your valuable help in this regard will be highly helpful. Thank you

Ans: Dear, the main problem is the discontinuation in your career and IT is an ever-changing field. It is not like Civil or Mechanical. Now it is an era of AI and Machine Learning. So I would suggest you to go for a good certification course of Data Science along with AI and Machine Learning from some good institute which is having collaboration with some reputed IIT. I am sure if your knowledge is upto the mark and matches with the need of the present day then certainly you will get a job. If you are not familiar with coding then please practise coding by seeing the videos in YOU TUBE for two months before joining the certificate course. Please follow me. Best of luck. MAY GOD BLESS YOU. Professor...............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

What are scope of btech biotech in india and abroad if someone want to do Masters abroad like Australia canada u.k or u.s what with be the expenses and procedure, is it a good fiekd to choose over Mbbs

Ans: After B.Tech Biotechnology never go for MBBS. It will be a huge wastage of time and only with MBBS without specialization truly you can't earn much in present day. For doing Masters from Foreign country I would suggest only USA. The procedure is very simple. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). But the cash support required will be 80 lakhs to 1 crore. Because now a days in MS fundings are generally not available. Best of luck. MAY GOD BLESS YOU. Professor.....................:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Asked by Anonymous - Nov 14, 2024Hindi

Career

Confused about future what to do after msc biotechnology so I can earn decant amount?

Ans: You can go for teaching, but for teaching if you go for Ph.D it will be better. If the financial condition permits you can go for Ph.D from USA. You need to have four things i) An excellent GRE Score ii) A good TOEFL Score 111) Three good recommendations from your professors iv) A good SOP (Statement of Purpose). Ph.D comes with full funding, still you need to have 30-40 lakhs rupees cash ready for the initial expenses and first two semesters, if you don't get funding from day one. But generally Ph.D students get funding from starting. But if you go for MS then points number 1 to 4 will be same, but the cash support required will be 80 lakhs to 1 crore. Because in MS now a days financial supports are generally not received. If you can't afford study from USA then in India you can do MBA from a good B- School and join some corporate. But if you don't want to change the core sector then go for Ph.D in India, but Ph.D is a journey of 4 to 6 years. Once Ph.D is done college teaching will be a good opportunity for you. Be in touch with me and follow me. All the best. MAY GOD BLESS YOU. Professor............:)

Prof Suvasish Mukhopadhyay |111 Answers |Ask -Follow

Career Counsellor - Answered on Nov 14, 2024

Question by Vikas - Nov 14, 2024Hindi

Career

Mene pahle 12bio se ki hai me jee exam de sakta hu

Ans: Your question is not clear to me. Please write in an elaborate way.Professor

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.

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