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Mahesh Padmanabhan | Answer |Ask -Follow

Tax Expert - Answered on Feb 01, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by Nadeem on Feb 01, 2023Hindi

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Sir, Is there any increase in Limit under 80C/D/DD/ etc. Housing loan interest/Principal. Medical Insurance? Tuition fees

Ans: Hi Nadeem,
No changes to limits for any deductions in the current budget proposal.

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 Manish - Feb 01, 2023Hindi

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Is there any change in the investment limit to save taxes ..? What will be the impact on taxe if your earning comes under 20L+ category..?

Ans: No change in investment limit to save tax in Budget proposals for FY 23-24.

New tax regime is beneficial if all the tax benefits are not taken. For e.g. if income is 30 lacs and deductions u/s 80C is 150000 taken, tax liability will be Rs.600000 under new tax regime and under old it will be 667500.

However, if person take PPF benefit of 1.5 lac, 25k in mediclaim, housing loan interest deduction 2 lacs, 50k standard deduction from salary; tax liability under old regime will reduce to 585000.

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Question by Sunil - Apr 01, 2023Hindi

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Is there any limit of my contribution and employer contribution towards EPF, VPF, Graduity. Is PPF also coming in this list Is Sukanya Samruddhi Yogna maturity amount taxble @ 21 yrs of daughters age? What is the tax implications

Ans: Hi Sunil
Employer contribution to PF is done at 12% of the basic salary. Gratuity contributions generally are about 15 days salary for each completed year. PPF and Sukanya maturity amounts are not taxable

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Asked by Anonymous - Aug 09, 2024Hindi

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sir, A individula assessee personal expenses(house hold expenses) rs:6 lacs show in books f.y. 23-24 Question: Assessee personal expenses(house hold expenses) any limit provision applicable in it act.

Ans: Personal expenses cannot be claimed for business incomes

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Question by Kaushik - Oct 27, 2024Hindi

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I am filling ITR ang growth 4 lakhs plus year byb year and current is above 2500000 ...please tell me any problem to growth of that

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Question by Priyanka - Jul 22, 2025Hindi

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My son got 245 in bits .He can get any Brecht branch

Ans: Priyanka Madam, by now your son must have been allotted/not allotted any seat by BITS. Please update the status for today. However, please note, A BITSAT score of 245 situates you within the previous two years’ closing-score bands for core engineering streams at the Pilani, Goa, and Hyderabad campuses. At Pilani, the B.E. Chemical Engineering cutoff ranged from 224 in 2023 to 247 in 2024, placing your 245 close to the 2024 threshold and comfortably above 2023’s mark; B.E. Civil Engineering closed at 213 and 238, making admission highly probable; and B.E. Manufacturing Engineering cutoffs of 220 and 243 indicate a strong likelihood of allotment. At Goa, Chemical Engineering closed at 239 in 2024 and 248 in 2023, and Civil around – (not offered in 2024) – but Pilani-equivalent streams suggest safe admission; Manufacturing cutoffs mirror Pilani trends, bolstering your prospects. At Hyderabad, Chemical Engineering cutoffs of 238 and 209 over the two years ensure a secure allotment, while Civil Engineering’s 235–204 band similarly favors your score; Manufacturing at Hyderabad showed closing marks near 218–251, indicating moderate probability. Across campuses, Civil and Manufacturing remain reliably within reach, Chemical at Pilani may require waitlist movement but is feasible given historical fluctuations, and all three streams at Hyderabad and Goa present strong chances. Additional seats open during special iterations further enhance admit probabilities.

Recommendation: Considering consistent cutoff trends and seat matrices, prioritize B.E. Civil and Manufacturing Engineering at BITS Pilani for guaranteed allotment, consider Chemical Engineering at Pilani via waitlist movement, and secure Chemical, Civil, or Manufacturing Engineering at BITS Hyderabad or Goa for assured admission, capitalizing on slightly lower cutoffs and ample seat availability. All the BEST for a Prosperous Future!

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I am working as Business Analyst from past 4 years but I wanted to move to technical role. I have done Btech in CSE from tier-3 college. I wanted some advise on the the best way to switch to a tech role. 1. Taking some online boot camp to get in-depth knowledge and doing side projects over the weekends 2. Taking WILP from BITS in Software engineering/ data science 3. Prepare from GATE 2026 and aim for IITs

Ans: Manjunath Sir, To shift into a technical position, integrating structured learning, credentialing, and practical experience is essential. The recommended pathway combines immersive project-based training with a recognized postgraduate credential while keeping a long-term goal of elite technical qualification. Begin with a part-time online software engineering or data science bootcamp, dedicating weekends to substantial portfolio projects to build hands-on skills and confidence in key stacks . Concurrently, enroll in BITS Pilani’s Work-Integrated M.Tech (Software Engineering or Data Science & Engineering) to earn a UGC-approved postgraduate degree without leaving your job, benefitting from weekend live classes, remote labs covering full-stack or analytics tools, and a final semester dissertation that bridges theory with organizational impact . This dual track—bootcamp plus WILP—provides immediate upskilling, peer and mentor networks, and a formal degree. After 12–18 months, if aiming for top-tier R&D or core engineering roles, commence GATE 2026 preparation via a structured three-phase roadmap: concept building (June–August), full-length practice (September–November), and final mock-test calibration (December–January), targeting a CSE rank

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Asked by Anonymous - Jul 21, 2025Hindi

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Sir I had asked many times but got no answer please tell VNIT Nagpur civil engineering vs nit Rourkela civil engineering... What to choose and why

Ans: Dear The reasons which one to choose and why is not a simple question.
Both are good colleges . However , You can consider NIT Rourkela for Civil engineering.
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Sir I did 12 in 2016-17 I appeared in practical exam but in final exam I was absent I have 12 failed marksheet with me and I do 12 again and appear in jee mains please sir answer me I am very confused and I came with hope to make my life better your answer will mean much to me

Ans: Dear Yash, If you are sure and confident that after almost 8-9 years of gap "You cn cope up with the studeies and secure better marks and clear JEE Mains / advanced, I will appreciate . However as the gap is too big and will not be easy to concetrate in studies due to oth'er factors around you. The only thing is 'your honest efforts and dedication. If so , there is no problem. .

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Sir My son got bits Goa campus mechanical engineering Thapar CSE PES CSE Which one to gor forward with

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I am getting tier 2 iiit cse/ece like iiit nagpur,kota,kalyani, sricity,kottayam,una and also getting metallurgy, mining, production, biotech in NITs like raipur,arunachal pradesh,srinagar, agartala, hamirpur....what should I focus on?

Ans: Dar Soumalya , These courses from Different colleges have no similarity .. Before you finally pin down on any course , 'you must consider certain points : Your own interest , course fee and college , financial conditions , Future of Courses ( In next 5-10 yrs ) etc. Location , now a days is also an important factor , one has to consider . If you have interest in Mines . Metallurgy , Production Engineering You must prefer to join on prority.

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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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