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Mihir Tanna |1104 Answers |Ask -Follow

Tax Expert - Answered on Mar 02, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Question by SUNIL on Feb 03, 2023Hindi

Money

Is INTEREST IN PPF ACCOUNT EXEMPTED IN NEW TAX REGIME

Ans: Yes

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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Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Feb 05, 2023

Question by Sundarlal - Feb 01, 2023Hindi

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What will be effect on PPF under new tax regime. It will continue to enjoy exemption on interest & Maturity or not. As deposit is taxable.

Ans: There is no change in PPF taxation. Interest will still be exempt.
Just wanted to clarify that the Section 80C deduction is not available for a fresh investment into PPF under the new tax regime.

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Question by Ashwani - Feb 01, 2023Hindi

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Can u clarify, whether interest on PPF under new tax regime will be exempted

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Tax Expert - Answered on Feb 16, 2023

Question by RAJGOPAL - Feb 07, 2023Hindi

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Sir, Is interest from PPF exempt under the new regime too

Ans: Yes, there is no change in PPF exemption under new regime

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Tax, MF Expert - Answered on Mar 11, 2023

Question by PK - Feb 28, 2023Hindi

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In the new tax regime, is interest on PPF taxable?

Ans: no changes in the PPF taxation

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Question by RK - Jul 27, 2023Hindi

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Is PPF Interest Taxable after a Limit of 2.50 Lakhs ?

Ans: for the financial year 2020-2021, the interest earned on the EPF was tax-free up to an annual limit of Rs. 2.5 lakh.

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Reetika Sharma |608 Answers |Ask -Follow

Financial Planner, MF and Insurance Expert - Answered on Mar 19, 2026

Question by Sunil - Feb 18, 2026Hindi

Money

Dear Sir, I am 58 years old. I am holding a PF saving of 2.5 cr, what is the best way to earn monthly income while my capital amount is protected? I wish to earn monthly amount with stress free so that it supports my family. W are family of 3 with son studying in 8th Standard. Also I have a Annuity policy from Max life which will give me a monthly income of 26000 for life.

Ans: Hi Sunil,

You are getting 26k from annuity policy. Additional monthly expenses can easily be covered using your existing PF of 2.5 crores.
Can go with the below options:
1. SCSS - 30 lakhs (jointly with spouse). 8.2% interest with quarterly payout.
2. FD - 50 lakhs. Emergency net.
3. Mix of hybrid and debt mutual funds using bucket strategy for remaining 1.5 crores. Can do a monthyl SWP. This approach is tax efficient, preserves capital and grow that without any risk.
4. Keep 20 lakhs in equity mutual funds for your kid's higher education. This amount will grow substantially when he turns 18 and will take care of the expenses.

Do work with a professional to work out on this strategy.
Hence consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

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Financial Planner, MF and Insurance Expert - Answered on Mar 19, 2026

Question by Subhash - Mar 10, 2026Hindi

Money

Sir, I m sr. citizen and have 10 lakhs to invest for 5 to 7 years, where do I invest the money? I do not have any immediate liabilities to pay

Ans: Hi,

Best option for you is to open a Senior Citizen Saving Scheme (SCSS) account with 10 lakhs. This will give interest of 8.2% pa payable quarterly. Time duration - 5 years lockin with 3 year extension.
Make an RD of the quarterly interest payout.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

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Financial Planner, MF and Insurance Expert - Answered on Mar 19, 2026

Asked by Anonymous - Feb 17, 2026Hindi

Money

HI i am a 42 years pvt sector employee. I am currently investing in MF SIP of 50/52k per month (avg age 5 years) and accumulated MF corpus till date including a few old ones stands at 33 lakhs. NPS of 6k per month, PPF 4k per month and 25k pm in EPFO including employers share. I have an o/s home loan of 1.25 crs @ 7.10% and plan to pay it off in next 10 years. Retirement age is 58 and desired corpus by retirement should be 7-8 crores. Please advice am i on right track and any changes to the investment strategy required? also i do plan to increase allocation to mf by min 15% annually till retirement age. My Term cover is 50 lakhs. Mediclaim of 20 + 20 lakhs top up and my wife has a 50 lakhs mediclaim. We dont plan any kids.

Ans: Hi,

You have done great by accumulating so much at your age. This is commendable.
you want to retire after 16 years at the age of 58. Let us go through your financials in detail:
- Monthly contributions in PPF, EPF and NPS - 35k - good, continue it. This entire amount is going into debt instruments and will be helpful to cover your expenses immediately after retirement.
- Current HL outstanding - 1.25 cr at 7.1% - this is quite cheap. Do not rush into prepaying the loan. Take 10 years time and pay it slowly. Rather focus on increasing contributions towards MF as that will build your long term wealth.
- 33 lakhs MF corpus with 52k SIP at 15% annual stepup. This will generate 9 crores corpus when you turn 58 (more than your target). Stay focussed and make sure that you have chosen right funds wrt your goals. Investing on random tips and only direct index funds is not sufficient.
- Term cover - 50 lakhs - can be increased to 1cr.
- Health - take a super top up of 50 lakhs considering high medical costs and your increasing age.

Overall things are going good. You just need to maintain the discipline. You can also consider consulting a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

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https://www.instagram.com/cfpreetika/

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Question by Ashraf - Feb 23, 2026Hindi

Money

I want to invest in mutual fund or gold ETF which is better ... If mutual fund which are 2 good mutual funds.

Ans: Hi Ashraf,

Both are equally good. Can invest 30% in gold etf and 70% in mutual funds. But make sure investments do not depend upon only better part. Invest wrt your individual profile. Work with a professional and focus on wealth building.

Can consider consulting a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
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Career Counsellor - Answered on Mar 18, 2026

Asked by Anonymous - Mar 18, 2026Hindi

Career

Sir while been on class 12 i had given one of my attempt of jee exam, but in class 12(cbse board )i got back in one subject in year 2024-2025, so i dicided to leave cbse board and join nios board so then i given by 12 board paper through nios board in October 2025 , so i wanna ask now do i get any attempt left of jee exam or not, cam i give jee exam in year 2027

Ans: Yes, you’re eligible for JEE Main in 2027. Your year of passing is 2025 (NIOS), and NTA allows JEE Main for three consecutive years after that: 2025, 2026, and 2027. You’ve used 2025 once, so you still have 2026 and 2027 attempts left. However, I also suggest taking a reliable psychometric career assessment to get an objective idea of suitable career options for you and then choosing a UG program/branch that genuinely matches your strongest interests and passions. ALL the BEST for Your Prosperous Future!

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Asked by Anonymous - Mar 18, 2026Hindi

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Hlo sir My son have passed 11th in science pcb by cbse board. But in 12th he want to change stream from science to humanities. Is there any rule to change stream??

Ans: Under CBSE rules, Class 11 and 12 form a two?year course. After passing Class 11, a student cannot normally offer new Class 12 subjects not studied in Class 11, and any subject-change request must be made early in the session (before 15 July) through the school.

So, a direct PCB to Humanities shift in Class 12 is generally not allowed; options are repeating Class 11 with Humanities, changing to an open school board (like NIOS), or requesting rare special permission via the school and CBSE regional office. I suggest you approach your school authorities first to get this clarified further. ALL the BEST for Your Son's Prosperous Future!

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Asked by Anonymous - Mar 17, 2026Hindi

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How can you tell if a co-worker is flirting with you and wants to go out on a date?

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First clue would be them asking you out on a date verbally. If there’s no confirmation of such nature, you can try and gauge their behavior, but that’s risky business because some people are just being nice and kindness can be mistaken as flirting. If you are unsure, ask your other colleagues if they too feel that your co-worker is flirting with you or if you are assuming it.

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Question by Prachi - Mar 18, 2026Hindi

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Which private colleges should I apply for I scored 93.442 percentile in jee mains 2026 Jan attempt I will appear for second attempt as well but not sure about improvement and 77 % in class 12,98% in class 10. My home state eligiblity is DELHI NCT , I also have punjab domicile certificate

Ans: Target private colleges like Thapar, Jaypee, Shiv Nadar University, VIT, SRM, and Manipal Institute of Technology.

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Follow me if you receive this reply.
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Career Counsellor - Answered on Mar 18, 2026

Asked by Anonymous - Mar 09, 2026Hindi

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Sir.. My daughter scored 94.4 percentile in jee january shift belongs OBC from tamil nadu... what are the possibilities to get NIT?

Ans: At 94.4 percentile, her expected JEE Main rank is around 65,000, which usually clears the OBC?NCL cut-off. As an OBC girl, she may get newer NITs or lower-demand branches, but CSE/ECE in top NITs like Trichy is unlikely; keep IIIT/GFTI options open too. If possible/affordable, have 3-4 other best options in Tamil Nadu itself such as SSN, SNU, Sathyabhama, Saveetha, PSG etc. ALL the BEST for Your Daughter's Prosperous Future!

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IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 18, 2026

Asked by Anonymous - Mar 07, 2026Hindi

Career

Hi, I need honest career guidance based on my situation. I completed my HSC in 2024 with PCB stream (no Mathematics) and scored only 45%. I was preparing for medical entrance but it didn't work out, and due to personal reasons I couldn't appear for improvement exams either. It's now 2026 and I have a 2 year gap. I now want to pursue a career in IT or Computer Science. I'm confused between BSc IT, BSc CS, BCA, and Data Science — and keep getting mixed opinions from everyone. My specific questions are — 1. Since I don't have Maths in HSC, can I appear for the HSC Maths exam as an Isolated Candidate in July–August 2026? And if I clear it, will that result be valid for 2026–27 admissions? 2. With 45% and a 2 year gap, what are my realistic college options in Mumbai? Which good colleges have lower cutoffs for BSc IT / BSc CS / BCA? 3. Given that I'm coming from Biology with no Maths background — which degree would actually be the best fit for me for real career growth, not just for getting admission? 4. Does college name or tier matter a lot in the IT field with lower percentage, or do skills and portfolio matter more? 5. Honestly, what is the smartest move for someone in my exact situation right now? I don't want to waste more time and want to make the right decision. Please guide me."

Ans: Hi
Go with BCA. BCA colleges are more flexible with % and background.
You can try
Tilak Maharashtra Vidyapeeth
Amity University Mumbai
DY Patil University Navi Mumbai

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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