Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Ambareesh Baliga | Answer |Ask -Follow

Stock Market Expert - Answered on Feb 05, 2023

Ambareesh Baliga has 35 years of experience in different facets of the Indian equity market. In his long career, he has headed businesses in wealth management, fund management, corporate advisory, investment banking, retail finance and stock broking. Currently an independent strategy advisor to ultra high networth individuals and family offices, he regularly features as an expert on CNBC, CNBC Awaaz, NDTV and Zee Business. In the past, Baliga has worked with organisations such as Price Waterhouse, Kotak, Karvy, Way2Wealth and Edelweiss.... more

Question by Naresh on Feb 05, 2023Hindi

Listen

Money

Is LTCG upto 1 lakh exempted under revised New tax regime and what about LTC ALLOWNCE?

Ans: LTCG upto 1 lac continues to be exempted under the New Tax Regime but LTC allowance is not available. (Disclaimer : The views given are personal. Please consult your CA or Tax Consultant before acting on my views)

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.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1054 Answers |Ask -Follow

Tax Expert - Answered on Feb 15, 2023

Asked by Anonymous - Feb 01, 2023Hindi

Listen

Money

is LTCG (Exemption of 1Lac and lower Tax) and STCG lower tax on Listed Shares available in the new tax regime ?

Ans: LTCG and STCG on listed shares will be taxed on special rate. Thus, old and new tax regime slab rate will not be applicable.

Difference will be for rebate avialable u/s 87ARs. Tax Rebate of 25,000 or the amount of tax payable (whichever is lower) is available under new tax regime as per Budget proposal of FY 23 24 (if taxable income is less than 7 lacs).
For old tax regime it is same as earlier Rs 12,500/- (if taxable income is less than 5 lacs).

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Jan 24, 2024

Question by Shyamal - Dec 15, 2023Hindi

Listen

Money

If a senior citizen has annual income less than 4 lakh including LTCG, does he have to pay tax on LTCG as per new tax regime?

Ans: The tax liability depends on the break up of your other income and LTCG

T S Khurana |479 Answers |Ask -Follow

Tax Expert - Answered on Aug 10, 2024

Question by Vijai - Jul 29, 2024Hindi

Listen

Money

Pease let me know whether the exemption for LTCG is Rs 3 lakhs for senior citizens for FY2024-25?

Ans: There is no specific EXEMPTION for SENIOR CITIZENS, for Long Term Capital Gains, in any financial year.
However, if they don't have any other income from any other source, then LTCG gets adjusted, against this basic exemption limit of Rs.3,00,000.00 for Senior Citizens & Rs.5,00,000.00 for Super Senior Citizens.
Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |8620 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 19, 2024

Question by mathewkutty - Aug 19, 2024Hindi

Listen

Money

Good morning sir. I wish to know that 1lac Ltcg tax exemption is available suppose you are having 10 lac total income means whatever income we are having 1 lac excemption is there or not. Please confirm. Thanks

Ans: Yes, the LTCG exemption limit has been raised to Rs 1.25 lakhs. This means that if your total income includes long-term capital gains (LTCG), the first Rs 1.25 lakhs of those gains will be exempt from tax. So, even if your total income is Rs 10 lakhs, you can still claim this exemption on LTCG.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

Latest Questions

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Raghav - May 29, 2025

Career

Sir my rank in jee merit list issued by PES University Banglore is 3491. Please provide me the specific branch can I get

Ans: Hi Raghav,
Based on your rank, you may gain admission to CSE or ECE. For more information, please visit their websites.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Thaha - May 29, 2025

Career

My daughter is studying in msc bio informatics . What is her career after this

Ans: Hi Thaha,
The majority of opportunities are in the IT field.

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by S - Jun 01, 2025

Career

Sir which stream can i get my son admitted at VIT Bhopal with a rank of 80113, in Category 1 and 2

Ans: Hi,
The chances of getting Bhopal for CSE in categories 1 or 2 are low, but not impossible. Check their website for updates.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by adithyan - Jun 01, 2025

Career

Sir my rank is 68355 vit i opted mechatronics cat 1,2,3 but did not got it will i get it in cat 4 5??? Is that possible???

Ans: Hi Adityan,
By this time, you might have received the information. If not, kindly visit the VIT website for updates.
BEST WISHES.

Nitin Narkhede |79 Answers |Ask -Follow

MF, PF Expert - Answered on Jun 01, 2025

Asked by Anonymous - May 31, 2025

Money

I want to retire at 55 my age is 45 life expectancy 80 current monthly expenses is 20000 how much need amount for retirement

Ans: Dear Friend, your question is incomplete; you need to share many points, like what your liabilities are, what earnings you are going to work for, and we can create a hypothesis depending on what you have shared. which can be partially correct. You need to accumulate around ?1 to 1.1 crore by age 55 to retire comfortably with ?20,000/month in today’s value for 25 years. Review annually and invest consistently in equity mutual funds, PPF, or NPS depending on your risk profile. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |79 Answers |Ask -Follow

MF, PF Expert - Answered on Jun 01, 2025

Question by Yes - May 31, 2025

Money

I am 38 years old divorced men and I loss 18 lakh in option trading now a days I have no capital and not any income source mentality fully harassed can any body help me ,7 loan EMI Defaulter and 2 credit card defaulter please help

Ans: At 38, after a divorce and losing ?18 lakhs in options trading, with no income and multiple loan and credit card defaults, it’s understandable to feel overwhelmed. But this isn’t the end. First, speak to a credit counselor or financial advisor—many offer free services. Consider a one-time loan settlement with banks or restructuring. Focus on finding any stable income—gig work, freelancing, or part-time jobs—to begin rebuilding. Mental health support is just as important; talk to someone. You’re not alone, and this phase, while hard, can be turned around one step at a time. Keep hope alive. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Komala - May 29, 2025

Career

I scored 320 marks in neet ug 2025 and i am a st category student in karnataka and i have a esic certificate can i get a govt mbbs seat in karnataka and also reply me sir shld i put couselling in state quote or in AIQ

Ans: Hi Kamala,
The NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC (ESIC quota) and it depends on various factors like the difficulty level of NEET exam and the number of seats. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Gangadhar - May 29, 2025

Career

For 570 marks in Neet 2025, what rank can I expect.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My daughter (OBC NCL) has scored 260 marks in neet UG 2025. What are her chances of getting selected in any medical course.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, getting into GMC is challenging one. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |584 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

Hello sir. I have given NEET UG 2025 and I'm expecting a score of around 340 marks sir. Can you please tell me if I have a chance of getting a gmc seat if I'm obc ncl from Assam?

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a slim chance of getting into GMC in Assam. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x