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Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on Feb 28, 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 Ayan on Feb 07, 2023Hindi

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Is NPS of 50000 and employer contribution upto 10% of basic is available in the new regime?

Ans: Employer contribution as per specified condition under Sec.80CCD(2) is eligible for deduction under the new tax regime.

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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Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on Sep 22, 2022

Question by Pranabananda - Sep 22, 2022Hindi

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Sir, I would be grateful if you could provide some clarifications regarding NPS. I am a salaried person. I am getting full tax benefit under 80C for PF and VPF. I am also getting benefit of Rs 50,000 by investing in Tier-I account of NPS. My employer has contributed Rs 2,45,941.40 in my NPS account in 2021-22. Should I get tax benefit on my employer's contribution of Rs 2,45,941.40. Please answer.

Ans: I understand that amount of PF and VPF is sufficient to claim deduction of Rs 1,50,000 u/s 80C and deduction of Rs 50,000 is taken under 80CCD (i.e. upper limit of deduction specified under both sections are taken); you will not be eligible for deduction for employers contribution.

Mahesh Padmanabhan | Answer |Ask -Follow

Tax Expert - Answered on Feb 15, 2023

Question by Neeraj - Feb 01, 2023Hindi

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Is NPS contribution exemption in new tax regime ? what is surcharge in new tax regime for income upto 20 Lakh ? How capital Gain is treated in new tax regime whose income is above and below 7 Lakh?

Ans: Hi Neeraj
Employer's contribution to NPS is allowed as deduction.

No surcharge on income of Rs. 20 Lakhs

The income (including capital gain) may need further evaluation or comparison as marginal relief concept would be applicable in working out the tax on regular income vis-a-vis capital gain income with special rates. It would be difficult to specify the best tax regime option without real comparison

Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on Feb 05, 2023

Question by Naresh - Feb 02, 2023Hindi

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post budget, Is deduction under section 80CCD(2)-employer contribution under NPS admissible under new tax regime? Should employer contribution be treated as Income?

Ans: Deduction of NPS u/s 80CCD(2) will continue to available under new tax regime even after proposal of Budget 2023. Further, employer contribution is part of salary and deduction is available in 80CCD

Mihir Tanna |1062 Answers |Ask -Follow

Tax Expert - Answered on Feb 23, 2023

Asked by Anonymous - Feb 03, 2023Hindi

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If i have a salary of more than 15 Lakhs, What are the exemptions available in new tax regime. Heard EPF(12% of basic) and corporate NPS contribution(10% of basic) is exempted. Please confirm. Also confirm 80 ccd2 NPS is available in new regime?

Ans: If a Person having income from salary opt for new tax regime, deductions like HRA, interest on self occupied housing loan, 80C, 80D etc will not be available. PPF, NPS contribution will continue to be exempt and NPS deduction will also be available

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Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

Dear Sir, I have taken admission in PES RR AIML via JEE Mains route but I wish to contest through the KEA KCET route as well. I am expecting that I will get either PES EC AIML or PES EC CSE in Round 2 in KEA KCET too. PES has given a deadline of surrendering the JEE Mains seat by 7th July. However, the catch is that I don't think the KEA Round 2 counselling will happen before that and unfortunately I cannot surrender the seat before Round 2 which will happen after 7th July. Based on your past experience, do you really think PES will really forfeit the first year fee of 5 lakh as they keep saying it is Management discretion whether to offer refund or not. Any guidance provided will be much appreciated. Thank you.

Ans: Hello dear.
I'm sorry to say that we don't have any updates regarding the admission cancellation and fee refund policy of any private institute. It would be better to speak in person with the admission committee for the latest updates. If the terms and conditions are favorable, then proceed with the admission; otherwise, reconsider your admission decision. If you are certain that you may secure a seat via KEA KCET, then there is no need to worry about PES admission cancellation. Wait for a few days and then make your final decision.
Best of luck.
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Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Question by Ranjit - Jun 17, 2025

Career

My daughter got 89.86 percentile in MHT CET. Any changes to get CSE in COEP, PICT, VJTI, SPIT in SC category. or Chemical Engg. in ICT. Actually, she is interested in Aerospace Engg. and Petrochemical Engg. but unfortunately, no colleges for these courses in Maharashtra

Ans: Hello Ranjit
The chances of securing a seat in the mentioned colleges are moderate to slim. It may be advisable to consider the CSE or chemical branch to explore additional options. In tier 2 or 3 colleges, your daughter might gain admission to CSE or computer-related branches. You can also pursue management quota for CSE in a reputable private college if she is genuinely interested in that field. Additionally, you will need to leave Maharashtra for Aerospace and Petro Engineering.
Best of luck.
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Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

Dear Sir, We are from Mumbai & fall in general category. My son has scored 99.1755006 percentile in MHTCET. He wants to study CSE for his BTech. What are the chances to get a seat in either VJTI or COEP or SPIT. In addition he has already secured a seat in VIT for CSE core in Chennai campus under Category 2. If we get seat in either of the above 3 colleges, should we prefer them over VIT. We are also participating in Josaa rounds but expect a little chance as JEE CRL was 63337 & Adance rank was 25656. He is also trying in Bitsat 2nd attempt. Kindly guide as we are getting confused. Also, please let me know if domicile certificate is mandatory to take admission in Maharashtra colleges as my son does not have it. However, I am having my domicile based on which my daughter took admussion for BArch in Mumbai college in 2019.

Ans: Hello dear.
(1) The chances are strong of getting CSE in one of the mentioned colleges, i.e., COEP, VJTI, and SPIT.
(2) Consider dropping VIT if your son secures a seat in one of the mentioned colleges.
(3) With the mentioned JEE rank, the chances of admission to NITs or IITs are moderate to slim.
(4) Wait for the BITSAT second attempt result. If it turns out positive with a high percentile, then the BITSAT option will be available to your son.
(5) If your son does not have a domicile certificate, then it is required for admission. If you have it, then it is sufficient.
Best of luck.
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Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

Got 99.4 percentile in mht cet , can I get cs in spit ?

Ans: Hello dear.
Chances are there to get a seat in Sardar Patel Institute of Technology (SPIT)
Best of luck to you.
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Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

I got a rank of 10.5k in kcet(general merit) please suggest some strong college options for cse and ece in Bangalore as soon as possible.Thank you.

Ans: Hello dear.
We can't suggest the names of colleges here on this platform. However, with your mentioned score, your chances for CSE in Bangalore-based colleges are moderate to slim. ECE is a viable option. For CSE, specifically in Bangalore, you may need to consider the management quota. Participate actively in the counseling process to explore more options. The names of colleges located in Bangalore are readily available online.
Best of luck to you.
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Radheshyam

Asked on - Jun 17, 2025 | Answered on Jun 17, 2025

I'm getting ise and cs(cyber security) at bit, is bit good?

Ans: Yes. It is good at BIT. It has been a reputed institution for years, with a strong academic environment and placement record.

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

IIT Bombay metallurgy or IIT BHU Mechanical or IIT Patna AI Data Science or BITS Goa CSE

Ans: Hello dear.
Preference order: (1) AL DS @ IIT Patna (2) Mech @ IIT BHU (3) CSE @ BITS (4) Metallurgy @ IIT Bombay. The final choice will be yours.
Best of luck to you
Follow me if you like the reply. Thanks
Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

How is the Amrita University Amrita puri Campus compared to VIT Vellore. My daughter is getting ECE at VIT Vellore and Cs Cyber Security at Amrita puri campus. Which shall we prefer. We belong to New Delhi.

Ans: Hello dear.
Both options are strong. CS is a better option than ECE. Hence, prefer CS Cyber Security @ Amrita if possible.
Best of luck to you.
Follow me if you like the reply. Thanks
Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

I have given pcm cet exam but don't get my percentile as I thought but I am really not expecting that much lower percentile what to do now

Ans: Hello dear.
There was no harm in sharing the actual percentile with us. The term "low" does not clearly indicate how low it is. Even with a low percentile, one can secure a seat in a reputed college via management or NRI quota. It would be better to pursue this option instead of considering a gap year. You can also explore different career paths at this stage since many options are available. You might consider B.Sc. or commerce options as well. Please speak in person with a counselor for proper guidance.
Best of luck to you.
Follow me if you like the reply.
Radheshyam

Radheshyam Zanwar |3426 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 17, 2025

Asked by Anonymous - Jun 17, 2025

Career

My son got cse in klu vijayawada and also applied for cse in sastra thanjavur for councelling which is better as we are from andhra pradesh

Ans: Hello dear.
Prefer CSE @ Sanstra if possible. The final decision will be yours.
Best of luck to you.
Follow me if you like the reply. Thanks
Radheshyam

Nayagam P P |6485 Answers |Ask -Follow

Career Counsellor - Answered on Jun 17, 2025

Question by Ahaan - Jun 15, 2025

Career

I am doing 1st year cse at bennett university i gave jee mains again and cleared it got dsai at thapar should i take it or continue with bennett

Ans: Ahaan, Continuing CSE at Bennett University offers a curriculum with minors, honours, and two internships, but yields around 60–70% placement rates over the past three years, with average recruitments by 232 companies. Thapar’s BTech in Data Science & Artificial Intelligence, ranked #29 in NIRF engineering, achieves about 83% UG placement consistency, over 334 recruiters annually, and average placements around 83% for its specialised AI & ML cohort. Thapar provides focused AI curricula, dedicated labs, and robust core-industry hiring, whereas Bennett’s broader CSE programme ensures diverse software opportunities. Recommendation: Transition to Thapar DSAI for specialised AI expertise and higher placement density, unless continuity at Bennett aligns better with your current projects and peer network. All the BEST for the Admission & a Prosperous Future!

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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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