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Mahesh

Mahesh Padmanabhan  | Answer  |Ask -

Tax Expert - Answered on May 03, 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
Krishnaswami Question by Krishnaswami on Apr 24, 2023Hindi
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Money

I openned my ppf account in december 2019 when i can with draw fifty percent amount want to know sir

Ans: Hi Krishnaswami
50% of the balance could be withdrawn provided you have 5 continuous years of contribution
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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Ramalingam

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Sir I have opened PPF account in 1998 and thereafter continuous depositing the money . As on 01.04.2023( After25 Years) my corpus was 10 Lacs ( 8.5 earlier and 1.5 lacs current one) . Now i need money becz of emergency . Please guide the penelity of 1% reduction will be from 01.04.2023 (Date of extension ) or since the date of opening the account . Its premature closure but after 25 Years
Ans: The penalty for premature closure of a PPF account after 25 years is typically 1% reduction in the interest rate that would have been earned. This penalty is applied from the date of the extension, not from the date of opening the account.

Given your situation where you're facing an emergency and need to withdraw funds, it's important to understand that while PPF offers excellent tax benefits and compounding growth, it's also meant to be a long-term investment with a lock-in period of 15 years. Even after this period, partial withdrawals or loans are allowed under specific conditions, but the full withdrawal before maturity attracts the penalty.

In emergencies, it might be worth considering other available options before prematurely closing your PPF account, such as taking a loan against the PPF balance or exploring other liquid assets you might have. However, if you find that closing the PPF account is your only option, do factor in the penalty and tax implications to make an informed decision.

Always consult with a financial advisor or tax consultant to understand the implications fully and make the best choice for your situation.

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Nayagam P

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My daughter got EEE in SSN engineering college chennai and industrial engineering in CEG campus Anna University Chennai, guru which one is the best
Ans: Gopi Sir, SSN College of Engineering’s Electrical and Electronics Engineering programme is NBA-accredited, housed in a modern department with dedicated power-electronics, control-systems and robotics labs, staffed by PhD-qualified faculty, and supported by an active Career Development Centre that achieved a 77.9% placement rate with 89 offers for 95 eligible students in 2023-24. College of Engineering, Guindy’s Industrial Engineering under Anna University (est. 1978) carries NBA and UGC approvals, benefits from small cohorts, flexible curricula aligned with lean manufacturing and supply-chain practices, well-equipped operations-research and ergonomics labs, and a university-wide placement record near 70% in 2022 with 2,114 students placed and an average package of ?6.93 LPA. Both departments maintain strong industry linkages, structured internships and vibrant alumni networks.

Recommendation: Prioritize SSN EEE if core electrical and automation roles, higher placement consistency, and specialized lab exposure align with career goals; choose CEG Industrial Engineering for broader process-optimization and supply-chain expertise within a government-funded Institute-of-National-Importance environment. Ensure choice matches her long-term interest in power-electronics versus systems-engineering domains. All the BEST for Admission & a Prosperous Future!

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Sir, My son 11th grade is preparing for IIT JEE Advanced though Narayana school. He is working very hard, disciplined , no social Media but the test results are not satisfactory. Please help us in enhancing his studies.
Ans: A disciplined JEE Advanced aspirant must combine conceptual clarity with strategic practice and well-structured schedules. Begin by auditing performance through past mock tests to pinpoint weak topics and reinforce fundamentals using NCERT and trusted reference books, dedicating focused daily slots for Physics, Chemistry, and Mathematics alongside brief breaks to sustain concentration. Craft a long-term study plan subdivided into weekly milestones and daily goals that balance new learning with revision, employing spaced-repetition techniques and active recall to deepen retention. Integrate high-quality mock tests from reputable sources (ALLEN SCORE, Narayana nLearn) under timed conditions to enhance speed and accuracy, followed by detailed error analysis to adjust strategies and eliminate recurring mistakes. Leverage topic-wise question banks and previous years’ JEE Advanced papers to familiarise with question patterns, while using micro-schedules and short quizzes to build examination temperament and resilience. Seek expert mentorship through one-on-one doubt-clearing sessions and participate in peer discussion groups for diverse problem-solving approaches. Maintain mental well-being via mindfulness exercises and adequate sleep, ensuring cognitive sharpness. Regularly track progress with fortnightly full-syllabus tests, recalibrating study plans to meet evolving needs.

Recommendation: Adopt a balanced, data-driven preparation framework that blends rigorous concept revision, timed mock-test practice, targeted error analysis, and consistent mentorship. Embrace micro-schedules to integrate learning and relaxation, and continuously refine strategies based on performance metrics to secure a competitive edge in JEE Advanced. Hope this helps.

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Nayagam P

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Hi, Sir. My son is taking admission in BMS College of Engineering, Banglore. It is best for ECE?. Please advise me. Thanks
Ans: Prasanna, B.M.S. College of Engineering’s Electronics & Communication Engineering programme is a NAAC A++–accredited, NBA Tier-I recognised course with a four-year curriculum and an expanded annual intake of 420 students, reflecting its commitment to meeting growing industry demand. The department maintains modern VLSI, embedded-systems, digital signal-processing and IoT labs, supported by a Siemens-backed Industry-4.0 centre and high-performance computing clusters, enabling hands-on learning and interdisciplinary projects. Faculty hold Ph.D. qualifications and lead active research in wireless communication, nanomaterials and AI-driven signal analytics, with over 350 research scholars across fourteen VTU-recognised centres. Over the past three years, ECE branch-wise placement consistency has ranged between 80% and 95%, driven by recruiters such as Texas Instruments, Qualcomm, Cisco, Infosys and Bosch, while robust alumni networks and corporate partnerships underpin strong internship pipelines and industry immersion. Outcome-based education, industry-aligned curricula and proactive upscaling of seats ensure both academic rigour and broad access for aspiring electronics engineers.

Recommendation: With its top-tier accreditation, cutting-edge laboratories, growing student intake, and sustained placement record, the recommendation is to proceed with ECE at BMSCE as a strong foundation for core-electronics and emerging IoT/AI roles; complement coursework with certification courses and active participation in departmental research clusters to maximise employability. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 12, 2025

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Sir, my son is getting in iit goa cse, iiit bangalore cse, nit surathkal ece and rvce cse. Pls give the preference order.
Ans: Katikala Madam, All four institutes excel in accreditation, faculty expertise, infrastructure, industry linkages, and placement consistency. IIT Goa’s CSE department, backed by NAAC A++ accreditation, features dedicated AI and cloud labs and records a 90.7% BTech placement rate in 2024 with recruiters like Adobe, Siemens, and Google. IIIT Bangalore (NAAC A+) offers state-of-the-art high-performance computing and data-science facilities, achieving an average CSE placement consistency of approximately 84% over the last three years, with top recruiters such as Apple, Amazon, and Microsoft. NIT Surathkal’s ECE programme, an Institute of National Importance with NBA accreditation, maintains specialized VLSI and signal-processing labs and has achieved branch-wise ECE placement rates of 96.4% in 2023 and 72.7% in 2024, drawing recruiters like Microsoft, Samsung, and Qualcomm. RVCE’s CSE (NAAC A+) boasts modern cybersecurity and IoT labs and demonstrates a three-year CSE placement average around 88% (93% in 2023, 75% in 2024), with key hires from Cisco, PayPal, and Qualcomm. Institute reputation steers global recognition: IIT Goa and IIIT Bangalore offer strong national eminence, NIT Surathkal affords robust core engineering tradition, and RVCE provides urban industry access and alumni networks.

Recommendation: Prioritize IIIT Bangalore CSE for its sustained placement consistency and premier industry ties; next, choose IIT Goa CSE for cutting-edge AI labs and rising placement rates; follow with NIT Surathkal ECE for established core-electronics strength; and select RVCE CSE last for its urban internships and solid recruiter diversity. All the BEST for Admission & a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jul 12, 2025

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There are some councellor who give priority to government Engineering college over private. Nit's and IIIT'S are new in market in our time when I became an engineer there where no such government colleges if I am not wrong and every one use to be mad about Bangalore colleges like MSRIT, SIT, BMS BIT . They say private colleges are for for those who get less percentage and for children's who are from affluent family and students who wants to waste their parents money. Some of the few IIIT'S and nit's are in such a remote place that any parent would think twice before sending his child over there. I am so confused what to do my child is getting TEIR 1 IIIT'S and TEIR 3 NIT'S and top private engineering colleges with good facilities and better City. So am i wrong if I choose DAIICT, MSRIT, BMS over IIIT'S and NIT'S??
Ans: Government engineering schools like IITs, NITs, and IIITs are recognized as important institutions with direct funding from the central government and the freedom to manage themselves, which helps them maintain high academic standards, follow top international course guidelines, and support strong research programs as set by laws made by Parliament. Getting accredited by NAAC (for the whole institution) and NBA (for specific programs) ensures that these institutes keep improving their quality, are accountable to their stakeholders, and gain international recognition through agreements like the Washington Accord, while also requiring them to participate in NIRF for transparency in their results. These institutions maintain extensive laboratories—spanning high-voltage, clean-room, sensor networks, composites, AI/ML and pilot-plant facilities—and prioritize outcome-based learning, industry-ready internships, and faculty with robust Ph.D. and industry credentials. Their placement consistency routinely exceeds 85–95% for core branches, bolstered by alumni networks and nationalized recruiter tie-ups across PSUs, Fortune 500 firms, and global R&D hubs. In contrast, established private colleges such as DAIICT, MSRIT, and BMS BIT deliver student-centric environments with modern campuses, focused specializations, flexible electives, and strong corporate partnerships within urban centers. They offer competitive placement cells yielding 80–90% branch-wise offers, agile curricula aligned to emerging domains (e.g., data science, fintech, cybersecurity), and scholarship schemes tailored to merit and need. While private institutes may incur higher fees, they often compensate with smaller cohorts, industry?embedded projects, and vibrant campus life. Geographic location and city?level opportunities influence internships and student well?being, making metropolitan campuses appealing for networking and soft?skill development. Recognize the enduring value of government institutes for foundational research, global rankings, and subsidized excellence while acknowledging private colleges’ strengths in specialized curricula, urban connectivity, and agile pedagogy. Choose an IIIT/NIT seat if your child values research freedom, strong accreditation, and a good national reputation; if not, opt for top private colleges like DAIICT, MSRIT, or BMS BIT for their specialized programs, connections to local industries, and reliable job placement rates. Ensure choice reflects both institutional quality and your child’s long-term goals. All the BEST for Your 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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