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 Mahesh on Feb 01, 2023Hindi

Money

For a person earning 40 lakhs per year, with an 80CC of 1.5 lakhs and an 80D of 25000 rupees, which is the best regime to choose new or old?

Ans: As a thumb rule - if you are saving more than 110000/- on taxes through various tax saving schemes - have carry forward losses - then remain with the old regime - otherwise shift over. (Disclaimer : The views given are personal. Please consult your CA or Investment Advisor/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

Vivek Lala |280 Answers |Ask -Follow

Tax, MF Expert - Answered on Mar 16, 2023

Asked by Anonymous - Mar 10, 2023Hindi

Money

I have 36.5L as salary income, i also have 1.5 lakhs on 80c insurance .Can you please help to distinguish which regime is better to opt going forward.

Ans: new tax regime

Mihir Tanna |942 Answers |Ask -Follow

Tax Expert - Answered on Apr 11, 2023

Asked by Anonymous - Apr 10, 2023Hindi

Money

Salary is Rs 28,50,000. Investments would be : Contribution to 80C - Rs 1.5L, NPS-50K, HR Paid - 5.7L per year, 80D Medical : Insurance Premium for self and spouse : Rs 19108 and for parents : Rs 50K. Which regime should be better to select : Old or New?

Ans: In the absence of salary structure, it is not possible to claim HRA exemption. You can calculate the same at https://incometaxindia.gov.in/Pages/tools/house-rent-allowance-calculator.aspx

Considering income and quantum of deductions, old regime is likely to be beneficial and after calculation of HRA exemption, you can check the same at https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Apr 22, 2023

Asked by Anonymous - Apr 15, 2023Hindi

Money

Gross Salary is Rs 1355149. Investments are 80C - 133000, NPS -50K, Health Insurance for Self and Spouse Rs 15K. Employee PF deducted every month from payslip is Rs 5772. Which regime should be best for me? New or Old?

Ans: The new tax regime will be better for you in the FY 2023-24.

Samraat Jadhav |2015 Answers |Ask -Follow

Stock Market Expert - Answered on Apr 24, 2023

Question by DILIP - Apr 22, 2023Hindi

Money

Gross Salary is Rs 23,00,000. Investments are 80C - 150000, NPS -50K, Health Insurance for Self and Spouse Rs 35K. Employee PF deducted every month from payslip is Rs9960. Which regime should be best for me? New or Old?

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on May 03, 2023

Question by Mohtashim - Apr 22, 2023Hindi

Money

Gross Salary is Rs 1500000. Investments are 80C - 150000, NPS -50K, House rent is 390000. Which regime should be best for me? New or Old?

Ans: Hi Mohtashim
Would suggest that use the following link calculator to check the better option. You would need to keep the HRA exemption readily available to work out the benefit

https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx

Latest Questions

Milind Vadjikar |130 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 14, 2024

Question by T - Sep 14, 2024Hindi

Money

Hi, My age is 50 and i have one House which is under loan paying 13432 per Month and having one appartment , and i have a debt of 30 L paying emi of 80 K and need to pay of another 4 years , I am going to sell my appartment to close alm My debt and after this I can save 1 L per month. By the age of 60 I want to save 1 to 1.5 crore and also want to invest in Bonds for regular monthly income , suggest ways to save .

Ans: If you do SIP of 61K in a retirement mutual fund for 10 years, you can expect achieve a corpus of 1.5 Cr after 10 years.(Modest return of 13% assumed)

You can use this corpus to buy annuity, invest in PMVVY and SCSS or do a SWP for regular payouts.

You can invest in Post Office monthly income scheme for monthly payouts(current interest rate is 7.4%; If singly held then investment limit is 9 L and for joint holding it is 15 L; 5 year tenure) at this stage.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Happy Investing

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Asked by Anonymous - Sep 10, 2024Hindi

Career

Hello sir , my son completed his Diploma in mech engg. after 10th and working at jsw steel as campus placed . pl suggest how he can do B tech while working or he shd leave job to do B tech. pl guide

Ans: Hello
To do BTech, it would be better to leave the job. Doing B.Tech. while earning is not recommended. Yet, if your financial conditions do not permit, then he can do so. For B.Tech. admission, keep a close eye on a state-level counseling process where your son can apply for it. If eligible, your son will be admitted to 2nd year of mechanical engineering.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Question by Shreyan - Sep 09, 2024Hindi

Career

dear sir, i've got civil engineering in Jadavpur university....i want to pursue a career in mechatronics and AI robotics and do MS abroad in these subjects....i have an option of upgrading my branch to power eng, production eng and chemical eng.....i will do an online cs course to upskill myself in coding...what branch do u think i should prefer/ what should be my preference order?

Ans: Hello Shreyan
Your aims are different but you have been admitted to Jadavpur for Civil Engineering. Upgrading to Power Engg, Product branch will not solve your problems. At any time you can do CS courses online to upskill your knowledge in coding. It would be better for you to join any good institute for CSE + AI/ML to fulfill your dreams of working in Robotics and allied fields. If possible, shift from Civll to CSE AI/ML/DS

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Question by Brinda - Sep 10, 2024Hindi

Career

Sir name some good colleges for mtech in Bangalore where I can get good placements

Ans: Hi Brinda.
Here is the list of some good colleges in Banglore from an MTech point of view:
(1) Indian Institute of Science (IISc)
(2) R.V. College of Engineering (RVCE)
(3) PES University
(4) BMS College of Engineering
(5) MS Ramaiah Institute of Technology (MSRIT)
(6) Dayananda Sagar College of Engineering (DSCE)
(7) New Horizon College of Engineering
Visit the campus of these institutes, and take an overall review before finalizing the admission.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Question by Akhilesh - Sep 08, 2024Hindi

Career

Sir Sir, my son is getting admission in vit bhopal b tech cse (specialization in e commerce) cat 1 and in bennett b tech cse core in management quota and in last not least b tech cse in jaypee guna branch Which v should consider? Pl suggest lot of confusion going on.

Ans: Hello Akhilesh.
You put options as:
(1) VIT Bhopal: CSE (Spe in e-commerce) via CAT 1
(2) Bennett: CSE Core (Management Quota)
(3) JAYPEE Guna: CSE
All are reputed institutions and have a good track record.
To suggest, Bennett University might be a better choice for overall exposure and placement, but your final decision should also consider location, cost, and campus facilities.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Milind Vadjikar |130 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 14, 2024

Question by Sandeep - Sep 13, 2024Hindi

Money

I am 44 years old, married with a monthly salary of 4.5 lakhs after tax. I own a debt-free house. My daughter is 9 and my son is 4. I am looking to build a corpus of 2 crores for my children's education, 1 crore for their marriages, and to buy two additional houses. I also aim to accumulate a retirement corpus of 10 crores. Please advise on how I can achieve these goals in the next 10-15 years. Current Savings: • Fixed Deposit: 16 lakhs • Shares: 72 lakhs • Provident Fund (PF): 1.4 crores • Mutual Funds: 15 lakhs • Public Provident Fund (PPF): 10.5 lakhs • ULIP: 21 lakhs Ongoing Investments: • ULIP: 3 lakhs/year (for the next 3 years) • PPF: 1.5 lakhs/year (for the next 8 years) • Provident Fund (PF): 82,000/month Including company contribution. • Mutual Fund SIP: 60,000/month • Shares SIP: 30,000/month • Additional Shares Investment: 5 lakhs/year

Ans: Your current savings add upto 2.745 Cr.

Assuming you keep them invested and considering composite moderate return of 8% this will grow upto a sum of 8.71 Cr after 15 years.

Ongoing investments will lead you to a corpus of 6.66 Cr after 15 years(Appropriate conservative returns considering the various investment instruments)

6.66+8.71=15.37 Cr

Retirement corpus goal 10 Cr?
Children education fund goal 2Cr?
Children wedding goal 1Cr?
Additional home(2) buy 2Cr?

Keep reviewing and rationalising your stock holdings and hedge it if necessary as per advice from investment advisor.

Consider SSY in the name of your daughter (8.2% currently with quarterly review by GOI)since it's an E-E-E tax exempt scheme.

Do consider suitable family floater health cover apart employer group coverage.

You may follow us on X at @mars_invest for updates

Happy Investing

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Question by Muragundla - Sep 10, 2024Hindi

Career

Which one is good: core CSE or AI/ML CSE

Ans: Hello Muragundia
Prefer CSE AI/ML

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam Zanwar |867 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 14, 2024

Asked by Anonymous - Sep 09, 2024Hindi

Career

I don’t think there is big difference between IITs or Iiits or Nits. All are national institutions of importance. But somehow IITs attract higher rankers of JEE. So MNCs prefer to reach IITs for grab good students and pay higher packages. Students who don’t get chance in IITs, join Nits or IITs. The institutions like Nit Rourkela or Iiit Delhi or Iiit Hyderabad are far better than many new IITs. Even students from many private engineering colleges excel well in career. Main problem in the present day is colleges are suffering for shortages of right quality faculty members; because MNCs pay lump sum money to attract bright students. As a result, students don’t get motivated to join as faculties in their career. This is the global problem

Ans: Hello.
Whatever you have expressed is correct and I agree with your views. But unable to understand, what you want to ask and what you are doing right now. Thanks for sharing your valuable thoughts/views with us.
Suggestion: If you have a desire and wish to change the education system in India, then try to get a seat (i.e. IAS post) in the HRD Ministry which is deciding supreme authority about how the education policy to be implemented from KG to PG and above that.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Dr Dipankar Dutta |589 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 14, 2024

Asked by Anonymous - Sep 10, 2024Hindi

Career

The course like B tech specialisation in climate change is running now at anant National University at Ahmedabad since last two years....!! Is that having good scopes for my son; currently he is studying in CSE third semester,who is now feeling so tough competition...

Ans: Where your son is studying now?

Milind Vadjikar |130 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 14, 2024

Question by Sumit - Sep 14, 2024Hindi

Money

Hi sir I and 46 and want to invest 45k to 50k as sip in Mutual Fund. Please suggest where can I invest.

Ans: I recommend you to invest in HDFC Retirement Savings fund equity plan.

It comes with a 5 year lock-in.

If you do a SIP of 50K for 15 years you can expect a corpus of 3Cr+ (14% return assumed).

As you get closer to your target transfer your gains into suitable debt fund to avoid volatility affect your gains.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

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