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T S Khurana

T S Khurana   |569 Answers  |Ask -

Tax Expert - Answered on May 23, 2026

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Asked by Anonymous - May 20, 2026
Money

Dear Sir/Madam , In my present company I have NPS paid through employer since May 2019. I'm going to have a job change from next month. In my future company, NPS facility is not there. So, Can i apply for closure of NPS and withdraw the whole amount or is it mandatory to keep the account active until the age of 58 by paying some minimum amount yearly?

Ans: It is better if you continue your NPS by making self contributions. Later on you may join some other company, where NPS facility is there or your new employer (where you are going to join now) may extend the facility of NPS at some later stage.
Most Welcome for further clarifications, if any. Thanks.
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.
Money

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Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 14, 2024

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Money
I opened an NPS account in 2022 at the age of 68. Made investment of 50,000 each in the last two years to avail tax benefits. I no more require this tax benefit. Now I have completed 70 years. Can I withdraw the entire amount with accruals and close the account.
Ans: Congratulations on reaching 70! It's great that you opened an NPS account for tax benefits. Let's discuss your situation and withdrawal options:

1. NPS Withdrawal Rules:

Lock-in Period: NPS has a lock-in period until you turn 60 or retire from your regular job (whichever is earlier).

Partial Withdrawal: After 60, you can withdraw 60% as a lump sum and invest the remaining 40% in an annuity that provides regular income.

Full Withdrawal with Conditions: At 70, you can withdraw the entire accumulated corpus (your contributions and earnings) if it's less than Rs. 5 lakh.

2. Understanding Your Situation:

Full Withdrawal Possible: Since your total contribution is Rs. 1 lakh (2 years * Rs. 50,000) and you're 70, you can likely withdraw the entire amount with accrued interest.

Tax Implications: The entire withdrawn amount (including accrued interest) might be taxable as per your income tax slab.

3. Considering Alternatives (Optional):

Annuity for Regular Income: If you need regular income, consider using a portion of the corpus to purchase an annuity. This might provide a steady stream of income post-retirement.
Here's the key takeaway: You can likely withdraw the entire NPS corpus since it's less than Rs. 5 lakh. However, the withdrawal will be taxable. Consider consulting a tax advisor for specific tax implications.

Remember, financial planning is an ongoing process. Consulting a Certified Financial Planner (CFP) can help you make informed decisions about your retirement income and tax strategies.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Mar 17, 2026

Asked by Anonymous - Feb 25, 2026Hindi
Money
I will attain 58 age on April 2028, I have left the job took retirement on 30th September 2025. Have contributed towards NPS. My total contribution is 37 Lakhs can i withdraw 100% NPS corpus ? If not 60% can i withdraw on attaining 58 years of age, and how much will be the approx. pension on annuity of balance 40% please advice
Ans: You have built a good retirement corpus through NPS. Your timing of exit and planning ahead is very important here. Let me clarify this clearly for you.

» Can You Withdraw 100% NPS Corpus

– Full withdrawal (100%) is allowed only if total corpus is up to Rs 5 lakh
– In your case, corpus is around Rs 37 lakh

So:
– You cannot withdraw 100%
– You must follow partial withdrawal + annuity rule

» How Much You Can Withdraw at Age 58

Since you exited before 60:

– You can withdraw only 20% lump sum now
– Balance 80% must be used to buy annuity (pension)

But you have one important option:

– You can defer withdrawal till age 60

If you wait till 60:
– You can withdraw 60% lump sum (tax-free)
– Only 40% goes into annuity

This is a very important decision point.

» Should You Wait Till Age 60

– You are already financially stable
– You have other assets and income sources

So:
– It is better to wait till age 60
– This will give you higher lump sum and lower compulsory annuity

» Expected Pension from 40% Annuity

Let’s understand in simple terms:

– Your corpus: Rs 37 lakh
– 40% for annuity: around Rs 14–15 lakh

Current annuity rates in market are roughly:
– Around 6% to 7% per year

So expected pension:
– Around Rs 85,000 to Rs 1,05,000 per year
– That means roughly Rs 7,000 to Rs 9,000 per month

Important reality:
– Pension is fixed
– No increase with inflation
– Taxable as per your slab

» Practical Concern with Pension

– Low return compared to mutual funds
– No liquidity
– No growth
– Income does not increase over time

So it gives safety, but not growth.

» Smart Strategy Around This

– Defer NPS exit till 60 to reduce annuity portion
– Take 60% lump sum and manage it yourself
– Use mutual funds SWP for better income and flexibility
– Treat annuity portion as “base income”, not main income

» Tax Understanding

– 60% lump sum: fully tax-free
– Pension income: fully taxable

So, planning withdrawals smartly can reduce tax burden.

» Finally

You cannot take 100% from NPS at your current corpus level.

Best approach for you:
– Wait till 60
– Take 60% lump sum
– Accept 40% annuity as compulsory
– Use your other investments to create better income

This way:
– You keep control of majority wealth
– You reduce low-return locked money
– You maintain flexibility in retirement

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

..Read more

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Ravi Mittal  |738 Answers  |Ask -

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Relationship
Hi, I am 58 Yr old Male with 29 yrs into arranged marriage. I have 2 daughters. I am being treated like a stranger in my own house. My wife does not give respect, no value, no love and affection care. Always negatives talking about me for everything. Not listen to any thing regarding family or personal matters. I am not earning much. I am doing my best doing business services. For everything I need basic amount to manage my business until it develops. There is no support for this from my family. Instead of supporting and motivating me, She is always negative about me. She knows I am not earning enough and unable to meet major transactions. She has come from a wealthy family were as I am not. She has helped in providing financial support many times. Now past 3-4 yrs, her behavior has changed. She taunts and blames me for she providing the financial support. Whatever she has provided is always used for family. she knows that. I am unable to focus on my business development. She's gives negative feedback about me to my daughters and they also behave same with me, Instead of supporting and motivating me. There is no intimacy or sex past 1 year. Hardly 1 once in a month earlier, after I force (make positive effort) her lovingly. I love her very much. But this is making me lose that love & affection on her. In our 29 yrs of marriage, she never initiated intimacy, love. Always I been doing it. She never shows interest in getting physical right from 1st day. She has not kissed me even once or hugged me voluntarily in these 29 yrs. I initiate everything. I am romantic. She is not. She gives one or the other reason and avoids. She avoids kissing. She never liked gifts i bought for her. I want her to wear different dresses, but she rejects. Though we sleep on same bed, she just sleeps off. When i go to her, either she pushes or says she has to wake up early sleep now. Even with so many days gap, when I initiate intimacy after 1-3 months, but she taunts saying I only want that from her. I have been hugging, kissing and showing love, affection care on her right from the 1st day of marriage. The same thing is missing from her. I have tried many times talking to her in polite way, trying to woo her, but of no use. I have approached many times we can have one on one talk and sort out any issues she has with me, but she avoids coming into talking terms. I have tried to talk saying lets understand whats going wrong. If I start generally talking, she starts arguing, negative talking and avoids the main discussion that forces me to shut my mouth. when we go out on a 2-3 day trip, she enjoys outing seeing places, food & sleep. Doesn't behave romantically, lovingly. It's just like same as at home. Even I know I am not earning much and trying best to do well. She always keep telling about her money and financial support and her parental house with arrogance & attitude. She has been good with her parental side, but not my side. I believe both husband and wife should take care of family together irrespective of who is more financially strong. Just because I am not earning well, this type of treatment I don't understand. If it was recent few yrs I can understand. But right from day one I have been facing this. Now I've stopped talking much and in silence going through loneliness.
Ans: Dear Prashanth,
I understand that it has been quite difficult for you. After 29 yrs, feeling unwanted, unsupported and criticized can leave anyone extremely lonely. Your problem sounds a lot bigger than just lack of intimacy. There are long-standing communication issues, and both emotional and financial issues. This cannot be solved with romance alone. The better step is to stop pursuing intimacy for now, since your partner is uninterested, and instead focus on having a structured conversation, such as, "Are you willing to work on this marriage, to make it better?" If she refuses to discuss these things with you, I suggest seeing a marriage counsellor; it will be an impartial party looking into the matter, without supporting one over another.

Hope this helps.

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Nayagam P

Nayagam P P  |12512 Answers  |Ask -

Career Counsellor - Answered on Aug 12, 2026

Asked by Anonymous - Aug 12, 2026
Career
my daughter has secured admission in CSE-AI at IGDTUW .Going by the reputation of the institute she withdrew from BITSAT,JOSAA, LNMIIT and MHT-CET counselings. But now after attending the college for few days, she has been completely put off by the real bad infra and attitude of teachers there.Only viable option left now for her is COMEDK, where she can get CSE in MSRIT.We are delhi based and budget is not a issue. Please suggest further course of action.
Ans: Your daughter may consider switching to MSRIT CSE through COMEDK if her initial experience at IGDTUW has led her to reassess her choice. MSRIT offers good industry exposure and the advantage of Bengaluru’s strong technology ecosystem. However, it would be advisable to visit MSRIT and interact with current students before making the final decision.

Please also verify the current COMEDK counselling and reporting status, as deadlines and eligibility can vary by round. Before proceeding, confirm that her specific counselling status permits admission/reporting at MSRIT.

At the same time, it is important to remember that no institution is perfect; every college has its own strengths and areas for improvement. The decision should therefore consider academics, campus environment, faculty interaction, placements, peer group, location and overall student experience.

Finally, ensure that your daughter is comfortable and mentally prepared to relocate from Delhi to Bengaluru, and that you as parents are also equally comfortable with the transition. If MSRIT appears to offer a better overall fit after this evaluation, switching can be a reasonable option. If possible, it may be worthwhile to keep RVCE CSE as a preference until the final counselling round, provided your daughter has already included RVCE CSE among her choices. If the option remains available in the subsequent rounds, she can consider it based on the seat availability and her merit position. All The Best for Your Daughter's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

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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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