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Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Nov 01, 2022

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by Amit on Nov 01, 2022Hindi

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Can you provide best salary structure for person drawing CTC above Rs 15 lakh per annum, with best options in exemption, deductions, and rebates?

Ans:

There are various options to claim exemptions under section 80C by investing a maximum of 1.5 lakh into various investment option like insurance premiums, PPF, EPF, senior citizen savings scheme, home loan principal, Sukanya Samriddhi yojana (if you have a girl child), 5 years tax saving FD, ELSS MF, NSC etc.
You can claim Rs 50,000 deduction in addition to section 80C by investing in NPS under section 80CCD.
You can also avail health cover for self and family and claim deduction under section 80D (if you are below 60 years, you can claim maximum of Rs 25,000; if your parents are above 60, you can claim for up to Rs 50,000)
You can claim up to Rs 2 lakh under section 24 if you have a home loan. The home loan interest can be claimed up to Rs 2 lakh
There is also a standard deduction of Rs 50,000
Overall you can claim a maximum of Rs 4.75 lakh deduction with the above mentioned options
You can also claim deduction on any charity made towards recognised organisations

Exemptions that you can also claim:

You can claim HRA on Actual HRA received by employer or 50% or 40% of the basic salary depending upon a metro or a non-metro location, respectively or Rent paid minus 10% of basic salary (lower of any of this is taken into consideration)
Leave Travel Allowance: This can be claimed on 2 trips in a block of 4 calendar years. In case no claim is made in a block, individuals can carry it over to the next block. You need to check your eligibility for LTA. The LTA amount will be subjected to the salary structure provided by the employer.
Exemption on perquisites like car, mobile bill, food coupons
Other exemptions like children education allowances are also applicable

All these exemptions will have limits which is uniform or based on your salary

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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Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Feb 09, 2023

Question by Nitin - Feb 01, 2023Hindi

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Hi My CTC is 15 lakh how much tax benefit I get from new tax slab

Ans: The tax you save would depend on the deductions that you make (the old regime will lower taxable income for permissible deductions and thus have a lower tax to that extent). Most of these deductions are not available in the new tax regime.
If you claim no deductions other than standard deduction, the tax saving comes to about Rs 1 lakh under the new regime. If you claim Sec 80C and NPS, then new regime would be better by Rs 39,000

Mihir Tanna |1069 Answers |Ask -Follow

Tax Expert - Answered on Apr 20, 2023

Asked by Anonymous - Apr 19, 2023Hindi

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my ctc is 15lakh. pls advice which tax regime would be better option for me.

Ans: Person should select tax regime based on eligible amount of deductions/exemptions under both tax regime. Usually when person is eligible for maximum of specified limit old tax regime is beneficial.

For e.g. if person is earning income from salary of Rs.15 lacs, eligible for deduction of Rs.1 lakh (say from HRA) and eligible for deduction for tax saver investment of Rs.1 lakh (say from LIC, PPF, Tax saver MF, Mediclaim etc). New tax regime is likely to reduce tax liability for FY 23-24.

However, if we change example and increase deduction from salary to Rs.1.5 lacs and deduction of tax saver investment to Rs.2.5 lacs, old tax regime is likely to beneficial for FY 2023-24.

You can compare tax liability at https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx

Mihir Tanna |1069 Answers |Ask -Follow

Tax Expert - Answered on Feb 13, 2025

Question by Sanjeev - Feb 03, 2025Hindi

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Sir, I am Sanjeev Kumar, working as pharma employee, my annual CTC is 14.0 lac, I would like to known, which tax regime is suitable to me, old or new. Expecting to hear from you soon.

Ans: If your deductions from HRA, 80C, 80D etc is not likely to cross 5 lacs, new tax regime is likely to be beneficial as per proposal of budget 2025

Vipul Bhavsar |97 Answers |Ask -Follow

Tax Expert - Answered on Feb 12, 2025

Asked by Anonymous - Feb 11, 2025Hindi

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I recently got a promotion with a significant salary hike, but my tax liability has also increased. My CTC includes basic pay, HRA, performance bonuses, and stock options. I’m looking for advice on how to structure my salary better to minimise taxes. Should I opt for more allowances or explore other exemptions? Also, how do stock options affect my tax liabilities? I'm 29, an IT professional working in Bangalore.

Ans: Dear Sir,
Kindly provide figures as to ascertain the exact benefits and exemptions values that may be available/claimed. Moreover, the Tax Liability can be arrived at after considering New Scheme and Old scheme as well.
Please provide full data to answer your query

Mihir Tanna |1069 Answers |Ask -Follow

Tax Expert - Answered on Apr 28, 2025

Asked by Anonymous - Apr 11, 2025

Money

Hi Mihir My CTC is around 40 lakh. Could you please advise which tax regime is good for me Thanks

Ans: Selection of tax regime depends of eligibility of amount of deduction and exemption. Considering income of 40lacs, when amount of deductions/exemption cross 7,75,000; old scheme is likely to be beneficial for the tax payer.

You can calculate tax liability, using advance income tax calculator available at following link:

https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

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Career Counsellor - Answered on Jul 27, 2025

Question by Ayush - Jul 27, 2025Hindi

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What would be a better option for Mechanical Engineering: Gati Shakti Vishwavidyalaya, Vadodara or Chandigarh College of Engineering and Technology, Sector 26, Chandigarh? Does Gati Shakti Vishwavidyalaya have an edge here considering the fact that is a Central University and the only one under Ministry of Railways?

Ans: Gati Shakti Vishwavidyalaya (GSV) is India’s first University under the Ministry of Railways, offering B.Tech in Mechanical Engineering (Rail Engineering) with specialized courses in rail-wheel dynamics, high-speed rail systems, electric traction, rolling stock interactions, and material characterization. Its Career Development Cell reports a 94.44% placement rate for Mechanical Engineering in 2024–25, with 92.5% of all graduates placed, multiple PPOs, and dual offers from recruiters such as L&T, ALSTOM, Siemens, Toyota Tsusho, and Mahindra Logistics. GSV’s academic environment emphasizes industry-driven curriculum, hands-on projects at railway sites, emerging tech labs (IoT, AI, Drone), and research collaborations with global institutions, fostering strong technical and interdisciplinary skills. Student support includes structured training, personalized mentoring, and incubation for rail-sector entrepreneurship, though alumni networks are nascent given the university’s recent establishment.

Chandigarh College of Engineering and Technology (CCET) is a well-established public institution affiliated with Panjab University, ranked 251–300 under NIRF Engineering 2024 and #59 in Outlook’s private engineering category. Its Mechanical Engineering department, since 2006, maintains state-funded labs, DST-sponsored activities, and ASME student chapters, with 60 seats and faculty experienced in CAD/CAM, sustainable design, and thermal systems. Placements for Mechanical Engineering average 60%–65% over the past three years, with median packages around ?4 LPA and top recruiters including TCS, Wipro, and Infosys, though core mechanical roles are limited, pushing many graduates into IT or non-core sectors. CCET’s research output spans government-sponsored projects, consultancy, and industry partnerships, and student support features counseling, scholarships, and vibrant campus life, yet deep rail-infrastructure synergy is absent.

Given GSV’s exceptional placement rates in Mechanical Engineering (94.44% vs. ~60% at CCET), its specialized rail-engineering curriculum, direct Ministry of Railways linkage, and immersive industry partnerships, Gati Shakti Vishwavidyalaya offers superior value for aspiring mechanical engineers seeking core industry exposure and strong placement prospects.

Recommendation: Enroll at Gati Shakti Vishwavidyalaya for Mechanical Engineering to leverage its unique status as a Central University under the Ministry of Railways, specialized curriculum, 94.44% placement rate, and robust industry connections in transportation and logistics, ensuring focused skill development and high employability. Anyway, please note, All the BEST for a Prosperous Future!

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 27, 2025

Question by Mohammad - Jul 27, 2025Hindi

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Sir, my son has got 3269 rank in JEE 2025. Following 4 options are there for him CSE at MNNIT Allahabad, ECE at NIT Trichy, ECE at NIT Suratkal, IT at NIT Suratkal, ECE at NIT Warangal . Kindly advise for best option , my son is little inclined towards CSE. Should we go for branch or should we go for college brand. Career xDo you want to be the first to know when

Ans: Hello dear
Preference order: (1) CSE @ LNMIT Allahabad (2) IT @ NIT Surathkal (3) ECE @ NIT Tricity (4) ECE @ NIT Surathkal (5) ECE @ NIT Warangal. The preference order is given considering his interest in CSE. Your choice and preference order may change, and that will be your decision.

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Asked by Anonymous - Jul 27, 2025Hindi

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Mht cet 444 rank igot vjti cs

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 27, 2025

Question by Vignesh - Jul 27, 2025Hindi

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Sir, my son is currently in 12th grade and will be appearing for JEE Main 2026. Based on his regular mock tests, he is scoring around 140 marks. With continued preparation, we are targeting a score of 170+. We are from Chennai and belong to the general category. His interest is in mechanical engineering with a research orientation, and he aspires to build sports cars in the future. NIT Trichy is our preferred option. However, with a 170 score, will that be difficult to get? In that case, should we consider IIIT Kancheepuram? How are the infrastructure and facilities there? Also, in your opinion, which would be a good college to aim for with that range of marks?

Ans: Hello dear
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Asked by Anonymous - Jul 27, 2025Hindi

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In 2024 in 12th I got compartment on maths then again got compartment in compartment exam also gave jee mains but didn't qualify for JEE advance , then next year 2025 i appeared as a private candidate through essential repeat category then pass with aggregate for jee and this year also give jee mains with 97%tile but didn't qualify for JEE advance 2025 ,. So questions is I filled in jee mains form this year as a appearing candidate , am i eligible for Jee advance 2026

Ans: Hello dear.
Yes, you are eligible for JEE Advanced 2026 since your first attempt (passing year) is considered 2025, and you can attempt JEE Advanced in 2025 and 2026.

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Career Counsellor - Answered on Jul 27, 2025

Question by Kavita - Jul 27, 2025Hindi

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I wanted career advice i am student of 2 year ba llb (BBDU) and i not satisfied with my college should i take a drop and prepare for exam like clat , ailet, mhcet and other govt exam or should i continue with my college i have good academic records of 70%in 10 and 87% in 12 and 8.7 cgpa in 1 semester and 2 semester result is awaited i am really confused what path should i choose as 1 generation law student of my family i have really doubt this college foes not have very records and very bad or no placement and no internship as of i know right now for ballb

Ans: Kavita, Babu Banarasi Das University’s (BBDU) BA LLB program in Lucknow features modern infrastructure, supportive and experienced faculty, and a curriculum covering both theoretical and practical legal aspects, including moot courts and legal research. However, verified student reviews, professional portals, and college data consistently reflect significant shortcomings in career support for law graduates: law placement percentages remain low, with a substantial proportion of students moving towards private practice, judicial services preparation, or higher studies due to lack of substantial campus recruitment from law firms or legal companies. While BBDU’s placement cell performs well overall, opportunities are primarily for technical and management programs rather than law, with only scant on-campus internships or legal placements. The college website highlights guest lectures and conferences but does not report regular, quality placements for BA LLB students. Industry opinion and academic trends confirm that India’s most successful law graduates—particularly first-generation aspirants—are from top-ranked National Law Universities (NLUs) and renowned government law colleges (admission via CLAT, AILET, MH CET LAW), where structured internships with premier law firms, judges, and companies drive a much higher rate of employability, networking, and long-term career success. The five most vital criteria—academic content, experienced faculty, robust placement and internship ecosystem, infrastructure, and national network/alumni strength—are not fully realized at BBDU for law. Systematic exam preparation with your strong academic background can secure entry into a leading university, offering superior academic and career prospects compared to continued study at BBDU.

Recommendation: As a first-generation law student with a robust academic record and clear career ambition, consider taking a drop to rigorously prepare for competitive exams like CLAT, AILET, and MH CET LAW. Admission to a top-tier national law university or government law school considerably enhances academic training, placement opportunities, and long-term professional growth compared to persisting at BBDU in the current BA LLB program. All the BEST for a Prosperous Future!

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Nayagam P P |9487 Answers |Ask -Follow

Career Counsellor - Answered on Jul 27, 2025

Question by Renesa - Jul 27, 2025Hindi

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Sir I might get ECE at NIT Durgapur via CSAB, and have already got CSE at IIEST Shibpur... considering which one will be better?? does NIT Durgapur's reputation anyhow help in getting better placements than Shibpur?

Ans: NIT Durgapur’s ECE branch recorded a placement rate of nearly 65% in 2024, with around 17% higher average salaries compared to most other engineering departments at the institute and key recruiters spanning both core and software sectors. However, IIEST Shibpur’s CSE branch consistently secures higher placement rates—over 83% in recent years—backed by an excellent academic reputation, prominent national rankings, advanced research facilities, and consistently strong industry presence from top IT and consulting firms. Nationally, IIEST Shibpur is ranked higher than NIT Durgapur and stands out for its historic legacy, modernized infrastructure, and superior research output, attracting a vibrant peer group and leading to strong outcomes both for direct placements and future studies. IIEST’s holistic environment and the ever-increasing demand for computer science skills further enhance long-term flexibility and career prospects compared to an ECE degree from NIT Durgapur.

Recommendation: CSE at IIEST Shibpur is the better choice, providing higher placement rates, superior national ranking, cutting-edge curriculum, broader job profiles, and greater growth opportunities. Unless your exclusive interest is ECE, IIEST Shibpur’s CSE offers a more secure and rewarding pathway for academic and career advancement. All the BEST for 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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