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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
Ashok Question by Ashok on Feb 27, 2023Hindi
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For retired person , which is better new tax regime or old. Mainly income from investments viz, mutual fund Capital gain, FD interest, EPF pension.

Ans: Person having taxable income around 20-30 lacs and take deduction less than 4.25 lacs from housing loan/80C/80D, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24

In future, you can calculate the tax from following link :

https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx
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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I had commerce and maths in 12and now Want to do graduation in business analytics . Which college should I prefer in Jaipur as well as pan india. Pls Give suggestions for *both* Don't want to do ca cfa Cs cma and other such courses. College should have various societies, cultural activities like debates and modern age competitions with strong academic excellency and placement records. Stream :commerce with maths Should be affordable (even by availability scholarship family annual income 12 L) Like Krea university offering scholarship for the same income grp . 12% =86 No entrance exam given Suggest college which is accepting admissions right now also.
Ans: With a commerce and maths background and no entrance exam, you can gain admission immediately into strong, affordable BBA/BBM (Business Analytics) programs that combine academic rigor, active societies, cultural events, and proven placement support, with scholarship options for a family income of ?12 LPA.

The following ten institutions accept 12th commerce + maths applicants now, offer vibrant student life (debate clubs, data challenges, cultural fests), and provide need-based or merit scholarships similar to Krea’s model:

ICFAI University, Jaipur – BBA (Business Analytics) with UGC approval, societies for finance, quizzing, tech fests, campus recruitment rates around 80% and scholarships up to 50% for incomes ≤ ?12 LPA.

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Christ University, Bangalore – BBA Strategy & Business Analytics (Hons) with research options, national debating society, business clubs, ~88% placement, scholarships up to 50% for ?12 LPA income.

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Recommendation: For the strongest blend of analytics focus, campus life, and scholarships, prioritize ICFAI University Jaipur and IBS Jaipur for their immediate admission cycles and generous aid. Next consider JAIN University and Christ University for pan-India exposure and vibrant societies, followed by JECRC University for its analytics accreditation and Jaipur-based convenience. All the BEST for a Prosperous Future!

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Hi sir my son is in 10th now he opts for iit and it woukd be challenging so i jave suggested him to go with bits and iiit too. In this case what are exams he has to go through At the same time he has taken kannada as 2nd language in 10th and wants to opt sanskrit in 11th and 12th for scoring purpose will be a wise decision as we have a option to answer the paper in english to please advise
Ans: For a 10th grade student aspiring to join IIT, BITS, and IIITs, understanding the complete examination roadmap and making strategic language choices is crucial for maximizing overall academic performance. Regarding language selection, switching from Kannada to Sanskrit in Classes 11 and 12 offers compelling advantages for scoring purposes. Sanskrit consistently demonstrates superior scoring potential compared to regional languages, with 2,758 students achieving perfect 100 marks in Sanskrit during recent CBSE examinations, significantly higher than other languages. Educational experts confirm Sanskrit's reputation as a "scoring and simple subject" with compact syllabi, straightforward question patterns, and high success rates, as evidenced by Karnataka students historically choosing Sanskrit for easy scoring compared to Kannada, English, or Hindi. The Sanskrit examination format includes multiple-choice questions with given options, fill-in-the-blank grammatical forms, and structured essay questions—all conducive to higher marks with proper preparation. Additionally, Sanskrit papers can be answered in English in many examination systems, eliminating language barriers while maintaining the scoring advantages. The strategic benefit extends beyond board examinations, as Sanskrit knowledge proves valuable for competitive examinations like UPSC, where it's considered among the most scoring optional subjects.

Recommendation: Your son should proceed with JEE Main and Advanced preparation while registering for BITSAT and researching IIIT-specific entrance examinations like UGEE. Switching to Sanskrit in Classes 11 and 12 is strategically wise given its consistent high-scoring potential, simplified examination patterns, and compatibility with English-medium answering, ultimately supporting his overall academic percentage crucial for engineering admission success. All the BEST for a Prosperous Future!

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I got Electronic and communication in advanced communication technology in NMAMIT, nitte Or through KCET Information science branch in Sahyadri engineering college in mangalore Which is better?
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Sahyadri College Engineering's Information Science program demonstrates strong placement consistency with 89% of registered students securing offers in recent years, supported by NAAC A accreditation and NBA approval for five engineering programs. The Information Science department recorded 54 registered students with 48 placements (89% rate) and attracts major recruiters including Google, Microsoft, Amazon, TCS, and Infosys, with the college reporting highest packages of 40-43 LPA and average packages of 3.5-4 LPA. The institution maintains strong industry connections with over 250 companies visiting annually, providing internship opportunities ranging from ?15,000 to ?60,000 per month and comprehensive placement training from the first year onwards. Infrastructure includes advanced computing labs, project-based learning initiatives, and active entrepreneurship cells fostering innovation and skill development in contemporary technology domains.

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My son got NIT Calicut Computer Science in Josaa 2025 counselling. His JEE Mains CRL was 4241. He may get NIT Surathkal ECE in CSAB counselling. We are from General category. Which option will be better for him, NIT Calicut CSE or NIT Surathkal ECE, in terms of placements and packages?
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NIT Surathkal's Electronics and Communication Engineering program achieved a 72.66% placement rate in 2024 with an average package of INR 20.89 LPA, demonstrating strong performance in both core electronics and software domains. The institute holds superior institutional ranking at 17th position in NIRF Engineering 2024 and 46th in overall rankings, reflecting its established academic reputation since 1960. NITK Surathkal benefits from exceptional research infrastructure including a dedicated Central Research Facility worth INR 80 crores featuring 45 high-end equipment sets, making it the only NIT among 31 chosen by HEFA for such advanced facilities. The ECE department leverages strong industry connections with companies like Qualcomm, Intel, and Texas Instruments, while maintaining access to cutting-edge VLSI, communication, and instrumentation laboratories supported by experienced faculty and comprehensive alumni networks spanning 40,000+ professionals globally.

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