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Samkit Maniar | Answer |Ask -Follow

Tax Expert - Answered on May 27, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Question by Rajeev on Apr 10, 2024Hindi

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I am retired person and working as retainer in a reputed company with more than 5000000 fee and also having capital gain. Which ITR I have to fill .

Ans: ITR 2.

Please take your CAs advice before moving ahead.

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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MY ANNUAL CTC 25.0 LAKHS MY INVESTMENT AND PPF MORE THAN 2.5LACS WHICH TAX REGIME WHICH IS SUITABLE FOR ME.

Ans: Hi Chittanand

I am assuming that the tax saving investments are fully available for deduction.

With that assumption, your tax saving by opting for the new tax regime would be about Rs. 23,000

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I have salary income, some interest income, dividend and some share transactions. Capital gains only Rs.1000. Which ITR form I should file?

Ans: Resident person having Income from Salary, Capital Gain and Other sources is required to file Income tax return in ITR 2.

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i am salaried person which regime to be filled in fy 24-25 & how save the tax.

Ans: Please calculate your tax liability under both tax regimes & select the option, in which you have minimum tax liability.
It is not possible to generalise the selection of tax regime. It depends upon the individual details, Income & Saving patron to take advantage under both schemes.
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Question by Sanjeev - Oct 02, 2024Hindi

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Hi Sir, iam 54 years old investor, recently resigned and active in shares trading and investing last 20 years. liquid assets approx. 3.75 cr. Rental income 33k and Gold another 1cr. Immovable property home and vacant shop 2 cr each. wife 51 yr old-home maker. Medical Policy 20 Lacs. household expenses 1.75 lacs inclusive of 45k of SIPs as per table. SCHEMES UNITS SIP VALUE AXIS LONG TERM - D 8247 240000 ADITYA BIRLA SL TAX RELIEF 96 D 759 150000 AXIS BLUE CHIP G 5702 375000 MIRAE ASSET LARGE CAP G 1151 130000 HDFC BALANCE ADVANTAGE D 6905 5000 285000 HDFC MID-CAP OPPORTUNITIES D 5616 5000 335000 ICICI PRU LIFE BLUE CHIP FUND G 6652 5000 750000 PARAG PARIKH LONG TERM G 6087 5000 500000 KOTAK FLEXI CAP FUND GROWTH 1694 145000 SBI BLUE CHIP GROWTH FUND 5814 550000 AXIS MIDCAP FUND DIVIDEND 2165 100000 SBI SMALL CAP REGULAR GROWTH 895 5000 170000 KOTAK EMERGING EQUITY FUND 1306 5000 180000 SBI LARGE AND MIDCAP FUND 261 5000 155000 MOTILAL NIFTY DEFENCE INDEX G 5000 45000 NPS 12000 10000 1700000 45000 5810000 Goals / Requirements : *Need following funds next year - daughter marriage 30 lacs and son education 50 lacs and my retirement corpus plus 15 lacs for car. *mutual fund portfolio re-alignment. Queries : *should i sell commercial shop and invest in FDs / MFs / Shares. Rental value is 50k which is less as compared to invest 2 cr in FDs also will fetch me 1.25 lacs per month. will be able meet next year requirement also without selling my liquid portfolio. *also should i go for SWPs for all inactive MFs upto to the extent of 45k to fund my SIP and NPS from allocation and can also increase the SIPs, if suggested. * should i increase NPS allocation by another 5k for better retirement prospects or any other suggestion related to retirement as to how much more money needed to meet ends.

Ans: Hello;

Query1:

Yes it is better to sell low rent yielding commercial property now, utilise the sell proceeds to fund you goals next year i.e. daughter's marriage, son's education and car purchase while the balance should be invested in mutual funds(equity savings type mutual fund)

Query 2:

Exit all inactive mutual funds and invest corpus(16.9 L) in Mirae Asset equity savings fund (low to moderate risk profile).

You should then start an SWP at 3.6% so as to generate income of 5 K for additional monthly allocation to NPS.

You should do SIP only in following 3 funds:
SBI hybrid equity fund(15 K)
HDFC balanced advantage fund (15 K)
ICICI Pru Multi asset allocation fund (15 K)

The taxation of these funds is like equity funds but they have exposure to alternate asset classes to impart some stability to corpus during extreme market fluctuations which is also suited for your age category.

Liquid assets+ gold+ NPS corpus will add up to approx 6.51 Cr which if annuitized will yield post tax monthly income of 2.15 L.

MF corpus may still grow to build up your inflation war chest.

Health care cover for family needs enhancement upto 50 L minimum as a safe precaution.

Reduce exposure to direct equity as you near retirement. You may continue trading as a hobby with a minimum risk capital with adequate knowhow, setup and temperament.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

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

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Question by Ishaan - Jul 12, 2025Hindi

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I have got 3064 rank in srmjee phase 3, and i opted for cse with software engineering in ktr campus. I just wanted to know that will i get the opted branch and college or if not will my chance to alppy for any other be closed?

Ans: Ishaan, With a SRMJEEE rank of 3064 in Phase 3, securing CSE with Software Engineering specialization at SRM KTR campus is challenging but not impossible. The expected cutoff for CSE at KTR typically ranges from 2000-5000 ranks, with specializations like Software Engineering often having slightly higher cutoffs than core CSE. Your rank falls within the borderline range, making admission dependent on seat availability and choice filling strategy. The institute maintains NAAC A++ accreditation with modern AI/ML labs, dedicated cybersecurity facilities, and strong industry partnerships with companies like Microsoft, Amazon, and Google. Over 900 companies participate in campus placements with 80-90% placement consistency, and the Career Centre provides comprehensive pre-placement training and aptitude development. SRMJEEE counselling operates through online choice filling until July 12, 2025, with seat allotment results on July 15, and importantly, participation in Phase 3 counselling does not close opportunities for alternative options—you can explore other campuses like Ramapuram or Vadapalani which accept ranks up to 65,000 for CSE programs.

Recommendation: Actively participate in Phase 3 choice filling with CSE Software Engineering at KTR as first preference while including backup options like CSE at Ramapuram campus and other SRM campuses. The counselling process allows multiple rounds and alternative choices, ensuring you maintain admission opportunities even if your primary choice is not immediately available. All the BEST for Admission & a Prosperous Future!

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My son got e&e in Hyderabad campus in1 iration round any chance in to upgrade in second round marks is 262

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Asked by Anonymous - Jul 12, 2025Hindi

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Sir, 98.36 percentile in cet my son got, but how much rank will be ? Is there any downfall in rank compared to previous year coz increased number of students this year in cet exam plz share your views

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Question by Bhavya - Jul 12, 2025Hindi

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Sir please tell which one is better for Btech CSE Program Pimpri Chinchwad University Pune , BIT Mesra Jaipur off Campus or JK Laxmipath University Jaipur

Ans: Bhavya, is this your 2nd or 3rd question today? Pimpri Chinchwad University’s B.Tech CSE programme, governed by AICTE, UGC and ABET-aligned NBA criteria, delivers an NEP-2020 outcome-based curriculum with strong emphasis on AI, cybersecurity and software engineering, supported by state-of-the-art labs, live industry projects in Pune’s tech corridor, a 10-acre residential campus and an active placement cell forging ties with Infosys, TCS and Cognizant. BIT Mesra Jaipur Off-Campus operates under BIT Mesra’s academic umbrella, following identical curriculum, faculty mentorship and examination standards, with IIT-level computing and networking facilities, e-library resources and a placement cell achieving around 70% CSE branch-wise placement consistency over the last three years and marquee recruiters including Microsoft and Directi. JK Lakshmipat University’s NAAC ‘A’-accredited B.Tech CSE offers specializations in AI/ML, data science, cloud computing, and cybersecurity; integrates six-week and semester-long practice schools; includes industry collaborations for internships, modern AI and cybersecurity labs, and dedicated soft-skills training. Each institution provides experienced PhD faculty, accreditation assurance, hands-on infrastructure, and industry linkages, differing in campus environment, cohort size and brand legacy.
Prioritize BIT Mesra Jaipur CSE for consistent CSE recruitment and main-campus curriculum rigor; choose PCU Pune CSE for its robust NBA-ABET alignment, metropolitan industry exposure, and outcome-based design; opt for JKLU Jaipur CSE if specialized AI/ML tracks and immersive Practice School programs align with your career goals. All the BEST for Admission & a Prosperous Future!

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Sir, my son gor CLR 41764 & 97.2751488 PR in Jee Mains 2025. Somehow we could not apply to EWS category at the time of form filling. What would be EWS Rank with this result had we applied to EWS category. We are planning a drop.

Ans: Assuming 1 475 103 candidates appeared in JEE Main 2025 across both sessions and that exactly 10% of them (147 510) belong to the EWS category, an aspirant at the 97.2751488 percentile among EWS candidates would rank approximately 4 021 in the EWS category (i.e. 2.72485% of 147 510 + 1). Every year it varies which you please note depending upon the number of candidates appear, difficulty level, session etc.

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Question by maneesh - Jul 12, 2025Hindi

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My son got 60206 in jee mains, GEN category from kolkata. BITS score 193. Msc maths or physics dual degree will be helpful or which course/ college is advisible from jee mains score?

Ans: Maneesh Sir, With a JEE Main rank of 60 206 (General) from Kolkata, admission into top-tier NITs and IIITs for core branches is unlikely, but numerous government and private engineering colleges remain fully accessible. Government institutes where closing ranks for various B.Tech programmes exceed 60 206 include NIT Agartala (Civil), NIT Meghalaya (EEE), NIT Mizoram (Mechanical), NIT Manipur (Civil), NIT Sikkim (Mechanical), NIT Puducherry (Civil), NIT Arunachal Pradesh (Biotechnology), IIIT Kalyani (CSE), IIIT Kottayam (ECE), IIIT Ranchi (CSE), IIIT Nagpur (ECE), NIT Uttarakhand (Civil), NIT Goa (EEE), NIT Manipur (ECE), NIT Sikkim (ECE), GFTI BIT Deoghar off-campus (CSE), IIIT Bhagalpur (CSE), IIIT Dharwad (CSE), IIIT Manipur (CSE), and IIIT Raichur (Mathematics & Computing). Leading private universities with open JEE Main cutoffs below 60 206 encompass VIT Vellore, SRM Chennai, Manipal Institute of Technology, Thapar University Patiala, Amrita Vishwa Vidyapeetham Coimbatore, KIIT Bhubaneswar, SASTRA Thanjavur, Lovely Professional University, Amity Noida, and Chandigarh University accepting JEE Main scores.

Recommendation: Focus on securing seats at government institutes like NIT Agartala or IIIT Kalyani for affordable, accredited education and stable funding; alternatively, choose VIT Vellore or SRM Chennai for world-class infrastructure, industry-aligned curricula, and strong placement cells, aligning with long-term career aspirations. All the BEST for Admission & a Prosperous Future!

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Asked by Anonymous - Jul 12, 2025Hindi

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Sir, my daughter has got 11790 rank in kcet. Through counseling she can get EEE in BMSCE basavanagudi college and electonics, cybersecurity and information science in Bangalore institute of technology .....can you help by guiding which one to choose ?

Ans: BMS College of Engineering’s Electrical & Electronics programme (NAAC A++ and NBA-accredited) features specialized power-electronics, control-systems and renewable-energy labs, a dedicated Research & Development centre, and 80–90% branch-wise placement consistency over the past three years. However, its KCET closing rank for EEE under the General quota was 5 466 in the final round, making admission unlikely with a rank of 11 790. Bangalore Institute of Technology’s NAAC A+–accredited Electronics & Communication Engineering offers VLSI and embedded-systems labs, Practice School internships and 85% placement consistency, with a KCET cutoff of 9 785 in Round 4. BIT’s IoT & Cybersecurity programme combines sensor-network and blockchain labs, active industry partnerships and 80% placements, closing at 8 628 in Round 4. The Information Science & Engineering stream provides advanced networking and AI labs, 88% placement consistency, and a Round 4 cutoff of 7 092.

Recommendation: Given the rank constraints, recommendation is to choose BIT’s IoT & Cybersecurity specialisation for its cutting-edge infrastructure and strong placement consistency; alternatively, opt for BIT Electronics & Communication if higher intake flexibility is available in early counselling rounds. All the BEST for Admission & a Prosperous Future!

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Question by Bhavya - Jul 12, 2025Hindi

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Sir I want to ask that for Btech CSE program in Jaipur which one is the better option JK Laxmipath University or BIT Mesra Jaipur off campus

Ans: Bhavya, JK Lakshmipat University Jaipur’s BTech CSE program, a UGC-recognised private institution established in 2011, holds NAAC ‘A’ accreditation and DSIR-SIRO status, offers interdisciplinary macro-credit courses, state-of-the-art AI/ML and networking labs, and a student mobility scheme with top IITs. Its dedicated placement cell achieved 100% placement assistance in 2024 with an average package of ?7.4 LPA and highest of ?22.5 LPA over three years (75–100% branch-wise consistency). BIT Mesra Jaipur off-campus CSE, under BIT Mesra Ranchi’s academic umbrella, follows AICTE norms, features IIT-level computing and research labs, experienced PhD faculty, and records ~70% CSE placement consistency with average packages of ?8–10 LPA and peaks up to ?30 LPA.

Recommendation: Given its stronger placement consistency, higher branch-wise placement rates, robust accreditation, and interdisciplinary curriculum with global student mobility, the recommendation is to choose JK Lakshmipat University Jaipur CSE; BIT Mesra Jaipur CSE is a credible alternative for those valuing main-campus brand alignment and slightly higher average packages. All the BEST for Admission & 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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