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Nikunj Saraf | Answer |Ask -Follow

Mutual Funds Expert - Answered on Feb 04, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Lokesh on Feb 01, 2023Hindi

Do salaried get any benefit from this budget whose salary is greater than 50L and opted for old regime?

Ans: Hello Lokesh

As a financial advisor, I would advise you to consult a chartered accountant for specific tax planning advice. They have expertise and in-depth knowledge of tax laws and regulations and can provide you with personalized strategies to minimize your tax liability. I can assist you in creating a comprehensive financial plan, but for tax planning, it is best to consult a tax professional.

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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Tax Expert - Answered on Feb 15, 2023

Asked by Anonymous - Feb 01, 2023Hindi

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Is new Tax benifit helpfull for salaried employees with packages between 27-30 Lacs per annum

Ans: New tax regime is beneficial if all the tax benefits are not taken. For e.g. if income is 30 lacs and deductions u/s 80C is 150000 taken, tax liability will be Rs.600000 under new tax regime and under old it will be 667500.

However, if person take PPF benefit of 1.5 lac, 25k in mediclaim, housing loan interest deduction 2 lacs, 50k standard deduction from salary; tax liability under old regime will reduce to 585000.

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Tax Expert - Answered on Feb 04, 2023

Question by Ashim - Feb 01, 2023Hindi

How this Budget 2023 is benefited for salaried (upto 9lakhs per annum) person

Ans: If person is earning 9 lacs from salary and have invested Rs.1,50,000 for tax saving (housing loan/insurance/mediclaim/NPS/tax saver MF etc); new tax regime will be beneficial after changes proposed in Budget 2023 for slab rate and standard deduction. Gross tax liability (without cess) under old regime will be Rs.52,500 and under new regime it will be Rs.40,000.

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Tax Expert - Answered on Feb 27, 2023

Asked by Anonymous - Feb 01, 2023Hindi

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For experienced professionals earning more than 50L per annum, basically there is no change correct ( under old regime). Is the new regime beneficial for professionals with higher income?

Ans: Person having taxable income around 25 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

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Tax, MF Expert - Answered on Mar 16, 2023

Question by Manoj - Mar 10, 2023Hindi

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Sir what is the difference between current and previous regime. Which is more beneficial for a salaried person.

Ans: Depends on the deductions you can claim

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Nayagam P P |3996 Answers |Ask -Follow

Career Counsellor - Answered on Dec 26, 2024

Question by Sumit - Sep 21, 2024Hindi

Career

Hello, i have 26 yrs of experience in the IT industry, and currently working as a consultant technical manager for important projects in several drdo labs in Hyderabad for the past few years. Despite being handson in coding, system design, I am also responsible for team management, deliverables, requirement analysis, and stakeholder management. I have an executive MBA from xlri and certification from pmi. Being 54 years of age, what are my options? Are there opportunities for people in the 50s? How about remote work or freelancing opportunities? I kind of find myself stuck and would like to explore opportunities. Any ideas? how to stay relevant in this ever changing world of technology?

Ans: Sumit Sir,
54-year-old with a strong background in the IT field, high-stakes projects, and an Executive MBA from XLRI can still stay relevant and look for opportunities. You can try for freelance consulting, work from home, coach, mentor, and train businesses in Agile methods, stakeholder handling, and team leadership.

To stay current, you can move into academic or research roles as an adjunct professor, work on research projects with universities or think tanks, or start your own business as a niche consultant.

To look for opportunities, make your LinkedIn profile stand out, share stories or insights, actively network, upskill strategically, and build a portfolio. Being old is an asset, but it's important to use it as a unique selling point and be flexible to stay competitive. By carefully using your skills and experience, you can open up many good opportunities and continue to thrive in the ever-changing tech world. All The Best for Your Prosperous Future.

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Dr Vinod Kumar |147 Answers |Ask -Follow

Kidney Health Specialist - Answered on Dec 26, 2024

Question by K - Dec 26, 2024Hindi

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During a recent USG of my stomach in connection with post endoscopy done an exophytic cyst measuring 7.6cmX3.6 cm was identified abutting against left kidney mid cortex. As such I donot have any pain or any problem right now. I would like valuable advise from Doctor

Ans: The cyst size looks quite big. It is better to do CT abdomen with contrast to rule out any significant lesion. If it turns out to be benign you need to do yearly scans.

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Career Counsellor - Answered on Dec 26, 2024

Question by Abin - Sep 14, 2024Hindi

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I've just started my SSC preparation at the age of 24. I wasn't a good student during my graduation, so I only achieved 53% marks. However, I believe that if I give it my best, I can crack the SSC CGL exam because I have relatively good marks in my post-graduation (70%). My concern is whether there's any chance that SSC might introduce a minimum graduation percentage requirement for the CGL exam in the future. If they do, all my efforts could go to waste. Could someone clarify if there’s any possibility of SSC implementing such a requirement?

Ans: Abin, The future of SSC's qualifying requirements is uncertain, but it is suggested that the test's emphasis on merit rather than academic grades could be impacted. Performance in the selection process is more important than academic records for most government tests, including SSC CGL. Any changes to eligibility requirements would be made public, and transitional rules may be in place. To prepare, focus on aptitude, reasoning, and topic knowledge in SSC CGL. If concerned about changes, consider other options like state-level government exams or competitive tests. Stay updated on SSC's changes. All The Best for Your Prosperous Future.

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Kidney Health Specialist - Answered on Dec 26, 2024

Question by K - Dec 26, 2024Hindi

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My fasting blood results for 2 tests done during last 3 months are : September 113 & 6.0 and December : 99 & 6.0. Would like valuable comment and advise.

Ans: You are pre-diabetic. Just follow diabetic diet and regular exercise daily.

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Career Counsellor - Answered on Dec 26, 2024

Question by Pramya - Sep 13, 2024Hindi

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I completed my MA in Philosophy in 2020. After then I was preparing for banking exams., but somehow I feel that this not my cup of tea. And I was totally clue less what to do with my career. One of my friend got recruited as a government teacher after completing her B.ed. .. And now I also enrolled to the b.ed course. But also I am preparing for government lecture job. But I don't have the patience to study... I frequently get distracted..... because every person around me already have their job and they enjoying their life. And me here, still dependent on my parents for a little expenses. How can I concentrate on my studies. And I want to know is their any other option as per my education background? I really want to try my hands on IT sector. But as I am Arts student, ls there any course available suitable for my profile?

Ans: Thank you for your question. I have responded to a similar question recently. You may check my answer here
If you are looking for more details, I would be happy to assist/guide you. All The Best for Your Prosperous Future.

Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

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Career Counsellor - Answered on Dec 26, 2024

Asked by Anonymous - Sep 24, 2024Hindi

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Hi Sir/Madam, Kindly request you to please guide in Finance and Accounts sector which is the best course certification or any training or course to do online if the individual man has a career gap of 3 years with 2.5 years of experience with only B.com degree. Kindly request you to please guide has I need the job very urgently. Kindly request you to share list of important course or certifications through online to get a job has a analyst or Executive or associate in management Level. Thanks and Regards.

Ans: Coursera and LinkedIn Learning offer various certifications in accounting and finance, including Tally ERP 9 or TallyPrime, QuickBooks Online, Analyst for Financial Modeling and Valuation (FMVA), First Level of Chartered Financial Analyst (CFA), GST Certification Course on Tax & Compliance, Tax Filing Course, and SAP Financial Accounting and Controlling (SAP FICO). Coursera also provides Excel Skills for Business and Power BI and Tableau courses for data visualization.

To update your resume, focus on your B.Com degree and work skills, list desired licenses, start freelance or internship projects, use networking to connect with finance and accounting candidates on LinkedIn, and improve your "soft skills" to improve communication, time management, and problem-solving abilities. These certifications and skills will increase your chances of getting a job quickly and look good on your resume. By incorporating these certifications and skills, you can increase your chances of success in the finance and accounting industry. All The Best for Your Prosperous Future. Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

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Plastic-Aesthetic Surgeon, Emergency Care Consultant - Answered on Dec 26, 2024

Asked by Anonymous - Dec 23, 2024Hindi

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Doctor, after two pregnancies and losing a lot of weight, I’m left with saggy skin and a bit of a tummy bulge that just won’t go away, no matter how much I exercise. I’ve been reading about tummy tucks but I am not sure if it will help me. What is the procedure and what is the success rate? Will I look natural after the procedure? Are there any long-term risks I should think about?

Ans: Tummy tuck surgery is one of the most rewarding plastic surgeries. All ur issues will be sorted out and additional benefits like better posture and thus reduced back pain are bonus.
There are no major risks in this surgery in general.
Please visit a plastic surgeon and get detailed consultation.

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Career Counsellor - Answered on Dec 26, 2024

Asked by Anonymous - Oct 16, 2024Hindi

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Hello Sir, I am 47 Years old from Mumbai with a family ( wife + 2 Kids). I am doing business currently, but as my Daughter is doing CA, I started loving CA course. I want to do CA, but I studied only till SYBCOM last in 1997. As I know,One can do direct entry ( for CA Intermediate) if one has completed is Graduation, but in my case I am not Graduate. Also for Final CA, eligibility criteria is minimum qualification must be Graduate. So at this age and after long Gap How can I complete my Graduation and from which university offer this course ( I Studied from Mumbai University)

Ans: Thank you for your question. I have responded to a similar question recently. You may check my answer here
If you are looking for more details, I would be happy to assist/guide you. All The Best for Your Prosperous Future.

Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

Nayagam P P |3996 Answers |Ask -Follow

Career Counsellor - Answered on Dec 26, 2024

Asked by Anonymous - Aug 23, 2024Hindi

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I am 56 and have been in senior positions in process industry . Have been from hands on to heading the operations . Last assignment was abroad in Africa as the CEO . I had to cut it short and return . I would Like to pursue certain courses now to be an independent consultant or join again abroad or otherwise in senior position after pursuing certain course which would be useful. Can I get a suggestion

Ans: Thank you for your question. I have responded to a similar question recently. You may check my answer here
If you are looking for more details, I would be happy to assist/guide you. All The Best for Your Prosperous Future.

Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

Nayagam P P |3996 Answers |Ask -Follow

Career Counsellor - Answered on Dec 26, 2024

Question by Sushant - Dec 24, 2024Hindi

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Financial Risk Managers scope

Ans: Sir, Financial Risk Managers (FRMs) are professionals who identify, analyze, and mitigate financial risks, including market, credit, operational, and liquidity risks, to ensure organizational stability. They are in high demand across various sectors, including banking, investment firms, insurance companies, asset management, consulting, and regulatory bodies. FRMs develop risk models, stress test portfolios, create hedging strategies, and advise on risk mitigation policies. They work closely with senior management to align risk strategies with business goals. The FRM certification, awarded by the Global Association of Risk Professionals (GARP), opens doors to careers in major financial hubs. Career progression and salaries are competitive, making FRM a lucrative field. The scope for FRMs continues to expand as organizations prioritize proactive risk management. All The Best for Your Prosperous Future. Follow RediffGURUS to Know More on 'Jobs|Education|Careers'.

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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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