I have taken home salary of 1.41lakhs. I have declared below items under old tax regime. Home loan interest - 2 lakhs HRA - 3.8 lakhs Principle payment of home loan + pf (80 C) - 1.5 lakhs. Medical insurance 80 D - 40k standard deduction - 50k What are all the other options I can take to save tax. Kindly let me know

Ans: There will be no issues during document verification. Now, please focus more on your upcoming JEE (Mains) rather than worrying about other issues without reason. Stay relaxed. Best of luck to you in advance. I request you to ask questions only in the follow-up section so I can understand what you asked and what I replied.

Ans: Hi,

It is great that you are taking a step forward towards your early retirement after 10 years. Let us analyse things one at a time.
1. Emergency Fund - You want to put 5 lakhs as emergency fund for you. It is a good amount and you can park in liquid mutual fund. Go for ICICI or HDFC liquid funds for this.
2. Term Insurance - 2 crores cover is good enough. If you share monthly income, would be able to calculate exact amount more accurately.
3. Health Insurance - Take one with a minimum cover of 15 lakhs to cover yourself and family.
4. Current MF - currently around 8.5 lakhs value. Good funds. Continue this amount in these.
5. Stocks - current value of 8.1 lakhs. Direct stock investment is very risky and nor recommended as it requires complete tracking and knowledge. You can consider shifting the entire amount in mutual funds for your retirement.

You want to invest a lumpsum of 15 lakhs and start a SIP of 1.3 lakhs again. You can choose to invest 15 lakhs in equal proportion in your current mutual funds and start SIP in the same funds as well.
However, you can also consider consulting a professional advisor who can build a portfolio for you for all your investments. An advisor guides you with right investment throughout and monitors all investments periodically to cater the requirement and market movements.

Your goal is to reach a corpus of 4 crores in 10 years. With current investments you can only get 3.5 crores in 10 years. You need to increase your SIP by 10% each year to get 5 crores.

Also make sure you have no financial liability left when you retire. And have a dedicated fund for other major goals such as kids education, travel, their marriage etc.

Hence do consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile. A CFP periodically reviews your portfolio and suggest any amendments to be made, if required.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

Ans: Yes. Your query has already been replied.

Ans: Hi,
You did not specify which category you belong to. When applying for a central government position, whether for education or employment, make sure that your certificate’s expiry date is within one year from the date of your application.

Please verify that your certificate will not expire before the counseling date. Most people will not pay much attention to the attached photo, as there may be slight differences between the photo and your current appearance. Therefore, it’s essential to prioritize the expiry date of your certificate.
best regards

Ans: You can apply for the AP Intermediate Maths Bridge Course by submitting a request through your college to the Board of Intermediate Education, which allows BiPC (Bio+Phy+Che) students to study Maths for engineering eligibility.

Good luck.
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Radheshyam

Ans: If you reappear through NIOS as a new Class 12 student in 2026, you must select “appearing,” which will legally reset your qualifying year to 2026, making you fully eligible for JEE Advanced again, regardless of your 2024 attempt.
However, I will suggest / recommend that, instead of aiming JEE (Adv) without any solid reason and wasting time and money for that, it is better to take the admission to any private and reputed engineering college with the preferred branch to end the uncertainty. Running behind the JEE (Adv) for years is not at all recommended. The final decision will be yours.

Good luck.
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Radheshyam

Ans: COEP pune

Ans: You need to clear the backlog before a set date. They will give you time to submit your documents. In your case you can get admission and submit documents before the deadline.

Ans: NMIMS Pharma MBA is a good option and has decent placement. GIM too has a course on Healthcare mangement which you can try for. Third option is TISS where they have some course for healthcare.