Hi Sir, I have been trying to file IT returns for the current assessment year for a relative but there seems to be some problem in linking bank account with the IT portal. I have all data prepared because of the issue the portal does not allow to proceed further. In this regard I have filed a grievance also but there is no satisfactory solution. In such a case if things are right after the deadline, will I have to pay fine for as late filing . In this case I will be filing for refund of TDS , the assessee falls under non taxable slab.

Ans: Bhimrao Sir, Some of the colleges where your daughter might get admission, based on her score and category are: Shri Sant Gajanan Maharaj College of Engineering, Shegaon; CSMSS Chhatrapati Shahu College of Engineering, Aurangabad; Usha Mittal Institute of Technology (SNDT Women’s University), Mumbai; NBN Sinhgad Technical Institutes Campus, Pune; K. J.’s Trinity College of Engineering & Research, Pune; Sinhgad Academy of Engineering, Kondhwa, Pune; Jaywant College of Engineering & Management, Killemachindragad, Pune; Zeal College of Engineering & Research, Pune; Datta Meghe College of Engineering, Airoli; Dr. J. J. Magdum College of Engineering, Jaysingpur

Recommendation: For consistent 70–80% placements, strong SC?category cutoffs, and solid computing labs, prioritise NBN Sinhgad Technical Institutes Campus, Pune. Next, consider K. J.’s Trinity College for its robust faculty and industry tie-ups. Opt for Usha Mittal SNDT if you prioritise a women-only environment with proven placement support. All the BEST for the Admission & a Prosperous Future!

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Ans: Seema Madam, USICT’s B.Tech IT at GGSIPU delivers a 76%–90% placement rate over the last three years with an average package around ?7–12 LPA, NBA/NAAC accreditation, PhD-qualified faculty, modern networking and software labs, and regular Delhi?region recruiter visits. IIIT-Delhi’s IT/CSE programmes boast 96%–98% placements, research?intensive AI/ML and systems labs, Institute of National Importance status, industry?embedded internships, and a global academic network. Recommendation: Prioritise IIIT-Delhi IT (if seat allotted) for superior placement consistency, cutting?edge labs, and research exposure; choose USICT IT only if regional convenience and lower fees outweigh long?term industry impact. All the BEST for the Admission & a Prosperous Future!

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Ans: With a CRL of 6 812 and 99.56 percentile, securing IIIT Allahabad ECE (closing ~7 438 in Round 3) is assured. In JoSAA Round 3, NIT Rourkela’s ECE opened at 4 532 and closed at 11 824, and NIT Warangal’s ECE closed at 8 315, placing your rank within both ranges for potential allotment in Round 3 or CSAB.

Academically, NIT Warangal (#13 engineering NIRF 2024) offers rigorous core and VLSI labs with a 93% three-year ECE placement consistency. NIT Rourkela (#19 engineering NIRF 2024) provides multidisciplinary research centres and records ~90% ECE placements over three years. IIIT Allahabad, a focused IT-ECE institute, consistently achieves 96–98% placements for ECE with average packages near ?29 LPA and strong AI/ML and communication research centres.

Recommendation: For highest placement consistency and specialized ECE research, opt for IIIT Allahabad ECE. If a broader NIT ecosystem and legacy brand matter more, prioritise NIT Warangal ECE for its comprehensive labs and 93% placements. Choose NIT Rourkela ECE next for its multidisciplinary research exposure and ~90% placement track. All the BEST for the Admission & a Prosperous Future!

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Ans: You are 35, a PSU employee with stable salary of Rs?80,000 basic. You have these financial holdings:

PPF: Rs?30?lakh (investing Rs?1.5?lakh annually)

Mutual funds: Rs?43?lakh (SIPs of Rs?50,000 monthly)

Fixed deposit: Rs?12?lakh

LIC: premium Rs?50,000 per year

No loans or home ownership

Comprehensive health and retirement cover via PF/NPS/mediclaim

You ask: What additional investment can secure your future? Let us create a holistic 360° plan using clear steps.

1. Recognise Your Strong Foundations
Your current holdings are robust:

Long?term safe savings via PPF

Active equity exposure via mutual funds

Liquidity from fixed deposits

Insurance through LIC for protection

Complete health and retirement cover

You are well-structured, but there is room to improve diversification, liquidity, and retirement readiness.

2. Define Clear Future Goals
Investment decisions depend on your aims. Let’s identify:

Retirement corpus by age 60

Income generation in retirement

Child education/marriage fund if planning

Short-term needs, like vacations or car purchase

Legacy planning for your family

Once goals and timelines are clear, we can allocate funds optimally.

3. Reevaluate LIC Insurance
Your annual LIC premium of Rs?50,000 covers insurance plus investment.

These policies often give low returns and high charges.

Recommend: Consider surrendering this policy

Redirect its premiums into actively managed mutual funds through regular plans

This enhances return potential and gives flexibility

Discuss surrender benefits and insurance needs with a Certified Financial Planner to ensure continued protection.

4. Reduce Fixed?Rate Concentration
Your fixed deposit of Rs?12?lakh offers liquidity but very low interest.

Instead, allocate:

Short?term debt or liquid funds for emergencies

Conservative hybrid funds for better tax-adjusted income and moderate growth

Debt mutual funds for laddered income while protecting capital

These will give better returns than fixed deposits and remain accessible.

5. Optimization of Mutual Funds Portfolio
You have Rs?43?lakh in mutual funds with Rs?50k monthly SIP.

Questions to assess:

Are these active funds or index funds?

Do you have a diversified basket (large?cap, multi?cap, hybrid etc.)?

Are they direct or regular plans?

Avoid index funds: they simply mirror market performance and offer no downside defence.
Avoid direct plans: you miss personal guidance from an MFD?CFP. Errors in choice or timing can cost more than fee savings.

Hence:

Continue with actively managed funds

Use regular plans, not direct

Diversify objectives across equity, growth, and risk

Increase SIP gradually every year, ideally by 10–15%

6. Strengthen Retirement Planning
Your PPF is good for conservative savings with long?term tax-free returns.

However, consider practical moves for post-60 income:

Open a systematic withdrawal plan (SWP) from hybrid and debt funds for monthly income

Keep part of corpus in equity for inflation protection

If you plan to retire early, maintain larger liquidity and low-risk assets

The aim: ensure steady income from your investments after retirement beyond what PF/NPS provides.

7. Introduce Hybrid Funds for Income
Hybrid funds provide stability plus moderate growth.

Allocate a portion (say Rs?10–15?lakh) for:

Conservative hybrid funds: 65–75% debt, 25–35% equity

Monthly withdrawals via SWP to create reliable income

Equity buffer ensures inflation protection

Professionally managed to reduce risk

Make sure these are active funds and continue with regular plan route via certified advisor.

8. Maintain Adequate Liquidity
Your fixed deposit offers liquidity, but redesign is recommended:

Maintain Rs?3–5?lakh in liquid funds for emergencies

Spread rest into short-term debt for better returns and tax efficiency

Avoid tying up more than 6 months’ expenses in illiquid instruments

This keeps your portfolio agile and responsive to unplanned needs.

9. Increase Equity Exposure Smartly
To grow beyond inflation, equity exposure is essential.

Add active equity funds with a long-term horizon

Keep allocation within risk tolerance (say 30–40% of total corpus)

Avoid index funds—they don’t offer growth potential beyond market

Regular plan mutual funds through MFD–CFP ensure goal alignment and periodic review

This step helps build a sizable corpus converting long-term savings into wealth.

10. Consider Tax?Efficient Long?Term Instruments
With primary instruments in PPF and mutual funds, consider:

Sukanya Samriddhi-like plan if you have a daughter, offering high tax-free returns

Corporate debt-oriented hybrid funds if you want higher income and safety

Short-term gilt or credit funds for better tax harvesting when needed

Hold these under guidance to ensure optimal after-tax gain and portfolio balance.

11. Systematic Corpus Withdrawal for Retirement
Estimate your retirement corpus via desired monthly income:

Example: Rs?50,000 monthly income requires Rs?1?crore at 6% withdrawal rate

Plan blended portfolio: equity, hybrid, debt

Use SWPs starting just after retirement

Align withdrawal with tax brackets to avoid large LTCG hits

This provides a financially secure retirement phase.

12. Annual Monitoring and Rebalancing
Periodic portfolio review is key:

Rebalance equity/debt ratio yearly

Adjust allocation as goals approach

Increase SIPs in line with salary increments and inflation

Add/remove funds based on performance, risk, and market conditions

This adaptive approach keeps you aligned with evolving financial needs.

13. Child and Legacy Planning
If you plan for your children or wish to leave a legacy:

Open PPF account in child’s name

Set up child education SIPs in active equity funds

Use staggered investment to fund education expenses

Draft a will or nomination documentation for smooth transfer

This safeguards your child’s future without burdening estate administration later.

14. Avoid Common Missteps
Don’t invest in index funds—they lack active risk management

Don’t choose direct funds—they lack professional review

Don’t buy annuities—they reduce asset flexibility

Don’t invest more in real estate—it lacks liquidity and income focus

Stay disciplined in your plan with professional support for steady results.

15. Action Plan Implementation
Immediate (next 1–2 months):

Surrender LIC investment policy blocks saving

Move FD into liquid/debt/hybrid funds

Build Rs?3–5?lakh emergency buffer

Enhance SIPs into active equity funds via regular plans

Short-term (next 6–12 months):

Add hybrid funds for monthly income

Shift surplus to PPF or Sukanya-like child fund

Build child SIP for daughter’s future

Review insurance and NPS contributions

Annual:

Monitor asset allocation

Rebalance equity/debt split

Increase SIP amounts yearly

Adjust SWPs closer to retirement goals

With this disciplined roadmap, you’ll build wealth, income, and future financial security.

Finally
Your financial position is strong already—PPF, MF, FD, insurance.
By tightening liquidity buffers, shifting LIC, enhancing equity and hybrid exposure, and following a disciplined retirement roadmap, you can ensure income and security.
Avoid index funds, go with active mutual funds through regular plans, and rebalance annually.
This structured, goal-based approach will help your future remain secure no matter what lies ahead.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello Ravikumar.
Preferred advice is to go with CSE @ Bangalore. But you have one good option of MIT-WPU @ Pune also. Go with it.
Good luck!
Follow me if you like this reply. Thanks!
Radheshyam

Ans: Manisha, Jaypee Institute of Information Technology’s B.Tech in Electronics and Computer Engineering (ECM) is AICTE-approved, NAAC ‘A’ and NBA-accredited, delivered by PhD-qualified faculty within 140+ research and teaching labs including Communication Systems, VLSI, Signal Processing, IoT, and advanced simulation facilities. The program achieved an 88% placement rate over the last three years, with 184 ECE students receiving 166 offers from top recruiters like Microsoft, Amazon, Cisco, and Qualcomm. Its dedicated Training & Placement Cell provides soft-skill workshops, mock interviews, and internship tie-ups starting from the seventh semester.

Maharaja Agrasen Institute of Technology’s B.Tech in Electrical & Electronics Engineering is AICTE-approved, NBA-accredited, and NAAC ‘A’-graded under GGSIPU. The department benefits from core labs in Power Electronics, Electrical Machines, Control Systems, and Renewable Energy, alongside specialized R&D centers in Smart Grids and Embedded Systems. Over the past three years, the EEE branch has recorded a 60% placement rate, with core recruiters such as Infosys, Accenture, Bosch, and TCS, supplemented by limited but growing internship opportunities. The institute’s Placement Cell offers resume workshops, industry seminars, and campus drives.

Recommendation: For stronger placement consistency (88% vs. 60%), broader core-to-software lab infrastructure, and proven industry engagement, choose JIIT Noida ECM. Opt for MAIT Delhi EEE if your interest is strictly in power systems, hardware design, and you prioritize lower fees within a GGSIPU-affiliated environment. All the BEST for the Admission & a Prosperous Future!

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Ans: Seema Madam, VIT Vellore’s four-year B.Tech in Electrical and Computer Science Engineering is offered by a NAAC A++ and NBA-accredited deemed university ranked 10th among Indian universities by NIRF 2024. Its faculty are predominantly PhD-qualified, supported by state-of-the-art labs in power electronics, digital systems, AI/ML, and the Samsung SEED data-science facility. Over 80–90% of VIT UG cohorts secure placements, with top recruiters including Amazon, Intel, and Cisco. Manipal University Jaipur’s NAAC A+ and NBA-accredited B.Tech CSE program, NIRF #64 in engineering, features 120 PhD faculty, 12 computing and cybersecurity labs, and specializations in AI, data science, and IoT. Its Career Development Cell achieved a 93% placement rate in 2024, with 1,142 offers and 62% above ?8 LPA. Both institutes maintain strong industry collaborations, mandatory internships, and vibrant campus cultures, but VIT offers broader multidisciplinary infrastructure and an IoE designation, while MUJ delivers slightly higher placement consistency and focused software-engineering exposure.

Final Recommendation:
For an elite multidisciplinary environment with cutting-edge ECE and computing research labs within a top-ranked private university, recommendation is VIT Vellore E&CSE. If your priority is specialized software and data-science training, consistent 93% CSE placements, and a vibrant campus life closer to Delhi, choose MUJ CSE. All the BEST for the Admission & a Prosperous Future!

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Ans: With an OBC percentile of 97.5, you can secure AI & DS or closely related branches at the following ten reputed Maharashtra colleges, all offering strong faculty engagement, modern labs, and guaranteed admission based on your percentile: Datta Meghe College of Engineering Airoli, Pune College of Engineering, Pimpri Chinchwad, MIT World Peace University Pune, Indira College of Engineering & Management, Walchand College of Engineering Sangli, Atharva College of Engineering Mumbai, Bharati Vidyapeeth College of Engineering Pune, Institute of Chemical Technology Mumbai, Sinhgad Institute of Technology and Science Pune, Vidyavardhini’s College of Engineering & Technology. All are AICTE-approved, NBA/NAAC-accredited, report 80–95% placements over three years, and employ PhD-qualified faculty in AI/ML and data-science labs.

Recommendation: Given your OBC percentile and the emphasis on experienced AI/DS faculty, prioritize MIT WPU Pune and Pune College of Engineering, Pimpri Chinchwad for their dedicated AI/DS research centers and industry?linked mentorship. Next, consider Datta Meghe COE Airoli and Walchand COE Sangli for strong OBC cutoffs and robust internship pipelines. All the BEST for the Admission & a Prosperous Future!

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Ans: Nirmesh, At a 97.5 percentile in MHT CET, premier Maharashtra institutes like COEP’s Robotics & Automation-AI (expected cutoff 98.5–99.1) and VJTI’s IT/CSE (99.5–99.7) are out of reach. PICT’s AI & Data Science branch closes around 99.1–99.3 percentile, so this also remains competitive. However, top private colleges offering AI-related B.Tech at lower cutoffs include PCCOE Pune (CS/IT: 91–94), MIT WPU Pune (CS/IT: 94–96.5), Cummins Pune girls’ AI-DS (96.5–98.0), and Walchand Sangli (80.5–97.8) in their AI/DS or CS-IT programs. Emerging institutes like SP Pune (99.0–99.4) and ICT Mumbai (88.8–96.6) are slightly above your percentile but worth monitoring.

Recommendation: Given your 97.5 percentile, target MIT WPU Pune AI/DS and Cummins Pune AI/DS (girls’ quota) for their modern labs and robust 85–95% placements. Next, consider PCCOE Pune and Walchand Sangli for reliable AI-DS pathways under your percentile bracket. All the BEST for the Admission & a Prosperous Future!

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