Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 20, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by R on Feb 20, 2023Hindi

Money

Up to Rs 7 lac tax free . Whether the Rs 7 lacs includes the short term or long term sale of shares .pl clarify . R.Narayanan -M:7506745498

Ans: Hi
While the Rs. 7 Lakh threshold is for all income; incomes that come with fixed rate of tax may need to be evaluated considering the amount of income in the regular tax slab rate.

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.

Money1Reply

You may like to see similar questions and answers below

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 20, 2023

Question by adhir - Feb 01, 2023Hindi

Money

What happens after the tax free slab of Rs7 lacs?

Ans: Hi Adhir
There is no tax free slab of Rs. 7 Lakhs but if the income is below Rs. 7 Lakhs and if you opt for the new tax regime then you are eligible for a rebate that could make the tax liability Nil.

Nevertheless, if your income exceeds Rs. 7 Lakhs then you may still opt for the new tax regime to leverage on the lower tax slabs (you would not be eligible to the rebate as provided under section 87A though).

In this context, you would need to evaluate the option that you want to go ahead with so as to check the see which regime provides you the lowest tax option

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 19, 2023

Question by ANAND - Feb 18, 2023Hindi

Money

UP TO 7 LAC TAX FREE FOR NEXT YEAR . NO CAPITAL GAIN UPTO 10 CRORES --- PLEASE EXPLAN IF I SELL A PROPERTY NEXT YEAR --TAX FREE UPTO WHICH LIMIT

Ans: Hi Anand

Did not understand your question about no capital gain upto Rs. 10 Crores, so would require better input for the same.

Mihir Tanna |1039 Answers |Ask -Follow

Tax Expert - Answered on Mar 01, 2023

Question by PRAVIN - Mar 01, 2023Hindi

Money

Sir in new tax regime 7 lacs + 1 lac LTCG so Total 8 lac is free?

Ans: No, as soon as your total income exceeds 7 lacs, you are not eligible for 87A rebate. Accordingly slab rate will be applicable on 7 lacs of income

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on May 27, 2024

Asked by Anonymous - Feb 21, 2024Hindi

Money

My Income Source is only from share purchase and sale of stock and my income is around 4.80 Lacs in a year. I want to know whether I am taxable? or Am I attracted to short term / Long term Gain tax? Could you please also let me know what is the period for short term gain and Long term gain?

Ans: You are below the exemption limit and hence not liable to tax.

Please take your CAs advice before moving ahead.

Latest Questions

Radheshyam Zanwar |1472 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 22, 2025

Question by Aarohi - Mar 21, 2025Hindi

Career

Hello sir, My brother has scored 96.3 percentile in jee mains 2025 session 1. Will i get civil or mechanical in nit jamsedpur with home state quota and ews? And plzz tell which branches I can get in this percentile in in nit Jamsedpur.

Ans: Hello Aarohi
There are chances to get the admission to core branch under the state quota & mentioned category. With this percentile, there are chances to get a seat most probably in core branches only. But if your brother tries for IIITs, chances are there to get branches related to computers. Thanks
Follow me, if you like the reply.
Thanks

Radheshyam Zanwar |1472 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 22, 2025

Asked by Anonymous - Mar 22, 2025Hindi

Career

I got 96.89 percentile in JEE mains 2025 session 1 .(ews) Can I get any IIIT Hyderabad (cse)?

Ans: Hello Dear.
There is a strong chance of admission to IIITs with the mentioned score and category.
Follow me, if you like the reply.
Thanks

Radheshyam Zanwar |1472 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 22, 2025

Asked by Anonymous - Mar 22, 2025Hindi

Career

Can i get NIT with 91.61% as a girl with ews

Ans: Hello Dear
There are fewer chances to get a seat in NITs but surely in IIITs. Best of luck to you.
Follow me, if you like the reply.
Thanks

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Question by devaiah - Mar 06, 2025Hindi

Career

I have got 71.42 female SC Catagory can i get NIT any group or not please clarify

Ans: You may get seat at
NIT Mizoram
NIT Nagaland
NIT Arunachal Pradesh
NIT Meghalaya
NIT Sikkim
NIT Puducherry
See previous years' cut off

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Question by Jeremy - Mar 07, 2025Hindi

Career

I have lost my 12th NIOS marks card and roll number. I have visited the regional center but they are unable to find the details stating that they don't have the records available from 2002 and 2003. How can I get my roll number so that I can at least download my marks card?

Ans: Look for any old admit card, hall ticket, or result printout from that time.
Check old emails, SMS, or messages where you might have shared the roll number.

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Question by Ramya - Mar 08, 2025Hindi

Career

Hello sir With 79 percentile, can I get nit surthkal ece branch, under home state, girls nd ST category

Ans: With 79 percentile, ST category, and Home State Quota (Karnataka), you have a very good chance of getting ECE in NIT Surathkal under the female quota.

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Question by chanakya - Mar 08, 2025Hindi

Career

Hello sir I got 94%in session 1 iam from general ews category Can i get any nit seat

Ans: op NITs (like NIT Trichy, NIT Warangal, NIT Surathkal, etc.) → Less chance for CSE, ECE, or core branches but possible in lower-demand branches.
Mid-tier NITs (like NIT Jalandhar, NIT Hamirpur, NIT Uttarakhand, NIT Patna, etc.) → Possible in core engineering branches (Mechanical, Civil, Chemical, Metallurgy, etc.).
Newer NITs (NIT Mizoram, NIT Arunachal Pradesh, NIT Nagaland, etc.) → Higher chances of getting CSE, ECE, or other good branches.

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Asked by Anonymous - Mar 09, 2025Hindi

Career

If I don't get 75% in 12 board I get only about 67-70% can I eligible for getting nit s

Ans: If you score between 67-70% in your Class 12 board exams, you will not be eligible for NITs, IIITs, and GFTIs through JEE Main unless you qualify for the exemption criteria.

Dr Dipankar Dutta |1026 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Question by Vibhusnu - Mar 09, 2025Hindi

Career

how many marks do i need in jee 2025 april, to get chem engg in nit trichy, with homestate and obc reservation

Ans: To get Chemical Engineering at NIT Trichy with Home State Quota and OBC-NCL reservation, you should aim for a JEE Main 2025 April score of at least 160-170 marks.

Rajesh Kumar Singh |258 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Mar 21, 2025

Asked by Anonymous - Mar 20, 2025Hindi

Career

I got 75 percentile jeemains 2025 first session st category,I will get top nit,

Ans: Depends on others performance and choice, Slim chance

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x