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Mahesh

Mahesh Padmanabhan  |124 Answers  |Ask -

Tax Expert - Answered on May 03, 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
Rajesh Question by Rajesh on Apr 01, 2023Hindi
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Sir, What are the exemptions/ deductions allowed to salaried class under new tax regime for FY 2023-24.

Ans: Hi Rajesh
Standard Deduction of Rs. 50,000 under the head salary, section 80CCD(2) for Employer’s Contribution to Employee NPS Accounts. Also, if you have a home loan on a house that has been rented, then the interest on the home loan is available as deduction
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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Sanjeev

Sanjeev Govila  |458 Answers  |Ask -

Financial Planner - Answered on Feb 08, 2023

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Sir can u list the income exemptions which are eligible under revised New tax regime
Ans: The answer to your query is as below. I have simply copied it from another website, for your information.

With the revised new tax regime, several exemptions and deductions have been removed as below:-

1. Leave Travel Allowance
2. House rent allowance depending upon salary structure and rent paid
3. Professional tax paid by a maximum of Rs. 2,500/-
4. Deductions available under Section 80TTA and 80TTB that is interest from Savings Account/Deposits
5. Tax deduction on entertainment allowance and deduction on professional tax for government employees
6. The interest amount payable on home loan for a self-occupied or any vacant property u/s 24 maximum deductions of Rs 2 lakhs
7. Deduction of Rs 15,000 allowed from family pension under clause (ii) (a) Section 57
8. Special Allowances that are provided under Section 10(14) except:
9. Transport allowance granted to a disabled employee
10. Conveyance allowance
11. Any allowances granted for meeting the cost of travel on tour or transfer of an employee
12. Daily allowance
13. Perquisites
14. Business owners and professionals will lose the exemption to Special Economic Zones under Section 10AA.
15. Deductions under Section 32AD, 33AB, 33ABA, 35(1)(ii),35(1)(ii( (a), 35(1)(iii), 35(2AA), 35AD and 35CCC of the Income Tax Act.
16. Options of additional depreciation under Section 32(ii) (a) of the Income Tax Act
17. The option to carry forward or unabsorbed depreciation of earlier years
18. Tax-saving investment deductions under Income Tax Act , Chapter VI-A 80C, 80D, 80E, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC, 80IA, 80-IAB, 80-IAC, 80-IB, 80-IBA, etc. These tax-saving investment options include ELSS, NPS, PPF tax relief on mediclaim insurance premium, FDR, dependents who are differently-abled, expenses for specified medical treatments, interest on education loan and many more.



Exemptions that remain prevalent in the new revised system, that you can claim:

1. Standard deduction for salaried and pension class of Rs 50,000.
2. Interest received on Post Office Savings Account under Section 10(15)(i) the maximum amount of Rs. 3,500.
3. Gratuity received from employer up to a maximum amount of Rs. 20 Lacs.
4. Amount received from Life Insurance Policy on maturity under Section 10(10D).
5. Employer contribution in NPS or EPF up to 12% of salary and interest on EPF up to 9.5% p.a.
6. Income from Life Insurance.
7. Income from agricultural farming.
8. Standard reduction on rent.
9. Retrenchment compensation.
10. Leave encashment on retirement.
11. VRS proceeds up to Rs 5 lacs.
12. Retirement cum death benefit.
13. Money received as a scholarship for education.
14. Interest and maturity amount of PPF or Sukanya Smriddhi Yojna.
15. Commutation of Pension.
16. The new tax regime offers you to claim deductions u/s 80CCD(2) (employers contribution in notified pension scheme) and 80JJAA (for new employment).

..Read more

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Dr Nagarajan Jsk

Dr Nagarajan Jsk   |314 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Apr 03, 2025Hindi
Career
Hello sir, Saranya from chennai. Doing final year B pharm. Heard about gpat from my friends How to do this entrance exam for joining pg course Please tell me if any other entrance exam is there for pg
Ans: Hi Saranya,

As you mentioned, many pharmacy graduates are considering the GPAT after completing their undergraduate studies in pharmacy. However, there are several more options available for pursuing a postgraduate degree in pharmacy today.

Here are the options for pursuing a PG in pharmacy:

1. GPAT: You can appear for the GPAT exam, and if you qualify, you will be eligible for a scholarship.

2. NIPER: You can also take the entrance exam for NIPER (National Institute of Pharmaceutical Education and Research) campuses, which include Ahmedabad, Guwahati, Hajipur, Hyderabad, Kolkata, Raebareli, and Mohali. Qualifying here also makes you eligible for a scholarship.

3. PG-CUET: A new option is the PG-CUET (Common University Entrance Test), which is being conducted by the NTA (National Testing Agency) under the Department of Higher Education.

4. Government Institutions: State governments will announce admission through advertisements. Admission will be based on marks or an entrance exam.

5. Deemed Universities: Some deemed universities offer admission through their own entrance exams.

Historically, GPAT and NIPER were the primary options for national-level aspirants. Starting from the academic year 2025-26, the NTA will also conduct the PG-CUET for national-level admissions.

I have included more details about the PG-CUET below.
PGCUET (CODE - SCQP23)
The Common University Entrance Test (CUET) is a National level Test conducted for admission into PG programmes in Central, State, and Participating Universities/ Institutions. The Common University Entrance Test CUET (PG) will provide a common platform and equal opportunity to candidates across the country, especially those from rural and other remote areas, and help establish better connections with the Universities. A single application form will enable the Candidates to cover a wide outreach and be part of the admission process to various Central and participating Universities. NTA has been assigned the responsibility of conducting the Common University Entrance Test (CUET).

Under Participating universities/instituttions are: Central and State Universities, Deemed and Private universities and Government institutuions.

Candidate must only select the test paper code. As the list of universities is dynamic and keeps on changing during the registration period.

A candidate can apply for two (02) Test Papers by paying the application fee (details mentioned at point 18).

A candidate can further apply for (02) additional Test Papers by paying additional application fees as applicable and maximum of four (04) test paper codes can be selected.

Mode of exam is CBT (Computer Based Test).
All Question Papers will be MCQ type. • Candidates can choose a maximum of four question paper codes. • The comprehension section in the General Paper will be available in either English or Hindi, based on the candidate's preference indicated during registration. • The duration of the Exam would be 90 Minutes. • The Question paper will have 75 Questions. • Four marks will be awarded for each correct answer and one mark will be deducted for each wrong answer.
• Language papers will be in the concerned language only.
• M.Tech/Higher Sciences will be in English only.
•Acharya papers will be in Sanskrit except for Hindu Studies, Indian Knowledge System, and Baudha Darshan.
• Humanities, Sciences, and Common papers would be bilingual (English and Hindi).
• The examination would be conducted in 2-3 shifts.
• The English version of the questions in all the question papers except languages and Acharya will be taken as final.

Syllabus: The Examination Syllabus will be uploaded on the Exam.

For the current year the examination dates (13.03.2025 to 31.03.2025) got over. iI THINK YOU HAVE MISSED IT. DONT WORRY. NEXT YEAR YOU CAN TRY OR YOU CAN ASSIST YOUR JUNIORS.

ADMISSION: Admissions will be handled at the level of each of the participating Universities for their respective programmes. After the declaration of the CUET(PG) 2025 results, the respective Universities will declare the counselling/admission schedule and merit list based on the CUET (PG) - 2025 score and any other criteria of participating universities. Please see the website of the concerned university for details regarding admission. There may be admission counselling by the universities with additional fees.

Applicants as per eligibility can apply for multiple test paper codes in one registration form. Candidates should not apply through duplicate or multiple forms, which may lead to the cancellation of all his/her Application Forms

CODE FOR PHARMACY: SCQP-23
SYLLABUS [POC, PIC, MATHS, OC - II, MICRO, APH (I&II), PHARM ENGINEERING, DCH PHARMACY, PHARM ANALYSIS (I -IV ), COGNOSY, CEUTICS-II, BIOCHEM, JURIS, COSMETICS, PHARM TECH, MED CHEM I-III, PHARMACOLOGY I-IV, BIOTECH, DRUG DESIGN, MARKETING, FOOD SCIENCE, QA, MANAGEMENT] HAS SHARED IN NTA WEBSITE.

THIS YEAR 57 INSTITUTIONS PARTICIPATED FOR THE SAID PURPOSE. NEXT YEAR THIS MAY INCREASE.

THE ADVANTAGES ARE NOT ONLY CAN PURSUE PHARMACY, APART FROM PHARMACY, YOU CAN PURSUE - DATA SCIENCE & AI, PUBLIC HEALTH, BIOINFORMATICS, PACKAGING TECH, ENVIRONMENTAL MANAGEMENT, GEOSPATIAL SCIENCE, PG DIP IN AI DIGITAL IMAGING, HEALTH CARE DATA, GEOINFORMATICS, PB-PHARMD, M.PHARM-PV, MSc- MICRO, MSc-NUTRITION, DIETICS.

I believe this information will be beneficial for your future education.

POOCHO. LIFE CHANGE KARO!

...Read more

Dr Nagarajan Jsk

Dr Nagarajan Jsk   |314 Answers  |Ask -

NEET, Medical, Pharmacy Careers - Answered on Apr 06, 2025

Asked by Anonymous - Mar 09, 2025Hindi
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Career
I am a 12th student now in state board of tamil Nadu and I am a government school student what is the minimum requirement for me to join mbbs in AFMC medical College
Ans: The following requirements are mandatory for admission to AFMC.

Age: 17-24yrs
Academic qualitfication: FIRST ATTEMPT with English, Physics, Chemistry and Biology/ Bio-technology taken simultaneously and securing not less than 60% of the aggregate marks in these three science subjects taken together and not less than 50% marks in English and 50% marks in each of the science subjects. They must have also passed an examination in Mathematics of the tenth standard.
Candidates seeking admission for MBBS course at AFMC Pune will have to mandatorily qualify the NEET UG 2024 Examination conducted by National Testing Agency (NTA). 11. Eligible candidates who are interested to join AFMC, Pune to pursue the MBBS course will have to mandatorily register and apply for AFMC, Pune on DGHS

The shortlisted candidates will be called for screening which comprises of Test of English Language and Reasoning (ToELR), Psychological Assessment Test (PAT), Interview and Medical Examination at AFMC, Pune.

ToELR & PAT - Test of English Language and Reasoning (ToELR) in the form of Computer Based Test (CBT) and also Psychological Assessment Test (PAT) to be conducted at AFMC, Pune only for candidates shortlisted for interview. (t) Written Examination Score - Score obtained in NEET (UG) 2024 (720 marks) added to ToELR Score (80 marks) divided by 4 to get a score out of 200. (u) Final Score - Written examination score (200 marks) + Interview marks (50 marks).

MEDICAL FITNESS: MANDATORY AS PER AFMC

ALL THE BEST

POOCHO. LIFE CHANGE KARO!

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