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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Asked by Anonymous - Feb 23, 2024Hindi

Money

I worked in Private company 1991 till 2007 after I stop working in india, since 2007 after me working in Abroad how much should I expect my pension amount after my age 55 as my Basic salary and D.A.that last period is as Basic 8510 and D.A 6051 .Pls can I know how much could I receive pension. At present date my age 53 now. Thanks

Ans: Estimating Your Pension Amount from EPS
Understanding Your Financial Journey
First, it's commendable that you are planning for your retirement. Knowing the specifics of your employment history helps in estimating your pension accurately. You worked in a private company in India from 1991 to 2007 and have been working abroad since then. Your last drawn basic salary was Rs. 8,510 and Dearness Allowance (D.A.) was Rs. 6,051.

Basics of Employee Pension Scheme (EPS)
Eligibility:

Service Period: Minimum of 10 years of service is required to be eligible for the pension.
Age: Pension starts at the age of 58, but you can opt for early pension at 55 with a reduced amount.

Pensionable Salary:

It is the average salary of the last 60 months before exiting the EPS scheme.
For simplicity, let’s assume your last drawn basic + D.A. as the pensionable salary, which is Rs. 14,561 (8510 + 6051).
Pensionable Service:

Your service period is from 1991 to 2007, which is 16 years.
Early Pension Reduction
If you opt for early pension at 55, there is a reduction of 4% per year before 58. So, if you start at 55, it’s a reduction of 12% in total.

Calculating Your Pension
Without Reduction (at age 58):
Monthly Pension =(14561×16 / 70)=Rs. 3,327

With Early Pension Reduction (at age 55):
12% reduction for starting 3 years early:

Reduced Pension=3327×0.88=Rs. 2,928

Factors to Consider
Inflation: The calculated amount may seem small due to inflation over the years.

Additional Savings: Consider building a supplementary retirement corpus through other investment avenues.

Current Employment: Check if your current employment abroad provides any pension benefits or savings plans.

Recommendations for Financial Security
Mutual Funds:

Equity Mutual Funds: Invest in equity mutual funds for long-term growth to supplement your pension.
Debt Funds: These provide stability and reduce overall portfolio risk.
Systematic Investment Plan (SIP):

Discipline: Start a SIP to ensure disciplined investing.
Diversification: Allocate investments across different mutual fund categories for risk mitigation.
Reassess LIC Policy:

Surrender: Consider surrendering any traditional LIC policies and reinvesting in higher-return mutual funds.
Term Insurance: Opt for term insurance for adequate life cover at a lower premium.
Emergency Fund:

Essential: Set aside 6-12 months’ worth of expenses in a liquid fund for emergencies.
Regular Review:

Monitor Investments: Periodically review and adjust your portfolio based on market conditions and personal circumstances.
Seek Professional Advice: Consult a Certified Financial Planner (CFP) to optimise your investment strategy.
Conclusion
With your pensionable service and the pension formula, your estimated pension amount at age 55 is approximately Rs. 2,928 per month. This amount is relatively modest, so it’s crucial to supplement it with additional savings and investments. By investing in mutual funds through SIPs, maintaining an emergency fund, and considering term insurance, you can build a secure financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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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Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 30, 2024

Question by irshad - Nov 20, 2023Hindi

Money

At present I M 56, retired in a pvt firm at age 58..curent Basic 25 K & in hand 48K, till retirement 13 years of JOB, How much pension should i get?

Ans: Your pension amount is determined by various factors including your years of service, average salary, and the pension scheme offered by your employer. Private firms typically have different pension schemes, so it's important to review your employment contract or consult with your HR department for details on your specific pension plan.

Your pension amount may also be influenced by any contributions you've made towards the pension scheme during your employment. Generally, the longer your service and the higher your salary, the higher your pension amount is likely to be.

To get an accurate estimate of your expected pension amount, it's best to consult with your employer or a financial advisor. They can provide personalized guidance based on your individual circumstances and the details of your pension scheme.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Apr 29, 2024

Asked by Anonymous - Dec 27, 2023Hindi

Money

At present I M 56 years, in a private limited company, since July 2012, retired after 2 years in Nov. in hand 48K, how much pension expected after retirement. Can you help please to future plan.

Ans: Certainly, to estimate your pension after retirement, it's essential to consider various factors such as your years of service, salary, and the pension scheme offered by your company. Typically, private limited companies have their own pension schemes or contribute to government schemes like the Employees' Provident Fund (EPF). You should contact your company's HR department or refer to your employment contract for specific details regarding your pension entitlements.

For future planning, assess your current financial situation, including savings, investments, and any outstanding liabilities. Determine your retirement goals, expected expenses, and desired lifestyle. Consider consulting with a financial advisor or Certified Financial Planner who can analyze your financial status and help you create a personalized retirement plan. It's never too late to start planning for retirement, and with proper guidance, you can secure a comfortable and fulfilling retirement.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

Question by Abhi - Feb 22, 2024Hindi

Money

Hello Guruji, Query regarding pension amount I joined a MNC private company in 1993 and resigned in2015 , I got a pension certificate which says I will get a pension of ?6500 pm. Post that I went abroad for 4 years and returned in 2019. I joined an Indian company for 1 year till 2020 with a salary of ?4L pm basic salary + other allowances. Post that I joined an MNC for 3.5 years , which ended last month at a basic salary of ?4.5 L pm. How much pension amount can I expect and from when ? I am 53+ years of age. Will it be both combined or how ? Please help regards Abhi

Ans: Maximizing Pension Benefits: A Comprehensive Guide
Navigating pension benefits can be complex, but with strategic planning, you can optimize your retirement income. Let's delve into your situation and explore the potential pension amount you can expect.

Evaluating Pension Eligibility
Assessing Service Duration

Determine your total service duration with your previous employer from 1993 to 2015, spanning over 22 years.
Confirm the pension eligibility criteria based on your service duration with the company.
Understanding Pension Certificate

Review the pension certificate indicating a monthly pension of Rs. 6,500, provided upon your resignation in 2015.
Understand the terms and conditions outlined in the certificate regarding eligibility and payment structure.
Considering Post-Retirement Employment
International Employment

Take into account your employment abroad for four years, from 2015 to 2019, which may impact your pension entitlements.
Assess whether your international employment affects your eligibility or pension calculation.
Subsequent Indian Employment

Factor in your employment with an Indian company from 2019 to 2020, followed by a tenure with an MNC until last month.
Consider how your post-retirement employment affects your pension entitlements and calculations.
Determining Pension Amount
Combining Pension Entitlements

Combine the pension entitlement from your previous employment with the pension from your subsequent Indian employment.
Evaluate if the combined pension amount aligns with the terms specified in your pension certificate.
Calculating Pension

Calculate the total pension amount considering both periods of employment and their respective pension entitlements.
Verify if the calculated pension aligns with the pension certificate's stipulations and your service duration.
Seeking Clarifications and Guidance
Seeking Clarifications

Reach out to the pension authorities or your previous employer to clarify any doubts regarding your pension entitlements.
Request detailed explanations regarding the calculation methodology and factors influencing your pension amount.
Consulting a Certified Financial Planner (CFP)

Seek guidance from a Certified Financial Planner (CFP) specializing in retirement planning and pension benefits.
Receive expert advice on maximizing your pension entitlements and optimizing your retirement income.
Planning Ahead
Retirement Income Strategy

Develop a comprehensive retirement income strategy considering your pension entitlements, savings, and potential sources of income.
Ensure your retirement plan aligns with your financial goals, lifestyle preferences, and long-term objectives.
Regular Monitoring

Regularly monitor your pension account statements and retirement income sources to track your financial progress.
Stay informed about any updates or changes in pension regulations that may affect your retirement benefits.
Conclusion
By assessing your service duration, understanding your pension entitlements, and considering your post-retirement employment, you can determine the pension amount you can expect. Seeking clarifications, consulting with a CFP, and planning your retirement income strategy will empower you to make informed decisions and secure your financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Jul 16, 2024

Asked by Anonymous - Feb 23, 2024Hindi

Money

I worked in Private company 1991 till 2007 after I stop working in india, since 2007 after me working in Abroad how much should I expect my pension amount after my age 55 as my Basic salary and D.A.that last period is as Basic 8510 and D.A 6051 .Pls can I know how much could I receive pension. At present date my age 53 now. Thanks

Ans: First, let me commend you for planning ahead for your retirement. Given your work history in India and abroad, understanding your pension can be complex. Let's break it down to make it simple and clear.

Eligibility for Pension
You mentioned working in a private company in India from 1991 to 2007. The Employees' Pension Scheme (EPS) of 1995, managed by the Employees' Provident Fund Organisation (EPFO), would cover this period. To be eligible for a pension under EPS, an employee must complete at least 10 years of service and attain the age of 50 for early pension or 58 for regular pension.

Service Period Calculation
You have worked in India for 16 years (1991 to 2007). This makes you eligible for the EPS pension since you meet the minimum requirement of 10 years.

Pension Calculation Method
The EPS pension is calculated based on the pensionable salary and the number of years of service. The pensionable salary is the average of the last 60 months of basic salary and dearness allowance (DA).

Understanding Pensionable Salary
From your information:

Basic Salary: Rs. 8,510
Dearness Allowance (DA): Rs. 6,051
So, your pensionable salary would be the sum of your basic salary and DA.

Early Pension at Age 55
Since you are currently 53 and considering early pension at 55, there is a reduction factor applied. The pension amount is reduced by a percentage for each year before 58.

Additional Considerations
Inflation and Future Value
It is important to consider the impact of inflation on your pension amount. While the pension might seem sufficient now, its value will decrease over time due to inflation. You might want to explore other investment options to supplement your pension income.

Savings and Investments
Since you have worked abroad, you might have accumulated savings and investments there. It's essential to factor in these amounts when planning your retirement. Diversifying your investments can help ensure a stable and sufficient income during retirement.

Health Insurance
Make sure you have adequate health insurance coverage. Healthcare costs can be significant in retirement, and having insurance can protect you from unexpected medical expenses.

Planning for Retirement
Given your current age of 53, you have a few more years to plan and save for your retirement. Here are some steps you can take:

Assess Your Financial Situation
Evaluate your current savings and investments.
Calculate your future income needs, considering inflation.
Diversify Your Investments
Invest in a mix of low-risk and high-risk options.
Consider mutual funds for long-term growth.
Review Your Insurance
Ensure you have adequate health insurance.
Consider a term life insurance policy if you don't have one.
Create a Retirement Budget
Estimate your monthly expenses in retirement.
Include costs for healthcare, travel, and leisure activities.
Final Insights
Your pension from EPS will provide a basic level of income. However, considering inflation and future financial needs, it's crucial to have a diversified investment portfolio. Planning now will help ensure a comfortable and secure retirement.

Thank you for your detailed query. Your foresight in planning for retirement is admirable. By following these steps and regularly reviewing your financial plan, you can achieve a financially secure retirement.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Latest Questions

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Nov 19, 2024Hindi

Career

Hello sir I am mbbs graduated from russia in 2020,n passed with my fmge exam in india in 2021, I want to ask if i want to practice medicine or work as doctor in uk ? Is it necessary for me to pass plab exam exam? Or if i get sponsorship from any uk i will be able to work there and simultaneously i will give plab exam?? Please guide me i m so confused?

Ans: Hi, I understand that you pursued a medicine course in Russia (a non-European country) and, since you are from India, you have completed the FMGE. Now you want to practice or work in the UK as a doctor?

Based on your question, you are eligible to practice in India after completing your internship (which you haven't mentioned, but I assume you have completed it). The FMGE is essentially a licensure exam for Indian students who have completed their medical studies abroad, so you are eligible to practice in India only.

If you want to practice medicine in the UK, you need to complete the PLAB test, as you are from outside the UK/Switzerland/European countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland).

You also inquired about sponsorship. Here is the information related to sponsorship for practicing medicine in the UK.
(Extracted from general medical council, uk org. )Applying for registration using sponsorship
If you apply through sponsorship, you will have to satisfy the sponsor that you possess the knowledge, skills and experience required for practising as a fully registered medical practitioner in the UK. Each sponsor has their own scheme which we have pre-approved. If you can satisfy the requirements of their scheme, they will issue you with a Sponsorship Registration Certificate (SRC) which you will need for your application with us. Please ensure this is a Sponsorship Registration Certificate for GMC registration, as we can’t accept UK visa sponsorship certificates for your application for registration.
Please note that a core part of all sponsors' criteria is that a doctor applying for an offer of sponsorship must have been engaged in medical practice for three out of the last five years including the most recent 12 months. If you cannot meet these minimum criteria, it is unlikely that you'll be able to supply sufficient evidence to support your application for sponsorship.
Doctors applying through sponsorship are required to demonstrate their English language skills by achieving our current minimum scores in the academic version of the IELTS test or the OET (medicine version).
• Alder Hey International Fellowship Scheme (Anaesthetics)
• Betsi Cadwaladr University Health Board - BCUHB IMG Sponsorship Scheme
• BAPIO Training Academy Ltd – BTA International Fellowship Scheme
• BAPIO Training Academy Ltd – International Training Programme for Postgraduate Doctors
• BAPIO Training Academy Ltd - BTA International Fellowship Scheme – Internal Medicine with interest in Oncology with MSc in Oncology
• Barking Havering and Redbridge University Hospitals NHS Trust - BHRUT Sponsorship Scheme for Overseas Doctors in Clinical Radiology
• Birmingham and Solihull Mental Health NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry (Birmingham)
• Birmingham Women’s and Children’s Hospital – Birmingham Women’s and Children’s International Medical Graduate sponsorship scheme
• Bradford District Care NHS Foundation Trust - International Medical Fellowship in Psychiatry
• Cambridge IVF, Cambridge University Hospitals NHS Trust – IVF Senior Clinical Fellowship Scheme
• Cambridge University Hospital – Senior Clinical Fellowship Scheme in Intensive Care Medicine/Anaesthesia
• Canterbury Christ Church University
• Cumbria Northumberland Tyne and Wear NHS Psychiatry Fellowship Programme
• Derbyshire Healthcare NHS Foundation Trust - International Medical Fellowship Programme in Psychiatry
• Dudley Group NHS Foundation Trust
• East Lancashire Hospitals NHS Trust - Clinical Fellowship in Urology or Ophthalmology
• East Lancashire Hospital NHS Trust - Specialist Clinical Fellowship in Pain Management
• East London NHS Foundation Trust (ELFT) – ELFT Advanced International Fellowship in Psychiatry
• East Suffolk and North Essex NHS Foundation Trust – ICENI Centre Fellowships Programme
• Edge Hill University and Wrightington, Wigan and Leigh NHS Trust – International Training Fellowships in MCh programmes
• ENT UK – Royal College of Surgeons
• Essex Partnership University NHS Foundation Trust – EPUT Advanced Fellowship in Psychiatry
• Frimley Health NHS Foundation Trust – International Fellowship in Regional Anaesthesia combined with MSc in Principles of Regional Anaesthesia at the University of East Anglia
• Great Ormond Street Hospital International Fellowship Programme
• Guy's and St Thomas' Hospitals NHS Foundation Trust – Critical Care
• Guy’s and St Thomas’ NHS Foundation Trust – International Clinical Fellowship Programme (ICFP)
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• Guy’s and St Thomas’ NHS Hospitals Foundation Trust – Oncology Specialty Training
• Guy's and St Thomas' NHS Hospitals Foundation Trust – Specialty Training in Anaesthetics
• Harefield Hospital, Royal Brompton and Harefield NHS Trust – Anaesthesia and Critical Care
• Hertfordshire Partnership University NHS Foundation Trust
• Hull University Teaching Hospitals NHS Trust – International Fellows at Hull University Teaching Hospitals NHS Trust
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• Northamptonshire Healthcare NHS Foundation Trust – International Clinical Fellowship Scheme (Psychiatry)
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KINDLY NOTE: If your sponsor is not on this list then you cannot apply using sponsorship.
If you have any further questions, please visit the GMC website for more information.

WISH YOU ALL THE VERY BEST.

Dr Nagarajan Jsk |183 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Aug 02, 2024Hindi

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I’m mbbs final year student from Kathmandu university want pg medicine from UAE

Ans: You have provided very limited information. I understand that you are a student from Kathmandu University and wish to pursue higher education in medicine in the UAE. To provide a more accurate response, I need the following details:

What is your nationality? (Based on your nationality, I can check the relevant requirements from the health department regarding courses and internships).

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NEET, Medical, Pharmacy Careers - Answered on Dec 21, 2024

Asked by Anonymous - Dec 20, 2024Hindi

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Sir my son has 92 percentile in cat 2024..what are his scopes of admission.

Ans: Hi Sir,
You have provided very limited information to obtain the details. However, the percentile of the candidate will not solely determine the admission process. Other factors are also involved, including:

- Course
- Institution
- Caste
- Creamy layer
- Gender

But, there may be possibilities for admission to the following IIMs: IIM Visakhapatnam, Udaipur, Bodhgaya, Shillong, and Rohtak.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Hi Sir, I follow your articles regularly and your detailed assessment is really awesome.I am 47yrs Male with wife, 20&18 years kids, elder one is in B.Tech and younger one is 12th. My wife is a home maker. Coming to financials. I have 4 houses including the one residing worth 10cr(total) and getting rental income of 70k per month, invested in stocks and MFs worth 60L, have foreign stocks of worth 1.7cr, accumulated pf around 1.3cr. I have farm lands worth 5cr. Have 1.2cr loan and salary of ~4L (net). current sips in equity 70k/month, have 5Cr term plan, health insurance for family 50L. How do I plan my retirement at 52-53years assuming 80 years life expectancy. Don't want to depend on kids and need regular income ~3-4L per month.

Ans: Asset Evaluation
Real Estate:
You own four houses worth Rs 10 crore, generating Rs 70,000 monthly rental income. This is a solid base for passive income. However, real estate can have fluctuating maintenance costs, tenant issues, and varying rental yields over time.

Stocks and Mutual Funds:
Your Rs 60 lakh investment in stocks and mutual funds is a commendable step. Active mutual funds offer professional fund management and can outperform index funds over time.

Foreign Stocks:
Your Rs 1.7 crore portfolio in foreign stocks adds geographical diversification. Monitor currency exchange fluctuations and global market trends.

Provident Fund (PF):
With Rs 1.3 crore in PF, this is a reliable retirement corpus. The fund provides fixed returns and tax benefits, adding stability.

Farm Lands:
Farm lands worth Rs 5 crore are an illiquid but valuable asset. They might not generate consistent income unless leased or developed.

Loans:
A loan liability of Rs 1.2 crore needs prioritised repayment. Focus on loans with higher interest rates first.

Insurance Coverage:
A Rs 5 crore term plan is robust. Your Rs 50 lakh health insurance is sufficient for unexpected medical emergencies.

Retirement Goals
You need Rs 3–4 lakh monthly for 27–28 years post-retirement.
The portfolio must generate steady, inflation-adjusted returns.
Action Plan for Retirement
Debt Management
Prepay High-Interest Loans:
Use a portion of your surplus income to prepay loans. This reduces interest outflow and increases your cash flow.

Avoid New Loans:
Focus on reducing existing liabilities instead of taking on new ones.

Portfolio Restructuring
Real Estate:
Retain essential properties. Sell underperforming or non-essential properties to reduce concentration in real estate. Invest proceeds in mutual funds or debt instruments for diversification.

Mutual Funds (MFs):
Increase SIPs in actively managed funds. They outperform direct funds due to guidance from Certified Financial Planners and MFDs. Regular funds offer better tracking and professional assistance.

Stocks:
Monitor direct equity investments closely. Consider reallocating underperforming stocks to mutual funds for better management.

Debt Instruments:
Invest in high-quality debt funds or fixed-income securities for stability. These instruments balance equity volatility and ensure steady returns.

SIP Strategy
Increase SIPs from Rs 70,000 to Rs 1 lakh/month.
Allocate 70% to equity funds for long-term growth.
Invest 30% in debt funds for stability and liquidity.
Emergency Fund
Maintain a 12-month expense reserve in liquid funds or fixed deposits.
This covers unexpected expenses without disturbing investments.
Income During Retirement
Systematic Withdrawal Plan (SWP)
Use SWPs in mutual funds to generate regular income.
Withdraw 6–8% annually from your mutual fund portfolio for a steady income stream.
Rental Income Optimisation
Review property rents regularly.
Invest part of rental income in equity or debt mutual funds for compounding.
Dividend Stocks
Retain high-dividend-yield stocks for regular income.
Reinvest surplus dividends for long-term growth.
Tax Efficiency
Equity Funds Taxation:
Long-term gains above Rs 1.25 lakh are taxed at 12.5%. Short-term gains are taxed at 20%.

Debt Funds Taxation:
Both short- and long-term gains are taxed per your income slab.

Real Estate Capital Gains:
Use exemptions under Sections 54 or 54F to save tax on property sales.

Inflation Protection
Allocate 60–70% of your portfolio to equity investments.

Equity provides inflation-adjusted returns over time.

Debt funds and fixed instruments safeguard against equity market volatility.

Estate Planning
Draft a will to allocate assets transparently among family members.
Use nomination and joint ownership to avoid legal complications.
Consider a family trust for farm lands to avoid disputes.
Periodic Review
Review your financial plan every six months.
Adjust investments based on market conditions, goals, and needs.
Consult a Certified Financial Planner regularly for updates.
Finally
A well-diversified portfolio ensures financial independence post-retirement. Focus on debt repayment, portfolio balance, and tax-efficient withdrawals. Your assets can comfortably generate Rs 3–4 lakh monthly income, adjusted for inflation.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Kanchan Rai |444 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

Question by Kevin - Dec 19, 2024Hindi

Relationship

I am the eldest sibling in our families and aged 51. Normally, whenever anyone in the family has a problem - financial, mental, psychological, issue with people or anything else, they come up to discuss with me and share. Well, many would say I am lucky as people look up to me when they are in any kind of a problem. But that is not the case. Sadly no one is around with whom I can discuss or even think to share my issues, my problems. I do not have any friends. Sadly, yes, that is a fact and at my age, I dont expect that here we have a culture where we can get to making friends, at least the kind of friends with whom you can confide, share your feelings, problems. I tried and failed. Maybe because I am introvert or maybe I am too cautious. To make it more complicated, I dont work in the regular kind of job. I am a lone person who works as a freelance from home. This limits my outreach when it comes to interacting with real people. I have clients, business contacts, but I cannot get personal with them. It will never be a good choice. My wife is busy with her job + we do not have any relation beyond the daily matters related to household and it has been more than 10 years now that we live this way. Tried to sort out things with her but she just does not have time and interest (after all who wants to add on to tensions, stress). My daughter is after all my daughter - I cannot share these with her, and definitely at 10 she is too young to be one to discuss such stuff. I am not sure how far this issue can be fixed but I am hopeful to find some path here.

Ans: Dear Kevin,
Starting small can be helpful. Consider connecting with people through shared interests or hobbies, either online or in person, where the pressure to immediately open up is minimal. Online communities, local meetups, or volunteer activities can create low-stakes opportunities to connect with like-minded individuals. The goal isn’t to instantly find someone to confide in but to slowly build a sense of belonging and companionship.

Your relationship with your wife appears to be another significant source of emotional distance. While her lack of interest in deep conversations may seem like a barrier, it’s worth exploring other ways to reconnect—perhaps by spending time together in shared activities or revisiting moments that once brought you closer. Sometimes, relationships stuck in routines benefit from new experiences or even professional counseling to navigate the underlying dynamics.

Regarding your daughter, while it’s clear she cannot shoulder your emotional burdens, she can still be a source of joy and connection. Investing time in activities with her can provide a sense of fulfillment and grounding that counters loneliness.

Above all, remember that reaching out for professional support, such as therapy, is not a sign of weakness but an act of self-care. A therapist can provide a safe space to express your feelings and help you develop strategies to foster deeper connections and manage emotional isolation.

You deserve to feel supported and connected, and even if the journey to finding that seems long, every step you take toward opening up or seeking out others is a move toward a more fulfilling and less lonely existence.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Nov 22, 2024Hindi

Money

My Question is for New Tax Regime for Financial Year 2024 – 25. Total gross Income is Rs.9 lakhs and along with that income from share / stock trading i.e short term gains of Rs. 1 lakh. Could you please help me advise if what would be the tax liability?

Ans: 01. Considering your Income of Rs.9.00 lakhs as business income & Rs.1.00 lakh as STCG on securities, without any tax savings, your tax liability would be around Rs.62,400.00 in New tax regime. If we opt for the old tax regime, your tax liability would be much more than this.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Question by SA - Nov 11, 2024Hindi

Money

I got a residential property through will from my mother,,property is 30 years old and i am planning to sell it, in that case i am going to get Rs 165lacks,, what will be the tax implication and how to avoid the same kindly advise i am 55 years old married man with a daughter

Ans: 01. In this case, you would be subjected to LTCG (Long Term Capital Gain) tax.
02. To work out LTCG, you should reduce its Cost from the Sale proceeds (Rs.165.00 lakhs).
of property, which was costed to your mother.
03. However, following details may help you to assess your tax liability.
Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
04. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
05. To avoid tax, you may invest in purchase of some house property. Exemption available would be minimum of Cost of new house property or the LTCG, which ever is less.
06. You have the option to purchase Capital Gain Bonds of NHAI etc., for tax saving.
07. Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 19, 2024Hindi

Money

Hello Sir, I worked in a Pvt Ltd company from 2006 to 2011, and they had their own PF trust. The company was later sold off to another firm. I still haven't withdrawn the my PF amount. How will i be able to do that. I have the PF number and ESP number. Since this was before 2011 , my UAN is not linked to this account. How will i be able to retrieve my PF amount that is still stuck here.

Ans: Kindly keep in touch with your previous employer (present owner of the company), in this connection. There should not be any problem in getting your PF amount, except certain formalities/ forms to be submitted.
Most welcome for any further clarifications. Thanks.

T S Khurana |260 Answers |Ask -Follow

Tax Expert - Answered on Dec 21, 2024

Asked by Anonymous - Dec 21, 2024Hindi

Money

Dear Guru. I have inherited a property in Mumbai from my deceased father which was purchased in 1983 by him. If today i sell the property which is worth 2.60 Crs whats my capital gains tax and how will it be calculated

Ans: 01. In absence of exact figures, it is not possible to calculate your Capital Gains Tax. However, following details may help you to assess your tax liability.
02. Under present provisions of Income Tax Act, you may opt any of the options (Long Term
Capital Gains), as under :
(a). Tax Rate 12.50% without indexation or
(b). Tax Rate of 20% with Indexation.
03. You may calculate your tax liability under both options & may opt for the tax regime, where tax liability is minimum.
04. Most welcome for any further clarifications. Thanks.

Ramalingam Kalirajan |7290 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Dec 21, 2024

Question by Anil - Dec 20, 2024Hindi

Money

Top4 sips with 15k amount suggest me

Ans: Here’s an updated strategy for your Rs. 15,000 SIP allocation, replacing the sectoral/thematic fund with a small-cap fund for better long-term growth potential.

Suggested SIP Allocation (Rs. 15,000)
Large-Cap Fund

Allocation: Rs. 4,000/month
Objective: Stability and steady growth by investing in India’s top 100 companies.
Why Choose: Provides consistent returns and low volatility in your portfolio.
Flexi-Cap Fund

Allocation: Rs. 4,000/month
Objective: Diversified exposure across large, mid, and small-cap stocks.
Why Choose: Offers balanced risk and returns with flexibility during market cycles.
Mid-Cap Fund

Allocation: Rs. 3,500/month
Objective: Tap into the growth potential of medium-sized companies.
Why Choose: Higher returns with manageable risk compared to small caps.
Small-Cap Fund

Allocation: Rs. 3,500/month
Objective: Focus on fast-growing small-cap companies.
Why Choose: High-growth potential over the long term, though with higher volatility.
Why Include Small-Cap Funds?
Long-Term Growth: Small-cap companies have immense potential to grow significantly over time.
Diversification: Adds exposure to an underrepresented segment, complementing large and mid-caps.
High Returns: Potential for higher returns compared to other categories, albeit with higher risk.
Key Considerations
Investment Horizon: Stay invested for at least 7-10 years to mitigate short-term volatility.
Active Fund Management: Avoid direct or index funds to leverage professional expertise.
Regular Monitoring: Review fund performance periodically with a Certified Financial Planner.
Tax Implications
Equity Funds:
LTCG above Rs. 1.25 lakh/year taxed at 12.5%.
STCG (held less than 1 year) taxed at 20%.
Final Insights
This updated allocation ensures a mix of stability, moderate risk, and high growth. With consistent SIPs and periodic reviews, you can achieve robust wealth creation over the long term. A Certified Financial Planner can assist in optimising your investment strategy.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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.

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