I'm 48 unmarried n looking gorward to get married. I once suffered with bladder cancer which is cured. Also takes medicines for epilepsy which is under control. I'm in contact with a 45 yrs old girl who is feeling unsecured of getting married as she thinks that its too late to get married n there will be complications in conceiving a baby. Pls help how i can assure her a good life even if we are not able to hv our baby. Is it really a problem in having a baby at this age?

Ans: hi,
for this particular financial year you will be taxed under 2 heads ,1st under salaries for the period you were in job & for remaining part you will be taxed as business income being started freelancing work.

And for freelancers there is no any specific dedutions however all deductions available to all others are available to freelancers like 80C to 80G.

For calculation of taxation of freelancing period you should record all your receipts & expenses (only related to work, no any personal expenses) details with proper documentary evidences specially for expenses part, net of the (receipts & expenses) will be your income however you can opt for presumptive taxation also.

For Advance payment :-
if tax applicable to you during the finanical year as per calculations exceeds Rs 10000, then your have to pay advance tax quarterly as below
on or before 15th june :- minimum 15% or more of tax amount.
on or before 15th september :- minimum 45% or more of tax amount.
on or before 15th December :- minimum 75% or more of tax amount.
on or before 15th March :- full 100% tax payable as per calculations.
Happy to help.
Thanks.

Ans: Knowledge of Math is compulsory for AI. In other words, knowledge of math is an absolute requirement for AI.

Ans: hi,
All 3 investments have different tax applicabilty, details are as below.
1. withdrawl from PPF is Exempt from tax.
2. Investment in mutual funds taxed as Short term capital gain or Long term capital gain applicable at the time of withdrawl & depends upon the duration you invested in the fund.
3. Pension plan :- for government employees commuted part of pension plan at the time of retirement is tax free and monthly pension received by the employee post retirement is taxed as per normal slab rate.

Conculsion :- For shifting of any investment depends upon your wish and evaluations regarding returns & investment restirctions, like PPF is having restriction of Rs 1.50 Lac in a year with fixed interest rate where as in mutual funds it depends upon market situations.

Ans: Hi,
Get the legal hier certificate from court and got name of the child updated for property owner, then only she can sold the property in future as per need.
for this you have to approach the court for appointing you as guardian also till she is minor.
for detailed procedure you should consult lawyer practicing in court under jurisdiction.

Ans: Dear Sir,
Kindly provide figures as to ascertain the exact benefits and exemptions values that may be available/claimed. Moreover, the Tax Liability can be arrived at after considering New Scheme and Old scheme as well.
Please provide full data to answer your query

Ans: Dear Sir,
The Land is not a Depreciable asset. The depreciation shall always be on Godown.

Ans: Hello;

If you want to retire in next 3 years then firstly get the outstanding home loan cleared before you enter into retirement.

You may buy an immediate annuity from a life insurance company for a sum of around 3 Cr.

Assuming annuity rate of 6% it may provide you a post tax monthly income of 1.2 L.

Some amount 15-20 K may be invested as sip in multi asset allocation fund for annuity top up say after 10 years.

Keep 6-8 L as emergency fund and reinvest balance corpus in cumulative FDs of nationalised banks.

It may be utilised to boost your annuity payments after certain time interval to account for inflation.

On insurance front you seem to be well covered which is good.

Make a will and inform your family about the same.

Best wishes

Ans: To build a corpus of Rs. 3 crore by age 60, you need a well-structured investment plan. Below is a detailed breakdown to help you achieve your goal.

Understanding Your Investment Horizon
You are 44 years old now.
You have 16 years to invest.
A longer investment horizon helps in wealth creation through compounding.
Key Factors That Influence Your Goal
1. Expected Return on Investment
Investing in actively managed mutual funds can help grow wealth over time.
Historical data suggests equity funds deliver 12-15% CAGR over the long term.
Choosing the right funds is important for achieving consistent returns.
2. Monthly SIP Requirement
The amount you need to invest depends on the expected return.
Higher returns require a higher equity allocation in the early years.
Gradually shifting to safer funds helps protect your corpus closer to retirement.
How Much Should You Invest?

To accumulate Rs. 3 crore, your monthly SIP should be:
If returns are around 12% CAGR → Invest Rs. 52,000 per month
If returns are around 14% CAGR → Invest Rs. 42,500 per month

Best Investment Approach for You
1. Choose Actively Managed Mutual Funds
Avoid index funds as they only mirror market returns.
Actively managed funds outperform markets over the long term.
A Certified Financial Planner (CFP) helps in selecting the best-performing funds.
2. Diversification for Stability
Invest across large-cap, flexi-cap, and mid-cap funds.
Large-cap funds provide stability, while mid-cap and flexi-cap funds give growth.
This mix balances risk and returns effectively.
3. Adjust Your SIP Over Time
Start with an amount you are comfortable with.
Increase SIP by 10% every year for better wealth accumulation.
A gradual increase helps fight inflation and boost returns.
Common Mistakes to Avoid
1. Ignoring Fund Performance
Do not invest blindly without checking fund history.
Funds with a proven track record should be preferred.
A CFP can help in selecting funds with consistent returns.
2. Investing in Direct Mutual Funds Without Guidance
Direct funds seem attractive due to lower expense ratios.
However, they lack advisory support from a Certified Financial Planner (CFP).
Regular funds ensure expert monitoring and better long-term returns.
3. Redeeming Investments Too Soon
Stay invested for the full 16-year period.
Early withdrawals disrupt compounding and reduce growth.
Invest only the money you won’t need in the short term.
Tax Considerations for Mutual Funds
Equity mutual funds – LTCG (above Rs. 1.25 lakh) taxed at 12.5%.
Short-term capital gains (STCG) – Taxed at 20%.
Debt mutual funds – Gains taxed as per income tax slab.
Plan redemptions strategically to minimize tax liability.
What to Do as You Approach Retirement?
At age 55, start shifting funds from equity to hybrid and debt funds.
This reduces volatility and protects the accumulated corpus.
Keep some part in equity even after retirement for continued growth.
Final Insights
You need to invest Rs. 30,000 to Rs. 45,000 per month to reach Rs. 3 crore.
Stick to actively managed equity funds with a mix of large-cap, flexi-cap, and mid-cap funds.
Increase SIP annually and stay invested for 16 years.
A Certified Financial Planner (CFP) helps in fund selection and risk management.
By following this plan, you can achieve financial security and a stress-free retirement.

Best Regards,

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

Ans: It's great to hear that you are about to complete your undergraduate degree in medicine. You have several options for pursuing further studies in medicine, including the UK (Ireland), Australia, or even the US. If you are looking for affordable options, I recommend considering the UK or Australia. The US is also an option, but be sure to check the following before applying: specialization, eligibility, scholarships, etc.

Additionally, the current Indian government is providing financial support through banks for young people who wish to pursue higher education abroad.