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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 22, 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 Adarsh on Feb 01, 2023Hindi

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Is there any change in surcharge for annual income between 50 lakhs to 2 crores?

Ans: Hi Adarsh
The surcharge for taxable income of Rs. 50 Lakhs to One Crore is 10% and between One Crore and Two Crores is 15%

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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Question by Shravan - Feb 20, 2023Hindi

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Hi, My annual taxable income is 39 L and now in feb i get a bonus of 15 L which takes it above 50 L...would the new surcharge be applicable on delat above 50 L or entire income

Ans: Surcharge applicable on tax calculated on entire taxable Income

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Question by Rajat - Mar 27, 2023Hindi

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is exemption limit of 300000 is applicable in new tax regime if ur income exceeds 7 lakh per annum

Ans: You can not take both benefit together. If income is upto 7 lac, tax rebate of Rs.22500 is available and slab rate will not be applicable.

Slab rate applicable once you are not eligible for rebate

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Asked by Anonymous - Aug 19, 2024Hindi

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Is 10% additional surcharge applicable if your taxable income is 40 Lakh (after deductions) but exceeds 50 lakh if you add LTCG to it?

Ans: Yes, you will need to see it considering all your income sources. Accordingly, if after considering all income less deductions (ie net taxable income) is greater than 50 lacs then surcharge will be applicable @ 10%.

Please consult your CA before moving ahead.

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Question by Rajan - Feb 01, 2025Hindi

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Hello.sir, FM says no tax upto 12 laks but she has also said tax Slabs where there are slabs varying from 0 to 30percent , not clear what to infer. Is this for those whose income is overand above the 12laks per amnum

Ans: No tax upto 12 Lakhs is for those who opt New Regime. For Old regime and Income above 12 Lakhs, the tax slabs and rate are applicable

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Question by Abhiroop - Feb 01, 2025Hindi

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if my income is 30 lakhs, then the slabs for tax calculation under new regime is it like below: Rs. 1 - Rs. 4,00,000 - 0% Rs. 4,00,001 - Rs. 8,00,000 - 5% - 0 (DUE TO TIL 12 LAKH NO TAX REBATE) Rs. 8,00,001 - Rs. 12,00,000 - 10% - 0 (DUE TO TIL 12 LAKH NO TAX REBATE) Rs. 12,00,001 - Rs. 16,00,000 (with standard deduction of 75000) - 15%- 48750 Rs. 16,00,001 - Rs. 20,00,000 - 20%- 80000 Rs. 20,00,001 - Rs. 24,00,000 - 25%- 100000 Rs. 24,00,001 - Rs. 30,00,00 - 30%- 120000 IS MY UNDERSTANDING CORRECT?

Ans: No, if your taxable income is more than 12 lacs, rebate is not available

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Sir I don't have 75 percentage in 12 th boards can you please tell me what is the cutoff marks in cbse class 12 th open category.

Ans: Hello dear.
I am unable to understand your question. It is not clear which exam you are asking about regarding the cutoff marks. However, cutoff marks are not our prediction; they are declared by the relevant exam-taking authority. Please stay in touch with that authority for more updates.
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Sir My son has got 14788 rank in jee mains and 25001 rank in Jee Advanced. What's his probability of geting addmission in to tirt 1 NIT in cs or EEE or EE branch

Ans: Hello dear.
Chances are moderate to very slim to get admission to tier 1 NITs in CS. But keep hopes for newly formed IIITs with branch compromise condition.
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What is the cutoff for vit integrated mtech 2025 for category 1 my rank is 8524 and i belong to telangana can i get in vellore or Chennai in category 1

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It is not possible for us to predict the VIT admission and counseling process. Please stay in touch with the VIT administration and counseling department for recent updates.
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 07, 2025

Asked by Anonymous - Jun 07, 2025

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My son get 9000 rank in comedk 2025. He is interested to study in cse branch. Which college may be in comedk 2025.

Ans: Hello dear.
With the mentioned rank, your son has a chance to secure a place in good colleges for CSE. Please actively participate in the counseling process and carefully fill out the options. It is not possible for us to name a specific college.
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I got 3623 rank in comedk. In which colleges can i get cse

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 07, 2025

Asked by Anonymous - Jun 07, 2025

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Sir, good morning, I hope everything is fine, sir i got 84.22% in board And I took admission in college in Btech CSE & DS. What i do better for joining most reputated companies. Sir i want become IAS after joining Govt. Teacher and then serve 2,3 years and then attempt UPSC CSE. Sir tell me my limitations and what i should better.??

Ans: Hello dear.
Congratulations on taking admission to CSE+DS. If time permits, start preparing for the UPSE exam for government jobs like IAS. With a UG degree in CSE and a B.Ed. degree, you can join as a teacher in any school or college. I would suggest focusing on your first year of CSE and trying to clear all the subjects. Think about other options starting in your second year of UG.
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Question by anavadya - Jun 07, 2025

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Hi sir my son got 5775 rank in JEE advanced and 14581 rank in JEE main.he likes CS only.he may get BTEC CS in 3 tier IITs like IIT dharwad or Palakkad .also get CS in two tier iiit like jabalpur, kancheepuram . There is chance to get CS in two tier NIT also.his native place is Kerala. kindly advise me on josaa choice filling

Ans: Hello Anavadya.
Congratulations to you and your son. Choosing between NIT and IIT for CSE is a challenging task. However, give preference to 2-tier NITs compared to 3-tier IITs. But since you are from Kerala, it would be preferable for you to choose IIT Palakkad. I suggest dropping all other options and resolving your dilemma by choosing CS @ IIT Palakkad. The final decision will be yours.
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jun 07, 2025

Asked by Anonymous - Jun 07, 2025

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I got 25k rank in comedk 2025 , is sitting in councelling worth it can I get cse in a good/decent collage

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There is no harm in participating in the counseling process. With the mentioned rank, you can get admission to tier 2 colleges with core branches or some computer-related branches in lesser-known colleges.
Best of luck.
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Asked by Anonymous - Jun 07, 2025

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My son got 98 marks in comedk and expected min 8k according to every website rank but he got 15k rank. My son is not satisfied and want revaluation of it scorecard. How can he proceed?

Ans: Hello dear.
Please visit the official website of COMDEK. When the answer key is displayed, they provide options for revaluation through a new term, challenging the answer key. Those who wish can challenge the answer key by paying the required fee/charges. Please follow this process. Your son may know this method or you can ask him to contact his friends regarding this matter. This is the only way to reevaluate your scorecard.
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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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