Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Mahesh Padmanabhan |120 Answers |Ask -Follow

Tax Expert - Answered on Feb 17, 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 N on Feb 16, 2023Hindi

Money

Suppose I opt for new tax regime for current financial year , is it open for me to switch over to old tax regime next financial year ?

Ans: Hi
If you do not have income from business or profession then you could switch between the two regimes in two separate years

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.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |801 Answers |Ask -Follow

Tax Expert - Answered on Mar 02, 2023

Asked by Anonymous - Feb 01, 2023Hindi

Money

I opted for new tax regime for FY 20-21 and moved back to new tax regime for FY 21-22 since i bought a house. Can I opt for new tax regime again now or have to continue with the old tax regime.

Ans: You can switch to new scheme if you don't have income from business

(more)

Mihir Tanna |801 Answers |Ask -Follow

Tax Expert - Answered on Feb 15, 2023

Asked by Anonymous - Feb 01, 2023Hindi

Money

whether we can still adopt old tax regime ?

Ans: Yes, old tax regime can be opt as per Budget proposal of FY 23 24 by filing income tax return before due date. New tax regime will be default regime.

(more)

Mahesh Padmanabhan |120 Answers |Ask -Follow

Tax Expert - Answered on Feb 03, 2023

Question by Rohini - Feb 02, 2023Hindi

Money

Hi Mahesh,Is there any time limit for continuation in new tax regime if we opt in AY 2024-25 or we can change it to old tax regime in AY 2025-26

Ans: Yes you could opt for the old tax regime freely assuming that you do not have any business / professional income

(more)

Mahesh Padmanabhan |120 Answers |Ask -Follow

Tax Expert - Answered on Feb 03, 2023

Question by Rohini - Feb 02, 2023Hindi

Money

Hi Mahesh,Is there any time limit for continuation in new tax regime if we opt in AY 2024-25 or we can change it to old tax regime in AY 2025-26

Ans: Answered this question

(more)

Mihir Tanna |801 Answers |Ask -Follow

Tax Expert - Answered on Feb 05, 2023

Question by Rajeev - Feb 03, 2023Hindi

If in FY 2022-23 I have opted for old regime of income tax, may I opt new tax regime for FY 2023-24

Ans: For a person earning income from source other than business and profession, option of availing old tax regime is available every year and new tax regime rates are default from FY 2023-24 as per proposal of Budget 2023

(more)

Latest Questions

Shekhar Kumar |48 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 13, 2024Hindi

Career

Hello , i am currently pursuing btech biotechnology and it is going to be completed in couple of months. I want to do masters in biotechnology from India only but the problem is currently i have only decided to go for masters meanwhile all the entrance exam related to it were over, now should i wait for next to give exam or take admission in this year only, and the irony is top colleges students are not being placed so this year and biotech field i think has less scope in India so now what should i do ?

Ans: Thank you for getting in touch with me on Rediff Gurus. This decision can indeed be challenging, especially considering the timing of entrance exams and the current state of job placements in the field. You should start evaluating the available options for pursuing a master's degree in biotechnology in India and researching different universities, their admission processes, and the feasibility of securing admission this year versus waiting for the next cycle of entrance exams. You should also consider factors such as program reputation, faculty expertise, curriculum, and placement opportunities.

But if you decide to wait for the next cycle of entrance exams, consider utilizing the gap year productively by exploring opportunities for internships, research projects, skill development courses, or work experience in the biotechnology field. Building relevant experience and skills during this time can enhance your profile and increase your competitiveness for master's programs and future job opportunities. Ultimately, the decision to wait for the next cycle of entrance exams or pursue admission this year depends on your individual circumstances, preferences, and career objectives. Take the time to weigh your options carefully, gather relevant information, and make a decision that aligns with your long-term career goals and aspirations in the biotechnology field.

(more)

Shekhar Kumar |48 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 18, 2024Hindi

Career

Sir I am a 22 years old graduate with a degree in polymer technology from Tamilnadu. I am considering change my career from process engineer to maintenance and service engineer so please guide me on that field is good to join and kick start my career in this arena

Ans: Thank you for getting in touch with me on Rediff Gurus. Transitioning from a process engineer to a maintenance and service engineer can be an exciting career change, offering new challenges and opportunities for growth. But before making the switch, familiarize yourself with the responsibilities and duties of a maintenance and service engineer. This role typically involves ensuring the smooth operation of machinery and equipment, conducting routine maintenance tasks, diagnosing and troubleshooting issues, and performing repairs as needed. With the rise of Industry 4.0, there's a growing demand for engineers skilled in advanced manufacturing technologies such as additive manufacturing (3D printing), robotics, automation, and digital twin technology. Consider gaining expertise in these areas to stay at the forefront of technological advancements in predictive analytics, machine learning, and IoT (Internet of Things) sensors, which are in high demand. Gain knowledge of renewable energy technologies such as solar, wind, and hydroelectric power and explore opportunities in roles related to smart infrastructure, intelligent transportation systems, and smart city initiatives to help build resilient and efficient urban environments. These options align with your background in polymer technology and offer exciting opportunities to contribute to technological advancements and sustainability initiatives in the future. Kindly consider these areas further to identify career paths that align with your interests, skills, and aspirations.

(more)

Shekhar Kumar |48 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 19, 2024

Question by Yashi - Mar 10, 2024Hindi

Career

I am a science (PCM) student but I'm not interested in persuing science as a career option I want to go in Banking or SCC...now I'm confused between B.Com(hons) and BBA so which one should be better for me?and if I should choose BBA then which would be best in Delhi NCR

Ans: Thank you for getting in touch with me on Rediff Gurus. If you're not interested in pursuing science as a career option and you are considering a path in banking or SSC (Staff Selection Commission), both B.Com. (Hons.) and BBA (Bachelor of Business Administration) can be suitable option. Several reputed institutions offer BBA programs, which include Amity University, Noida, Jamia Millia Islamia University [JMI], New Delhi, Jagan Institute of Management Studies Technical Campus [JIMS] Rohini, New Delhi, IMS Ghaziabad (University Courses Campus), Ghaziabad, BML Munjal University [BMU], Gurgaon, Institute of Management Studies [IMS], Noida, SRM University Delhi NCR, Sonepat, IILM Graduate School of Management [IILM GSM], Greater Noida, and Galgotias University [GU], Greater Noida, where you can study in Delhi and NCR.

(more)

Shekhar Kumar |48 Answers |Ask -Follow

Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Mar 29, 2024Hindi

Career

Hello, I am currently working as Study Abroad counsellor. My salary is less than 50,000 Rs. What should I do to increase my salary. I am unable to find answers here. How do I find answers here to my questions

Ans: Thank you for getting in touch with me on Rediff Gurus. If your current organization is unable to offer a salary increase, consider exploring work opportunities with other employers where they are looking for professionals like you. Look for positions with higher salary potential or better growth prospects on job sites like LinkedIn and Naukri, and showcase your value to employers by highlighting your achievements, revenue generated through successful student placements, and positive feedback from students and parents. You can also provide evidence of how your efforts have contributed to the success and inquire about new opportunities for your career advancement by asking them about potential promotions, leadership roles, or opportunities to take on more challenging assignments that come with higher pay and greater responsibilities.

(more)

Anu Krishna |802 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Apr 19, 2024

Asked by Anonymous - Apr 19, 2024Hindi

Relationship

Hi ma'am, something happened between me and my boyfriend as usual fights. His parents misunderstood him and me as well that I've gotten sick due to our fights and that he left me halfway through my house, which he didn't. And due a lot more misunderstandings he's parents have developed bit of a rage against me and they are blackmailing him to not try to Contact or call me or else they'd end their lives and he is scared cause he is an only child. Even if he wishes and tries to reach me he cannot because of his parents. What can be done in this situation. Now i don't understand shall i wait for him to come back or just move on. Since we haven't met or spoken for the last time. I haven't heard anything from him and his parents are saying he doesn't want to talk to anyone.

Ans: Dear Anonymous,
Do not waste your time...his parents and then him; you will constantly be in a stressful spot convincing either one of them that you are the person. If your boyfriend also feels the same as you about the relationship, then he will do something to support you.
If he doesn't and all that is becoming your job, then seriously do not waste any more time on this. And if he really wanted, he would have found a way of reaching out to you.
The very fact that you haven't heard much from him is a huge red flag. Focus on yourself and better people who respect you and your love will come along...
(My suggestions are only under the assumption that you and your boyfriend are above the age of 18 and 21 respectively).

All the best!

(more)

Anu Krishna |802 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Apr 19, 2024

Question by K - Apr 19, 2024Hindi

Relationship

I am working in a good priviate company for the last 32 years . For the last 6 months I am loosing interest in work orin office wanted to stay at home. But I had realised that even at home during holidays/sundays I do not feels good at all, dont like to talk intereact etc. even do not like to visit any wheres . all the tims=es scared about unwanted worries . Plesae tell me the solution.

Ans: Dear K,
Give yourself a break from the monotony. Paulo Coelho said: If you think Adventure is dangerous, then try Routine, it's lethal!
You have been doing little to infuse your life with joy and excitement. How much of the mind would have broadened by working in the same place for 32 years?
Your mind is just asking for a break...go ahead, travel...seek the company of new people and live through a few adventures. You will come back feeling refreshed and also work better. Go challenge yourself...

All the best!

(more)

Anu Krishna |802 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Apr 19, 2024

Question by DEVENDRA - Apr 19, 2024Hindi

Relationship

Hi Anu, I want to buy gift for my wife, which gift should i buy I am confused.

Ans: Dear Devendra,
I am sure that you know your wife better than I will ever know her.
It's about recalling what are the things that get her happy and excited. She may like gifts or she may find gifts within experiences with you like traveling or spending time doing things together. Figure that out and surprise her with it.

All the best!

(more)

Anu Krishna |802 Answers |Ask -Follow

Relationships Expert, Mind Coach - Answered on Apr 19, 2024

Asked by Anonymous - Apr 19, 2024Hindi

Relationship

Hi Anu, I am 47 year old. I have 2 kids one is in adolescent in age and other is 8 y.o. I and my wife are very much comfort and enjoy sex life since inception of our marriage. But, from last 7 years, i am in relation with a beautiful girl, whom i met as a sex worker, when she was 24. Her only source of income is her work (i.e., sex work). She is astonishingly beautiful. I went mad after since the day i met her. thought i could not do sex at first time, i did it in the next time and till now we mated just 7 times. She is epilepsy patient and she is very serious about her family. She has to look after her mother, a younger sister who is studying Law and two of her sister's kids ( her sister died ). She asks me for help whenever she falls short of money. She went to dubai in 2018, and continued her work there. I asked her to leave her job and assured a good income source and a respectful life. She hesitated to concur on my plan. The whole issue is known to my wife. She married an Indian residing in Dubai recently but for her bad luck, he is untraceable from 2 monhts in a war proned country. Now, she asked my help again after 8 months. we both were not in touch in these days. I lent her my helping hand again and expressed if she would have married me, i would have kept her happy. She loves me a lot, but since i am a married man, she does not want to create problem in my married life. I can convince my wife about her, but she (girlfriend) is not ready for it for the fear of my wife. I just can't imagine my life without her. that much i love her. I don't wish to destroy her married life either. If she gets her husband back, i will be happy, but i will be living in her memory forever, as i just cannot expect my life without her. I need your suggestion. whether to come out of her relation or continue if her hubby misses forever.

Ans: Dear Anonymous,
You do realize the mess that you are creating for yourself, your wife and this lady?
Do you really think it is possible to live in harmony with all these complications and then there's an absconding husband at the other end?
Be sane about the whole thing and focus on what's important to you...Your children need a stable family environment and you do not need to be told how crucial this is for them given their age...And just because your wife isn't complaining that does not mean, you just overlook what all this must be doing to her. Put your life back together and leave some things alone to sort themselves out...

All the best!

(more)

Ulhas Joshi |254 Answers |Ask -Follow

Mutual Fund Expert - Answered on Apr 19, 2024

Question by Naveen - Apr 17, 2024Hindi

Money

I am 42 yrs old and started investing in MF from last month only, Icici Prudential Nifty 50-20k, parag parikh Flexi - 12k, Nippon small cap-8k. Is the MF selection good or need some changes from a long term perspective around 10 yrs.

Ans: Hi Naveen, assuming that you are fine with the risks of equity & as your horizon is long, you can invest in these funds.

(more)

Sushil Sukhwani |298 Answers |Ask -Follow

Study Abroad Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 18, 2024Hindi

Career

Can i do pg in usa for free of cost as an Indian mbbs student?

Ans: Hello. First and foremost, thank you for contacting us. It is good to hear that you have been pursuing an MBBS currently. Going further, as an Indian student of MBBS, it is unlikely that you can pursue a postgraduate degree in the USA free of charge. Although there are scholarship opportunities for international students that are fully funded and scholarships that would cover a specific percentage of your tuition fees, finding a scholarship that targets only Indian students is difficult. Even if you get a fully-funded scholarship, you may have additional expenses like tuition fees, living expenses, and other expenses for transportation and health insurance. It is preferred that you have a look at the scholarship programmes and financial aid programmes, which may help you reduce tuition fees but may not help you provide education fully free of charge.

For any further queries, please get in touch with us. We have a team of expert counsellors who can guide you through any concerns or questions you may have.

(more)

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