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Mahesh Padmanabhan | Answer |Ask -Follow

Tax Expert - Answered on May 26, 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 Naresh on Apr 26, 2023Hindi

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Wether new leave encashment benefit will be available who has retired on 31 St March 2023 and rec'd payment after 2 St April

Ans: Hi Naresh
This may depend on the year in which the Full & Final settlement calculation is done by your employer. If it is done in the FY 2023-24 and the Form 16 is issued in this year then you could claim the enhanced deduction limit

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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Asked by Anonymous - Feb 04, 2023Hindi

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I have retired from central PSU in October 2022. Whether my Earned Leave Encashment amount I received during my retirement is taxable during current year, since exemption amount increased from Rs. 3.00 Lakhs to Rs. 25.00 Lakhs.

Ans: Hello Investor

As a financial advisor, I would advise you to consult a chartered accountant for specific tax planning advice. They have expertise and in-depth knowledge of tax laws and regulations and can provide you with personalized strategies to minimize your tax liability. I can assist you in creating a comprehensive financial plan, but for tax planning, it is best to consult a tax professional.

Mihir Tanna |1069 Answers |Ask -Follow

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Asked by Anonymous - Oct 02, 2023Hindi

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Dear sir, i was an ex-PSU employee & retired on 31.01.23. I received my post-retirement leave encashment pay in the month of APRIL. Now, am I eligible for tax exemption of Rs 25 lacs ( earlier 3 lacs) on leave encahment which has been declared in the budget FY 23-24? so, can i claim this exemption for filing itr AY 24-25?

Ans: In pursuance to the proposal in the Budget Speech, 2023, by the hon’ble FM,
the Central Government has notified the increased limit for tax exemption on leave
encashment on retirement or otherwise of non-government salaried employees to Rs.
25 lakh w.e.f. 01.04.2023.

There is no change for gov empleoyee. While in the case of Central/State Government employees, the entire leave encashment is exempt from tax

Mihir Tanna |1069 Answers |Ask -Follow

Tax Expert - Answered on Nov 21, 2023

Asked by Anonymous - Nov 16, 2023Hindi

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I retired from PSU general Insurance on 31st January 2023 .Is exhemption of 25 lakhs for leave encashment is applicable for me. J.P.Sharma,Guwahati

Ans: Income tax vide notification dated May 24, 2023 notified that Leave Encashment will be exempt upto Rs.25 Lacs for non-government employees with effect from Apr 1, 2023. Further, the exemption limit is likely to be applied to the employees retiring after coming into force of the said Notification.

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Insurance, Stocks, MF, PF Expert - Answered on Dec 04, 2024

Question by Yash - Dec 03, 2024Hindi

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Sir, I have worked with the Mysore paper Mills bhadravati from 1985 to 2016 and on deputation I went to Karnataka state beverages corporation limited and retired on 2024. My parent organisation declared closure on labour court judgement on 2021. But we on deputation continued our services till superannuation. Now for terminal benefits, I have been given Pf amount till 2021 and for pension- 95 also. For the period 2021 to 2024 I couldn't understand whom to ask. Please advice me.

Ans: Hello;

Your case is unique.

I am sure you may have other colleagues who are facing similar concern.

Therefore I recommend that you seek advice from a lawyer specializing in labour/EPF laws and take steps to recover your funds through legal means.

Best wishes;

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 26, 2025

Question by Priyanka's - Jul 26, 2025Hindi

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Hello sir, I am non Maharashtrian and have a jee mains 95.6%ile and MHT CET %ile is 98.17. Is there any good option for me to get admission in Maharashtra colleges? Currently I got admission in CSE in JIIT NOIDA. Need your suggestion. Thanks in advance

Ans: Hello dear.
Try for CSE in top Maharashtra colleges like VIT Pune, PICT, or COEP via the All India quota, which can be better than JIIT Noida.

Good luck.
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Question by Arushi - Jul 26, 2025Hindi

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Sir I am arushi I have got 96.21 percentile in jee mains and ews rank 8083 crl - 57404 home state up Will there are chances to get nit/ iiits Cse/ece/ electrical branch. Also how is production and industrial engineering at mnnit Allahabad . Minning engineering at nit rourkela or at nit surathkal is best. Integrated msc in mathematics at nit rourkela should i take it ?

Ans: Hello Arushi
(1) You might have a better chance of getting lower-tier NITs and several IIITs for branches like ECE or Electrical, but getting CSE in top NITs can be challenging. (2) Consider IIITs such as Nagpur, Pune, or other lower-tier IIITs for CSE. Production & Industrial Engineering at MNNIT Allahabad is strong. (3) Mining at Surathkal is generally regarded as better. The integrated MSc Mathematics at NIT Rourkela is academically valuable but has limited core placements, so choose it only if you’re interested in higher studies or research.

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Question by Yash - Jul 26, 2025Hindi

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Sir my son got 84.69% in diploma computer engineering from Jalgaon maharashtra, our native was Akurdi-Pune so we are looking college in pune for admission to direct second year of BE/BTECH in computor engg/ science branch.Pl. suggest which college from pune match with above percentage marks (84.69%).Our categary - open & ranking- 11408 aldo for EWS ranking was - 940.pl.suggest college.

Ans: Hello Yash.
Your son has chances in DY Patil Akurdi, PCCOE, AISSMS, or PICT, etc, through the DTE Maharashtra CAP rounds.

Good luck.
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Question by Kanika - Jul 26, 2025Hindi

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Sir My rank is 160558 in jee mains which college can I get for cse or ai ml??

Ans: Hello dear
Target lower-tier NITs (via CSAB), newer IIITs, GFTIs, or good state/private colleges like SRM, Manipal, or MIT-WPU for CSE or AI/ML.

Good luck.
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 26, 2025

Asked by Anonymous - Jul 26, 2025Hindi

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Which is better for my son and why. CSE at iiit Jabalpur or ECE at RVCE bengaluru

Ans: Hello dear
CSE @ IIIT Jabalpur is better due to a stronger tech focus, better coding culture, and superior placement opportunities in software roles compared to ECE at RVCE. The final choice will be yours.

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 26, 2025

Question by Jay - Jul 26, 2025Hindi

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JEE main rank 9283 open category Home state U.P ke liye CSAB counselling me best choice filling kya honi chahiye please help

Ans: Hello dear.
Prioritize top NITs like Trichy, Surathkal, Warangal, and top IIITs (e.g., Hyderabad, Delhi) for CS/IT in CSAB counselling.

Good luck.
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Radheshyam Zanwar |5846 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 26, 2025

Asked by Anonymous - Jul 26, 2025Hindi

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I want a review of Deccan education society's engineering college. And which college is good for CSE or IT?? DY patil akurdi, AISSMS, MMCOE 78 percentile in MHT-CET

Ans: Hello dear.
Deccan is a good college. For CSE, prefer either Dy Patil or AISSM. However, it is recommended to visit the campuses of these institutes before finalising your decision or filling out the preferences.

Good luck.
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Question by Khushyali - Jul 26, 2025Hindi

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Sir thapar cse or upes cse with ai specialisation? Better placements and academics?

Ans: Hello Khushyali
Prefer CSE AI @ UPES if possible.

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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Jul 26, 2025

Asked by Anonymous - Jul 26, 2025Hindi

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Sir mujhe ek query thi aaj se MHT cet counciling ki choice filling start hogyi h Me apna background batata hu Me maharashtra ka candidate hu mera domicile yahi ka hai Pr meri MHT cet exam acchi nhi gyi thi mujhe low score hai usme Or jee main acchi gyi thi toh mujhe jee main ke through choice filling krni h toh voh samaj nhi arha kaise karna h kya Krna h kaha aayega voh option Me maharashtra candidate hu still mujhe all india wale se Krna toh please jaldi bataiye sir

Ans: Hello dear
You need to log in to the MHT CET counselling portal and select the "JEE Main" option under the choice filling section to apply through the All India quota, even if you are a Maharashtra domicile candidate. Otherwise, take the help of any expert/counsellor near your home.

Good luck.
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Question by Shreyas - Jul 26, 2025Hindi

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ECE in NIT calicut and CSE in IIIT Dharwad which is best

Ans: Hello dear
Prefer CSE @ IIIT Dharwad if possible.

Good luck.
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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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