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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 02, 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 durga on Feb 01, 2023Hindi

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my income is 14 lakhs +. which ie old or new tax regime is better for me. I have no savings.

Ans: Hi Durga
You may save about Rs. 1.06 Lakhs by opting for the new tax regime

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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sir, Greetings. For next year my taxable income shall be appx. 22 lakhs. Opting for new tax regime or the existing old one. Which shall be benificial. Rds, Rao

Ans: For a Person not availing any tax benefits (Deduction of housing loan repayment, Life insurance premium, Mediclaim, Tax saver mutual fund etc), new tax regime will be beneficial

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Question by sunil - Feb 03, 2023Hindi

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My annual income is 10 to 12 lakhs. Which old or new tax regime is better for me? I have some savings like lic etc

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Question by Raghavendra - Feb 08, 2023Hindi

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My Income is 12 lakhs, and savings Child tution fees, GPF contribution all comes over 1.5 lakhs and also in 80D Medical Insurance 23000. Is old or New tax regime beneficial?

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Question by Vishnu - Aug 06, 2024Hindi

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Is old tax regime beneficial or new on as my annual gross income is between 13 lakhs to 14 lakhs?

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Question by Lone - Feb 01, 2025Hindi

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As of now I have opt for Old tax regime.. With my income of 11.89 LPA , can you please suggest which regime is good ,, Old or the new .. Also guide on tax saving components for the respective option

Ans: If you are going for Old Tax Regime then following options for reduction in Tax outgo
1. Standard Deduction on salary
2. HRA
3. NPS contribution from Salary
4. Investments under 80 C i.e. Life Insurance, Tax saving MF, 5 yr FD
5. Mediclaim 80D
6. Voluntary Payment of NPS upto Rs.50000
7. If you have home loan then Home loan Principal can be claimed under 80C and Interest under House Property
8. Interest on Savings Account upto Rs.10000
Based on these deduction, you need to calculate total deduction and tax liability. If the Income after deduction goes below Rs.5 Lakhs, No tax liability for you

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Sir I got 162 marks in met and 90% in boards. What branch can I get in main campus manipal?

Ans: Hi Vaishnavi,
To find out the Rank, use the below-mentioned formula.
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Question by Jishnu - May 28, 2025

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Sir what would be my rank and probable branch with 115 marks in MET and 91 Percentage overall of board.Please kindly guide .

Ans: Hi Jishnu,
To find out the Rank, use the below-mentioned formula.
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Securing 540 in neet if 2025 gen any chance for gmc

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Question by Adidev - May 27, 2025

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Sir i have a rank 33k in VITEEE but wasnt able to get into any ECE or CSE branch in VIT chennai but my friends with ranks of 70k+ got in is there any way??

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I have given my maharashtra board exam in 2024 with pcm english and It exam And i also gave improvement exam on 2025 exam in again pcm english and IT Can I give Isolated biology exam on 2026 GET ELIGIBLE FOR NEET 2026 I really want to appear for neet 2026 Please somebody help Please

Ans: Hi Rebel,
For NEET 2026, there is still time. We can't predict any changes in the NEET exam at this moment, so we must wait for the notification from the NTA. It might be better for you to take an isolated exam through NIOS.
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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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