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Ambareesh Baliga | Answer |Ask -Follow

Stock Market Expert - Answered on Feb 05, 2023

Ambareesh Baliga has 35 years of experience in different facets of the Indian equity market. In his long career, he has headed businesses in wealth management, fund management, corporate advisory, investment banking, retail finance and stock broking. Currently an independent strategy advisor to ultra high networth individuals and family offices, he regularly features as an expert on CNBC, CNBC Awaaz, NDTV and Zee Business. In the past, Baliga has worked with organisations such as Price Waterhouse, Kotak, Karvy, Way2Wealth and Edelweiss.... more

Question by Sunil on Feb 01, 2023Hindi

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Hello! I am Sunil. My take home is approximately 11.5L. I have investments and i avail almost all tax exemption benefits. Should i continue with old tax system next FY or opt for new one. Please guide.

Ans: If you are available most of the tax exemptions and are fine with the cash left in hand post that - then you should continue with the old regime - but the way the govt is going about it - in the next couple of years it could be scrapped. (Disclaimer : The views given are personal. Please consult your CA or Investment Advisor/Tax Consultant before acting on my views)

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 Vijay - Feb 01, 2023Hindi

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Hello sir, Upto this financial year I am paying tentatively Rs238000/- appx as income tax, with annual income about 1650000/- in old tax regime. Whether I should stick to old regime or opt for new one? I don't have housing loan

Ans: Same answer as given earlier: The tax slabs themselves are very broad and your benefits depend on what sections of Income Tax Act are you taking benefit of like 80C, 80G, 80D, 80E, 24B, and HRA.

Instead of looking at broad tax slabs, please calculate yourself at this calculator as pertaining to yourself and you will be able to decide which tax regime is better for you:-
https://cleartax.in/paytax/TaxCalculator

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Question by N - Feb 02, 2023Hindi

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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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Tax Expert - Answered on Nov 02, 2023

Asked by Anonymous - Oct 11, 2023Hindi

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Hi, My annual salary is around 22,00,000. I've a home loan for which I pay around 17k per month as EMI. I also invest regularly in PPF and NPS. Should I go for new tax regime or stick to old one.

Ans: If person is taking maximum benefits of deduction/exemption, old tax regime is likely to be beneficial for FY 23-24. In the absence of exact amount of interest and principal repayment of housing loan as well as PPF amount, it is difficult to comment.

You can check working under both regime https://incometaxindia.gov.in/Pages/tools/tax-calculator.aspx

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Tax Expert - Answered on Feb 13, 2025

Asked by Anonymous - Feb 12, 2025Hindi

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Dear Sir. My salary per month is Rs1,20,000. The only investment I have made is two houses for which I am paying Rs45000 EMI every Month. Since I am paying debts the following is the breakup, Monthly Salary: Rs1,20,000 Housing Loan EMI: Rs 45,000 Paying my friends who lend money + personal Loan: Rs 35,000 (which will not be considered for TAX) For Another six months I have to pay to finish the loans and Pay friends. Jewel Loan - 7lakh remaining Monthly EMI: Rs10,000 (which will not be considered for TAX) Monthly household expenses + Kids Van fees + Kids Music class Fees: Rs.25000 SIP Monthly-Not Tax saving SIP's : Rs.5,000 (From OCT 2024 -Feb 2025 Saved Rs.25,000 so far.) Total: 45000 + 35000 + 10000 + 25000 + 5000 = Rs. 1,20,000 Since this is my state of my expenses. Please tell me should I opt for Old Tax Regime or New Tax Regime. Thank you Sir.

Ans: As you dont have any deductions u/s 80C 80D 80CCD, new tax regime is likely to be beneficial for you

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Tech Careers and Skill Development Expert - Answered on May 28, 2025

Question by Noughty - May 25, 2025

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I got 101522 rank jee mains and 90000 rank in viteee. Can I get a best college with low fee and higher package college

Ans: Based on JEE Main Rank (1,01,522)
???? Chances in Government Colleges (through JoSAA/CSAB)
With this rank and assuming General Category, you might get:

Lower or core branches in newer IIITs or NITs (like Civil, Metallurgy, or Bio-Tech) in the spot/CSAB rounds.

GFTIs like:

Assam University, Silchar

Gurukula Kangri, Haridwar

BIT Mesra (off-campuses)

Action: Participate in CSAB special rounds — sometimes CSE seats open up unexpectedly.

Based on VITEEE Rank (90,000)
At VIT Vellore or Chennai, it's unlikely you’ll get core CSE.

You can expect branches like:

Electronics and Computer Engineering

ECE, EEE, or Bio-related branches at VIT Bhopal or AP

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Asked by Anonymous - May 25, 2025

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I got 90 marks in MET exam and 78% aggregate in pcme. Can I get cse specialisation branch in manipal university jaipur?

Ans: CSE specializations at MUJ might be challenging.

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Asked by Anonymous - May 25, 2025

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Sir, my son got 98.62% in JEE main and he wants to go to core branch like electrical and mechanical engineering. Is it possible

Ans: Definitely possible

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Tech Careers and Skill Development Expert - Answered on May 28, 2025

Question by Rakhi - May 25, 2025

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Hello Sir, I got 86percentile in jee mains , I'm a girl candidate with EWS with delhi state quota. Is there any good clg that I can get? If cse is my preference

Ans: IGDTUW (for Girls only)
You have a chance for non-core branches, especially:

MAE (Mechanical & Automation Engineering)

ECE or IT (Less likely but possible in later rounds)

CSE at IGDTUW closes earlier for EWS girls (usually under 65k–70k CRL approx).

3. IIIT Delhi (through JAC)
IIIT-D gives weightage to class 12th marks + JEE Mains, but CSE cutoff is still competitive.

With 86 percentile, CSE at IIIT-D is unlikely, but allied specializations like CS+Design or CS+SS may be considered in later rounds, though tough.

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Tech Careers and Skill Development Expert - Answered on May 28, 2025

Asked by Anonymous - May 25, 2025

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Question by Babloo - May 28, 2025

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This is prathyush from tamil nadu, I've just completed my grade 12 , I have written both jee mains paper 1(BE/B tech) and paper 2(b arch and b planning) unfortunately I didn't get selected in paper 1 , but I've secured 74.4 percentile in b arch and 86.1 percentile in b planning.. I'm looking up for any good colleges or Institutes to study b arch or b planning. Could you suggest me any good college or institute into which I can get in with my marks to study b arch and b planning

Ans: Hello Babloo.
Your likelihood of being admitted to renowned B. Arch institutions is moderate. However, this may be achievable in respected private institutions. We cannot recommend the names of colleges located throughout all of India. We encourage you to engage fully in the counseling process to discover additional possibilities.
Best of luck to you.
Follow me if you like the reply. Thanks
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 28, 2025

Asked by Anonymous - May 28, 2025

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I am getting 582 marks in neet UG 2025 from general category.Can I get a government college

Ans: Hello dear
A score of 582 gives you a good opportunity to secure a place in GMC. Advance congratulations to you.
Best of luck to you.
Follow me if you like the reply. Thanks
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 28, 2025

Question by Kapil - May 28, 2025

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My daughter is getting integrated M Tech in Cyber security or AI in VIT Bhopal and B.Tech CSE in Banasthali Vidhyapeeth in Rajasthan. She got 87% in 12th CBSE and We belongs to Rajasthan only. What should we prefer?

Ans: Hello Kapil
It would be a wise decision to go with CSE @ Banasthali Raj.
Best of luck to you.
Follow me if you like the reply. Thanks
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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on May 28, 2025

Asked by Anonymous - May 28, 2025

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My daughter got 90.5 percentile in sc category. My hometown is WB. Which NITcollege I got and which stream?

Ans: Hello Dear
Opportunities exist for gaining admission to certain NITs, aside from programs related to computer studies. However, it is not possible to forecast a specific NIT.
Best of luck to you.
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Question by Sunny - May 28, 2025

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My daughter get 72% in 12th with PCM and she want to take admission in Btech Computer science with AI an ML kindly suggest me best college as per her eligi6

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Kindly reach out to the administrative office of a private college to inquire about the availability of seats for Computer Science Engineering under the management quota. Please avoid requesting help from any representatives or advisors. Contact the administrative office directly.
Best of luck to you.
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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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