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Mihir

Mihir Tanna  |1056 Answers  |Ask -

Tax Expert - Answered on Feb 07, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Sudhakar Question by Sudhakar on Feb 05, 2023Hindi
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Hi Mihir, My ctc is 21.5lpa which regime i shud opt for . I have home loan . How much tax i shud pay Thnks Sudhakar

Ans: For a higher salary after proposal of Standard deduction and new slab rate under new regime, new tax regime is more beneficial. With CTC 21.5 lacs and housing loan deductions of Rs.2,00,000 for interest and Rs.1,50,000 for 80C (including housing loan principle); tax liability under new old regime will be Rs.3,37,500 and under new regime it will be Rs.3,30,000.
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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Career Counsellor - Answered on Jun 03, 2025

Asked by Anonymous - May 31, 2025Hindi
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As per my JEE main result I may get admission in following college: BIT Mesra- ECE branch THAPAR - CSE IIIT KOTA- CSE IIIT Ngpur- CSE IIIT Guwahati (not sure)- CSE Could you please suggest what should be order of preference.
Ans: Here's a suggested order of preference based on the colleges and branches you've mentioned, along with explanations:
1. Thapar Institute of Engineering and Technology - CSE: Thapar is a well-established engineering institution, and CSE is generally considered a highly desirable branch.
If your son is inclined towards CSE, Thapar is a strong choice.
2. BIT Mesra - ECE: BIT Mesra is a prestigious engineering institute. While ECE might not be as sought-after as CSE, BIT Mesra's reputation and placement record can be attractive.
3. IIIT Kota - CSE: IIITs are known for their focus on IT and computer science.
IIIT Kota is generally considered a good option, particularly for CSE.
4. IIIT Nagpur - CSE: IIIT Nagpur is another reputable IIIT.
If you are looking for CSE, IIIT Nagpur is a strong contender.
5. IIIT Guwahati - CSE: IIIT Guwahati is a National Institute of Technology (NIT).
IIIT Guwahati is generally considered a decent option for CSE.
Important Considerations:
Branch Preference: Your personal preference for ECE vs. CSE is crucial. If you strongly prefer CSE, that should be a major factor in your decision.
College Reputation and Placement: Consider the reputation of each college and its placement record.
IIIT Focus: IIITs are known for their focus on IT and computer science, so they might be a good choice if you have a strong interest in those areas.

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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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