Need Expert Advice?Our Gurus Can Help

Ans: Having close relatives with type 2 diabetes increases your risk. However, diabetes can be acquired from environmental and lifestyle as well. Excess body weight, sedentary lifestyles, chronic stress, etc., affects blood sugar regulation. Risk increases with age, especially for type 2 diabetes. Prevention through regular exercise, balanced diet, weight management, and stress reduction is an effective strategy for maintaining controlled blood sugar levels.

Ans: hold

Ans: The decision of whether the new tax regime or the old tax regime is better depends on various factors like the individual's income, deductions, investments, and financial goals. In the case of your daughter, who has a monthly salary of Rs. 51,000, the new tax regime may be beneficial if she doesn't have many tax-saving investments or deductions. However, if she has significant tax-saving investments and deductions like home loan interest, life insurance premiums, etc., then the old tax regime may be more beneficial for her.

Under the new tax regime, your daughter can choose to forego most tax deductions and exemptions, and she will be taxed at lower tax rates. The new tax regime has lower tax rates than the old tax regime, but it doesn't allow for many tax deductions and exemptions. On the other hand, the old tax regime has higher tax rates, but it allows for various tax deductions and exemptions.

To determine which regime is better for your daughter, you can compare the tax liability under both regimes based on her income, deductions, and investments.

In summary, whether the new tax regime or the old tax regime is better for your daughter depends on her specific financial situation.

Ans: This will completely differ from person to person. One way of doing it is to look at you current monthly expenses and index that for inflation.
You can arrive at the capital required by computing the present value of the future cash flows (monthly income needed).