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Ans: You cannot directly control the TDS (Tax Deducted at Source) that your employer deducts from your salary. However, you can certainly minimize your tax liability by claiming various deductions and exemptions offered by the Income Tax department. Here's what you can do:

Submit Investment Proofs: Ensure you submit Form 16C to your employer reflecting your ELSS investment of Rs 1,50,000. This will help them adjust the TDS deducted throughout the financial year.

HRA Exemption: If you are paying rent, claim the House Rent Allowance (HRA) exemption as per your rent agreement. You can claim the least of these:

Actual HRA received
50% of your salary (for metro cities) or 40% (for non-metro cities)
Actual rent paid minus 10% of your salary
Medical Insurance: The premium paid for your medical insurance (Rs 26,550) is deductible under Section 80D. Submit the premium payment receipts to your employer for claiming this deduction.

By claiming these deductions, you can significantly reduce your taxable income, which will in turn minimize your overall tax liability.

Additional Tips:

You can explore other deductions under sections like 80C (children's education fees, etc.) or 80G (charitable donations) if applicable.
Talk to a tax advisor for personalized advice based on your specific circumstances. They can help you optimize your tax deductions and filing strategy.
Remember, proper tax planning can help you save money and make your investments more efficient.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: Given your age and existing SIP investments, here's a suggested allocation for the additional ?20,000 SIP investment per month:

Large Cap Fund: Allocate ?5,000 to a large-cap fund for stability and consistent returns.
Mid Cap Fund: Allocate ?5,000 to a mid-cap fund for potential growth opportunities.
Flexi Cap Fund: Allocate ?5,000 to a flexi-cap fund for flexibility across market caps.
Balanced Advantage Fund: Allocate ?5,000 to a balanced advantage fund for dynamic asset allocation based on market conditions.
Ensure to select funds with a consistent track record, experienced fund managers, and low expense ratios. Regularly review your portfolio's performance and adjust allocations if needed to stay aligned with your financial goals and risk tolerance. Consulting with a financial advisor can also provide personalized recommendations based on your specific situation and objectives.

Ans: Pritam, you can choose multiple free courses that are present on YouTube to begin your journey in improving English. You can also use the app: Doulingo for learning the language that is easy to use and also has test for you

Ans: Hi Pritam and thank you for writing to me. I presume these are SIP's that you are investing in. You can continue to invest in them.

Please share the amount you are willing to additionally invest and your investment horizon.