Latest news with #Rs.52
Time of India
16-06-2025
- Business
- Time of India
Mitra can save Rs 55,000 tax by opting for NPS, new tax regime
Academy Empower your mind, elevate your skills Madhulika Mitra is a consultant in a management consultancy firm in Gurugram. She earns well, but nearly 15% of her income goes in tax because she has invested in tax-inefficient instruments, doesn't claim all the deductions, and her salary structure is not has now decided to opt for the new tax regime because she will pay lower tax with this option. Even if her company rejigs the pay structure to include tax-friendly perks, tax savings will be lower for her in the old regime. The new regime offers very few deductions and exemptions, but the standard deduction is higher at Rs.75,000, tax slabs are wider and rates are ensure that she saves more tax in the new regime, she should opt for the NPS benefit offered by her company. Under Section 80CCD(2), up to 14% of the basic salary put in the NPS is tax-free. She can save Rs.52,416 if her employer rejigs her salary to reduce the taxable component and put it in the NPS instead. Mitra also pays Rs.2,683 as tax on income from bank deposits. If she switches to debt funds, instead of parking her money in the deposits, she will have to pay tax only at the time of the new tax regime, there is no deduction for health insurance premiums, but she should still consider buying it for her she decides to stay in the old regime, she can reduce her tax liability marginally by asking her employer to rejig her salary structure and offer more deductions. She could also consider reducing her investment in the ELSS funds and PPF to channelise it towards the NPS on her own under Section 80CCD(1b).Paying too much tax? Write to us at etwealth@ with 'Optimise my tax' as the subject. Our experts will tell you how to reduce your tax by rejigging your pay and investments
India.com
29-05-2025
- Politics
- India.com
Over 10 acres of land, 19 bank accounts and..., Congress MP Shashi Tharoor's net worth has doubled in 10 years, it is now Rs...
After Operation Sindoor, India made a strong impression on the global platform, and one of the key voices representing the country was Shashi Tharoor. Speaking in New York, he clearly explained India's policies on terrorism. A senior Congress leader, Tharoor has been an MP from Thiruvananthapuram, Kerala since 2009. Over the years, his wealth and income have often been a topic of public discussion. So how much is Shashi Tharoor really worth? According to a report by DNA, Shashi Tharoor revealed details about his assets while filing his nomination for the 2024 Lok Sabha elections. As per his declaration, his total assets are worth over Rs. 55 crore. This is a big jump from 2014, when he had declared Rs. 23 crore, and from 2019 when it was Rs. 35 crore. In just ten years, his wealth has more than doubled. His movable assets (things like cash, bank deposits, and investments) alone are worth over Rs. 49 crore. These include funds in 19 bank accounts, bonds, debentures, mutual funds, and other investments. What He Owns Shashi Tharoor owns 534 grams of gold, which is worth about Rs. 32 lakh, and he has Rs. 36,000 in cash. His immovable assets (like land and property) are valued at Rs. 6.75 crore. This includes: 2.51 acres of agricultural land in Palakkad (his share is worth Rs. 1.56 lakh) 10.47 acres of land in Thiruvananthapuram, worth Rs. 6.2 crore A house worth Rs.52 lakh He also owns two cars: a Maruti Ciaz and a Maruti XL6. His Education and Background Shashi Tharoor was born on March 9, 1956, in London, into a Malayali family. When he was just two years old, his family moved back to Kerala. He completed his schooling in Mumbai and Kolkata, and later graduated in History from St. Stephen's College, Delhi University. In 1978, he earned a Ph.D. in International Relations. Tharoor entered politics in 2009, winning the Thiruvananthapuram seat as a Congress candidate. Since then, he has been known not only for his role in Indian politics but also for being a powerful speaker and a respected face of India on global platforms. A great orator
