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A Salary of Rs. 1,500,500 - How Much Will I Pay in Taxes?

T S Khurana |490 Answers |Ask -Follow

Tax Expert - Answered on Dec 25, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Question by Jacob on Dec 24, 2024Hindi

Money

Thank you for the reply Mr. Khurana How much will be the tax amount for my income of Rs. 1500500?

Ans: I can't work out your tax liability in absence of correct & complete data, about your taxable income from all sources & Your tax savings (if any). It will again vary, if you are Senior citizen.
Most welcome for any further clarifications. Thanks.

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 Nishita - Jul 09, 2025Hindi

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Sir can you please rank IIIT Allahabad ECE , Gwalior EEE, Lucknow CSE+specialization, Jabalpur CSE and Kanchipuram CSE

Ans: Nishita, Evaluating the five IIIT programs reveals distinct strengths across faculty quality, research infrastructure, placement consistency, academic standards, and industry recognition. IIIT Lucknow in Uttar Pradesh offers B.Tech CSE with specializations including AI, business, and cybersecurity, achieving a remarkable 96.17% placement rate in 2025 with the highest package at Rs.145 LPA and the average at Rs.33.71 LPA, supported by 45+ PhD faculty and specialized research labs. IIIT Allahabad in Uttar Pradesh provides B.Tech ECE with strong electronics curriculum, NIRF rank #87 in Engineering 2024, 93% placement rate with highest Rs.121 LPA and average Rs.25.78 LPA, backed by globally-recognised faculty and research publications. IIITDM Jabalpur in Madhya Pradesh delivers CSE with design-manufacturing focus, over 60 PhD faculty, 71.8% placement rate with highest Rs.122 LPA international (?110 LPA domestic) and average Rs.19.27 LPA UG, featuring robust industry collaborations and 13 CSE department faculty. IIIT Gwalior (IIITM) in Madhya Pradesh offers EEE with 100% PhD faculty strength and 80–90% placement rates, with the highest at Rs. 65 LPA and an average of Rs. 20.56 LPA, supported by research-intensive programs and a diverse recruiter base. IIITDM Kancheepuram near Chennai provides CSE with design specialization, over 80 PhD faculty from IITs, 73% placement rate with highest Rs.32 LPA and average Rs.9.37 LPA, though experiencing declining trends from 97% in 2022.

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Recommendation: Choose LNCT Bhopal for its national accreditations, broader industry collaborations, and consistent median placements, or opt for Sanskriti University if higher placement percentage, new campus amenities, and proximity to Delhi-NCR better align with your priorities. All the BEST for Admission & a Prosperous Future!

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Question by Roman - Jul 09, 2025Hindi

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Can we replace chemistry marks with computer science subject for top 20 percentile eligibility in nits system Not iit only nits system eligibility

Ans: Roman, No, you cannot substitute Computer Science for Chemistry when calculating the top-20-percentile cutoff for NIT admissions. JoSAA’s eligibility applies to marks in Physics, Chemistry, Mathematics, one language and any other subject with highest marks. Chemistry must remain one of the five subjects for NIT?system eligibility. All the BEST for Admission & a Prosperous Future!

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Question by Garena - Jul 09, 2025Hindi

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Sir,does AI(Data Science) has opportunity in future like 2030 and what will be minimum salary after studying in amrita

Ans: Garena, Before answering your question, Please note that Return on Investment (ROI), regardless of the branch or college, is not determined solely by your choice of institution or program. Several other factors significantly influence it—such as consistent academic performance over the next four years, regular skill enhancement, soft skills development, awareness of job market trends, a well-built personal profile, and maintaining a professional LinkedIn presence with clear job search strategies. ANSWER to your question: By 2030, artificial intelligence and data science roles are expected to flourish as automation creates 11 million net new jobs globally and transforms 86 percent of businesses, underscoring strong long-term demand. Data scientist employment in the U.S. alone is projected to grow 36 percent from 2023 to 2033, far outpacing average occupations and signaling robust global opportunity. At Amrita Vishwa Vidyapeetham, Coimbatore, the CSE-Data Science branch recorded a 92 percent placement rate in 2024, with the lowest on-campus offer around ?2 LPA and a median salary of ?7.6 LPA across all streams.

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Sir my sister has option to take admission in Greater noida institute of technology cse with data science branch or she could get iet sitapur ece or she could get admission in gl bajaj mathura cse or niet cs with cyber security what should she aim for according to future needs and job opportunities

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Question by Sayak - Jul 09, 2025Hindi

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Sir/madam My jee main CRL is 23059 In csab round there are chances of getting NIT DURGAPUR ECE and IIEST SHIBPUR Information technology!! Which one should I prefer more ? I am from WB

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Recommendation: Prioritize NIT Durgapur ECE for its higher and more consistent peak placement momentum in a core-electronics stream close to home, but if you seek stronger average IT packages and a broader software-centric curriculum, opt for IIEST Shibpur Information Technology. All the BEST for Admission & a Prosperous Future!

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Question by Rakesh - Jul 09, 2025Hindi

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Sir i have scored 680 out of 1000 and scored AIR 843 . As going by past trends i am getting IIT kanpur CSE , IIT Hyderabad CSE and NIT Delhi CSE what to choose can you pls tell

Ans: Rakesh, 680 out of 1000 in which exam? Which program you are referring? Please clarify. All the BEST for Admission & a Prosperous Future!

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Question by Namachivayan - Jul 09, 2025Hindi

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Sir,My son got B tech mechanical in iit tirupati and also btech cse in shiv nadar university chennai.Which one will be the best for his future?

Ans: Namachivayan Sir, IIT Tirupati in Renigunta (Andhra Pradesh) offers B.Tech in Mechanical Engineering with a curriculum blending thermofluids, manufacturing, design and robotics in DST-funded laboratories, guided by predominantly Ph.D.-qualified faculty and supported by project-based learning and research collaborations. Over the 2023–24 placement drive, 41.9% of Mechanical students secured roles with an average package of ?10.95 LPA, while core recruiters such as Microsoft, Amazon and Samsung participate on campus.

Shiv Nadar University Chennai on Old Mahabalipuram Road (Tamil Nadu) delivers B.Tech in Computer Science & Engineering with specializations in AI/ML, cybersecurity and IoT, taught by industry-immersed faculty in GPU-enabled HPC clusters and smart classrooms. Its Career Development Center facilitates mock interviews, hackathons and 250+ recruiter engagements, achieving an 85%+ placement rate and a four-year CSE average package of ?12.85 LPA through top firms like Goldman Sachs, Microsoft and Amazon.

Recommendation: Opt for Shiv Nadar University Chennai CSE if you prioritise higher placement consistency, strong industry partnerships and cutting-edge computing specializations, (OR) choose IIT Tirupati Mechanical Engineering for a government institute pedigree, robust core-engineering foundation and growing research infrastructure. My Suggestion: Prefer IIT-T-Mechanical over SNU. All the BEST for Admission & a Prosperous Future!

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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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