The father will have an additional 14,000 rupees of disposable income per month starting in December 2024 due to the repayment of personal and credit card loans.
"yes he will have an extra 14,000 rupees a month to spend"
The father is projected to have a retirement corpus of approximately 30-31 lakh rupees in 10 years, combining gratuity, provident fund, and equity investments.
"he would be sitting on around 30 lakhs of Corpus in 10 years when he retires"
Following the repayment of father's loans by December 2024, the individual is projected to have an excess income of approximately 1.7 lakh rupees per month from January 2025 onwards.