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CA Monica
India
เข้าร่วมเมื่อ 26 มี.ค. 2021
CA Related Videos
🔴Deductions Under New vs Old Tax Regime: What You Need to Know| CA Monica| தமிழ்
Published on 09-07-2024
Mail: yourauditornetwork@gmail.com
Insta id: our_ca_network
The new tax regime in India (introduced in the Union Budget 2020), taxpayers have the option to pay income tax at lower rates. However, they must forgo certain exemptions and deductions available under the old regime. Here's a brief overview:
Tax Rates under New Regime:
The new tax regime offers concessional tax rates, which are as follows:
- Income up to ₹2.5 lakh: Nil
- ₹2.5 lakh to ₹5 lakh: 5%
- ₹5 lakh to ₹7.5 lakh: 10%
- ₹7.5 lakh to ₹10 lakh: 15%
- ₹10 lakh to ₹12.5 lakh: 20%
- ₹12.5 lakh to ₹15 lakh: 25%
- Above ₹15 lakh: 30%
Deductions and Exemptions not Available under New Regime:
Taxpayers opting for the new regime have to forgo a significant number of exemptions and deductions, including:
1. House Rent Allowance (HRA)
2. Leave Travel Allowance (LTA)
3. Deductions under Section 80C: Up to ₹1.5 lakh for investments in PPF, ELSS, NSC, etc.
4. Interest on Housing Loan (Section 24): Up to ₹2 lakh on self-occupied property.
5. Deduction under Section 80D: Medical insurance premium.
6. Deduction under Section 80E: Interest on education loans.
7. Deduction under Section 80G: Donations to certain funds and charitable institutions.
8. Deduction under Section 80TTA: Interest on savings account.
9. Deductions for contributions to pension schemes (Section 80CCD(1), 80CCD(1B), and 80CCD(2)).
Deductions and Exemptions Allowed under New Regime:
However, there are a few allowances and exemptions that are still available under the new tax regime:
1. Employer Contribution to NPS: Section 80CCD(2).
2. Standard Deduction: ₹50,000 available to salaried individuals.
3. Standard Deduction on Rent: 30% of the annual value for let-out property.
4. Income from agriculture: Certain agricultural income is exempt.
5. Retirement Benefits: Leave encashment on retirement, gratuity, and commutation of pension.
6. Transport Allowance: For specially-abled persons.
7. Amount received on maturity of life insurance: Subject to certain conditions.
Mail: yourauditornetwork@gmail.com
Insta id: our_ca_network
The new tax regime in India (introduced in the Union Budget 2020), taxpayers have the option to pay income tax at lower rates. However, they must forgo certain exemptions and deductions available under the old regime. Here's a brief overview:
Tax Rates under New Regime:
The new tax regime offers concessional tax rates, which are as follows:
- Income up to ₹2.5 lakh: Nil
- ₹2.5 lakh to ₹5 lakh: 5%
- ₹5 lakh to ₹7.5 lakh: 10%
- ₹7.5 lakh to ₹10 lakh: 15%
- ₹10 lakh to ₹12.5 lakh: 20%
- ₹12.5 lakh to ₹15 lakh: 25%
- Above ₹15 lakh: 30%
Deductions and Exemptions not Available under New Regime:
Taxpayers opting for the new regime have to forgo a significant number of exemptions and deductions, including:
1. House Rent Allowance (HRA)
2. Leave Travel Allowance (LTA)
3. Deductions under Section 80C: Up to ₹1.5 lakh for investments in PPF, ELSS, NSC, etc.
4. Interest on Housing Loan (Section 24): Up to ₹2 lakh on self-occupied property.
5. Deduction under Section 80D: Medical insurance premium.
6. Deduction under Section 80E: Interest on education loans.
7. Deduction under Section 80G: Donations to certain funds and charitable institutions.
8. Deduction under Section 80TTA: Interest on savings account.
9. Deductions for contributions to pension schemes (Section 80CCD(1), 80CCD(1B), and 80CCD(2)).
Deductions and Exemptions Allowed under New Regime:
However, there are a few allowances and exemptions that are still available under the new tax regime:
1. Employer Contribution to NPS: Section 80CCD(2).
2. Standard Deduction: ₹50,000 available to salaried individuals.
3. Standard Deduction on Rent: 30% of the annual value for let-out property.
4. Income from agriculture: Certain agricultural income is exempt.
5. Retirement Benefits: Leave encashment on retirement, gratuity, and commutation of pension.
6. Transport Allowance: For specially-abled persons.
7. Amount received on maturity of life insurance: Subject to certain conditions.
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🔴No Income Tax Return for Senior Citizens| Section 194P of Income Tax Act| CA Monica| தமிழ்
มุมมอง 25K4 หลายเดือนก่อน
Published on 04-07-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network Understanding of Section 194P 1. Specified senior citizen - The person will qualify as a ‘specified senior citizen’ if it satisfies the following conditions- • Condition 1 - The senior citizen should be of the age 75 years or more during the previous year. • Condition 2 - The senior citizen should be resident in...
🔴ITR Filing Mandatory? For whom? CA Monica| தமிழ்
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Published on 29-06-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network 2024 income tax 2024 income tax budget 2024 income tax calculation 2024 income tax return 2024 income tax changes in tamil 2024 income tax changes for individuals 2024 income ideas 2024 income tax rules 2024 income site new tax regime vs old tax regime new tax regime new tax regime 2024 new tax regime vs old tax...
🔴Who should file NIL Return? When to file? CA Monica| தமிழ்
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Published on 28-06-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network 2024 income tax 2024 income tax budget 2024 income tax calculation 2024 income tax return 2024 income tax changes in tamil 2024 income tax changes for individuals 2024 income ideas 2024 income tax rules 2024 income site new tax regime vs old tax regime new tax regime new tax regime 2024 new tax regime vs old tax...
🔴Income tax return without form 16 | No form 16? How to file? CA Monica| தமிழ்
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Published on 24-06-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network 2024 income tax 2024 income tax budget 2024 income tax calculation 2024 income tax return 2024 income tax changes in tamil 2024 income tax changes for individuals 2024 income ideas 2024 income tax rules 2024 income site new tax regime vs old tax regime new tax regime new tax regime 2024 new tax regime vs old tax...
🔴TDS refund? Excess TDS deducted due to PAN Aadhar Not linked| CA Monica| தமிழ்
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Published on 25-06-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network how to link pan card to aadhar card how to link aadhaar card with pan card how to link pan card to aadhar card free how to link pan card to aadhar card online how to link aadhaar with pan card free online pan aadhaar link online pan aadhaar link online tamil excess tds paid can be adjusted in next quarter excess...
🔴When to file your ITR? Due date| CA Monica| தமிழ்
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Published on 24-06-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network
🔴Have you filed your IT? Mistakes to Avoid| IT filing| CA Monica|
มุมมอง 7005 หลายเดือนก่อน
Published on 16-06-24 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network 2024 income tax 2024 income tax budget 2024 income tax calculation 2024 income tax return 2024 income tax changes in tamil 2024 income tax changes for individuals 2024 income ideas 2024 income tax rules 2024 income site new tax regime vs old tax regime new tax regime new tax regime 2024 new tax regime vs old tax r...
Which one to choose? Old or New Tax regime? Choose yourself - FY 24-25| CA Monica| தமிழ்
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Old Tax Regime vs New Tax Regime provides us with the options to choose between the tax structure. Old Tax Regime vs New Tax Regime can give us better picture of tax saving for us. This video on Old Tax Regime vs New Tax Regime provides you clarity on what type of tax structure you may have to choose. Old Tax Regime vs New Tax Regime creates confusion for some salaried people which will be clea...
🔴Form 10IEA is mandatory for whom? Choosing Old tax Regime? Do this without fail|CA Monica| தமிழ்
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Old Tax Regime vs New Tax Regime provides us with the options to choose between the tax structure. Old Tax Regime vs New Tax Regime can give us better picture of tax saving for us. This video on Old Tax Regime vs New Tax Regime provides you clarity on what type of tax structure you may have to choose. Old Tax Regime vs New Tax Regime creates confusion for some salaried people which will be clea...
📌PAN-Aadhar not linked| IT consequences|| Higher Tax| CA Monica| தமிழ்
มุมมอง 3.7K7 หลายเดือนก่อน
Published on 10-04-2024 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network how to link pan card to aadhar card how to link aadhaar card with pan card how to link pan card to aadhar card free how to link pan card to aadhar card online how to link aadhaar with pan card free online pan aadhaar link online pan aadhaar link online tamil
Cash transactions Limit under Income Tax| CA Monica| தமிழ்
มุมมอง 8K7 หลายเดือนก่อน
Published on 07-04-24 Mail: yourauditornetwork@gmail.com Insta id: our_ca_network Cash Transactions Cash Handling Cash Management Cash Payment Process Cash Transactions in Business Cash Transactions Accounting Cash Transactions Limit Cash Transactions Rules Cash Transactions Tips Cash Flow Management Cash Transactions in Retail Cash Transactions vs. Digital Payments Cash Handling Procedures Rec...
IT Notice on HRA claim| Do you have these proofs in order to avoid IT notice?| CA Monica| தமிழ்
มุมมอง 6977 หลายเดือนก่อน
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All about Your Income Tax - FY 24-25| CA Monica| தமிழ்
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w.e.f 01-04-2024 - Changes in Income Tax| CA Monica| தமிழ்
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📌Earnings Per share| EPS Meaning| CA Monica| தமிழ்
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✨️📖 CA exams Tips & Tricks| Last minute preparation| CA Monica| தமிழ்
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📢Final Opportunity! Re-opening of correction Window for May 2024 Exams| CA Monica| தமிழ்
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What is Stipend|Stipend vs Salaries| Stipend taxability|CA Monica| தமிழ்
Akka ennakkum CA aaganum nu romba aasa akka 😢
Hi mam Ennoda husband salary la tds pidikkaranga antha TDS ah nanga thirumba collect pannikkalama
How to file FCM
Madam, Deduction of family pension also increased to 25,000/- in New Tax.
Madam, Standard deduction in New Tax Regime is 75,000/- but in Old Tax Regime 50,000/-
Ca classes in tamil th-cam.com/video/4-3LUyNC2rI/w-d-xo.html
Mam I need a help, can I do ca after my bcom computer applications degree
Ca direct route la poganum na articleship mudichitutha exam ezutha mudiyum ma illa exam clear paninitu kuda articleship paninalama sister soluga sister
Company la ESOP eligibility amount kuduthurukanga athu ethuku
ore person member aagavum director aagavum irukalaaama mam
Avangala Enga Poi theduradhu. Adhaiyum Sollitingana, Enakku Romba Usefulla Irukkum
Institution fees details sollunga
Intha course la join pana age iruka
Order podudagana ena seivathu
Order vantha ena seivathu
Sister explains the section 195 tds
Thanks sister 🎉
Mom Please give your pone No
Tax payers only suffering this or all employees will suffer?
Monthly turnover or yearly turnover mam
Thank you so much akka❤
Hi sis, now I am doing the job. Job is must in my life. Now shall I study CMA course? If possible how many days will take it?
Sister books la eppd vanganum institute la kekanuma illa veliya vanganuma
Can anyone translate the points in English i don't understand tamil
Thayavu seinchu ellarukkum puriyura nari sollu thanga
All points are good. But except one thing. Institute books are good but they are so much voluminous. Private author books focuses appropriate weightage to appropriate chapters but institute material even for insignificant chapters will go for 100 pages. For clearing ca final within 6-9 months in my opinion to use private author material is effective. I said with my experience with study material and private author material.
அக்கவுண்டில் 5 லச்சம் போட்டு அந்த 5 லச்சத்தை எடுத்து விட்டால் அது தான் 5+5=10 லட்சம் limit டா யாராவது சொலாலுங்கள் please
Hi naino link pannalama
bank வட்டி e filling web இல் பார்க்க முடியுமா
We have paid wrongly instead of immovable property I selected virtual asset how to rectify mam
Under RCM, The RCM tax amount reported in GSTR 1 , Can we utilize through ITC on the same month while filing GSTR 3 B ?
ஒரு மயிறும் புரியல.
Hi mam im new in this field - GST and ITR , Please help me, how to gst registration video link
Ca course are exam
can I get an amendments links posted page for this
C A Salary Enna
The bank will inform me you keep quiet.
Madam i am working in private salary only annual income Below 5laks only. My total salary deducted sep23 month reason for pan aadar not linked. After linked pan aadar done. My IT file date 01.7.24. still now refund not credited in my account.going to check in IT portal they showing prossing on only in last 2 month.. Possible to get my amount or not.
CA direct route pathi fulla video poduga akka
Selathula college iruka
College yenga iruku
My lover, future, CA ❣️akka
Pan adahar not linked problem linked on June 19 2024 I paid 20% fine can I get refund
Small Construction company proprietorship, MSME la register pannalama mam
Wants to talk Number mam
Nicely explained.
Hi how to see yearwise 2A and 2B?
Not explained clearly
அக்கா நான் 2024+2 படிக்கிறேன் . ICA | ல் சேர்ந்து படிப்பது எப்படி
Eppadi joint pannanum