I had zero knowledge of taxation before, but after watching your videos related to tax I'm pretty much clear on how taxation works. I have already subscribed and liked the video ,what else I can do! Thanks Asset yogi😊
You have done great home work to precisely cover everything in a very nice manner. Old vrs New xl presentation is simply superb. God bless you. Keep your working on.
I am an IT professional and I always watch your video to clear my doubt regarding taxes and investments. It also help me to take proper decision about investment so that I can clime as much as tax deduction n exemptions. Thank you so much❤😊
I was literally so confused between old and new regime but Yogi sir made it quite clear now, thanks a million sir for this valuable video and of course for the calculator too 😊
@@AssetYogi Thanks so much for such an informative videos. I would like to inform if you can Please check that in the calculator column "G" that is Tax@old slab is not giving the correct result.
This is what we called a perfect video, awesome keep it going sir , thank you so much clarifying all the doubts. You just made everything crystal clear.
Very nice video. My frd is a CA, gave wrong info... He said once u shift to new regime u can't shift back to old regime (for business man) But you gave accurate info. Thank you
@@AssetYogi but shifting from old to new regime and back (to old) once is possible .. As per your video My frd said once we shift to new regime (from old).. We can't shift to old regime.. Which is wrong info
Truly appreciate your work. This is what I was looking for and as a taxpayer, with different slabs and exemptions in new regime in our budget 2023, we first like to know how it affects us. and this calculator really really helps us. Please give more insight about income tax savings. Thanks
I follow many finfluencers...none has covered it this deep. Most just forgot about HRA and house loan, be it R Ranade, P Kamra, Convey, Parimal, Akshat. But Mukul bhai is always erudite and precise, video ek din bad ayi par bataya sab hai 👍
“WHAT A TREMENDOUS MENTOR YOU’RE.🔥 VERY KNOWLEDGEABLE AND FRUITFUL SESSION..😻 Please bring more like this…🤗 THANK YOU SO MUCH SIRRR!♥️ LOVE & BLESSINGS FROM VARANASI..!!”🕉️
Thanks, yogi I was thinking of the same, so I told my CA to devise such excel for me the next day the budget was announced And he charged extra fees for that. But here you are with your insight full video for general public
Hamesha ki tarah,.... fantastically explained Sir. The selection of words, examples & the timing can make even a laymen understand better ... thank you sit 👍
Sir, pointing out the problem in your excel, for Income between 10-12 lakh in the old regime, the taxable income after exemptions and deductions comes out to be 7.5 lakh so 20% tax on the 2.5 lakh income will be 50,000 + 12,500= 62,500 not 37,500/- I hope you will correct this one
Excellent video mukul sir. I perfectly get to know the difference and clear understanding now. Thank you🙏. Please keep upload such a videos which are easy to understand
Thanks Mr. Asset Yogi. This video was helpful. However, I tried to enter random numbers in you excel and noticed that for income of Rs. 905000 it is showing (~ Rs. 21500) tax in old regime and to the income of Rs. 1050000 (Rs. 19500) with exact amount of extra deductions in both the case.. How come tax for Rs. 905000 is more than income of Rs. 1050000 ???
Thanks a Ton sir you made tax calculation so simple and easy . And the calculator you provided is indeed a big big help. God bless you sir. Thrilled indeed
I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.
@@ardeand very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
@@Emmacurtis My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more
@@Emmacurtis Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Good content as always.... but i have few questions in my mind about term insurance - 1. A person (say Raman) has annual income of 10 lacs and he is of 30 year old at the time of taking Term insurance with 1 crore cover amount for 30 year (i.e. his policy will expire when he attain age 60). He paid the premium on time every year and he dies at the age of 50. Now will company settle claim of 1 Crore rupees or they will calculate Human Life Value (i.e. based on the pending working life income) then accordingly they will settle reduced claim. I didn't find any clear illustration despite of reading many policy document. Can you answer or better to create a detailed video on this? 2. The term insurance is taken by breadwinner of the family and if that person takes critical illness rider also still only that person of the family will be covered. Say his spouse/child/any other dependent get suffered from critical disease then this critical illness rider is of no use. Isn't it better to take critical illness rider with floater family health insurance so dependents also get benefitted. Another point is portability because the rider may not be available with other company term plan.
Excellent video Mukul Ji. Just a single query, a salaried person having long-term capital gains & investments in Indian equity as well as in the US stocks can also opt for the New tax regime?
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
I totally agree! Investment has also changed my life financially andI have heard a lot about investments with Olivera Jane khumalo and how good she is, please how safe are the profits?
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
The presentation is excellent and very well explained. I have one point to make. The calculator may not work accurately for Senior Citizens as they have different i.e. better tax slabs under old tax regime. However, there is no different tax slabs for senior citizens under new tax regime. Please comment whether my contention is correct or not. Thanks.
Thank you for simplifying the old & new regime....it was opt, interesting & easy to follow & understand & you made your class too excellent. I am a regular follower of your videos to seek knowledge & clarifications . Appreciate your efforts for bringing such clarifications & knowledge on your TH-cam.....God bless.
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
Absolutely amazing. I have not seen such a simple and lucid explanation on New vs Old tax regime... But I disagree on the point of HRA... HRA is one of the biggest tool to save tax... For me with 80C, 80D and HRA I claim 405000 in deductions...and bulk comes from HRA...
Hey i am providing free tax saving consultancy.... apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks for free you can contact us. Contact number is shown in DP and Description.
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
Join All-In-One Video Finance App here: vidfin.com/
Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
कितने अच्छे तरीके से वर्णन किया है। 20 वीडियो देखने बाद जो चीज समझ मे नही आई वो आप ने कितने आसान तरीके से समझा दी।
आभार योगी जी....
God bless you...
ये काफी हेल्पफुल विडियो है.. मैं सैलरीड हूं। बहुत कुछ सीखने को मिला इससे। आपका धन्यवाद।
I had zero knowledge of taxation before, but after watching your videos related to tax I'm pretty much clear on how taxation works. I have already subscribed and liked the video ,what else I can do! Thanks Asset yogi😊
Watched a lot of tax related videos still learned something new from this one.. Thank you for making life easy for a common man!
Thank you for clarifying our doubts
This man deserves more respect. Really appreciate your work
Thank you so much 😀
Totally Agree!!!
Important is: So quickly
Injkkiiikjj😅😅😊😅NK your u😅😢😢😅😮 😮🎉. 😅😅😅poo😊😅😅😅😮😮😢😢😢😮😢 Mm nahin 😮😮😅nikumjko
Very nice information sir. May God bless you.
You have done great home work to precisely cover everything in a very nice manner. Old vrs New xl presentation is simply superb. God bless you. Keep your working on.
I am a banker and see maximum of yours videos to clear my doubts
..hats off on your efforts for middle class person👌 🙏🙏🙏🙏🙏
Thanks Monika
I am an IT professional and I always watch your video to clear my doubt regarding taxes and investments. It also help me to take proper decision about investment so that I can clime as much as tax deduction n exemptions. Thank you so much❤😊
Thanks for watching
Sir will you file your own return?
Sir aap superb ho..apne bhut ache se smjay..aesi video maine aaj tk nhi dekhi..na aese kisine smjaya.....bhgwan apko khush rakhe.
Thanks Anita
I was literally so confused between old and new regime but Yogi sir made it quite clear now, thanks a million sir for this valuable video and of course for the calculator too 😊
Glad to hear that
Where is the calculator
@@poojakapil2333 check the description of this video, you will get the link of the calculator.
@@AssetYogi Thanks so much for such an informative videos.
I would like to inform if you can Please check that in the calculator column "G" that is Tax@old slab is not giving the correct result.
New tax regime is best
Really knowledgeable for salaried employees, Differentiate well old V/s New Tax regime. Thanks for your efforts!!
Thanks a lot
@@AssetYogi sir
Agar mai new regime select kare toh kya next year mai old regime choose kar sakta hu please suggest?
Mena kbi kisi b video per commnt nahi kiya but apna itna clearly brief karka commnt karna per majboor kar diya Great job sir...
This man deserves more respect. Really appreciate your work great content☺☺
Thanks Mohit
@@AssetYogisir kya hum ne old tax regime ke liye form filled kiya ho to kya hum online ITR filing krte vakt new tax regime select kar skte hai?
This is what we called a perfect video, awesome keep it going sir , thank you so much clarifying all the doubts. You just made everything crystal clear.
Very nice video. My frd is a CA, gave wrong info... He said once u shift to new regime u can't shift back to old regime (for business man)
But you gave accurate info. Thank you
You can't opt-in and opt-out every year (in the case of business and profession). So, your friend was right
@@AssetYogi but shifting from old to new regime and back (to old) once is possible .. As per your video
My frd said once we shift to new regime (from old).. We can't shift to old regime.. Which is wrong info
Truly appreciate your work. This is what I was looking for and as a taxpayer, with different slabs and exemptions in new regime in our budget 2023, we first like to know how it affects us. and this calculator really really helps us. Please give more insight about income tax savings. Thanks
Thanks
I follow many finfluencers...none has covered it this deep. Most just forgot about HRA and house loan, be it R Ranade, P Kamra, Convey, Parimal, Akshat.
But Mukul bhai is always erudite and precise, video ek din bad ayi par bataya sab hai 👍
Hi Who are Convey and Parimal ? The rest I know about. Thanks for info
@@caesar_cipher Convey by Finnovation and Parimal Ade...check them
@@007_Sun_Tzu thank you
Very well explained , I came across other videos they were just beatinbg around the bush.
Thank you .Truly appreciate .
You never disappoint us. Nice explanation. I was having doubts on last 2 points which you called up so clearly. Thank you.
This is the best channel i have ever seen , and i find myself lucky to be a subscriber of the same.
Thanks a lot. Keep learning
Hi sir
I am an accountant. I really like your video.
The information you have given in this video is very incredible .
The way he defines is worth appreciating.. simple n clear concepts ...even for vast topic. I love this channel.
Thanks Aashvi
“WHAT A TREMENDOUS MENTOR YOU’RE.🔥
VERY KNOWLEDGEABLE AND FRUITFUL SESSION..😻
Please bring more like this…🤗
THANK YOU SO MUCH SIRRR!♥️
LOVE & BLESSINGS FROM VARANASI..!!”🕉️
Thanks Tushal
But I get to know that we can not claim deduction in new tax regime? Where is the confusion?
@@AssetYogi Sir need excel for calculation
@@eunsie___44 22
5
Thanks, yogi
I was thinking of the same, so I told my CA to devise such excel for me the next day the budget was announced
And he charged extra fees for that.
But here you are with your insight full video for general public
Hamesha ki tarah,.... fantastically explained Sir. The selection of words, examples & the timing can make even a laymen understand better ... thank you sit 👍
You are most welcome
Sir, pointing out the problem in your excel, for Income between 10-12 lakh in the old regime, the taxable income after exemptions and deductions comes out to be 7.5 lakh so 20% tax on the 2.5 lakh income will be 50,000 + 12,500= 62,500 not 37,500/- I hope you will correct this one
Correct it
Right
एक तथ्य समृद्ध भिडियो और समझने मे भी काफी आसान। बहुत सराहनीय काम और आपको धन्यवाद। ऐसा और भिडियो बनाते जाईये
Thanks a lot for putting this up and make it so much easy to understand the new vs old structure
Glad it was helpful!
Very informative video. Excellent piece of work by adding dynamic calculator...additionally, you can add sec 80TTA OR 8OTTB also near deductions...
Thanks
Is STD deduction and 80TTB deduction available in new scheme for senior citizens@@AssetYogi
Excellent video mukul sir. I perfectly get to know the difference and clear understanding now. Thank you🙏. Please keep upload such a videos which are easy to understand
Mukul Sir never disappoints as usual !
Always crisp and to the point 👏
Thanks Mr. Asset Yogi. This video was helpful.
However, I tried to enter random numbers in you excel and noticed that for income of Rs. 905000 it is showing (~ Rs. 21500) tax in old regime and to the income of Rs. 1050000 (Rs. 19500) with exact amount of extra deductions in both the case.. How come tax for Rs. 905000 is more than income of Rs. 1050000 ???
Excellent sir. Perfect video on old and new tax regime. I don't think any doubts will be pending post watching this video. Thanks sir.
Excellent video,sir. Just one thing,there is one slight mistake in 10,50,000/- column. Tax in old regime should be 62,500 instead of 37,500.
Right 👍
Same mistake I have also found.other things are ok
Can you tell me how tax @old regime 42,500/- is coming under 7-9 lakhs salary ?
Thanks a Ton sir you made tax calculation so simple and easy . And the calculator you provided is indeed a big big help. God bless you sir. Thrilled indeed
Well done sir ☺️ You are doing a great job...☺️It will help us to improve our knowledge regarding tax system..
It's my pleasure
Very well explained and as usual yogi the bestest ❤️
Thanks a lot 😊
I never ever seen such a video on you tube like this. Sir, well explained in very simple way. Thank you!
I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard
While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.
@@ardeand very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.
@@Emmacurtis wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@Emmacurtis My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more
@@Emmacurtis Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
Good content as always.... but i have few questions in my mind about term insurance -
1. A person (say Raman) has annual income of 10 lacs and he is of 30 year old at the time of taking Term insurance with 1 crore cover amount for 30 year (i.e. his policy will expire when he attain age 60). He paid the premium on time every year and he dies at the age of 50. Now will company settle claim of 1 Crore rupees or they will calculate Human Life Value (i.e. based on the pending working life income) then accordingly they will settle reduced claim. I didn't find any clear illustration despite of reading many policy document. Can you answer or better to create a detailed video on this?
2. The term insurance is taken by breadwinner of the family and if that person takes critical illness rider also still only that person of the family will be covered. Say his spouse/child/any other dependent get suffered from critical disease then this critical illness rider is of no use. Isn't it better to take critical illness rider with floater family health insurance so dependents also get benefitted. Another point is portability because the rider may not be available with other company term plan.
Thanks a lot
Why would the company calculate human life value and not pay entire amount? The sum assured was 1 Cr .they shud pay 1 Cr
@@AssetYogibhai pura toh padh lete 😂
@@Shanvikavines Question samajhne me time lagega isiliye taal diya
Pura 1 cr milega
SIR VAKAY ME BAHOT HI INFORMATIC VIDEO HE BAHOT BAHOT DHANYVAD , YE TAX PRECTITIONE & STUDENT & TAXPAYER KE LIYE BHOT KAM AAYEGI
Excellent video Mukul Ji. Just a single query, a salaried person having long-term capital gains & investments in Indian equity as well as in the US stocks can also opt for the New tax regime?
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET.
PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
I totally agree! Investment has also
changed my life financially andI have
heard a lot about investments with
Olivera Jane khumalo and how good she is, please how safe are the profits?
Wow! How's that possible please I'lII
appreciate your assistance on how to
go about it.
Am also Olivera Jane khumalo beneficial she really help me and my family's alot ❤️
You can also make more from her ❤️
here is her official Watsapp contact 👇👇
Bhai shukriya... Sara confusion dur and rules clarity aa gai 🙏... Thanks for the video
Hats off to you the way you have explained the difficult subject. Your Excel sheet is icing on the cake. The whole video is master stroke
You explain so good. As a new guy in this field I wanna know some basics so please make a video for new-comers! 🙏🏻
Thank you so much.. it really helps to decide which regime should I select..
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
All doubts clear...In a single short video...Salutes sir .
So nice of you
Thank you so much. You deserve much more. I was so confused as what to choose in tax regimes. Thanks to you, I now know what to do.
Really very helpful, I have learned a lot from this channel. thank you very much Sir.
Thanks for the wonderful information and valuable calculator Mukul! May you and ur channel grow doublefold
Thanks a lot
You given more information that no one has given this clarity😊
Thank you so much sir. I feel proud to be a subscriber to your channel.❤
What a best and simple way of explanation. This very precise and perfect content without unnecessary explanation
Thanks for your support!
The presentation is excellent and very well explained. I have one point to make. The calculator may not work accurately for Senior Citizens as they have different i.e. better tax slabs under old tax regime. However, there is no different tax slabs for senior citizens under new tax regime. Please comment whether my contention is correct or not. Thanks.
Thanks Nilay
How easily you elaborated such a difficult and confusing concept...hats off to you !!!
Very useful info and i admire the way you present with actual to the point facts.
Very good explanation with suitable example with regard to New and Old regime Income Tax. Great work sir.
I appreciate your hard work and thanks for your easy technique to understanding these hard concepts.
You are doing a great work for us. Thanks a lot. Blessed to have you.
Thank you Sir, your calculator helps me lot for understanding 🙏
Nice vedio & very nice calculater🎉
Such crisp clear and to the point explanation. Thanks a lot sir
Thanks a lot! This was very clear and easy to understand.
Thanks a lot. Your explaination is quite good and useful. It removes every doubt
Wow...all my queries resolved in under 14 mins, thank you so much sir!
Thnx for giving Very informative knowledge abt taxation.
Thanks a lot sir, i was confused and searching for this but when I see u posted video on this I get assured that all doubts will clear.❤
Very good explanation easy to understand. Your excel sheets are useful
Glad to hear that
Beautiful information❤ very simple way🙏
Great session - crisp and clear. Thank You !!!
Thank you so much... This was very very helpful
really great...thanks a lot. you made so easy to understand deductions. Your excel works damm good:)
Thank you for simplifying the old & new regime....it was opt, interesting & easy to follow & understand & you made your class too excellent. I am a regular follower of your videos to seek knowledge & clarifications . Appreciate your efforts for bringing such clarifications & knowledge on your TH-cam.....God bless.
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
Thanks for value addition to understand income tax old regime & income tax new regime, pl send income tax claculator link.
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
People like you are an asset to common citizens like us. God bless you
Thank you so much!
Very complicated topic explained in very simple way so everyone can understand .. Great sir 👌
Absolutely amazing. I have not seen such a simple and lucid explanation on New vs Old tax regime... But I disagree on the point of HRA... HRA is one of the biggest tool to save tax... For me with 80C, 80D and HRA I claim 405000 in deductions...and bulk comes from HRA...
Hey i am providing free tax saving consultancy.... apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks for free you can contact us. Contact number is shown in DP and Description.
very nice person and very beautifully explain
Thank you for putting in all the efforts!
Very nice information video 🙏
Very crisp and to the point details for everyone. I really appreciate your work and help on this topic. Keep it up 🙂
No words..just excellent work👍
Very nice information and analysis 👌. Thanks
Very informative. Requesting to explain the old regime deduction elaborately for better understanding.
All matter explained in detail. Thanks a lot.
Thank you for the video ! I would like to point out that the tax calculation for row Rs. 10-12 lakh is incorrect for old regime.
M apki help kar sakta hu apka tax reduce karne me.. apki return file kar dunga...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
Waqai me aap asset yogi (practitioner) ho, maza aa gaya information dekh ke
Bahut bdhiya knowledge diye sir. Thank you
Most welcome Dinesh
So cleare and Cristal explanation sir.thank you
This video is really great. Thanks A lot Asset yogi Ji for your kind contribution. May god bless you
Very nicely explained. I appreciate your work.
Thanks a lot
Very informative. Thanks
Nice sir, this is a simple explanation for the hard subject really love it
Thank You so much for the calculator in Excel format. Really helped me.
Very helpful insight thank you for such informative video 🙏
Glad it was helpful!
Fantastic video, crystal clear, great articulation, really appreciate all your videos and the free education you provide.
Extremely useful video sir! Cleared so many doubts…
What an explanation yaar,You know this is how u explain finance 🎉❤...Keep going sir.
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jyega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.