Adding few points for people who make some COMMON MISTAKES while focusing on TAX SAVING: 1. Saving taxes should be incidental, not the primary driver of your investment decisions. 2. Prioritizing tax savings can lead to suboptimal choices. So, Investments should primarily align with your financial goals like child education, wealth creation, retirement planning, Foreing trips (why not) etc 3. Chasing tax breaks with short-term investments might provide momentary gains but may not contribute to long-term wealth growth. Focus on investments with higher potential returns, even if they offer less immediate tax relief.
सर शायद सैलरी बेस्ड लोगो के लिये ओल्ड रेजीम ही सही क्योंकि टैक्स बचाने के बहाने ही लोगोँ के पास के पास छोटी मोटी सेविंग हो जाती है। एवम सरकार के उपक्रमो को भी रुपया मिल जाता है। नए रिजीम में शायद इस कम है। आपका सुझाव स्वागत योग्य है।
@@anilkumarbuddha5986 completely true, BIlkul sahi Anil ji, Old best hai. Ushme forced saving hota hi, aisa 80C 80D etc ka option na rahe like tax benefit etc to kayi log jo thora saving investment etc old regime k karan karte the, wo bhi karna band kar denge.
Hello, how do you make such a monthly income? I'm a born Christian, and sometimes I feel down about myself because of my low finances. But I still believe in God.
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
I can sincerely say Mr Charles Lucas is one of the best Traders I have ever seen in the state in the past few years, now reducing losses and ensuring profits
Thanks a lots for your valuable information sir. Anuual CTC- 12L 80C= 1.50 lac used.(PPF ) Medical=20k MF= 4k per month PPF- 12500X12 TERMS INSURANCE -32K FD N RD SOME Share I have purchased HOW I CAN PLAN MY FINANCE AND future sir. I'm newly married person. Thanks in advance sir. I really like and follow your almost all videos for financial. You are real asset yogi🎉
If you can reduce you ppf amount to 10k per month as you can't use your term insurance premium in 80c or even less as you might have epf contribution from your end hence insurance ppf and epf all come under 80c so don't invest extra in ppf you can use that money to invest more in mf or help you to create emergency fund
@@AnilPrajapati-fz5ti sir, I have a doubt plz clarify, I see (12*1800rs) deducted as epf from my salary, also I see contribution from employer In epfo portal ( 3.67% as employer share and 8.33 % as pension share counting to 1800 rs per month again). So can i put (12*3600rs) under 80c for deductions ?
Choose old regime 1.5 lakh elss, epd or ppf 50k nps Other 50k deduction yoi have to do from medical insurance, children education , travelling, 80ccd(2) , home load , or rent. Whatever applicable
Hi, Can you please clarify - 1) If the gratuity amnt. has been considered part of CTC, will it be factored under taxable income in the New Tax regime? 2) What about Professional Tax, will that also be considered in the New regime? looking for your answer. Thanks in advance.
I’m 26, $300K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. Starting to save for a house down payment. I want to invest more this year but I'm not sure on how to mitigate risk
A good number of people discredit the effectiveness of financial advisors. I’ve been DCA’ing into a diversified mix of low cost Index Funds/ETFs for months, buying heavier when low and lighter when higher. I haven’t checked in a bit but I’m already up like $100K because of this. My CFP and I are aiming for a sustainable cash flow portfolio generating at least 9% yield to partially fund my retirement!
@@Edgardo477 I'm looking to give stocks another shot after staying on the sidelines since the pandemic, if you do not mind, could you explain a little bit how you're getting guidance and how can I contact the advisor?
Credit to 'Martha Cornell Kerns' will recommend you look her up, Well, she recommends about 5-9 big rising stocks every month, 3-4 every week and the profits on these stocks are about 20%-55% most times or even higher
Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off
Very nice video sir. There’s one point I want to add regarding EPF contribution. 12% contribution is mandatory only when basic salary is Rs 15,000/- and below. Above this employer has option to cap the EPF contribution to maximum of Rs 3600(1800+1800 for employer & employee ) per month. So many employers exercise this option including mine. This we can’t take much advantage of it. Pls clarify me if I am wrong.
Sir, Thanks for this informative information and this is eye opner video. I would like to see a video of the combination of salary 18L and share trading @ 12L in one finacial year.
Very informative video sir😊.. Could you please tell us that which rule says that the basic salary of employee should be 50% of their gross CTC? and how can I ask my HR to to restructure my salary if he is not agree?.. Our company gives only 25% of CTC as a basic salary and because of that we are loosing lot of tax deductions like HRA limis... Sir please help in the same.
Let's say you changed your company in between FY then how tax will applicable? What documents are required? And someone who selected old regime in first company and then choose new in second company then how he/she can save maximum tax?
Can you also make a video on capital gain? I am specifically looking for information on STCG when it is the only income in the year. Can we use any exception/deduction for STGC? If STCG is 15L, is it taxed flat 15% or does it also fall under slabs and the tax will only be on 10L? Thanks in advance!
I too got to know this new info, employer contribution they will only give in your form 16, our contribution we need to put in 80c section, this is what I thought..
Sagar, only the Employees’ contribution to the EPF account is eligible for deduction under Section 80C. Employer’s contribution (also tax free) is not eligible for deduction under Section 80C.
I have a simple question to government. When taxes are charged on percentage basis then why deductions are fixed. Deductions should be given on percentage basis too.
@@akashpatel291lawde ka development Atal setu bhi Japan k loan ka hai, itna GST collection itna load bc ja kaha raha hai paisa sab? Ram mandir me? Horrible government
@@gigachadkartik It goes to free loader like you who gives vote in the name of Freebies. And if someone calls out that one then you call them Andhbhakt.
@@gigachadkartikBaklol Ram mandir ke liye aam logo ne Rs20 se lekr industrialists ne RS 2 Crore Tak ka donation diya hai. Usse hi Mandir bann raha hai. Mandir government nahi Ram Mandir Trust bna raha hai. Thora padh likh lo. Aur rahi baat Atal Setu ki toh wo besak Japan ke loan pe bna hai aur aise hi state of the art infrastructure bnaye jaate hai. Japanese loan ka interest rate kaafi kam hai . Aur government loan ko repay karne me Paisa lagayegi. Ye ek normal process hai Jo har developing nation follow karti hai. Par madarsa putra ko kuch samajh ho tab toh😂
I respect your work mate. BA is good but i find it truly baffing that all major crypto youtubers. Just look at pure B.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems.it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peak of BTC ... We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market..more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market...i have made over 11btc from day with Elizabeth Marcel insight and signals in less than 3 weeks this is one of the best medium to backup your assets incase it goes bearish....❤
Yesss!!! bitcoin going up is good for the entire market...my largest holding is also Xrp and i actually root for bitcoin to do well, because history shows xrp lags behind it.
aap ek video share market ki income pe tax kaise file krna hai us pr bnaiye? uska tax calculate kaise hoga? aur kya person income(salary or business) tax isme add hoga ya nhi?
1.If l am government employee l will not get benifit as company employee's get. 2. I have rented my house.But staying in same city on rent. Can l claim HRA benifit for exemption?
Thank you for this video. I was under impression, in new Tax Regime EPF Contribution is not considered. Is it Employer or Employee? Our firm has not shown the same in Form 16
Sir 1285000 wala jo amount ban raha tha taxable under new regime usme aage kitna tax calculate hona tha? Vo apne change hi kr diya tha bina final tax calculation ke. Can you please elaborate on that?
my requests for the clearing the following points sir 1. i have second flat where my daughter is staying with family. so can i claim HRA as shown in the rent out flat 2. what is the health insurance claim max to sr citizen, since i am the one 3. i bought dollar for Rs 30000 ,so how it will be calculated /any difference required in ITR forms. I am a pensioner and usually i am using ITR1 to file return, no income from business
Agar husband or wife dono share market me trading se income karte hai to uske liye kaise maximum tax saving kare please ispar full details me ek video jarur bnaye. Or kaun sa ITR file karna padega?? Please btaye.
Sir mujhe capital gain ke baare me jaanna tha, allotment date 2010 ki hai or registery date Jan 2023 hai, purchase date kounsi manege, or June 2023 me sale out karne par kounsa capital gain lagega or isme kya kya deduction or rebate le sakte hai, kaise show karna hai please detail se bataye
Sir, Under New Tax Regime Govt must consider differentiate PWD 80U, Under Old Regime also there is no increase in Limit for Last 8 yrs (75 k/ 1.25k) It should atleast increase as per inflation during so many years.
Thanks for vedio, have Sone questions 1. If salary slip has only employer EPF contribution, so under which section tax exempt will filled. 2. Employee contribution missing in payslip, I need to ask employer or directly I can exempt U/S 80C
Very nice & very informative video sir.. I hv a question sir. My income tax is already deducted as per new regime(by default),then can I file my ITR-1 as per old regime in this year??
I am a web designer. I do job in MNC. I want to start working as freelancer on upwork, fiverr etc. and do some extra projects through references. Q1. I want to be able to deduct my expenses for travel, stay, marketing, equipment purchases, depreciation in equipment from my income. How can I do this? Q2. If it is necessary to have some sort of entity then which is best such that I need not do any compliance, or extra expenses or extra work for the entity? I just want to focus on my web designing. Q3. Also how can I reduce taxes? My total income from job and side projects will exceed 20lacs.
अगर आयकर आकलन प्रपत्र आपने new tax regime के हिसाब से भरकर जमा कर दिया है,! और जुलाई में ITR भरते समय आप ओल्ड टैक्स regime चुन सकते है क्या? या उसी हिसाब से भरना पड़ेगा जिस हिसाब से आयकर आकलन प्रपत्र जमा किया है???
If a salaried person doing short term and long term investment and FNO Marketing... So which ITR Form he Should fill and how to. Sir Can you please explain.. Thanks for sharing your information.
Aapki Deduction Calcution Me Mistake hai, New Tax Regime Me Let Out Property ( Rented Property ) me Home Loan Interest ko Sec 24(B) me Unlimited Deduction Claim kar sakte hai, Income Tax Advance Calcultor Ka Use kijiye...Waha Par Deduction Cheak kijiye...
Hello Sir, your video is extremely grateful but I have a question for you. In your video you have captured ₹96000 as an employer contribution to EPF but you didn't mention under which section?
This is possible only on Theoretical form, if any one have two child then for their education minimum yearly expenses 2 lakh, for food, cloth,transport minimum 3 lakh in a year.. then how anyone can manage their expenses.
Hi Sir, as a salaried employee who has opted for the Default Regime for the current financial year. I would like to know if I can file my ITR with the old regime instead. Please advise me on the pros and cons of switching regimes and the procedure to do so. Thank you for your time and assistance
Do we have any scope to save tax now a days ? With old tax regime we have to invest for deductions and even over an above we need to pay. On the contrary with new regime we have to just pay straight away with no struggle to invest for deductions .middle class are hard hit
Thank you for sharing this useful information I just wanted to know, is there any chance that the government can keep only one tax regime that is the new tax regime in the coming time?
Hello Sir, very informative video, thanks! My compensation is 13,00,000 (fixed) and additional benefits are PF, Gratuity, medical insurance. I do not know the CTC. So, what is included in the fixed one and how much can be expected in hand, if you may please clarify.
Can you explain what all allowances can we get exemption in old tax regime? Meal allowance/Internet allowance???? In my CTC these are not added as taxable income though
I am staying in a rented home and planning to buy an under contstruction home in the same city. I will have to stay in rented home until the new house gets ready ie 3 years. So for next 3 years, can I claim both HRA and Home loan exemption. My home loan will start as soon as I book the flat at cellar stage of housing.
Sir good evening. Your video is very nice and very effective. I have a query please clarify . In new regime u/s 80ccd2 what is maximum limit . 150000 or full 14% . Because in tax calculator of income tax department there is only 150000 rs benifit is taking. Not more than 150000. Not 14 %.
Hello sir. 1. My employer provides me with lease accommodation and doens't give HRA so can still claim HRA deduction? 2. Regarding LTA - If my employer pays me for my leisure travels can I claim it under LTA exemption? Kindly guide for these points. Regards
I have old regime for me , can I shift to new regime & than next year to old regime if it will be beneficiary due to FM announcement every year for new limit of free income for new regime
Join All-In-One Video Finance App here: vidfin.com/
Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
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Adding few points for people who make some COMMON MISTAKES while focusing on TAX SAVING:
1. Saving taxes should be incidental, not the primary driver of your investment decisions.
2. Prioritizing tax savings can lead to suboptimal choices. So, Investments should primarily align with your financial goals like child education, wealth creation, retirement planning, Foreing trips (why not) etc
3. Chasing tax breaks with short-term investments might provide momentary gains but may not contribute to long-term wealth growth. Focus on investments with higher potential returns, even if they offer less immediate tax relief.
Simply put, if you can claim more deductions and exemptions then choose the old regime, otherwise the new regime.
सर शायद सैलरी बेस्ड लोगो के लिये ओल्ड रेजीम ही सही क्योंकि टैक्स बचाने के बहाने ही लोगोँ के पास के पास छोटी मोटी सेविंग हो जाती है। एवम सरकार के उपक्रमो को भी रुपया मिल जाता है। नए रिजीम में शायद इस कम है। आपका सुझाव स्वागत योग्य है।
@@anilkumarbuddha5986 completely true, BIlkul sahi Anil ji, Old best hai. Ushme forced saving hota hi, aisa 80C 80D etc ka option na rahe like tax benefit etc to kayi log jo thora saving investment etc old regime k karan karte the, wo bhi karna band kar denge.
@@CA_Surajdeo Ji Sir bilkul sahi kaha apne.
New tax regime is leading to not to invest your money
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 7k in August 2023...
Hello, how do you make such a monthly income? I'm a born Christian, and sometimes I feel down about myself because of my low finances. But I still believe in God.
most people fail to understand that living a Life without passive income isn't worth much except trying to pay off debts and loans.
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
Mr Charles Lucas financial education have really made name for himself, he's highly recommend best TA guy by for worked with during the fall
I can sincerely say Mr Charles Lucas is one of the best Traders I have ever seen in the state in the past few years, now reducing losses and ensuring profits
After seeing so many videos, your video made a clarity about tax saving with very good example
Thank you
Extremely helpful video..hats off to you that you provide these precious videos without charging any fee ...❤ Thank you sir ...
Thank you for your wonderful explanation. This will definitely help me to maximize tax savings.
Thanks a lots for your valuable information sir.
Anuual CTC- 12L
80C= 1.50 lac used.(PPF )
Medical=20k
MF= 4k per month
PPF- 12500X12
TERMS INSURANCE -32K
FD N RD SOME
Share I have purchased
HOW I CAN PLAN MY FINANCE AND future sir.
I'm newly married person.
Thanks in advance sir.
I really like and follow your almost all videos for financial. You are real asset yogi🎉
If you can reduce you ppf amount to 10k per month as you can't use your term insurance premium in 80c or even less as you might have epf contribution from your end hence insurance ppf and epf all come under 80c so don't invest extra in ppf you can use that money to invest more in mf or help you to create emergency fund
@@AnilPrajapati-fz5ti sir, I have a doubt plz clarify, I see (12*1800rs) deducted as epf from my salary, also I see contribution from employer In epfo portal ( 3.67% as employer share and 8.33 % as pension share counting to 1800 rs per month again). So can i put (12*3600rs) under 80c for deductions ?
@@suhasgali4796 no you can only consider your contribution into epf under 80c that is 1800×12= 21600 rs
Also use NPS 50K 80CCD1B for additional tax saving
Same bro. 3.67% employer contribution given@@suhasgali4796
Amazing. Very detailed and helpful video! 👌
As a teacher i want to save my Tax my income is around 8lac per annum.
Make such a informative videos for teachers .. 🙏🏻
You don't fall under taxable income bracket !
Choose old regime
1.5 lakh elss, epd or ppf
50k nps
Other 50k deduction yoi have to do from medical insurance, children education , travelling, 80ccd(2) , home load , or rent. Whatever applicable
@assetyogi this excel is superb the only thing to add would be is the net tax that a person will have to pay with the deduction on each level
Hi, Can you please clarify -
1) If the gratuity amnt. has been considered part of CTC, will it be factored under taxable income in the New Tax regime?
2) What about Professional Tax, will that also be considered in the New regime?
looking for your answer. Thanks in advance.
In new tax regime
Professional tax is not deducted and is considered a part of income.
extremely helpful sir. Best ever tax regrading explanation!!
I’m 26, $300K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. Starting to save for a house down payment. I want to invest more this year but I'm not sure on how to mitigate risk
A good number of people discredit the effectiveness of financial advisors. I’ve been DCA’ing into a diversified mix of low cost Index Funds/ETFs for months, buying heavier when low and lighter when higher. I haven’t checked in a bit but I’m already up like $100K because of this. My CFP and I are aiming for a sustainable cash flow portfolio generating at least 9% yield to partially fund my retirement!
@@Edgardo477 I'm looking to give stocks another shot after staying on the sidelines since the pandemic, if you do not mind, could you explain a little bit how you're getting guidance and how can I contact the advisor?
Credit to 'Martha Cornell Kerns' will recommend you look her up, Well, she recommends about 5-9 big rising stocks every month, 3-4 every week and the profits on these stocks
are about 20%-55% most times or even higher
Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off
Thanks for sharing. searched for her full name and her website popped up, I set up a call with her
I spent my time on something that'll help me in future totally worth it. Thanks sir ❤
Yogi sir, What maximum amount of HRA can be claimed for rent of house owned by parents?....is there any limit or not?
Same as explained in the video 😊
Very nice video sir. There’s one point I want to add regarding EPF contribution. 12% contribution is mandatory only when basic salary is Rs 15,000/- and below. Above this employer has option to cap the EPF contribution to maximum of Rs 3600(1800+1800 for employer & employee ) per month. So many employers exercise this option including mine. This we can’t take much advantage of it. Pls clarify me if I am wrong.
You are correct
Last year if some one have bussess income , but this year they don't have bussines income then what happen ? Can they switch between regimes ?
Yes, if you don't have business income you have a choice to select between both regime
Sir, your videos are very helpful n informative. I appreciate your way of communication. Very clear n pleasant.
All d best. Keep it up. Thanks again.
Sir, if the house is registered in both husband and wife name, then can the interest paid on home loan be claimed by both?
Yes, in the ratio of property
If you have taken a Joint Home Loan, then you both can claim it.
If they both have taken a loan jointly and both are contributing to the EMI, then only, they both can claim.
Sir,
Thanks for this informative information and this is eye opner video. I would like to see a video of the combination of salary 18L and share trading @ 12L in one finacial year.
Very informative video sir😊..
Could you please tell us that which rule says that the basic salary of employee should be 50% of their gross CTC? and how can I ask my HR to to restructure my salary if he is not agree?.. Our company gives only 25% of CTC as a basic salary and because of that we are loosing lot of tax deductions like HRA limis... Sir please help in the same.
There is new rule from last year which says your basic must be 50% of your CTC
@@AnilPrajapati-fz5ti Then why they are giving low basic salary? Ultimately they have to pay the same CTC. Are they unaware of rules?
The New Wage Code-2022
@@AssetYogiSir please try to make video on new wage 2022 for more clarity. Thanks a lot!
New wage code-2022
Let's say you changed your company in between FY then how tax will applicable? What documents are required? And someone who selected old regime in first company and then choose new in second company then how he/she can save maximum tax?
Can you also make a video on capital gain? I am specifically looking for information on STCG when it is the only income in the year. Can we use any exception/deduction for STGC? If STCG is 15L, is it taxed flat 15% or does it also fall under slabs and the tax will only be on 10L? Thanks in advance!
STCG on listed share is taxable @15% Also you can enjoy your slab benefit of 2.5 lakh
Can u make a video on how as a freelancer we should be handling our finances ?? Getting a GST number , filing taxes and GST and other things
Thanks for the information but how can we deduct employers PF contribution from salary calculations? Under which section?
I too got to know this new info, employer contribution they will only give in your form 16, our contribution we need to put in 80c section, this is what I thought..
Sagar, only the Employees’ contribution to the EPF account is eligible for deduction under Section 80C. Employer’s contribution (also tax free) is not eligible for deduction under Section 80C.
I have a simple question to government. When taxes are charged on percentage basis then why deductions are fixed. Deductions should be given on percentage basis too.
What a informative video sir 😉💯👍
Time travel krke dekh bhi liya kya 😂😂😂
@@korgaonkar_deepak are sir ki video h axi hi hogi 😁💯
So nice of you
SIR INCOME FROM PF( AFTER LEAVING JOB )+ SHARE MARKET INCOME ( LONG/ SHORT TERM / OPTION ) HONE PR KESE CALCULATE KRE HAVE ANY VIDEO PLS SUGGEST
i followed your last years same video stating 0 tax, still they deduct around 30K, for views youre going so down
😂.
Pay 60k this time. Don't worry its for the development of the nation.
@@akashpatel291lawde ka development Atal setu bhi Japan k loan ka hai, itna GST collection itna load bc ja kaha raha hai paisa sab? Ram mandir me? Horrible government
@@gigachadkartik It goes to free loader like you who gives vote in the name of Freebies. And if someone calls out that one then you call them Andhbhakt.
Gujarat mein kharch ho rha hai sab
@@gigachadkartikBaklol Ram mandir ke liye aam logo ne Rs20 se lekr industrialists ne RS 2 Crore Tak ka donation diya hai. Usse hi Mandir bann raha hai. Mandir government nahi Ram Mandir Trust bna raha hai. Thora padh likh lo. Aur rahi baat Atal Setu ki toh wo besak Japan ke loan pe bna hai aur aise hi state of the art infrastructure bnaye jaate hai. Japanese loan ka interest rate kaafi kam hai . Aur government loan ko repay karne me Paisa lagayegi. Ye ek normal process hai Jo har developing nation follow karti hai. Par madarsa putra ko kuch samajh ho tab toh😂
Thank you sir, you have clear all doubts about old and new regime
👌👌👌🏆🏆
Thankyou
Beautiful presentation
I respect your work mate. BA is good but i find it truly baffing that all major crypto youtubers. Just look at pure B.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems.it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peak of BTC ... We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market..more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market...i have made over 11btc from day with Elizabeth Marcel insight and signals in less than 3 weeks this is one of the best medium to backup your assets incase it goes bearish....❤
Please educate me I've come across this before how can i get to her please?
Yesss!!! bitcoin going up is good for the entire market...my largest holding is also Xrp and i actually root for bitcoin to do well, because history shows xrp lags behind it.
she' on 👇
TELEGRAM
Elizy 15
That's her username
aap ek video share market ki income pe tax kaise file krna hai us pr bnaiye? uska tax calculate kaise hoga? aur kya person income(salary or business) tax isme add hoga ya nhi?
Sir can you please make a specific video for government employees for salary upto Rs. 15 lakh
1.If l am government employee l will not get benifit as company employee's get.
2. I have rented my house.But staying in same city on rent. Can l claim HRA benifit for exemption?
All concepts clear bhai, thanks for explaining 🙂🙂
Thank you for this video. I was under impression, in new Tax Regime EPF Contribution is not considered. Is it Employer or Employee? Our firm has not shown the same in Form 16
Sir 1285000 wala jo amount ban raha tha taxable under new regime usme aage kitna tax calculate hona tha? Vo apne change hi kr diya tha bina final tax calculation ke. Can you please elaborate on that?
Likha hua tha jis tax bracket me taxable income aayegi utna percentage of your taxable income se tax pay karna hoga
As always perfect video
my requests for the clearing the following points sir
1. i have second flat where my daughter is staying with family. so can i claim HRA as shown in the rent out flat
2. what is the health insurance claim max to sr citizen, since i am the one
3. i bought dollar for Rs 30000 ,so how it will be calculated /any difference required in ITR forms. I am a pensioner and usually i am using ITR1 to file return, no income from business
Agar husband or wife dono share market me trading se income karte hai to uske liye kaise maximum tax saving kare please ispar full details me ek video jarur bnaye.
Or kaun sa ITR file karna padega?? Please btaye.
Sir mujhe capital gain ke baare me jaanna tha, allotment date 2010 ki hai or registery date Jan 2023 hai, purchase date kounsi manege, or June 2023 me sale out karne par kounsa capital gain lagega or isme kya kya deduction or rebate le sakte hai, kaise show karna hai please detail se bataye
Really Fantastic video sir. - Keep uploading like these types of videos
Sir, Under New Tax Regime Govt must consider differentiate PWD 80U, Under Old Regime also there is no increase in Limit for Last 8 yrs (75 k/ 1.25k)
It should atleast increase as per inflation during so many years.
Thank u Asset Yogi for the useful info. . best part is to the point solution no faltu gyaan.
Thanks for vedio, have Sone questions
1. If salary slip has only employer EPF contribution, so under which section tax exempt will filled.
2. Employee contribution missing in payslip, I need to ask employer or directly I can exempt U/S 80C
Very nice & very informative video sir..
I hv a question sir.
My income tax is already deducted as per new regime(by default),then can I file my ITR-1 as per old regime in this year??
Great video......this what I was looking for.....👍👍
Very useful
Thanks a lot
I am a web designer. I do job in MNC.
I want to start working as freelancer on upwork, fiverr etc. and do some extra projects through references.
Q1. I want to be able to deduct my expenses for travel, stay, marketing, equipment purchases, depreciation in equipment from my income. How can I do this?
Q2. If it is necessary to have some sort of entity then which is best such that I need not do any compliance, or extra expenses or extra work for the entity? I just want to focus on my web designing.
Q3. Also how can I reduce taxes? My total income from job and side projects will exceed 20lacs.
Excellent sirji , bahut badiya bataya aapne, thanks a lot
Joint loan - interest can be claimed by both? Double deduction?
अगर आयकर आकलन प्रपत्र आपने new tax regime के हिसाब से भरकर जमा कर दिया है,!
और जुलाई में ITR भरते समय आप ओल्ड टैक्स regime चुन सकते है क्या?
या उसी हिसाब से भरना पड़ेगा जिस हिसाब से आयकर आकलन प्रपत्र जमा किया है???
yes.. aap kar sakte ho change..
Excellent 👌
If a salaried person doing short term and long term investment and FNO Marketing... So which ITR Form he Should fill and how to. Sir Can you please explain..
Thanks for sharing your information.
What about exemption on SB and FD interest in old regime?
Really helpfull video, thank you so much sir
😊secsion 80 u ke bi vidio banao jo ki disablity people ko examsion milta hai
30 lakh se upar ki CTC pe new tax regime hi beneficial hai chahe kitne bhi deductions laga lo old tax regime mein
Aapki Deduction Calcution Me Mistake hai, New Tax Regime Me Let Out Property ( Rented Property ) me Home Loan Interest ko Sec 24(B) me Unlimited Deduction Claim kar sakte hai, Income Tax Advance Calcultor Ka Use kijiye...Waha Par Deduction Cheak kijiye...
Thanks a lot Sirji. As always very useful and informative video
Always welcome
Definitely investing will become simple for someone who don't know even about 80C. But for others, we'll see. Good luck.
Hello Sir, your video is extremely grateful but I have a question for you. In your video you have captured ₹96000 as an employer contribution to EPF but you didn't mention under which section?
Very well explained 🎉
Please guide for which tax regime to consider if there are tax deductions below 2 Lacs and gross salary is around 12 Lacs.
This is possible only on Theoretical form, if any one have two child then for their education minimum yearly expenses 2 lakh, for food, cloth,transport minimum 3 lakh in a year.. then how anyone can manage their expenses.
No can afford both House rent and home loan that much of amount.
Hi Sir can you please explain tax details for 50 lac CTC
Hi Sir,
as a salaried employee who has opted for the Default Regime for the current financial year. I would like to know if I can file my ITR with the old regime instead. Please advise me on the pros and cons of switching regimes and the procedure to do so.
Thank you for your time and assistance
To choose old regime or new regime is optional for assessee while filing ITR in which you can save your tax you can choose
Do we have any scope to save tax now a days ? With old tax regime we have to invest for deductions and even over an above we need to pay. On the contrary with new regime we have to just pay straight away with no struggle to invest for deductions .middle class are hard hit
Thank you for sharing this useful information
I just wanted to know, is there any chance that the government can keep only one tax regime that is the new tax regime in the coming time?
Pl make a detailed video on ITR4 in new regime with the "Presumptive Taxation" option
गवर्नमेंट सैलेरी पर्सन के पास एक्सेंप्शंस के बहुत कम ऑप्शन होते हैं तो उसमें से नई टैक्स रिज्यूम में किस प्रकार से टैक्स बचत कर सकता है
Awesome video
Hello Sir, very informative video, thanks! My compensation is 13,00,000 (fixed) and additional benefits are PF, Gratuity, medical insurance. I do not know the CTC. So, what is included in the fixed one and how much can be expected in hand, if you may please clarify.
Check offer letter & pay slip or speak to your HR
Can you explain what all allowances can we get exemption in old tax regime? Meal allowance/Internet allowance???? In my CTC these are not added as taxable income though
I am staying in a rented home and planning to buy an under contstruction home in the same city. I will have to stay in rented home until the new house gets ready ie 3 years. So for next 3 years, can I claim both HRA and Home loan exemption. My home loan will start as soon as I book the flat at cellar stage of housing.
Very nice explain...thanks 👌 😊
For Self Employed, Freelancer income approx 8-9 lakh , suggest better in new regime or Old Regime
Thanks for this video. Eagerly waiting this video every year 😅
Sir Army person ki salary TR-2 main hum kese deduction le skte h please video bana dijiye ☺️
Mera salary 15 lakhs hai mai old tax scheme me zero ya minimum kaise kar sakta hu please guide me
Sir good evening. Your video is very nice and very effective. I have a query please clarify . In new regime u/s 80ccd2 what is maximum limit . 150000 or full 14% . Because in tax calculator of income tax department there is only 150000 rs benifit is taking. Not more than 150000. Not 14 %.
Thank you 🙏
You’re welcome 😊
Thank you for detailed explanation and knowledge sharing. Can you please share this excel sheet?
This video is very informative. Thank you sir.👍
Great video with detail comparision amazing Work by You sir ❤❤❤
Hello sir.
1. My employer provides me with lease accommodation and doens't give HRA so can still claim HRA deduction?
2. Regarding LTA - If my employer pays me for my leisure travels can I claim it under LTA exemption?
Kindly guide for these points.
Regards
A government salaried employee who invests in MF and stocks will use which form to file the IT return?
Itr2
@@vpstca thank you
Tell me about remittance tax on abroad to India
Thank You Sir ji ❤
Nice Information Mukul ji
Sir PPF m bhi ek updated video bna dijiye, usme tax deductions m kchh changes ho gye h shyd
good information sir, have any PDF guidelines in respect to rebate in income tax, please share the information in PDF
Very nice
Good explain
Good practice and very nice information
Kya intt on ppf new regime me available hai.
Wanted to know does gift to family members can help in reducing taxable income?
I have old regime for me , can I shift to new regime & than next year to old regime if it will be beneficiary due to FM announcement every year for new limit of free income for new regime
Inlaws ke home ko rent de sakte hai kya same city me, HRA bhi claim karna hai
Yes You can. Even parents ko rent de rahe ho to wo bhi you can claim.
This video is very informative. thank you sir.