@@neilpanasare4144 Mostly ICSE syllabus because a lot of state syllabus' don't teach and I'm not sure of CBSE but there's a course on taxes in ICSE in 10th.
I usually never comment on TH-cam videos. However, I just wanted to appreciate you Tanmay for coming out with this channel and such helpful videos in an easy to understand format. Also, I have been a fan since your AIB days. All the best!!
He is not only a selfless person.. but also a smart entrepreneur.. he's making money from teaching you this.. and I'm not saying it in a negative way.. instead it's an appreciation text.. tanmay is smart
I'm a CA aspirant & i have to say everything was on point not too much not too less it was just perfect...more power for helping people to understand the importance of Financial literacy
If you want an indirect advice,run it via business or profession income ,if you can, cause in that you can claim much more deductions, than any other source of income...
im just 18 but truly , this cluless series of tanmay bhai is so easy to understand , it is really preparing youngsters to gain knowledge on such an important part of one's life ,
Thanks Tanmay, just started earning, and somebody told me that I have to pay taxes. All of their explanations were too complex but you made it very clear. Thanks
This guy has helped us to understand tax regime easily Honestly as a CA Student I don’t think anyone could have explained it any easier. Thanks Tanmay.
Hehe😂 Dude you already know how our tax professors teach. Tanmay has taken a tip of the needle and explained. Also, it's great for people who have no knowledge about Chapter VI A and deductions. But definately not a CA level trainer
Agar bhai ye cheez school main seekhane lage toh bacche commerce lenge hi nhi aur raha baat Taxation ka toh har colleges main ye subject rehta hai tabhi toh college passouts are also referred as TRP(Tax Return Preparer) as per section 139( which refers to filing of IT returns). Other TRP's include students who have completed their CA/CMA/CS Inter.
I just started working I’m 20 and jokes apart its fun learning from Tanmay Ji!! Please continue thiss pleaseee because i need more help in understanding finance management better
A big fan of Tanmay just because his explanation is very simple. Even a rickshaw wala can understand. Simple uses of words make you more confident towards english as english language or language used in videos are still hawwa for the Indians.
Hi Tanmay, sharing this for information purpose - in Shikha's example, she has one more exemption available under section 80TTA - Upto Rs 10,000 savings bank account interest is exempt. Also, when it comes to investing under 80C, if you want to invest long term, you can invest in PPF as compared to FD as PPF interest is tax exempt but on FD interest you end up paying taxes. Also, the donations that we make to various funds like PM-CARES or Feeding India or various other places, they are also tax exempt to the extent of 50% / 100% of the sum invested (most funds come under 50% where they are not government operated) ALSO, employer's contribution to EPF which is generally included in the CTC of a person will not be considered as part of taxable salary. So if Shikha's CTC is 13 lacs and her employer contributes 80k as EPF, her salary for the purpose of income tax computation will not be 13 but 12.2 lacs. She will also get a professional tax deduction which is around Rs 2400 per year. Hope this helps. :D
Bro could you tell which sections are these ...EPF portion of employer wala & professional deduction wala ..and if you could : phone bill ka kya scene hota hain ?
Few Corrections : Deduction u/s 16(iii) for Professional/Employment Tax is upto 2500 For Donations : Deductions are allowed for 50%/100% or 50%/100% subject to qualifying limit, depending upon the categories.
@7:26 totally wrong! Rebate u/s 87A is of tax amt or 12500 which ever is lower So you never get refund of 12500. Refund can be claimed only if your tax liability is less as compared to TDS/Advance tax deposited
So happy to see ClearTax mentioned here. Itni achi, straightforward website hai ki aaj mann hi kar gaya to pay them. So many other websites will ask you all the questions and fir bolengi ki mail ID do uspe send karenge 🤦
Hey Tanmay ! I am a 10th class student and I love talking and gaining knowledge about finances ... Thankyou for the knowledge. I know I am very young though but I love talking and discussing about money ... Thankyou for guiding me how money works ❤😊
I recently got fond of your videos(the funny ones) all the old aib videos and now I am here Looking at one of the most funniest comedians talking about stocks, mutual funds, finances....I really appreciate the way you explain such vast topics of finance in such a simple way....You are doing a great job sir!!!
I myself am a financial advisor. But the way you explained the thing, i learnt a lot. I have been also watching your other videos about finances. You are doing great great job. It was so much needed. Thanks a lot, Tanmay.
@@abhishekgalve7345 CA ke syllabus me hardcore economics bhi hoti hai kya? Ya sirf accounting, tax law stuff? I mean I am looking forward to bachelor's in economics but am confused if CA prep is the right choice or Indian Economic Services Exam.
@@shikharverma5897 u will get to know abt micro economics in entrance level(FOUNDATION) @50marks i guess.. And at CA inter level u will get to know abt macro economics....@40marks...... If ur intrested in A/c, Tax, Audit,law, Finance then go for CA...
Tax Smart Tips Section 80GG: Rent paid for accommodation - If you do not receive House Rent Allowance (HRA) as part of your salary, or if you are not a salaried employee, only then can you claim this deduction. It is available for the rent paid by the taxpayer for his accommodation in a financial year as per prescribed Limits. You can contribute an additional amount up to Rs. 50,000, to the National Pension Scheme if cash flow permits and claim deduction under Section 80CCD (1B) of the I.T. Act. The section 80E allows you to claim the interest amount being paid on education loan availed for self, children or spouse or the student for whom the individual is the legal guardian. There is no limit on the amount, but the deductions are valid until 8 years from the year of the first interest paid. Section 80U allows deduction of Rs. 75,000 if you are suffering from a disability (40% disability). In case of severe disability (80% disability), the amount of deduction will be Rs. 1,25,000. However, the section covers only the taxpayer but not the dependents. Joint home loan borrowers can claim the maximum tax benefits individually. It means each holder can get a tax rebate of Rs. 1,50,000 for principal repayment under Sec 80C and Rs. 2,00,000 for interest payment under Sec 24. Keep saving taxes on your post-retirement fund by investing into a combination of Tax-saver FD to have liquidity & ELSS to enjoy tax-free higher returns! HUF is a separate entity, and can claim deductions under various Sections of Income Tax. Life insurance surrender value is tax-free, subject to certain conditions. For ULIPs the tax-free redemption period is 5 years while for regular plans the period is 2 years. Debt mutual funds give you an indexation benefit which reduces your tax outgo if you redeem the funds after 36 months. Section 80DDB: Expenses on treatments for specified diseases qualify for deduction from Total Income. The maximum amount of deduction is Rs. 40,000 for patients below 60 years, and Rs. 1,00,000 for senior citizens (Above 60 year of age). This exemption can be availed for treatment of self or dependents. If you are an NRI (Non-Resident Indian), you can claim Income Tax relief granted under provisions of DTAA (Double Taxation Avoidance Agreement) or Section 91 of the Income Tax Act. Section(s) 80QQB and 80RRB of the Income Tax Act, offer relief on royalty income for Authors and from artistic works or patents. Any royalty income from literary work is exempt up to Rs. 3,00,000 under 80QQB, similarly for patents the same exemption is provided under Section 80RRB. Being a salaried employee, you can avail a standard deduction of Rs. 40,000 on your taxes. Indian companies donating an amount to any political party, in any form other than cash, can avail for tax deduction under Section 80GGB. Tax deductions are available on any donations made to political parties in any form other than cash by an individual under Section 80GGC. Expenditure incurred on medical treatment of a dependent disabled relative are subject to tax deduction under Section 80DD. It is limited to Rs. 75,000 for disabled and Rs. 1,25,000 for the severely disabled individual. If you are buying a home for the first time, you can claim income tax deduction on the home loan interest up to Rs. 50,000 per financial year, there are conditions for loan sanction period, value of property etc. You can continue to claim the deduction until you have fully paid your loan. If you make frequent donations to registered charitable organisations or NGO’s, you can claim tax deductions from 10 to 100 percent depending upon the organisation, under Section 80G. Donations made towards rural development and scientific research are eligible for tax deductions under Section 80GGA of the Income Tax Act. You can get relief from capital tax gains under Section 54 of the Income Tax Act. If the proceeds of the house sold are used to purchase another residential property within prescribed time limits, the capital gains are exempted. Any amount received in the form of gift up to Rs. 50,000 is not taxable in the hand of the receiver for a financial year under Section 56 of the Income Tax Act. However, if the amount goes above Rs. 50,000 that the whole received amount is taxable. If you own a hotel or convention centre in specified districts having a world heritage site, you are eligible for tax exemption under Section 80-ID, subject to conditions. If you are in a business of collection and processing of biodegradable waste to generate power or produce biological products than you can gain tax exemptions under Section 80JJA. ULIPs can help you avail significant returns on short-term equity investments while reducing your taxable income by up to Rs. 1,50,000 under section 80C. With ULIPs, your investment returns are safe from the brunt of a short-term capital gain tax. Also, you have an opportunity to maximise your earnings by switching between multiple fund options for as many times as you want in a financial year, during the lock-in period. A registered co-operative society that has income through specific business or activity can claim tax deduction under Section 80P if the income is included in the total gross income of the society. If your annual income is less than Rs. 5,00,000 you can claim tax rebate under Section 87 A of the Income Tax Act. However, the rebate amount is only available for an individual assessee not to HUFs.
Bc flat 20% above 10lakh income krdo naa itni complexity kyu? Vaise bhi top 1/5 of the taxpayer contribute 80% of tax income of government. So why are they teasing the middle class
Tanmay bhai I am a CA Final Student. You are giving the best knowledge for everyone as what are you teaching is not known to almost half population of India Tanmay Bhat OP
Much better than simple hahaha huhu huhu that you used to do earlier 🙂 That's awesome to do but with kaam ki baat... your reach is so high that you'll change lives
Everything was perfect just a small clarification regarding 87A rebate. In the text, it was correct but in explanation it was slight incorrect. No refund is given due to 87A rebate
Tanmay's CA be like: Bol vo rahe hai but shabd hamare hai...
Bhaii😂😂😂😂
😂
Bhauuui☝️😋😀😀
Op 🤣🤣
🤣🤣🤣🤣
Honestly I've been so grateful to Tanmay for teaching such topics in a fun way..... Topics crucial for life which school never taught lmao
Its taught in 10th class actually.
@@AshishRanjan-rn8cr kidhar be
May be you used to skip classes back then 😂😂
@@neilpanasare4144 Mostly ICSE syllabus because a lot of state syllabus' don't teach and I'm not sure of CBSE but there's a course on taxes in ICSE in 10th.
Yesss...it was part of 10th maths..
taking PCM and learning economics and commerce😂😂 with Tanmay bhat
Same 😂
All the best for JEE.
.
.
Am preparing too.
Btw this is finance not economy 😂
Meh too yaar😂
Same
I am just 16 years old but just watch this for learning and also tell my father to watch thnx tanmay HATS OFF TO YOU ♥️
Same
even i want to recommend it to my father . But the comments like *Jhango ke peeche ka Massa* stops me .
bhai CA kar le na
bro.. start investing. sochna mat... thoda sa bhiii. 2 saal baad se hi regret hona suru ho jayega if u dont start today.
Same bro.
"Tax jo hai wo mere Jangho ke peche ek Massa hai" - Tanmay Bhat 2021
Tanmay's IQ on tanmay bhat-noob
Tanmay's IQ on honesty- all asia conquer no. 1 elon musk jeff Bezos Warren Buffett
🤣👍Arey Bhai Bhai.....
Bhai😂🤣🤣🤣🤣🤣
You forgot no. 1 🤣🤣😂🤣
Bill gates- why do i exist
A comedian taught me more about finance than I learnt in my entire school life.
True
Did you learn anything about finance in your school at all? Cause i didn't and mai science wala tha
School me toh aaj tak finance ka f bhi nhi btaya
School College education is only about marks and nothing else
You need not to learn about taxation in school
Tanmay had so much income last year , that he has to learn all the things....
Thanks for commenting,I will refer you to trade analyst and, accountant to make good income ,go more on digital asset's
W / H / A / T / S / A / P / P
+ / 1/6/3/6/2/4/3/4/6/6/3
I usually never comment on TH-cam videos. However, I just wanted to appreciate you Tanmay for coming out with this channel and such helpful videos in an easy to understand format. Also, I have been a fan since your AIB days. All the best!!
After taking over the job of chefs, vloggers, gamers he's now taking over my job😭
Nice
You better start vlogging and find a dog(for content) just to return the favor
aap bhi streamer He kya ?? ya CA?? Kaunsi job ke baare mein baat kar rahe hain
@@kamalyashwanth5043 CA😭
@@iamdigitalanmol Hahaha not a bad idea
me who took 3 CA attempts to clear Income tax paper just to file other people's return just because syllabus pura nhi hua: Tanmay is a genius.
final clear ho gya?🤣🤣
@@chiranjivbhardwaj9023 Nhi bhai agle saal ka attempt hai
@@sanyamsinghal4080 Bhai hua kya clear ?
did u clear bro?
@@cyrlllzz__ed @jaysinghh_ yes brother cleared final. 1st attempt 😊
I’m 15 years old and learn a lot from you more than we could have learnt from the school just an appreciation comment for you
same bro
Kya samjhaya hai yar Bhatt bhai ne...sidha dimag mai bethgaya yaarrr🔥🔥🔥...books padhke ye sab bhul jata mai to😂
Bro tera videos educational purposes keliye use hona chaiye...in schools and colleges as an example/ informative videos
@Honestly by Tanmay Bhat matlab?
Bhai whatsapp no hai aapka?
Truecaller mai decode karneka try kiya par hua nahi...thoda easy karo na usko
@Honestly by Tanmay Bhat 9324411541 mera number hai
Whatsapp pe hi kardo bass
Dream 11 ka team discuss karnege😂
bhai such a selfless person, he is just taking his time and making us save more.... Bhaiya luv you 3000
He is not only a selfless person.. but also a smart entrepreneur.. he's making money from teaching you this.. and I'm not saying it in a negative way.. instead it's an appreciation text.. tanmay is smart
@@nehal5418 good one
@@nehal5418 you copied me
CA Final Income Tax revision lecture 😂
BB sir got a competition
🤣🤣
@@piyushbhandari1599 🤣🤣
@@piyushbhandari1599 hahahah!
Abhi international tax ki revision class dekhi 🤣🤣
I'm a CA aspirant & i have to say everything was on point not too much not too less it was just perfect...more power for helping people to understand the importance of Financial literacy
"aapki naukri khatre me hai lol"
Thankyou tanmay bhai. 4 saal ki engineering me kuch bhi yeh sab kabhi bhi nahi sikha tha. Boht sukriya.
We want a second part with title how to save taxes illigaly
IT department want to know your locstion
Underrated 😂😂😂😂😂
The Funny this is you need a part for that
If you want an indirect advice,run it via business or profession income ,if you can, cause in that you can claim much more deductions, than any other source of income...
im just 18 but truly , this cluless series of tanmay bhai is so easy to understand , it is really preparing youngsters to gain knowledge on such an important part of one's life ,
As a teenager, getting to know many new things here. Thanks Tanmay bhai.
Ye Comment TH-cam Algorithm ke liye because Tanmay is working hard
Seen many videos on finance by now but not like these you make. Never Imagined you would be making finance videos. Loving it........!
Thanks Tanmay, just started earning, and somebody told me that I have to pay taxes. All of their explanations were too complex but you made it very clear. Thanks
This guy has helped us to understand tax regime easily
Honestly as a CA Student I don’t think anyone could have explained it any easier. Thanks Tanmay.
Hehe😂
Dude you already know how our tax professors teach.
Tanmay has taken a tip of the needle and explained.
Also, it's great for people who have no knowledge about Chapter VI A and deductions.
But definately not a CA level trainer
True dude
bro tumara contact number bhejo na
⚠️ *This should be a mandatory part in school/College syllabus* ❤️❤️❤️
Agar bhai ye cheez school main seekhane lage toh bacche commerce lenge hi nhi aur raha baat Taxation ka toh har colleges main ye subject rehta hai tabhi toh college passouts are also referred as TRP(Tax Return Preparer) as per section 139( which refers to filing of IT returns).
Other TRP's include students who have completed their CA/CMA/CS Inter.
If tanmay would be my school teacher then definitely my parents will see me as a topper 100%
No wonder why you are schooler
I just started working I’m 20 and jokes apart its fun learning from Tanmay Ji!! Please continue thiss pleaseee because i need more help in understanding finance management better
A big fan of Tanmay just because his explanation is very simple. Even a rickshaw wala can understand. Simple uses of words make you more confident towards english as english language or language used in videos are still hawwa for the Indians.
As a accounts and tax professional, I can vouch that Only Tanmay bhat can make such complicated topics seem easy. Kudos to you and your team.
If I ever become a millionaire in life someday
50% of its credit would go to Tannu bhaiyya
❤❤
😂❤️
You will become millionaire but at that time it won't be that big thing because of inflation.
@@HonestlybyTanmayBhat *Commission
@@HonestlybyTanmayBhat 😂 ye badiya tha guru
@@HonestlybyTanmayBhat TDS on Commission under section 194H.
Hi Tanmay, sharing this for information purpose - in Shikha's example, she has one more exemption available under section 80TTA - Upto Rs 10,000 savings bank account interest is exempt.
Also, when it comes to investing under 80C, if you want to invest long term, you can invest in PPF as compared to FD as PPF interest is tax exempt but on FD interest you end up paying taxes.
Also, the donations that we make to various funds like PM-CARES or Feeding India or various other places, they are also tax exempt to the extent of 50% / 100% of the sum invested (most funds come under 50% where they are not government operated)
ALSO, employer's contribution to EPF which is generally included in the CTC of a person will not be considered as part of taxable salary. So if Shikha's CTC is 13 lacs and her employer contributes 80k as EPF, her salary for the purpose of income tax computation will not be 13 but 12.2 lacs. She will also get a professional tax deduction which is around Rs 2400 per year.
Hope this helps. :D
Bro could you tell which sections are these ...EPF portion of employer wala & professional deduction wala ..and if you could : phone bill ka kya scene hota hain ?
What is CTC?
@@vat6sal 80CCD
Few Corrections :
Deduction u/s 16(iii) for Professional/Employment Tax is upto 2500
For Donations : Deductions are allowed for 50%/100% or 50%/100% subject to qualifying limit, depending upon the categories.
@@AreteCodezz Cost To Company
Learnt more about taxes in 12 mins than ever did.
@7:26 totally wrong!
Rebate u/s 87A is of tax amt or 12500 which ever is lower
So you never get refund of 12500.
Refund can be claimed only if your tax liability is less as compared to TDS/Advance tax deposited
This man has really been a very good mentor and is really explaining us like an older brother. Thank you Tanmay❤
So happy to see ClearTax mentioned here. Itni achi, straightforward website hai ki aaj mann hi kar gaya to pay them. So many other websites will ask you all the questions and fir bolengi ki mail ID do uspe send karenge 🤦
heyy Tanmay,
Learning 'bout finance being a sci student is greatt.
Thank you so much man! ✌🏽❤️
You r not alone😎
I'll tell u wht , even my commerce mates won't be knowing any of this ...I'm so sure about it😆all they talk about is balancing some sheets
@@prayagvijayan6302 hahaha, yess, i've listened that
Yeah real learning lie in self learning today's education system is to old and not good
Hey Tanmay ! I am a 10th class student and I love talking and gaining knowledge about finances ... Thankyou for the knowledge. I know I am very young though but I love talking and discussing about money ... Thankyou for guiding me how money works ❤😊
I recently got fond of your videos(the funny ones) all the old aib videos and now I am here Looking at one of the most funniest comedians talking about stocks, mutual funds, finances....I really appreciate the way you explain such vast topics of finance in such a simple way....You are doing a great job sir!!!
I myself am a financial advisor. But the way you explained the thing, i learnt a lot. I have been also watching your other videos about finances. You are doing great great job. It was so much needed. Thanks a lot, Tanmay.
Teenager like me are thankful to Tanmay Sir! TH-cam dekhne ke fayde is watching This channel!
CA be like - CHILA CHILA KAR SABKO SCHEME BATA DE 🤣🤣🤣😆
I am doing CA its just a 0.00001 % of our syllabus
Exactly dude. As a CA student, I am jealous that every one is learning about it without actually going through our pain 😂
@@satyamkasotiya6211 Yes xD their knowledge is restricted to just exemptions and deductions
@@abhishekgalve7345 CA ke syllabus me hardcore economics bhi hoti hai kya? Ya sirf accounting, tax law stuff? I mean I am looking forward to bachelor's in economics but am confused if CA prep is the right choice or Indian Economic Services Exam.
@@shikharverma5897 u will get to know abt micro economics in entrance level(FOUNDATION) @50marks i guess..
And at CA inter level u will get to know abt macro economics....@40marks......
If ur intrested in A/c, Tax, Audit,law, Finance then go for CA...
I would like to request Anshuman to run a discussion channel where finance enthusiasts can share and discuss their views too!
Discord.
we're just grateful for you explaining these necessary topics in detail mann!
Tax Smart Tips
Section 80GG: Rent paid for accommodation - If you do not receive House Rent Allowance (HRA) as part of your salary, or if you are not a salaried employee, only then can you claim this deduction. It is available for the rent paid by the taxpayer for his accommodation in a financial year as per prescribed Limits.
You can contribute an additional amount up to Rs. 50,000, to the National Pension Scheme if cash flow permits and claim deduction under Section 80CCD (1B) of the I.T. Act.
The section 80E allows you to claim the interest amount being paid on education loan availed for self, children or spouse or the student for whom the individual is the legal guardian. There is no limit on the amount, but the deductions are valid until 8 years from the year of the first interest paid.
Section 80U allows deduction of Rs. 75,000 if you are suffering from a disability (40% disability). In case of severe disability (80% disability), the amount of deduction will be Rs. 1,25,000. However, the section covers only the taxpayer but not the dependents.
Joint home loan borrowers can claim the maximum tax benefits individually. It means each holder can get a tax rebate of Rs. 1,50,000 for principal repayment under Sec 80C and Rs. 2,00,000 for interest payment under Sec 24.
Keep saving taxes on your post-retirement fund by investing into a combination of Tax-saver FD to have liquidity & ELSS to enjoy tax-free higher returns!
HUF is a separate entity, and can claim deductions under various Sections of Income Tax.
Life insurance surrender value is tax-free, subject to certain conditions. For ULIPs the tax-free redemption period is 5 years while for regular plans the period is 2 years.
Debt mutual funds give you an indexation benefit which reduces your tax outgo if you redeem the funds after 36 months.
Section 80DDB: Expenses on treatments for specified diseases qualify for deduction from Total Income. The maximum amount of deduction is Rs. 40,000 for patients below 60 years, and Rs. 1,00,000 for senior citizens (Above 60 year of age). This exemption can be availed for treatment of self or dependents.
If you are an NRI (Non-Resident Indian), you can claim Income Tax relief granted under provisions of DTAA (Double Taxation Avoidance Agreement) or Section 91 of the Income Tax Act.
Section(s) 80QQB and 80RRB of the Income Tax Act, offer relief on royalty income for Authors and from artistic works or patents. Any royalty income from literary work is exempt up to Rs. 3,00,000 under 80QQB, similarly for patents the same exemption is provided under Section 80RRB.
Being a salaried employee, you can avail a standard deduction of Rs. 40,000 on your taxes.
Indian companies donating an amount to any political party, in any form other than cash, can avail for tax deduction under Section 80GGB.
Tax deductions are available on any donations made to political parties in any form other than cash by an individual under Section 80GGC.
Expenditure incurred on medical treatment of a dependent disabled relative are subject to tax deduction under Section 80DD. It is limited to Rs. 75,000 for disabled and Rs. 1,25,000 for the severely disabled individual.
If you are buying a home for the first time, you can claim income tax deduction on the home loan interest up to Rs. 50,000 per financial year, there are conditions for loan sanction period, value of property etc. You can continue to claim the deduction until you have fully paid your loan.
If you make frequent donations to registered charitable organisations or NGO’s, you can claim tax deductions from 10 to 100 percent depending upon the organisation, under Section 80G.
Donations made towards rural development and scientific research are eligible for tax deductions under Section 80GGA of the Income Tax Act.
You can get relief from capital tax gains under Section 54 of the Income Tax Act. If the proceeds of the house sold are used to purchase another residential property within prescribed time limits, the capital gains are exempted.
Any amount received in the form of gift up to Rs. 50,000 is not taxable in the hand of the receiver for a financial year under Section 56 of the Income Tax Act. However, if the amount goes above Rs. 50,000 that the whole received amount is taxable.
If you own a hotel or convention centre in specified districts having a world heritage site, you are eligible for tax exemption under Section 80-ID, subject to conditions.
If you are in a business of collection and processing of biodegradable waste to generate power or produce biological products than you can gain tax exemptions under Section 80JJA.
ULIPs can help you avail significant returns on short-term equity investments while reducing your taxable income by up to Rs. 1,50,000 under section 80C. With ULIPs, your investment returns are safe from the brunt of a short-term capital gain tax. Also, you have an opportunity to maximise your earnings by switching between multiple fund options for as many times as you want in a financial year, during the lock-in period.
A registered co-operative society that has income through specific business or activity can claim tax deduction under Section 80P if the income is included in the total gross income of the society.
If your annual income is less than Rs. 5,00,000 you can claim tax rebate under Section 87 A of the Income Tax Act. However, the rebate amount is only available for an individual assessee not to HUFs.
🙂
Bc flat 20% above 10lakh income krdo naa itni complexity kyu?
Vaise bhi top 1/5 of the taxpayer contribute 80% of tax income of government. So why are they teasing the middle class
tum ca ho
Abhi and niyu be like: Job risk main hai boss😂
I have been paying taxes for the last 3 years, only now I understood why my 30% calculation is more than my total TDS amount is.
me at 17 years of age : wow itna paisa bacha sakte hai...........
my dad : abbe saale paisa kaise banate hai wo to sekkh le...........
good one dad!!
😂😂
Tanmay giving gyaan on Tax !! 🔥🔥🔥 Bahut sahi 👍👍👍
Better than the other channel. Good Stuff
I laughed so hard when you said .... " The govt. needs money for highway, dam, hospital, airport, 'CORRUPTION'..." as if it's one of them....
Fake Account Alert!
It's one of them....for government 😂
You should also mention "Your Chartered Accountant" in "Other Tax Calculators"
Tax is simple until It's in Tanmay's videos and not ICAI syllabus
Exactly
Thanks for another great lesson Tanmay!
Ohhh bhaiii thanks alot. I looked allover the you tube for tax vlog. You explained it very clearly. Again thanks alot bro...
CA's be like - Ha yeh dekhlo pehle 🙄😂
The "legally" in the title hints that soon you'll come up with part 2 talking bout illegal ones
My parents don't understand these things. So now i can explain them. Thank u Tanmay
They understand bt not the digital way of E filing
This is real knowledge without any propaganda 💯😭....
Thankyou Tanmay, Don't stop👍
Yes paying tax is like taking subscription and childhood is free trial
I see Tanmay opening his own college in the upcoming few years jaha log marr rahe honge admission ke liye😂😂❤❤❤
From random aib bakchodi to taxes... Wow this guy has really grown ❤️
Tanmay being a comedian was good, but he speaking abt finance is even better. ❤️
FACTS
Literal GOLDEN knowledge, Dhanyavad!
Someone finally teaching some important stuff ....thanks a lot!!
25 din paisa double scheme toh😂
I THOUGHT THE SECOND QUESTION WAS " IS THE GOVERNMENT FUNCTIONNG PROPERLY?"🤣🤣🤣😆
gov ke bare mei randi rona nehi kar pa rahe toh bahut dukh ho raha hoga 😂
Me after becoming CA: Ye kis line mei aa gaye tannu bhaiya.. Kyu gareeb k pet pe laat maar rahe.. 😝
Same pinch😂😂🤦♂️
Tanmay bhai
I am a CA Final Student.
You are giving the best knowledge for everyone as what are you teaching is not known to almost half population of India
Tanmay Bhat OP
Tanmay sir u reaching new hights
Ye bohot zaruri topics hai YouTh ke liye aur apane ye bohot achhe se samjha re ho bohot he mast tarike se❤️❤️❤️
These videos are much better and informative than your reaction videos. Keep it up Tanmay
Now I can fill my own tax returns with confidence, high time to say -" Aaj main bharke aaya !" Great content Tanmay
5:28 not 30,000 it is 3,00,000
8:48 - "Good for shikha" by Chat
In case you missed it.
thank you for this information! please keep taking out more such videos and keep us mere clueless mortals more informed! GREAT JOB!!!
I really want a teacher like you sir .❤❤
Modi ji would be like: Areeee bete moj kardi...areee bete,..tum toh bade heavy tax payer ho!
This dude it too funny , too cute and too talented and we don't deserve him
I am 15 currently and I already know soo much just by watching your channel skskskss thanks
you have only scratched the surface .....
@@Aryan-ur4nz true that 😂
@@Aryan-ur4nz much more than average 15 y/o
@@Reyhan_xd i am 16....
@@yashawachar8331 wow. U so toxic
Thanks!
Bhai sabh akkha TH-cam pr itne acche koi nahi samjhaya mereko. Kadak hai bawa❤️
1:20 He literally said "Govt. Ke kharche Income se kam hai to Debt to Lena padega"😂🤦🏻♂️ actually it's vice-a-versa
😂😂🤣
Tanmay - I'll be posting link in Description to calculate your Taxes
Me - Who does not find a Single Link except for Sponsor
Second line bruh
Look again
It was not there He added it later
5:18 thank you for this. Until now I used to think that it the percentage of amount you earn. I am 18yo but never got to learn these things. 🥺
exactly that was the most important point even i dint know that
Much better than simple hahaha huhu huhu that you used to do earlier 🙂 That's awesome to do but with kaam ki baat... your reach is so high that you'll change lives
our big brother always there for us..
Me as 18 years kid ... Income is 0 but watching how to pay tax 😂 but I learnt a lot ....
CA's be like - dandh band karvyaga kya??😂😂
itna aasan nahi hai re choteee
@@SuburbanSurfer just kidding . Pata hai bro . Meri abhi articleship chal rhi hai . May 2022 me ca final dunga. Ca inter me air 38 aaya tha😎😎
@@abhishekshah4989 je baat. insta id dena bhai. lets connect
@@SuburbanSurfer i don't use insta .
😅
Petrol Prices Are Rising
Gold Prices Are Rising
Age Is Rising
Honestly:
Wrong Section
Arey wahh🔥🔥❤️❤️❤️ good going Tanmay ji👍🏼
You are a good comedian but you are a great financial tutor. Waiting for other finance related videos
*Here's an early comment stating other than " F I R S T"*
How?
There is an FIR in your comment ! Just saying
CA students be like "chal chal apne baap ko mat sikha"😁
Exactly
There’s much more to this 😂😂
I know right 🤣🤣🤣🤣😅😅😆😆😁😁
Lolololollololol taxation aisa hota toh maza hi aata
Hahahah! True that!
He just talked about ITR 1😂wave is coming
This channel is gold .more people should watch this channel ..thanks Tanmay for so much info🔥🔥
Got a good understanding of taxes before even starting to work. Thanks, Tanmay!
Everything was perfect just a small clarification regarding 87A rebate. In the text, it was correct but in explanation it was slight incorrect. No refund is given due to 87A rebate
Too good, Tanmay! Keep up the good work
Thank you so much bhai, i have my tax exams after a week, this was like a short revision for me, thank you so much❤️
Maan damnn nobody would've able to explain in such simple and detailed manner❤️❤️😍
Great Tanmay 😊👍🏼 so much of scary info disseminated with so muchh fun 😀 great delivery
Nice to see your just not making us laugh but also giving real life knowledge which is actually help us thank you man 👍
Explained in the best way possible!