Complete Income Tax Calculation for AY 2023 24

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  • เผยแพร่เมื่อ 15 ต.ค. 2024
  • In this informative video, we will walk you through the step-by-step process of calculating your income tax for the Assessment Year 2023-24. Whether you're a salaried individual, self-employed professional, or a business owner, understanding how to compute your income tax is crucial to ensure compliance with the tax laws and optimize your tax liability.
    We will cover various aspects of income tax calculation, including determining your total income, allowable deductions, applicable tax slabs, and exemptions for AY 2023-24. Additionally, we will delve into the nuances of income tax computation for loans, such as home loans, education loans, and personal loans, and how they impact your tax liability.
    Our expert guidance will simplify the complex process of income tax computation, making it easy to understand and implement. Stay updated with the latest tax rules and regulations to ensure accurate and efficient tax planning. Don't miss out on maximizing your tax savings and minimizing your tax burden. Watch our comprehensive video now and become proficient in calculating your income tax for AY 2023-24!
    Don't forget to like, comment, and subscribe to our channel for more informative videos on personal finance and taxation.
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    Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of TH-cam videos.
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    Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
    ©️Fintaxpro Advisory LLP
    This video will guide you on below topics
    Income Tax Return Filing
    Taxable Income Calculation
    Income Tax Deductions
    Tax Exemptions for AY 2023-24
    Income Tax Slabs and Rates
    Computation of Taxable Income
    Taxable Income Components
    Tax Saving Investments
    Income Tax Planning Tips
    Tax Calculation Examples
    Income Tax Filing Requirements
    Income Tax Forms and Documents
    Income Tax Software Tools
    Common Mistakes in Tax Calculation
    Income Tax Compliance Tips
    Latest Tax Updates for AY 2023-24
    Income Tax for Self-Employed Individuals
    Income Tax for Salaried Employees
    Income Tax for Business Owners

ความคิดเห็น • 105

  • @sachingaur6632
    @sachingaur6632 5 หลายเดือนก่อน

    Very well explained

  • @pankajsarkar5943
    @pankajsarkar5943 ปีที่แล้ว

    great session i damn like this big season....gather a lot knowledge :)

  • @zarif_23
    @zarif_23 ปีที่แล้ว

    Thank you very much for the valuable information

  • @FinTaxPro
    @FinTaxPro  ปีที่แล้ว +1

    Good Evening everyone

    • @kunchapugovardhan8254
      @kunchapugovardhan8254 ปีที่แล้ว

      Hi bro but tds amount deducted in the month of jan feb March not updated in form 26 as right then if we file ITR can we get full refund

    • @nirajjha3334
      @nirajjha3334 ปีที่แล้ว

      You should wait until the amount of tds gets updated in form 26AS otherwise you will get outstanding demand notice instead of refund.

  • @sadanhasan5427
    @sadanhasan5427 ปีที่แล้ว +1

    Sir course me stock audit Report ko bhi shamil kro jese

  • @sitalguchait3102
    @sitalguchait3102 ปีที่แล้ว +1

    excellent lecture Sir.

  • @nileshbhilare1511
    @nileshbhilare1511 ปีที่แล้ว +21

    Sir all courses mix karke ek combo banao all courses...gst, tds, income tax, accounting final , balance sheet and p and l, excel , final adjustment, gst ITC claim or unclaimed entries etc ...but in reasonable price middle class type logo ke liye 🙏

    • @nishantchoudhary3487
      @nishantchoudhary3487 ปีที่แล้ว

      Sir ji reply kijiye plz

    • @m.k.dfunt.v5886
      @m.k.dfunt.v5886 ปีที่แล้ว

      ​@@nishantchoudhary3487t 12I😮😢0q
      2a😊k8⁰kmo

    • @sohanlala2223
      @sohanlala2223 ปีที่แล้ว

      Bhai agar vo esa kar dege to unka to phir kam hi khatam ho jayega

    • @quanttools3302
      @quanttools3302 ปีที่แล้ว

      C.A. Kar le bhai

    • @akashthakur6239
      @akashthakur6239 5 หลายเดือนก่อน

      Shi kha bilkul one short video bna dijiye sr chahe 10 hour ki kyu na ho aise mai bilkul ache se smjh aayega sabko🙏

  • @jaynandangiri4401
    @jaynandangiri4401 ปีที่แล้ว

    Good Evening Sir

  • @dudhwalaabdul6959
    @dudhwalaabdul6959 ปีที่แล้ว

    Awesome video all Bro

  • @RajuBhai-go6cd
    @RajuBhai-go6cd ปีที่แล้ว

    Sir aap CMA course ka class karte hai kya?

  • @krishnakumar-co6hq
    @krishnakumar-co6hq ปีที่แล้ว

    Sir tally software purchase Kiya hai toh eska treatment kaise hoga

  • @sadanhasan5427
    @sadanhasan5427 ปีที่แล้ว +1

    Audit Report kis tarha banay

  • @jyotirajput5809
    @jyotirajput5809 ปีที่แล้ว

    Nice Explanation Thanks Sir

  • @sadanhasan5427
    @sadanhasan5427 ปีที่แล้ว +1

    Internal audit Report

  • @SUMITMODI-t5w
    @SUMITMODI-t5w ปีที่แล้ว

    SIR YE COMPUTATION KI SHEET EXCEL MIL SAKTI HAI KYA

  • @neerajsaini2364
    @neerajsaini2364 ปีที่แล้ว

    Super explanation 🎉

  • @siddharthasthana5009
    @siddharthasthana5009 ปีที่แล้ว

    SIR, TDS, ITR & GST KA COMBO COURSE RATE KYA HAI

  • @shyambirsingh5616
    @shyambirsingh5616 ปีที่แล้ว

    Very nice session. Sir how I can subscribe news letter

  • @mohinlaskar4200
    @mohinlaskar4200 ปีที่แล้ว

    Sir Northeast ST cast ke log hai unhe exemption milta hai salary pe form 13 pe unka return file pe kaha pe dikana hai exemption income but wo salary income hai

  • @nagendrathakur2974
    @nagendrathakur2974 ปีที่แล้ว

    Whether MF units purchase through SIP are come under capital gains. Please elaborate

  • @raigroup2160
    @raigroup2160 ปีที่แล้ว

    Contact pe income ko kis head me rakhe ???

  • @anandpatole883
    @anandpatole883 ปีที่แล้ว +1

    What is the limit of agriculture income F.Y2023-24 & Dividend is liable as Income.

    • @aaayusharmaa
      @aaayusharmaa ปีที่แล้ว

      Dividend income is taxable as per slab.
      Agriculture income is exempt without any limit.

    • @anandpatole883
      @anandpatole883 ปีที่แล้ว

      If I received in agriculture income 25Lakh than also?

    • @aaayusharmaa
      @aaayusharmaa ปีที่แล้ว

      @@anandpatole883 Yes agriculture income is exempt in India that means no tax. But condition is agriculture land should be in Indian only.

  • @rishabhgamingyt360
    @rishabhgamingyt360 ปีที่แล้ว

    I had start a business in FY 2022-23 and turnover is 90 lakh & Net Profit is 5 lakhs. in this case audit is mandatory or not ?

    • @samyakjain2720
      @samyakjain2720 ปีที่แล้ว

      yes, audit will be required as you are claiming profit less than 8% of your turnover(Assuming cash business) moreover you will not be able to opt for presumptive tax scheme for the next 5 years

    • @rishabhgamingyt360
      @rishabhgamingyt360 ปีที่แล้ว

      @@samyakjain2720 Audit konse section ke under hogi

    • @samyakjain2720
      @samyakjain2720 ปีที่แล้ว

      @@rishabhgamingyt360 44AD

  • @krishnakumar-co6hq
    @krishnakumar-co6hq ปีที่แล้ว

    Building construction company ki accounting kaise hoti hai agar vedios hai please share kr dijiye sir.

  • @safstrolls
    @safstrolls ปีที่แล้ว

    Your class very nice ..but Can u pl present in english. Its better for all

  • @specialone123
    @specialone123 ปีที่แล้ว

    Good evening sir

  • @BHAUSAHEBBHISE-o7j
    @BHAUSAHEBBHISE-o7j ปีที่แล้ว

    Income tax will be charged on Total income sir.

  • @jyotirajput5809
    @jyotirajput5809 ปีที่แล้ว

    sir Tax audit Course kab La Rahe he ?

  • @ghoshsubrata1
    @ghoshsubrata1 ปีที่แล้ว

    Rebate u/s 87A allowed on Total Income after deduction under Chapter six A

  • @RaviGupta-ge1jp
    @RaviGupta-ge1jp ปีที่แล้ว

    Which tax regime will be better if your only source of income is capital gains from investments? Also if your only source of income is capital gains from investments managed by you and you have no salary of business income, then can you switch back and forth between old and new regimes?

  • @rupakdutta8539
    @rupakdutta8539 ปีที่แล้ว

    Maza aagaya sir

  • @RAJUKUMAR-nt8vk
    @RAJUKUMAR-nt8vk ปีที่แล้ว

    Sir gst adjustment ki entry in tally prime par ek video bnao

  • @editorapaul
    @editorapaul ปีที่แล้ว +5

    Dear Sir,
    I have a business income and filed ITR-4 last year. However, this year I am unsure whether to file ITR-3 or ITR-4 as my AIS SFT information shows a transaction of ₹2,020 for the Sale of Unit of Equity Oriented Mutual Fund. Only one share market transaction was made, resulting in a profit of ₹54. Do I need to file ITR-3? Kindly advise.

    • @anubhavchanana9178
      @anubhavchanana9178 ปีที่แล้ว

      Itr 3 mai to intra day show hoti hai,itr 4 mai to mutual funds ki income show karr hi sakte hai

    • @aaayusharmaa
      @aaayusharmaa ปีที่แล้ว

      You can file ITR 4 still.

    • @FinTaxPro
      @FinTaxPro  ปีที่แล้ว

      Yes ITR 3

    • @editorapaul
      @editorapaul ปีที่แล้ว

      @@FinTaxPro Sir, will there be any issue in filing ITR-3 for such a small share market transaction? Can the presumptive scheme be opted for in ITR-3?

    • @apurvner2454
      @apurvner2454 ปีที่แล้ว

      @@editorapaul yes you can do it by mentioning your figures in no account case and shares and mutual fund transaction in capital gain section if you have

  • @surendrarathi2588
    @surendrarathi2588 ปีที่แล้ว

    How to Down Load 10 BB form

  • @ranimaheshwari8400
    @ranimaheshwari8400 ปีที่แล้ว

    Sir How to subvention income par Gst Books Me Intri

  • @senguptahere6714
    @senguptahere6714 ปีที่แล้ว

    Sir, Mera income Jyada hai but AIS TIS me kam dikha rahe hai...kya kare??????

    • @apurvner2454
      @apurvner2454 ปีที่แล้ว

      Show your actual income

  • @rahulpatil-mx4br
    @rahulpatil-mx4br ปีที่แล้ว

    Sir muje new gst reg me query aahi profesional tax details requerd to kya reply karu

    • @apurvner2454
      @apurvner2454 ปีที่แล้ว

      Now it is mandatory so first issue PT number then apply for GST no

  • @nareshgohel1806
    @nareshgohel1806 ปีที่แล้ว

    Nice lecture, too good 👍👌🙏🤗

  • @harshitsingh9252
    @harshitsingh9252 ปีที่แล้ว

    if my net taxble income is 501000 how much tax i will pay

  • @dipakkumarpradhan4011
    @dipakkumarpradhan4011 ปีที่แล้ว

    want to buy gst it tds course

  • @HKHAssociates
    @HKHAssociates ปีที่แล้ว

    Sir Deduction ke Baad Vali

  • @Abhinavsrivastav210
    @Abhinavsrivastav210 ปีที่แล้ว

    Deduction ke baad vali sir jo income hoti h

  • @deepalimhaske7916
    @deepalimhaske7916 ปีที่แล้ว

    Total income

  • @rujutamehta8516
    @rujutamehta8516 ปีที่แล้ว

    Total Income is after deduction i.e. Net Total Income

  • @rbntutorial2593
    @rbntutorial2593 ปีที่แล้ว

    Deduction ke baad wale income per

  • @ramjeetchauhan7913
    @ramjeetchauhan7913 ปีที่แล้ว

    I have one question for incometax calculation

  • @sameerlal6844
    @sameerlal6844 ปีที่แล้ว +1

    Gross Total - Total Deduction (-) = Total Income 87A

  • @gursewaksingh7570
    @gursewaksingh7570 ปีที่แล้ว

    HRA ka computation btaye

  • @sanjayjha226
    @sanjayjha226 ปีที่แล้ว

    Deduction ke badd Total Income per U/s 87A Rebate milta hai

  • @Whinchan2
    @Whinchan2 7 หลายเดือนก่อน

    46:17

  • @nagendrathakur2974
    @nagendrathakur2974 ปีที่แล้ว

    Capital gain per detail me bataye

  • @ronitamukherjee6962
    @ronitamukherjee6962 ปีที่แล้ว

    Rebate will be on Gross total Income.

  • @gabbarsingh6562
    @gabbarsingh6562 ปีที่แล้ว

    26:59

  • @Abhinavsrivastav210
    @Abhinavsrivastav210 ปีที่แล้ว

    Sir ye format share kr dijiye please

  • @Abhinavsrivastav210
    @Abhinavsrivastav210 ปีที่แล้ว

    Mai har Ek video dekhta hu sir

  • @fragrenceful
    @fragrenceful ปีที่แล้ว

    Can you create Excel sheet for complete calculation of TDS deduction as per company salary paying and TDS deduction amount arrived different amount of TDS deduction every month and deduction of spot tax on certain amount, so how this arrived?so please create complete calculation for FY 2022-23, please make this sheet asap thanks

  • @Pranjalrai101
    @Pranjalrai101 ปีที่แล้ว

    please share the excel file its not available in telegram channel

  • @AlwaysSmileWithGood
    @AlwaysSmileWithGood ปีที่แล้ว

    87A Is working on Total Income

  • @souviksahoo6375
    @souviksahoo6375 ปีที่แล้ว

    Plzzz share itr calculation hand written notes ish video ka

  • @a.t.videos4512
    @a.t.videos4512 ปีที่แล้ว

    87A on Total Income

    • @apurvner2454
      @apurvner2454 ปีที่แล้ว

      Yes for individual applicable

  • @souvik93
    @souvik93 ปีที่แล้ว

    Computation of Tax 33:00

  • @mokshavora4029
    @mokshavora4029 ปีที่แล้ว

    total inc

  • @ramjeetchauhan7913
    @ramjeetchauhan7913 ปีที่แล้ว

    Hello sir

  • @anjalisuzuki6347
    @anjalisuzuki6347 ปีที่แล้ว

    🙏

  • @sumitnagapure9762
    @sumitnagapure9762 ปีที่แล้ว

    Deduction ke bad wali total income

  • @akashkumartechnicalboys5104
    @akashkumartechnicalboys5104 ปีที่แล้ว +1

    ribate se pahle ki income ko total income bolte h

  • @siddharthasthana5009
    @siddharthasthana5009 ปีที่แล้ว

    LESS KE BAAD WALI INCOME

  • @surendrarathi2588
    @surendrarathi2588 ปีที่แล้ว

    5 lacs on TI

  • @surendrarathi2588
    @surendrarathi2588 ปีที่แล้ว

    5 lacs

  • @dusyantchandravanshi8658
    @dusyantchandravanshi8658 ปีที่แล้ว

    Deduction karke total income

  • @ratansingh9838
    @ratansingh9838 ปีที่แล้ว

    डैटेशन के बाद

  • @souviksahoo6375
    @souviksahoo6375 ปีที่แล้ว

    Hand written notes plzz share

  • @ashokpachori6010
    @ashokpachori6010 ปีที่แล้ว

    TI

  • @rajkumarjirolli2753
    @rajkumarjirolli2753 ปีที่แล้ว

    Just advertisement for his course

    • @FinTaxPro
      @FinTaxPro  ปีที่แล้ว

      Just a freebee.

  • @LoveYou-pm2tt
    @LoveYou-pm2tt ปีที่แล้ว

    Sir app acha padhte ho lekin bht bakwas krte ho bich bich me

    • @skillvivekawasthi
      @skillvivekawasthi ปีที่แล้ว

      Jaise ki batao kaha bakwas hui will improve it

    • @LoveYou-pm2tt
      @LoveYou-pm2tt ปีที่แล้ว

      @@skillvivekawasthi sir jaise ki ye me apko ajj nhi btaoga iskaa alag course h ye wo

    • @LoveYou-pm2tt
      @LoveYou-pm2tt ปีที่แล้ว

      @@skillvivekawasthi between g8 video not here to demotivated u i like ur concept

  • @mohansontiyal3830
    @mohansontiyal3830 ปีที่แล้ว

    Total income

  • @v.k.bidyanta2076
    @v.k.bidyanta2076 ปีที่แล้ว

    TI