Sir you make the things easy to understand, your lectures are too good and a different level of positive energy I get from your lectures😊 Actually sir there's a query, may you please explain about the increase in tax in the second illustration that 50,50,000 one. I'm getting so confused in the increased income and tax. So pls clear this
Sir Q 11 jo last ka aapne karwaye usme dout hai. 10060000 ka total income hai domestic co. Usme tax regime old lge ga ki new? Agar old bhi lge ga to 21-22 ka turnover dekhe ge n. Or agar questions me dia nhi h to 25% ka tax lgana chahiye
@@StudyAtHomewill you please clarify why general rates taken instead of new slabrates. By default new slab rate to be followed right ? Please reply sir
45:30 sir yaha 3 lakh nil kyu hai sir mai aapki purana income tax se kar raha hu to usme yo 250000 he to karte hai individual ke liye new slap me ? 2024-25 Years me change hua hai kya?
Yes, the slab rates have changed. You can checkout this video for clarity- th-cam.com/video/OeApgRdSgRo/w-d-xo.html You're advised to watch the videos in proper order to avoid any confusion
How do we calculate marginal relief on income of Rs 20100000 which includes 60 lakhs from special income and balance from other income? Please solve my query sir 🙏 I am confused whether we have to calculate both income separately including surcharge
Sir how to calculate marginal relief when Special rate 1.16 crore Normal rate income. 1.14 crore Total. Income 2.3crore So we will compare tax on 2.3 crore and 2 crore but how to calculate tax on 2 crore becoz it has special rate and normal income both.. so do we have to take normal income as balancing figure after special income??
As i know we have to start study with 2 subject (one theory & one tax). Mai pehle tax padna chalu kiya aur iske sath adv. Accounts karu iya costing karu iya koi aur subject karu ? I am confused. Please suggest me something.
If regular taxable income is Rs 2.02 crores and LTCG is 50 Lakhs, do I still get marginal relief? Additional tax due to 25% surcharge is more than additional income of Rs 2 lakhs for the regular income. But, if total income is considered to be 2.52 crores, then marginal relief cannot be given. However, since regular income is above 2 crores, regular income and capital gains should be bifurcated. This way, marginal relief should be given. What's correct?
OLD SLAB RATE : UPTO THE INCOME OF 5 ,00 , 000 REBATE OF 12500 IS ALOOWED RESTICTED TO THE AMOUNT OF TAX PAYABLE . NEW SLAB RATE UNDER SECTION 115BAC : UPTO THE INCOME OF 7 , 00 , 000 REBATE OF 25000 IS ALLOWED ...RESTRICTED TO THE AMOUNT OF TAX PAYABLE .
Hello sir I am CMA inter group 1 students, sir aap jo income tax ki classes kara rahe ho is me both direct tax or indirect tax dono pura karoge naa ,sir please reply
Whole Income Tax will be covered in the Free Income Tax Series AY 2024-25 and GST Series is already available on our channel. You can watch the lectures from here: th-cam.com/play/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4.html&si=oQlF-JrYiem8fdeb
Sir my salary income after standard deduction is Rs 7,10,000/-. If I calculate tax as per slabs given under new regime will be: On 3,00,000/- Nil On next Rs 3,00,000/- @ 5% 15,000/- And on balance Rs 1,10,000/- @ 10% - 11,000/- Total Tax Rs 26,000/- But when I put this amount (7,10,000/-) in tax calculator given in income tax portal I am getting tax amount as Rs 10,000/- I could not understand how is this? Whether I am getting marginal relief or what sir? Please clarify Sir.
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Thanks you so much sir ☺️ I have got a new hope after started watching your lectures.
Welcome and all the best!
Finding these lectures very very helpful to restart my career after a break 😅😊 a Big thanks 🙏
I'm glad to hear that
Sir Apne jis tarah se marginal relief samjhaya💯 vese kishi n nhi btaya ❤thank u sir !💗
You're welcome! Glad you like it!
Sir apki video dekhne ke baad concept itna clear ho jata hai ki dill karta hai dost ko question karke tont maru 😅
Glad you find these lectures valuable! Keep watching! 🙌
😂😂😂😂
Waah❤😂
Sir your effort are very very motivating
That's great to hear🙌🏻
Hands up, sir to ur lecture.
Such a confusion thing in simple way 😮
Glad you found it helpful! Keep watching 😊
Thank you so much sir for this wonderful lecture 😊
You're welcome! I'm glad you enjoyed the lecture.
Thank you sir,now I love tax subject ❤
You're welcome, glad to hear that! 😊
Teaching Skills ✨💗
Thanks a lot
Sir your the world best teacher ❤️ thanks you sir🥺😊❤
Most Welcome
Thank you sir for making income tax an interesting subject for me.
I'm delighted to know that you're finding it interesting. Keep up the enthusiasm for learning
Valuable lecture sir 😊. Thank you❤
You're welcome! 😊
Teacher to boht sir magar apke jaisa na koi❤
Thank you so much!
Thankyou sir to teach us in such a easy way.
It's my pleasure!😊
Thank you sir ❤🙌🏻
You're Welcome
Most welcome 😊
Intersting + conceptual lots of love sir ❤️❤️
Thanks a lot🙌🏻
Thank u very much sir❤🙏🙏🙏🙏🙏🙏🙏
Most welcome
Your explanation 🔥
Glad you liked it!
Ca raj sir best teachs ❤❤❤❤❤❤❤
Thanks a lot!
Sir you make the things easy to understand, your lectures are too good and a different level of positive energy I get from your lectures😊
Actually sir there's a query, may you please explain about the increase in tax in the second illustration that 50,50,000 one. I'm getting so confused in the increased income and tax. So pls clear this
Gratuity received in case of death is taxable under the head IOS in the hands of legal heir and the calculation would be same.
Sir Q 11 jo last ka aapne karwaye usme dout hai.
10060000 ka total income hai domestic co.
Usme tax regime old lge ga ki new?
Agar old bhi lge ga to 21-22 ka turnover dekhe ge n.
Or agar questions me dia nhi h to 25% ka tax lgana chahiye
Tax me Flat 30% kaisa lge ga usme confusion lg rha h
Sir assumed 30% but you can 25%.
Same problem
thank you sir
Sir apne is topic ko bahut easy bna diya
Thankyou so much sir
Most welcome
Sir In default tax regime(115BAC)
If the income exceeds 5 crore
What's the rate of surcharge? 25% or 37%?
25%
47:23 pr sir illu 11 m domestic co ki tax rate 30% hi kyon li turnover toh Nhi diya 400cr Vala jisse pta chale 25% lenge tax rate ya 30%
Sir solved it on the basis of assumption. You can better take 25%.
@@StudyAtHomewill you please clarify why general rates taken instead of new slabrates.
By default new slab rate to be followed right ?
Please reply sir
Sir illustration no. 9 me working notes me apne 1Cr pe surcharge to add kiya h pr cess ny kiya h kya cess lagega yaha
cess marginal relief less karne ke baad add hota hai.
Thank You so much.......❤❤❤
You are so welcome! 😊🙌
Many thanks❤😊
Always welcome
Sir leave encashment received during service ka relief le sakte hai kya section 89(1) mein
NO
@@StudyAtHome thank you very much sir for the reply🙏🙏
Thanks a lot sir!!
You're most welcome! 😊
45:30 sir yaha 3 lakh nil kyu hai sir mai aapki purana income tax se kar raha hu to usme yo 250000 he to karte hai individual ke liye new slap me ? 2024-25 Years me change hua hai kya?
Yes, the slab rates have changed. You can checkout this video for clarity- th-cam.com/video/OeApgRdSgRo/w-d-xo.html
You're advised to watch the videos in proper order to avoid any confusion
Thanks a lot sir 😊
Most welcome!😊
perfect
sir ji
Thank you!
How do we calculate marginal relief on income of Rs 20100000 which includes 60 lakhs from special income and balance from other income? Please solve my query sir 🙏 I am confused whether we have to calculate both income separately including surcharge
Yes you have to calculate separately. Numerous example has been done just do that no query would be left.
38:59 Yes sir ❤😊
17:44 Calculation of tax
Upto 15,00,000= 1,50,000
On 36,00,000= 10,80,000
-------------------
12,30,0000
(+) Sur.@10%= 1,23,0000
--------------------
13,53,000
(-) Mar.Rel. = 53,000
---------------------
Tax before cess. 13,00,000
(+) H&EC @ 4% = 52,000
--------------------
Tax payable = 13,52,000
Sir how r we gonna calculate marginal relief for LTCG ₹51,00,000..
thank you sir
You're welcome!
Sir how to calculate marginal relief when
Special rate 1.16 crore
Normal rate income. 1.14 crore
Total. Income 2.3crore
So we will compare tax on 2.3 crore and 2 crore but how to calculate tax on 2 crore becoz it has special rate and normal income both.. so do we have to take normal income as balancing figure after special income??
As i know we have to start study with 2 subject (one theory & one tax). Mai pehle tax padna chalu kiya aur iske sath adv. Accounts karu iya costing karu iya koi aur subject karu ? I am confused. Please suggest me something.
You can do accounting
THANK YOU SIR
my pleasure
Sir surcharge ki rate same hogi dono slab mein ya 115bac mein different rehegi????
115 BAC me 2 crore se above 25% rahegi chahe 5 crore se exceed kar jaaye...
And noraml me 2 crore se upar 25% and 5 crore se upar 37%
thankyou sir
You're welcome!
Can you please share the notification regarding marginal relief
Relief ❤for ca aspirants 😊
🙌🏻🙌🏻
Sir is marginal relief and surcharge both are applicable on only new tax slab rate ??
applicable on both slab old and new
@@StudyAtHome ohk sir thankyou so much ♥️
If regular taxable income is Rs 2.02 crores and LTCG is 50 Lakhs, do I still get marginal relief? Additional tax due to 25% surcharge is more than additional income of Rs 2 lakhs for the regular income. But, if total income is considered to be 2.52 crores, then marginal relief cannot be given. However, since regular income is above 2 crores, regular income and capital gains should be bifurcated. This way, marginal relief should be given. What's correct?
Marginal relief will be given
Sir marginal relief firm ke case me applicable hota hai kya?
Same doubt
Or default regime me nahi milta na ?
Sir rebate new slab mein rebate 7l tal milta hna 5l tak kaise??
OLD SLAB RATE :
UPTO THE INCOME OF 5 ,00 , 000 REBATE OF 12500 IS ALOOWED RESTICTED TO THE AMOUNT OF TAX PAYABLE .
NEW SLAB RATE UNDER SECTION 115BAC :
UPTO THE INCOME OF 7 , 00 , 000 REBATE OF 25000 IS ALLOWED ...RESTRICTED TO THE AMOUNT OF TAX PAYABLE .
How we know marginal relief is available to that income
You're Welcome!😊🙌
Sir in illustration 11 how we come to know that the domestic companies has the turnover above 400cr bcause we have taken flat tax rate of 30%
Sir solved it on the basis of assumption. You can better take 25%.
@@StudyAtHome Ok thankyou 😊😊
Sir is this lectures are applicable for the assessment year 2025-2026
You can watch along with the amendment video which will get uploaded on our channel.
@StudyAtHome Thank you sir🙏
Sir mujhe may 2024 ke lia hard books purchase krni hai DT and IDT ki, link send kr dijia sir
Plz reply sir🙏🙏🙏
Here's the link- www.studyathome.org/publication/bharat-publication/
Sir aap bhot acha pdate ho
Pr itni sari videos kaise jaldi complete kre ???
Watch as much as you can and understand in a day every day.
Sir ye to rebate ke tara hi hai na
Sir Agar dekha jayen to after MR kuch portion income par 100% tax lag raha hai isko court mein challange kar sakte hai.
MR is a benefit, it cannot be challenged
Please calculate Fy23-24 Ay 24-25 total incom7.5L
Watch the playlist to calculate this: th-cam.com/play/PLyY2ccCWylAq5C89aTwKEoMtNMwDqK93s.html&si=4K2Doka0NGKBFoAd
11:03 sir ye concept toh rebate jaisa hi hai na?
Yes, rebate of new regime.
Sir Marginal relief is applicable to both regime or only the new ones??
both
@@StudyAtHome ok sir 👍
Sir is these lectures is applicable for cma intermediate june 24
Yes it is
Sir marginal relief resident, non resident dono ko milega ya sirf resident ko?
Both
Hello sir
I am CMA inter group 1 students, sir aap jo income tax ki classes kara rahe ho is me both direct tax or indirect tax dono pura karoge naa ,sir please reply
Whole Income Tax will be covered in the Free Income Tax Series AY 2024-25 and GST Series is already available on our channel. You can watch the lectures from here: th-cam.com/play/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4.html&si=oQlF-JrYiem8fdeb
Ok, thanks u sir 🙏😊
Is this applicable for CS executive as well or not
Yes, applicable!
47:14 flat rate @30% liye magar more than 400 crore toh mention nahi hai
Assumed
SIR DOWNLOADABLE PDF MILEGA KYA? PRICE KYA LAGEGa?
You can not download pdf as it is copyright protected. However, you can buy Income Tax printed book from our website - bit.ly/3OwBkfe
Sir Standard deduction deduct nahi kiya aap na
2:39 tax upto 15 lac = 1,50,000
Tax beyond 15 lac= 10,50,000
TI= 12,00,000
👍
Sir my salary income after standard deduction is Rs 7,10,000/-.
If I calculate tax as per slabs given under new regime will be:
On 3,00,000/- Nil
On next Rs 3,00,000/- @ 5% 15,000/-
And on balance Rs 1,10,000/- @ 10% - 11,000/-
Total Tax Rs 26,000/-
But when I put this amount (7,10,000/-) in tax calculator given in income tax portal I am getting tax amount as Rs 10,000/-
I could not understand how is this? Whether I am getting marginal relief or what sir? Please clarify Sir.
Yes, 10000 is correct and you're wrong. Watch this video - th-cam.com/video/QxMWUdQxeGk/w-d-xo.htmlsi=jM8y2_oAylKFsnPD
This is because of Rebate given to new Tax System as Per Sec 87A
Sir dec thak pura tax hoga appka main pdr asea tax kyi nhi pdr kiss ne
Yes, it is expected to be completed by December
God of taxation
Sir I am watching for June 2024 , isse padhna se ho jayega na ?
Yes, absolutely!
😊
😇
Sir apki sari income tax ke lectures kb tk end ho jaenge?
They're expected to be over by December
I don't understand marginal relief on 1,01,00,000
23:10
❤❤
🙌🏻🙌🏻
26:41 😊😊😅😅😂😂
❤🙏
🙌🏻🙌🏻
51,79,104₹ tak ki income par marginal relief milega individual ko..😎😎😎😎😎..
No
Happy independence day to all
Same to you🙌🏻
Relief😂 ❤❤
🙌🏻🙌🏻
25% tax kyu nhi laga domestic co. Ka 30% kyu laga
Sir solved it by taking assumption u can take it 25% as well
@@PriyankaChoudhary-mt1jj okay understood thanx
Yes, it was an assumption, you can take 25%.
I want to buy new course ca intermediate for 2024
Contact 7776012345
Sir, can i get ur no.
You can contact us on 7776012345
THANK U SO MUCH SIR
Most welcome