How can you save taxes on the income of 12 lakhs?
ฝัง
- เผยแพร่เมื่อ 14 พ.ค. 2024
- In this video, you will get to know how you can save tax on your income. Also, you will get to know whether you should opt for the old tax regime or the new tax regime.
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00:00 - Introduction
01:27 - What to choose? Old Tax Regime or New Tax Regime?
04:30 - Old Vs New Tax Regime Tax Calculation Example
05:51 - How to reduce your Taxable Income?
12:01 - Conclusion
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प्रांजल भाई वीडियो के लिये धन्यवाद, पहली बात की गिवेर्मेंट को थैंक यू बोलने जैसा गवर्मेंट ने एम्प्लोयी कटेगरी के लिए कुछ विशेष किया नही है, दूसरी बात रिलायंस के प्रोडक्ट में मैं पर्सनली विश्वास नही करता, तीसरी बात वीडियो बहोत ही अच्छा है , लोगो को आपके वीडियो से बहोत मदत मिलेगी, धन्यवाद प्रांजल भाई
I didn't knew a single thing about Tax or ITR. But your content is very clear and unambiguous to understand. Thanks Pranjal sir
Nps (10% deducation ) is also calculated in 80C. That is 1.5 lac is upper limit so (NPS 10% + 80C )
Thanks a lot for guiding us , who r salaried but don't know how to do tax saving . 🙏🏾
"Tax bachane ke sath sath achi return bhi jaroori hai ".......nice quote 👍👏
गीता से ज्ञान मिला, रामायण से राम।।
भाग्य से हिंदू धर्म और किस्मत से हिंदुस्तान।।
जय हिन्द 🇮🇳🇮🇳🙏🚩🚩
भाई
हम लोगों ने the pitchers देख ली है
हमें आपके संघर्षों का अंदाज़ा है
साथ ही हमे ये भी पता चल गया है कि
Reliance health insurance से अपने क्या लिया....
Any way लगे रहो
HRA cannot be claimed as on said. It has separate 3 rule - of which minimum should be considered.
Thank youuu so muchhh pranjal!!!! PLEASE make more videos on this topic.
Very Informative video. But nps employer contribution is zero sum game ( if employer contribute 10% then same will e added to gross salary and same 10% will deduct for taxable income so it doesn't actually help in lowering taxble income).
The most genuine and down to earth finance creator of our country
Thanks bro... Muje abhi 2 din pahele hi 12 lake ka pakage Mila. Mare liye perfect example he....
10:40 There is no limit on the amount of deduction from educational loan interest, and the deduction can be claimed for a maximum of 8 years.
I have a question. I declared an investment in an FD (1Lac), but now I want to invest in ELSS (1Lac) instead. However, I cannot change the declaration. Will they accept my ELSS investment proof at the end of the year if my investment amount is the same as declared?
No Tax for Salaried employee is a myth in India. The ways described in the video are correct, but how many will fall under the conditions described. I have not met a single salaried person who pays almost no/negligible income tax. Practical implementation is almost impossible.
True that
Correct everyone does not fit in this calculation
But good informative video
Thanks, someone has the same thought as me.
Right 🙏
Jan me sir 😆
so far I have been waiting for this kind of video in tax detail. Thank you sir. Very nicely explained.
Hats of Pranjal Kamra for such a nice video. I was searching this for almost a year.
Bro, Video is good but it would have been great if you could have mentioned all the sections for the detection. I was wondering about 80EEA
I have been watching your videos from a very long time :) I started creating videos by getting motivated by you ❤ thank you
@prankalkamra - Sir, please make a video on step-by-step process of filing ITR also by ourselves, with best possible savings.
Thanks for sharing great knowledge. Please keep sharing financial knowledge because indian people needs this for better development of india.
Yes
Really nice content.always humble & productive content.really really appreciable. 🙏❤️🎉🎈
Hello sir...U explain so easily and in a fun way... thank you!
U R really great sir, aapki videos me bhar bhar ke jaankari rehti h 🙏🙏
Great video, Thanks for sharing insightful details in simplified way
It's crisp and informative video. I enjoyed it.
But I didn't find section 80D decuction of Medical insurance pratical. For example, someone who is in 20s can get 10L policy at around 10k and parents policy would be around 30k. I'm not sure if someone can really utilize the entire 75k limit practically.
It's not practical but it's possible!
7:15 he also mentioned 80D also bro 🌚😂
Agreed to all the terms , but HRA comes with formulas, for example if you've deposited 1Lac amount for financial year on an average rent of 8000/month so you'll not get benifits on whole amount instead only 2k can be considered, so the remaining amount becomes taxable , so @pranjal can you please also guide here how individual can get benifits on HRA
Yes brother there is a limit!
Actuall HRA received
Rent paif - 10% of salaries
50% of salaries for metro and 40% for non metro
(least of the above will be exempt)
Whole HRA is not exempt
ek question ka answer chahiye
Father 60+ hai pension or fd interest Mila k 3.5 lakh bnta hai. To 87a k according tax rebate milega means koi tax liability nhi but itr file Krna hoga.aise me bank fd k interest pe tds karega ya nhi 50000 se upar hone par
@@jaiveersingh9669 ha bhai katega and jab app ITR bharoge tab agar apki koi tax liability nahi banegi tho wo refund miljayega ! and agar apko TDS nahi katwana bank se tho apko 15G 15H form bank ko submit karna hoga than bank TDS nahi katega .
@@KUSH_Joshi but form 15h to tab bharna hota hai jab annual income 3 lakk se kam ho
I have a question. I declared an investment in an FD (1Lac), but now I want to invest in ELSS (1Lac) instead. However, I cannot change the declaration. Will they accept my ELSS investment proof at the end of the year if my investment amount is the same as declared?
very informative video. You solved all the doubts I had 15 mintues ago.
Hey Pranjal, can you please make video on dividends on shares and its implecation in filing income tax ? Please do make it bro, its confusing for youngsters to corelate tax and investment.
Pranjal... Your video is very helpful.
But can you make a new video for the newest tax regime (after budget 2023)? About the deductions that have been discarded? And similar in depth analysis?
yea its truly needed, cant find 1 in the internet
Really needed
NPS (10% deduction) is part of Sec 80C (upper limit 1.5 lakh)
No NPS is not under 80C.. it is in addition to 1.5 lac 80C
@Ankit Jain @@sharmaatul85 NPS Under 80CCD1(B) UPTO 50000 you can save
Also suppose we have sold two houses , can we invest in one house and buy some capital gain bonds also
Sir mai to 25 Jan mai hi dekh Raha hu ☺️
Apka ek bhi video miss nhi karta hu
Pranjal, for HRA there is a limit on tax dedn. Entire amount cannot be deducted.
HRA full amount is not non taxable. For Metro city 50% and Non Metro city 40% HRA exemption milta hai
Right
@solapatrick hi
@@amolsapkale2453 there is more limitations than this. Many are able to claim only 2k - 1k per month. Even after getting hra 20k
@@lakshmitejas1685 Yes. It will vary case to case basis 😀
Hi Pranjal nice video, is it possible to make a video for salaried employees + a person running proprietorship, as i was informed that HRA is not allowed for proprietor's a help would be great as there are hundreds of people like me searching on this and nothing good educational things available.
I think you did not mentioned about home loan where maximum deduction can be claimed
there's no limit for deduction of interest on education loan under section 80E (you have wrongly mentioned 40,000 limit)
Full hra is not exempt right? There is a formula lower of 3 values it comes to 50-60% of hra received which can be taken as exempt value
Hi,
May I know how this is derived NPS ( Employer contribution 10% of basic salary) which is 93760 here ?
Can I claim exemption for SGBs investments like mediclaim and ppf while filing itr returns ?
Salary konsi Jo account me ati h ya Jo salary slip me extra likhi hoti h total
Sir ITR kaise bhare is par complete video banaye ||🙏🙏
Sir their is no such limit in deduction of education loan interest of 40k and all.
Good morning sir...
Sabse pahle thanks sir itni achchi jankari ke liye. ...
Sir mera ek dought hai please clear kijiye mai aur meri wife dono Govt employee hai to hame apni income ka ITR individual file karna padega ya dono ka income add hokar ek hi ITR file hoga...?
I am living in my own house and my parents are also employed, HRA nahi dikha sakta since Parents ko tax bharna padega.
Home Loan toh bhar raha hu, but uske components clear nahi hai, 2L interest pe tax exempt hai ya 3.5L interest pe that is not clear.
can you please explain these things as well.
Base salary may be less than 50% of CTC. My friend has placed in Amazon with 45.5 lakh ctc, but his base salary is only 15.5 lakh.
in TCS as well
@@smukherjee9231 I am in govt. service and my base salary is 42% of In hand salary.
I have a SIP to equity and debt schemes ongoing for more than a year. However, I want to utilise Sec80c for tax savings by investing in ELSS. Is it a good practice to redeem some funds from my existing SIP and put them in ELSS on yearly basis?
No
HRA ki jagah agar lease allowance. Mil rha hai by the employer toh kya use bhi exemption me show kr skte hai?
Thank you Sir for this video. I'll say please make a video for Army and defense persons please they do need some tax saving advice on their salary and their salary components. What fall under which section in brief 🙏🙏🙏🙏🙏🙏 please sir
Thanks for the video, very informative.
I think Nps Employer contribution is 10% of basic salary which is 60k assuming 6L basic ( 50% of 12lpa)
If your basic salary is 12L you will have to pay 3.2L(26k /month) in rent to get to get 2L HRA benefit.
Also to get 2L in HRA one has to pay 2.6L in rent assuming 6L basic.
Febuary
Hi Pranjal, For Tax deduction on Education Loan repayment, there is no limit on the amount of interest paid during the financial year.
interest on educational loan repayment is fully exempt for 8 years under 80E
Limit is about 50000
Sir keep making this kind of valuable content for us thank you
principal home loan EMI & Tax saver Mutual funds are both under same section with limit or different?
My basic salary is only 25% of CTC which does not allow me to use HRA properly.
Pranjal, can you tell me which law it is according to which, employers are not allowed to keep basic salary less than 50% of CTC?
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
In which head can we claim NPS (Employer’s contribution of 10% of salary)?
80 CCD(2) if your private 10% and government employees are 14% of nps contribution
Please make a video on what is Itr, claiming? From very basics if possible
I want to ask one thing. My salary PF deduction goes to NPS. And it becomes more than 50000/-. For eg. my deduction in NPS is Rs. 65000/-, then can i use 15000/- from this in 80C section.
HRA full amount is not non taxable. For Metro city 50% and Non Metro city 40% HRA exemption milta hai
You shd know one more rule rent paid - 10% basic. If this is less than 40% of metro hra. Then you get exemption even less than that
@@lakshmitejas1685 I know this rule as well. Comment pura type karne ke liye time nahi tha. Isliye shortcut me likha
Yes brother there is a limit!
Actuall HRA received
Rent paif - 10% of salaries
50% of salaries for metro and 40% for non metro
(least of the above will be exempt)
Whole HRA is not exempt
What about home loan deduction?
Jai johar Pranjal Bhaiya,
Great informative video about tax system.
Thanks for such a video.
LTA me is it back and forth journey price? Like Lucknow to Delhi and then back tickets both can be applied? And what if I have travelled 4 such journeys? Please answer.
Thank you Pranjal sir, but you have not added special children's/ Differently abled deduction. Which is depend on disabilities level such as 40%, 75%, 80% etc.
Also not elaborated for Government employees.
Kindly consider !
Good evening sir.
Salary ka 10% NPS , 1.5 lac ki tax saving me include h ya 1.5 lac ki saving exception se extra h.
Employer contribution 80C me included hai.
Any tax saving tips for self employed ?
NPS main 10% basic + 50000 both saving kar sakte hai ya max 50000.
Thank you Pranjal ji.. it's very nice & well info videos on tax...ELSS are u/s 80c or any other sections to save the tax
80c
Really hoping 80c limit is increased this time
Sir government employees HR detection le sakte hai kya?
mera 1 Question h apse -
80c 1.5 lakh saving ke liy ELSS karne se other mutual fund lena chahiy ya yahi (1lakh ELSS+50thus Ppf ) 1.5lakh se future wealth creat ho jayga?
Feb 23 me
Short format courses are designed to provide insightful information about the stock market. Mr. Pushkaraj Thakur sir is the advisor who gives you such a course and suggests you to invest according to it. He is a real advisor who makes some predictions after studying like that.
Sir angle one pe kaise investment kre
Under 80c investment category how much under eac category we need to declare.
Since I'm not a salaried employee and work full-time as a freelancer, I cannot avail some of the benefits mentioned here, despite my income being in a similar bracket (12.5 - 15L p.a.). I can of course invest in ELSS/PPF/NPS. I'm curious about what other instruments may be available so I can minimize the amount of tax I pay. Any idea would be much appreciated!
May I know Which benefit you cannot avail if you are not a salaried employee?
@@dasavijitkr the HRA, the travel allowance, etc
If you are self employed(freelancer) , you can claim deduction u/s 80GG for housing rent paid during the year.
@@aniketgupta5507 yes that's a good way but I have my own house. Thanks for the information though!
Which platform do you use for freelancing?
As per the newest tax regime, the deductions are even lesser compared to old regime.
@@sparshwadhwa8695 aa gaye scammer ek aur insaan ko katne
Pranjal kamra bhaiya new tax structure m koi b exemption nhi hh??
Bhot ache se peheli bar kisi ne smajhaya. Thank youuuu ❤
Most of this is applicable for salaried person only. Not much useful for self employed. Also, full HRA cannot be claimed for tax deduction.
Elss mutual fund returns are very low
Kindly suggest a fund were we can get atleast 12 %😁
Index Fund
Whether pf cut by company comes out of 1.5 lac investment or inside of it?
what is the HRA rule , how to calculate the distance between the rented house and your office
bhagwan kare Jo jo video dekh rha hu un sab ko 12 lakh har din profit ho😘😘
Big fan sir 😊❣️
June end, because I was just getting a job, so learning more things😊
Can I claim HRA as well as Home Loan interest together???
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Sirji, our EPF also considered in 80C?
I am watching it on October 7th ...... however you are very true .....I am not ahead of your prediction (you said you will watch it in March)...... actually I am 1 year late in that ..... in the previous year I paid 60000 IT😢
Jaldi jaldi comment karta hu likes milenge 😂
Comment to Karo like ke liye
Abe kuch to naya lao 🤦🏻♂️
Abe kuch to naya lao 🤦🏻♂️
Lol
Mc
When the new budget will came
Will I have to file my itr according to new budget or according to old budget
Kindly ans
F16 me HRA add nahi hai. alag se HRA clam kraakte hai??
Pranjal sir please make video on corporate governance consept
What will be take home salary monthly for this assumptions on 12 Lpa
Sir humlog NPS se OPS me aaye hai kya NPS me jama karke extra 50k ka tex duduction le sakte hai?
Sir in 80c most of the times and more than half of the amount is considered already by PF itself. so we actually dont get any other benefits of taking further schemes to save in 1.5 L
I have question. Maine home loan lia hai to uska Pricipal deduction 1.5 lakh under 80C and intrest ka deduction 2 lakhs Under 24b hai.
Kya iske baad bhi mai house rent allowance pr tax benefit le sakti hu yeh show karke ki mai apne parents ko rent de rahi hu?
Ghar buy karte time jo stamp duty and registration charges pay kiye hai uska koi additional benefit hota hai tax deduction me.
sir iye to apne job ka tax saving bata diya, investment returns or trade profit ke liye thora knowledge dijiye🙏🙏🙏🙏
Nps 10% deduction come under 80c 1.5Lacs or its additional to 1.5 Lacs?
Mere pass black me 35 lakh money hai, ispr bhi tax lagega kya. Ya fir only earning income pe lagega
I think there is no limit on education loan interest exemption. Upto 8 year one can claim rebate of 100% interest paid