Calculate INCOME TAX for 2024! | Ankur Warikoo Hindi
ฝัง
- เผยแพร่เมื่อ 15 มี.ค. 2024
- Check the excel sheet, here: bit.ly/3ve34RK
In this comprehensive guide, we dive deep into the intricacies of income tax, equipping you with the knowledge and tools needed to navigate this essential aspect of personal finance. From understanding the nuances of the old and new tax regimes to exploring strategies for maximizing tax savings, we cover it all to ensure you're well-prepared for tax season.
Learn how to optimize your tax liabilities by taking advantage of deductions, exemptions, and other tax-saving instruments. Whether you're a salaried individual, self-employed professional, or business owner, this video offers valuable insights to help you make informed decisions and optimize your tax efficiency.
#IncomeTax #TaxSavings #warikoo
------------------------------------------------------------------------------------------------------------------------------
Buy my new book 'MAKE EPIC MONEY' here: www.makeepicmoney.com/
SIP in Stocks with FREE* Demat A/c on INDmoney: indmoney.onelink.me/RmHC/x3g6...
My Money Apps: bit.ly/3Zg56eR
My bestselling books:
‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone
‘Do Epic Shit’: ankurwarikoo.com/doepicshit
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: bit.ly/3O1NAVA
🔆 Fill Light 60W: bit.ly/37aJolP
💡 Key Light 150W: bit.ly/3O9nyjs
📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
Let’s connect online:
🎙 My weekly podcast Woice with warikoo (Spotify): open.spotify.com/show/1g7wpoq...
📩 My weekly newsletter warikoo Wanderings: ankurwarikoo.com/newsletter/
📱 Instagram: / ankurwarikoo
🐦 Twitter: / warikoo
👨🏻💻 LinkedIn: / warikoo
😄 Facebook: / awarikoo
🖋 Daily Blog: ankurwarikoo.com/blog/
Check the excel sheet, here: bit.ly/3ve34RK
Buy my new book 'MAKE EPIC MONEY' here: www.makeepicmoney.com/
My Money Apps: bit.ly/3Zg56eR
My bestselling books:
‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone
‘Do Epic Shit’: ankurwarikoo.com/doepicshit
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: bit.ly/3O1NAVA
🔆 Fill Light 60W: bit.ly/37aJolP
💡 Key Light 150W: bit.ly/3O9nyjs
📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
Sir I don't get 'Make Epic Money'... Ordered in prebook.Plz help..
Excel sheet please
Cant find the Excel sheet shown in the video. Is it only me?
How about NPS deduction????
Where's the spreadsheet sir
Thanks for sharing..I plan to prepare it myself but your excel copy saved my time... Approx 16lac if your taxable salary and 4.25 lac approx u can have as deduction then both break even.. few other things to consider like if u opt for new tax regime then u loose benefit of meal voucher, transport, ltc, fuel reimbursement, telephone etc perks...so do consider it
Hi Ankur!
By profession I m engineer, but some days before I just think about understand income tax calculation,
And I m sock by notification of this video,
Thank you so much sir! for make this video, because I understand anything explain by you only
thank you so much for the calculator. I realise that it takes a lot of effort to compile that. It helped so much in gaining clarity over my decisions.
As a CA student, I feel like there's a lot of ways to save Tax. This video is just a topic of our 1 chapter in CA Intermediate, but Ankur sir has explained it nicely and conveniently for those who have no idea of Income Tax.
You can always ask any CA Final student also, he'll be able to tell a lot of ways to minimise your tax.
Plzz tell me if my monthly income is 25 k , i need to pay any incm tax ?
Pd le bhai May me exam arhe 💀
@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income.
If your income is upto 7,00,000 you do not have to pay any tax under 115BAC which is default tax regime. You will get the benefit of 87A rebate.
So upto 7,00,000 income tax liability does not arise
@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income.
If your income is upto 7,00,000 you don't have to pay any tax under 115BAC which is default tax regime. You get the benefit of 87A rebate till 7,00,000.
So if your yearly income does not exceed 7,00,000 you don't have to pay any tax.
@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income.
If your income is upto 7,00,000 per annum you don't have to pay any tax under 115BAC which is default tax regime. You get the benefit of rebate u/s 87A till 7,00,000.
So if your yearly income does not exceed 7,00,000 per annum you don't have to pay any tax.
Ankur, the 80D limit is 75k max if parents are senior citizen otherwise 50k is the maximum limit. In the New Tax Regime, Corporate NPS benefits and Let-out property benefits are given.
True I opted for corporate NPS in the new tax regime
Very well explained, great learning. Thank you🙏
Thanks a lot sir, Much appreciated.
Thanks for this video my friend. It helped.
Ankur, in the new tax regime up to 10% of one's basic salary invested by an employer in NPS is non taxable. Given up to 75% of NPS can be in equity, and investments by NPS managers are in Blue chip companies and cost on NPS management is very low, I find this investment pretty good.
Thanks for clearing my doubts. You are the best
Thanks for the excel sheet. It's very easy to understand and helpful.
I am sorry to say that there are few wrong informations given in the video.
1. In Section 80D you can claim upto ₹75000.
2. HRA has an amount limit that can be claimed. It is minimum of (Actual HRA received, 50% of [basic salary + DA] for those living in metro cities, 40% of [basic salary + DA] for those living in non-metros, Actual rent paid - 10% of [basic salary + DA])
CA watching it from corner
For 80D it is ₹50,000 the max exemption you can claim
You are the best all your videos are really informative and helpful
thank you so much for the video.
Yes, most of the doubts are clear, Thanks!
Thank you sir
Sir, we now know about mutual funds and share market , and investments , thanks to your videos .
But please now make a detailed Playlist regarding taxes for youngsters who had just started their jobs 1-2 years back and are now 25-26
So that they can know more about taxes and how can they can pay taxes and save taxes in a legal way .
Thanks .
There's also employer contribution to epf and nps, which can be availed with new tax regime which further brings the total tax down.
Thanks Ankur for this informative video
Ankur, you should include 80CCD 1B that's separately considered in old regime than 80C. It also gives Max returns tbh, with the only catch being lock in period.
Thanks for this Video I was literally looking for this 😊
Very informative video. Thanks Sir
Wow loved your visison
Very well explained.
Very helpful video
No intros, no subs likes demanding , no Chik chik ads
Pure plain Worthy Content. ❤
❤ love the video
Very helpful video sir
NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961 is allowed under New Tax Regime under employer's contribution
Thank you Sir❤
Thank you so much Ankur ji
Looking good sir 💯❤
Thank u sir
Thank you Sir, this was very helpful and many doubts got cleared. 😊
Thank you brilliant video well explained and much needed
One of the best video sir..Always give value to the subscribers time💐👍
Great❤
Very helpful
Thanks
Nicely shared Ankur!
Very good
Good explanation
सर आपने बहुत ही सरल तरीके से समझाया. धन्यवाद. 🙏🙏
सर अभी मेरे individual ki file मे इंटरेस्ट और रेंट इनकम है. क्या मै old regime se new regime कितनी बार chenge kar sakta hu ya nahi. 🙏
Thank Ankur for the detail info, but if you please make a video on demonstrating the same from incomeTax portal, that will be more helpful
Thank you so much sir for all the information. Aap toh hamare yaha ke seniors se bhi acha sikhate ho. Btw, can u please consider making vidoes on Foreign exchange transactions. Working capital, informarion about treasuries, types of markets also. PLease. Just a humble request
CA Students Attendance Lagao 😅
Idhr to akaila he.. Chal bhag ja.. 😂
CMA allow ha?
@@Aspirant7255 Haa bhai ajao 😊
18 minute mien idher income tax rates sikhayi jati hai ..bhai ne pura 115bac bata diya😂
Super sir❤❤
Home loan interest is available for deduction in new tax regime.
Sir , just a suggestion from my side. It would be very helpful if you can explain how much amount (which wont be taxed by the government) can our parents transfer into your bank account. (i have heard somewhere that we dont need to pay tax on the money which is transferred in our bank account by our parents) .Some youtubers have tried to explain it but it was not very helpful. I hope many people are waiting for a video on this topic.
Nicely explained
Ankur,
Please make a video on self realisation.
As a bachelor life and getting into family goals ,needs keep changing.
Many times a person feels he is happy in this daily routine. But the person out of the box can see there is no financial planning nor financial security.
I think you can express this point more effectively in this youth.
Thankyou in advance 😊
Sir, One question from
Can we take deduction if we invested in NPS(National Pension System) is New Tax regime ?
Rs.50,000 in NPS (Tier I account)
Sir, at 8:45, regarding housing loan in 80C, we can mention principal amount and also 24c interest paid as well. You mean we can add both. Say I pay 20k emi per month, that means 20k*12=240000, so in this case interest upto 2 lacs and principal whatever I paid both can be mentioned.
Pls reply. Also anyone who knows about it please reply
Sir , please make a video on the informal economy in India and its impact on different classes of people. Thank You !
I think Deduction for employer’s contribution to NPS account [Section 80CCD(2)] is there as deduction for new tax regime.
Sir dividend income se related taxation k baare me bta dijiye plz
Under the new tax regime, a deduction u/s 80CCD(2) contribution made by the employer towards the NPS can be claimed.
How to compute Taxable income?
Is it the entire CTC or the income computed by the company in Form 16?
NPS employer deduction under 80ccd(2) is there in the new regime. I know it won't make much of a difference but I think you forgot to mention it in the video.
i think 15lakh plus income segment keliye old regime accha hai with deductions
Well, there are deductions available in the new tax regime as well.
Hi ! Can you make a video on ELSS funds for investment purpose for long time ?
Hi Ankur, I am currently at 40 age. You have mostly share the investment and retirement options for the 20s & 30s. Can you please share all investment options for to start at the age of 40s please..??
hi Ankur.. i think home loan interest for rented property is eligible for exemption in New tax regime. Please confirm
Hi please help us understand amc sip vs normal sip, which is better
To save tax you must have... As a student I have to think before twice before having chai with friends 😂😂
Tax Kaise bhare us par video banaiye sir please
Thank you sir I’m doing startup buss in service industry I want to learn more about taxes & gst , have you doing any tranning sessions for this ?
Can you do a video on tax calculation if you draw part salary and part consultant compensation from the same company every month with an excel sheet?
Que.1 are gift cards(amazon, flipkart, myntra, etc.) given by company is considered as income in new tax or old rax regime? Are they taxable in both the regjmes?
Que2. If someone has a car loan then, is interested on that car loan given to the bank considered as loss and can be subtracted from net income?
Thank you for the clarity.please share the excel sheet.
Sir if by default I’m in new tax regime by my company can I change it to old tax regime while filing ITR this year?
Hi Warikoo, Ur calculation needs correction. NPS CCD(2) & EPF can be availed in new tax regime. Also we need to consider HRA in new tax regime, whereas it can be claimed as exemption in old tax regime, therefore income amount will be different in both regimes.
Thank You Sir
This is wonderful video. Very clear explanation Sir 👍
Will you please consider creating similar calculations video for 44AD and 44ADA schemes? That will be very very helpful for many people out there.
ankur dada pls make one video on how divert money from tax deduction
Dear sir , ek lower/middle class ka ladka/ladki jab earn karna suru karta hai tab uska pura family uska uper dependent rehta hai . Bhai/Behen ki shadi, khud ki shadi, bhai/behen ki padhai, aise bahat jaroorat Jo sirf personal loan se poora ho sakta hai. Usko 14-18% interest Dena padta hai. Aur government tax katne me koi kasar nehi chhodta 😢
Please make vedio on tata aia param ramshak term insurance policy
Does medical insurance cover term plan premiums as well sir?
Hi sir, life insurance premiums are also considered under 80d?
Please share this Excel sheet............Thank You
Round shape frame glasses will suit your face more than the rectangular frame considering your square shape face.
Ye kuch nya video tha ❤
Please do include NPS as well for additional 50k deduction under section 80CCD and also employer exemption under new tax slab for NPS.
Conveyance allowance is also exempted in new tax regime
Salaried People of all Religions, Caste are Working for Nation by paying Tax almost 3-4 months of their income
Ankur I had a request, please make a video on this Topic -
"Financial planning for IAS, Army officers"
Because they will be given pension for a lifetime so they don't need to invest?
Bhai IAS ko kha pension mil rhi hai....they are under NPS
Sir,exemptions too should have been explained along with deductions because for many taxpayers exemptions too is a confusing part
I want to know one thing. I have only bought stocks and mutual fund shares and never sold them till now. Shall I fill ITR1 or ITR2? Shall I have to show it capital gains?
Plz share for professionals also
If total interest paid for home loan for a fiscal year is 2L then can both husband and wife can claim 2L tax benefit each? Pls answer
7:21 pe aapne badiya aapna speech balance kiya sir😁
Ankur ji Agar new tax regime me agar investment declaration nhi kar skate to fir excel sheet me payable tax kyu change ho rha hai new regime ke section me agar hum investments add karte hai to? please Help
Allowances like HRA, internet, food wallets etc are exempted under new regime or not?
Hello sir I want to get to know that I have to invest in mutual funds so what are the best ?
Sir, can you please analyse if we should have personal health insurance apart from corporate mediclaim. Post COVID the premium has shot up by 34 percent for mediclaim. If such increase continues then it might be better to have a separate corpus in MF which can be redeemed after retirement as and when required.
Very informative video.. I need the link for calculation and can’t find the link anywhere. Could you please provide the tax calculator excel link here
when to choose the tax regime ..By default which tax regime is used
I have home loan with my husband as co borrower. The total interest in the home loan is 210000. We both are eligible for tax deduction of 210000 or half of the amount?
Sir loan wali bitly sheet ka link work nahi kar raha hai old videos mai