Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |

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  • เผยแพร่เมื่อ 19 พ.ค. 2024
  • Download Senior Citizens Forms
    Form 15H : bit.ly/3UOd50H
    Form 12BBA : bit.ly/Form-12BBA-For-Senior-...
    Form 15G : l.letsmakecompany.com/form-15...
    In 2024, tax benefits for senior citizens typically encompass a range of provisions aimed at easing financial burdens and supporting retirement.
    These benefits often include
    higher standard deductions,
    Unique Exemptions,
    Various Deductions from certain taxes
    Health-related expenses,
    Medical expenses Etc.
    may also be deductible.
    Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |
    ----------------------------------------------------------------
    Which Tax benefits available to senior citizens
    Tax exemptions to senior citizens
    tax deduction available to senior citizens
    Senior Citizen
    Super senior citizen
    Higher exemption limit
    Standard deduction under section 16(ia)
    Interest on deposits section 80TTB
    TDS on interest income section 194A
    Medical insurance premium section 80D
    Medical treatment of specified diseases section 80DDB
    Payment of advance tax
    Relief in filing ITR
    No need to file ITR section 194P
    Offline ITR facility for super senior citizen
    Tax benefit on long term capital gain
    LTCG
    Rebate under section 87A
    Deduction under section 80C
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ความคิดเห็น • 381

  • @incometaxwallah
    @incometaxwallah  หลายเดือนก่อน +50

    Our Promise to Give 100% Reply of Questions in this Senior Citizen Tax Benefit Video

    • @user-mb3fp8mb1l
      @user-mb3fp8mb1l หลายเดือนก่อน +7

      अरे भाई ये सब हमारी समझ के बाहर है.हम यै सब नही समझ सकते है. हमको सिर्फ एटिएम और पिटीऐम चलाना आता है.इनकम टैक्स के बारे मे हम लौग सिर्फ अनाडि होते है ये सब कलकुलशन हमारी समझ के बाहर है.

    • @user-mb3fp8mb1l
      @user-mb3fp8mb1l หลายเดือนก่อน +1

      सिर्फ ईंटिमेट करै कि ट्क्सस कीतना भरना है😂😂😊😅😊

    • @vipanverma5938
      @vipanverma5938 8 วันที่ผ่านมา

      I viewed thriughly whole video, but in last narrated that if Sr. Citizens having TDS up to ₹50000/- need not to file tax. Or Non Sr. Citizens income ₹.25000/- AY 2023-23. It mean that TDS for Sr. Citizens up exempted. Clarity me.

    • @incometaxwallah
      @incometaxwallah  5 วันที่ผ่านมา

      @@user-mb3fp8mb1l good , hum tax zero kar dete h

  • @t.s.bharangar4835
    @t.s.bharangar4835 9 วันที่ผ่านมา +5

    Very good session. Thanks a lot.

    • @incometaxwallah
      @incometaxwallah  9 วันที่ผ่านมา

      You're most welcome! Thanks

  • @pksharma6956
    @pksharma6956 3 ชั่วโมงที่ผ่านมา +1

    बहुत अत्यावश्यक जानकारी सरल भाषा में!!
    धन्यवाद साधुबाद

    • @incometaxwallah
      @incometaxwallah  3 ชั่วโมงที่ผ่านมา

      Thanks 👍 🙏🥳🎉

  • @user-bi1yr4jq4b
    @user-bi1yr4jq4b หลายเดือนก่อน +9

    Income tax on long term capital gains and dividend should be totally exempt.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน +2

      it should be but it is not. However you get 1 lac as tax free long term capital gain on shares

    • @gognene1513
      @gognene1513 10 วันที่ผ่านมา

      @@incometaxwallahthere are many types of persons whose yearly income sources are different. I write here few.
      1. Govt employees who gets penson.
      Different classes are there.
      a. Who gets half of the basic salary
      a. 1. These people get health treatment facility also
      b. Scales of particular type of job is different from to state.
      This causes different economic level. Say first example, when Telangana got separated from AP, both Telangana state government and separated AP governments gave fitment in pay revision 42& 41% instead due of 21-26% for teachers. Then their salaries becomeuch more than professional ( engineers & doctors who IQ levels & talent levels more to get into B. Tech & MBBS.
      B. Pension system is not there for PSU. Salaries are equalized based on academic years by forgetting professional difference. A BA B. Ed person Telangana gets more than EIL or other PSU person. PSU jobs are very hard.
      C. People resign from Teaching can go abroad and earn money can join back Kerala even after 25 years. How ever the same policy or facility is not there in other states.
      D. I did my M. Tech and I left job after 14 years ecperience. That means I gave my job as opportunity other person. Before 1990 Interest rates on NRE FD was more than 20% & RI were getting 10-12% but later it became equal to RIs say 6%.
      An govt officer and politicians get gets salaries and pensions now. I don't get any thing. I can't drive & I can't engage a driver also. I earned money for nation and gave my job to others but I can't get any benefit from the government and I don't get medical or transportatikn or income tax benefits on interest. My status of living standard and situation much worse than retired primary school teacher. All others were in local enjoyed short comings of the government, say real estate benefits, since we are from the country we could have chance due to our non corrupt nature also. We kept all money in FDs to avoid black money operatikns which are top real estate. They buy by paying 1 crore but it is shown on records as 10 lakhs, similarly they sell it 1 crore but they show10lakgs on records. Where is justice and where is the system to help or protrct values of exNRI or good local persons

  • @satishchanderseth3770
    @satishchanderseth3770 12 วันที่ผ่านมา +2

    Sir, your way of explaining is very good

    • @incometaxwallah
      @incometaxwallah  12 วันที่ผ่านมา

      Thanks and welcome - keep watching

  • @RoshimSood
    @RoshimSood หลายเดือนก่อน +4

    informative and recommend all to help their parents to avail senior citizen benefits by filing income tax.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Thank you very much Mr. Sood for your compliment and positive response.

  • @user-ru2cd8xc2t
    @user-ru2cd8xc2t หลายเดือนก่อน +2

    Very very good, knowledgeable and useful information of Income tax for Senior citizens.A well educated, experienced Teacher also can't explain as you.nice,good ,well presentation.👌👌

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Thank you so much for your compliments.
      Keep watching and shareing our videos with your friends and relatives
      Also subscribe our channel

  • @harigopaldhavala9389
    @harigopaldhavala9389 21 วันที่ผ่านมา +2

    IT IS A GOOD VIDEO THAT COVERS ALL FOR THOSE WHO WISH TO FILE IT RETURN ON THEIR OWN.

    • @incometaxwallah
      @incometaxwallah  20 วันที่ผ่านมา

      feeling wonderful, you like our videos.
      your feedback matters a lot

  • @parabsk5552
    @parabsk5552 29 วันที่ผ่านมา +4

    Very informative video. God bless you.

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      Thanks, keep watching and sharing

  • @satendrakumarsirohi9158
    @satendrakumarsirohi9158 27 วันที่ผ่านมา +3

    आप के द्वारा किया गया कार्य सराहनीय है सुनकर बहुत ही अच्छा लगा

    • @incometaxwallah
      @incometaxwallah  27 วันที่ผ่านมา

      हमे सुन के अच्छा लगा कि आपको हमारी विडियो पसन्द आई
      आपका बहुत बहुत आभार
      हमारी विडियोज को देखते रहिये और अपने सवाल पुछते रहिये
      धन्यवाद

  • @RajinderKumar-fm1lb
    @RajinderKumar-fm1lb 5 วันที่ผ่านมา +2

    Sir Bahut Acche se Samjhaya Aapne

    • @incometaxwallah
      @incometaxwallah  5 วันที่ผ่านมา

      Glad you like our videos, thanks

  • @kailashkumartiwari4511
    @kailashkumartiwari4511 18 วันที่ผ่านมา +1

    Excellently explain each and everything, it's very knowledgeable for all concern.

  • @chandradubey5231
    @chandradubey5231 26 วันที่ผ่านมา +1

    Thanks for your information given in this vedio.nicely described by you

    • @incometaxwallah
      @incometaxwallah  26 วันที่ผ่านมา

      Thanks and glad you like our videos

  • @pradeepmudholkar9607
    @pradeepmudholkar9607 29 วันที่ผ่านมา +2

    Thanks for Video.

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      Glad you like our video, Thankyou so much

  • @RaviGupta-st2lv
    @RaviGupta-st2lv หลายเดือนก่อน +2

    Really valuable, Thanx

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Always welcome. our viewers feedback means a lot to us

  • @AshaKanwal
    @AshaKanwal 24 วันที่ผ่านมา +1

    Useful guidance, thanks Sir je

    • @incometaxwallah
      @incometaxwallah  24 วันที่ผ่านมา

      Glad you like our videos. Thanks
      Keep watching and sharing

  • @adarshjindal3855
    @adarshjindal3855 หลายเดือนก่อน +2

    Nicely explained. Thanks.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Keep watching and sharing our videos, thanks

    • @prakashvaidya2731
      @prakashvaidya2731 หลายเดือนก่อน +1

      Very well explained Thank you

  • @purnimabhatkal7711
    @purnimabhatkal7711 หลายเดือนก่อน +2

    Excellent. I would request you to give an example for taxable income is 6 lakhs with tax calculation

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Sure
      Old tax regime
      Income 6 lac, invest 1 lac in ppf
      Then 5 lac Income tax free.
      New tax regime
      7 lac income tax free
      It's due to section 87A.
      We explained 87a in details in this video

  • @nagarajanp8390
    @nagarajanp8390 29 วันที่ผ่านมา +3

    Thank you ❤

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      Welcome. keep watching and subscribe our channel

  • @rajendrashah9471
    @rajendrashah9471 หลายเดือนก่อน +2

    Very nice and explain in very simple language

  • @bikashchoudhury9805
    @bikashchoudhury9805 หลายเดือนก่อน +3

    Many thanks for your informative and specific video for senior citizen. Sir, If possible, please make a video on 'Tax Harvesting' on account of capital gain on Investment of Shares and Mutual Funds. Regards,

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Soon, aur aapka name bhi lenge video m

  • @kamalsaraf1503
    @kamalsaraf1503 5 วันที่ผ่านมา +1

    Very nicely explained

    • @incometaxwallah
      @incometaxwallah  4 วันที่ผ่านมา

      Thanks - keep watching our videos

  • @prahladmahanta2752
    @prahladmahanta2752 หลายเดือนก่อน +2

    Excellent

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      glad you like this video, keep watching and sharing with your friends and relatives

  • @suriyanarayanpatra1803
    @suriyanarayanpatra1803 หลายเดือนก่อน +3

    The age limit for senior super citizen has been reduced to 75 years. Isit true?

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      see, there are three kind of senior citizens as per income tax act
      1. 60 or 60+ called senior citizens
      2. 75 or 75+ called specified senior citizens only for Section 194P
      3. 80 OR 80+ called super senior citizens only to allowed ITR filing in paper form
      thats is

  • @prahladwahi
    @prahladwahi หลายเดือนก่อน +1

    Please clarify LTCG. Rebate under section 80C, Additional rebate of Rs 50,000/- towards NPS Contribution and rebate on donation is available only in old regime or in new regime also.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      old tax regime - also watch this small video for more and more clarity
      th-cam.com/video/R2uXf4udJYg/w-d-xo.html

  • @davinderbajaj8417
    @davinderbajaj8417 16 วันที่ผ่านมา +1

    Very informative Ji 👍

  • @balbirsingh3305
    @balbirsingh3305 วันที่ผ่านมา +1

    Medical expendiure when payments are made online on medicines ct scan etc. Are exemted up to 50000 and fix lt
    Leave travel concession paid after every 3 year

    • @incometaxwallah
      @incometaxwallah  14 ชั่วโมงที่ผ่านมา

      didn't get you

  • @Sah_123
    @Sah_123 19 วันที่ผ่านมา +2

    Thank guptaji foradviceto senior citizen

  • @parveensuneja405
    @parveensuneja405 หลายเดือนก่อน +2

    Well explained sir

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Thankyou so much , Keep watching us

  • @debasishnath8825
    @debasishnath8825 6 วันที่ผ่านมา +1

    Whether exemption for premium paid on mediclaim is applicable in the new tax regime for the Sr. Citizen 12:17 PM

  • @jasmeharsingh1styellowroll207
    @jasmeharsingh1styellowroll207 หลายเดือนก่อน +2

    Retirees who don't get pension but instead get ANNUITY under NPS system, whether ANNUITY amount is considered in ITR as pension/salary or income from other sources ,please clarify.

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      annuity pension is taxable under income from other source.

  • @sushmitadutta2783
    @sushmitadutta2783 12 วันที่ผ่านมา +1

    After devaluation of rupee exemption limit should be 7 lac s after that deduction for medical expenses should be given on actual basis.

    • @incometaxwallah
      @incometaxwallah  12 วันที่ผ่านมา

      you are right, but law is not like that till now.
      we appriciate your thought

  • @sasiv3076
    @sasiv3076 17 วันที่ผ่านมา +1

    Kindly clarify interest received from sovereign gold bond scheme of RBI is exemptiedrom tax

    • @incometaxwallah
      @incometaxwallah  16 วันที่ผ่านมา

      interest on SGB is fully taxable

  • @sarojmishra2405
    @sarojmishra2405 หลายเดือนก่อน +2

    Respected Sir -- Sorry to say ,'Sub se jyada loss senior citizen & pensionerska huaa hai ,profit kuchh n-hee.for an example ,commutation of pension mein ho r-ha hai ,up to 15 years. 40% basic Kati jati hai jub ki 8&1/2 years mein complete ho jata .18months ka D.A.arear ruka huaa hai.sarkar sun n -hee r-hee hai.Punjab &Hariyana high court & Gujrat High court nirnay de chuke hai.central govt.pensioners pareshan hai.Thankyou.

  • @rameshsolanki2328
    @rameshsolanki2328 3 วันที่ผ่านมา +1

    Which ITR form should I choose being a Senior Citizen below 80 years if I have rental income from my one house property. I have no income from capital gains, shares , mutual funds etc.

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      ITR 1 is applicable for you
      Subscribe this channel for more valuable updates

  • @mahiboobs9518
    @mahiboobs9518 หลายเดือนก่อน +2

    Superb expression sir

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      All feedbacks of our viewers are our motivation. Thanks 🙏

  • @sohitsingh8087
    @sohitsingh8087 วันที่ผ่านมา +2

    Truly..ye government.. kuch deti nahi le lete hai... 1 rs degi...news banayenge..or 10 le legi...

  • @rajendrabhardwaj3335
    @rajendrabhardwaj3335 หลายเดือนก่อน +2

    Bank had credited pension for the month of March 2024 on 31.03.2024 which was payable on or after 01.04.2024.For filling of tax return F. Y 2023-24, since it is advance credit, how to reflect in Form No 10E , so as to claim rebate u/ s 89(1)

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน +1

      see, salary / pension is taxable on due basis.
      Hence, include march pension in income of FY 23-24 and file form 10E

  • @shaikkhaderhussain4500
    @shaikkhaderhussain4500 หลายเดือนก่อน +2

    Very good video explaining everything for the senior citizens. I file my IT return every year for myself and claim refund of TDS amount also. I have one doubt please reply, sofar I have filed my returns in old regime, can I file it under new regime? When can I expect 26AS, sofar it is not showing in the portal. Thank you if you could reply me early.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน +1

      Uff so many questions
      1. 26 AS, AIS , TIS will be updated hopefully by 5th June.
      2. If you are pensioners, then you can change tax regime if no business income.
      3. To avoid excessive TDS deduction, use form 15 H
      At last, thank you so much for your lovely compliment about video

  • @user-ts4sy9sq2p
    @user-ts4sy9sq2p หลายเดือนก่อน +2

    Is Trading in FNO is liable for advance tax ,and which is this section by which senior citizen are spared from depositing advance tax .Thanks in advance.

  • @dsr9329
    @dsr9329 หลายเดือนก่อน +3

    Sir,good morning. Very useful information for we retired people.
    Sir I am a retired person, my source of income is pension ,interest & gains from stocks as well as mutual funds. I accessed my tax for the fy 23-24 using income tax official tax calculator but it did not consider the standard deduction and also showed interest on tax payable as no advance tax paid by me
    Please let me know reasons for not getting standard deduction benefit and imposition of interest.
    Thanks n regards

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      standered deduction is available, you making mistake at some point in online itr filing

    • @dsr9329
      @dsr9329 หลายเดือนก่อน

      @@incometaxwallah thanks. Pl let me know that also why interest is levied on tax as senior citizens are free from advance tax payment?

  • @ManojVerma-iy4yr
    @ManojVerma-iy4yr หลายเดือนก่อน +3

    Medical treatment par st.citizen ne cash me spent kiya to Kya 80D ka benefit le skate hai ?.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      see,
      if he / she have policy, then cash expenses upto 199,999 allowed
      but if no mediclaim policy but want to claim deduction u/s 80D - Then all payment must be through banking channel

  • @anandjamkhandi3182
    @anandjamkhandi3182 วันที่ผ่านมา +1

    Whether Medical Helth Insurance premium paid is deductible under new Tax Regime?

  • @rpmittal7718
    @rpmittal7718 26 วันที่ผ่านมา +1

    Nice Information

    • @incometaxwallah
      @incometaxwallah  26 วันที่ผ่านมา

      Thanks, keep watching and sharing

  • @shashankaranjandhar1484
    @shashankaranjandhar1484 หลายเดือนก่อน +1

    Share market Day Trading income is treated as business income or non business income?

  • @prakashvaidya2731
    @prakashvaidya2731 หลายเดือนก่อน +2

    How to save tax on long term capital gain (sale of open plot) ? Please explain

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      there ARE three ways.
      1. Open Capital Gain Deposit account in bank and deposit entire sale amont in bank to buy in next 2 years or construct in next 3 year a residential property.
      2. Investment in Capital Gain bond and claim exemption upto 50 Lac u/s 54EC
      3. invest amount buying - in next 2 years or construct in next 3 year a residential property right now.

  • @gangadharbhardwaj
    @gangadharbhardwaj 6 วันที่ผ่านมา +1

    very nice

    • @incometaxwallah
      @incometaxwallah  5 วันที่ผ่านมา

      Hame Khushi hoti h jab hamare viewers ko hamari video pasand aati hai.
      Thankyou so much

  • @ravidewan9177
    @ravidewan9177 10 วันที่ผ่านมา +1

    Thanks for wonderful video. to guide the seniors
    Sir please guide
    Pmvvy pension amt. to be added in salary column
    As pension / annuity
    OR
    Intt. Column
    Please. Guide
    Thanks

    • @incometaxwallah
      @incometaxwallah  9 วันที่ผ่านมา

      Thank you so much for your compliments. keep watching us.
      mention it in pension income under income from other source

  • @subhashpopli1145
    @subhashpopli1145 วันที่ผ่านมา +1

    Is their capital gain tax on the sale of agricultural property acquired more than 50 years ago? Is there no liability to compulsarily purchase property of a certain amount within a certain period?

    • @incometaxwallah
      @incometaxwallah  13 ชั่วโมงที่ผ่านมา

      see first of all , you must know that your agriculture land is covered under rural or urban land.
      watch this video
      th-cam.com/video/0ZYEEwRfsSY/w-d-xo.html
      if rural than fully tax free
      if urban - then all documents has to see and do tax planning

  • @sushmitadutta2783
    @sushmitadutta2783 หลายเดือนก่อน +2

    If Senior citizen h as more accounts in 8- 10 accounts, and dividend,pension income.

  • @rajeevgoel5065
    @rajeevgoel5065 25 วันที่ผ่านมา +1

    Dono tax regimes m post office k saving bank account per milne wala interest kya sec 10(15)(ii) m alag se exempt h 3500 single account m aur 7000 joint account m ?

    • @incometaxwallah
      @incometaxwallah  24 วันที่ผ่านมา

      there is no such seprate exemption other than section 80tta or 80ttb

  • @sabyasachichatterjee5398
    @sabyasachichatterjee5398 หลายเดือนก่อน +2

    Can one claim 50000 debate on interest income in new regime.If medical insurence can be claimed for debate in new regime of income tax calculation.I am a senior citizen of 65 yrs of age.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      50000 for interest, mediclaim insurance not available in new tax regime

  • @shantisarup2034
    @shantisarup2034 15 วันที่ผ่านมา +2

    Mention additional benefits to seniors in new tax regime , rather 80 TTB has been disallowed.

  • @narendragandhi3482
    @narendragandhi3482 หลายเดือนก่อน +2

    I am a senior citizen.My income of interest from bank deposit for the year is
    Rs.840000, Bank has deducted TDS RS.84000.My pension income for the year is RS 480000.I am a retired bank employee.My pension income is less than RS.5 lakhs, so they have not deducted income tax for the year.Please guide me when I have to pay balance amount of income tax

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      considering your income -
      1. New Tax regime is best for you
      2. pay your remaining tax liability at the time of filing ITR
      SUBSCRIBE OUR CHANNEL AND SHARE VIDEOS MAX TO SPREAD TAX AWARENESS

    • @narendragandhi3482
      @narendragandhi3482 หลายเดือนก่อน +1

      Thank you for your quick response.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      welcome

  • @rssrds
    @rssrds 2 วันที่ผ่านมา +1

    I am a Sr. Citizen aged 74 years having interest income more than 100000/-. Whether deduction U/S 80TTB Rs.50000/- is admissible in new regime. Law says -Yes but you say - No.

    • @incometaxwallah
      @incometaxwallah  วันที่ผ่านมา

      deduction u/s 80TTB is available in old tax regime only to all categories of individual tax payers whether seniors or non senior citizens

  • @user-fl8hk3yl3l
    @user-fl8hk3yl3l 5 วันที่ผ่านมา +1

    Does the donation payment qualify for tax exemption under new regime for super senior citizens.

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      in new tax regime donation is not eligible for deduction
      However you may watch this video for more clarity
      th-cam.com/video/R2uXf4udJYg/w-d-xo.html

  • @manaschoudhury8471
    @manaschoudhury8471 หลายเดือนก่อน +2

    My total income is 8 lakh approx, and i am senior citizen, what will be my tax liability in old and new tax regime? I am having 80 c rebate 1.5 lakh, nps 50k, interest 50 k, medi claim 32k,.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      what is source of income of this 8 Lac. pl explain source wise.

  • @shantisarup2034
    @shantisarup2034 26 วันที่ผ่านมา +1

    What is the use of form 15 H, if the income is above taxable limit ?

  • @syedpasha688
    @syedpasha688 25 วันที่ผ่านมา +1

    Hi tds nakate iske liye farm 15a kya akhbar hi bharna padta hai yaa har financial year ain meri fix deposited se income265000 pa
    Hai aur koi incmenahin hai😊

    • @incometaxwallah
      @incometaxwallah  24 วันที่ผ่านมา

      har financial year ke starting mai submit karna hota hai

  • @vijaydabade3224
    @vijaydabade3224 หลายเดือนก่อน +2

    If the interest earned by a Sr Citizen on bank FDs is 4 lakh in a financial year can he submit 15H and pay the entire tax while filing the tax return?

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      1. on 4 lac , there is no tax liability
      2. can submit form 15 h

  • @DilipDespande
    @DilipDespande 4 วันที่ผ่านมา +1

    Sir pl advise whether interest on deposit in NHAI for 5 years(capital gain bonds 5 per cent) is taxable under head income from other heads

    • @DilipDespande
      @DilipDespande 4 วันที่ผ่านมา +1

      Sir pl advise

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      yes, interest on bonds of NHAI , REC are fully taxable under head income from other sources
      Subscribe this channel for more valuable updates

  • @bijenderbijender1026
    @bijenderbijender1026 19 วันที่ผ่านมา +1

    Senior citizen ke liye achhi jankari dete ho ji.

    • @incometaxwallah
      @incometaxwallah  19 วันที่ผ่านมา

      Thanks, keep watching and sharing our videos

  • @anshurawat6305
    @anshurawat6305 หลายเดือนก่อน +2

    Sir, I retired from government job in July last year. Till July I received HRA total Rs 107500 for FY 23-24. Still I am living in rented accommodation paying Rs 23000/- per month. How much exemption I can show in ITR. Please clarify. I am getting pension Rs 55000/- per month.

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      see, as far as our knowledge, after retirement , no one received HRA Iin pension
      hence, you are eligible to take HRA Exemption only upto date of retirement. even you are paying rent after retirement
      use this calculator to know your hra exemption online
      letsmakecompany.com/hra-calculator.php

  • @AnilGupta-gj3bj
    @AnilGupta-gj3bj 5 วันที่ผ่านมา

    I am a senior citizen. I took hdfc life policy payment before maturity in May 23 after running it more than 5 years. Will it be taxable or not. If deduction admissible, let me know under what section it is permissible. The ins. Co the gain amt in AIS ad receipts from hdfc life and deducted TDS @5%. Pl let me know how it be treated in ITR

    • @incometaxwallah
      @incometaxwallah  2 วันที่ผ่านมา

      as you run policy for more than 5 years hence surrender proceeds are tax free.
      no need to write policy proceeds anywhere, just claim tds
      Subscribe this channel for Latest Updates and Solutions

  • @rajkumarwadhwani1020
    @rajkumarwadhwani1020 หลายเดือนก่อน +2

    Sir what about liability still paying EMI for home loan principle + interest

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      for interest - you are eligible to claim exemption u/s 24b upto 2 lac
      for principal - deduction u/s 80C upto 150000

  • @syedashraf5070
    @syedashraf5070 29 วันที่ผ่านมา +3

    Kiya Karan bana ke Senior citizen ko milraha tha railway concession jis ko band kardia gaya,Aaj vote ki pari hai to senior citizen ki yaad aagayi.

  • @incometaxwallah
    @incometaxwallah  หลายเดือนก่อน +6

    Subscribe us for Senior Citizen Tax Benefits Related Videos.
    Team Income Tax Wala

  • @YouThFun
    @YouThFun 5 วันที่ผ่านมา +1

    Sir 80D mai medical expenditure ki condition aapne saari nahi clear kari kya sara expense other than cash mode se hoga tabhi 50000 tak ki rebate milegi ya cash hua tab bhi mil jayegi

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      other than cash par deduction milegi u/s 80d

  • @satyapaulkanjlia7346
    @satyapaulkanjlia7346 11 วันที่ผ่านมา +1

    Very useful information. I am 84 year old NRI. Are all benefits, including medical expenses, available to NRIs.

    • @incometaxwallah
      @incometaxwallah  11 วันที่ผ่านมา

      Few available to nri and few not

  • @sudhirsurolia2474
    @sudhirsurolia2474 หลายเดือนก่อน +2

    Senior citizen was not get any Life policy but certain got ill and medical treatment Rs25000.00 paid to hospital he is benifit for I tr file time

  • @mukeshshah9044
    @mukeshshah9044 หลายเดือนก่อน +2

    मेरे द्वारा 135000/- म्युचुअल फंड से निकले गए हैं जो 10 से 15 वर्ष पूर्व के म्युचुअल फंड थे वह आय में जोड़कर घटाएंगे या उस पर टैक्स लगेगा कृपया अवगत करावे धन्यवाद

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      ये मुच्वल फंड का पैसे जो आपके मिले हैं ये कैपिटल गैन के तहत ट्रीट होंगे और इस पर लोंग टर्म कैपिटल गेन टैक्स लगेग़ा
      इंक्मम मै नैट प्रोफिट शामिल होगा

  • @virbahadursingh836
    @virbahadursingh836 หลายเดือนก่อน +2

    Seven lakh are dsid to be tax free but the कैलकुलेशन ऑर made फ्रॉम 250,000.व्हात इस this ,are we fools?

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      My Dear , bhai saab naraj mut hoiye.
      calculation 2.5 lac yaa 3 lac se hi hogi but section 87a ki rebate mileti aapko. jiski wajah se 5 lac in old TAx regime and 7 lac in new tax regime mai income par tax nahi dena.
      lekin agar income in limits se jyaada hoti hain to tax rebate nahi milati

  • @wattansingh5932
    @wattansingh5932 หลายเดือนก่อน +2

    I got registration of my flat in 2023, am I eligible for any relief in income-tax? I am a senior citizen and I have a house and this is my 2nd house property. I am living at both the places I.e self occupied

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      yes, you are eligible for all reliefs and deduction exemption which are allowed to senior citizens.
      watch our video till end to get valuable updates and subscribe us

  • @TanmoyBiswas-tc7mt
    @TanmoyBiswas-tc7mt 19 วันที่ผ่านมา +1

    Good afternoon sir new regime income tax slab for A.Y. 2024-25 it is show up to 3 lakh - nil,3-6=5% is it wrong? Please reply my answer

  • @UKCygnus
    @UKCygnus หลายเดือนก่อน +2

    Does medical insurance premium payment for Senior citizen qualify for tax deduction under new tax regime?

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      medical insurance or medical expenditure deduciton not available in new tax regime

    • @datarambhatt1212
      @datarambhatt1212 7 วันที่ผ่านมา

      Sir, मैंने old regime के तहत 80c डेढ़ लाख की राशि घटाई परन्तु बाद में पता चला किमेरे पास LIC और PPF में 1 लाख ही हो रहे है।अब क्या करे? यह इनकम टैक्स मैंने REVISED के अंतर्गत परसो ऑनलाइन भर कर भेज दी है।मैं पेंशन भोगी हूँ ।

  • @RamDayalRaigar-yf5li
    @RamDayalRaigar-yf5li หลายเดือนก่อน +2

    मैं 60 वर्ष का होने के कारण 31 दिसंबर 2024 को सेवानिवृत्त हो रहा हूँ | मेरी वित्त वर्ष 2024-25 के लिए आयकर विवरणी (ITR) वरिष्ठ नागरिक के तौर पर भरी जाएगी या नहीं ?

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      वित्त वर्ष 24-25 मै आपकी आयकर विवरणी वरिष्ठ नागरिक के तौर पर ही भरी जाएगी
      आप्के सवाल पुछने के लिये आपका बहुत बहुत धन्यवाद
      हमारे चैनल को सब्सर्क्राईब करे

  • @vinayakkumar4380
    @vinayakkumar4380 6 วันที่ผ่านมา

    Dividend received on Shares is taxable or not sell of shares taxable or not Please advise

    • @incometaxwallah
      @incometaxwallah  6 วันที่ผ่านมา

      Dividend is fully taxable.
      Long term gain on shares first 1 lac tax free remaining taxable @10%
      Short term gain fully taxable @15%

  • @gopalchoudhary5352
    @gopalchoudhary5352 วันที่ผ่านมา +1

    Rental income pe TDS exemption ki limit kya hai ,circular batayen

    • @incometaxwallah
      @incometaxwallah  วันที่ผ่านมา

      read section 10 (13) a
      this section provisons and calcuions are under this link
      letsmakecompany.com/hra-calculator.php

  • @user-on9os9uj2n
    @user-on9os9uj2n หลายเดือนก่อน +2

    Sir,my father was Super Sr Citizen and expired in Feb 2022 at the age of 89 years.
    His forms 16A of Bank shows tds deducted upon 04 fixed deposit r receipts in two names,E or S,first name is of father.
    Our CA advised us not to file any returns and forget tds deducte for FY 2021-22,2022-23
    Now, can we get refunds from ITax department .....or not...please tell

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      your ca is right, refund is not possible now.

  • @jaichandthakur4559
    @jaichandthakur4559 4 วันที่ผ่านมา +1

    Sir C.A.Sh. Gupta Ji,Plz ask Govt I.T. Deptt. to make System easiest, so that Sr. Citizens 75+ Agers r feel quite easy,If its possible?

    • @incometaxwallah
      @incometaxwallah  4 วันที่ผ่านมา

      you are right Mr. Thakur, we are also of the same view as of you.
      but department says, people will misuse those provisions

  • @deepakdave4807
    @deepakdave4807 หลายเดือนก่อน +2

    Interest paid and Interest accrual kya different hai

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      You asked a very very intelligent question.
      Interest paid means interest which you have received in your bank account.
      on other hand
      Interest Accrued means interest you have earned but not received in bank account. you must receive it on a certain date .
      Hope, your doubt cleared.

  • @kbaliyan
    @kbaliyan 29 วันที่ผ่านมา +2

    Nothibg new. But dudnt you miss the deduction for annual meduc test upto Rs 3000/ ?

    • @incometaxwallah
      @incometaxwallah  29 วันที่ผ่านมา

      thanks for your feedback, we will take care of it.
      annual preventive health checkup deduction of 5k - we covered it under section 80D in this video
      apart from it - there is no other annual meduc test upto 3k

  • @deepakthakkar8055
    @deepakthakkar8055 24 วันที่ผ่านมา

    What about rental income of senior citizen. How much and when to pay and any deductions to seniors??? Please reply. Thanks 🙏

    • @incometaxwallah
      @incometaxwallah  24 วันที่ผ่านมา

      There is no special deduction to senior citizens for rental income

  • @bimalkumarmajumdar560
    @bimalkumarmajumdar560 หลายเดือนก่อน +2

    Super senior citizen 75 se Hona chahie Nahin to 100 varsh complete hone ke bad senior citizen ka facility Milana chahie

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      good, but one thing should be there, 75+ par super senior citizen ker dena chahiye govt ko .

  • @ashishbansal3669
    @ashishbansal3669 26 วันที่ผ่านมา +1

    7:05: Agar health insurace senior citizen ke bachchon ne apne office se karaya hai, means premium senior citizen nahi dete, is case mein medicine bill ya doctor/lab test ka 50k claim kar sakte hain? (What if these exps paid in cash)?

  • @cksaha8781
    @cksaha8781 4 วันที่ผ่านมา +1

    अगर AIS TIS & FORM 26AS interest paid & TDS match नही करता है तो क्या करे

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      solution is in this video
      th-cam.com/video/xWOFfKLlA8I/w-d-xo.html

  • @chandrakantparab888
    @chandrakantparab888 หลายเดือนก่อน +2

    I am 65 year old my income from intres and pension total rs.225000 then necessary to file ITR .

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      if bank deducted your tds - file itr mandatorily and take tds back
      else its not necessory to file itr for 2.25 lac income

  • @jyothibabu471
    @jyothibabu471 3 วันที่ผ่านมา +1

    80D whether benefit is available for sr.citizens in New tax regjme

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      no but watch this video
      th-cam.com/video/R2uXf4udJYg/w-d-xo.html

  • @madanmohan5374
    @madanmohan5374 หลายเดือนก่อน +2

    Hello namaskar, My age is 70 years. I am a Rajasthan govt pensioner. My income is from pension, Bank and post office interest and MF, equity (under 1 lakh) . Which IT R form I can use ? ITR -I or ITR-2

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      you must file Your Tax return IN Form ITR -2

  • @abdulrahimkhan5714
    @abdulrahimkhan5714 หลายเดือนก่อน +2

    Ag+82 years hae Aarsae sae Tadapkar Life Kat rahe hae Story Sune payment due he raha .

  • @jaanuyadav-ob4qn
    @jaanuyadav-ob4qn หลายเดือนก่อน +2

    Sir mere papa apne service se ritaird ho gaye hai to apna a/c se 20 lakh nikal liye hai to income tax notic aa sakta hai

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน +1

      20 lac cash withdraw kiye hain bank se to chances hain ki clarification ke liye notice aaye.
      Ask more and more questions, our team will reply.
      Subscribe our channel also

  • @NirmalGopiChand
    @NirmalGopiChand 15 วันที่ผ่านมา +1

    While filling ITR for ay 2024-25 (pertaining to the previous year 2023-24) the tax due is to be paid with interest (for the period from April 01, 2024 to the date of filling ITR? Please clarify.

    • @incometaxwallah
      @incometaxwallah  15 วันที่ผ่านมา

      Nice question,
      Tax has to pay from September 23 to month of filing ITR. It's due to advance tax provisions

    • @NirmalGopiChand
      @NirmalGopiChand 14 วันที่ผ่านมา

      @@incometaxwallah
      Not yet clear.
      My question was about interest on tax due or not?
      While submitting ITR for ay 2024-25
      (Pertaining to the previous year 2023-24) by senior citizens, the tax due was around Rs. 9,000/-. My question is whether any interest is due on Rs. 9,000/- and if yes from which date?

    • @incometaxwallah
      @incometaxwallah  12 วันที่ผ่านมา

      Interest on tax has to pay from September 23 to month of filing ITR. if your total tax due is 10 k or more for finanical year 2023-24

    • @NirmalGopiChand
      @NirmalGopiChand 12 วันที่ผ่านมา +1

      @@incometaxwallah
      What if the senior citizen is filling the ITR?

    • @incometaxwallah
      @incometaxwallah  12 วันที่ผ่านมา

      then no interest on late payment will be applicable

  • @darshansinghchandigarh9444
    @darshansinghchandigarh9444 22 วันที่ผ่านมา +1

    Is there a benefit of 80DD to senior citizens in the new regime?

  • @kedarnath927
    @kedarnath927 18 วันที่ผ่านมา +1

    अगर वरिष्ठ नागरिक को पेंशन के साथ एक्स ग्रेसिया
    का पैसा मिलता है तो क्या इक्सग्रेडिया का पैसा इनकम
    टैक्स में आता है क्या ।
    अगले वीडीओ में बताइएगा ।

    • @incometaxwallah
      @incometaxwallah  18 วันที่ผ่านมา

      yes. exgratia is taxable
      sure, will cover in a video

  • @kripamoypal
    @kripamoypal 21 วันที่ผ่านมา +1

    Sir
    Profile incometax fir sr citizen though showing but it doesn't include deduction under 80 c ie Rs 1.5 lac
    It not allowing to edit for correction
    which taken last year.
    This is a problem I fetch to file
    Thank you for your lovely vdo published
    K.M.Pal
    Retired Civil Engineer

    • @incometaxwallah
      @incometaxwallah  19 วันที่ผ่านมา

      80c deduction will be shown if you file itr in old Tax regime

  • @pundalikhegade5944
    @pundalikhegade5944 หลายเดือนก่อน +2

    आप और अलग हर व्हिडीओ मे,हर समय सि.सिटीझन की व्याख्या कुंव बताते. सिधे मुद्येपर क्यं क्यौं नही आते

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน +2

      ये व्याखया इसलिये बतानी होती हैं क्यु कि बहुत से लोग ऐसे हैं जिन्हे बेसिक रुल्स नही मालुम होते- इसलिये बेसिक से शुरु करके मुद्दे पर डिप मै जाते हैं हम अपनी बात करे तो . अब जो लोग विडियो को एंड तक देखते हैं उन्हे बहुत सी नही बाते पता चलती हैं
      और टैक्स भी बचा लेते हैं

  • @user-qh6hd1oq9k
    @user-qh6hd1oq9k 5 วันที่ผ่านมา +1

    Sir how to file ITR? By Google play store apps? Which app is good?

    • @incometaxwallah
      @incometaxwallah  3 วันที่ผ่านมา

      most of app for filing itr are fraud
      use our website to file itr
      letsmakecompany.com/income-tax-return.php

  • @rohitgavhane14
    @rohitgavhane14 หลายเดือนก่อน +2

    Hi sir, meine ek pan banaya hai lekin usne mobile number and email id dusre ki hai, pan card ka photo bhi kisi ke ps hai, to kya vah mere bank details, transaction, balance etc. Dekh sakta hai ya nahi, fraud krke, agar ha to kya mein dusra pan bana lu,plz reply

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      Connect with us on WhatsApp 8448820207

  • @mahendramehta8916
    @mahendramehta8916 หลายเดือนก่อน +2

    Mera epf pension pure salme total 24000/- hai. To ye income muje direct maf hota hai ya 50000/-

  • @ranjeetbabu9542
    @ranjeetbabu9542 หลายเดือนก่อน +2

    Sir sr citizen pension income RS five lac int fd income two lac can submit form 15 h to bank pl clear thanks

    • @incometaxwallah
      @incometaxwallah  หลายเดือนก่อน

      off course yes, and file your itr in new tax regime.