जानिए 7 लाख रूपये तक की आय पर कोई इनकम टैक्स कैसे नहीं लगेगा ? | सी.ए. अनूप भाटिया 

Dhanyavaad

Dhanyavaad :)

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Shukriya Sir.

Dhanyavaad.

Hari Om Sir. Thanks for kind appreciation.

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Very nice

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If needed you may connect at 9571055666

Under New Regim if income is Rs 720000 and being a pensioner Standard Deduction of Rs.50000is available hence taxable income becomes Rs 670000 Pl confirm no Tax is payable with availability 87A

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Welcome Shibu bhai.

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Always welcome

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Glad you think so!

Thanks and welcome

My pleasure Sir.

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Jai Hind Sir.

Glad it was helpful!

Sir if your son is suffering from the disease mentioned in section 80DD or 80DDB then you may claim deduction under the old scheme.

Thank you 🙂

Thanks and welcome

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Thank you 🙂

Pls refer this link for more clarity: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-XCvvIFh40-4.html

It may be, let's see.

Opo

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Sure.

Pls refer this link for more clarity: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-XCvvIFh40-4.html

If salaried paid such switching is possible

I also have doubt on this.

Yes

No, that is misinterpreted, standard deduction is upto 50k for any amount under head "income for salaries" in proposed/revised new tax regime if you look at the speech of FM, she said - "I propose to extend the benefit of standard deduction to the new tax regime. Each salaried person with an income of Rs 15.5 lakh or more will thus stand to BENEFIT by Rs 52,500" (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-TYGXZtxSuEI.html) Many interpreted this as standard deduction of ₹52500 is available for income of ₹15.5L & above, which you have done as well Let us calculate the income tax for gross total income of ₹15.5L (assuming this has "income from salaries" head) according to exisiting new tax regime and proposed new tax regime existing new tax regime, tax will be- 0 to 250000 = 250000 * 0 = 0 250000 to 500000 = 250000 * 5% = 12500 500000 to 750000 = 250000 * 10% = 25000 750000 to 1000000 = 250000 * 15% = 37500 1000000 to 1250000 = 250000 * 20% = 50000 1250000 to 1500000 = 250000 * 25% = 62500 1500000 to 1550000 = 50000 * 30% = 15000 ------------------------------------------------total = 202500.......4% cess extra proposed new tax regime, tax will be- we deduct 50k from 15.5L as standard deduction, so we will calculate upto 15L 0 to 300000 = 300000 * 0 = 0 300000 to 600000 = 300000 * 5% = 15000 600000 to 900000 = 300000 * 10% = 30000 900000 to 1200000 = 300000 * 15% = 45000 1200000 to 1500000 = 300000 * 20% = 60000 ------------------------------------------------total = 150000.......4% cess extra difference = 202500 - 150000 = 52500 this is what they meant by "benefit by 52500", if one person with 15.5L income moves from existing new tax regime to proposed new tax regime So, standard deduction of 50k is always applicable for any income amount ,not just 15.5L, in the proposed new tax regimebut yes only on "income from salaries" head

No that's not the interpretation, I will clarify through a seperate video soon.

Thanks

It would depend upon the income figure even.