2024 Income Tax Saving and Tax Planning Guide | New vs Old Regime | Assetyogi Show #4

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Income tax saving tips and tax planning guide for 2024. New Tax Regime vs Old Tax Regime: Which is better from a tax-saving point of view for each salary bracket?
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Tax Saving Calculator - Old & New Regime:
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With an easy to use Tax Calculator, you can calculate income tax and increase tax savings in different salary brackets. We’ll cover deductions under Sections 80C and 80D, HRA exemptions, LTA claims, Section 24 deductions and a lot more.
0:00 Intro
0:36 Pay ₹0 Tax on Salary Income
01:19 Which Tax Regime is better?
03:20 How to get Maximum Deductions?
03:25 Tax Deductions in Old Regime
04:05 EPF
05:18 HRA
06:43 Children’s Education Allowance
07:04 LTA
07:39 Reimbursements
08:09 Standard Deduction
08:21 Deduction under Sec-24
09:55 Deductions under Sec-80C
14:07 Taxable Income
17:13 New Tax Slabs
17:52 Deductions in /New Regime
20:24 Important Tips
About the Video
The government has announced new income tax slab rates and a new tax regime has altered the calculation of income taxes. We all want to save in tax but most people don’t know about tax-saving investments, deductions and exemptions available to them. We either hire a tax expert for tax planning or do it ourselves.
Our detailed Excel calculations will help you understand how to make the most of various tax-saving options, including Section 80C deductions on investments, HRA exemptions, LTA claims, and Section 24 house property loss deductions. Learn how to leverage Section 80D benefits, explore the nuances of education loan tax exemptions under Section 80E, and gain insights on switching between the old and new tax regimes. Whether you're a salaried individual or a business owner, this video will equip you with the knowledge to make informed decisions that optimize your tax savings every financial year.
1. In this video, we’ll cover the following concepts:
2. New tax regime vs old tax regime.
3. Which tax regime is better for saving income tax?
4. Income Tax Saving Tips
5. How to maximize tax savings for salary income?
6. What are the tax saving options under the new tax regime?
7. Best tax saving options under old and new regimes?
8. What are the new tax slab rates?
9. Effective tax planning tips for 2024
10. How to plan taxes for salary income?
11. Is the new tax slab more beneficial?
12. How to save more tax on salary?
13. Tax planning guide for individuals.
14. Tax savings with joint home loan

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#TaxPlanning #NewTaxRegimeVsOldTaxRegime #AssetYogiShow

Опубликовано:

13 июн 2024

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Комментарии : 918

@AssetYogi 14 дней назад

Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

@KOUSHIKSAHA-ju4zd 4 месяца назад

Extremely helpful video..hats off to you that you provide these precious videos without charging any fee ...❤ Thank you sir ...

@CA_Surajdeo 5 месяцев назад

Adding few points for people who make some COMMON MISTAKES while focusing on TAX SAVING: 1. Saving taxes should be incidental, not the primary driver of your investment decisions. 2. Prioritizing tax savings can lead to suboptimal choices. So, Investments should primarily align with your financial goals like child education, wealth creation, retirement planning, Foreing trips (why not) etc 3. Chasing tax breaks with short-term investments might provide momentary gains but may not contribute to long-term wealth growth. Focus on investments with higher potential returns, even if they offer less immediate tax relief.

@CA_Surajdeo 5 месяцев назад

Simply put, if you can claim more deductions and exemptions then choose the old regime, otherwise the new regime.

@anilkumarbuddha5986 5 месяцев назад

सर शायद सैलरी बेस्ड लोगो के लिये ओल्ड रेजीम ही सही क्योंकि टैक्स बचाने के बहाने ही लोगोँ के पास के पास छोटी मोटी सेविंग हो जाती है। एवम सरकार के उपक्रमो को भी रुपया मिल जाता है। नए रिजीम में शायद इस कम है। आपका सुझाव स्वागत योग्य है।

@CA_Surajdeo 5 месяцев назад

@@anilkumarbuddha5986 completely true, BIlkul sahi Anil ji, Old best hai. Ushme forced saving hota hi, aisa 80C 80D etc ka option na rahe like tax benefit etc to kayi log jo thora saving investment etc old regime k karan karte the, wo bhi karna band kar denge.

@anilkumarbuddha5986 5 месяцев назад

@@CA_Surajdeo Ji Sir bilkul sahi kaha apne.

@CommercekiDuniyabyjeet 4 месяца назад

New tax regime is leading to not to invest your money

@chetankale3907 4 месяца назад

After seeing so many videos, your video made a clarity about tax saving with very good example Thank you

@vincentjr8013 5 месяцев назад

Last year if some one have bussess income , but this year they don't have bussines income then what happen ? Can they switch between regimes ?

@samratchakraborty8755 5 месяцев назад

Hi, Can you please clarify - 1) If the gratuity amnt. has been considered part of CTC, will it be factored under taxable income in the New Tax regime? 2) What about Professional Tax, will that also be considered in the New regime? looking for your answer. Thanks in advance.

@navleensingh3807 4 месяца назад

In new tax regime Professional tax is not deducted and is considered a part of income.

@mrbishtji 5 месяцев назад

Thank u Asset Yogi for the useful info. . best part is to the point solution no faltu gyaan.

@rajanrasal2677 2 месяца назад

Sir, your videos are very helpful n informative. I appreciate your way of communication. Very clear n pleasant. All d best. Keep it up. Thanks again.

@user-cario 5 месяцев назад

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 7k in August 2023...

@George_vino 5 месяцев назад

Hello, how do you make such a monthly income? I'm a born Christian, and sometimes I feel down about myself because of my low finances. But I still believe in God.

@dustinlynn3348 5 месяцев назад

most people fail to understand that living a Life without passive income isn't worth much except trying to pay off debts and loans.

@user-cario 5 месяцев назад

To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.

@MUM_SANDRA 5 месяцев назад

Mr Charles Lucas financial education have really made name for himself, he's highly recommend best TA guy by for worked with during the fall

@ahmedla7773 5 месяцев назад

I can sincerely say Mr Charles Lucas is one of the best Traders I have ever seen in the state in the past few years, now reducing losses and ensuring profits

@navya3481 5 месяцев назад

Can you also make a video on capital gain? I am specifically looking for information on STCG when it is the only income in the year. Can we use any exception/deduction for STGC? If STCG is 15L, is it taxed flat 15% or does it also fall under slabs and the tax will only be on 10L? Thanks in advance!

@cachandraprakash943 Месяц назад

STCG on listed share is taxable @15% Also you can enjoy your slab benefit of 2.5 lakh

@ajayraval5130 4 месяца назад

Great video with detail comparision amazing Work by You sir ❤❤❤

@tarundhawan9338 4 месяца назад

@assetyogi this excel is superb the only thing to add would be is the net tax that a person will have to pay with the deduction on each level

@vidhantiwari3314 5 месяцев назад

Yogi sir, What maximum amount of HRA can be claimed for rent of house owned by parents?....is there any limit or not?

@AssetYogi 5 месяцев назад

Same as explained in the video 😊

@LucaArthur10 29 дней назад

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

@TheoXavier-5 29 дней назад

Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.

@Russelbobby45 29 дней назад

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

@JohnMichael007 29 дней назад

I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

@AdamNicholas-3d 29 дней назад

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

@BradleyRaiph 29 дней назад

Trading under the guidance of an expert is the best strategy for beginners.

@abentertainment8399 5 месяцев назад

This video is very informative. Thank you sir.👍

@TRUEIndian413 4 месяца назад

Thanks a lot Sirji. As always very useful and informative video

@AssetYogi 4 месяца назад

Always welcome

@sagarshinde4886 5 месяцев назад

Thanks for the information but how can we deduct employers PF contribution from salary calculations? Under which section?

@suhasgali4796 5 месяцев назад

I too got to know this new info, employer contribution they will only give in your form 16, our contribution we need to put in 80c section, this is what I thought..

@CA_Surajdeo 5 месяцев назад

Sagar, only the Employees’ contribution to the EPF account is eligible for deduction under Section 80C. Employer’s contribution (also tax free) is not eligible for deduction under Section 80C.

@gopalgarasiya4538 5 месяцев назад

As a teacher i want to save my Tax my income is around 8lac per annum. Make such a informative videos for teachers .. 🙏🏻

@lulsec 5 месяцев назад

You don't fall under taxable income bracket !

@meetvaghasiya3681 5 месяцев назад

Choose old regime 1.5 lakh elss, epd or ppf 50k nps Other 50k deduction yoi have to do from medical insurance, children education , travelling, 80ccd(2) , home load , or rent. Whatever applicable

@vaishakb8095 Месяц назад

extremely helpful sir. Best ever tax regrading explanation!!

@chittepuprasadareddy5314 5 месяцев назад

Very nice explanation Thank u very much Sir

@vitthaldoiphode5958 5 месяцев назад

Very informative video sir😊.. Could you please tell us that which rule says that the basic salary of employee should be 50% of their gross CTC? and how can I ask my HR to to restructure my salary if he is not agree?.. Our company gives only 25% of CTC as a basic salary and because of that we are loosing lot of tax deductions like HRA limis... Sir please help in the same.

@AnilPrajapati-fz5ti 5 месяцев назад

There is new rule from last year which says your basic must be 50% of your CTC

@vitthaldoiphode5958 5 месяцев назад

@@AnilPrajapati-fz5ti Then why they are giving low basic salary? Ultimately they have to pay the same CTC. Are they unaware of rules?

@AssetYogi 5 месяцев назад

The New Wage Code-2022

@vitthaldoiphode5958 5 месяцев назад

@@AssetYogiSir please try to make video on new wage 2022 for more clarity. Thanks a lot!

@vitthaldoiphode5958 5 месяцев назад

New wage code-2022

@RakeshYadav-sx8js 5 месяцев назад

Thanks a lots for your valuable information sir. Anuual CTC- 12L 80C= 1.50 lac used.(PPF ) Medical=20k MF= 4k per month PPF- 12500X12 TERMS INSURANCE -32K FD N RD SOME Share I have purchased HOW I CAN PLAN MY FINANCE AND future sir. I'm newly married person. Thanks in advance sir. I really like and follow your almost all videos for financial. You are real asset yogi🎉

@AnilPrajapati-fz5ti 5 месяцев назад

If you can reduce you ppf amount to 10k per month as you can't use your term insurance premium in 80c or even less as you might have epf contribution from your end hence insurance ppf and epf all come under 80c so don't invest extra in ppf you can use that money to invest more in mf or help you to create emergency fund

@suhasgali4796 5 месяцев назад

@@AnilPrajapati-fz5ti sir, I have a doubt plz clarify, I see (12*1800rs) deducted as epf from my salary, also I see contribution from employer In epfo portal ( 3.67% as employer share and 8.33 % as pension share counting to 1800 rs per month again). So can i put (12*3600rs) under 80c for deductions ?

@AnilPrajapati-fz5ti 5 месяцев назад

@@suhasgali4796 no you can only consider your contribution into epf under 80c that is 1800×12= 21600 rs

@hiteshraina4032 5 месяцев назад

Also use NPS 50K 80CCD1B for additional tax saving

@Sachin_LearnandEarn 5 месяцев назад

Same bro. 3.67% employer contribution given@@suhasgali4796

@AmdavadiAjju 4 месяца назад

As always perfect video

@amolsapkale2453 5 месяцев назад

Thanks for this video. Eagerly waiting this video every year 😅

@addahHusayn 5 месяцев назад

I’m 26, $300K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. Starting to save for a house down payment. I want to invest more this year but I'm not sure on how to mitigate risk

@Edgardo477 5 месяцев назад

A good number of people discredit the effectiveness of financial advisors. I’ve been DCA’ing into a diversified mix of low cost Index Funds/ETFs for months, buying heavier when low and lighter when higher. I haven’t checked in a bit but I’m already up like $100K because of this. My CFP and I are aiming for a sustainable cash flow portfolio generating at least 9% yield to partially fund my retirement!

@jaidenSalinas 5 месяцев назад

@@Edgardo477 I'm looking to give stocks another shot after staying on the sidelines since the pandemic, if you do not mind, could you explain a little bit how you're getting guidance and how can I contact the advisor?

@Edgardo477 5 месяцев назад

Credit to 'Martha Cornell Kerns' will recommend you look her up, Well, she recommends about 5-9 big rising stocks every month, 3-4 every week and the profits on these stocks are about 20%-55% most times or even higher

@Chaim127 5 месяцев назад

Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off

@jaidenSalinas 5 месяцев назад

Thanks for sharing. searched for her full name and her website popped up, I set up a call with her

@abhishekghode6397 5 месяцев назад

Sir, if the house is registered in both husband and wife name, then can the interest paid on home loan be claimed by both?

@vpstca 5 месяцев назад

Yes, in the ratio of property

@AssetYogi 5 месяцев назад

If you have taken a Joint Home Loan, then you both can claim it.

@CA_Surajdeo 5 месяцев назад

If they both have taken a loan jointly and both are contributing to the EMI, then only, they both can claim.

@sureshhalmare8098 3 месяца назад

This video is very informative. thank you sir.

@prasantkumar1444 5 месяцев назад

Bahut badhiya information... Thankyou si much

@umendrasingh2557 5 месяцев назад

What a informative video sir 😉💯👍

@korgaonkar_deepak 5 месяцев назад

Time travel krke dekh bhi liya kya 😂😂😂

@umendrasingh2557 5 месяцев назад

@@korgaonkar_deepak are sir ki video h axi hi hogi 😁💯

@AssetYogi 5 месяцев назад

So nice of you

@thevishalpawar 5 месяцев назад

i followed your last years same video stating 0 tax, still they deduct around 30K, for views youre going so down

@akashpatel291 5 месяцев назад

😂. Pay 60k this time. Don't worry its for the development of the nation.

@gigachad6844 5 месяцев назад

@@akashpatel291lawde ka development Atal setu bhi Japan k loan ka hai, itna GST collection itna load bc ja kaha raha hai paisa sab? Ram mandir me? Horrible government

@shettigarrammohan2201 5 месяцев назад

@@gigachad6844 It goes to free loader like you who gives vote in the name of Freebies. And if someone calls out that one then you call them Andhbhakt.

@KuldeepSingh-bg9vd 5 месяцев назад

Gujarat mein kharch ho rha hai sab

@pratyushkumarjaiswal2573 5 месяцев назад

@@gigachad6844Baklol Ram mandir ke liye aam logo ne Rs20 se lekr industrialists ne RS 2 Crore Tak ka donation diya hai. Usse hi Mandir bann raha hai. Mandir government nahi Ram Mandir Trust bna raha hai. Thora padh likh lo. Aur rahi baat Atal Setu ki toh wo besak Japan ke loan pe bna hai aur aise hi state of the art infrastructure bnaye jaate hai. Japanese loan ka interest rate kaafi kam hai . Aur government loan ko repay karne me Paisa lagayegi. Ye ek normal process hai Jo har developing nation follow karti hai. Par madarsa putra ko kuch samajh ho tab toh😂

@mansimehra6038 4 месяца назад

Well explained, very good 💯

@YTBlackflag 4 месяца назад

Very informative video and well explained🎉🎉🎉

@sadikansari4860 5 месяцев назад

👌👌👌🏆🏆

@AssetYogi 5 месяцев назад

Thankyou

@user-tw1vm1tp2q 5 месяцев назад

I respect your work mate. BA is good but i find it truly baffing that all major crypto youtubers. Just look at pure B.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems.it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peak of BTC ... We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market..more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market...i have made over 11btc from day with Elizabeth Marcel insight and signals in less than 3 weeks this is one of the best medium to backup your assets incase it goes bearish....❤

@dollyfrosh4301 5 месяцев назад

Please educate me I've come across this before how can i get to her please?

@user-lw2xi4on1c 5 месяцев назад

Yesss!!! bitcoin going up is good for the entire market...my largest holding is also Xrp and i actually root for bitcoin to do well, because history shows xrp lags behind it.

@user-tw1vm1tp2q 5 месяцев назад

she' on 👇

@user-tw1vm1tp2q 5 месяцев назад

Elizy 15 That's her username

@prakashbelunke9905 4 месяца назад

Thanks a lot, sir, very helpful video.

@dipenpatel5317 9 дней назад

Thank you sir, you have clear all doubts about old and new regime

@nabinmittal9735 Месяц назад

Excellent sirji , bahut badiya bataya aapne, thanks a lot

@sushilasingh7787 5 месяцев назад

Excellent detail video❤

@Tejinfortain 4 месяца назад

Thank you for sharing this useful information I just wanted to know, is there any chance that the government can keep only one tax regime that is the new tax regime in the coming time?

@amanac7305 20 дней назад

I spent my time on something that'll help me in future totally worth it. Thanks sir ❤

@siddharthakhare08 5 месяцев назад

Thank you so much for sharing the knowledge, it helps me a lot. I have one doubt let assume if I am a salaried person and also has income from share market so I have to fill ITR 2. In this case can I change tax regime or not? Thanks in advance

@KomalSingh-uy8dz 4 месяца назад

Yes you can change it as income from shares is chargeable under capital gains which generally taxed at a special rate and not as per slab.

@pythonwithpankaj3469 5 месяцев назад

Let's say you changed your company in between FY then how tax will applicable? What documents are required? And someone who selected old regime in first company and then choose new in second company then how he/she can save maximum tax?

@SimranKamboj 4 месяца назад

Can u make a video on how as a freelancer we should be handling our finances ?? Getting a GST number , filing taxes and GST and other things

@anuragadarsh9711 2 месяца назад

Great video......this what I was looking for.....👍👍

@girishraddy6049 Месяц назад

Really Fantastic video sir. - Keep uploading like these types of videos

@Rajawat_Pankaj 4 месяца назад

Thank you for sharing this informative video. I have tried to look into the Excel calculator but the link isn't working for me. Can you please make sure about this issue?

@GurmeetSingh-uf5ty 5 месяцев назад

Thanks for valuable information sir

@tirathnarbariya6642 3 месяца назад

Very nice Good explain Good practice and very nice information

@nirajgandhi2993 4 месяца назад

Thanks for explaining in detail. In new regime, meal card and reward card amount is taxable. Please advice.

@atim99100 4 месяца назад

Hi Mukul, Regarding the subscription ( advisor) fee of paid small case. Can I put this amount as cost of acquisition while filing my ITR 2 ?

@binosina5059 5 месяцев назад

Very well explained 🎉

@ashwinikulkarni7768 5 месяцев назад

Hi, It is really an informative video. I have a doubt thoug. Our home loan is in both mine and my husband 's name.We took it when I was working 4 years ago. But I am no longer working and EMI gets cut only from his account. In this case, can I claim for home loan interest deduction?

@neelshah5465 Месяц назад

All concepts clear bhai, thanks for explaining 🙂🙂

@amollaate4657 3 месяца назад

Sir, Thanks for this informative information and this is eye opner video. I would like to see a video of the combination of salary 18L and share trading @ 12L in one finacial year.

@jkdixit8510 4 месяца назад

Very useful video thank dear

@ramu7154 4 месяца назад

Hi Sir, as a salaried employee who has opted for the Default Regime for the current financial year. I would like to know if I can file my ITR with the old regime instead. Please advise me on the pros and cons of switching regimes and the procedure to do so. Thank you for your time and assistance

@cachandraprakash943 Месяц назад

To choose old regime or new regime is optional for assessee while filing ITR in which you can save your tax you can choose

@alexstanley4684 5 месяцев назад

Can we switch between regime in case of filing ITR using ITR2?

@swananddeshpande3820 5 месяцев назад

The simple matrix which you shown at the start, does this also consider standard deduction of 50K in the deductions?

@bhuwalsahu8195 4 месяца назад

So nice sirji Hats of u ❤❤

@Animajain_ 3 месяца назад

Joint loan - interest can be claimed by both? Double deduction?

@mayankgupta2543 4 месяца назад

Also there are conditions on stamp duty deductions like the area and upper limit of the stamp duty

@saninikam6460 4 месяца назад

Thank You Sir ji ❤

@prateeksharma1135 Месяц назад

Thanks for vedio, have Sone questions 1. If salary slip has only employer EPF contribution, so under which section tax exempt will filled. 2. Employee contribution missing in payslip, I need to ask employer or directly I can exempt U/S 80C

@bhupee29 2 месяца назад

Very nice explain...thanks 👌 😊

@arusmitaroy4748 4 месяца назад

Hello Sir, very informative video, thanks! My compensation is 13,00,000 (fixed) and additional benefits are PF, Gratuity, medical insurance. I do not know the CTC. So, what is included in the fixed one and how much can be expected in hand, if you may please clarify.

@MBA_King 4 месяца назад

Check offer letter & pay slip or speak to your HR

@mohaktrivedi9591 Месяц назад

Thank you very much sir!

@MrReddy1972 4 месяца назад

Thank you for detailed explanation and knowledge sharing. Can you please share this excel sheet?

@manojjha16 5 месяцев назад

Very nice information ❤

@tarunamehta7498 4 месяца назад

Sir mujhe capital gain ke baare me jaanna tha, allotment date 2010 ki hai or registery date Jan 2023 hai, purchase date kounsi manege, or June 2023 me sale out karne par kounsa capital gain lagega or isme kya kya deduction or rebate le sakte hai, kaise show karna hai please detail se bataye

@RamapatiMaurya 2 месяца назад

Hello sir, For a salaried employee if he has other income source such as stock market income then he will fill ITR2. In that case employee can switch from new tax regime to old tax regime?

@farhank90 15 дней назад

Hi, can we change from Old regime to New regime before filing ITR? OR need to wait for next financial?

@shreemoydash7426 5 месяцев назад

Very nice explanation......

@ranjeetpalsarnegi6253 4 месяца назад

sir, Kya hamm new regime me GPF (general provident fund) claim car sakte hai. or kya hm old regime me GPF claim kar sakte hai.

@riteshguleria3557 3 месяца назад

Very nice video sir. There’s one point I want to add regarding EPF contribution. 12% contribution is mandatory only when basic salary is Rs 15,000/- and below. Above this employer has option to cap the EPF contribution to maximum of Rs 3600(1800+1800 for employer & employee ) per month. So many employers exercise this option including mine. This we can’t take much advantage of it. Pls clarify me if I am wrong.

@cachandraprakash943 Месяц назад

You are correct

@saikiajogesh6143 3 месяца назад

Employer's contribution in nps is included in annual gross salary or not ? Please explain? Whether 14%(in case of govt.employee) can be deducted if it is not included in annual gross salary in new tax regime.

@myrailmual.online7092 2 месяца назад

Sir. If employer not dedicated HRA but I have received HRA then can I claim HRA deduction exemption

@aruna2010 4 месяца назад

Actually I wanted to know about the tax on the interest earned by the P2P (like 12% club or mobikwik extra). Where should I add this income? Will it be counted under other income ? . Please explain.

@Harshil_knowledgeBag 4 месяца назад

Sir,Mobile allowance is taxable or non taxable??? If non taxable under which section??

@aditya50499 3 месяца назад

Hello sir, could you please clarify this - if gain from an investment is to be taxed as per the tax slab rate and one was to file ITR as per the old tax regime. Assuming his income falls in the 20% tax slab- would the gain from that particular investment get added to the net income which would then be eligible for several tax deductions or would the entire gain be subject to 20% income tax and therefore not get added to the net income? Thanks a lot in advance 🙏

@vinodmisra1034 4 месяца назад

Thanks a lot for this informative video which will be beneficial to public at large. Kindly let me know whther a person who is getting income through Pension and interest from FDs of Post Office, Banks Corporate FDs, Mutual Funds and Shares can switch from Old Tax Regime to New Tax Regime and vice-versa every year or not?

@cachandraprakash943 Месяц назад

Yes he can do it

@kashifshaikh5248 4 месяца назад

Sir, I'm a freelancer engineer. Is the section 44ada available in new tax regime? And is the new tax regime is by default now to professionals also? Or we need to change from old. Thanks in advance,

@vineetjj2 2 месяца назад

very Helpful!

@basantbeck3117 5 месяцев назад

Sir 2House property ke liye Kaun sa ITR bharna hoga? Please batayen... Thanks

@manu_goyal007 2 месяца назад

I dont have reciepts of rent , that why i didnt provided proof to the company , can i claim HRA now during filing itr

@vaibhavchavan286 Месяц назад

Wanted to know does gift to family members can help in reducing taxable income?

@MohammadAtharShaikh 4 месяца назад

Pl make a detailed video on ITR4 in new regime with the "Presumptive Taxation" option

@RahulGupta-ki1zd 4 месяца назад

Sir, if we have STCG from Sale of securities so can I switch every year from new tax regime to old and old to new tax regime.

@cachandraprakash943 Месяц назад

You can switch but you can not take benefit of carry forward of losses if any in new regime

@grtnishant2 5 месяцев назад

Can we claim deduction under 80C for Stamp Duty and Registration Fees paid on Under construction House Property ?

@AnilPrajapati-fz5ti 5 месяцев назад

Yes but in same year and upto 1.5 lakh only

@camishra 3 месяца назад

Whether hra and deduction under section 24 are allowed same time. I think you can claim either exemption of hra or deduction under section 24

@SaurabhKumar-bk4jm 5 месяцев назад

I have a simple question to government. When taxes are charged on percentage basis then why deductions are fixed. Deductions should be given on percentage basis too.

@dharmendragupta6698 4 месяца назад

What is option with me to choose tax regime and change if apart from salary, I also have income from equity investment I.e. short term and long term capital gains.

@tashibhutia5902 5 месяцев назад

Howdy! I no longer work therefore have no steady Income as Salary but I have saved some fund on FD. I believe the Intrest is counted as Income therefore have been filing Income tax for the past eight Years but as you see the option of Income tax has been created and would want your feedback or guidance for filing in New tax or Old tax system. Which one would be beneficial for a non salaried person. F.D. is only my source of Income/Entertainment.😊

@pradhuymanshah290 4 месяца назад

Can we claim deduction if we purchase NPS at the end of Financial year like Feb or in March month

@kishordhilpe6439 5 месяцев назад

Nice Information Mukul ji

@sarveshshukla286 5 месяцев назад

Rebate of HBA interest applicable under new tax regime or not.. If applicable kindly explain

@DrDhruv-rb9kv 3 месяца назад

Please guide for which tax regime to consider if there are tax deductions below 2 Lacs and gross salary is around 12 Lacs.

@_gauravsharma_ 4 месяца назад

Definitely investing will become simple for someone who don't know even about 80C. But for others, we'll see. Good luck.

@arunkalsy7859 4 месяца назад

Is the Tax collected at source on remittance to Son in USA refundable in filing IT return

@PrakashShah-qg2yp 2 месяца назад

How to claim the exemption of EMPLOYER CONTRIBUTION TO PF? i mean under which section. ?

@avinashtripathi2494 4 месяца назад

Sir good evening. Your video is very nice and very effective. I have a query please clarify . In new regime u/s 80ccd2 what is maximum limit . 150000 or full 14% . Because in tax calculator of income tax department there is only 150000 rs benifit is taking. Not more than 150000. Not 14 %.