Best Tax Regime according to your salary | Old vs New Tax Regime , Which one saves you more money?

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Are you a salaried employee wondering which tax regime will help you save more in 2024? You're in the right place! In this video, we break down the old and new tax regimes, making it easier for you to decide which one suits your financial situation best.
To maximize your tax saving, head to ClearTax - clr.tax/3LR84mfN
Use CTPRANJAL to get an additional 10% discount on all the plans on ClearTax.
Download & Use Finology Free Income Tax Calculator: bit.ly/finologyincometax
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00:00 - Introduction
01:38 - Which tax slab is better for you?
01:55 - About the Old Tax Regime
03:28 - About the New Tax Regime
05:26 - Important Tax Deductions & Exemptions
08:15 - How can you file the taxes?
10:25 - Which regime to opt for based on your salary?
11:22 - Tax Calculations as per your Salary
14:34 - Conclusion
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🎥 Video Edited by Ayush Verma
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#tax #finance #incometax #Ad #taxplanning #taxregime2024 #taxcomparison #oldvsnewtaxregime #cleartax

Опубликовано:

2 июл 2024

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Комментарии : 192

@pranjalkamra 22 дня назад

To maximize your tax savings, head to ClearTax - clr.tax/3LR84mfN Use CTPRANJAL to get an additional 10% discount on all the plans on ClearTax. Please Download the calculator, to use it at your convenience

@dibyajyotijana1461 22 дня назад

Finology 30 kab ayega sir ji.....😢??????

@manashprotimgogoi4273 22 дня назад

Sir I am not in tax slab, should I pay Long term capital gains tax. This comment is for everyone who read this, pranjal sir may not notice this comment. Is anyone aware of this please reply.

@priyankayadav-im7ev 22 дня назад

Very well explained. Covered All information🎉

@OnlyCritics 21 день назад

@@manashprotimgogoi4273If total income is below taxable limit = 2.5 L then no need to pay any capital gain tax. However you should always file returns every year and declare your capital gains.

@aniketcuteboy 21 день назад

Summer series kab?

@sandipanchatterjee7301 21 день назад

I absolutely agree with you Sir. Thank you so much to clear my doubt.

@neetugoyal7761 20 дней назад

Ur videos r very helpful

@vedikachannel 22 дня назад

Super and very essy explan 😊😊

@amankr9093 22 дня назад

i see your yt channel sir so helpful and knowledgeable

@alexstanley4684 22 дня назад

Please if possible make a video on filing ITR using ITR 2 even if the video is long

@somendrasarkar1653 22 дня назад

Unpopular opinion! If you have a proper investing habit you can profit more from the new tax regime. Consider section 80C where you can invest in FD, PPF, ELSS, LIC, ULIP etc. You invest 1.5 lakh. And best return consider 10%. After 30 years you get 2.8cr. Same amount consider you pay 30% tax and invest 1.05lakhs in an index fund with full discipline. At 12% you make 3.08cr. This I have excluded any tax benefit which you would get from the new tax regime due to a better slab rates, plus you can also increase the return by investing in a mix of madcap and small cap. The same goes for NPS also. However the old tax regime brings discipline. Had it not been to save tax I would have never started investing. I follow old only but if you have proper knowledge and plan theoretically New is better.

@meetme59 22 дня назад

It also bring in locking of investment which will discourage you to withdraw amount for leisure. ALSO amount invested in MF etc comes under LTCG and its not wise to predict next 30 years returns based on last 30 years.

@gouthamkatta 21 день назад

True.. I was just filing my returns.. I paid advance tax on all my salary, cap gains, dividend and interest earlier in the year and when I chose to file in the new tax regime, I'm practically getting charged 2% lesser, compared to the old tax regime.

@bhuwanesh376 20 дней назад

LIC is for risk management, not for tax saving purpose. ULIP is a very unproductive marketed product which one should not opt just for tax saving. The fees and charges of ULIP with low returns will hurt a lot more than the tax saved

@soumakdutta7882 17 дней назад

Bhai wo 3.08cr me bhi LTCG lgta h

@akshaygopinath9114 20 дней назад

Question here on how rental security deposits are taxed - Who holds the legal right of use of any security deposit funds collected ? Does the ownership and tax responsibility move from leasee to leasor?

@LakxmikanthKanth-ud6ns 22 дня назад

Are tradind and income incompatible? I think you're not keeping up with the news. While you thought it was impossible, some enthusiasts from Eledator made ai copy trading tool. Everyone now can make money on trading. What do you say now?

@hemanttakawale4747 22 дня назад

Please consider another point :- Whether one person should try to invest and save taxes but mostly that invested amount has locking period and that cannot be used for short term or mid term goals. So is that investments worth or paying some more tax at cost of achieving mid term goals and short term goals. Approximately 20% needs to be invested and this 20% covers the tax benefit ones then how can one individual invest in mutual funds or other schemes other than this tax benefit to make wealth . I Expect your team will consider this point as many people are unaware about the same. Thank you. Regards, Hemant Takawale

@rajeevratanshah6902 22 дня назад

Kindly make a video on Home loan loopholes on Taxation part please

@SkhD14 20 дней назад

If ur salary is above 15 lac per year then go for new tax regime . If it is less then after all deductions plus home loan plus health insurance u will hv to pay lessthan new tax rules but after 15 lac nothing is of any value

@mukeshkumarmehra3752 22 дня назад

Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash

@VIKASSAINI007 21 день назад

Ignore this crap, this is just a bot spamming

@devrana5722 22 дня назад

Aj evening m hi dekh rha tha isko m ,thanks guru

@thinkahead1146 13 дней назад

In 2015, investing ₹1,50,000 could get you 57.69 grams of gold. By 2024, the same ₹1,50,000 only buys 25 grams of gold. Despite the Section 80C limit staying the same, the purchasing power has significantly decreased due to the rise in gold prices. This effectively provides lesser real value in 2024 compared to 2015. Still no media talk about its 9 years no change in 1.5 lakh rebate only educated people may understand what I am talking about!

@Akashmaddhessia7126 22 дня назад

You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.

@ravindrarathod2809 18 дней назад

Great sir

@harshalhatwar385 20 дней назад

Waiting for summer series ...

@focus8070 22 дня назад

can you make according to salary slip how we get effective calculation

@Rajathssrao 22 дня назад

Pranjal still your view on etf is same?if no kindly guide

@iphonebabajiop2712 22 дня назад

Nice

@dpmaurya95 День назад

Sir, after investing some amount in equity already, for tax saving and long term point of view, should i invest in PPF or ELSS?

@suvanwitochatterjee633 16 дней назад

@pranjalkamra at 7:35 mins you mentioned employer contribution in NPS is limited to 50k in NPS new regime, were as it's more than that in both new and old tax regime. If possible please make the corrections.

@vibhrajchauhan3618 22 дня назад

sorry to point this out, but the cell linking is currently wrong in the link shared by you for the excel

@akashgarg5638 21 день назад

Not an exhaustive calculator, eg payslip HRA, Sodexo, LTA is not there

@akashkumaryadav4986 12 дней назад

Sir please suggest best mutual funds 2024 list

@bitukumar-su4hy 6 дней назад

Sir please Debt and Hybrid mutual funds recommendation pe bhi video banao.🙏

@hummingbird2013 21 день назад

is Zerodha charges interest on intraday leverage???... please clarify

@singhvarunjit 21 день назад

Your worksheet is not usable. It is View Only. No inputs can be given. Even after requesting for Edit access, nothing moves forward. Kindly upload a new one.

@nikhilsingh6357 17 дней назад

Can someone file ITR in old scheme though TDS deduction was based on new regime ?

@ScamsandReality 11 дней назад

Not open your calculator through link. Not found in website

@SubrataPaul0374 20 дней назад

Summer investment class series kab ayega sir ?

@rohanp5421 21 день назад

Not able to download your tax calculator excel

@PaulieKK 22 дня назад

How is NPS related to EPF? there is a total cap of 50k for the 10% + 12% deduction from basic?!?!

@DropoutBlogger 21 день назад

Sir Aap Stock market for beginners ka series lane Wale the Sir upload kijiye videos ko hmlog wait kar rhe hn

@h2hhallappa251 18 дней назад

Sir please tell me I have purchased 4 years ago ulip policy from police bazaar how can I exit

@vikashshaw1876 22 дня назад

Sir i also waiting for finology 30

@pearlwisdom 17 дней назад

i think the employer NPS deductin is missing the XLS , pls add tht too

@DeepakKumar-pb5sc 16 дней назад

Sir I am not able to use your calculator as you have not provided the edit permission .we can only view the sheet and cannot edit with our income. Kindly slove this

@fitbody747 22 дня назад

Stock market tax details

@SP-tg3ot 20 дней назад

7:32 please elaborate on other allowances

@Vish.28 20 дней назад

Sir, in calculater m edit nhi ho rha only view show rha h.... Kese use kre?

@Chhexxy 21 день назад

jinke pass job na ho and salary hi na ho wo bechare kya Karen 😭

@sumitkumartripathi5715 18 дней назад

What happened to your 100Days reading Challenge! Please resume….I was motivated by you😅

@debanshu1 10 дней назад

you were wrong in the NPS part .10% of basic is exempted not 50k

@PranavBhatChannel 22 дня назад

Abhi problem kya hai yeh video se aur bhi confuse hogya 😰 apne indirect cleartax pe chhod diya

@akshaykumar-dc9iz 20 дней назад

Sir please 🙏 kam selari valo ke liye bhi koyi videos banaiye

@pgcreation3249 8 дней назад

New is Best for people who is earning upto 12 lpa, i am already in new this year and last year as well.

@nfuel99 21 день назад

What are the privacy policy if clear tax. Where are they using this data against you.

@sagarbarve6735 5 дней назад

unable to use calculator. Excel is in protected mode..

@biswadipdutta7324 16 дней назад

Please advise if we should stay invested in tax saving funds even after switching to New Tax Regime. Love your videos @pranjalkamra

@mrigankasekharbanerjee9048 21 день назад

I didn't find your FINOLOGY calculator

@shubhammehtani8611 22 дня назад

Bhaiyya yahi video pichle saal bana dete toh zyada acha hota.😢😮

@neetugoyal7761 20 дней назад

Pls daily video bnaya kro

@satyam8714 22 дня назад

Course link bhejo

@ashim108 18 дней назад

No calculator available

@GulshanKumar-nn5vq 18 дней назад

Sir Can you please make a video on PLI (Postal Life Insurance)? I had taken PLI @ ₹2991/- per month in my initial days of job (2018). I didn't have any financial understanding at that time. Now it seems a loss to me and quitting is like a bigger loss (premium paid for 6 years as of now). My surrender value is 67k, I've paid 2.25 Lakh. If i don't surrender, I'll have to pay till 19/11/2055.

@karniksharma8970 22 дня назад

The best regime is the new tax regime with the discipline of saving and investing

@amankr9093 22 дня назад

hello sir good evening 🙏 I am a student and i wants to do gov job but there is a craze of share market now a days so i wants to ask you sir that i should go to enroll in stock market yes or no sir and my annual income is 120000 ,every month money comes 20 k from also other sources only from my father bec only he works

@KaushikSahoo 22 дня назад

80 ccd(2) employer NPS contribution limit is not 50k. It is 10% of basic upto 7.5 lakhs (this limit also includes employer PF etc)

@harsh_nandwani 22 дня назад

Yes right.

@SkhD14 20 дней назад

But u get benefits of 50000 only

@KaushikSahoo 20 дней назад

That is self contribution, 80ccd1(b)

@rameshalawa6929 22 дня назад

Simple है, अगर कोई all eligible exemptions and deductions avail करता हैं तो Old regime benificial हैं ।

@swapnilsonawane2525 21 день назад

Excel sheet is not correct. please update and pin it in comment section

@ashujain1702 20 дней назад

Finology stock 30 kab batayega aap

@shoebsy 12 дней назад

calculator is not working

@kaly964 22 дня назад

Are you sure about the 50k limit on the employer NPS contribution in the new tax regime?

@klokesh5959 21 день назад

There is no limit.. It just says Maximum 10% of (Basic+DA).. Pranjal might have got confused

@alexstanley4684 22 дня назад

If we have booked long term profit and losses in stocks and mutual funds during a financial year and we have net LTCG but below ₹1,00,000 do we need to show it in ITR 2 or can we still file using ITR 1 because anyways there are no taxes for LTCG gains below ₹1,00,000

@veeresh_22 22 дня назад

same question.. someone please reply

@sachinbawoor 21 день назад

Even if u have one rupee LTCG you have to show it by filing ITR2 even though LTCG tax is zero

@AllinOne-ys9zd 21 день назад

Tax calculator doesn't work

@prathamemesh 10 дней назад

your calculator is not working

@radheshyambhati1669 12 дней назад

sir urgent ek help chahiye,,,,mera name pan card main sirname ke sath tha,,,,aur adhar card main sirf first name tha,,, uske baad govt ka ek order aya tha ki pan ko adhar se link karna hai maine online apply kiya but name difference ki wajah se nahi hua,,,,phir maine pan card main name adhar ke according karwaya only first name. phir dono ko link karwaya to ho gaya...ab recently kya hua ki mera zerodha main account hai usme pichle ek saal se bse share ki trading nahi hui,, to unhone bse segment deactivate kar diya...ab jab main usko activate karwane gaya to bole ki pichle ek saal se use nahi kiya to bse segment deactivate kar diya...wapas pan adhar bhejo aur form bhejo,,, jab main ye sab formalities puri ki to wo bol rahe hain ki pan card main jo name pahle diya tha aur jo ab pan card de rahe ho dono main name difference hai,,,,aur bole ki apne ye name change karwaya to newspaper main diya hoga uski cutting lao to update karenge nahi to nahi....kya karu muje paiso ki jarurat hai urgent.....please guide.

@sngokani 22 дня назад

FIN 30 STOCKS sirrrrrrr...... waiting it from soooo long.

@ashujain1702 20 дней назад

I am also waiting

@ashujain1702 20 дней назад

Koi mes bhi nahi de rahe ayegi ya nahi ayegi

@ashujain1702 20 дней назад

Bahut baar mail bhi kar chuka hu no answer

@lovkushprh2120 18 дней назад

Kamra jee parnam. Mai ek gov emp hoon, Aaj mere nps m 24 lakh hai, avi har mahina 18k credit ho raha hai Jo ki 12%/Y bahkar credit ho raha hai, Mera DOB 92 hai, aab aap batayen ki mera kitna pension banega, 2051 me..

@sngokani 22 дня назад

80G sayad new me avilable nahi h

@Inhanceadi149 22 дня назад

KYA HUAA SIR AAP KA STOCK MARKET SERIES KA NAHI BANANA HAI HAI TO NAHI BATANA CHAHIE THA AAP KO😵

@anujtomar1205 18 дней назад

OPS is always better than NPS scheme

@Pavankumar-sv5fo 22 дня назад

LOL... I am grateful to Pranjal and I give him full credit for what I have learnt about Stock Market....But this video too sounds like one that is aimed to promote clear tax.... Especially considering that returns filing due date is nearing..... There is nothing wrong in Promotions but these days Pranjal is doing videos with main motive of promotions.....See most of his recent videos...1 video he is promoting particular company credit card, in other he is promoting specific term insurance company etc.... Even if u promote something just do it as part of regular videos but don't Just do videos with main motive of promoting certain products & earn some money.....

@Pavankumar-sv5fo 22 дня назад

Also he dropped/ stopped value addition videos he used to do and doing promotional videos.... What happened to 100 days challenge, Finology 30.... My point is do a value add video and in between add promotion too making it very obvious that ur promoting that product... Instead of just designing a video just to promote a product....

@Pavankumar-sv5fo 22 дня назад

Plz don't say Pranjal didn't have those intentions.. if u think deeper anyone should clearly understand why he made this video... I am just disappointed that I am missing that honest, transparent, value adding Pranjal.... Don't loose ur hard earned credibility.... As saying goes "Rome isn't built in day but is destroyed in one".... It doesn't take much time to loose what u have earned over years especially people like me....

@avocadorable9042 21 день назад

Eledator ki MKC

@agamjain4627 22 дня назад

Basically cleartax ka advertisement....kya soch ke aaya tha...

@manashprotimgogoi4273 22 дня назад

Sir I am not in tax slab, should I pay Long term capital gains tax. This comment is for everyone who read this, pranjal sir may not notice this comment. Is anyone aware of this please reply.

@user-pq2cp7eu9g 9 дней назад

If your long term gain is more than 1 lakh then you only you have to pay tax but only 10% on anything above that 1lakh amount. For example your profit is 1 lakh 20 thousand then you have to pay 10% of 20 thousand only which is ₹2000.

@amitranjan9475 22 дня назад

Tax calculation, in hand salary pe hota hai ya CTC pe??

@syedrounaknishar4569 22 дня назад

Gross Salary

@debo1302 22 дня назад

Pls bring finology30 asap... lagta hai sab log vul i gaye hain...

@narender.k 22 дня назад

I'm also waiting desperately

@Arun14741 15 дней назад

Clear kr dun .. old tax unke liye hai jo loan le kr rakhe hai ... Baki new tax adopt kro

@itsaddi2534 21 день назад

If one opt for New tax regime, on next year after making tex effective investment can he file return on old tax regime?

@amarkansal8151 21 день назад

Never .

@user-pq2cp7eu9g 9 дней назад

Next year the old tax regime might not even exist😂

@RahulSharma-ne6be 22 дня назад

Can we switch between old n new regime multiple times?

@pgcreation3249 8 дней назад

No only once in current financial year!

@nktt9351 22 дня назад

Whenever this government does something new it's certain that they will be massively wrong.

@saansardar1215 22 дня назад

Absolutely.

@RahulSingh-kd9sc 20 дней назад

We are unable to access your Tax Calculator. Please advise how to access

@pranjalkamra 7 дней назад

Please Download the calculator, to use it as per your convenience

@deadlieastwarrior 7 дней назад

Pranjal Sir I already downloaded the same but unable input values in that.

@dibyajyotijana1461 22 дня назад

Finology 30 ...... ???????

@Dontforget777 21 день назад

This video is not sposned.

@abhradebnath2709 22 дня назад

अभी क्यों? Office में तो submit कर दिया।

@v.kapoor9367 22 дня назад

ITR ke time change kar sakte ho

@amarkansal8151 21 день назад

3:11 sir this is wrong on income above 10 lakh tax is 30% on that amount which becomes 150000 rupees . Shayd galati Ho gayi apke video editor se

@vinaypratapsingh4666 22 дня назад

Video is laggy even at 50 fps

@FlorenceMatteo 22 дня назад

Hi everyone! I'm new to the world of cryptocurrency and would love to learn more about how to get started with crypto trading. Could anyone please share some tips on which cryptocurrencies to consider investing in and when might be a good time to make an investment? Any advice or insights would be greatly appreciated. Thank you all so much for your time and help

@CargoGams 22 дня назад

Congratulations on starting your crypto trading journey! I understand that you want to make a profitable investment, and that's a verv understandable goal. Get yourself someone who understands the market very well and is also professional in placing trades. Thats the key

@CargoGams 22 дня назад

Trading with a professional crypto broker helps a lot when you're into crypto investments

@DanielJames-347 22 дня назад

Well for me, I recently got into crypto trading and l'im already marveling over the profits I am making. I'm like, "how the hell have I been sleeping on this?

@SameerAmed10 22 дня назад

It's great that you're interested in making profitable investments in crypto trading. There are many factors to consider when making a successful investment, and l'd be happy to offer some guidance. Can you tell me a bit more about your current experience and knowledge level in crypto trading? That way, I can provide more specific advice

@KluivertPatrick- 22 дня назад

I have had a bad experience of losing a lot of money because I had no idea how the market works. That's why I am looking for a crypto broker to help me out with a good strategy

@abhisheksable7851 18 дней назад

Govt must resolve this confusion among people and old and new tax regime must be removed. Only one simple tax calculation system must be there. Income upto 10 lakh must be exempted from tax.

@user-pq2cp7eu9g 9 дней назад

Ek saal wait karo Government old tax regime gayab kardegi. Sabko fir new tax regime me hi jana hoga.

@amanpandey5673 11 дней назад

doubt cleared

@amarkansal8151 21 день назад

Sir just only to promote cleartax you can't demean ca profession . Apko yeh bhi pata hona chahiye tha sir once we have selected new regime we can't go back to old regime.

@anweshamandal6058 19 дней назад

You can change your tax regime once in a financial year

@dilipmalvi9 21 день назад

FB पर आपके नाम से ट्रेडिंग सिखाने वाले एड आ रहे हैं। क्या आप ये कर रहे हो? मुझे लगता है कोई फ्रॉड है

@sublimesurreal6265 10 дней назад

Are you promoting new tax regime for government? - who will not take 80C and invest in SIP/MF or take HRA benefit.

@SUMITKUMAR-24892 22 дня назад

मैं एक gov employee हूँ mje tax return filing krna h shmj मे nh a rha h kya kaise hota hai tier 1,2,3 kya h or अभी tk tax return filing kaise krte h btaiyega

@Grvsnh96 21 день назад

Form 1 fill Krna hota h

@user-pq2cp7eu9g 9 дней назад

Kya Sir, Government job hai aapki phir bhi CA ko 1000-1500 deneme hichkicha rahe ho? Koi bhi accha CA pakro 1000 rupay de do aur tension free tax file karo.

@akshaykumar-dc9iz 20 дней назад

Middle class ke logo ko bhi kuch sikhane ko milega

@gyanibaba_7653 22 дня назад

Bakwas hai new tax regime. Logo to motivate Krna chahiye insurance, investments and savings k liye. Old tax regime ka deductions and slab rates change krne chahiye