How can you save taxes on the income of 12 lakhs? 

प्रांजल भाई वीडियो के लिये धन्यवाद, पहली बात की गिवेर्मेंट को थैंक यू बोलने जैसा गवर्मेंट ने एम्प्लोयी कटेगरी के लिए कुछ विशेष किया नही है, दूसरी बात रिलायंस के प्रोडक्ट में मैं पर्सनली विश्वास नही करता, तीसरी बात वीडियो बहोत ही अच्छा है , लोगो को आपके वीडियो से बहोत मदत मिलेगी, धन्यवाद प्रांजल भाई

I didn't knew a single thing about Tax or ITR. But your content is very clear and unambiguous to understand. Thanks Pranjal sir

Thanks a lot for guiding us , who r salaried but don't know how to do tax saving . 🙏🏾

It's crisp and informative video. I enjoyed it. But I didn't find section 80D decuction of Medical insurance pratical. For example, someone who is in 20s can get 10L policy at around 10k and parents policy would be around 30k. I'm not sure if someone can really utilize the entire 75k limit practically.

10:40 There is no limit on the amount of deduction from educational loan interest, and the deduction can be claimed for a maximum of 8 years.

"Tax bachane ke sath sath achi return bhi jaroori hai ".......nice quote 👍👏

Nps (10% deducation ) is also calculated in 80C. That is 1.5 lac is upper limit so (NPS 10% + 80C )

No Tax for Salaried employee is a myth in India. The ways described in the video are correct, but how many will fall under the conditions described. I have not met a single salaried person who pays almost no/negligible income tax. Practical implementation is almost impossible.

गीता से ज्ञान मिला, रामायण से राम।। भाग्य से हिंदू धर्म और किस्मत से हिंदुस्तान।। जय हिन्द 🇮🇳🇮🇳🙏🚩🚩

HRA cannot be claimed as on said. It has separate 3 rule - of which minimum should be considered.

Thanks for sharing great knowledge. Please keep sharing financial knowledge because indian people needs this for better development of india.

Hats of Pranjal Kamra for such a nice video. I was searching this for almost a year.

NPS (10% deduction) is part of Sec 80C (upper limit 1.5 lakh)

The most genuine and down to earth finance creator of our country

Very Informative video. But nps employer contribution is zero sum game ( if employer contribute 10% then same will e added to gross salary and same 10% will deduct for taxable income so it doesn't actually help in lowering taxble income).

Im 16 yo , don't have any Income but just watching coz you are a great teacher

Thanks for the video, very informative. I think Nps Employer contribution is 10% of basic salary which is 60k assuming 6L basic ( 50% of 12lpa) If your basic salary is 12L you will have to pay 3.2L(26k /month) in rent to get to get 2L HRA benefit. Also to get 2L in HRA one has to pay 2.6L in rent assuming 6L basic.

Agreed to all the terms , but HRA comes with formulas, for example if you've deposited 1Lac amount for financial year on an average rent of 8000/month so you'll not get benifits on whole amount instead only 2k can be considered, so the remaining amount becomes taxable , so @pranjal can you please also guide here how individual can get benifits on HRA

Pranjal... Your video is very helpful. But can you make a new video for the newest tax regime (after budget 2023)? About the deductions that have been discarded? And similar in depth analysis?

Pranjal, for HRA there is a limit on tax dedn. Entire amount cannot be deducted.

I have been watching your videos from a very long time :) I started creating videos by getting motivated by you ❤ thank you

भाई हम लोगों ने the pitchers देख ली है हमें आपके संघर्षों का अंदाज़ा है साथ ही हमे ये भी पता चल गया है कि Reliance health insurance से अपने क्या लिया.... Any way लगे रहो

Thank youuu so muchhh pranjal!!!! PLEASE make more videos on this topic.

I request govt to see both private job holder and Govt job holder in different specs. Govt job holders get salary till 60 years and a private job holder has uncertainity in job. How come govt take same taxes from both . Private job holders are overbuddened now. Also many govt job holders are corrupt and that corruption money is totally tax free which they use for daily expenses keeping their salary money intact...Kindly provide some relief and encouragement for private job holders. 🙏🙏🙏 These street vendors,food hotels are earning lakhs of ruppees and not paying a single ruppee...Why THIS GOVT IS NOT TAKING TAX FROM TEA SELLER,PAANI PURI,STREET CHINESE FOOD HOTELS,BIRIYANI STALLS,CHAAT,VADAPAO STALLS.

so far I have been waiting for this kind of video in tax detail. Thank you sir. Very nicely explained.

Base salary may be less than 50% of CTC. My friend has placed in Amazon with 45.5 lakh ctc, but his base salary is only 15.5 lakh.

Hello sir...U explain so easily and in a fun way... thank you!

Sir mai to 25 Jan mai hi dekh Raha hu ☺️ Apka ek bhi video miss nhi karta hu

I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment. Can someone recommend a good expert that trades on my behalf and generates profit for me

U R really great sir, aapki videos me bhar bhar ke jaankari rehti h 🙏🙏

Bro, Video is good but it would have been great if you could have mentioned all the sections for the detection. I was wondering about 80EEA

Sir ITR kaise bhare is par complete video banaye ||🙏🙏

I have a SIP to equity and debt schemes ongoing for more than a year. However, I want to utilise Sec80c for tax savings by investing in ELSS. Is it a good practice to redeem some funds from my existing SIP and put them in ELSS on yearly basis?

Watching after 4hrs of uploading. Cuz I love all of your videos.

Full hra is not exempt right? There is a formula lower of 3 values it comes to 50-60% of hra received which can be taken as exempt value

HRA full amount is not non taxable. For Metro city 50% and Non Metro city 40% HRA exemption milta hai

Hi, May I know how this is derived NPS ( Employer contribution 10% of basic salary) which is 93760 here ?

What about central govt employees..... We have EHS i.e employees health scheme so why we go for medical insurance..... Can't save tax ther n one another thing HRA is fix acc to x,y,z cities .....

Thank you Pranjal ji.. it's very nice & well info videos on tax...ELSS are u/s 80c or any other sections to save the tax

Please make a video for government employee with an income of around 13-14 lpa, focusing on maximising tax savings. I believe it would be helpful for many people.

Hi Pranjal, For Tax deduction on Education Loan repayment, there is no limit on the amount of interest paid during the financial year.

Sir NCD, Corporate Bonds and Corporate FD ko please explain kar dijiye

Hi Pranjal nice video, is it possible to make a video for salaried employees + a person running proprietorship, as i was informed that HRA is not allowed for proprietor's a help would be great as there are hundreds of people like me searching on this and nothing good educational things available.

Bhot ache se peheli bar kisi ne smajhaya. Thank youuuu ❤

As per the newest tax regime, the deductions are even lesser compared to old regime.

Watching it on 28/01/2013. Thank you for the video.

Sir their is no such limit in deduction of education loan interest of 40k and all.

Sir, 10% of nps deduction of employees can be considered under 80ccd(1B)

Really hoping 80c limit is increased this time

Watched 👀 today 25 Jan 2022 on the day of publish 👍👌 Pls make similar video on those who have income from trading or investment only and how they can file or save taxes 💡♥️

Good evening sir. Salary ka 10% NPS , 1.5 lac ki tax saving me include h ya 1.5 lac ki saving exception se extra h.

HRA Received Rent paid -10% of Salary 50 or 40% of Salary (metro or non-metro) Least is considered

What about home loan deduction?

I want to ask one thing. My salary PF deduction goes to NPS. And it becomes more than 50000/-. For eg. my deduction in NPS is Rs. 65000/-, then can i use 15000/- from this in 80C section.

Thank you Pranjal sir, but you have not added special children's/ Differently abled deduction. Which is depend on disabilities level such as 40%, 75%, 80% etc. Also not elaborated for Government employees. Kindly consider !

Thanks bro... Muje abhi 2 din pahele hi 12 lake ka pakage Mila. Mare liye perfect example he....

My basic salary is only 25% of CTC which does not allow me to use HRA properly. Pranjal, can you tell me which law it is according to which, employers are not allowed to keep basic salary less than 50% of CTC?

Today 25 Jan I am seeing the video It's awesome

In which head can we claim NPS (Employer’s contribution of 10% of salary)?

Sir parents ko kise rent dena h, means agreement ka zarurat h kya? Please make a detailed video.

Really nice content.always humble & productive content.really really appreciable. 🙏❤️🎉🎈

10% NPS ia already and 15000 of 8c ..how to posible.......... because under 80c /80cc/80ccd(1) only 150000

Since I'm not a salaried employee and work full-time as a freelancer, I cannot avail some of the benefits mentioned here, despite my income being in a similar bracket (12.5 - 15L p.a.). I can of course invest in ELSS/PPF/NPS. I'm curious about what other instruments may be available so I can minimize the amount of tax I pay. Any idea would be much appreciated!

I am watching it on October 7th ...... however you are very true .....I am not ahead of your prediction (you said you will watch it in March)...... actually I am 1 year late in that ..... in the previous year I paid 60000 IT😢

Most of this is applicable for salaried person only. Not much useful for self employed. Also, full HRA cannot be claimed for tax deduction.

What will be take home salary monthly for this assumptions on 12 Lpa

Short format courses are designed to provide insightful information about the stock market. Mr. Pushkaraj Thakur sir is the advisor who gives you such a course and suggests you to invest according to it. He is a real advisor who makes some predictions after studying like that.

Aren't we are expecting tax slab changes in upcoming budget ?

Elss mutual fund returns are very low Kindly suggest a fund were we can get atleast 12 %😁

June end, because I was just getting a job, so learning more things😊

Feb 23 me

To be practical for a regular year, we can get only these deduction below: 1. HRA that is also -10% salary= 1.5 lac 2. Std Deduction: 50 k 3. Sec 80c: 1.5 lac 4. Nps: 50 k 5. Medical: 25-30k (10 lac coverage) 6. Education: most of u: 0, for me 10 k 7. NPS (Emp): 1 lac Total deduction: 6 lac (maximum)

bhagwan kare Jo jo video dekh rha hu un sab ko 12 lakh har din profit ho😘😘

Can you please let us know where does VPF fall under ?

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Jaldi jaldi comment karta hu likes milenge 😂

Bhai aap bahut sahi bande ho

Being a salaried person, Hm tax nhi bcha skte isliye Aisi strategy bataye ki end of the year jo paise tax me katne wale h wo end of the year se pehle itna jayad ho jaye ki uske jane ka drd thoda km ho jaye...yani jane se pehle wo kuchh de k jaye

More oriented towards salaried employees, was hoping this video for businesses

Ek video proper epf pai banao ke kaise withdraw kre kitna kre kya hai sab kuch

Please share a video on tax saving for government employee having 10 lac salary...

very informative video. You solved all the doubts I had 15 mintues ago.

LLA video on the same topic is much much much better. I think Pranjal topics are very generalized which don't give you any meat after investing 10 minutes into the video. Because there is a topic he makes a video. That's it.

Pranjal sir please make video on corporate governance consept

12:30 80C me 1,50,000 ki jagh 1,50,00 likha hua hai

Can u please make video on tax planning for salaried employees for no loan taken

One of the beat video for tax saving..

Please make a video on the topic. WHAT IS INDEXATION AND IT'S AFFECT OUR MUTUAL FUND.

Nps 10% deduction come under 80c 1.5Lacs or its additional to 1.5 Lacs?

there's no limit for deduction of interest on education loan under section 80E (you have wrongly mentioned 40,000 limit)

Pranjal very informative content hope it will help all

Now Indians have at least some Financial Literacy. Thanks Pranjal Kamra, Finance with Sharan, Investaajforkal, Labour Law Adviser (LLA), Bekifaayati, Tejas Joshi, CA Rachna Ranade, Asset Yogi, B wealthy etc.

Nps investment falls in 80 c upto 1.5 lacs/year Additional 50000 per year can be availed according to 80 CCD so total 80C + 80 CCD = 200000 per year can be saved. But after exhausting 1.5 lacs 80 C limit one cannot invest in any other tax saving instrument and claim deduction. Minor correction in your tax exemption break up

Salary ka to bata diya shear market ka bhi bata do🙏🙏🙏🙏plzzzz

Can you please make a video on "How to file ITR" with a simple and easy understanding

Great video, Thanks for sharing insightful details in simplified way

मैं तो second dayपर ही देख रहा हूँ दोस्त! Fond of that fun😎

There is catch in Medical insurance.. max 20% of premium paid is considered for tax exemption and not fully premium paid...

Let's say if 12LPA is income and 2L is HRA. Can you tell me how much rent needs to be paid to take advantage of that 2Lakh? Is it practically even possible to exempt full 2Lakh?

Excellent observation. .. March me dhundenge sabhi log ye vdo...😅😅😅