How to calculate income tax in New Tax Regime | FY 2023-24

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How to calculate income tax in New Tax Regime
5 Steps to calculate income tax
1. Identify income sources
2. Calculate exemptions and deductions
3. Calculate Net Taxable income
4. Calculate Tax as per tax slabs
5. Finalize tax - apply CESS, Surcharge, Rebate
How to select old or new tax regime tamil? - • New Tax Regime vs old ...
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)
docs.google.com/spreadsheets/...
Know about FORM 16 - • Everything about Form ...
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
How to read your Payslip - • Understand your PAY-SL...
Difference between CTC vs Gross vs Net Pay - • Why In-Hand Salary is ...
HRA exemption - • How to calculate House...
Penalty on Late payment of Income tax - • High interest rate on ...
HRA exemption - • How to calculate House...
Important documents need to file Income Tax Returns - • 5 IMPORTANT DOCUMENTS ...
Why do you need to file IT - • WHY SHOULD YOU FILE IN...
Complete details on 80C: • Section-80Cஇல் 14 வழிக...
EPF in Tamil: • Employee Provident Fun...
PPF in Tamil: • Public Provident Fund ...
NPS in Tamil: • NPS is Tamil | Nationa...
ULIP/LIC & money back plans: • What is ULIP and Guara...
ELSS: • ELSS - Equity Linked S...
Sukanya Samriddhi Yogana: • Sukanya Samriddhi Yoja...
Comparison of 80C: • Section 80C Comparis...

Опубликовано:

4 май 2024

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Комментарии : 80

@stephenraj1895 3 месяца назад

Clear explanation, Thanks bro. NPS and EPF employer contribution irukra maari oru example potrundha inum better ah irundhurkum. Actually unga video paathu dan new tax la indha deduction irukune therinjukten. Standard deduction 50k thavira vera edhum kedaiyathu nu nenachen. Thanks bro

@thinkingtamizha007 3 месяца назад

Yes. Will do a separate video on tax savings in new tax regime. Adhula poduvom.

@stephenraj1895 3 месяца назад

Thanks bro. Waiting

@venkateshabalajibalan2706 2 месяца назад

Practically namma gross salary oda employer contribution ah income ah add panna than employer contribution exemption irukum.. neraya office la employer contribution ah income la edukarathu illa sir

@sathyaprakashmaruthai7928 18 дней назад

Where is rent of house property letout you have claimed interest paid on let out property but no mention about interest income on let out property.

@nandhuandsteve Месяц назад

❤❤❤ super

@esaa4530 24 дня назад

thank you sir

@rharihararamakrishnan6946 Месяц назад

Can you please tell me if we have to take the gross or net price (including brokerage charges) of shares both in purchase and sale in the contract note while calculating caputal gain. A video in this will be helpful.

@sivakumarg4294 Месяц назад

BRO, YOUR VIDEOS ARE VERY CLEAR AND INFORMATIVE. PLEASE GIVE ONE VIDEO FOR HUF TAX CALCULATIONS 2024-25.

@nirmalad4782 2 месяца назад

Is there any tta, ttb exemptions for deposit interests in new regime

@nandhuandsteve Месяц назад

Bro oru return file pani katuga forms la enna enna updates vandhu iruku nu ... Indha year la neraiya updates vandhu iruku bro neraya confusions iruku

@mbaskar1695 3 месяца назад

Hi Bro, Can you please post a video about tracking all the investments like SSY,NPS,PPF, MF, and stocks using Google Sheets?

@LinnetRajakumari Месяц назад

Is monthly LIC refund amount from LIC jeevan Nidhi policy taxable

@madhubalan 2 месяца назад

Sir, Excellent video, very good explanation. Sir, pls make video for senior citizen (Pensioner) under new tax regime

@thinkingtamizha007 2 месяца назад

Sure

@msvcreations464 8 дней назад

Where to enter EPF and NPS details in ITR filing in new tax regime ? I couldn't see in ITR filing in Govt website.

@nandhinianjalrajan2158 22 дня назад

Bro indha tax calculation formula kidaikuma

@narasimhannarasimhan9886 11 дней назад

Sir, I am a taxpayer but last two years no income and nil balance, so I pay the income tax , please give me answer sir

@venugopalak9963 28 дней назад

How to calculate senier citision

@vinitha96 3 месяца назад

Under new regime, apart from standard deduction any other option available for reducing taxable income

@thinkingtamizha007 3 месяца назад

Its mentioned in the video

@padmavathim2832 2 дня назад

Pls send the excel format

@ramanivenkataraman887 14 дней назад

Why Government withdrawn the ceiling limit in incometax for senior/ super senior citizen

@KannanKannan-yp8jf 26 дней назад

Default mean meaning Tamil enna vaethai sollungaal

@jeganmvengateshm3275 2 месяца назад

Hi bro.. Both employer and employees contribute towards employees provident fund.. So in new regime both employer and employee contribution towards EPF are non taxable right?. Or just employer contribution towards epf?.. Bit confused here

@thinkingtamizha007 2 месяца назад

Only employer contribution

@vinitha96 3 месяца назад

Bro, new regime exemption pathi detailed ah oru video podrinkla

@thinkingtamizha007 3 месяца назад

@irahulchintu 3 месяца назад

Bro I do trading from stock market Is That profit is considered to our gross income ?? If not, then how to show that income from trading while filing ITR and what's the tax slab details for that ? Please explain.

@thinkingtamizha007 3 месяца назад

Yes.. under stcg and ltcg taxable..

@irahulchintu 3 месяца назад

@@thinkingtamizha007 is it covered under gross income and tax is applicable as per old or new regime tax slab??

@venkateshabalajibalan2706 2 месяца назад

If u r trading.. then it is income from business.. net profit mattum than gross taxable income la add agum

@arun.compass 2 месяца назад

Salaried people who earn money from the intraday stock exchange or futures and options trading should file Form ITR-3. Individuals may use ITR-3 to record revenue from jobs, real estate, capital gains, company or trade (including presumptive income), and other sources.

@jagaklinger2446 3 месяца назад

Bro I understand but one doubt if employer PF contribution irundha adha calculate pananuma pana kudatha bro

@thinkingtamizha007 3 месяца назад

Pannanum

@a1browsingcenter276 2 месяца назад

Bro Credit card payment upi ais 1038036/- tax payment

@murugesanmmurugesanm7691 Месяц назад

Sir...net taxable income..15,29,400...new regime calculation amount..tax Rs..165173 only. E filling time IT Department...calculated..2,82,173...? Reason.

@thinkingtamizha007 Месяц назад

They wd have used old regime as you might have selected old regime

@mathanrajvs3642 15 дней назад

You haven't included the rent in income

@ravichandrankandhan4311 2 месяца назад

Hello bro in old tax regime.2 lakh nan kanaku katanum 1.80 lakh katiyachu. remaining 20000 kanaku kata mudiyala.my doubt anda 2 lakh calculate pani tax pudipangala ilana anda remaining amount 20000 ku calculate pani pudipangala.pls explain about this bro

@thinkingtamizha007 2 месяца назад

2 lac under which sections?

@ravichandrankandhan4311 2 месяца назад

@@thinkingtamizha007 80 c

@thinkingtamizha007 2 месяца назад

Up to 1.5L tax calculate panna maatanga

@venkateshabalajibalan2706 2 месяца назад

Unga full details send pannunga.. naan venna solution solran. I am a tax consultant

@mani91811 15 дней назад

For second person, tax upto 7 lakh has to be deducted,while computing tax.

@thinkingtamizha007 15 дней назад

Cant understand ur comment

@Surya-vr1uv 2 месяца назад

Sir if my crypto profits is 75 lakh ,,what is the tax payable??

@MANIKANDANM-tu3xg 2 месяца назад

Ramesh ku en deduction panala.....ppf and insurance?

@nandhuandsteve Месяц назад

Because new tax regime la ppf and insurance claim pana mudiyadhu bro

@siiio330 2 месяца назад

Sir marginal rebate explain pannunga sir

@thinkingtamizha007 2 месяца назад

Will do

@Anonymous-si2sv 2 месяца назад

Hello

@krishneshchandar4751 4 дня назад

I am a pensioner. Is standard deduction applicable to me?

@tmaadhavan2322 2 дня назад

Yes

@160_priyadharsini.k_sec-c8 3 месяца назад

Hai sir.. please make a video for 2500000 lakh tax strategies..

@venkateshabalajibalan2706 2 месяца назад

25,00,000 lakhs na kandipa new regime than.. even if u have housing loan

@Imran_A09 2 месяца назад

@@venkateshabalajibalan2706new tax regime holders tax file pananuma?

@venkateshabalajibalan2706 2 месяца назад

2,50,000 is basic exemption list athuku mela irukara ellarum tax return filing pannanum

@Imran_A09 2 месяца назад

@@venkateshabalajibalan2706 Oh okay, Thanks brother

@lakshmipriya8888 2 месяца назад

Can you explain why

@HariHaran-qo5wn Месяц назад

Marginal relief rebate oru video podunga please

@thinkingtamizha007 Месяц назад

@usharaniramalingam4926 Месяц назад

Is family pension a taxable income.

@thinkingtamizha007 Месяц назад

Yes

@Imran_A09 2 месяца назад

New tax regime holders need to file income tax ??

@thinkingtamizha007 2 месяца назад

Yes

@Imran_A09 2 месяца назад

@@thinkingtamizha007 If I income tax return, Can I get the TDS amount😅or nothing can get amount?

@thinkingtamizha007 2 месяца назад

Depends on your tax slab and tax calculation

@Imran_A09 2 месяца назад

@@thinkingtamizha007 How can I contact you

@sjohnaugustinh7608 Месяц назад

7 lacks 2000 salary sir tax varuma

@nandhuandsteve Месяц назад

U mean 7,02,000 salary? Right

@sjohnaugustinh7608 Месяц назад

@@nandhuandsteve yes

@nandhuandsteve Месяц назад

@@sjohnaugustinh7608 Any deduction like pf Nps or housing loan interest ungaluku illana tax varum bro

@venkateswaranka9464 7 дней назад

During1974 75,income,upto 18000exempt,from,tax Income,between,18000to 25000taxef,at,25% Will,Rahul,Gandhi,aware,of,this It,was,congress,govt,then

@ahamedsulaiman1092 15 дней назад

SD 75000

@thinkingtamizha007 14 дней назад

That is based on yesterday's update from Budget speech

@beggarboyztech8725 2 месяца назад

Till 7 lakhs no tax?

@thinkingtamizha007 2 месяца назад

Yes