No Tax till 12 Lakh income - Clarification video | Part 2

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In this video, we have clarified the questions of viewers from previous video.
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
Link to previous video - • No Tax till 12 Lakh in...
Section 80 C full details
A) Guaranteed Return - Low Risk Investments
1. Employee Provident Fund (EPF) - • Employee Provident Fun...
2. Public Provident Fund (PPF) - • Public Provident Fund ...
3. Sukanya Samriddhi Yojana - • Sukanya Samriddhi Yoja...
4. National Savings Certificate
5. Senior Citizen's Savings Scheme
6. Tax saving Deposits
B) Market linked - Moderate Risk Investments
7. National Pension System (NPS) - • NPS is Tamil | Nationa...
8. Equity Linked Savings Scheme (ELSS) - • ELSS - Equity Linked S...
9. Infrastructure Investments
C) Insurance linked Products
10. Term Life Insurance
11. Life Insurance Endowment Plans - • What is ULIP and Guara...
12. Unit Linked Insurance Schemes (ULIP) - • What is ULIP and Guara...
D) Others
13. Housing Loan Principal Repayment
14. Children's Tuition Fee
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...
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
Watch Sharemarket for beginners series: • Basics of Share Market...
Subscribe to our channel: / @thinkingtamizha007

Опубликовано:

12 фев 2022

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Комментарии : 57

@thinkingtamizha007 2 года назад

First part of the video on tax saving - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gNjd7q03Z5Q.html Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-wtriages-KQ.html Section 80 C full details A) Guaranteed Return - Low Risk Investments 1. Employee Provident Fund (EPF) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RslX1344Bfc.html 2. Public Provident Fund (PPF) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-I9UTR3kB01Y.html 3. Sukanya Samriddhi Yojana - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_sThIPt_coc.html 4. National Savings Certificate 5. Senior Citizen's Savings Scheme 6. Tax saving Deposits B) Market linked - Moderate Risk Investments 7. National Pension System (NPS) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RVC2jZXwsdQ.html 8. Equity Linked Savings Scheme (ELSS) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-9upZSyPl0vs.html 9. Infrastructure Investments C) Insurance linked Products 10. Term Life Insurance 11. Life Insurance Endowment Plans - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4NAviRROgGE.html 12. Unit Linked Insurance Schemes (ULIP) - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4NAviRROgGE.html

@mgferozkhan 2 года назад

Well explained ...Many thanks

@saravananrajan189 Год назад

ABSOLUTE...THANKS

@aussivaram4072 2 года назад

Clearly explained

@livingstonmech4250 Год назад

Bro nicely explained subscribed your channel nice explanation.....one feedback and request where to fill Employer contribution in tax section you didnt mentoined

@sathishdevaraj9532 2 года назад

Bro Can you do IT calculation for government employees who have CPS

@venkadeshrajan 2 года назад

Salry Arrears for last 4 years Gets taxable in current year or salary Arrears pertaining to that year ??

@pragadeesh9044 4 месяца назад

Two doubts : 1. If I restrict PF to 1800. Then both Employee and Employer becomes 1800 + 1800 or only employee PF becomes 1800 and employer remains 12% ? . 2. In new tax regime, employee PF contribution is included in tax exempted or not ? Whether only Employer PF contribution alone included in tax exemption ?

@surendharselvakumar7606 7 месяцев назад

If we didn't submit the investment proofs to the employer, how can we submit/upload the proofs while filling ITR?

@usefulent9257 Год назад

In ITR2 , WHERE (SECTION) SHOULD WE ENTER THE EMPLOYER CONTRIBUTION OF EPF AND NPS?

@ambikaselvaraj9023 Год назад

Bro in case of public sector,NPS employers contribution is directly paid by them..in this case whether it is tax exempted or not?

@baranivimala1075 Год назад

Sir center government officers tax pay video podungabro

@nagarajankrishnan4741 2 года назад

7.20 Lakh income ctc sir , how to invest for remove the tax. Pls help me

@jeyaprakashs9282 2 года назад

Wonderful work bro. Thank god u did this tax saving video without home loan. I have one query regarding NPS. 1) How to get both employee and employer contribution for NPS? Is it only possible by opting NPS through employer? Or This employer NPS contribution can even be achieved by opting through online/bank/post office 2) Also If possible plz do a video on 80G - donation.

@thinkingtamizha007 2 года назад

- You need to go thru your employer to get employer contribution also

@jeyaprakashs9282 2 года назад

Thanks

@vaishnavisunder1346 2 года назад

Please suggest what all we should invest in to save tax?

@thinkingtamizha007 2 года назад

Watch our income tax series to get w clear idea ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-wtriages-KQ.html

@srini1650 2 года назад

Opting out of epf is quite rare case. As long as you have contributed your pf account atleast once in your lifetime you cant opt out. And if your basic salary is less than 15k per month again there is no way than opting in to epf.

@seethamahalaksmi331 2 года назад

Please explain what are all saving can be taken in 80C section NPC included da

@thinkingtamizha007 2 года назад

ru-vid.com/group/PLftxfmh_h55EYrTEDDClTpilrV4BZOyIl - This playlist has everything about 80C

@muthuswamykrishnaswamypill7904 2 года назад

Sir, I am returning from Gulf and now not working anywhere, my source of income is only Fixed Deposits interest (Other sources), can I know what is my maximum income from other sources per annum WITHOUT TAX, and if it exceeds how much percentage I want to pay tax to the income tax department.

@MohanKumar-yg8ov 2 года назад

Till one lakh intrest there is no Tax so try to Deposit FD in your account ,wife account and children account so that you can leverage the each person 1 lakh exemption .Hope this helps you .

@chinnabalakrishnan3923 2 года назад

I'm having PPF, SSA and planning to buy term insurance. How to combine in 80c any other sections available? I'm PSU employee I want PLI also but 80c limit exceeds😔

@thinkingtamizha007 2 года назад

under 80C you can claim max deduction of 1.5L from taxable salary. if you avail NPS, you ll get 50K more deduction. To know more about 80C investments watch this - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-EYTM3JpaKPU.html

@vigneshraja4809 2 года назад

Bro, that means, total EPF amount was deducted from employee only and invest as 2 part by name of Employee and Employer.

@thinkingtamizha007 2 года назад

Yes. Thats the concept of CTC brother.. Employer contribution is included in CTC, but not in gross taxable salary

@a2ztradinginvestment250 Год назад

Employer EPF contribution is not comming in form16 so it is not dedected from taxable income. Only Employee contribution is dedected. Any reason?

@thinkingtamizha007 Год назад

Employer part is generally not considered part of gross salary. Thats y

@karthikkanna2855 2 года назад

Sir, I a living in own house and my parents living I a rented house. I have taken home loan. But i am paying rent for my parents. In this case, can I claim hra for the rent paying for parents?

@thinkingtamizha007 2 года назад

To claim both HRA benefit and Housing loan benefit, you must be staying in rented property with agreement in your name and you must be paying rent for it.

@maheshvhare7929 2 года назад

Employers not interested to avail EPF for those who is crossing the 15,000 pm. Thet will our salary and pay from their side.

@thinkingtamizha007 2 года назад

That is employer policy. As long as they adhere to Govt rules and laws, it is not wrong

@srimeganth1155 2 года назад

Bro ipo incentives 10% yearly soldranga.. Ana 5% kudutha epdi tax calculate pandradu... Incentives means variable pay

@thinkingtamizha007 2 года назад

Incentives are taxable. It needs to be added to your total salary and taxed as per your tax slab

@srimeganth1155 2 года назад

@@thinkingtamizha007 they are committed 10% but they gave 5%...in that scenario.. Tax can be calculate 10% or 5%

@MohanKumar-yg8ov 2 года назад

@@srimeganth1155 Tax will be calculated for only given amount (5%).

@harivigneshnatesan5895 2 года назад

VPF And food card amount ku tax iruk

@DineshKumar-om9sg 2 года назад

What If I got Bonus from the company with no tax ...??

@thinkingtamizha007 2 года назад

Bonus is fully taxable

@mynname 2 года назад

2:12 Right side la employer having more than 20 employees pathi yen ji onume solala.... mostly all the companies will have more than 20 employees rite? So it's mandatory only rite?🙄🙄🙄

@mynname 2 года назад

Are you telling it's mandatory only for employer if having more than 20 employees?

@thinkingtamizha007 2 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RslX1344Bfc.html - this is specific abt epf.. adan we didnt get in to details

@spmyasar 2 года назад

Bro EPF + PPF = 1.5L?

@thinkingtamizha007 2 года назад

max allowed under 80c is 1.5L. This video has everything you need to know about 80C - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-EYTM3JpaKPU.html

@balamurugandhamodharangopa2047 2 года назад

Firstly, good effort. It's very appreciable. I've couple of queries. 1. If 80C quota of 1.5L is already consumed by EPF, Housing Loan Principle, etc., then if I invest 50k per year in NPS, will that be tax free. 2. Also, I have an option to let the employer to contribute towards NPS. Assuming, that's also coming down to another 50k, will that also be tax free ? 3. In the above scenario, I will be able to get tax exemption of 2.5L. Am I right ?

@thinkingtamizha007 2 года назад

1) Yes. total Deduction from taxable income can be Rs 2 L = 1.5 L from EPF/Housing loan principal + 50K NPS employee contribution 2) 50K employer contribution is exempted, but it does not come under 80C. Employer contribution comes under CTC but not part of gross taxable income.

@balamurugandhamodharangopa2047 2 года назад

@@thinkingtamizha007 : Many thanks for Swift response. If you post a video for effective tax planning for people with CTC above 35L, it will be more helpful. Might sound fuzzy, however you depiction shows has absoluteness of high degree & hence the request.

@jeyaprakashs9282 2 года назад

@@thinkingtamizha007 Wonderful work bro. Thank god u did this tax saving video without home loan. I have one query regarding NPS. How to get both employee and employer contribution for NPS? Is it only possible by opting NPS through our employer? Or This employer NPS contribution can even be achieved by opting through online/bank/post office?

@mariapradeepm 2 года назад

Great explanation!!! Is it possible to contact for further details in an E-mail??

@thinkingtamizha007 2 года назад

Sorry. We dont do personal consultations. We have enough videos to answer most of questions. You can also post your questions in comments section.

@muthurajrsk3091 2 года назад

Missing Gratuity???

@thinkingtamizha007 2 года назад

Gratuity is not part of ctc. If any company includes it in ctc, then it means it is fooling employees.

@livingstonmech4250 Год назад

@@thinkingtamizha007 bro in my MNC company they mentioned Gratuity in CTC,,,,i that case what i need to do......most MNC doing like that....should i report to HR or include in Tax?

@livingstonmech4250 Год назад

also deducted monthly but its not shown in payslip bro