Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |

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Download Senior Citizens Forms
Form 15H : bit.ly/3UOd50H
Form 12BBA : bit.ly/Form-12...
Form 15G : l.letsmakecomp...
In 2024, tax benefits for senior citizens typically encompass a range of provisions aimed at easing financial burdens and supporting retirement.
These benefits often include
higher standard deductions,
Unique Exemptions,
Various Deductions from certain taxes
Health-related expenses,
Medical expenses Etc.
may also be deductible.
Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |
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Which Tax benefits available to senior citizens
senior citizens video
senior citizen videos
Tax exemptions to senior citizens
tax deduction available to senior citizens
Senior Citizen
Super senior citizen
Higher exemption limit
Standard deduction under section 16(ia)
Interest on deposits section 80TTB
TDS on interest income section 194A
Medical insurance premium section 80D
Medical treatment of specified diseases section 80DDB
Payment of advance tax
Relief in filing ITR
No need to file ITR section 194P
Offline ITR facility for super senior citizen
Tax benefit on long term capital gain
LTCG
Rebate under section 87A
Deduction under section 80C
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28 сен 2024

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Комментарии : 794

@incometaxwallah 2 месяца назад

Write your Reviews about us g.page/r/CYNuhKiUDr3lEAI/review

@avinashpundlik3338 2 месяца назад

No consideration for expense required for monthly expenses needed for comfortable lifestyle discounting inflation( % ). 2. The income tax paid during his working life (40 yrs or more) and post retirement his balance life (say 25 yrs) he depends on his savings made while working. 3) Th no medical expenses he depends on savings only. In effect savings will diminish !! Yet he will pay GST on monthly purchases and payincome tax .till death.

@subirghosh2611 2 месяца назад

I am a pension holder and also enjoying health insurance benefit through Scheme approved by my employer. Accordingly, a sum of Rs 53000/- was deducted from my pension account as usual in Oct 2023 for payment of insurance premium. Subsequently, my employer decided to reimburse me Rs 2500/- only towards the expenditure of Rs 53000/- incurred by me. Recently while filing ITR1, it has come to my notice that my employer has made an entry of Rs 2500/-with my monthly pension amount in Form 26as, thereby increasing the amount paid under pension head by Rs 2500/-, ignoring the fact that this was a part of expenditure reimbursed. This caused me to pay additional IT over an income of Rs 2500/-, though the amount Rs 53000- Rs 2500 i.e Rs 50500/- was sufficient for getting relief of Rs 50000/- u/s 80D. Please let me know action to be taken for a)the last financial year as I have already filed ITR1 b) present financial year. Subir Ghosh Yahoo Mail: Search, organise, conquer

@sasinambiar5575 2 месяца назад

very good information for senior citizens who are filing ITR themselves. thankyou very much .If less than 50k TDS . ITR return filing is not mandatory please check the english subtitles given in the vedio showing diffrent numbers thanks.

@incometaxwallah 2 месяца назад

Thank you so much for remining us about number in substitle - all numbers are now corrected. we are very much obligh of you. Thanks again

@rkad3422 3 месяца назад

Senior Citizen's rail travel concessions taken away by the ruler. But MLAs, MPs enjoy all such concessions. What justice it is?

@incometaxwallah 3 месяца назад

no, its not a justice, we always stand with our dear senior citizens Subscribe this channel for more updates

@RoshimSood 4 месяца назад

informative and recommend all to help their parents to avail senior citizen benefits by filing income tax.

@incometaxwallah 4 месяца назад

Thank you very much Mr. Sood for your compliment and positive response.

@tahirhasan7087 3 месяца назад

साठ-बासठ साल की उम्र में 20--40 साल तक देश सेवा करने के बाद सेवानिवृत्त होने वाले शिक्षक/कर्मचारीयों से आखिर सरकार इनकम-टैक्स के रूप में पैसा लूटती ही क्यों है? जबकि मात्र एक दिन विधायक या सांसद के पद पर विराजमान रहने वाले "खुदा के बंदे" जिंदगी भर 'इनकम-टैक्स फ्री' पेंशन/इनकम का मज़ा लूटते हैं !?

@incometaxwallah 3 месяца назад

you are absolutely right

@AnantraySiddhapura 4 месяца назад

Very very good, knowledgeable and useful information of Income tax for Senior citizens.A well educated, experienced Teacher also can't explain as you.nice,good ,well presentation.👌👌

@incometaxwallah 4 месяца назад

Thank you so much for your compliments. Keep watching and shareing our videos with your friends and relatives Also subscribe our channel

@Sah_123 3 месяца назад

Thank guptaji foradviceto senior citizen

@incometaxwallah 3 месяца назад

Always welcome

@ShivedBansal Месяц назад

Genuinely useful information. Thanx a lot.

@incometaxwallah Месяц назад

thnaks, keep watching and sharing

@chinmaychakrabarty5900 2 месяца назад

Thank you Gopalji for throwing light on senior citizen income tax.

@incometaxwallah 2 месяца назад

Glad you like our videos ☺️

@sushmitadutta2783 3 месяца назад

After devaluation of rupee exemption limit should be 7 lac s after that deduction for medical expenses should be given on actual basis.

@incometaxwallah 3 месяца назад

you are right, but law is not like that till now. we appriciate your thought

@aarockiasamy312 2 месяца назад

Really Excellent and Very Useful video sharing practical tips. Thanks. Please continue your good work.

@incometaxwallah 2 месяца назад

Many many thanks

@arvindpatkar3315 3 месяца назад

Good lecture in income tax of matter and I expected how to file,. return on computer and.what.available benifit to Senior please explain

@incometaxwallah 2 месяца назад

thanks and sure, we will considr your request

@Ashoke141 2 месяца назад

I am a 75 years old pensioner. No savings like FD. No other income than pension amount. No medical assistance or help. I spent lot of money for my eye surgery in 2023-24. Submitted ITR online in new tax regime . Acknowledgement received. Submitted ITR is under process. Did I miss any rebate?🙂

@incometaxwallah 2 месяца назад

old tax regime is best nowadays. you didn't miss any rebate subscribe this channle for more udpates

@Ashoke141 2 месяца назад

Thank you very much for your prompt reply. The ITR calculator showed I need to pay almost equal amount more over TDS. So I paid an additional very small amount in New Regime and submitted my ITR. Thanks again. Hug and love. 🙂

@shantisarup2034 3 месяца назад

Mention additional benefits to seniors in new tax regime , rather 80 TTB has been disallowed.

@incometaxwallah 3 месяца назад

@RajinderKumar-fm1lb 3 месяца назад

Sir Bahut Acche se Samjhaya Aapne

@incometaxwallah 3 месяца назад

Glad you like our videos, thanks

@prahladwahi 4 месяца назад

Please clarify LTCG. Rebate under section 80C, Additional rebate of Rs 50,000/- towards NPS Contribution and rebate on donation is available only in old regime or in new regime also.

@incometaxwallah 4 месяца назад

old tax regime - also watch this small video for more and more clarity ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-R2uXf4udJYg.html

@kuldipsingh7690 2 месяца назад

Very good information thanks ji

@incometaxwallah 2 месяца назад

glad you like our video, keep watching and sharing

@jyotikapoor2378 2 месяца назад

It was very nice got lot of knowledge

@incometaxwallah 2 месяца назад

Glad you like our videos thanks, keep watching and sharing

@suriyanarayanpatra1803 4 месяца назад

The age limit for senior super citizen has been reduced to 75 years. Isit true?

@incometaxwallah 4 месяца назад

see, there are three kind of senior citizens as per income tax act 1. 60 or 60+ called senior citizens 2. 75 or 75+ called specified senior citizens only for Section 194P 3. 80 OR 80+ called super senior citizens only to allowed ITR filing in paper form thats is

@tahermoosani8236 2 месяца назад

Very nice explaination. Keep it up

@incometaxwallah 2 месяца назад

Thank you, I will

@subhramahal5938 2 месяца назад

Excellent speech in a lucid

@incometaxwallah Месяц назад

thanks, keep watching and sharing

@calbinabeck855 4 дня назад

I am senior citizen. My income is from pension and fd. Despite submitting 15 h sbi is deducting tds advance. They told my income is taxable so tds is taxable in advance. I file itr.

@bansalvp3530 3 месяца назад

Your voice is cracking in between, thus usable to view the video with clarity. Your video of course very informative

@incometaxwallah 3 месяца назад

Sorry for that, will improve all things

@kunhikannannv4677 2 месяца назад

Pl.clrify whether the exemptions for medical insurance premium paid available in new scheme of IT return.

@sudhirsurolia2474 4 месяца назад

Senior citizen was not get any Life policy but certain got ill and medical treatment Rs25000.00 paid to hospital he is benifit for I tr file time

@incometaxwallah 4 месяца назад

@AshaKanwal 4 месяца назад

Useful guidance, thanks Sir je

@incometaxwallah 4 месяца назад

Glad you like our videos. Thanks Keep watching and sharing

@harinderbhardwaj1858 2 месяца назад

Thanks for this educative video for us

@incometaxwallah 2 месяца назад

Welcome keep watching and sharing our videos

@prabalbasuroy6458 2 месяца назад

Tax benefit u/s 80D, DD etc for seniors...I think it is applicable only for old tax regime. Not for new. Kindly clarify...thsnks

@incometaxwallah 2 месяца назад

Yes applicable in old tax regime only

@arvindtrivedi8158 3 месяца назад

We what's benefit for railway discount for senior citizen 40%for men & 50 % women y they stop y not stop benefits to Lokshbha members then not government service this is only for five years y gives them

@incometaxwallah 3 месяца назад

you are absolutely right

@rakeshkansra3846 2 месяца назад

Excellent

@ahmedansari7951 2 месяца назад

As a senior citizen above 75 years as on 31.3. 2024 is exempted for filing ITR,does that mean that he need not pay any tax on his pension amount,which otherwise is taxable.This government pensioner is drawing a net pension of about Rs 115000 out of her gross pension of Rs 131000 per month. Kindly clarify Dr.K.M.Rahman Hyderabad

@pksharma6956 3 месяца назад

80D में नई स्कीम में सीनियर सिटीजन को फायदा मिलता हे क्या

@incometaxwallah 3 месяца назад

Yes, but in old tax regime

@nagarajanp8390 4 месяца назад

Thank you ❤

@incometaxwallah 4 месяца назад

Welcome. keep watching and subscribe our channel

@vijaysinha8663 2 месяца назад

Whether NPS and Donation qualify for rebate in New tax regime for non-senior citizens?

@incometaxwallah 2 месяца назад

only Employer contribution to NPS is quality in New Tax Regime.

@ritesh_royyy 12 дней назад

If my sr. citizen father claims full 80D & 80TTB, his maximum tax-free income can be 9.25 lac in new tax regime. Is it correct or not?

@incometaxwallah 11 дней назад

not correct, becasue 80D and 80TTB deduction available only in old tax regime.

@anshurawat6305 4 месяца назад

Sir, I retired from government job in July last year. Till July I received HRA total Rs 107500 for FY 23-24. Still I am living in rented accommodation paying Rs 23000/- per month. How much exemption I can show in ITR. Please clarify. I am getting pension Rs 55000/- per month.

@incometaxwallah 4 месяца назад

see, as far as our knowledge, after retirement , no one received HRA Iin pension hence, you are eligible to take HRA Exemption only upto date of retirement. even you are paying rent after retirement use this calculator to know your hra exemption online letsmakecompany.com/hra-calculator.php

@bimalkumarmajumdar560 4 месяца назад

Super senior citizen 75 se Hona chahie Nahin to 100 varsh complete hone ke bad senior citizen ka facility Milana chahie

@incometaxwallah 4 месяца назад

good, but one thing should be there, 75+ par super senior citizen ker dena chahiye govt ko .

@shivsingh-ye6bl Месяц назад

Sec 80 D और sec 80 c etc. के बारे मेें यह स्पष्ट नहीें किया कि ये Deductions Old Regime मेें मिलेंगे या New Regime मेें भी मिलेंगे।

@incometaxwallah Месяц назад

Both are available in old tax regime only

@UKCygnus 4 месяца назад

Does medical insurance premium payment for Senior citizen qualify for tax deduction under new tax regime?

@incometaxwallah 4 месяца назад

medical insurance or medical expenditure deduciton not available in new tax regime

@datarambhatt1212 3 месяца назад

Sir, मैंने old regime के तहत 80c डेढ़ लाख की राशि घटाई परन्तु बाद में पता चला किमेरे पास LIC और PPF में 1 लाख ही हो रहे है।अब क्या करे? यह इनकम टैक्स मैंने REVISED के अंतर्गत परसो ऑनलाइन भर कर भेज दी है।मैं पेंशन भोगी हूँ ।

@vijaydabade3224 4 месяца назад

If the interest earned by a Sr Citizen on bank FDs is 4 lakh in a financial year can he submit 15H and pay the entire tax while filing the tax return?

@incometaxwallah 4 месяца назад

1. on 4 lac , there is no tax liability 2. can submit form 15 h

@kpsingh9144 3 месяца назад

Senior citizens getting pension approx.10lakh and getting dividend etcapprox.10000.this amount will be included in the income or not.

@incometaxwallah 2 месяца назад

pension and divident both is fully taxable

@sasiv3076 3 месяца назад

Kindly clarify interest received from sovereign gold bond scheme of RBI is exemptiedrom tax

@incometaxwallah 3 месяца назад

interest on SGB is fully taxable

@gopalchoudhary5352 3 месяца назад

Rental income pe TDS exemption ki limit kya hai ,circular batayen

@incometaxwallah 3 месяца назад

read section 10 (13) a this section provisons and calcuions are under this link letsmakecompany.com/hra-calculator.php

@shrishsarwate1942 2 месяца назад

यदि सीनियर citizen की income सिर्फ शेयर बाजार से ही हे, तो क्या लिमिट होगी, और यदि वह सीनियर citizen नहीं हो तो क्या होगी? शॉर्ट टर्म की लिमिट

@incometaxwallah 2 месяца назад

पहले 2.5 लाख शोर्ट टर्म पर कोई टैक्स नही लगेगा

@aparupmozumdar2360 2 месяца назад

What is the I Tax section for Standard Deduction of Rs.3.00 Lacs for Sr Citizen of 60+ yrs

@govindsinghpanwar5259 4 месяца назад

आपका वीडियो बहुत पसंद आया है सर। मेरी जन्म की तारीख एक जुलाई 1949 है।मैने सितंबर 2023 में एक प्लॉट 35 लाख में बेचा है और मेरी मासिक पेंशन 90 हजार के लगभग है तो मेरा इनकम टैक्स कितना बनता हैं।कृपया बताने का कष्ट करें। धन्यवाद।

@incometaxwallah 4 месяца назад

Your information is incomplete to answer

@dineshrajvanshi1495 3 месяца назад

Is medical benefit u/s 80D available to Senior Citizen in new tax regime also?

@incometaxwallah 3 месяца назад

@rams9538 2 месяца назад

spme parts were misleading.example deductions Like e health insurance and ppf, donations etc, are not available in New policy. u shd hv said this . also pl explain f old or new policy is bettert fr senior citizens

@bijenderbijender1026 3 месяца назад

Senior citizen ke liye achhi jankari dete ho ji.

@incometaxwallah 3 месяца назад

Thanks, keep watching and sharing our videos

@IlNY777 2 месяца назад

Hi.Sir, your explanations are too good. I have a query . Retired person gets business income after retirement. This business income can be declared as income from salary?. If not under what head this income should be declared?. Is the tax rate on this business income is same as salary income ? Thanks in advance for your clarification

@pundalikhegade5944 4 месяца назад

आप और अलग हर व्हिडीओ मे,हर समय सि.सिटीझन की व्याख्या कुंव बताते. सिधे मुद्येपर क्यं क्यौं नही आते

@incometaxwallah 4 месяца назад

ये व्याखया इसलिये बतानी होती हैं क्यु कि बहुत से लोग ऐसे हैं जिन्हे बेसिक रुल्स नही मालुम होते- इसलिये बेसिक से शुरु करके मुद्दे पर डिप मै जाते हैं हम अपनी बात करे तो . अब जो लोग विडियो को एंड तक देखते हैं उन्हे बहुत सी नही बाते पता चलती हैं और टैक्स भी बचा लेते हैं

@bhanudasturup4659 2 месяца назад

एक्सप्लेन any deduction on new regim. Except standard

@incometaxwallah 2 месяца назад

watch these two videos for senior citizens ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-eCdNcaNEsI4.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-R2uXf4udJYg.html

@leelasundaram4593 2 месяца назад

I am a 76 year old senior citizen. My income for an year is Rs.270000 only from interest on bonds. Suppose if I want to earn from share trading, till how much profit earned is not taxable ? Please let me know as I will do share trading and earn profit within that. Thanks

@SUBHASHSINGH-kt8bz 2 месяца назад

In new regime only standard deduction is allowed.Is any deduction available in new regime.

@lalithapuliyacheriyeth2653 2 месяца назад

Thank you. I heard you whole heartedly. I am over seventy and a pensioner. Recently l have sold a plot and the amount around 14 lakhs has been transfered in small denominations in my account by the person who bought it. I do file income tax returns. Do advice me whether any explanation is to be given?if so how? All filing is done through an income tax agent. I hate to get any notice. I have abided by the laws of the land all my life. Please reply.

@incometaxwallah 2 месяца назад

Plot sale transaction also has to report in itr. Inform your tax filing professional about plot transaction.

@lalithapuliyacheriyeth2653 2 месяца назад

@@incometaxwallah ok

@ramum9599 3 месяца назад

nice details ,,,Thanks !!!!

@incometaxwallah 3 месяца назад

thanks keep watching and shring our videos

@pardeepdhawan4718 4 месяца назад

80d benefits apply in new tax regime

@incometaxwallah 4 месяца назад

@NomoreJihad 26 дней назад

Sir, Any exemption for RSU shares for senior citizens? From US company.

@umeshdaivagna4515 3 месяца назад

Thank you🌹🙏🌹

@incometaxwallah 3 месяца назад

You're welcome 😊

@vikasrai338 4 месяца назад

Senior citizen की इनकम कहां होती है की टैक्स बने।

@incometaxwallah 4 месяца назад

Hoti h bahut income hoti h.

@GargiGupta-i4e 4 месяца назад

Sir,my father was Super Sr Citizen and expired in Feb 2022 at the age of 89 years. His forms 16A of Bank shows tds deducted upon 04 fixed deposit r receipts in two names,E or S,first name is of father. Our CA advised us not to file any returns and forget tds deducte for FY 2021-22,2022-23 Now, can we get refunds from ITax department .....or not...please tell

@incometaxwallah 4 месяца назад

your ca is right, refund is not possible now.

@TanmoyBiswas-tc7mt 3 месяца назад

Good afternoon sir new regime income tax slab for A.Y. 2024-25 it is show up to 3 lakh - nil,3-6=5% is it wrong? Please reply my answer

@incometaxwallah 3 месяца назад

It's not wrong.

@cknarayanan7945 4 месяца назад

Sir as nominee of my late mother the amount due to her from SB pension account and matured mutual fund which are shown in AIS. I am Sr Citizen pensioner. Should I pay separate Tax or should I pay tax on the total interest of my SB account as I have no other savings account in any other form?

@incometaxwallah 4 месяца назад

See, in your case, you have to file two ITR , 1. for your Mother till the date of passed away. 2. after that her all income will be taxable in your hand. so two itr has to file 1 for your mother and 2nd for you (your income + your mother income)

@cknarayanan7945 4 месяца назад

@@incometaxwallah Thank you sir for the response. My mother had passed away in Dec22 and she had not filed any ITR as she was family pensioner and was in exempted category. At the time of death she was 90 yrs.Also her annual pension was was about 2.5L.Further doesn’t this transfer comes under inheritance after death.Hence the doubt if paying tax

@incometaxwallah 4 месяца назад

in this case you have appoint yourself as legal heir of your mother. its a long procedure, consult with your CA , or if you don't have professional person you can contact to us also on whatsapp 8448820207 for paid services

@cknarayanan7945 4 месяца назад

@@incometaxwallah Thank you sir Will get in touch as I get y form 16 for pension from bank. Got legal heir certificate having my name along with names of my two sisters and has given equal shares to niece and nephew.

@incometaxwallah 4 месяца назад

sure, always welcome

@shantisarup2034 4 месяца назад

What is the use of form 15 H, if the income is above taxable limit ?

@incometaxwallah 4 месяца назад

Still submit form

@shashikulshrestha2910 2 месяца назад

My income is about 14 lac and my husband income is also same but he has to file itr2 while I have filled ITR 1 , husband tax is 6000 less than my tax both r senior citizen and both have filed new it for a/y 2024-25, why tax difference

@mahendramehta8916 4 месяца назад

Mera epf pension pure salme total 24000/- hai. To ye income muje direct maf hota hai ya 50000/-

@incometaxwallah 4 месяца назад

direct maf hota h

@ramamurthycheluvaraju2899 2 месяца назад

Sir, can I claim deduction of Rs.1,50,000/-(repayment of housing loan) under 80C for a.y 2024-25(0ld tax regime). I am showing Income from housing property.

@maheshbhatt7165 2 месяца назад

What about 80U? Sevier handicapped

@incometaxwallah 2 месяца назад

Available hai 80u Flat 75k or 1.25 lac

@rpmittal7718 4 месяца назад

Nice Information

@incometaxwallah 4 месяца назад

Thanks, keep watching and sharing

@ashokchanchlani4331 3 месяца назад

Apne vedio me bataya 15 H form Bank mein jama karne par TDS nahin katega meri interest income jyada hone ke karan sr.citizen hone par bhi 15H form Bank ka system nahin feed karne de raha hai tried lot of time because higher interest income?

@incometaxwallah 2 месяца назад

taxable interet income hone par form submit nahi hoga

@ushahs6814 2 месяца назад

Can avail 80 ttb 50000/ along with 80cc 150000/ in old reigme.

@incometaxwallah 2 месяца назад

Yes

@sdileepkumar2669 3 месяца назад

very nice 👍

@incometaxwallah 3 месяца назад

Thank you! Cheers!

@vinayakkumar4380 3 месяца назад

Dividend received on Shares is taxable or not sell of shares taxable or not Please advise

@incometaxwallah 3 месяца назад

Dividend is fully taxable. Long term gain on shares first 1 lac tax free remaining taxable @10% Short term gain fully taxable @15%

@harishlakhiani2315 4 месяца назад

am 65 yrswhere do I apply senior citizens pesion.please advice

@incometaxwallah 4 месяца назад

contect to your area MLA Office

@sekhabusale4627 2 месяца назад

Are all those benefits available for NRI Senior Citizen?

@incometaxwallah 2 месяца назад

few of them

@navneetgambhir3093 3 месяца назад

I retired from bank in Dec 23 and got PL encashment worth Rs 15.70 Lacs. Whether Income Tax becomes due on this particular income. If yes, please tell the exemption limit. Regards Navneet Gambhir

@AnilGupta-gj3bj 3 месяца назад

I am a senior citizen. I took hdfc life policy payment before maturity in May 23 after running it more than 5 years. Will it be taxable or not. If deduction admissible, let me know under what section it is permissible. The ins. Co the gain amt in AIS ad receipts from hdfc life and deducted TDS @5%. Pl let me know how it be treated in ITR

@incometaxwallah 3 месяца назад

as you run policy for more than 5 years hence surrender proceeds are tax free. no need to write policy proceeds anywhere, just claim tds Subscribe this channel for Latest Updates and Solutions

@santoshguptaf44 2 месяца назад

My father fill 15H on Fixed Deposit how to got relief on ITR filling....my father gross 7,22000 including interest on Fixed Deposit

@subrahmanyasastry9438 3 месяца назад

I went to a bank for a gold loan in a reputed bank but the bank doesn't want to give me beacuse i am a seniour citizen. What is the benifit to given to senior citizen beainig a citizen

@incometaxwallah 3 месяца назад

see, bank gives loan with intension to recover it and not recover from sale of jewellery. thats why bank generally not gives loan to sr. person

@br2883 3 месяца назад

Wasting time and talking as salesman instead of coming to the point directly. All income tax paying senior citizens are well educated people.

@incometaxwallah 3 месяца назад

Ok ji

@sukumaranv4497 3 месяца назад

Sir iam of 80yrs age. My pension is the onlyincome . my savings TDS are at the same bank. what form inwhich I should ask bank to submit my tax. Please reply me. Tks. Sir Iam an exserviceman.

@incometaxwallah 3 месяца назад

great , you can submit form 12 BBA to your bank. Download this form from Description of Video

@RahulU242 2 месяца назад

Sir I have retired in 31 May 2023 from central government. I have received Rs.30 lakh as final accumulated amount of general provident fund GPF. Sir is this amount is tax free and Sir where should I show this amyin ITR

@prabhatparija388 3 месяца назад

The taxation system is wrong in india.All tax system should be stpped and 1 percent transaction tax should be introduced by present Modi Govt.

@incometaxwallah 3 месяца назад

you are right, lets hope for best

@syedpasha688 4 месяца назад

Hi tds nakate iske liye farm 15a kya akhbar hi bharna padta hai yaa har financial year ain meri fix deposited se income265000 pa Hai aur koi incmenahin hai😊

@incometaxwallah 4 месяца назад

har financial year ke starting mai submit karna hota hai

@ankit5413 2 месяца назад

Sir, Is SCSS eligible for under 80C every year with onetime investment? Means On current financial year my father has enrolled into SCSS with its max limit which is valid up to the next 5 years . As per this while doing tax declaration, he can show 1.5 lakh under 80c for current financial year. Can he declare the same for the next 4 years .

@incometaxwallah 2 месяца назад

no, only one time rebate le sakte hain and lock in period 5 years

@ankit5413 2 месяца назад

Could you please suggest, what are the suitable investments for senior citizens which can be useful under 80C tax declaration.

@chakravarthisrinivasayella1467 2 месяца назад

Sir Where do you stay, do you file tax returns for your clients, kindly let me know

@incometaxwallah 2 месяца назад

Yes we file itrs of all kind. Connect with us on WhatsApp 8448820207

@deepchandkashliwaljainjain4050 2 месяца назад

Namskar sir meri age 80 years par ha .share trading se one year me 25Lakh nett incom kar raha hu kitna tex lagaga.

@mgbhutani 4 месяца назад

Dunation Examtion iş alkoqol in neqativ slab

@incometaxwallah 4 месяца назад

Donation exemption not available in new tax slab.

@BireswarRoychowdhury 4 месяца назад

Sir , After retirement (vrs) which amount l got from my department that amount can I give to my wife and file itr in the name of my wife and the internet earn in my wife name. This internet add my personal income or not?

@incometaxwallah 4 месяца назад

Very Nice Question, See first of all you can give funds to your wife. isme koi issue nahi hain But jab matter taxation ka hai to 3 rishte hain jab income per aapko tax dena hoga 1. wife 2. minor daughter 3. daughter in law aap in 3 ke account mai funds transfer karenge to clubbing provision apply honge aur aapko hi tax dena hain beshak interest income wife ke bank account mai aati hai. also watch these videos ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kunC2xJQSdY.html ru-vid.comjxncj_RFzq8

@incometaxwallah 4 месяца назад

Our Promise to Give 100% Reply of Questions in this Senior Citizen Tax Benefit Video

@user-mb3fp8mb1l 4 месяца назад

अरे भाई ये सब हमारी समझ के बाहर है.हम यै सब नही समझ सकते है. हमको सिर्फ एटिएम और पिटीऐम चलाना आता है.इनकम टैक्स के बारे मे हम लौग सिर्फ अनाडि होते है ये सब कलकुलशन हमारी समझ के बाहर है.

@user-mb3fp8mb1l 4 месяца назад

सिर्फ ईंटिमेट करै कि ट्क्सस कीतना भरना है😂😂😊😅😊

@vipanverma5938 3 месяца назад

I viewed thriughly whole video, but in last narrated that if Sr. Citizens having TDS up to ₹50000/- need not to file tax. Or Non Sr. Citizens income ₹.25000/- AY 2023-23. It mean that TDS for Sr. Citizens up exempted. Clarity me.

@incometaxwallah 3 месяца назад

@@user-mb3fp8mb1l good , hum tax zero kar dete h

@janetgreen3553 2 месяца назад

No.use .what about seniors citzens who r daily wagers how dies it help them.

@tukaramkamath3874 4 месяца назад

You are telling known simple points and your intention is coming in you tube.Funny😢

@incometaxwallah 4 месяца назад

janab, aap bata dijiye kis topic par video banaye. we will consider for sure

@randhawaiqbal9955 2 месяца назад

1.Can a senior citizen avail benefit of health insurance policy of fifty thousand under new regime 2.Can a senior citizen avail a rebate of Benefit of FD income of fifty thousand under new regime

@incometaxwallah 2 месяца назад

both tax benefits not available to any one in new tax regime watch this ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-eCdNcaNEsI4.html

@KitchenGardeningByDrSPSingh 2 месяца назад

महोदय, अगर कोई पेंशनर बीमार होता है और मेडिकल बिल को अपने ex employer से reimbursed करा लेता है, तो क्या वह medical expenditure पर सी 80D में Rs 50000 का deduction फिर भी ले सकता है। धन्यवाद

@incometaxwallah 2 месяца назад

nahi claim kara sakta

@cksaha8781 4 месяца назад

Now the basic exemption limit is 3 lakh for Sn Citizens & non senior citizens. Please check & get corrected. Sn Citizens are already getting 0.5% more than the normal rate interest. Concession on fare of railway tickets has been abolished & not yet been reinstated but you never mention it. You will repeat all those which are already existing. Be honest while uploading such videos

@incometaxwallah 4 месяца назад

My dear Mr. Saha 1. Basic exemption limit is still 2.5 for non senior citizens 2. In this video, we discussed only taxation part. And interest and railway benefits, govt. pension, priority in queues, etc are benefits other then taxation.

@incometaxwallah 4 месяца назад

Subscribe us for Senior Citizen Tax Benefits Related Videos. Team Income Tax Wala

@attarsingh3545 2 месяца назад

Ye sahi hai ek MLA/MP ko lakho karoron ki income hai aur hera feri se 10-20 guna kama lete hain aur koi IT nahi dete hain. Ek aam adami ko sirf 2.50 ki chhut kitana insaf hai!.

@incometaxwallah 2 месяца назад

You are right 👍

@mohanareddypulimi5719 4 месяца назад

I have a house. Now i want to sell it resultant cash iwant to transfer to my son. How to save income tax and my date of birth is 07 may 1956. Its value is nearly one crore rs. Please guide me. Please

@incometaxwallah 4 месяца назад

see cash transaction of such value is not allowed. your matter require long discussion. so take paid consultation letsmakecompany.com/book-consultancy.php

@madanmohan5374 4 месяца назад

Hello namaskar, My age is 70 years. I am a Rajasthan govt pensioner. My income is from pension, Bank and post office interest and MF, equity (under 1 lakh) . Which IT R form I can use ? ITR -I or ITR-2

@incometaxwallah 4 месяца назад

you must file Your Tax return IN Form ITR -2

@saurabhkesharwani6143 Месяц назад

Informative video! 👍🏼 Q. I want to learn how to calculate STCG/ LTCG tax on income earned from share trading. Do you have any video on this or do you teach?

@Ravigadiadda 2 месяца назад

Please make video separately for senior citizens having no pension/salary but only income from FD and capital gain income with special emphasis on bonds/tax free bonds impact on taxable income