Ultimate tax saving guide 2024 | Calculating income tax | Tax-saving deductions and exemptions

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With the Tax-saving season approaching and knocking your door, don't wait till the last minute.
ET Money has your back with our ultimate guide. Start with step 1 and follow through as needed. Whether you're in the old regime or new, we've got you covered.
This video highlights various tax-saving avenues and corresponding sections of the IT Act, making it easy to choose what suits you best.
Watch this video till the end to know more..
#TaxSavingGuide2024 #TaxSavingfor2024 #UltimateTaxSavingGuide
Chapters
00:00 Introduction
01:14 Your tax-saving action plan
04:51 Calculate exemptions as per your salary structure
08:56 Calculate deductions you can claim for certain expenses
11:01 Get health insurance to save tax and protect your savings
13:03 Save tax through investments
15:33 Conclusion
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Опубликовано:

13 июн 2024

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Комментарии : 31

@naveenkumarsharma2716 5 месяцев назад

Excellent presentation 👏👏👏👍👍👍

@ETMONEY 5 месяцев назад

Hello, we are happy to know that you liked the presentation. Please share the video with your friends and family as well and help spread the word.

@devarajan2291 5 месяцев назад

Good content. Thank you

@teammoneymatters 5 месяцев назад

Please confirm if my understanding is correct: Employer's contribution to EPF - is fully exempt if

@harieshmk6346 5 месяцев назад

Employer contributions for PF is deducted from the taxable income right? It's not part of 80C, but it's a deduction right?

@DhananjaySharma-yv5yx 5 месяцев назад

My tax is currently deducted as per the new regime. But if I want to change to old regime and avail the applicable deductions, do I get refund for the excess tax paid?

@anshulayushya 5 месяцев назад

Hello, Can we save tax in New regime under two categories: 80CCD(1B) & 80CCD(2) ? You mentioned it in the beginning for those who opted for New regime. If you have any dedicated video for that please ping here.

@ETMONEY 5 месяцев назад

Hello, you can save tax under Section 80CCD(2) if you are in the new regime. Under Section 80CCD(2), your employer can contribute up to 10% of your basic income to the NPS and this contribution is tax deductible for you. So, please speak with your employer.

@rahuldev5745 5 месяцев назад

I am the old user of ET Money app. Please provide online support of filling ITR. U can charge also as per requirement.

@lemedico 5 месяцев назад

Under section 80 G, if we live in our joint family home, but pay for various bills, can we claim that in this section?

@ETMONEY 5 месяцев назад

Hello, Section 80G is about tax deductions on donations. The donor can claim deductions of 50% or 100% based on to whom the donation has been made.

@AmandeepSingh-ji1lt 5 месяцев назад

Make similar video if opted for new tax regime

@ETMONEY 5 месяцев назад

Hello, thanks for your suggestion. Will share it with the content team.

@jagankasi299 5 месяцев назад

Is 80ccd(1b) deduction available in New tax regime?

@ETMONEY 5 месяцев назад

Hello, no, it's not. However, NPS contributions under Section 80CCD(2) are tax deductible in the new regime.

@salmankhan-ln5ku 4 месяца назад

I am staying as paying guest and I am paying 3K as a rent .. please any ways to claim this

@sujitkkatule2171 5 месяцев назад

Good one & keep it up👍...pls make one on TCMS

@dsb700 5 месяцев назад

After new tax regime no need to invest in in tax savings scheme

@jishnu18 5 месяцев назад

Not exactly. people with high income can still use make of it

@ETMONEY 5 месяцев назад

Hello, the new tax regime has few deductions or exemptions, so you are right that there are limited avenues to save tax. Still, one can save tax via Section 80CCD(2) and reimbursements. You can find the details about them in the video.

@a9431617111 5 месяцев назад

Right

@prash646 5 месяцев назад

Please provide customer care phone support for et money

@ETMONEY 5 месяцев назад

Hello, I understand that you want to contact us. Please visit www.etmoney.com/help. Here, you can raise a ticket as well and a customer-support executive will get in touch with you.

@sanjulamani2290 5 месяцев назад

@@ETMONEYplease clarify whether we have to show employer contribution to our gross salary to claim under section 80ccd2

@visuroyal484 5 месяцев назад

You missed VPF

@ETMONEY 5 месяцев назад

Hello, the VPF comes under the overall Rs 1.5 lakh limit of 80C investments. In the video, we have mentioned some prominent 80C avenues.

@sathyar2609 5 месяцев назад

I have already reached 1.5L amount on 80C . Are you saying that if I invest another 1.5 L in Atal Pension Scheme , I will be eligible for deduction of 1.5L apart from 80C ?

@lemedico 5 месяцев назад

I don't think so, 1.5 lacs is the end

@ETMONEY 5 месяцев назад

Hello, you can save tax on another Rs 50,000 by investing in the NPS under Section 80CCD(1B). Also, you can save tax on up to 10% of your basic salary under Section 80CCD(2) by asking your employer to deposit the amount in your NPS account.