16. Income From Salaries - Problem No: 1 From Income Tax Subject

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[@BORSELLEBLENDOLF]

12% exemption is for employer RPF contribution mam, for interest it is 9.5%, the rest 2.5% is taxable. Standard deductions is must (standard deduction U/S 16(i) : 50000 or Gross Income form salary)

[@BHARATH_0007]

dude it's not rpf its spf ,
for gov employee spf is fully exempted
for pvt employee its 9.5%

[@SmilingAnt-hf1dh]

S bro

[@happyface1201]

Legends watching it in 1.25 x speed before exam day 😅

[@VandanaKumari-jb6kh]

Me watching at 2x😊

[@legendsmemesbymyself3762]

💯😂

[@GameZoneofficial_21]

2.5x speed 😅

[@shaikayesha9071]

🤣🤣🤣🤣

[@dyagalabharath7018]

After results legends will mood off with in 1.25x speed 😂

[@armaghanadil6452]

madam i think you have missed this point but interest on provident fund is exempted only upto 9.5% only but you have taken it as 12% .

[@fanofdevilliars148]

If the employee works in a private company when he received recognised provided fund intrest it's exempt up to 9.5% but in this problem he is a government employees so that the intrest of statutory providofund is fully exempt 🤝

[@priyanilkanth7066]

Morning 9 I’ll be writing income tax exam and watching your videos now at 12:52 lam this is the level of confidence what we have on your teaching ❤ thank u so much for so indetailed teaching..

[@risensumith8625]

+1 backlog

[@Doratisha]

😂

[@rehanbagwan4717]

Here 6 : 31 pm wt about me😂

[@king_khan123]

Standard deduction 50000 u didn't mentioned mam

[@ChalmaniSharwani]

Yes

[@WellnesswithSupraja]

omg mam i cannot express how lucky i am feeling to find ur vedio❤ur way of teaching is unbeatable,increadible,thanks a lot mam😍

[@devikascommercemanagement]

Practice well and Good luck Supraja 👍

[@WellnesswithSupraja]

@@devikascommercemanagement today was my exam mam and i didn't thought I would come out ,this confident from exam hall, 😍 all the credits goes to you mam❣️in very less time, I was able to go through whole portion. It's unbelievable that i only covered ur videos and some random theory from google and i was able to attempt 60- 70 marks easily and i think nothing can beat this💕once again thanks a lot☺

[@venkeyvenkat5887]

Ha suprja sis please send Instagram id

[@venkeyvenkat5887]

Hello

[@Maharshi00]

@@venkeyvenkat5887 karuvu manishi

[@arfacollections3058]

Thank you so much madam, I'm watching your videos regularly, learning so many topics..... In INCOME TAX subject I got 70/75 mam, only because of you mam, thank you so much

[@manikantapmuthugowda8043]

Mam on that standard deduction U/S- 16 on that standard deduction of 50.000 should be deducted.. but u didn't deduct yy mam

[@kondasindhugoud2766]

I am feeling blessed to know about your videos mam thank u so much for your wonderful teaching 🙏😊

[@user-hg9gh7bs8v]

Less: Deduction
Standard deduction u/s 16 (ia) 50,000
Mam

[@user-hg9gh7bs8v]

Answer is 2,33,000

[@sivakrishnavadlamudi655]

Madam standard deduction is 50,000 is it correct mam?? That means we will assume this standard deduction is apply to all problems??

[@mehvishunnisa6591]

Thank u mam by watching ur video iam able to do problem by own 😅tq Income tax is tuff and lenthy but not much 😊but possible

[@gollagudemanitha9435]

Mam Incometax 2022-23 year lo unna problem s explain cheyara mam please

[@gollagudemanitha9435]

Please reply eyyandi mam

[@gollagudemanitha9435]

Mam last year mi viedos chuse accounts exam ki prepare ayina (O) grade Ochindi mam naku
Thankyou mam so much mam

[@abdulrehmanshaik838]

Tnx mam for Explaining this Problem.
I understand easily your voice .
Your voice is Like To hear Perfectly Mam.

[@simranbanu345]

Mam intrest on RPf 9.5% is exempted so 12%-9.5%= 2.5% is taxable

[@mathangiapurva8216]

Thank u so much mam for u teaching I have passed my income tax and business statistics paper thank u mam

[@devikascommercemanagement]

Good 👏👏👏

[@crystaldavid5891]

I felt that my mother is teaching me this sum. God bless u ma'am.

[@ColinGlad]

The interest on RPF is 9.5% so it is taxable as it is excess

[@kushalj4704]

It's considered as SPF

[@shaikshamsuddin2191]

exactly

[@mahesht8852]

@@kushalj47049.5 is for pf not for rpf

[@princeaditya534]

It is exempt for statutory provident fund and for rpf or urpf it is exempt upto 9.5 %

[@mathangiapurva8216]

Thanks for uploading classes in youtube mam

[@vedantkulkarni6274]

Mam all salery Standard Deduction is 50000/- is comaplusory act 16/a

[@mohitostwal8646]

Yaaa

[@arunkumargeddada1425]

During the class was good but a why is not accounting it is assessment year analysis state provident fund madam it is statutory provident fund when you add all it's Gross salary and allowances US 16 from gross salary that we have to minus the deductions under section 16

[@karanreddy589]

Thank you mam

[@Mehendi_by_fiz]

Thanks a lot ma'am... It's really very helpful ☺️

[@jaggu02]

Thank you so much Mam ❤❤
You're way of explanation is very awesome ❤❤
It's very easy to understand for each and every student...

[@SSMM-bc5vd]

thank you mam for best teaching

[@ajaynemmadi6018]

Madam mi videos anii Telugu lo cheppochuga

[@gumnaam3848]

Ma'am ur just awesome 🙂.......i didn't know anything about the income tax and tomorrow is my external exams and saw the whole playlist and now I feel confident that minimum i gone pass it💯.......once again thank you ma'am ✨

[@devikascommercemanagement]

Good luck👍

[@atharvahemgude7614]

Yes mam veer savarkar is a govt. employee

[@khairunisakhairunisa8610]

Thank you ma'am I have learnt so much 😅😊❤

[@kavya.ckavya.c5113]

Mam intrest on RPF is excepted upto 9.5 %right....so it is taxable ...they hv clearly specified intrest on RPF

[@simranbanu345]

True 💯

[@shaikaijaz3956]

Hello can anyone will explain that in sia books standard Deduction u/s16(ia)is 50000 by deducting gross salary and standard deduction the answer is 2,33,000 shall we take this or ignore

[@NAVEEN-NK]

For calculation of RFA
Muncipalvalve and fair rent is irrelevant mam

[@Thatnoobgamer145]

My actual professor maam is! like. i dont like the teaching at my college. they are not excited, nor happy to be doing what they do. it clearly shows on their face that they are just here to get it done with as soon as they can and go home. I alwaysss watch your videos during exams! and it really helps a lot!

[@rajeshwarim2657]

Thank you mam ♥️

[@Alljustfun]

mam standard reduction us 16
is 50000rs

[@ReshmaShaik-jx1wl]

We are soo blessed to..have a saviour like u mam...love u mam❤

[@haniyafirdous7699]

Hello mam
Interest on rpf why is it exempted and
It is compulsary to apply standard deduction..! We did not deduct 50000 why mam ??

[@Classicforyou]

Your videos day by day motivating to me mam❤

[@devikascommercemanagement]

Glad to hear that👍🙌

[@salomikotasalomikota]

Thank you so much madem

[@anuanusha3422]

Super

[@devikascommercemanagement]

Practice well 👍

[@arunkumargeddada1425]

Standard Deduction under section 16iea of 50000 is not shown your problem in spite of not given in the question you have to show it

[@user-mg7tl9xl3v]

Mam your explanation was awesome ❤❤❤

[@badewalevandana699]

Mam plz add English captions to each nd every video 🙏🏻

[@vinodbommasani7025]

Good explanation medam tnq
September related exams question paper send medam

[@bhaskar322]

Mam don't we need to deduct standard deduction U/S16(ia)50,000/-

[@raghavender3535]

Same doubt

[@vamsirallabandi9982]

Same doubt

[@mohanapriyachinnathambi1166]

Mam pls corporate accounting teach pannunga mam exam vara poguthu mam pls pls mam

[@lamphranglyngkhoi1634]

Thankyou so much mam🙏

[@user-jm2pc6bn5i]

Mam in the working notes u have added furniture, but wt are the things we shuld do less (-)

[@minuteexamprep675]

1:13 Govt employee
Exempted
Employees contribution till 12%
Medical expenses

[@gangavarapusirishasirisha6581]

Thankyou mam

[@user-iu9nz2zq3w]

Madem why you are not substract the standard deduction 50 000 in deduction s madem

[@thestatushub01]

Ma'am 30% deduction is usually applied to income from salary for tax purposes.

[@super3039]

It is वीर सावरकर

[@minuteexamprep675]

9:08 least amount+ 10% furniture in working notes
Total of this in rent free accomodation

[@madduripranay]

I don't have a computer mam😅

[@nidhinikam]

Mam, if they have given income from other sources also and ask us to calculate total taxable income should we ignore the other income as we are doing only income from salary?

[@Doglovers832]

Mam I am getting confusion because for the 1st sum means in this video ur saying contribution is totally exempted but 2nd video u told 12 percentage is exempt. And intrest on capital also exempted ur saying in this video and second video ur saying 9.5 percentage exempted remaining we must consider please clear this doubt

[@Lovethings_6065]

Teaching method is Very nice Mam 👍👍

[@mandliyabhavika1934]

Ma'am You Are The Great Best Explanation 💝

[@aishumanu1750]

Mam rent fixed by govt 25000 per annum

[@yuktapalekar]

Very Easily Explained. Thanks For Making The Videos On This Topic.

[@user-ip4ks3ky2o]

Mam standard deduction taken 50000 but we can't take why mam

[@learningclass7224]

Mam standard deduction is Always less. if is it mentioned in question or not

[@chinthaparthysadasivareddy5241]

Hello hi ma'am
Good morning
Where is Standard deduction u/s 16 Rs. 16000/-...

[@yarlagaddasubhash3911]

Super madem

[@ma-gamers716]

Madam what about standard deduction u/s 16(1a).

[@pujaroy_111]

Same question..

[@6nvlogs386]

50000 exampted

[@saitejakavali5333]

We have to deduct 50,000 as per the tax standerd deduction u/s 16 (a).

[@allakondasrinivas6939]

Gud evng mam
As per the tax rules under section (16ia)standard deduction the govt will fix the tax rates that we to take compulsory or not mam

[@Archanasharma378]

The amount of standard deduction cannot exceed the salary amount. The amount of deduction will be Rs. 50,000/- or equal to the salary amount, whichever is lower.
More over that it is mandatory and compulsory deduction to any person who is getting income from salary.

[@allakondasrinivas6939]

@@Archanasharma378 thnqu😊

[@Archanasharma378]

@@allakondasrinivas6939 🙏

[@SANDY00660]

How the employers contribution to RPF percentage is found

[@nagadeepa8091]

Hi mam, I have worked in hcl and filled tax. But now I resigned my job at july 2021. Still it showing I am income tax filing person. How can I remove from this.

[@nagadeepa8091]

Please suggest me

[@hellboygaming237]

Madam your explanation well 🙂 thanks so much ☺️

[@attitudeboyvenu1525]

Ma'am staanderd deaduction always 50000 mention in problem or not

[@hariharidas3354]

what about health & educational cess 4% ?

[@simransahani1004]

The dearness allowance which enters into retirement benefits do we have to add that as pensions also?

[@NehaKhan-ws5pz]

Thank you 😊

[@avneeshkumar1]

Ma'am in case Dearness Pay & Dearness Allowance both are given the what to take in question. Plz reply 😊

[@chinnaravi3491]

13:04

[@Mohammadasif-do9jy]

Why we are exempting employees contribution to provident fund mam ???

[@iqrakhan-hw3oh]

Mam is this the year of 2021-22 because methods are different every year so pls help me mam so that I can take your classes....

[@devikascommercemanagement]

This is as per 2021-22. Go ahead 👍

[@rakeshappani5122]

Mam it's work for 2024 new syllabus of imcome tax OU

[@Bharatha231]

Thanks you Amma medam 💐🙏🛐

[@syedkareem8322]

Nice explain🔥

[@ashokjonnada8611]

Ma'am, Please explain Income Tax 1st sem important questions and all lessons Explanation. Please ma'am🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@avulaparusharam7631]

Mam your explanation is very good 🙏and it is more useful to my subject thanks for giving your valuable time 🙏

[@devikascommercemanagement]

Good luck Parusharam👍

[@apsar8898]

@@devikascommercemanagement I am Telugu medium Telugu lo cheppandi please 🥺 English ardam kavadamledu Telugu lo avaru cheppadamledu a subject kuda 4sem and 5sem lo Aina Telugu lo cheppandi please 😿😿😿

[@priscillapakhuongte6348]

Mam,why interest on provident fund and employment contribution to provident fund exempted

[@vijayluckyvijaylucky447]

Mam standard deduction amount how much

[@chandanasiri4978]

Mam standard deduction 50000 should deduct na mam

[@djarjun6872]

In come tax classes are used for account job pls tell me ma'am

[@meghatripathi123]

Thank you ma'am

[@vinodkumarvinodkumar9599]

STANDERD deduction 5k is not there

[@arunkumargeddada1425]

Calculation of rent free accommodation after considering the frv and the government rent you need to calculate the 15% 10% of 7.5 % of salary as depending on the city where the employees working and depending on the size of the population I think you need to change it Madam

[@debasishdatta6297]

In case of govt. Employee value of rent free accomodation is license fee as determined by govt. There is no question of 15,10 or 7.5percent Or fair rental value

[@srinivaskamble9136]

Madam Interest on PF is exempted only upto 9.5% na

[@ramyadurgam9649]

Repu exam pettukoni eroju vedioes chusevallu anthamandhi

[@RanaaNahar]

Thank you very much maam ❤

[@fahadyafau]

Mam you have forget to write standard deduction 50,000 less from total

[@vaibhavraut3050]

Thank you mam this was really helpfull!

[@rishirajborah1782]

Dr. Ram Singh owner of a big house. He is employed in R.D College, Kanpur on a monthlysalary of Rs. 16,000 p.m., Municipal valuation of his house is Rs. 10,000. He has let out 1/3portion of the house on a monthly rent of Rs. 700 and occupies. Remaining 2/3 portion for hisown residence. He paid Rs 15,000 municipal taxes in respect of the whole house. He isconstructed on leased land. He paid Rs 600 as its rent. He had constructed the house withborrowed money of Rs 1,00,000 which was borrowed before April 1, 2015 @ 12% P.a. interest.
Compute his total income from the head ‘Income from house property’ for the assessment year
2018-19.
plzzz solved mam

[@BogguNarasimhaNaidu]

Exalent madam

[@devikascommercemanagement]

Practice well 👍

[@Nareshyadav-fp7dp]

Mam if motor value not given what we should

[@Sisters____love-l3j]

Mam income tax books are not available then how can you purchase this books plz can you help me....

[@anabiya_afreen]

Tqsm it helps me a lot ❤