Adding few points for people who make some COMMON MISTAKES while focusing on TAX SAVING: 1. Saving taxes should be incidental, not the primary driver of your investment decisions. 2. Prioritizing tax savings can lead to suboptimal choices. So, Investments should primarily align with your financial goals like child education, wealth creation, retirement planning, Foreing trips (why not) etc 3. Chasing tax breaks with short-term investments might provide momentary gains but may not contribute to long-term wealth growth. Focus on investments with higher potential returns, even if they offer less immediate tax relief.
सर शायद सैलरी बेस्ड लोगो के लिये ओल्ड रेजीम ही सही क्योंकि टैक्स बचाने के बहाने ही लोगोँ के पास के पास छोटी मोटी सेविंग हो जाती है। एवम सरकार के उपक्रमो को भी रुपया मिल जाता है। नए रिजीम में शायद इस कम है। आपका सुझाव स्वागत योग्य है।
@@anilkumarbuddha5986 completely true, BIlkul sahi Anil ji, Old best hai. Ushme forced saving hota hi, aisa 80C 80D etc ka option na rahe like tax benefit etc to kayi log jo thora saving investment etc old regime k karan karte the, wo bhi karna band kar denge.
Hello, how do you make such a monthly income? I'm a born Christian, and sometimes I feel down about myself because of my low finances. But I still believe in God.
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
I can sincerely say Mr Charles Lucas is one of the best Traders I have ever seen in the state in the past few years, now reducing losses and ensuring profits
Thanks a lots for your valuable information sir. Anuual CTC- 12L 80C= 1.50 lac used.(PPF ) Medical=20k MF= 4k per month PPF- 12500X12 TERMS INSURANCE -32K FD N RD SOME Share I have purchased HOW I CAN PLAN MY FINANCE AND future sir. I'm newly married person. Thanks in advance sir. I really like and follow your almost all videos for financial. You are real asset yogi🎉
If you can reduce you ppf amount to 10k per month as you can't use your term insurance premium in 80c or even less as you might have epf contribution from your end hence insurance ppf and epf all come under 80c so don't invest extra in ppf you can use that money to invest more in mf or help you to create emergency fund
@@AnilPrajapati-fz5ti sir, I have a doubt plz clarify, I see (12*1800rs) deducted as epf from my salary, also I see contribution from employer In epfo portal ( 3.67% as employer share and 8.33 % as pension share counting to 1800 rs per month again). So can i put (12*3600rs) under 80c for deductions ?
Choose old regime 1.5 lakh elss, epd or ppf 50k nps Other 50k deduction yoi have to do from medical insurance, children education , travelling, 80ccd(2) , home load , or rent. Whatever applicable
I’m 26, $300K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. Starting to save for a house down payment. I want to invest more this year but I'm not sure on how to mitigate risk
A good number of people discredit the effectiveness of financial advisors. I’ve been DCA’ing into a diversified mix of low cost Index Funds/ETFs for months, buying heavier when low and lighter when higher. I haven’t checked in a bit but I’m already up like $100K because of this. My CFP and I are aiming for a sustainable cash flow portfolio generating at least 9% yield to partially fund my retirement!
@@Edgardo477 I'm looking to give stocks another shot after staying on the sidelines since the pandemic, if you do not mind, could you explain a little bit how you're getting guidance and how can I contact the advisor?
Credit to 'Martha Cornell Kerns' will recommend you look her up, Well, she recommends about 5-9 big rising stocks every month, 3-4 every week and the profits on these stocks are about 20%-55% most times or even higher
Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off
Hi, Can you please clarify - 1) If the gratuity amnt. has been considered part of CTC, will it be factored under taxable income in the New Tax regime? 2) What about Professional Tax, will that also be considered in the New regime? looking for your answer. Thanks in advance.
Very nice video sir. There’s one point I want to add regarding EPF contribution. 12% contribution is mandatory only when basic salary is Rs 15,000/- and below. Above this employer has option to cap the EPF contribution to maximum of Rs 3600(1800+1800 for employer & employee ) per month. So many employers exercise this option including mine. This we can’t take much advantage of it. Pls clarify me if I am wrong.
Sir, Thanks for this informative information and this is eye opner video. I would like to see a video of the combination of salary 18L and share trading @ 12L in one finacial year.
Very informative video sir😊.. Could you please tell us that which rule says that the basic salary of employee should be 50% of their gross CTC? and how can I ask my HR to to restructure my salary if he is not agree?.. Our company gives only 25% of CTC as a basic salary and because of that we are loosing lot of tax deductions like HRA limis... Sir please help in the same.
Can you also make a video on capital gain? I am specifically looking for information on STCG when it is the only income in the year. Can we use any exception/deduction for STGC? If STCG is 15L, is it taxed flat 15% or does it also fall under slabs and the tax will only be on 10L? Thanks in advance!
Sir, Under New Tax Regime Govt must consider differentiate PWD 80U, Under Old Regime also there is no increase in Limit for Last 8 yrs (75 k/ 1.25k) It should atleast increase as per inflation during so many years.
I too got to know this new info, employer contribution they will only give in your form 16, our contribution we need to put in 80c section, this is what I thought..
Sagar, only the Employees’ contribution to the EPF account is eligible for deduction under Section 80C. Employer’s contribution (also tax free) is not eligible for deduction under Section 80C.
@@akashpatel291lawde ka development Atal setu bhi Japan k loan ka hai, itna GST collection itna load bc ja kaha raha hai paisa sab? Ram mandir me? Horrible government
@@gigachadkartik It goes to free loader like you who gives vote in the name of Freebies. And if someone calls out that one then you call them Andhbhakt.
@@gigachadkartikBaklol Ram mandir ke liye aam logo ne Rs20 se lekr industrialists ne RS 2 Crore Tak ka donation diya hai. Usse hi Mandir bann raha hai. Mandir government nahi Ram Mandir Trust bna raha hai. Thora padh likh lo. Aur rahi baat Atal Setu ki toh wo besak Japan ke loan pe bna hai aur aise hi state of the art infrastructure bnaye jaate hai. Japanese loan ka interest rate kaafi kam hai . Aur government loan ko repay karne me Paisa lagayegi. Ye ek normal process hai Jo har developing nation follow karti hai. Par madarsa putra ko kuch samajh ho tab toh😂
Aapki Deduction Calcution Me Mistake hai, New Tax Regime Me Let Out Property ( Rented Property ) me Home Loan Interest ko Sec 24(B) me Unlimited Deduction Claim kar sakte hai, Income Tax Advance Calcultor Ka Use kijiye...Waha Par Deduction Cheak kijiye...
I respect your work mate. BA is good but i find it truly baffing that all major crypto youtubers. Just look at pure B.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems.it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peak of BTC ... We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market..more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market...i have made over 11btc from day with Elizabeth Marcel insight and signals in less than 3 weeks this is one of the best medium to backup your assets incase it goes bearish....❤
Yesss!!! bitcoin going up is good for the entire market...my largest holding is also Xrp and i actually root for bitcoin to do well, because history shows xrp lags behind it.
I am a web designer. I do job in MNC. I want to start working as freelancer on upwork, fiverr etc. and do some extra projects through references. Q1. I want to be able to deduct my expenses for travel, stay, marketing, equipment purchases, depreciation in equipment from my income. How can I do this? Q2. If it is necessary to have some sort of entity then which is best such that I need not do any compliance, or extra expenses or extra work for the entity? I just want to focus on my web designing. Q3. Also how can I reduce taxes? My total income from job and side projects will exceed 20lacs.
1.If l am government employee l will not get benifit as company employee's get. 2. I have rented my house.But staying in same city on rent. Can l claim HRA benifit for exemption?
my requests for the clearing the following points sir 1. i have second flat where my daughter is staying with family. so can i claim HRA as shown in the rent out flat 2. what is the health insurance claim max to sr citizen, since i am the one 3. i bought dollar for Rs 30000 ,so how it will be calculated /any difference required in ITR forms. I am a pensioner and usually i am using ITR1 to file return, no income from business
Let's say you changed your company in between FY then how tax will applicable? What documents are required? And someone who selected old regime in first company and then choose new in second company then how he/she can save maximum tax?
Agar husband or wife dono share market me trading se income karte hai to uske liye kaise maximum tax saving kare please ispar full details me ek video jarur bnaye. Or kaun sa ITR file karna padega?? Please btaye.
Thank you for this video. I was under impression, in new Tax Regime EPF Contribution is not considered. Is it Employer or Employee? Our firm has not shown the same in Form 16
aap ek video share market ki income pe tax kaise file krna hai us pr bnaiye? uska tax calculate kaise hoga? aur kya person income(salary or business) tax isme add hoga ya nhi?
I have a simple question to government. When taxes are charged on percentage basis then why deductions are fixed. Deductions should be given on percentage basis too.
This suits you if you're a person: Married Having kids Also, Having a home loan with emi b/w 40k to 50k Having an ev loan Having an education loan Therefore monthly emi has to be atleast 70k to 80k But Still Investing 1.5lc in 80c and additional 50k in nps. ( Avg monthly investment 17k) So monthly expenses (investment+ emi+ premiums) approx 1lc (> 12lc yearly) Therefore Monthly cash in hand to cover all other monthly expenses (avg. Rs 30k to 35k) Does this really sound practical?
Very nice & very informative video sir.. I hv a question sir. My income tax is already deducted as per new regime(by default),then can I file my ITR-1 as per old regime in this year??
If a salaried person doing short term and long term investment and FNO Marketing... So which ITR Form he Should fill and how to. Sir Can you please explain.. Thanks for sharing your information.
Thanks for vedio, have Sone questions 1. If salary slip has only employer EPF contribution, so under which section tax exempt will filled. 2. Employee contribution missing in payslip, I need to ask employer or directly I can exempt U/S 80C
Hello sir. 1. My employer provides me with lease accommodation and doens't give HRA so can still claim HRA deduction? 2. Regarding LTA - If my employer pays me for my leisure travels can I claim it under LTA exemption? Kindly guide for these points. Regards
Sir mujhe capital gain ke baare me jaanna tha, allotment date 2010 ki hai or registery date Jan 2023 hai, purchase date kounsi manege, or June 2023 me sale out karne par kounsa capital gain lagega or isme kya kya deduction or rebate le sakte hai, kaise show karna hai please detail se bataye
Few points If salary is 16LPA, then basic need not be 8LPA, its bcoz of the fact that most of the companies are not providing 50% as basic In such case, EPF wont be 96k Employer contribution of NPS won’t be 80k Also, 90% of those who claim for Home loan stay in the same location.. so they can’t claim HRA this is enough..that one individual cannot escape from tax if their salary is 15 or 16 LPA even if they have home loan, child education erc..
Hello Sir, your video is extremely grateful but I have a question for you. In your video you have captured ₹96000 as an employer contribution to EPF but you didn't mention under which section?
I am staying in a rented home and planning to buy an under contstruction home in the same city. I will have to stay in rented home until the new house gets ready ie 3 years. So for next 3 years, can I claim both HRA and Home loan exemption. My home loan will start as soon as I book the flat at cellar stage of housing.
Sir good evening. Your video is very nice and very effective. I have a query please clarify . In new regime u/s 80ccd2 what is maximum limit . 150000 or full 14% . Because in tax calculator of income tax department there is only 150000 rs benifit is taking. Not more than 150000. Not 14 %.
Do we have any scope to save tax now a days ? With old tax regime we have to invest for deductions and even over an above we need to pay. On the contrary with new regime we have to just pay straight away with no struggle to invest for deductions .middle class are hard hit
To claim so many exemptions we have to spend money in that category. Just imagine, 3L of HRA means, one must be spending approx 25k per month on rent, 200000 claim in home loan interest, means 20-25k of EMI. NPS contribution 6k. What will remain in hand or take home salary, how much one will invest in stocks or mutuals funds.. almost nothing.
Join All-In-One Video Finance App here: vidfin.com/
Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
😂
Adding few points for people who make some COMMON MISTAKES while focusing on TAX SAVING:
1. Saving taxes should be incidental, not the primary driver of your investment decisions.
2. Prioritizing tax savings can lead to suboptimal choices. So, Investments should primarily align with your financial goals like child education, wealth creation, retirement planning, Foreing trips (why not) etc
3. Chasing tax breaks with short-term investments might provide momentary gains but may not contribute to long-term wealth growth. Focus on investments with higher potential returns, even if they offer less immediate tax relief.
Simply put, if you can claim more deductions and exemptions then choose the old regime, otherwise the new regime.
सर शायद सैलरी बेस्ड लोगो के लिये ओल्ड रेजीम ही सही क्योंकि टैक्स बचाने के बहाने ही लोगोँ के पास के पास छोटी मोटी सेविंग हो जाती है। एवम सरकार के उपक्रमो को भी रुपया मिल जाता है। नए रिजीम में शायद इस कम है। आपका सुझाव स्वागत योग्य है।
@@anilkumarbuddha5986 completely true, BIlkul sahi Anil ji, Old best hai. Ushme forced saving hota hi, aisa 80C 80D etc ka option na rahe like tax benefit etc to kayi log jo thora saving investment etc old regime k karan karte the, wo bhi karna band kar denge.
@@CA_Surajdeo Ji Sir bilkul sahi kaha apne.
New tax regime is leading to not to invest your money
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 7k in August 2023...
Hello, how do you make such a monthly income? I'm a born Christian, and sometimes I feel down about myself because of my low finances. But I still believe in God.
most people fail to understand that living a Life without passive income isn't worth much except trying to pay off debts and loans.
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
Mr Charles Lucas financial education have really made name for himself, he's highly recommend best TA guy by for worked with during the fall
I can sincerely say Mr Charles Lucas is one of the best Traders I have ever seen in the state in the past few years, now reducing losses and ensuring profits
After seeing so many videos, your video made a clarity about tax saving with very good example
Thank you
I spent my time on something that'll help me in future totally worth it. Thanks sir ❤
Thank you for your wonderful explanation. This will definitely help me to maximize tax savings.
Extremely helpful video..hats off to you that you provide these precious videos without charging any fee ...❤ Thank you sir ...
Amazing. Very detailed and helpful video! 👌
Thanks a lots for your valuable information sir.
Anuual CTC- 12L
80C= 1.50 lac used.(PPF )
Medical=20k
MF= 4k per month
PPF- 12500X12
TERMS INSURANCE -32K
FD N RD SOME
Share I have purchased
HOW I CAN PLAN MY FINANCE AND future sir.
I'm newly married person.
Thanks in advance sir.
I really like and follow your almost all videos for financial. You are real asset yogi🎉
If you can reduce you ppf amount to 10k per month as you can't use your term insurance premium in 80c or even less as you might have epf contribution from your end hence insurance ppf and epf all come under 80c so don't invest extra in ppf you can use that money to invest more in mf or help you to create emergency fund
@@AnilPrajapati-fz5ti sir, I have a doubt plz clarify, I see (12*1800rs) deducted as epf from my salary, also I see contribution from employer In epfo portal ( 3.67% as employer share and 8.33 % as pension share counting to 1800 rs per month again). So can i put (12*3600rs) under 80c for deductions ?
@@suhasgali4796 no you can only consider your contribution into epf under 80c that is 1800×12= 21600 rs
Also use NPS 50K 80CCD1B for additional tax saving
Same bro. 3.67% employer contribution given@@suhasgali4796
@assetyogi this excel is superb the only thing to add would be is the net tax that a person will have to pay with the deduction on each level
As a teacher i want to save my Tax my income is around 8lac per annum.
Make such a informative videos for teachers .. 🙏🏻
You don't fall under taxable income bracket !
Choose old regime
1.5 lakh elss, epd or ppf
50k nps
Other 50k deduction yoi have to do from medical insurance, children education , travelling, 80ccd(2) , home load , or rent. Whatever applicable
Thank you sir, you have clear all doubts about old and new regime
I’m 26, $300K net worth. Been saving 50% of my salary, investing in stocks & living below my means. My goal this year is to be more serious and consistent with my investments for long term. Starting to save for a house down payment. I want to invest more this year but I'm not sure on how to mitigate risk
A good number of people discredit the effectiveness of financial advisors. I’ve been DCA’ing into a diversified mix of low cost Index Funds/ETFs for months, buying heavier when low and lighter when higher. I haven’t checked in a bit but I’m already up like $100K because of this. My CFP and I are aiming for a sustainable cash flow portfolio generating at least 9% yield to partially fund my retirement!
@@Edgardo477 I'm looking to give stocks another shot after staying on the sidelines since the pandemic, if you do not mind, could you explain a little bit how you're getting guidance and how can I contact the advisor?
Credit to 'Martha Cornell Kerns' will recommend you look her up, Well, she recommends about 5-9 big rising stocks every month, 3-4 every week and the profits on these stocks
are about 20%-55% most times or even higher
Exactly what I’m doing again this week. The smartest thing I’ve ever done was having 30% in cash to buy on the way down in 2021. It hurt watching 30-40% discounts drop to 50, but grabbing Google, NVDIA, Apple, and others near the bottom has paid off
Thanks for sharing. searched for her full name and her website popped up, I set up a call with her
extremely helpful sir. Best ever tax regrading explanation!!
Hi, Can you please clarify -
1) If the gratuity amnt. has been considered part of CTC, will it be factored under taxable income in the New Tax regime?
2) What about Professional Tax, will that also be considered in the New regime?
looking for your answer. Thanks in advance.
In new tax regime
Professional tax is not deducted and is considered a part of income.
Very nice video sir. There’s one point I want to add regarding EPF contribution. 12% contribution is mandatory only when basic salary is Rs 15,000/- and below. Above this employer has option to cap the EPF contribution to maximum of Rs 3600(1800+1800 for employer & employee ) per month. So many employers exercise this option including mine. This we can’t take much advantage of it. Pls clarify me if I am wrong.
You are correct
Yogi sir, What maximum amount of HRA can be claimed for rent of house owned by parents?....is there any limit or not?
Same as explained in the video 😊
Sir,
Thanks for this informative information and this is eye opner video. I would like to see a video of the combination of salary 18L and share trading @ 12L in one finacial year.
What a informative video sir 😉💯👍
Time travel krke dekh bhi liya kya 😂😂😂
@@korgaonkar_deepak are sir ki video h axi hi hogi 😁💯
So nice of you
All concepts clear bhai, thanks for explaining 🙂🙂
Last year if some one have bussess income , but this year they don't have bussines income then what happen ? Can they switch between regimes ?
Yes, if you don't have business income you have a choice to select between both regime
Sir, your videos are very helpful n informative. I appreciate your way of communication. Very clear n pleasant.
All d best. Keep it up. Thanks again.
Sir, if the house is registered in both husband and wife name, then can the interest paid on home loan be claimed by both?
Yes, in the ratio of property
If you have taken a Joint Home Loan, then you both can claim it.
If they both have taken a loan jointly and both are contributing to the EMI, then only, they both can claim.
Beautiful presentation
Very informative video sir😊..
Could you please tell us that which rule says that the basic salary of employee should be 50% of their gross CTC? and how can I ask my HR to to restructure my salary if he is not agree?.. Our company gives only 25% of CTC as a basic salary and because of that we are loosing lot of tax deductions like HRA limis... Sir please help in the same.
There is new rule from last year which says your basic must be 50% of your CTC
@@AnilPrajapati-fz5ti Then why they are giving low basic salary? Ultimately they have to pay the same CTC. Are they unaware of rules?
The New Wage Code-2022
@@AssetYogiSir please try to make video on new wage 2022 for more clarity. Thanks a lot!
New wage code-2022
Definitely investing will become simple for someone who don't know even about 80C. But for others, we'll see. Good luck.
Can you also make a video on capital gain? I am specifically looking for information on STCG when it is the only income in the year. Can we use any exception/deduction for STGC? If STCG is 15L, is it taxed flat 15% or does it also fall under slabs and the tax will only be on 10L? Thanks in advance!
STCG on listed share is taxable @15% Also you can enjoy your slab benefit of 2.5 lakh
Sir, Under New Tax Regime Govt must consider differentiate PWD 80U, Under Old Regime also there is no increase in Limit for Last 8 yrs (75 k/ 1.25k)
It should atleast increase as per inflation during so many years.
Thanks for the information but how can we deduct employers PF contribution from salary calculations? Under which section?
I too got to know this new info, employer contribution they will only give in your form 16, our contribution we need to put in 80c section, this is what I thought..
Sagar, only the Employees’ contribution to the EPF account is eligible for deduction under Section 80C. Employer’s contribution (also tax free) is not eligible for deduction under Section 80C.
Really Fantastic video sir. - Keep uploading like these types of videos
i followed your last years same video stating 0 tax, still they deduct around 30K, for views youre going so down
😂.
Pay 60k this time. Don't worry its for the development of the nation.
@@akashpatel291lawde ka development Atal setu bhi Japan k loan ka hai, itna GST collection itna load bc ja kaha raha hai paisa sab? Ram mandir me? Horrible government
@@gigachadkartik It goes to free loader like you who gives vote in the name of Freebies. And if someone calls out that one then you call them Andhbhakt.
Gujarat mein kharch ho rha hai sab
@@gigachadkartikBaklol Ram mandir ke liye aam logo ne Rs20 se lekr industrialists ne RS 2 Crore Tak ka donation diya hai. Usse hi Mandir bann raha hai. Mandir government nahi Ram Mandir Trust bna raha hai. Thora padh likh lo. Aur rahi baat Atal Setu ki toh wo besak Japan ke loan pe bna hai aur aise hi state of the art infrastructure bnaye jaate hai. Japanese loan ka interest rate kaafi kam hai . Aur government loan ko repay karne me Paisa lagayegi. Ye ek normal process hai Jo har developing nation follow karti hai. Par madarsa putra ko kuch samajh ho tab toh😂
Aapki Deduction Calcution Me Mistake hai, New Tax Regime Me Let Out Property ( Rented Property ) me Home Loan Interest ko Sec 24(B) me Unlimited Deduction Claim kar sakte hai, Income Tax Advance Calcultor Ka Use kijiye...Waha Par Deduction Cheak kijiye...
👌👌👌🏆🏆
Thankyou
As always perfect video
I respect your work mate. BA is good but i find it truly baffing that all major crypto youtubers. Just look at pure B.A and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems.it's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peak of BTC ... We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market..more emphasis should be put into day trading as it is less affected by the unpredictable nature of the market...i have made over 11btc from day with Elizabeth Marcel insight and signals in less than 3 weeks this is one of the best medium to backup your assets incase it goes bearish....❤
Please educate me I've come across this before how can i get to her please?
Yesss!!! bitcoin going up is good for the entire market...my largest holding is also Xrp and i actually root for bitcoin to do well, because history shows xrp lags behind it.
she' on 👇
TELEGRAM
Elizy 15
That's her username
I am a web designer. I do job in MNC.
I want to start working as freelancer on upwork, fiverr etc. and do some extra projects through references.
Q1. I want to be able to deduct my expenses for travel, stay, marketing, equipment purchases, depreciation in equipment from my income. How can I do this?
Q2. If it is necessary to have some sort of entity then which is best such that I need not do any compliance, or extra expenses or extra work for the entity? I just want to focus on my web designing.
Q3. Also how can I reduce taxes? My total income from job and side projects will exceed 20lacs.
Great video......this what I was looking for.....👍👍
1.If l am government employee l will not get benifit as company employee's get.
2. I have rented my house.But staying in same city on rent. Can l claim HRA benifit for exemption?
my requests for the clearing the following points sir
1. i have second flat where my daughter is staying with family. so can i claim HRA as shown in the rent out flat
2. what is the health insurance claim max to sr citizen, since i am the one
3. i bought dollar for Rs 30000 ,so how it will be calculated /any difference required in ITR forms. I am a pensioner and usually i am using ITR1 to file return, no income from business
Really helpfull video, thank you so much sir
Thank u Asset Yogi for the useful info. . best part is to the point solution no faltu gyaan.
Very useful
Thanks a lot
Let's say you changed your company in between FY then how tax will applicable? What documents are required? And someone who selected old regime in first company and then choose new in second company then how he/she can save maximum tax?
Agar husband or wife dono share market me trading se income karte hai to uske liye kaise maximum tax saving kare please ispar full details me ek video jarur bnaye.
Or kaun sa ITR file karna padega?? Please btaye.
Excellent sirji , bahut badiya bataya aapne, thanks a lot
Thank you Mukul Malik Sir
Can u make a video on how as a freelancer we should be handling our finances ?? Getting a GST number , filing taxes and GST and other things
Thank you for this video. I was under impression, in new Tax Regime EPF Contribution is not considered. Is it Employer or Employee? Our firm has not shown the same in Form 16
aap ek video share market ki income pe tax kaise file krna hai us pr bnaiye? uska tax calculate kaise hoga? aur kya person income(salary or business) tax isme add hoga ya nhi?
I have a simple question to government. When taxes are charged on percentage basis then why deductions are fixed. Deductions should be given on percentage basis too.
This suits you if you're a person:
Married
Having kids
Also,
Having a home loan with emi b/w
40k to 50k
Having an ev loan
Having an education loan
Therefore monthly emi has to be atleast 70k to 80k
But Still
Investing 1.5lc in 80c and additional 50k in nps. ( Avg monthly investment 17k)
So monthly expenses (investment+ emi+ premiums) approx 1lc (> 12lc yearly)
Therefore Monthly cash in hand to cover all other monthly expenses (avg. Rs 30k to 35k)
Does this really sound practical?
Very nice & very informative video sir..
I hv a question sir.
My income tax is already deducted as per new regime(by default),then can I file my ITR-1 as per old regime in this year??
Good information, thank you
New regime handicap conveyance per month 3200/- and General professional tax per month 200/- Deductions milega
If a salaried person doing short term and long term investment and FNO Marketing... So which ITR Form he Should fill and how to. Sir Can you please explain..
Thanks for sharing your information.
Nice Information Mukul ji
Thank you 🙏
You’re welcome 😊
Awesome video
Thanks for vedio, have Sone questions
1. If salary slip has only employer EPF contribution, so under which section tax exempt will filled.
2. Employee contribution missing in payslip, I need to ask employer or directly I can exempt U/S 80C
30 lakh se upar ki CTC pe new tax regime hi beneficial hai chahe kitne bhi deductions laga lo old tax regime mein
Sir,
Thanks.
My income is 15 lakhs.
No doubt, I will opt new regime.
Whether I can deduct standard deduction Rs 50000
Very well explained 🎉
Excellent 👌
Thanks a lot Sirji. As always very useful and informative video
Always welcome
Thank You Sir ji ❤
Hello sir.
1. My employer provides me with lease accommodation and doens't give HRA so can still claim HRA deduction?
2. Regarding LTA - If my employer pays me for my leisure travels can I claim it under LTA exemption?
Kindly guide for these points.
Regards
Very nice explain...thanks 👌 😊
Please don't use subtitles for your videos . Ur videos are very useful.👍👍
For Self Employed, Freelancer income approx 8-9 lakh , suggest better in new regime or Old Regime
Pls upload video for tax saving for ladies with suggestions.. Thank you!
Sir mujhe capital gain ke baare me jaanna tha, allotment date 2010 ki hai or registery date Jan 2023 hai, purchase date kounsi manege, or June 2023 me sale out karne par kounsa capital gain lagega or isme kya kya deduction or rebate le sakte hai, kaise show karna hai please detail se bataye
Few points
If salary is 16LPA, then basic need not be 8LPA, its bcoz of the fact that most of the companies are not providing 50% as basic
In such case, EPF wont be 96k
Employer contribution of NPS won’t be 80k
Also, 90% of those who claim for Home loan stay in the same location.. so they can’t claim HRA
this is enough..that one individual cannot escape from tax if their salary is 15 or 16 LPA even if they have home loan, child education erc..
Hello Sir, your video is extremely grateful but I have a question for you. In your video you have captured ₹96000 as an employer contribution to EPF but you didn't mention under which section?
very Helpful!
I am staying in a rented home and planning to buy an under contstruction home in the same city. I will have to stay in rented home until the new house gets ready ie 3 years. So for next 3 years, can I claim both HRA and Home loan exemption. My home loan will start as soon as I book the flat at cellar stage of housing.
So nice sirji
Hats of u ❤❤
Excellent
Thanks for this video. Eagerly waiting this video every year 😅
गवर्नमेंट सैलेरी पर्सन के पास एक्सेंप्शंस के बहुत कम ऑप्शन होते हैं तो उसमें से नई टैक्स रिज्यूम में किस प्रकार से टैक्स बचत कर सकता है
Can you claim both if you are staying in the same city - 1. HRA & 2. Loss from property in sec 24
Hi, can we change from Old regime to New regime before filing ITR? OR need to wait for next financial?
Solid !
Sir Army person ki salary TR-2 main hum kese deduction le skte h please video bana dijiye ☺️
होम लोन ले व्याज और मुड़ी पर , पति-पत्नि कितना अमाउंट डिडक्शन में ले शक्ति है जी ?
Joint loan - interest can be claimed by both? Double deduction?
Nice information sir 👍
Very nice information ❤
Sir good evening. Your video is very nice and very effective. I have a query please clarify . In new regime u/s 80ccd2 what is maximum limit . 150000 or full 14% . Because in tax calculator of income tax department there is only 150000 rs benifit is taking. Not more than 150000. Not 14 %.
Very nice
Good explain
Good practice and very nice information
Very nice n useful video
Thank you very much sir!
This video is very informative. thank you sir.
Thanks for valuable information sir
Please guide for which tax regime to consider if there are tax deductions below 2 Lacs and gross salary is around 12 Lacs.
What about exemption on SB and FD interest in old regime?
Do we have any scope to save tax now a days ? With old tax regime we have to invest for deductions and even over an above we need to pay. On the contrary with new regime we have to just pay straight away with no struggle to invest for deductions .middle class are hard hit
Wanted to know does gift to family members can help in reducing taxable income?
To claim so many exemptions we have to spend money in that category. Just imagine, 3L of HRA means, one must be spending approx 25k per month on rent, 200000 claim in home loan interest, means 20-25k of EMI. NPS contribution 6k. What will remain in hand or take home salary, how much one will invest in stocks or mutuals funds.. almost nothing.
Great video with detail comparision amazing Work by You sir ❤❤❤
This video is very informative. Thank you sir.👍