22. How to Calculate Marginal Relief in Income Tax | Sec. 89 AY 2024-25
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- Опубліковано 15 лип 2024
- How to Calculate Marginal Relief in Income Tax | Sec. 89 AY 2024-25
00:00 - What is Marginal Relief?
01:38 - Examples of Tax Calculation
14:36 - Marginal Relief Applicability
17:12 - Examples of Tax Calculation
36:11 - Marginal relief for Individual/HUF/AOP/BOI/AJP
37:45 - Marginal Relief on Firms/LLP
44:10 - Marginal Relief on Domestic Company/Foreign Company/Co-operative Society
45:23 - Examples of Marginal Relief
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Sir apki video dekhne ke baad concept itna clear ho jata hai ki dill karta hai dost ko question karke tont maru 😅
Glad you find these lectures valuable! Keep watching! 🙌
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Thanks you so much sir ☺️ I have got a new hope after started watching your lectures.
Welcome and all the best!
Finding these lectures very very helpful to restart my career after a break 😅😊 a Big thanks 🙏
I'm glad to hear that
Sir Apne jis tarah se marginal relief samjhaya💯 vese kishi n nhi btaya ❤thank u sir !💗
You're welcome! Glad you like it!
Sir your effort are very very motivating
That's great to hear🙌🏻
Teacher to boht sir magar apke jaisa na koi❤
Thank you so much!
Thank you sir for making income tax an interesting subject for me.
I'm delighted to know that you're finding it interesting. Keep up the enthusiasm for learning
Thank you sir,now I love tax subject ❤
You're welcome, glad to hear that! 😊
Hands up, sir to ur lecture.
Such a confusion thing in simple way 😮
Glad you found it helpful! Keep watching 😊
Thank you so much sir for this wonderful lecture 😊
You're welcome! I'm glad you enjoyed the lecture.
Valuable lecture sir 😊. Thank you❤
You're welcome! 😊
Thankyou sir to teach us in such a easy way.
It's my pleasure!😊
Intersting + conceptual lots of love sir ❤️❤️
Thanks a lot🙌🏻
Many thanks❤😊
Always welcome
Thank u very much sir❤🙏🙏🙏🙏🙏🙏🙏
Most welcome
Sir apne is topic ko bahut easy bna diya
Thankyou so much sir
Most welcome
Thanks a lot sir!!
You're most welcome! 😊
THANK YOU SIR
my pleasure
perfect
sir ji
Thank you!
Your explanation 🔥
Glad you liked it!
THANK U SO MUCH SIR
Most welcome
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Most welcome!😊
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Actually sir there's a query, may you please explain about the increase in tax in the second illustration that 50,50,000 one. I'm getting so confused in the increased income and tax. So pls clear this
Gratuity received in case of death is taxable under the head IOS in the hands of legal heir and the calculation would be same.
38:59 Yes sir ❤😊
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Thanks a lot!
Sir Q 11 jo last ka aapne karwaye usme dout hai.
10060000 ka total income hai domestic co.
Usme tax regime old lge ga ki new?
Agar old bhi lge ga to 21-22 ka turnover dekhe ge n.
Or agar questions me dia nhi h to 25% ka tax lgana chahiye
Tax me Flat 30% kaisa lge ga usme confusion lg rha h
Sir assumed 30% but you can 25%.
Same problem
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Can you please share the notification regarding marginal relief
As i know we have to start study with 2 subject (one theory & one tax). Mai pehle tax padna chalu kiya aur iske sath adv. Accounts karu iya costing karu iya koi aur subject karu ? I am confused. Please suggest me something.
You can do accounting
17:44 Calculation of tax
Upto 15,00,000= 1,50,000
On 36,00,000= 10,80,000
-------------------
12,30,0000
(+) Sur.@10%= 1,23,0000
--------------------
13,53,000
(-) Mar.Rel. = 53,000
---------------------
Tax before cess. 13,00,000
(+) H&EC @ 4% = 52,000
--------------------
Tax payable = 13,52,000
Sir illustration no. 9 me working notes me apne 1Cr pe surcharge to add kiya h pr cess ny kiya h kya cess lagega yaha
cess marginal relief less karne ke baad add hota hai.
Sir In default tax regime(115BAC)
If the income exceeds 5 crore
What's the rate of surcharge? 25% or 37%?
25%
Sir ye to rebate ke tara hi hai na
Sir surcharge ki rate same hogi dono slab mein ya 115bac mein different rehegi????
115 BAC me 2 crore se above 25% rahegi chahe 5 crore se exceed kar jaaye...
And noraml me 2 crore se upar 25% and 5 crore se upar 37%
Please calculate Fy23-24 Ay 24-25 total incom7.5L
Watch the playlist to calculate this: ua-cam.com/play/PLyY2ccCWylAq5C89aTwKEoMtNMwDqK93s.html&si=4K2Doka0NGKBFoAd
45:30 sir yaha 3 lakh nil kyu hai sir mai aapki purana income tax se kar raha hu to usme yo 250000 he to karte hai individual ke liye new slap me ? 2024-25 Years me change hua hai kya?
Yes, the slab rates have changed. You can checkout this video for clarity- ua-cam.com/video/OeApgRdSgRo/v-deo.html
You're advised to watch the videos in proper order to avoid any confusion
Sir aap bhot acha pdate ho
Pr itni sari videos kaise jaldi complete kre ???
Watch as much as you can and understand in a day every day.
Sir how r we gonna calculate marginal relief for LTCG ₹51,00,000..
Sir Agar dekha jayen to after MR kuch portion income par 100% tax lag raha hai isko court mein challange kar sakte hai.
MR is a benefit, it cannot be challenged
Sir leave encashment received during service ka relief le sakte hai kya section 89(1) mein
NO
@@StudyAtHome thank you very much sir for the reply🙏🙏
Sir Marginal relief is applicable to both regime or only the new ones??
both
@@StudyAtHome ok sir 👍
Happy independence day to all
Same to you🙌🏻
Sir is marginal relief and surcharge both are applicable on only new tax slab rate ??
applicable on both slab old and new
@@StudyAtHome ohk sir thankyou so much ♥️
How we know marginal relief is available to that income
You're Welcome!😊🙌
2:39 tax upto 15 lac = 1,50,000
Tax beyond 15 lac= 10,50,000
TI= 12,00,000
👍
Sir is these lectures is applicable for cma intermediate june 24
Yes it is
How do we calculate marginal relief on income of Rs 20100000 which includes 60 lakhs from special income and balance from other income? Please solve my query sir 🙏 I am confused whether we have to calculate both income separately including surcharge
Yes you have to calculate separately. Numerous example has been done just do that no query would be left.
Hello sir
I am CMA inter group 1 students, sir aap jo income tax ki classes kara rahe ho is me both direct tax or indirect tax dono pura karoge naa ,sir please reply
Whole Income Tax will be covered in the Free Income Tax Series AY 2024-25 and GST Series is already available on our channel. You can watch the lectures from here: ua-cam.com/play/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4.html&si=oQlF-JrYiem8fdeb
Ok, thanks u sir 🙏😊
Sir marginal relief resident, non resident dono ko milega ya sirf resident ko?
Both
Sir Standard deduction deduct nahi kiya aap na
Sir rebate new slab mein rebate 7l tal milta hna 5l tak kaise??
OLD SLAB RATE :
UPTO THE INCOME OF 5 ,00 , 000 REBATE OF 12500 IS ALOOWED RESTICTED TO THE AMOUNT OF TAX PAYABLE .
NEW SLAB RATE UNDER SECTION 115BAC :
UPTO THE INCOME OF 7 , 00 , 000 REBATE OF 25000 IS ALLOWED ...RESTRICTED TO THE AMOUNT OF TAX PAYABLE .
Sir in illustration 11 how we come to know that the domestic companies has the turnover above 400cr bcause we have taken flat tax rate of 30%
Sir solved it on the basis of assumption. You can better take 25%.
@@StudyAtHome Ok thankyou 😊😊
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Is this applicable for CS executive as well or not
Yes, applicable!
47:23 pr sir illu 11 m domestic co ki tax rate 30% hi kyon li turnover toh Nhi diya 400cr Vala jisse pta chale 25% lenge tax rate ya 30%
Sir solved it on the basis of assumption. You can better take 25%.
@@StudyAtHomewill you please clarify why general rates taken instead of new slabrates.
By default new slab rate to be followed right ?
Please reply sir
SIR DOWNLOADABLE PDF MILEGA KYA? PRICE KYA LAGEGa?
You can not download pdf as it is copyright protected. However, you can buy Income Tax printed book from our website - bit.ly/3OwBkfe
Sir my salary income after standard deduction is Rs 7,10,000/-.
If I calculate tax as per slabs given under new regime will be:
On 3,00,000/- Nil
On next Rs 3,00,000/- @ 5% 15,000/-
And on balance Rs 1,10,000/- @ 10% - 11,000/-
Total Tax Rs 26,000/-
But when I put this amount (7,10,000/-) in tax calculator given in income tax portal I am getting tax amount as Rs 10,000/-
I could not understand how is this? Whether I am getting marginal relief or what sir? Please clarify Sir.
Yes, 10000 is correct and you're wrong. Watch this video - ua-cam.com/video/QxMWUdQxeGk/v-deo.htmlsi=jM8y2_oAylKFsnPD
This is because of Rebate given to new Tax System as Per Sec 87A
Sir apki sari income tax ke lectures kb tk end ho jaenge?
They're expected to be over by December
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Sir dec thak pura tax hoga appka main pdr asea tax kyi nhi pdr kiss ne
Yes, it is expected to be completed by December
47:14 flat rate @30% liye magar more than 400 crore toh mention nahi hai
Assumed
11:03 sir ye concept toh rebate jaisa hi hai na?
Yes, rebate of new regime.
Sir I am watching for June 2024 , isse padhna se ho jayega na ?
Yes, absolutely!
I don't understand marginal relief on 1,01,00,000
I want to buy new course ca intermediate for 2024
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25% tax kyu nhi laga domestic co. Ka 30% kyu laga
Sir solved it by taking assumption u can take it 25% as well
@@PriyankaChoudhary-mt1jj okay understood thanx
Yes, it was an assumption, you can take 25%.
Sir, can i get ur no.
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