New Tax Regime vs Old Tax Regime in Malayalam ഏത് തിരഞ്ഞെടുക്കണം?| New Income Tax Slab 2023-24

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  • Опубліковано 5 жов 2024
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    . New Tax Regime vs Old Tax Regime in Malayalam ഏത് തിരഞ്ഞെടുക്കണം?| New Income Tax Slab 2023-24
    Google sheet link: docs.google.co...
    (Please create a copy of the same to get the edit access: Go to "File" - Click on "Make a Copy")
    About the video: For financial year 2023-24, the government has revised the income tax slabs under the new tax regime to make it more attractive. Further, many other benefits have also been brought under the new tax regime - such as introduction of standard deduction, nil tax on taxable income up to Rs 7 lakh, reduction of surcharge on taxable incomes above Rs 5 crore and so on.
    The changes under the Income Tax Act, 1961, make it important for salaried individuals to do their tax planning in this month itself. This is because the tax regime opted by an individual will decide how much tax is deducted from their salary income. Not doing proper tax planning will lead to higher TDS from salary income and reduce the take-home pay.
    So let's understand both old tax regime and new tax regime through this video and informed enough to select between both.
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КОМЕНТАРІ • 76

  • @GrowwMalayalam
    @GrowwMalayalam  Рік тому +2

    Google sheet link: docs.google.com/spreadsheets/d/1apOzJKGqgoXKeuRjmtCEMzvbD_dzxB_0kR-KuDjIiRI/edit#gid=0
    (Please create a copy of the same to get the edit access: Go to "File" - Click on "Make a Copy")

  • @sheelati9628
    @sheelati9628 2 місяці тому +1

    Good information. As per this information old tax is beneficial for me. My taxable income is above seven lakhs

  • @rahulvs6850
    @rahulvs6850 Рік тому +3

    Under the new tax regime, taxpayers can claim the benefit of employer contributions to their National Pension System (NPS) account under section 80CCD(2) of the Income Tax Act.

  • @sajeeshcnair
    @sajeeshcnair 9 місяців тому +1

    If you don't have any investments under 80c & 80d New tax regime is good tax rebate upto 7 LPA and a standard deduction for rs 50k no tax to be paid

    • @sasikuttan9402
      @sasikuttan9402 7 місяців тому +2

      New regime select ചെയ്താൽ..next year namuk old ലേക്ക് മാറാനുള്ള option undavo?,

    • @jyothishvasappan9345
      @jyothishvasappan9345 5 місяців тому

      @@sasikuttan9402yes every year we can select the tax regime as per our need.

  • @lovelyravi3243
    @lovelyravi3243 6 місяців тому

    super,,,described in a simple manner...v pretty too 💪

  • @suchethaanil5449
    @suchethaanil5449 Рік тому

    Very helpful video thankyou

  • @deepavd3755
    @deepavd3755 3 місяці тому +1

    thanks dear

  • @vijithaviji8992
    @vijithaviji8992 Рік тому +2

    Under new tax regime, unable to give standard deduction. Can we deduct it from the income by ourselves?

  • @9847424109
    @9847424109 Рік тому +1

    Thanks a lot .. your explanation was very clear

  • @prakeeshkishor
    @prakeeshkishor Рік тому +1

    Really helpful

  • @Reethu-o9b
    @Reethu-o9b 2 місяці тому

    ഇപ്പോള് ന്യൂ സെലക്ട് ചെയ്യ്തു കഴിഞ്ഞാൽ. പിന്നീട് അടുത്ത വർഷം മുതൽ ന്യൂ തന്നെ സെലക്ട് ചെയ്യേണ്ടി വരുമോ, രണ്ടുവർഷം കഴിഞ്ഞ് ഹൗസിംഗ് ലോൺ എടുക്കുമ്പോൾ ഓൾഡ് റെജീം ചെയ്യുവാൻ സാധിക്കുമോ

  • @sreesh
    @sreesh Рік тому

    You have given wrong slab rate in new and old regime.pls correct it
    In old tax regime,
    0-3 L - no tax
    3. 1 - 5 L- 5%
    5.1 - 10 L -20%

  • @anwersadathvn239
    @anwersadathvn239 7 місяців тому

    total salary 9,5 lakh home lan 1.75 lakh എനിക്ക് ഓൾഡ് റെജീം അല്ലെ നല്ലത്

  • @krishnakamal21
    @krishnakamal21 Рік тому

    How about people with higher income -example 30L per Annum, without Home loan with around 1.5 lakh tax saving investment, which regime will be better

  • @Rahmathps6891
    @Rahmathps6891 9 місяців тому +1

    എനിക്ക് 720000 rs ആണ് വരുമാനം ഉള്ളത്, ന്യൂ റെജിം ൽ 50000 കുറച്ചു കഴിയുമ്പോൾ 7 ലക്ഷത്തിൽ താഴെ ആയതു കൊണ്ട് റി ഡക്ഷൻ കിട്ടുന്നുണ്ട്, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ മതിയോ, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ നെക്സ്റ്റ് yr ഓൾഡ് രജിം തിരഞ്ഞെടുക്കാൻ കഴിയുമോ

  • @NithinChandran-qx6dx
    @NithinChandran-qx6dx 2 місяці тому

    Hra oke veruthe 72000 oke kurach kanikunath thettale , hra yilum ntho kanakk illae

  • @shek41
    @shek41 Рік тому +1

    Old regime is good if u pay a high rent. eg; 50k per month

    • @jishnu18
      @jishnu18 Рік тому

      You cannot avail entire rent money. it will be mnthly HRA*12 or rent -basic sal +DA or Rent amount out of this the lowest one will be considered.

  • @sheenajohn844
    @sheenajohn844 Рік тому +1

    speed കുറച്ചു പറയണേ കാര്യങ്ങൾ നന്നായി പറയുന്നുണ്ട്.

  • @vishnurajkrishna
    @vishnurajkrishna Рік тому +1

    we cannot claim lic,health insurance ,elss mutual fund investments in new tax regime right?

  • @snehaa.s486
    @snehaa.s486 10 місяців тому +1

    Thankyou dear 🥰

  • @ajesha-l5c
    @ajesha-l5c 9 місяців тому

    I had moved to new tax regime on july 2023 month, but now in Jan 2024 i had taken home loan (60 lakhs)..how can i save some tax here ? What should i do (CTC more than 15 lakhs)

  • @Apz2696
    @Apz2696 5 місяців тому

    Which regmi is better for 8-9 lakhs ctc? Someone please help.
    Please note I have home loan.

  • @teeyajoseph9911
    @teeyajoseph9911 Рік тому

    Old tax regime was much better. In new tax regime deductions are less and need to give higher tax. I dont see 50k std deduction for new tax regime.

  • @jishnu18
    @jishnu18 Рік тому +3

    Most people do not have home loan so new tax regime seems better

  • @ganesank5240
    @ganesank5240 Рік тому

    In the recent budget declaratio whether the deduction under nps and hl interest has been allowed?

  • @monse174
    @monse174 3 місяці тому

    18 lakh &above വിന്റെ കാര്യം ഒന്നും പറയുന്നില്ലല്ലോ.

  • @NikhilKumar-mn5qy
    @NikhilKumar-mn5qy Рік тому +1

    One doubt... These 80C deductions are not possible in new tax regime? I think the new regime is the recent updated tax rate only and deductions should be applied while calculating thw IT to be paid. Correct me if I'm wrong. 😢

    • @edwinmalias
      @edwinmalias Рік тому +2

      80c not applicable for new regime bro

  • @cheriankurian2409
    @cheriankurian2409 6 днів тому

    What abt senior citzens

  • @Jithinvlogy
    @Jithinvlogy Рік тому +2

    Enek salary acnt credit 20k varunu und monthly,apol njan enth cheyanam

    • @vipinsatheesh4323
      @vipinsatheesh4323 10 місяців тому +1

      No need to file return
      Income taxable limit il above annel mathram return file cheythal mathi ie 250000. Hope 20000 is excluding deduction

  • @deepthishaji4601
    @deepthishaji4601 2 місяці тому

    5 lakh varey old alley nallathu educational loan undu

  • @sivaramank5811
    @sivaramank5811 Рік тому +1

    I opt old scheme

  • @Hemalatha-fo6sy
    @Hemalatha-fo6sy 9 місяців тому

    Newregimil taxable income 700000 thazhe vanna ltex rebate ethrayairikkum

  • @ChithrbanuChithrabanu
    @ChithrbanuChithrabanu 9 місяців тому

    80DD ithil etha proof vakendathu. Expense anoo

  • @AkhilAPillai-e7e
    @AkhilAPillai-e7e 9 місяців тому

    cant calculate in excel..its view only

  • @satheesh3291
    @satheesh3291 Рік тому +1

    I opt new tax regim

  • @vivekpalakkal
    @vivekpalakkal Рік тому

    Why we cannot claim any deductions under new tax regime? How we can reduce our income tax laibility if we have no ltcg & other incomes? Pls explain?

    • @crazy_knight-Yt1
      @crazy_knight-Yt1 Рік тому

      It depends on benefit sir. You can choose either old or new scheme according to your perspective. For eg: If a person have to file income tax, then he have the right to analyse which scheme provides benefit to him. If he want to avail the investments and other deductions, obviously he can choose old tax regime. Or say if the person have no such investments or any other factors, then he can choose new income tax regime.

  • @Arun-lk4yv
    @Arun-lk4yv Рік тому +1

    From where Excel sheet dawnload Plz help

  • @jyotishv
    @jyotishv 8 місяців тому

    What comes under Standard Deduction?

    • @GrowwMalayalam
      @GrowwMalayalam  8 місяців тому

      Hi,
      To learn more about basics of income tax, click on this link: groww.in/blog/basics-of-income-tax-for-beginners
      Thank you

  • @Apz2696
    @Apz2696 5 місяців тому

    Monthly oru 50k to 55k salary kittunna oraalu ethu tax regmi aanu choose cheyyendathu? Home loan und. Someone please help.

    • @Anurag-vh7tj
      @Anurag-vh7tj 4 місяці тому +1

      the old tax regime is likely to be more beneficial.

  • @saijupanmana7295
    @saijupanmana7295 Рік тому

    In the new regime tax slab taxes are less

  • @chandrasekharanthekkayil7536

    മാഡം.. ഈ tax റേറ്റ് വരുന്നത് 2924. ജൂലായിയിൽ 3:39 കൊടുക്കുന്ന tax റിട്ടേൺ ഇൽ ആണ് ഈ 31..7..23.. ൽ അല്ല. തെറ്റിദ്ധരിപ്പിക്കല്ലേ

  • @vipinkumark4476
    @vipinkumark4476 Рік тому

    Ee home loan interest ilathavarko?

  • @shelbinchacko2794
    @shelbinchacko2794 8 місяців тому

    Professional tax new regime il deduct cheyyamo?

  • @gokuldasp8122
    @gokuldasp8122 Рік тому

    Is i am able to claim my tax deduction

  • @rajankm2761
    @rajankm2761 Рік тому +1

    very good

  • @mallutripstories
    @mallutripstories Рік тому +1

    have u corrected the formula in excel sheet now? Can I download it?

  • @anuaugustine9316
    @anuaugustine9316 Рік тому +1

    Unable to open excel... how to get the access?

    • @GrowwMalayalam
      @GrowwMalayalam  Рік тому +1

      Link open cheithitt "File" ennalu kanunnidath click cheyyanam. Athil "make a copy" ennulla option kanum. Athil click cheith puthiya copy undakki ath use cheythal mathiyakum

  • @Arun-lk4yv
    @Arun-lk4yv Рік тому +1

    Excel sheet engne anu edukunat discription l evde anu

  • @nidhinp1593
    @nidhinp1593 Рік тому

    Hra except ano new regime

  • @bhavikrishnan631
    @bhavikrishnan631 Рік тому

    Hii enik 10 above CTC aanu...tax benefits kuravanu... Eee varsham(23-24) new regime il apply chytht next year old regime chyn pattumo...becoz Nxt year home loan pay chyund...

  • @Mithunraj112325
    @Mithunraj112325 Рік тому

    3 lakh short term capital gain
    And
    80 k from f&o
    No other income for me
    Njn tax adakkendi varumo

    • @GrowwMalayalam
      @GrowwMalayalam  Рік тому +1

      No

    • @akshaysundar1806
      @akshaysundar1806 Рік тому

      Capital gains എല്ലാം separate head ൽ അല്ലെ കാണിക്കുക.....STCG-15%, LTCG-10%

    • @jishnu18
      @jishnu18 Рік тому

      Capital gains ellam realize cheyyumpo depends on duration LTCG or STCG deduct aaye accountil varu

  • @aswathyachu9416
    @aswathyachu9416 Рік тому

    Old

  • @sreejithns511
    @sreejithns511 Рік тому

    Tnx sister

  • @jayan0018
    @jayan0018 Рік тому

    Old