Sir ji plz urgently reply me. I'm salaried person income is more then 2.8k less then 5lakh from Job annually also side by side not daily but sometimes i use to trade in Intra as well as in F&O which i have started this year only & till now i have losses only. Last time i had done ITR2 because i was having Share market activity with swing trade gain so but in this Assessment Year which ITR i have to choose ITR2 or should i go with ITR3. Please help me. THANKYOU FOR YOUR TIME.
Hey Rishabh, can you please put out one for ITR 2 as well? ITR 1 is pretty straight forward, but ITR 2 flow has some glitches on the portal, making it difficult to make sense of anything
Hi Rishabh, actually tax filing for salaried people is easy because you get help from employer and tips from colleagues. But would u ask Anoop Bhatia to do a course on Business income, capital gains / loss on trading, set off and carry forward of losses, etc Also when I was filing taxes, I noticed the new form AIS has far more info like interest from post office TD. So this was over and above the 26AS
Kindly make a video on intraday trading ,f & o trading,short term capital gain,long term capital gain on equity,dividend income and income from other sources.
Passed BTech last year, got placed. Since I am the first engineer of my family, also the first person to have taxable income - I didn't know anything about taxes and how to pay them. Followed this video and submitted the ITR. Thanks for helping.
Thanks for this video Rishabh! It was really helpful. Can you please suggest how to exempt deduction under 2(28A)? I couldn’t find it anywhere in the official filing form.
Do we need to calculate DP charges separately if those are not included in the capital gain report to report under expenses related to transfer column?
I am a pg student, getting stipend of 80k per month. Already paid tds 10%, Can i claim full citing stipend or have to disclose all tax saving scheme i have.??
Hi Rishabh sir, I got gratuity from my previous IT company after completing 4y9m, but they didn't exempt that amount in section10(10). Later they told me that I did not complete 5 years in company that's why they did not exempt it. Would it be legally right if I claim for gratuity exemption while filing ITR?
recently my father passed away,after which i received his bank fixed deposits into my account. Now please guide me when i will file my itr 1 do i need to disclose this and if yes in which section? also under which section inherited money is exempted. can income tax department ask any documents from me please advise
Hey LLA, I have invested Rs. 20000 in Infrastructure bonds (80CCF) which gives additional deduction over 1.5 Lac 80C limit. But that section is not available in ITR 1. Can you please confirm where can I add this ?
Section 80CCF of the Income Tax Act is a subsection of Section 80C that provides the taxpayer with a deduction on the amount invested in specific Government approved infrastructure bonds. This section enables the taxpayer to avail a deduction of upto Rs. 20,000 per year on total taxable income. 80ccf is included in 80c only
@@snehalkadam2712 hey if total income is less than 5 lakhs still we need to choose the same option as told in video or we need to choose 'other' there at first step, am confused could you may be help?
What about if tax is to be paid and that same amount is to be first paid and then declared under self assessment tax clause. It would be great, if you could also include that step as well in upcoming videos
I often see LLA's vlogs but would say this is incomplete information about return filing and even though it's only ITR 1 demonstrated, let me tell you this itself is not even 50% covered, let alone other more detailed forms. Practically, there are so many concepts and nuances that it's not possible for an individual to know and be updated who is not regularly in touch with tax matters. Let's not take the matter so lightly and should consult tax practitioners for peace of mind atleast if not for anything else.
This video is useful for a basic salaried employee who doesn't have any other significant transactions or income sources. If by any chance, the person is aware of non- regular items, must consult a professional
Dear Team, Thanks for the video. One question to ask, will I get the tax rebate u/s 80 CCD (2) if the employer on my behalf contributes to the NPS deducting the amount from my salary? Note - This is my contribution to NPS made by employer. Employer is not contributing any amount from its side. Also confirm that this rebate will be additional from the rebate u/s 80 C & 80 CCD (total 2 lacs)?
Hi, In last year's ITR filing I missed details of donation and NPS. Is there any way to consider them now? I heard that last two year's mistakes can be fixed this year(as mentioned in budget speech).
@@krishankantaggarwal4708 I was shown a refund last year but refund never arrived till now. I got itr filled by some noob so I think he did some mistake at that time. Is there any way to get that refund back now of year 21-22?
I am a salaried employee. I have a few questions 1) What I should do if the is a difference between the cumulative salary received and that mentioned in form 16. ? 2) if the employer is contributing to EPFO, can it be declared in 80CCD(2)? And how much amount can be declared?
Kindly contact your employer regarding the mismatch and as far as epfo contribution is concerned it is allowed under 80C not 80ccd and EPF contribution is allowed as deduction on the employee part only under 80c
80 CCD(2) is the employer's contribution to the central pension scheme. 12% of (basic + DA), is contributed by the employer towards the provident fund. Out of it, 8.33% is contributed to EPF and 3.67% is contributed to EPS. What exact are EPF and EPS? Explain with an example. Are they come under a central pension scheme or not?
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
sir, UA-camrs ke liye kaise ITR file kar sakte hai? and Jo tax US wale payment ke time par kaat lete hai kya usko hum kisi tarah se claim kar sakte hai ya uska kuch benefit?
Hax to Save Tax: www.taxplanningforsalariedemployees.com
I have 1 doubt where to ask ??
Itr 2 par bhi video banado plz , for mutual funds( both equity and debt)
make a video about stock trade tax payment
Hi SIR,
Please also make video for NRI tax return file
Sir ji plz urgently reply me. I'm salaried person income is more then 2.8k less then 5lakh from Job annually also side by side not daily but sometimes i use to trade in Intra as well as in F&O which i have started this year only & till now i have losses only. Last time i had done ITR2 because i was having Share market activity with swing trade gain so but in this Assessment Year which ITR i have to choose ITR2 or should i go with ITR3. Please help me. THANKYOU FOR YOUR TIME.
Thanks Man, I just filed my tax returns while watching this video. and this was my first time I was filing the ITR.
I am a CA inter student and it was very helpful dude. THANKS!!!!
Thank you Sir! You have explained it very well and easy to understand. Helped me a lot filing my first ITR!
Thanks
Sir Eshop enchash nhi kiya h abhi sirf allocate hue h january m itr 2 bharna padega?
Thank you so so much sir. What you have done is literally spoon feeding. So good for us noobs. Felt so worthwhile after doing this. Thanks a lot!
Thks very much...filed my returns on my own
1st time..excellent step by step explanation.... keep it up...thks
Hey Rishabh, can you please put out one for ITR 2 as well? ITR 1 is pretty straight forward, but ITR 2 flow has some glitches on the portal, making it difficult to make sense of anything
ua-cam.com/video/DdznWljz1gk/v-deo.html check this for ITR 2
Yes please 🙏
Yes please
yes please one video on ITR 2
ua-cam.com/video/F07gCa2Jihk/v-deo.html
thank you so much sir.
apki video dekh ke maine first time apna itr khudse bhara .
feeling good.
Watching video as CA Inter student.
Really helpful for practical knowledge and application of provisions studied on website while filing return.
@Rakesh sahu definitely 😂
@Rakesh sahuare you also preparing for 1st group?
@@Skyisthelimit14 Sure. What are your doubts?
Thank you so much sir i filed my itr today for 2021-2022
Great stuff! Could you make another video just explaining ITRs 2,3 & 4 in short?
U can check ua-cam.com/video/DdznWljz1gk/v-deo.html
Yes please
Absolutely yes
Yes please
Live ITR file kiya..thanks for the video LLA..proud to be your subscriber
4:57 Basic Exemption Limit is 2,50,000 not 500000
Upto 500000 we get rebate u/s 87 A of rs 12500 which makes tax liability as Zero
Remember That
Do u have any idea about income u/s 194jb?
@@adityaraghav6459 yes
so it is still mandatory for people who get salary
@@adarshks8024 Yes, if income is greater than basic exemption limit that individual needs to file ITR (in your case 2.5 Lakhs I assumed)
Contact us for the taxfiling -free
sites.google.com/site/srncorporatesolutions/contact-us?authuser=0
Very helpful video. I filed my return on my own watching this video for the first time. Saved 4000/- that the CA would have charged
Hi Rishabh, actually tax filing for salaried people is easy because you get help from employer and tips from colleagues. But would u ask Anoop Bhatia to do a course on Business income, capital gains / loss on trading, set off and carry forward of losses, etc
Also when I was filing taxes, I noticed the new form AIS has far more info like interest from post office TD. So this was over and above the 26AS
Kindly make a video on intraday trading ,f & o trading,short term capital gain,long term capital gain on equity,dividend income and income from other sources.
Not just that, AIS also has info about trading in shares, scrips, investment in mutual funds... Etc
@@avarshney5710t
Simply best. done within 15 mins. Thanks
Sir please make an updated version of "best term insurance plan". We are waiting for it.
I Love your content ❤️ 💖
Tata AIa,Max life and hdfc ergo
Thank you Sir .🙏
I have filed very first time ITR1 as salaried employee
आनंद आ गया, much needed video 👌🏻👌🏻
Respect for explaining this so simply 👌🏻👌🏻
Try to make another more detailed informative video 🙄
Bhai wo paid already available he...free me to itna hi denge.
@@ek_virus 😂 things change on demands , such free videos will halp lot many people Which eventually will help him to get more subs & views
@@sanatani_yogi yes but he's giving enough i think.
Kafi din se iss video ka intezar tha. Thank you so much...
Sir very good informative video. Please make a detailed video on STCG and LTCG for Equity investors. Is it ITR2?
Yes
I think you can check on freefincal channel.
Yes ITR2
ITR3
Thanks buddy, its helped me to submit my first ITR
Can you please explain how to file ITR when you have capital gains income as well.
BTW Thanks! This was very helpful.
For that use itr2
If interested to file ITR at as cheap as Rs. 1000/- . Type interested
Yes, this video is necessary. ITR 2 is tricky.
ua-cam.com/video/DdznWljz1gk/v-deo.html check this for ITR 2..
@@kripashankar9858 I gain only 1500rs capital gain , still I need to fill ITR2 , and in my form 16 tax is 0
Appreciated, just filed my returns following these steps!
Hi LLA Team,
Would love a detailed video on ITR 2 as well.
ua-cam.com/video/DdznWljz1gk/v-deo.html check this for ITR 2
Love your elaborate videos that is simple enough to be understood by lay men.
This video is a life saver. But if you dont have any idea of deductions then you should consult a CA. He will help you get more refund in some cases.
VERY HELPFUL INFORAMTION.
CA ppl: "toh mein kya job chodd dunn?!"
Are you a CA ?
Na.. aap bade logo ka ITR bharo🤣
This not CA work unko our bhi bade bade kaam hote h yeh chote more toh b.com. wale karte h
Job nahi professon chod du bol
Ha ghr pe baith tu.
Thank you very much Rishabh sir for educating us. Keep up the good work.. 🙏🏻
Passed BTech last year, got placed.
Since I am the first engineer of my family, also the first person to have taxable income - I didn't know anything about taxes and how to pay them.
Followed this video and submitted the ITR.
Thanks for helping.
From which college??
College?
@@deepakmodi927 MANIT
Probably ur salary package would be 10lakhs per annum right?
Buy a house on loan If you want to save tax.
Best knowledgeable channel....simple learning and sir's communication skills awesome to make things easy understandable
Thanks for this video Rishabh! It was really helpful. Can you please suggest how to exempt deduction under 2(28A)? I couldn’t find it anywhere in the official filing form.
Very good information... Need a video like this for self-employed person☺
Do we need to calculate DP charges separately if those are not included in the capital gain report to report under expenses related to transfer column?
Yes
@@Avijay are you a ca or tax consultant can i ask a doubt ?
@@shravan97 student
Thanks bro.... u saved my time and money. Thanks a lot.
Kindly share the process of filing the ITR for NRIs
Thank you very much. This video was highly helpful. 🙏
I am a pg student, getting stipend of 80k per month.
Already paid tds 10%,
Can i claim full citing stipend or have to disclose all tax saving scheme i have.??
Yes ofcourse but terms and conditions apply
Bro how are you getting this much stipend? Which pg is this?
I am also getting my stipend after 10% tds deducted how to claim that?
Honestly it took me extract 10 minutes to fill my return. thanks man 😄. It was all about matter of few clicks.
Hi Rishabh sir,
I got gratuity from my previous IT company after completing 4y9m, but they didn't exempt that amount in section10(10).
Later they told me that I did not complete 5 years in company that's why they did not exempt it.
Would it be legally right if I claim for gratuity exemption while filing ITR?
Yes ofcourse
I think you are eligible for gratuity only if complete 5 or more years.
individuals who have completed 240 days in their fifth year of service are eligible for gratuity and can also claim u/s 10(10)
Is leave encashment amount (which received once we leave company) also exempted or need to consider under taxable income?
@@manojdesai272 That was exempted in form-16 already. So leave encashment is not bound to any time limit.
recently my father passed away,after which i received his bank fixed deposits into my account. Now please guide me when i will file my itr 1 do i need to disclose this and if yes in which section? also under which section inherited money is exempted. can income tax department ask any documents from me please advise
Please visit a ca or cma wo aapko sahi guide karenge charges bhi nominal lete hai but sahi knowledge se aapka time Bach sakta hai !
Thanks 😀 Love this channel 👍
Hey LLA, I have invested Rs. 20000 in Infrastructure bonds (80CCF) which gives additional deduction over 1.5 Lac 80C limit. But that section is not available in ITR 1. Can you please confirm where can I add this ?
Section 80CCF of the Income Tax Act is a subsection of Section 80C that provides the taxpayer with a deduction on the amount invested in specific Government approved infrastructure bonds. This section enables the taxpayer to avail a deduction of upto Rs. 20,000 per year on total taxable income.
80ccf is included in 80c only
@@snehalkadam2712 i got interest of L and T infra bonds this year, where to show them?
@@nikhil9555 it will be added to your total income and will be taxable as per income tax slabs
@@snehalkadam2712 hey if total income is less than 5 lakhs still we need to choose the same option as told in video or we need to choose 'other' there at first step, am confused could you may be help?
What about if tax is to be paid and that same amount is to be first paid and then declared under self assessment tax clause. It would be great, if you could also include that step as well in upcoming videos
Contact @9888522454 if you have any query
Yes
Very very very very very very informative Rishabh bhai 🎊🎉
I often see LLA's vlogs but would say this is incomplete information about return filing and even though it's only ITR 1 demonstrated, let me tell you this itself is not even 50% covered, let alone other more detailed forms. Practically, there are so many concepts and nuances that it's not possible for an individual to know and be updated who is not regularly in touch with tax matters. Let's not take the matter so lightly and should consult tax practitioners for peace of mind atleast if not for anything else.
This video is useful for a basic salaried employee who doesn't have any other significant transactions or income sources. If by any chance, the person is aware of non- regular items, must consult a professional
Are you a ca, if you are please share your contact details.
I m salaried nd never filled retun by self after watching ur video i hv done my ITR process not in 10 min just 5 mins really helpful video thanks 😊
Dear Team,
Thanks for the video. One question to ask, will I get the tax rebate u/s 80 CCD (2) if the employer on my behalf contributes to the NPS deducting the amount from my salary?
Note - This is my contribution to NPS made by employer. Employer is not contributing any amount from its side.
Also confirm that this rebate will be additional from the rebate u/s 80 C & 80 CCD (total 2 lacs)?
Following
Yes
Just filed at d last moment watching ds vdo . WHAT A RELIEF.. THANKS LLA ❤️
Hi, In last year's ITR filing I missed details of donation and NPS. Is there any way to consider them now? I heard that last two year's mistakes can be fixed this year(as mentioned in budget speech).
My question is same .I forgot to file my arrier tax deducted amount in ITR .Is there any way to get that amount back .pls help !
Yes please clarify if this can be done?
No this is not possible you can file itr u but cannot reduce your tax
@@krishankantaggarwal4708 I was shown a refund last year but refund never arrived till now. I got itr filled by some noob so I think he did some mistake at that time.
Is there any way to get that refund back now of year 21-22?
@@akki10395 is refund receivable shown in your itr if yes u can see the status of it in income tax portal which might show reason of not refunded yet
Thank you very much for the information.
Aur jab income tax se notice aayegi toh Labour Law Advisor se hi consultancy lena!!
🤣
Hi.. I watched the video and filed my ITR.. Thanks
I am a salaried employee. I have a few questions
1) What I should do if the is a difference between the cumulative salary received and that mentioned in form 16. ?
2) if the employer is contributing to EPFO, can it be declared in 80CCD(2)? And how much amount can be declared?
Same question
Kindly contact your employer regarding the mismatch and as far as epfo contribution is concerned it is allowed under 80C not 80ccd and EPF contribution is allowed as deduction on the employee part only under 80c
80CCD(2) is only for NPS contribution from employer
80 CCD(2) is the employer's contribution to the central pension scheme.
12% of (basic + DA), is contributed by the employer towards the provident fund. Out of it, 8.33% is contributed to EPF and 3.67% is contributed to EPS.
What exact are EPF and EPS? Explain with an example. Are they come under a central pension scheme or not?
Thank you. It helped me to file ITR
bhot late kardiya video lane mai
Very informative..thank u sir
Very Informative, To the point, and Quick
Thank you so much sir. It was an informative video for the new tax payers.
Thank you so much bhai it help me a lot while filling my 1st ITR.
M apki help kar sakta hu apka tax reduce karne me.. apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description.
A great informative video sir!!!! Thank you!!!
So good explanation...Best on UA-cam
Thanks for very helpful information sir 🙏🏼
This helped greatly. Thank you LLA team
Thankyou sir !❤️
Zabardast bhai. Aapne humare 1000 bacha diye.
To the newbie people, this is a over over over simplified version which omits so many things.
Hi this video helped me a lot!
Very useful video...☺️👍👍
Video saved me and my time ✌
Thank you so much!
Best in segment on UA-cam
Thanku so much sir 🙏🏻😀
Great video
Filled my first ITR in less than 10mins
LLA op 🚀🚀🚀
Most helpful 👍👍👍🙂 maza aya CA KE FEES BACHA GYA
Very HelpFul!
Thank you!
Super session thanks Mandeep.
thank you sir for this video :)
It helped me. Thanks bro 🤗
Thankyou Bhaiya,
This was the video we were lookin
Thank you so much for such informative video
Thanks for innovative videos. Kindly give a vedeo offilling itr form 2 for those having capital gain on stocks. Thanks again
Very helpful 👏👏
Edit income for 6:03 salary is not autofill showing 0 but my father is state government employees or i did something wrong
Thanks for sharing it.
Really helped me a lot. Thanks 🙏
Thank you filed tax successfully :)
Your way of explaining is very good thank you!
🚩॥ जय जय श्री सीताराम जी ॥🚩
🚩॥ जय जय श्री हनुमान जी ॥🚩
Thank you. Very useful.
Aap ne kaha subscribe kar lo yaa bouht galat baat hai.... Aur maine kar diya... Love ur content... ♥️ frm assam
Thanks you Rishabh for your easy guidance. It helps a lot.
Fabulous video sir..
Thank you.
Thank you for this video
Very helpful. thanks :)
Thank you so much for this. For the first time I did my ITR file. The salary is less but I loved the process. Soon gonna purchase that course.
hlw i need one help
sir, UA-camrs ke liye kaise ITR file kar sakte hai? and Jo tax US wale payment ke time par kaat lete hai kya usko hum kisi tarah se claim kar sakte hai ya uska kuch benefit?
@Tax Eazy kya aap mujhe bta sakte hai ki kaise?