How to calculate Income Tax in Old Tax Regime | வருமான வரி கணக்கிடுவது எப்படி? Income tax simplified
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- Опубліковано 19 січ 2024
- How to calculate income tax in Old Tax Regime
5 Steps to calculate income tax
1. Identify income sources
2. Calculate exemptions and deductions
3. Calculate Net Taxable income
4. Calculate Tax as per tax slabs
5. Finalize tax - apply CESS, Surcharge, Rebate
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)
docs.google.com/spreadsheets/...
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Being an IT payer since long time I didn't know these concepts . I was eager to understand these tax concepts.
Finally I understood this important topic through your video. Well explained. Thank You👍
Excellent explanation sir , thank you so much for your support,
Highly informative and well explained like a good teacher...Thanks a lot...
Thank you so much super explain
ரொம்ப நன்றி சார் ❤
Clear explanation brother thank you 😉
Sir Excellent teaching skill ❤❤❤
Excellent comparison sir, thanks a lot
Really crystal clear explanation sir. Thank you so much 🙏🎉🎉🎉
Highly informative and well explained like a good teacher
Tanks to explain
Awesome 🙏🙏🙏
Great 🎉🎉
Thank you sir 🙏
Thank you so much sir, If you make a video for the Income tax rule for the NRI holder turning in to the Indian, really appreciate
@thinkingtamizha007
Please make video on long & short term capital & gains calculating Workings
Please post a video about term life insurance🙏
Very clear explanation. Kudos 👏👏👏👏. Need video of this continuation by paying the ramesh & suresh tax in income tax portal. How to calculate salary TDS deduction in final calculation.
Video on TDS calculation already there in our channel. Check description of this video for links.
Hi Bro. how to calculate previous years' STCL.
Lta pathi podavey illaye brother, where need to update in excel calculator excel?
Why NPS is not allowed in new tax regime..? As per budget 2023 Standard deduction and NPS (Employer contribution) is allowed in new tax regime.
Hi Sir
Can you give video about tax Tax-free perquisites
For calculating. Gross income from pay slip what are the dues is calculated Pay , DA , HRA , Medical Allowance , conveyance allowance, sumptuary allowance…all are should be calculated or not
Sir , In my salary my employer is not paying LTA separately.... Shall I claim deduction for LTA
If I click ur link directly open the Google Chrome Google sheet. Google sheets not showing the download option.. please guide me
Thanks Thaliva
Can you tell me, NRI is must to file an Income Tax, because am NRI and I am holding stocks in stock market. Please make a video on this thanks in advance
In your excel document, do we need to add our graduity amount as gross total income ?
I am retired in March 23 from PSU Govt. Service.
After IT return filing in July 23, my Management has deducted Jan to March cafeteria amount Rs.68000/- and for which 30% TDS also already deducted before March 23 just before my retirement.
This Rs.68000/- was paid back to my company enable to sanction Pension for me.
How to get back or adjust excess IT paid 30% on Rs.68000/- which was deducted as TDS for FY 2022-23
Sir put video for crypto tax
Sir. I didn't fill ITR in the past years because i have losses only including options loss this year also heavy losses in options suppose i try to fill this year can i include previous year option losses is it's possible? Please explain..
60 வயதுக்கு மேற்பட்ட நபர் தனது பெயரில் SCSs post officeஇல் போட்டால் , 8.2 % interest க்கு இன்கம்டாக்ஸ் உண்டு
80ccd2 sec new tax regime சேர்க்கலாமா...🙏
PF/VPF new tax regim 23 - 24 la deduct aghuma sir ?
Hi bro, I have paying house debt loan can I declare for this??
Sir request enoda sors la irunthu 2year ku 40000 rs kattiran sir
Please put detailed video for how to apply For PPF and it's limits complete dedicated video for only PPF please
Already available in our channel.. pl check
Clear my doubt ji i am eligible for HRA of monthly 2500 so totally i will get 3000/year but my bank provide lease accommodation for my rental house of 5000/month so 6000/year.So bank will not provide 30,000 of HRA in payslip, Do i am eligible for claiming HRA EXEMPTION in old tax regime?? If i am eligible how much? Kindly clarify bro.....
🙏🙏🙏🙏🙏🙏
Any thing missing
If i am right under sec 80TTD
Interest rebate 10000/
மற்றவை ok and satisfactory
Sir any tax applicable for NRI???
In the deduction (Google sheet cell number H6), Shall we directly add children education fees? or will it be included in the 80C only. Kindly clarify
80C only
Marginal relief in new tax regime unda sir
In the New tax regime we have to submit HRA bill...?
HRA exemption is not applicable for New tax regime
Tax calculated old nu video la podu, new tax related video podu erukeka..
Enna pa solra..
sir 80c and 80d pls explain clearly sir. bcz I am paid the life insurance payment Rs.12000/month. how to calculate in 80c. pls explain sir
Already videos available in our channel.. pls watch our income tax playlist
Can avail both HRA and Home Loan, limit, under which section?
Yes.. both are different sections.. Explore our channel videos, we have discussed these in detail..
Bro, section c and nps clarification venum
Already there in our channel. Explore playlists on 80C
dear sir . iam not woorking company. iam only invest in share market. i have get long team capital gain 450000+ saveing a/c interest 6000 per year. and i have 80C 45000. & 80D 19500. pl send my tax calculation . thanks
Bro calculator sheet request access kekuthu
Go to files>download as excel
@thinking thamiza, I have 2 doubt.
1. Which section gold chit can show for IT.
2. Can i show Land loan in section 80C?
No for both.
@@thinkingtamizha007 ok, Thank you
Hi, Naa IT la work pannurean, then freelance um pannurean, freelanceku naa income Tax add pananuma??
then yellam month income varathu 3 month varun then after 2 to 3 month varathu appo naa yeppai calculate pannurathu
Please tell me
Yes.. you must pay income tax for it.. doesnt matter 1 month or 3 month or 12 months..
health insurance premium section 80D.not 80c
Its mentioned as 80D only
33500 1 year oda tax ah sir
Upto 7 lakh no income tax right
What about source deductions?
Do you mean Tds?
Scss applicable for 80C deductions?
Yes
Please make a video on 80ccd 80ccd (1) 80ccd(2) 80ccd 1b
Already discussed in our nps video bro
Sheet is not working for editing
You cant edit.. you need to download..
How to download the sheet..not able to download sir
You don't have clarity on gr salary, exemption ,deductions, taxable income etc. in Stead OF RENT PAID YOU MENTIONED HOUSE RENT ALLOWACE. Taxable income arrives after considering exemption and deduction.
example 1. pl replace HRA by RENT PAID. HRA will be included in your salary.
From taxable income NOTHING CAN BE DEDUCTED. ONLY FROM GRAND SALARY THESE ARE ALLOWED.
PL PL DELETE THE VIDEO.
Watch the video carefully - its not mentioned as HRA, it is mentioned as ‘HRA exemption’. Note that you wont get exemption on entire rent paid, its on least of HRA, rent paid minus 10% of basic, 40% of basic.. thats what is shown here.
There is a difference between gross taxable income and net taxable income..
Hi sir my name is mohankumarmathi