I always come to your channel when I have to get any finance-related information. No non-sense talk, no unnecessary information. What I get is precise, accurate and useful information, without any noise.
I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts
You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Starting with investing may feel challenging, but focusing on passive income, like rental properties or REITs, can offer stable returns. Seeking advice from a financial advisor and researching high-demand rental areas can help you find investments that match your goals, ensuring future financial stability.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks..
@@johnawara9719 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
I appreciate your effort Sir, with this I chose my regime and it is helpful for me to estimate my tax deductions and to take effective decisions with my investments
TAX (If ITEM PRICE is less than 100, TAX is 50, otherwise it should be 100). 2. TOTAL PRICE BEFORE TAX =NO. OF ITEMS * ITEM PRICE. 3. TOTAL PRICE AFTER TAX = TOTAL PRICE BEFORE TAX + TAX. 4. RATE (If TOTAL PRICE AFTER TAX > 3500 then the rate is “HIGH”, otherwise it is REASONABLE. 5. Find Count of Items, Average of Taxes, Min Item PRICE and Max Item PRICE. 6. Save file as Exercise 4.
Is 80ccd(2) available under new tax regime if the employer deducts contribution from salary and deposits in a pension fund other than New pension scheme of govt say Coal mines pension fund? 🤔
Sir please create a video explaining how capital gains are taxed (In both regimes) for salaried employees assuming salary as 5L to 10L. Or if you already have a video for that then plz share the link
I think you missed to calculate Health & Education Cess on Final Calculation (Old regime). For my 35 Lakh income, there is difference of ~29000 and is equal to Cess amount. But Overall, it's good,, thank you.
Thanks for provide the correct information about the same, but Excel file is protected, so kindly confirm the password or provide the any alternative option.
I claim HRA 1.3L + interest on home loan 1.2L + 50k standard deduction + 1.5L 80c + 25k Health insurance + 50k NPS = 5.5L deductions HRA is very less still I am able to claim other deductions and still the old regime is better for me.
Sir u have not added section 10 exemptions column for old tax regime. Someone who falls in any exemption category may not be able to use this calculator without errors
Very good and informative video. After downloading the sheet to decide new regime or old one, I was quickly able to decide which one is more profitable for me. Thanks AssetYogi and Mukul Bhai for great information as always !
For HUF taxation - I will be funding my newly opened HUF account with gift money from my friend (non-member/non-relative). How much amount would be good enough to get the maximum tax benefits Or minimum tax as per latest 2024-25 tax slabs, which tax regime shall I opt and how much amount to be transferred ? Can anyone please…
मैने हाउस लोन ले रखा है जिसमे मुझे सलाना 4 लाख इंट्रेस्ट लगता है जिससे हम दोनो ( वाइफ) deductions का बेनिफिट लेते है । हमे तो old regime hi theek rhegi ?
I have downloaded the excel sheet you attached here and I entered the total amount as ₹1652512 as salary and checked for tax amount. Because as per old tax regime there is no change so it should reflect me the accurate tax but your calculation is showing tax amount ₹263254 (old tax regime) and ₹143254 as per new tax regime but my question is that as per form 16 my total tax is showing 180754 when there is no other deduction apart from standard deduction. So please tell me why your calculation is showing that difference
Please clear my doubt 🤔 Sir Under 80CCCD(2) section mei jo Employer contribution h. Vo gross Sallery mei Add hoga ki nhi... Sallery mei Add hoga ki nhi...
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We are wait for your informational videos excitedly❤
You never share the password for the excel
Pl share excel and password
Please provide the excel sheet
I always come to your channel when I have to get any finance-related information.
No non-sense talk, no unnecessary information. What I get is precise, accurate and useful information, without any noise.
I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts
You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
Starting with investing may feel challenging, but focusing on passive income, like rental properties or REITs, can offer stable returns. Seeking advice from a financial advisor and researching high-demand rental areas can help you find investments that match your goals, ensuring future financial stability.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Always On Point. You have helped start my Personal Finance Journey
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks..
@@johnawara9719 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@SamsonKempston Oh please I’d love that. Thanks!
@@johnawara9719 *MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
87a no one discussed. I checked my return on new and old. (Salar+capital gain). Old regime is good for me.
😊
You are really great and to the point. Great explanation sir!
Superb sir
Thanks 🙏
Thank you so much sir ❤
TQ Sir,
Apki video ka wait tha, Jabse Nirmala Tai ne Budget pass Kiya tab se apki video ka wait kar rha tha, abi sab clear ho gya.
I appreciate your effort Sir, with this I chose my regime and it is helpful for me to estimate my tax deductions and to take effective decisions with my investments
Thanks
Very informative video, it cleared all my doubts, Thanks a lot
Excellent anlasys for beginners.
Glad it was helpful!
Thank you, very informative video.
Very insightful video. Thanks
As usual superb explanation with unique way of organizing things. Thank you so much Sir.
Thanks. You are unmatched.
Very well explained. Thank you for the calculator.
Thanks a lot Asset Yogi for the calculator. I just switched to New Tax Regime in my company's portal as it's beneficial for me in FY 24-25.
Thanks 😊
Vow, what a a explanation sir.. very clear.. Thank You For Guiding us ❤
Thankyou very helpful video
in 80 c you can invest 1.5 in elss and additional 50k in nps so total 2 lakhs can be used in that
That's right
But the problem with NPS is lock-in period
Thank u so much for the calculator.
Thank U sir,You cleared my doubts in preparing Advance statement of 2024-2025.
Excellent video
Very informative videos and best way to explain. Thank you soo much for calculator .
Very Good Description & Idea
Videos are really simplified. plz guide to unprotect tax calculator.
Thanks
simple और उपयोगी एवं सभी द्रष्टी कोण को शामिल किया राधे राधे
I like your all videos 😊
Very good explained, Thanks 👍🏻
Glad it was helpful!
TAX (If ITEM PRICE is less than 100, TAX is 50, otherwise it should be 100).
2. TOTAL PRICE BEFORE TAX =NO. OF ITEMS * ITEM PRICE.
3. TOTAL PRICE AFTER TAX = TOTAL PRICE BEFORE TAX + TAX.
4. RATE (If TOTAL PRICE AFTER TAX > 3500 then the rate is “HIGH”, otherwise it is
REASONABLE.
5. Find Count of Items, Average of Taxes, Min Item PRICE and Max Item PRICE.
6. Save file as Exercise 4.
Thank you
Tnx sir for ur excel, which helps lots of people... great service.
Thanks a lot Sir.
It's very helpful.
Good video about income tax.. 👍
Is 80ccd(2) available under new tax regime if the employer deducts contribution from salary and deposits in a pension fund other than New pension scheme of govt say Coal mines pension fund? 🤔
Please provide a detailed video on NPS VATSALYA SCHEME
Now all the doubts have been cleared.... thank you so much sir 🙏
Glad it was helpful!
Please share the password for Excel first. @@AssetYogi
The IT website shows different tax slabs like 3-6=5℅, 6-9=10℅, 9-12=15℅ and so on
Sir please create a video explaining how capital gains are taxed (In both regimes) for salaried employees assuming salary as 5L to 10L. Or if you already have a video for that then plz share the link
Very nice explanation sir.
I think you missed to calculate Health & Education Cess on Final Calculation (Old regime). For my 35 Lakh income, there is difference of ~29000 and is equal to Cess amount. But Overall, it's good,, thank you.
Thanks man
Sir what about leave encashment and Gratuity is that exempt in new regime
Yes leave encashment on retirement and gratuity both are tax free.
Was waiting for your video sir😊
Thanks for provide the correct information about the same, but Excel file is protected, so kindly confirm the password or provide the any alternative option.
Pl discuss on 87A ..& ITR 2
What you want on 87A??
New tax regime max net income should be 7 lakhs to avail the tax rebate under this section.
Will there be any video regarding LTCG on sale of property before July 23, 2024? Some changes are declared to attract more IT, is it?
Kya new tax mai HRA exemption hota hai
Thank you sir background bht acha lag rha hai
If income is generated in last financial year but received in current financial year then the said income is taxable in which financial year?
I also have same question.
Can you please tell me about the tax slab for seniors citizen?
Hello Sir hope you are doing good.
In last row the new regime is giving tax amount as 1,77,500 and not 1,57,500.
Kindly help reviewing the data once.
I claim HRA 1.3L + interest on home loan 1.2L + 50k standard deduction + 1.5L 80c + 25k Health insurance + 50k NPS = 5.5L deductions
HRA is very less still I am able to claim other deductions and still the old regime is better for me.
Can we claim both HRA and home loan interest ?
Yes@@_abhishekmj_
@@_abhishekmj_ Yes if we live in different city or distance between both houses is 25 kms
@@nagar4u Oh, okay. Then not possible.. I m living in same house..
Brother how much HRA you received monthly
What about if NPS is not considered in New tax regime. It was not clear
Very clear
Sir u have not added section 10 exemptions column for old tax regime. Someone who falls in any exemption category may not be able to use this calculator without errors
Great information sir ji..but calculater download nhi ho rha..plz help
why you don't deduct standard deduction in new regime
You are right.
Where can I find the document?
Thank you sir😊
Where is excel calculator??
Pls share calculator or excel if you have for new tax regime
I will select old regime
Can you plz the above shown tax calculator
I always wait for your video after budget 😁
App Jo calculation charts Dale hai wo kuchh bhi nenhi dikhta hai. Please agar app us chart ko ek screenshot reply me dalenge to badi kripa hoga
Very good and informative video. After downloading the sheet to decide new regime or old one, I was quickly able to decide which one is more profitable for me.
Thanks AssetYogi and Mukul Bhai for great information as always !
Please share the calculator
Nice explanation...
For HUF taxation - I will be funding my newly opened HUF account with gift money from my friend (non-member/non-relative). How much amount would be good enough to get the maximum tax benefits Or minimum tax as per latest 2024-25 tax slabs, which tax regime shall I opt and how much amount to be transferred ? Can anyone please…
Where will I get this excel file
Depreciation of New Vehicle as an Moveable assets is not mentioned in deductions. There is 20% depreciation in indian market for the very first year
मैने हाउस लोन ले रखा है जिसमे मुझे सलाना 4 लाख इंट्रेस्ट लगता है जिससे हम दोनो ( वाइफ) deductions का बेनिफिट लेते है ।
हमे तो old regime hi theek rhegi ?
Yes. Agar 80C k 1.5L bhi ho rahe ho to its better.
Residual Pay Choice ?
Does Indexation in Ltcg mutual fund still available??
ITR form not showing deduction option, all are grey when total income less than 3 laks.
I have downloaded the excel sheet you attached here and I entered the total amount as ₹1652512 as salary and checked for tax amount. Because as per old tax regime there is no change so it should reflect me the accurate tax but your calculation is showing tax amount ₹263254 (old tax regime) and ₹143254 as per new tax regime but my question is that as per form 16 my total tax is showing 180754 when there is no other deduction apart from standard deduction.
So please tell me why your calculation is showing that difference
Check your ITR, there would be deduction of home loan interest (2lakhs), 80C investment, medical insurance premium, 80CCD(1B)investment.
Bhai stcg ka tax smjhao when no other income.
Extra deduction claim karna means?
Try to make video on financial planning while planning for kids for couples
Sir ltcg stcg ki income add kare to old hi better hoga na?
Thank you Sir
Hi Sir, if I only have income from Equity and no any other source of income
Will it come under normal tax slab or still it will cover under LTG/STG
Sir old bacha hi nahi he , ye C ne new regim hi default kar diya.
Can you please confirmhow much interest from bank deposits are exempt from income tax under the new scheme?
how is the amount of tax being calculated?
bOLNE SE PAHILE HI LIKE AAPKE LIYE YOGI JI
NICE EXPLANATION❤
Why only once for Business owners and freelancers?
What if they realise something negative after using any of the two schemes?
Where to invest to save tax in new tax regime? Is post office schemes like PPF still useful in new tax regime?
no benefit in OTR.
thanks for providing valuable video, your shirt is looking to much better
Please clear my doubt 🤔
Sir Under 80CCCD(2) section mei jo Employer contribution h. Vo gross Sallery mei Add hoga ki nhi... Sallery mei Add hoga ki nhi...
Add hota h fir deduction claim hota h
What is the password to unprotect the sheet
Can we switch to old regime now, looking to file income tax return , after last date of filing.
Can't download tax calculator.. please check the link .
Tax calculator is not available via link shared in the description of the video
We have checked the link. It is working.