In your earlier videos, this channel said that standard deduction of 50000 is applicable in new tax regime. But, now they are saying the different story. Why standard deduction is not mentioned in this video???
Sir, Income considered is after deductions allowed in New Tax Regime. That's why specifically written as Total Taxable Income. I hope you are able to clear up your confusion. Thank you.
That means,whatever extra amount one earn above 7L till the slabs u mentioned in video..one has to pay it to govt.. so where is the benifit for individual here.. So whatever we earn 10 20k abv 7L..we hav to pay full amount to govt in form of taxes.. isn't it
@@prathmeshsingh3912what's upper class according up you. Are they salaried person. Hell no. They are buisnessman which generally reduce their taxable income a lot by different showing different expenses (a big part of which is made up) to get huge deductions.
Sir, Marginal relief is applicable till taxable income (after deductions allowed in the new tax regime) of 7.27 lakh only. If your income exceeds Rs.7.27 lakhs you will not get any marginal relief. Thank you.
Sir, Income considered is after deductions allowed in New Tax Regime. That's why specifically written as Total Taxable Income. The standard deduction is applicable only to salaried people. I hope you are able to clear up your confusion. Thank you.
Debt funds me tax lga diya, inflation is on roof top, interest rates are highest in decade. But still Marginal Relief Benefit in New Tax Regime me video upload ho rha.
pl.give us its up-to-date.
Sir kindly mentioned section of this marginal relief
Thanx
Thanx Sir❤
What will be tax of 7,50,000 income
Useful information and very well explained
Will you please provide any notification govt of India regarding the same
Thanks for sharing this information
As if tax payers of old regimen don't face inflation
Explained illustratively👌👌👌👌👌👌👌
In your earlier videos, this channel said that standard deduction of 50000 is applicable in new tax regime. But, now they are saying the different story. Why standard deduction is not mentioned in this video???
The income here presented is after standard deduction. Standard deduction applicable only for salaried person
Sir,
Income considered is after deductions allowed in New Tax Regime. That's why specifically written as Total Taxable Income. I hope you are able to clear up your confusion. Thank you.
Marginal relief benefit , standard deduction ( 50000) ko minus krne ke bad claim kr sakte hai kya ???
yes
Samajh nahi aaya
very good info...clear
Is standard deduction of 50k available for all in new regime ?
Sir,
A standard deduction of 50K is allowed only for Salaried persons opting for New Tax Regime.
Is the professional tax of 2400 per year not included along with standard deduction ? Or is it only for income 15.5 lakhs above. Please confirm
What is the excel formula for merginal relief
Supebbbb
Mtlb 7lakh se upar jitna income utna govt ko dena h kya🤔
Desh ke liye thoda zyada tax bhi nhi de sakte kya 😂
Why always middle class taxpayers hi desh ko dee... Rich n poor bhi rehte hai na Bharat mein ..
Please let me know whether we need to deduct education cess on tax payable amount of marginal relief
Total taxable income few more than 7L excluding or including Ltcg 112A income ? Pls tell me sir.
Sir I watch your video for marginal tax relief but where it is written in finance bill
Govt is eying only on our income and adding taxes as wholesale. Govt does not see inflation.
Very good video. Made it absolutely clear.
amendmed ka section koun sa hai.?
Hello,
You can find it in the amendments list presented with the finance bill 2023. The amendment will be in section 87A.
Is margin relief applicable for lottery winning amount?
That means,whatever extra amount one earn above 7L till the slabs u mentioned in video..one has to pay it to govt.. so where is the benifit for individual here..
So whatever we earn 10 20k abv 7L..we hav to pay full amount to govt in form of taxes.. isn't it
If someone is earning 700500 he needs to pay only 500 as tax. Earlier he was supposed to pay 26000₹
Earlier was supposed to pay 25500
Sb jagah se middle class se paise le k unko chillar de rhi h govt
Kyun tumko aisa lagta hai? Upper class se sarkar paisa nahi le rahi kya. Upper class ka tax + cess bahut jada hai: Nearly 42%.
@@prathmeshsingh3912what's upper class according up you. Are they salaried person. Hell no. They are buisnessman which generally reduce their taxable income a lot by different showing different expenses (a big part of which is made up) to get huge deductions.
He deserves more love... and Indian football need more value
Is it applicable for 7 lakh only? If my income is 10 lakh is it applicable then?
Sir,
Marginal relief is applicable till taxable income (after deductions allowed in the new tax regime) of 7.27 lakh only.
If your income exceeds Rs.7.27 lakhs you will not get any marginal relief.
Thank you.
@@InvestYadnya ok, sir, thanks a lot for your support and help 😊😊😊
What is the exact limit for marginal relief is it 727000 or 727777 ( As you mentioned in d video)
@@InvestYadnya sir iska koyi official order hai
In summary, you can pay minimum of due tax and amount above 7 lakhs 🎉
Do practice more
Middle Class ke liye kya hai
Chand
Wrong presentation, where is standard deduction? Not acceptable from Yadnya👎
Sir,
Income considered is after deductions allowed in New Tax Regime. That's why specifically written as Total Taxable Income.
The standard deduction is applicable only to salaried people. I hope you are able to clear up your confusion. Thank you.
Debt funds me tax lga diya, inflation is on roof top, interest rates are highest in decade. But still Marginal Relief Benefit in New Tax Regime me video upload ho rha.
what crap
Kuch Nahi Government Ne Kaat Liya Ache Se Common Man Ka And They Deserve It. Baaki UA-camr Ko Kharid Lo Guu Ko Bhi Sona Bata Denge....