Hi RJ bhai, can u pls clarify if I am already enrolled in the old tax regime, will it be changed to the new tax regime automatically in upcoming financial year?
The most genuine group of financial advisors out here. They don't advertise products for the sake of sponsorship and money. Always thinks about the end users and builds content genuinely helpful for us. Kudos to the entire team of LLA ❤
The idea of playing short background voice clips while change in the context, showing subtitles or switching to documents is amazing👌. This increases the viewer's interest and attention towards the video.✌
LLA is definitely spreading Financial Literacy on a larger scale than others ! Hands down ! Being into the Finance Realm, I can vouch for these folks...they make the best videos...atleast in such a manner that even a non Finance background person can also understand! #good_work
Could you please throw some light on tax on capital gains from investments in US stocks? It would be really helpful. Otherwise, loved the comprehensive breakdown. Cheers to LLA team! Proud subscriber 🙌
Thanks for your Video. i am grateful that we have creators like you who are educating us for personal finance. Just a question, How and When can we apply for New Tax Regime as it seems that my company's portal isn't allowing me to apply for the same as it shows locked.
There is one point where the inspector will not be checking criterias where the factories have completed their complainces, but it's better if it's physically checked by inspector rather than just verifying by portal
Right now inspector is only checking it, but inspector is just going to collect money from firms, govt knows this thing and to reduce corruption only this step taken 🙏
Inspector will be checking randomly like in foreign countries and maybe recorded all things. So no one know anyone who is coming and favours won’t happen
The old tax regime deduction limit was set to *1.5L in 2014.* When adjusting for *inflation in India* that amount nearly becomes *3.92 Lakhs in 2023!* I was really disappointed seeing the government ignoring the beating of high inflation and high interest rates on middle class citizens whose salaries have increased, but still aren't able to save enough money to secure their future, because even the essential items' costs are sky high. - The old regime 80c deduction should have increased to 3-4L at least. - PPF deposited limit and interest rate should have been increased (FD rates are higher than PPF now!) - Home loan interest and principal exemption should have been increased. Or at least some of them, but the government has lost its sympathy towards common people.
The govt's target is to make everyone to shift to New Tax Regime. Govt will abolish Old Tax Regime in its next tenure. So, it will not take any step to make the Old Tax Regime attractive !
Sir we want a series of financial literacy from both of you, as it will really help people. You can teach complex things easily, please consider my opinion. ❣️
LLA you are amazing and couldn't resist myself to watch your videos even if it is not relevant to me. Appreciate your hard work. One request please start videos on housing society laws, capital gains law.
Waiting for this valuable episode from yesterday. Actually our government is like private company and playing with tax payer without changing old tax regime and showing tax benefit as advertisment but actually it's no use.
Bought the course for ₹700 last yr....i can vouch for the course ..it's a great course that everyone should know....Anup Sir has really dumbed it down for layman's.
Thanks allot for clarification on the changes. Just started my IT carrier 6months ago and was in a dilemma what to do and which regime to choose, I guess itll be new regime for me as it is the first time.
HELLO Rishab sir. I saw the course about tax planning. Although it costs only a genuine price. But as an Engineering student I also want to learn about the tax planning which would definitely help me in my future. So in a nutshell it would be a great appreciable act if the course would have a further student discount ; that would eventually make us learn pre-handed and student affordable course. Thanks.😄
The main problem with this course, its valid for only 365 days. Better to check in udemy, it will be less in price and valid for lifetime,people keep on upgrading their courses as per new rules from govt 🙏
I formative videos toh sir aap banate he the aur ab bhi banate ho, toh uski baat toh mast hai he. I love the recent shorts content and the editing of the long form videos! Sacchi fantastic work!
Sir this is a very informative video, but just want to ask that has the standard deduction been increased from 50k to 52,500 for salaried employees and pensioners right?
The government will get rid of the old tax regime completely in coming years and probably increase the slabs a bit more , what does LLA have to say about this?
sir aap ca student's ka scope khatam mat karo plzzz ca aasaann nahi hota . fir kya ham job leave karde tax samajh na har kise ke bass ki nahi hote and aagar log time me aayenge to tax planning bhi karke denge aap pllzzz ca ka jo goodwill hai ya jo ca ka scope hai vo maat giraaooo
No, read the computation of income under new tax regime given in Finance bill, 2023, standard deduction of Rs 50000 is given to every salaried employee
@@satvindersingh1739 I went through both documents Budget Speech and Finance Bill. Budget Speech - "My third proposal is for the salaried class and the pensioners including family pensioners, for whom I propose to extend the benefit of standard deduction to the new tax regime. Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by 52,500." Finance Bill - Couldn't find anything concrete if you can share the Amendment no or line and page no it would be really helpful 🙏🏽
@@shadowdroid5465 check on page 51 and page 175 Secondly don't go by this speech, in these words she want to say that suppose if some salaried person has income of Rs 15.5 lakh then in new tax regime previously tax was 202500 now it is 150000 (you can calculate using old and new slab rates) so that person will benefit by Rs 52500, there is no standard deduction of Rs 52500 for any one
@@satvindersingh1739 Thanks for page numbers but in page no 175 I couldn't find the exact text or anything related or i am missing it. Sorry for the trouble but I found a twisted text on Page No.51 of document which translates to Page No.59 in pdf viewer
This year i will start earning as a salaried employee, as you said i think i should opt for old regime, MAY YOU PLEASE EXPLAIN HOW TO SELECT OLD TAX REGIME.
Great video. straight to the point. I just started earning so not aware of this. Can anyone tell me if these changes like the tax rebate till 7 lpa are applicable for financial year 2022-2023 or 2023-2024?
Hi RJ, please start short term certified courses basic to advance for people who don't know the basic of finances and Tax things & how to start basic investment. We assume that we all know that but there are many things we miss.. Thanks
I did a comparative analysis of new vs old for small business owners. Old is only beneficial if you take full deduction benefit of ppf, mediclaim, savings interest and home loan interest. Incase you don't have home loan interest, which a lot of people don't always have, new regiment beats the old regiment. Not everyone takes full savings interest benefit either since savings interest rates are poor compared to other available options. If you only take ppf, mediclaim, new scheme is better upto 15L.
The problem is not just paying more taxes but not getting anything in return is the main problem, if i had good govt schools and hospitals for my kids/family wouldn't mind paying taxes.
Partially agree 🙏,there are good govt schools and hospitals but we people think its bad, we are mainly seeing where are our relatives kids are going, where are our neighbours kids are going and at the end we are sending to our kids to those fancy schools 🙏, govt doctors are best as they are seeing more patients and have more experience but due to long queue, we will avoid it 🙏.
If post deduction and exemption you can bring taxable income upto 10 Lakh then go for old regime. Usually in first week of April you can use tax calculator on income tax portal or cleartax. Then decide
![Lp. Последняя Реальность #107 РОДНОЙ ДОМ [Финал] • Майнкрафт](http://i.ytimg.com/vi/IK3QKzKUlHM/mqdefault.jpg)
Hax to Save Tax Course 👇
www.taxplanningforsalariedemployees.com/
Use Code "JAGRUKRJ" for a special discount!
Dear do you know any best investment option for Child education.
Hi RJ bhai, can u pls clarify if I am already enrolled in the old tax regime, will it be changed to the new tax regime automatically in upcoming financial year?
Pls tell me shop chalta hu but muje doubt hai ye course salary balo ka hai to hamare liye hi hai koi course ? Pls 🙏
New regime vs new regime 2023, please
Joneral ka link.
The most genuine group of financial advisors out here. They don't advertise products for the sake of sponsorship and money. Always thinks about the end users and builds content genuinely helpful for us. Kudos to the entire team of LLA ❤
I, being a FIN Student, have went through so many videos in YT to understand TAX REGIMES, but hands down to this man! what an explanation! Thanks Sir!
You guys are setting a production standard, excellent video in every aspect. Keep pushing the limit 🙌
You guys are really creating impact on the lives of people by spreading legal awareness. Thank you so much for that !
Mainu v de
The idea of playing short background voice clips while change in the context, showing subtitles or switching to documents is amazing👌. This increases the viewer's interest and attention towards the video.✌
Bilkul seedhi baat. Thank you for simplifying the budget.
Can you please make video dedicated for short term stock market traders for saving tax.
Bhai Subscribed hai, arguably we are getting value. Aur kya hi chahiye Aap log se. Thank you for everything you do.❤️🤗
Sir, I was waiting for your video related to this topic .❤❤
Than you for the knowledge Sir🙏
Thank you so much for simplifying the "rocket science" Delivered by FM yesterday. Unke bharose rahe toh kuch bhala nai hoga.. ❤❤
Thanks for making this video, you guys are gems
It's so much informative i had doubts about the tax regime. Now it's clear, i opted for that course as you mentioned. Subscribed
This is what a content creator should do..educating the whole society..
👌👌
LLA is definitely spreading Financial Literacy on a larger scale than others ! Hands down ! Being into the Finance Realm, I can vouch for these folks...they make the best videos...atleast in such a manner that even a non Finance background person can also understand!
#good_work
My financial knowledge has increased a lot because of your videos. Thank you LLA team 🙂🙂
Thanks for the details in short video. You guys are awesome ❤️
Deep analysis only found from you sir🙏
Great Explanation LLB, throughly reading & listening the whole budget takes a lot of effort, really appreciate it.
Thanks👍
This is the most comprehensive and easiest video on Budget 2023! Thanks 🙏
The best video about Budget on UA-cam. Explained so neatly. Keep up the good work 👍🏼
Thanks for making this complex thing simple and to the point ... ❤️
Could you please throw some light on tax on capital gains from investments in US stocks? It would be really helpful. Otherwise, loved the comprehensive breakdown. Cheers to LLA team! Proud subscriber 🙌
Intro music is 👌
*Produced by A R Rahman*
Music name please
Sach m mast hai ❤
Base is awesome 😌
Kindly share the name of the music if someone knows.
Thanks for your Video. i am grateful that we have creators like you who are educating us for personal finance.
Just a question, How and When can we apply for New Tax Regime as it seems that my company's portal isn't allowing me to apply for the same as it shows locked.
Thank you for such valuable information 🙂
Rebate wali baat sirf aapne hi acche se samjhai hai! Bohat dhanyawad!
Issi video ka toh inyezaar tha... Thank you.. For your Efforts. 👍
This is the reason you guys are most watched finance channel. Seedhi baat no faaltu ka gyaan
Much needed video on budget!!
Tnx to U sir jiske wajah se itna Gyan Mil Rahahe. And tnx to jio jisne Internet Saro or felaya wo v affordable price pe.
Thanks for the video, everyone is just saying old and new however no one explained properly.
Tnku soo much for ur explanation .. ap jaise logo ki hum jaise logo ko bhut jrurt h🙏🏼
Awesome tutorial for entrepreneurs and salaried person.
There is one point where the inspector will not be checking criterias where the factories have completed their complainces, but it's better if it's physically checked by inspector rather than just verifying by portal
Right now inspector is only checking it, but inspector is just going to collect money from firms, govt knows this thing and to reduce corruption only this step taken 🙏
Inspector will be checking randomly like in foreign countries and maybe recorded all things. So no one know anyone who is coming and favours won’t happen
@@pankajrana8006 if inspector is corrupt he can do whatever he can.
You dont know real world inspector
Inspector raj only leads to bribe
Thank you so much sir. An jaake ek appropriate and well explained video mila budget ko lekar. Tax slab wala question was bothering me very much
I was waiting for your video since budget was announced. THANK YOU!
The old tax regime deduction limit was set to *1.5L in 2014.* When adjusting for *inflation in India* that amount nearly becomes *3.92 Lakhs in 2023!*
I was really disappointed seeing the government ignoring the beating of high inflation and high interest rates on middle class citizens whose salaries have increased, but still aren't able to save enough money to secure their future, because even the essential items' costs are sky high.
- The old regime 80c deduction should have increased to 3-4L at least.
- PPF deposited limit and interest rate should have been increased (FD rates are higher than PPF now!)
- Home loan interest and principal exemption should have been increased.
Or at least some of them, but the government has lost its sympathy towards common people.
This will happen next year before election
It should at least linked to inflation like DA
The govt's target is to make everyone to shift to New Tax Regime. Govt will abolish Old Tax Regime in its next tenure. So, it will not take any step to make the Old Tax Regime attractive !
Sir we want a series of financial literacy from both of you, as it will really help people. You can teach complex things easily, please consider my opinion. ❣️
Very simplified and consolidated information, 👌❤️
Another wonderful learning, thanks a lot sir!!!!
Correction : At 6:33 .. Presumptive income for businesses was earlier 8% and not 6%.. 6% was when your 95% of the transactions are through bank
LLA you are amazing and couldn't resist myself to watch your videos even if it is not relevant to me. Appreciate your hard work.
One request please start videos on housing society laws, capital gains law.
Jiska muze tha intzar wo ghadi aagayii isi video ka intzar tha kab se #ThankyouLLA
I was waiting for this detailed video.
Waiting for this valuable episode from yesterday. Actually our government is like private company and playing with tax payer without changing old tax regime and showing tax benefit as advertisment but actually it's no use.
finally the video i was waiting for.
Wonderfully explained in simple and to-the-point language
Best to the point .
No faaltu baat
Great work team
Appreciate your efforts made us understood in a very simple format
Bought the course for ₹700 last yr....i can vouch for the course ..it's a great course that everyone should know....Anup Sir has really dumbed it down for layman's.
Course details please.
its showing 990 now
does it include things like how to file ITR , how to get rebate
Mast ..Bahut hi achhe se samjhaya thank you sir.
-💗From Karnataka
Thanks allot for clarification on the changes. Just started my IT carrier 6months ago and was in a dilemma what to do and which regime to choose, I guess itll be new regime for me as it is the first time.
Thanks for the information 🙏
Team LLA
HELLO Rishab sir.
I saw the course about tax planning. Although it costs only a genuine price. But as an Engineering student I also want to learn about the tax planning which would definitely help me in my future. So in a nutshell it would be a great appreciable act if the course would have a further student discount ; that would eventually make us learn pre-handed and student affordable course.
Thanks.😄
The main problem with this course, its valid for only 365 days. Better to check in udemy, it will be less in price and valid for lifetime,people keep on upgrading their courses as per new rules from govt 🙏
by this logic, everyone will be student to avail that extra discount
@@KC_001 Can you please mention the course names.
Bhai 1000 rupay se zyada ki to daaru/party kar lete hoge 💀
Excellent content with no bakwaas....!!
love you bro.....kya easy way mei samjhaya hain
Waited the whole day for this one ..
Waooo bro such an amazing video completely understood the new budget 2023.
I formative videos toh sir aap banate he the aur ab bhi banate ho, toh uski baat toh mast hai he. I love the recent shorts content and the editing of the long form videos! Sacchi fantastic work!
Sir this is a very informative video, but just want to ask that has the standard deduction been increased from 50k to 52,500 for salaried employees and pensioners right?
Great analysis of budget 👍
As always, explained in simple & interesting manner.
Analysis of both LLA And world affairs are awesome 👍
As a government employee I was eagerly waiting for this video .. Thnx Buddy 🤗👍
The government will get rid of the old tax regime completely in coming years and probably increase the slabs a bit more , what does LLA have to say about this?
They will not going to do anything in old one and will giv benifit in new one so slowly people will shift to new one.
Bhai... Love your work. Informative
People like you are revolutionary.
The Best Financial Channel to explain anything easy 🔥🔥✌️✌️
Thank you for this video, very informative 👌
Thanks for your explanation.
Awesome.
This Is Called Quality Content 💯🔥🔥
sir aap ca student's ka scope khatam mat karo plzzz ca aasaann nahi hota . fir kya ham job leave karde tax samajh na har kise ke bass ki nahi hote and aagar log time me aayenge to tax planning bhi karke denge aap pllzzz ca ka jo goodwill hai ya jo ca ka scope hai vo maat giraaooo
Thankyou soo much buhut zruri tha ye
Such a great information. Hatsoff 💯🔥🔥
One of the best finance channel in India #LLA_is_love 💞
Very Nice Content and Information
I think the standard deduction of 52000 in new regime is when you make 15 lakhs + thats something which was unclear. Thank you it was a good video.
Switching between tax regimes is restricted to a lifetime choice ONLY for those with a business income. Salaried employees can switch every year.
I think Standard Deduction in new tax regime is applicable only if taxable income is more than 15 lakhs.
No, read the computation of income under new tax regime given in Finance bill, 2023, standard deduction of Rs 50000 is given to every salaried employee
Yeah lot of websites also said the same thing. Very confusing
@@satvindersingh1739 I went through both documents Budget Speech and Finance Bill.
Budget Speech - "My third proposal is for the salaried class and the pensioners including family pensioners, for whom I propose to extend the benefit of standard deduction to the new tax regime. Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by 52,500."
Finance Bill - Couldn't find anything concrete if you can share the Amendment no or line and page no it would be really helpful 🙏🏽
@@shadowdroid5465 check on page 51 and page 175
Secondly don't go by this speech, in these words she want to say that suppose if some salaried person has income of Rs 15.5 lakh then in new tax regime previously tax was 202500 now it is 150000 (you can calculate using old and new slab rates) so that person will benefit by Rs 52500, there is no standard deduction of Rs 52500 for any one
@@satvindersingh1739 Thanks for page numbers but in page no 175 I couldn't find the exact text or anything related or i am missing it. Sorry for the trouble but I found a twisted text on Page No.51 of document which translates to Page No.59 in pdf viewer
Very informative video 😊
Dekhi bhi hain daali diye comment
abhi to premiere ho rha hai,kaise pata informative ke baare me,
@@sakshamagarwal8578 yes sir dekh hi rha hoon.. title se kuch to idea hoga
I am speechless for your speech wow 🙏🇮🇳🌳 thanks
This year i will start earning as a salaried employee, as you said i think i should opt for old regime, MAY YOU PLEASE EXPLAIN HOW TO SELECT OLD TAX REGIME.
Great video. straight to the point. I just started earning so not aware of this. Can anyone tell me if these changes like the tax rebate till 7 lpa are applicable for financial year 2022-2023 or 2023-2024?
For 2023-2024
Regarding leave encashment, is the rebate only on encashment after "retirement" or also after changing job?
I also have this same question 🤔
Hi RJ, please start short term certified courses basic to advance for people who don't know the basic of finances and Tax things & how to start basic investment.
We assume that we all know that but there are many things we miss..
Thanks
I did a comparative analysis of new vs old for small business owners. Old is only beneficial if you take full deduction benefit of ppf, mediclaim, savings interest and home loan interest. Incase you don't have home loan interest, which a lot of people don't always have, new regiment beats the old regiment.
Not everyone takes full savings interest benefit either since savings interest rates are poor compared to other available options. If you only take ppf, mediclaim, new scheme is better upto 15L.
Hi LLA, PPF limit is changed or not? I heard that it was proposed to be increased to 2.5Lacs ?
No
This New Tax Rule Applicable To Current Financial Year Means 1 April 22 to 31 March 23 For File ITR Return?
No, it will be applicable from 1st April 2023 till 31st March 2024 🙏
Best video for internet good luck brother
Thanks for the great information.
The problem is not just paying more taxes but not getting anything in return is the main problem, if i had good govt schools and hospitals for my kids/family wouldn't mind paying taxes.
Partially agree 🙏,there are good govt schools and hospitals but we people think its bad, we are mainly seeing where are our relatives kids are going, where are our neighbours kids are going and at the end we are sending to our kids to those fancy schools 🙏, govt doctors are best as they are seeing more patients and have more experience but due to long queue, we will avoid it 🙏.
You must pay tax in pakistan bruh to help ummah
Mera 15 lakh income hai . Mujhe kya use karna chaiye old ya new? Mai retainership me hu.
old
@@ashishkumarchoudhary_0089 Thanks for your valuable reply 👍
Old regime
If post deduction and exemption you can bring taxable income upto 10 Lakh then go for old regime. Usually in first week of April you can use tax calculator on income tax portal or cleartax. Then decide
@@shadowdroid5465 Thanks
Very informative Video and well put Together.. thanks.
Thanks LLA very informative video
From UA-cam shorts I am here 🤣🤣🤣
Mae bhi aya hu lekin tumhara comment like nehi karuga 😁😁😁
Same mai bhi nhi krunga
@@himangshudeka1738 why bro 😢
@@futureofficer6815 why 😢
@@shankughosh841 kyun ki tumne Obama ka address nhi pta esliye
Highly informative. Kudos to your efforts.👌
Liked the video in less than 5 Seconds, and realised it was worth it like always
Bahut hi achi jankari milti hsi is channel me
Was eagerly waiting for LLA's video on this.
Thank u for making such an informative video