Best video.... Most of the salaried employees can benefit from this. Myself belonging to technical background has no understanding of accounts. This video made everything so clear that I'm confident I can claim the right amount I've already paid and save tax. Thank you Asset Yogi!
Thank you sir for video. राज्य कर्मी को सेवा काल मे उपार्जित अवकाश के बदले नकद भुगतान लेने पर इस राशि का टेक्स लगता है या टेक्स पर छूट मिलेगी। कृपया सुझाव दे।
really, sir most of us have no idea on anything, among this, u r explanation is soo good that even from an pure technical background person like me also learning this valuable unavailable financial wisdom, Thanks for ur work.
Please also tell us income tax calculation taking consideration of capital gain from sale of Plot and sale of house property, donation received ,and let us know the calculation of income tax .donation received from whom is exempted 100% please explain.
इसमें standatd deduction ₹40000 नहीं घटाया और handicapped के लिए TA ₹38400 भी नहीं घटाया Tax calculation में in बिंदुओं पर भी विचार होना चाहिए था बहुत ही अच्छी सूचना प्रद विडियो. 👍
Meaningful, useful , to the point, very well explained. I wish this video would have released few years back. I would have saved my lot of tax. Great Job !!!
Very good Rahul could make it zero income tax without investment. I shall request that similar way how a pensioner of age 75 years old can get rid from income tax who's yearly income is eight lacs. Thanks with warm Regards.
In case of residential joint property between husband and wife (1) does it mean that each holder can purchase 2 individual residential properties, i.e in total 4 residential properties ;. (2) does capital gain of less than 2 crore apply on per assessee basis.. i.e., less than 2 crore for 1st holder of the property and less than 2 crore for 2nd holder of the property OR the correct interpretation is that the capital gain of less than 2 crore is nothing to do with joint holders it means on the property itself. Pls clarify SIR for everyone's benefit 🙏
Bahut badiya tarikese explains kiya he sir ji.. Mera ek que he mera policy nhi tha but mene 45000 ka oxygen machine liya tha and bki bhi expense hue he medical ke. Age 59 he papa ka. Kya me deduction le skta hu under 80ddb
1.Can I claim Stamp duty charges for residential land purchase? 2. Last year I didn't not claim insurance premium and Stamp duty charges. Now can I claim that along with current years expenses like insurance premium of last and this year. U have not consider payment 10k for medical expenses and 10k interest received from saving account.
Hi, Pls clear point 5. If rent received is 1.8LPA and internet payable is 4LPA than what would be the net income considered. . I think no limit was abolished last year and max cap is 2L for interest part of HL on rented property
From FY 2017-18, the 'loss from house property' was restricted to Rs 2 lakh per annum for rented houses and 'deemed to be let-out' houses. Is it correct??
Sir 50k standard deduction And normal 120k for my rent So remained amount is only 30k under 80c Am I right? And in above case in normal way only I will not be under taxable income till 7 lakh?
Thanks sir for this helpful information Plz make a video on how to fill itr .no one have made any video on this topic .can u do this dare sir .we will be highly obliged 🙏
sir tuition fees के बारे में आपने जो टैक्स saving बताई हैं उसमे यदि कोई employee अपने बच्चों की tuition fees के बिल से अपनी company से wapas refund कर लेता है तो उस condition m वो टैक्स saving m के लिए tuition fees को itr भरते समय show करके टैक्स में छुट ले सकता है क्या
I like your video because it gives lots of in knowledge which is useful in daily life. Sir, I suggest you to make one video explaining income tax payable on certain profit incase you have proprietorship firm and corporate tax including dividend distribution tax in case the same business is converted as Private Limited firm considering prevailing rate of taxes with 5 to 50 crore of turn over. This will be useful to those who are running large size of business under proprietorship and wanted to shift to Pvt Ltd firm. Thanks.
15:39 Sir, please, dependent parents ki detailed definition par ek video bana sakte hain kya please. Doubt is as follows: Parents ko govt employee par dependent hone ke liye parents income "₹9,000+DA" se kam honi chahiye. Toh, ye ₹9000+DA mother aur father ki individual income hai ya combined income (Matlab 9000 mother ke aur 9000 father ke ya dono ke milakar bas 9000)? Aur suppose koi father farmer hai to wo income mein count hogi? Aur agar hogi toh uspe DA wali condition bhi lagegi?
.maine Apollo munich optima restore health insurance apni family (husband+wife+2 childrens)ke liye liya hai jiska premium 18299 hai.mere papa senior citizen hain & tax payer hain . Agar mai maa/Papa ka 50000 premium ka health insurance karwata hu to kya Sec 80 D me 50,000 ke health insurance premium ka tax benefit sirf senior citizen (mere papa)ko milega Ya mai bhi tax benefit ka labh le sakta hu.......plz advise
Thank you please. Request clarify if the cost of immovable plot is directly deducted from the cost plot sold after 7 yrs, the tax payable is 10 or 20 %. Early mail reply appreciated
Very clearly explained..thank you sir :) Also please clarify how do we produce documents to say we pay rent to parents , only bank transactions are enough ?
1) father के नाम Helath Insurance है लेकिन उस Helath Insurance का primium (Installment) लडका भरता है तो Helath Insurance का Deduction कौन ले सकता है? 2) Nil Tax Return 31 जुलै के बाद file करने पर late fees लगती है क्या?
1. The one who has paid the health premium can take such amount of premium as deduction u/s 80D 2. No late fee will be charged if the tax payable is zero. Refer section 234F of Income Tax Act for this purpose.
Sir sec 80e me last yr koi claim ni Liya to es yr me dono yrs ka ek sath claim kr skta hu ya sirf es sal Jo interest pay Kiya h uska hi claim Karna hoga ? Thanks!!
Deduction is claimed from Expenses. House Rent, Medical, Education etc all are Expenses. Also Travel expenses save our taxes too. many things are there. Depend on knowledge of your CA and your personal awareness.
Humne yadi mutual fund me lumpsum 300000 invest kiya kisi 1 fund me aur 1 saal pura hone k bad 3000 per month ka swp chalu kar diya to uspe koi v tax lagega ya nhi pls batayen.
hey mukul, please tell me if this rent paying to our own parents is still applicable in 2022. & if yes then how do we have to ask rebate for it or say inform the HR in advance
If property is in under construction and I have taken a home loan against that property and i am paying the EMI and staying in a rented flat so can i get the tax benefit of both sec 24 & sec 10(13A)?
Can a government employees claim house rent paid deduction in itr if he has been given government accomodation but every month some amount has been deducted from salary for house rent. Also can electricity and water bill be added in house rent for the purpose of itr deduction as they are also deducted from salary.
What if one lives in a company accommodation for just Rs. 120 per month as lease license fees and also gets some hra monthly, can he/she then claim the deduction of house rent allowance in ITR???
Pls make a video on tax saving instruments for defense service personnel's also. It will be a great help to them. It should cover how to set their financial goals. How to achieve them. How to invest smartly to save maximum tax on salary. Regards
Because Government want to give benefit to Middle and Lower Middle Class only. 1.5 lakh means around 15-20 lakh Income people covered under it. Above that is higher income groups.
Very nice Video always there is something to learn or something to be noted for future reference in your video. However, I feel there is 2 thing to be noted in above calculation 1. EPF is investment and employer is liable for max 1800/- P.M. 2. Tution Fees Deduction is not avaiable in 80C only school fees are available.
Join All-In-One Video Finance App here: vidfin.com/
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Mukul sir apka Kam bahot accha hai Paisa kamana nahi balki Paisa bachana badi baat hai.....
1. HRA (House Rent Allowance) or Rent Paid
2. EPF (Employee Provident Fund)
3. Tution Fees
4. Stamp duty & Registration
5. Home Loan (Principal & Interest)
6. Education Loan (Interest)
7. Donation
8. Medical Treatment (Self & Dependent)
sir apko mai salon se follow kr rha hu ... apki help se mai apne paise bahut achhe se manage krke lyf me achha kr rha hu ... thanks 🙏
Great 👍
Best video.... Most of the salaried employees can benefit from this. Myself belonging to technical background has no understanding of accounts. This video made everything so clear that I'm confident I can claim the right amount I've already paid and save tax. Thank you Asset Yogi!
Glad to hear that 😊
Thank you sir for video.
राज्य कर्मी को सेवा काल मे उपार्जित अवकाश के बदले नकद भुगतान लेने पर इस राशि का टेक्स लगता है या टेक्स पर छूट मिलेगी। कृपया सुझाव दे।
really, sir most of us have no idea on anything, among this, u r explanation is soo good that even from an pure technical background person like me also learning this valuable unavailable financial wisdom, Thanks for ur work.
Thank you for appreciating Ramana
Salary for purposes of HRA exemption is basic and DA if DA forms part in calculation of retirement benefits
For Govt. Salaried Person (HRA Components)...
Only Basic to be consider or (Basic+DA)...
Please also tell us income tax calculation taking consideration of capital gain from sale of Plot and sale of house property, donation received ,and let us know the calculation of income tax .donation received from whom is exempted 100% please explain.
इसमें standatd deduction ₹40000 नहीं घटाया और handicapped के लिए TA ₹38400 भी नहीं घटाया
Tax calculation में in बिंदुओं पर भी विचार होना चाहिए था
बहुत ही अच्छी सूचना प्रद विडियो. 👍
Traveling allowance ke badle slandered deduction laya hai
@@yogeshkadam6085 इस fy के लिए standard deductible ₹50000 है
Traveling Allowance ₹38400 handicapped employees के लिए होता है.
Sir thank you for the valuable information. May I know which graphic tablet your using? As I need it to teach Maths. Can you send the link of purchase
Meaningful, useful , to the point, very well explained. I wish this video would have released few years back. I would have saved my lot of tax. Great Job !!!
Better late than never :)
@@AssetYogi in the section 80 ddb senior citizen can claim upto 1 lakh for special or chronic disease
@@tusharratra5504 q
Aaaaaaaaaaaaaaaaaqa
Helpful
Is there any deduction on composite fees of the children or there is only deduction in the tution fees
Sir please make a video on mutual funds which is with long term n short term plans more over which is best for a middle class person
awesome video !!!!!! it has covered almost all issues and I must say your videos are the one-stop solution for a layman.
Boss ..a very few people are doing some golden work like You.... Many thanks to you...
Thankyou for appreciation Bibhuti:)
You are a doing a wonderful job Mukul.
Can you please make a detailed video on Builder Buyer Aggrement.
Thanks in advance.
When you bring out the result zero, I was shocked!!
Great job...Sir
Keep supporting :)
@@AssetYogi why not sir
If holding Mutual funds on SWP mode, will TDS be deducted or we would be required file returns in July of the next year?
Very good Rahul could make it zero income tax without investment.
I shall request that similar way how a pensioner of age 75 years old can get rid from income tax who's yearly income is eight lacs.
Thanks with warm Regards.
Thanks for such an awesome video AY. I really loved it. I appreciate your efforts. God bless you and keep making videos likes this.
Thanks 😊
In case of residential joint property between husband and wife (1) does it mean that each holder can purchase 2 individual residential properties, i.e in total 4 residential properties ;. (2) does capital gain of less than 2 crore apply on per assessee basis.. i.e., less than 2 crore for 1st holder of the property and less than 2 crore for 2nd holder of the property OR the correct interpretation is that the capital gain of less than 2 crore is nothing to do with joint holders it means on the property itself. Pls clarify SIR for everyone's benefit 🙏
Hello sir, very nice video. Only one query about HRA. Is it not covered in standard deduction of 40000.
No
NO standard deduction had a separate section and so do the HRA. Both are not linked from anywhere
Bahut badiya tarikese explains kiya he sir ji.. Mera ek que he mera policy nhi tha but mene 45000 ka oxygen machine liya tha and bki bhi expense hue he medical ke. Age 59 he papa ka. Kya me deduction le skta hu under 80ddb
Namaskar sir
Please provide a full vedio of itr filling online of sailary holder. Where i have to fill HRA AMOUNT DURING FILLING ITR.
1.Can I claim Stamp duty charges for residential land purchase?
2. Last year I didn't not claim insurance premium and Stamp duty charges. Now can I claim that along with current years expenses like insurance premium of last and this year.
U have not consider payment 10k for medical expenses and 10k interest received from saving account.
No jis saal pay kia ussi saal claim karna hota hai
Very useful information..ofcourse I will subscribe your channel and will share with my friends
Thanks sir for informative video. It's really helpful for me and my family. Keep updating us on the fiance part. Long way to go. Stay blessed!
Thanks Ankit :)
सर नमस्कार
बहुत अच्छी जानकारी दी गई धन्यवाद
हाउस लोन और एजुकेशन नहीं ले रखा है और इनकम 9 लाख प्रतिवर्ष है तो कैसे मैनेज करें
Hi, Pls clear point 5. If rent received is 1.8LPA and internet payable is 4LPA than what would be the net income considered. . I think no limit was abolished last year and max cap is 2L for interest part of HL on rented property
From FY 2017-18, the 'loss from house property' was restricted to Rs 2 lakh per annum for rented houses and 'deemed to be let-out' houses. Is it correct??
No its only for the purpose of set off of losses with another income you can carry forward losses beyond 200000 upto next 8 A.Y
My interest on second house is over 5 lakh, my employer don't give benefit after 2 lakh in form 16. So ceiling of 2 lakh is true.
@@NP_JSN balance you can set off in next FY
🙏Thank you so much Mukul ji for useful information ,
Please make a video on best interest rate on FD offering by Banks...
Best FD: choose RBL or Jana Small finance Bank : Open account in your parents name so no TDS charged on interest paid out
Sir
50k standard deduction
And normal 120k for my rent
So remained amount is only 30k under 80c
Am I right?
And in above case in normal way only I will not be under taxable income till 7 lakh?
Thanks sir for this helpful information
Plz make a video on how to fill itr .no one have made any video on this topic .can u do this dare sir .we will be highly obliged 🙏
What will happen in case if home is on name of two members and both are earning. Can both of them claim from interest?
Stamp duty rebate residential plot ki liye b milti h ya only for constructed home
sir tuition fees के बारे में आपने जो टैक्स saving बताई हैं उसमे यदि कोई employee अपने बच्चों की tuition fees के बिल से अपनी company से wapas refund कर लेता है तो उस condition m वो टैक्स saving m के लिए tuition fees को itr भरते समय show करके टैक्स में छुट ले सकता है क्या
Do you any excel sheet in which we put all the data and calculate for ourselves
Please provide one that will help
Thanks for the information
Use IncomeTax Department Website
Is the rebate on stamp duty or registration charges applicable on buying a residential plot also?
Yes under 80C
Very good information about calculation of income tax helping in calculation of the employee & also proper investment for saving tax,thanks.
I hope this will be useful
Document kaise denge
Example.. tuitions . coaching
Bahar me rent payment
Treatment etc
Only mother alliwed hai? Ya father ko bhi rent de sakte hai.
Turn over pe income tax return done ke baad profit wala paisa account me hoga ki nahi....
Thanks... Sir prosnal loan ka kuch kar sakte hai kya??
Hello Mukul Sir . Thanks for making such a valuable informative videos. I am your regular viewer. I love your content. Keep it up.. God bless you.
Thanks Bhanu Pratap
Sir मैंने एक प्रॉपर्टी सेल की है उसके लिए टैक्स से बचने के लिए अगर मैं kvp ले लू तो क्या टैक्स सेविंग भी होगी और earning भी होगी ?
So well explained .. please keep it up and release video for 2020-21 tax slab.
Can I adjust loss from trading in shares with profit in mutual funds? Please suggest
Yes.
@@AssetYogi Thank you🙏
Should home loan be financed through Bank only for tax benefits or if home is self financed by builder then what is the clause for tax benefits?
Very informative, very well explain. really appreciate your efforts sir.
Thanks 😊
I like your video because it gives lots of in knowledge which is useful in daily life. Sir, I suggest you to make one video explaining income tax payable on certain profit incase you have proprietorship firm and corporate tax including dividend distribution tax in case the same business is converted as Private Limited firm considering prevailing rate of taxes with 5 to 50 crore of turn over. This will be useful to those who are running large size of business under proprietorship and wanted to shift to Pvt Ltd firm. Thanks.
Noted. Will try to cover in a future video
Loved this explanation clear and precise
Thanks Puneet
Sudexo Meal voucher card can be exemption in which section?
बहुत बहुत बहुत शानदार वीडियो, Nice👍
15:39 Sir, please, dependent parents ki detailed definition par ek video bana sakte hain kya please.
Doubt is as follows:
Parents ko govt employee par dependent hone ke liye parents income "₹9,000+DA" se kam honi chahiye. Toh, ye ₹9000+DA mother aur father ki individual income hai ya combined income (Matlab 9000 mother ke aur 9000 father ke ya dono ke milakar bas 9000)? Aur suppose koi father farmer hai to wo income mein count hogi? Aur agar hogi toh uspe DA wali condition bhi lagegi?
Pensioners ke case me koi example dekar IT saving ka upay batayen.
Very helpful video, thank you so much for such a precious advice.
Thanks Deepak
Mukulji,
Thanks for this video... Very much informative...
Thanks Bhalchandra :)
.maine Apollo munich optima restore health insurance apni family (husband+wife+2 childrens)ke liye liya hai jiska premium 18299 hai.mere papa senior citizen hain & tax payer hain . Agar mai maa/Papa ka 50000 premium ka health insurance karwata hu to kya Sec 80 D me 50,000 ke health insurance premium ka tax benefit sirf senior citizen (mere papa)ko milega Ya mai bhi tax benefit ka labh le sakta hu.......plz advise
Nice Informatic video sir
Thank you please. Request clarify if the cost of immovable plot is directly deducted from the cost plot sold after 7 yrs, the tax payable is 10 or 20 %. Early mail reply appreciated
Very nice & useful video at this point of time , this will help us in ITR filing also
Glad to know that you found the video helpful Atul
sir
maine 2 saal pahile homeloan liya hai Kya uska principal amount bhi
tax shut mil sakti hai.ya fir sirf byaj par hi shut milegi
What are the certificate one has to provide? For taxation
Sir if possible can you please make a calculator for these tax calculations as well, I have seen in some other videos of yours.
Under NPS for Govt servants, is rebate available on full contribution paid by employer??
Agar koi dukan dar ho to kaise tax vore? Kaise proved kare yearly income under 500000 lacs. In tax file bana parega yea nehi? Panchaet tax dena hoga
Very clearly explained..thank you sir :)
Also please clarify how do we produce documents to say we pay rent to parents , only bank transactions are enough ?
Also after paying rent to parents. Will parents still be called dependent on tax payer? Can their expenses be filled in 80d for 5000/-
Sir I am learning a lot from your videos
1) father के नाम Helath Insurance है लेकिन उस Helath Insurance का primium (Installment) लडका भरता है तो Helath Insurance का Deduction कौन ले सकता है?
2) Nil Tax Return 31 जुलै के बाद file करने पर late fees लगती है क्या?
1. The one who has paid the health premium can take such amount of premium as deduction u/s 80D
2. No late fee will be charged if the tax payable is zero. Refer section 234F of Income Tax Act for this purpose.
जैवलरी क्रय करने पर दिया गया टैक्स रिटर्न में क्या घटता है, यदि हां तो किस तरह ।
Sir sec 80e me last yr koi claim ni Liya to es yr me dono yrs ka ek sath claim kr skta hu ya sirf es sal Jo interest pay Kiya h uska hi claim Karna hoga ? Thanks!!
How can we fill return if we are earning approximately 1 lac in a year.
If we want to fill income tax return??
& How will it help in future ??
Dear Sir l ask about standard deduction for salary person which is example given by you please explain
Sir, if we pay for online classes like byju's so that amount can be considered under as education fee
very informative, but i wonder how Rahul will manage his expenses after all these deductions?
Haha. Kuchh bhi
Deduction is claimed from Expenses. House Rent, Medical, Education etc all are Expenses.
Also Travel expenses save our taxes too. many things are there. Depend on knowledge of your CA and your personal awareness.
@@DMIndia_Official Hi. Could you please explain how does travel expenses save our expenses
Brother/sister ke liye education loan liya ho to wo tax me cover hoga kya plz. Reply me.
nope
Income tax return filing ka sara video cover kre ... theoretical as well as practical
Noted.
Humne yadi mutual fund me lumpsum 300000 invest kiya kisi 1 fund me aur 1 saal pura hone k bad 3000 per month ka swp chalu kar diya to uspe koi v tax lagega ya nhi pls batayen.
Thanks Sir for financial education. Sir should we lease or buy a car please make a video
Hum HRA components (provided by employer) increase kar sakte hain kya?
Yes
hey mukul, please tell me if this rent paying to our own parents is still applicable in 2022. & if yes then how do we have to ask rebate for it or say inform the HR in advance
If property is in under construction and I have taken a home loan against that property and i am paying the EMI and staying in a rented flat so can i get the tax benefit of both sec 24 & sec 10(13A)?
Yes you can
Thanks Mukul Bhaiya🏅🏅🏅🏅🏅
Thank you nafees
Can I claim any deduction if I buy an agricultural land ?
Can a government employees claim house rent paid deduction in itr if he has been given government accomodation but every month some amount has been deducted from salary for house rent. Also can electricity and water bill be added in house rent for the purpose of itr deduction as they are also deducted from salary.
eDUCATION LOAN KISI INDIVIDUAL SE LE SAKTEY HAIN?
Good Information. You have consider only interest part, of home loan. What about principal part of home loan?
You can take deduction of principal part us 80 c
What if one lives in a company accommodation for just Rs. 120 per month as lease license fees and also gets some hra monthly, can he/she then claim the deduction of house rent allowance in ITR???
Sir if parents are no more to kya elder unmarried sister Ko hra k lie unke account Mai de kr tax benefits mil jayega kya
Good sir, can I claim tax deduction on payments of tuition fee of my daughter, if she is studying in foreign country, please guide sir
No
As the act defines the Recognised Educational Institutions, it does not cover the foreign educational institutions
Pls make a video on tax saving instruments for defense service personnel's also.
It will be a great help to them.
It should cover how to set their financial goals.
How to achieve them.
How to invest smartly to save maximum tax on salary.
Regards
Here it is: ua-cam.com/play/PLSiDKpku4U_X2r8M3Qw2jz0AqZC7eGs64.html
Bahut behtareen👍👍👍👍
Thanks 😊
Agar company ne makan de rakha hai, aur hra nahi milta hai to aise case me tax kaise bachaye. Plz guide
Wel Explain and very useful
Thank you
Keep learning 😊
But tax slab says , no tax till 2.5 Lakh, then 10% from 2.5 till 5 Lakh, doesn't rahul fall in tax slab 2 ??
Its 5 percent for 2.5 -5 and also below 5 there is max tax rebate of Rs12500 therefore zero tax
Really Excellent Video, Thanks alot for sharing such valuable information.Keep up the good work !! 👍👍
80C limit should increase, that's is very lower at the moment
Because Government want to give benefit to Middle and Lower Middle Class only.
1.5 lakh means around 15-20 lakh Income people covered under it. Above that is higher income groups.
@@DMIndia_Official that 1.5 lakh is for year
@@Abhishek-1966 DM india ko kuch samjhta nahin...comment karte hein..
Very nice Video always there is something to learn or something to be noted for future reference in your video. However, I feel there is 2 thing to be noted in above calculation
1. EPF is investment and employer is liable for max 1800/- P.M.
2. Tution Fees Deduction is not avaiable in 80C only school fees are available.
Only tuition fees paid to university, school or college is allowed as deduction