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!
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. 👍
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.
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.
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 🙏
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.
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.
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 ji please please answer Mai चार साल के लिए contractual employee हूं yearly total salary छ लाख तीन हजार है तो प्लीज itr का कोनसा फॉर्म भरना है जी जी🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
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 🙏
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.
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
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.
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?
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।
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?
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
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.
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.
@@AssetYogi Sir,🙏🙏 iska matlab under construction property ka construction purn hone avam possession milane ke bad jo installment paid hoga uska hi tax rebate milega ?
Join All-In-One Video Finance App here: vidfin.com/
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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 😊
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)
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.
When you bring out the result zero, I was shocked!!
Great job...Sir
Keep supporting :)
@@AssetYogi why not sir
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
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
For Govt. Salaried Person (HRA Components)...
Only Basic to be consider or (Basic+DA)...
Mukul sir apka Kam bahot accha hai Paisa kamana nahi balki Paisa bachana badi baat hai.....
Boss ..a very few people are doing some golden work like You.... Many thanks to you...
Thankyou for appreciation Bibhuti:)
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 😊
Salary for purposes of HRA exemption is basic and DA if DA forms part in calculation of retirement benefits
Very useful information..ofcourse I will subscribe your channel and will share with my friends
awesome video !!!!!! it has covered almost all issues and I must say your videos are the one-stop solution for a layman.
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.
Bahut behtareen👍👍👍👍
Thanks 😊
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 :)
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
बहुत बहुत बहुत शानदार वीडियो, Nice👍
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 🙏
Nicee वीडियो मुकुल जी😊😊😊👌🏻👌🏻👌🏻🇮🇳🇮🇳🙏🙏🙏
Thank you Deepak
😊🇮🇳🙏
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
Good explanation skills👏🏻👏🏻👏🏻
Thanks 😊
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..
Excellent explanation 👍
Thank you.
Very informative, very well explain. really appreciate your efforts sir.
Thanks 😊
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
Can I adjust loss from trading in shares with profit in mutual funds? Please suggest
Yes.
@@AssetYogi Thank you🙏
Loved this explanation clear and precise
Thanks Puneet
So well explained .. please keep it up and release video for 2020-21 tax slab.
Income tax return filing ka sara video cover kre ... theoretical as well as practical
Noted.
Well effort and nice explanation.
Thanks a lot
You are a doing a wonderful job Mukul.
Can you please make a detailed video on Builder Buyer Aggrement.
Thanks in advance.
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.
Namaskar sir
Please provide a full vedio of itr filling online of sailary holder. Where i have to fill HRA AMOUNT DURING FILLING ITR.
Big fan of urs sir....keep doing good work
Thanks 😊
Really Excellent Video, Thanks alot for sharing such valuable information.Keep up the good work !! 👍👍
🙏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
Nice Informatic video sir
Helpful video..but u did not mentioned LTA
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
Helpful
Is there any deduction on composite fees of the children or there is only deduction in the tution fees
Awesomely Explain Sir 👍👍👍
Thank you:)
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
Very nice and well explained 👍
Thank you .
Keep learning
Fantastic sir👍👍👍👍
Keep supporting :)
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 ji please please answer
Mai चार साल के लिए contractual employee हूं yearly total salary छ लाख तीन हजार है
तो प्लीज itr का कोनसा फॉर्म भरना है जी जी🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
Itr one
Vry nyc & knowledgeable video sir👍
Keep up the good work sir...nice job
Stamp duty rebate residential plot ki liye b milti h ya only for constructed home
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 🙏
Very nicely explained
Thanks Nitesh 😊
Thanks Mukul Bhaiya🏅🏅🏅🏅🏅
Thank you nafees
Very nicely explained.
Thanks
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
Mukulji,
Thanks for this video... Very much informative...
Thanks Bhalchandra :)
Document kaise denge
Example.. tuitions . coaching
Bahar me rent payment
Treatment etc
Again fabulous.
Thank you for appreciating Nitin
Sudexo Meal voucher card can be exemption in which section?
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
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
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
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
Is the rebate on stamp duty or registration charges applicable on buying a residential plot also?
Yes under 80C
Sir I am learning a lot from your videos
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?
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।
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?
Sir,Please add one example of income over 12 lac.
Very helpful video, thank you so much for such a precious advice.
Thanks Deepak
Best explanation sir
Video banane ke liye kaun sa software use karte hai?
Premier Pro
It is paid software or free
Very good, meaningful, useful video, clear very good aspects
Thanks Anjali 😊
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
It's too helpful vedeo but every person doesn't know about these rules
If holding Mutual funds on SWP mode, will TDS be deducted or we would be required file returns in July of the next year?
You didn't consider 50,000 rupees which is standard deduction.This financial year budget has increased 40,000 to 50,000 standard deduction.
Pensioners ke case me koi example dekar IT saving ka upay batayen.
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
Very well Explained
Keep watching
Very good explaination & very informative video, thanks
Thank you for appreciating Sanjay
Very nice lesson
Hope it helps you Uday
Sir if possible can you please make a calculator for these tax calculations as well, I have seen in some other videos of yours.
Best video , I have ever viewed
Very good 👍
Hope it's helpful 😊
What are the certificate one has to provide? For taxation
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
Nicely explained 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
Mukul g , great video
Thanks for appreciation 😊
Sir agar self occupied home ho to kya mentenense kharcha Ko tax se chhut mil Sakti h
Nahi
Sir under construction property ke principal & Intt. Payment par bhi tax rebate milega kya..
No. Only for ready to move properties
@@AssetYogi Sir,🙏🙏 iska matlab under construction property ka construction purn hone avam possession milane ke bad jo installment paid hoga uska hi tax rebate milega ?
No only for completed property
What will happen in case if home is on name of two members and both are earning. Can both of them claim from interest?
can i claim exemption on stamp duty on buying land?
Lekin sir tax rebate kese claim karna hain aour kahape
You can watch this playlist: ua-cam.com/play/PLSiDKpku4U_X2r8M3Qw2jz0AqZC7eGs64.html
Very nice sir....thanks a lot
Thankyou for appreciation :)
Thanks... Sir prosnal loan ka kuch kar sakte hai kya??
Stock market ke series start kro sir full detail video banao aap stock market lr bare main