Bhag bc gareeb.. 10 lakh walo ko lund kuch ni dena.. mera 42LPA hai aur monthly 70K tax jaata hai after exemptions. Itna in hand aata hai 10 LPA walo ka
Think about those who work 12hrs and earn less than 2lakhs. You are paying for them because the nation is not just you and we all earn because of our people, one way or the other.
No doubt, one of the best ways to grow and save your money is through investing. You don't need a fortune to get started. Even a small amount can turn into millions if you invest wisely. I wasn't financially free until my 40s, and I'm still in my 40s, but I've already purchased my second house, enjoy a monthly passive income, and achieved 4 out of 5 of my financial goals. I hope this inspires someone to realize that it's never too late to start, regardless of your age. You can begin investing today and change your future! Investing has been a life-changing decision for me
I highly endorse Regina Louise Collaro, a US-based financial advisor and consultant. Partnering with an international organization, she has been instrumental in guiding my financial journey with unwavering support until my goals are met. Selecting the right financial consultant is as crucial as finding the right life partner, as both can significantly impact your life's trajectory. I'm grateful to have found the perfect financial consultant who has helped me achieve my financial objectives, from education to nearing retirement.
I value your recommendation. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
Thanks for the info! So the Employer PF Contribution is already taken care while calculating TDS or do we have to mention explicitly while filing income tax return?
What is all covered in reimbursements? Professional development, uniform, meal coupons, books and periodicals, telephone allowance, are they covered under reimbursement under new tax regime
Nice presentation.Kindly try to make videos in Tamil so that Tamil audience can also be benefited from contents like this and for getting more financial awareness
I get a amount from my employer for the fuel and mobile charges Can I treat them as exemptions or reimbursement? If exemptions which section should I quote?
It's really unfair that under new tax regime, the employee's PF contribution is taxable. I don't have any problem even if it's taxable, but atleast allow employee to opt out of it.
Hello, family pension comes under income from other sources and not under income from salary. So, the standard deduction of Rs 50,000 is not applicable. But you can claim a deduction of Rs 15,000 or one-third of family pension, whichever is lower.
I’m a PSU employee. I’m my salary there is a component ‘tax paid by employer on perquisite’ , this I use to claim in old regime under sec17(2) as we don’t pay tax on tax. Can I claim same in new regime?
Any interest on pf contribution more than 2.5L per annum is subject to taxable as per your income tax slab. You missed this point and misinformed the whole audience. However there is no bar on how much you can contribute to pf , the interest is taxable. The 7.5L rule is a net sum of pf+ppf+nps .
If I transition from Company A to Company B and receive a specific sum as Leave Encashment as part of my full and final settlement at Company A, can that amount be exempted under Section 10(10AA)?
Hello, yes, leave encashment on changing jobs is tax-free up to Rs 25 lakh. However, this limit is applicable for an employee's lifetime. For instance, if you claim an exemption of Rs 1 lakh for leave encashment, the limit gets reduced to Rs 24 lakh.
Hello Sir, I have one request to you is, Most of the Index balancing is done in once in 6 months, can we suggest the concerned authorities to make it rebalancing once in 3 months, why because market dynamics have changed, if done in 3 months once, index will be like Dynamic Index, with the fast changing market environment, it's necessary, I felt like so, if you also thought the same kindly convey the message to the SEBI, NSE & BSE...
@@hrushikeshavachat900 pehle salary mili with tax deduction, then us paise se tickets Li,gst pay Kiya, then uski reimbursement Li, uspe bhi tax, ab hua na double taxation
Hello, mutual funds are always a more convenient way to invest, whether its equity or bonds. You should consider investing directly in stocks or bonds only when you have the required knowhow.
My employer does not mention HRA in salary slip as I am in new tax regime. How will I get HRA tax exempted if I change from new to old tax regime at the time of filing ITR?
I have a doubt that In new regime, if my income is 7.5 lakhs , does org should pay IT and we should claim it or no tax should be deducted from my salary. Please help on this as im new for this.
Hello, only the employer's NPS contribution under Section 80CCD(2) is tax exempt, not the employee's contribution or the additional Rs 50,000 under Section 80CCD(1B).
@@ETMONEYhow abt PF contribution? didnt understand that part ! Total Salary is 7.70 L , and Pf is deducted from salary ..!! How one can come under 7 L after standard deduction ??
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Disappointed by budget! 😢 😢 those who are earning around 10lakh suffers mostly
Bhag bc gareeb..
10 lakh walo ko lund kuch ni dena.. mera 42LPA hai aur monthly 70K tax jaata hai after exemptions. Itna in hand aata hai 10 LPA walo ka
Can you do anything about it?. No na...
What is your issue in paying tax??
Businessman kabhi tax nehi deta, hum middle class hi dete hay. Income me bhi tax, aur kuch buy karo usme bhi tax@@achu10mech41
Think about those who work 12hrs and earn less than 2lakhs. You are paying for them because the nation is not just you and we all earn because of our people, one way or the other.
No doubt, one of the best ways to grow and save your money is through investing. You don't need a fortune to get started. Even a small amount can turn into millions if you invest wisely. I wasn't financially free until my 40s, and I'm still in my 40s, but I've already purchased my second house, enjoy a monthly passive income, and achieved 4 out of 5 of my financial goals. I hope this inspires someone to realize that it's never too late to start, regardless of your age. You can begin investing today and change your future! Investing has been a life-changing decision for me
I'm exploring different investment opportunities and would appreciate more insights on this matter
I highly endorse Regina Louise Collaro, a US-based financial advisor and consultant. Partnering with an international organization, she has been instrumental in guiding my financial journey with unwavering support until my goals are met. Selecting the right financial consultant is as crucial as finding the right life partner, as both can significantly impact your life's trajectory. I'm grateful to have found the perfect financial consultant who has helped me achieve my financial objectives, from education to nearing retirement.
I value your recommendation. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
Alright, you can easily find her information by doing a quick 🔎 search. Feel free to reach out to her directly with any questions you may have.
Thanks for the info! So the Employer PF Contribution is already taken care while calculating TDS or do we have to mention explicitly while filing income tax return?
Just the video I needed to see today. Getting my popcorn and notepad.
This won't help you, if you are expecting this to be an update of today's budget 2024.
Hello, hoped you liked the video. Please share it with your friends, family and colleagues as well.
What is all covered in reimbursements? Professional development, uniform, meal coupons, books and periodicals, telephone allowance, are they covered under reimbursement under new tax regime
Increase the Font size of English Alphabets and words.
Hello, thanks for your suggestion. Will share it with the video team.
Are you sure about the reimbursement of books and fuel ? My HR told me that its only in old tax regime
Nice presentation.Kindly try to make videos in Tamil so that Tamil audience can also be benefited from contents like this and for getting more financial awareness
I get a amount from my employer for the fuel and mobile charges
Can I treat them as exemptions or reimbursement?
If exemptions which section should I quote?
Is the credit in food card or sodexo meal coupons are taxable under new tax regime or non taxable as in old tax regime? Kindly confirm.
How someone is going to save tax in case of PF ?!! What is marginal relief for income from 7.5 to 7.78 L ??
It's really unfair that under new tax regime, the employee's PF contribution is taxable.
I don't have any problem even if it's taxable, but atleast allow employee to opt out of it.
Is that leave encashment is non taxable?
very clearly explained all the relevant aspects. thank you
Sir is section 24a benefit available in new tax regime?
Medical reimbursement covered in CTC can be tax exemption in new tax regime??
How to get relief from 7.5 to 7.78?
Does Family Pensioners also get Rs 50000 standard deduction under new tax regime?
Hello, family pension comes under income from other sources and not under income from salary. So, the standard deduction of Rs 50,000 is not applicable. But you can claim a deduction of Rs 15,000 or one-third of family pension, whichever is lower.
The NPS 80 CCD(2) is 10% and by employer …. But can we increase the % and via bank instead of employer?? Thank you in advance!
Does transport allowance only applicable for physically handicapped?
I’m a PSU employee. I’m my salary there is a component ‘tax paid by employer on perquisite’ , this I use to claim in old regime under sec17(2) as we don’t pay tax on tax. Can I claim same in new regime?
does transport allowance only applicable for physically handicapped?
No matter what i am not going to pay taxes, as my income will always below 3L. I am satisfied i have food to eat every day with below 3L ✌️
Once we accept the new then the benefit of capital gain bonds will be available?
You didn't explained about the tax above 7.5 & below 7.78?
nothing new.. wasted my time.. I am tax consultant..
Any interest on pf contribution more than 2.5L per annum is subject to taxable as per your income tax slab. You missed this point and misinformed the whole audience. However there is no bar on how much you can contribute to pf , the interest is taxable.
The 7.5L rule is a net sum of pf+ppf+nps .
Hello, thanks for sharing your observation. Will pass it to the content team.
PPF too?
which tax regime is good for physically handicap employee with 70% disability certificate.?
7:26 …where will i show these reimbursement in ITR?
If I transition from Company A to Company B and receive a specific sum as Leave Encashment as part of my full and final settlement at Company A, can that amount be exempted under Section 10(10AA)?
That’s what I just heard, never knew about this. I think I could have saved some money 😢
For non govt. Company yes... You can claim leave encashment upto 25L cumulatively
Hello, yes, leave encashment on changing jobs is tax-free up to Rs 25 lakh. However, this limit is applicable for an employee's lifetime. For instance, if you claim an exemption of Rs 1 lakh for leave encashment, the limit gets reduced to Rs 24 lakh.
Rebate is for all or only for salaried people
Government should collect Income Tax slab wise directly from the bank accounts.
The interest on home property part is confusing. Otherwise, a good video
Hello, thanks for your feedback. Will share it with the content team.
Vedio explained well But I feel the regime structure complicated logic, not a waw for middle class.
Does we have to add employer's contribution to our gross income.
Yes. According to Pfms, even govt contribution in my NPS account is shown as taxable and added to gross.
Hello Sir, I have one request to you is, Most of the Index balancing is done in once in 6 months, can we suggest the concerned authorities to make it rebalancing once in 3 months, why because market dynamics have changed, if done in 3 months once, index will be like Dynamic Index, with the fast changing market environment, it's necessary, I felt like so, if you also thought the same kindly convey the message to the SEBI, NSE & BSE...
Sir,
If I select new for 2023-24 financial year, can I choose old regime in 2024-25 financial year.
Pls clarify.
Yes, you can. In fact you can just pick one of the two schemes which is beneficial to you even at the time of tax filing
Hello sir.
Sir, for government employees, 10% on Basic + DA should be calculated to deduct under 80ccd(2) right? Plz reply sir.
14%
thanks :)
@@vineeth8612
Can we do tax harvesting, tax loss harvesting in new slab as well?
tax harvesting has nothing to do with income tax. it is used in investments.
Sir,
Is NPS SUBSCRIPTION UNDER 80CCD (IB) ALLOWED IN NEW TAX REGIME?
No
Can I go from new to old?
At the start of financial year you will get chance
Leave travel reimbursement is taxable under new regime. Isn't this double taxation as we already pay gst while buying air tickets??
Only pay taxes
Nope. If that's the case, then every article is double taxed as we are buying those articles from after tax money
@@hrushikeshavachat900 pehle salary mili with tax deduction, then us paise se tickets Li,gst pay Kiya, then uski reimbursement Li, uspe bhi tax, ab hua na double taxation
@@silentfollower881 Nahi. Tune ek hi baar tax pay Kiya. Kyuki ek bear tuze reimbursement Mila. Woh reimbursement Tera employer expenses karke claim karegi.
I have a question directly investing in bond or through dept mutual fund which is good
Hello, mutual funds are always a more convenient way to invest, whether its equity or bonds. You should consider investing directly in stocks or bonds only when you have the required knowhow.
@@ETMONEY Hi can we save tax by investing in tax saving mutual funds in new tax regime?
eligible exemptions and deductions u/s 16 as per new tax regime? is professional tax ( 16 iii) of Rs 2500 exempted in new tax regime?
Hello, no, professional tax is not exempt in the new regime.
@@ETMONEY THANK YOU SIR FOR YOUR KIND HELP.
If new regime doesn't have tqx exemption, then is there any point of having elss (1.5lak)and nps (50k) investments..?
My employer does not mention HRA in salary slip as I am in new tax regime. How will I get HRA tax exempted if I change from new to old tax regime at the time of filing ITR?
Can't go back to old regime
yes you can
How about gift
what about 80G in new tax regime? is it exempted?
No. Not covered for those who opted new tax regime 😢
I have a doubt that
In new regime, if my income is 7.5 lakhs , does org should pay IT and we should claim it
or no tax should be deducted from my salary.
Please help on this as im new for this.
You should pay TDS on a monthly basis and after filling ITR you will get all the amount you have paid through TDS including interest.
@@neelesh_porwal Thanks for the information Mr. Porwal
0:37 Damn, my CTC is 7.78L
How are you going to save tax ?!! What is marginal relief for income from 7.5 to 7.78 L ??
@@devengurjar My CTC is 7.78 from December 2023 only. Idk, I will ask my CA auditor who will file ITR for me.
@@CyberPsychGaming ohk..do reply if you get answer regarding marginal relief... Not sure if they are considering capital gains from listed shares 🤔
Bhai bhaut zayada hi details me bataya hai
What about employee's NPS contribution? Isn't it tax exempt upto 50k a year??
Hello, only the employer's NPS contribution under Section 80CCD(2) is tax exempt, not the employee's contribution or the additional Rs 50,000 under Section 80CCD(1B).
@@ETMONEYhow abt PF contribution? didnt understand that part ! Total Salary is 7.70 L , and Pf is deducted from salary ..!! How one can come under 7 L after standard deduction ??
As long as BJP is in power middle class will never get any relief
Congress govt mai relief tha kya 🤣
Congress ke time pe middle class thi hi nahi.sare amir they. Yeah to BJP ne aake banayi hai..
@@sulabhrocks 😭🤔😕😅😁
Haan wahi to. Congress k time to middle class, bpl etc. tha hi nahi. Sab ameer the.
BJP k aate hi ota nhi kahan se itne saare classes aa gye!!!
Pehle pese kamale nalle...fir tax ka sochna
are you TAX EFFICIENT?
Govt wants you to spend! Financial independence is not govt's intrest anymore
Tax ke liye salary to taxable le lete😂
20k salary vala tax nhi janta
Vo basic salary hai bhai
@@priyanshusharma5449 means tax is calculated only in basic?
@@x_man007 ni bhai PF basic salary ka 12% deduct hota hai vo bta rha hai vo
Again middle class get middle finger.
Worst explainer
This time kick out BJP.. Jai shree ram 🎉
New tax regime is useless, hence this video is also useless
or maybe your understanding lacks
Abolish it