Tax Rates For Senior Citizens AY 25.26 FY 24.25 Tax Free income For Senior Citizen

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  • Опубліковано 22 січ 2025

КОМЕНТАРІ • 466

  • @arvinddhavale9176
    @arvinddhavale9176 2 місяці тому +22

    All senior citizens more than 60 Years should be exempted from income tax and compulsion should removed filing IT return

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +1

      👍

    • @Pravinsoni-i5y
      @Pravinsoni-i5y Місяць тому +3

      Agreed.

    • @aruntyagi2033
      @aruntyagi2033 16 днів тому

      Senior citizens who are NOT BUSINESS MEN shpuld be exempt from income tax. As mostly the savings etc are already taxed in working years.

  • @rameshorator2623
    @rameshorator2623 2 місяці тому +16

    Best presentation and speedy clearly presentation

  • @anishapairaikar7945
    @anishapairaikar7945 2 місяці тому +18

    Thanks a lot for detailed information in simple and easy language. All doubts cleared.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +2

      Always happy to help the senior citizen community

  • @minakhan1841
    @minakhan1841 2 місяці тому +9

    Discussion is very helpful for the itr.

  • @dileepkaul6773
    @dileepkaul6773 2 дні тому

    Good and valuable information. Please give the clarity of capital gain on sale of property of sr. Citizens also clear if property is joint

  • @k.manikprabhu8642
    @k.manikprabhu8642 Місяць тому

    It is very informative with clarity
    .Thank you fortax education.

  • @JosephkuttyMathew
    @JosephkuttyMathew 2 місяці тому +2

    Taxes on pensions and their FD interest should stop because an employee pays tax for approximately 30 to 40 years. SC benefits like Railway tickets, etc., have already stopped. In this era, living costs have increased 10 times. Good video. GBU

  • @D_Singh1313
    @D_Singh1313 2 місяці тому +4

    Bahut vadhiya jankari ji

  • @srsinghyadav
    @srsinghyadav 2 місяці тому +2

    Good expression. Pl plz give at least one example of ITR-1 for senior citizens.

  • @understandthewordsfeelthes3036
    @understandthewordsfeelthes3036 2 місяці тому +1

    Thanks for sharing latest updates

  • @zareenismail7865
    @zareenismail7865 15 днів тому +1

    All senior citizens from 60 yrs should be completely exempted from income tax.

  • @CandarsinghSarawat
    @CandarsinghSarawat 2 місяці тому +3

    Sir meny meny thenks

  • @RAMSINGH-xz2vn
    @RAMSINGH-xz2vn 2 місяці тому +5

    Thank u so much sir
    Excellent

  • @sylvesterodrigues7717
    @sylvesterodrigues7717 2 місяці тому +2

    Railway, no concession for senior, post office, Congress time for 5 years fixed deposit were 9.2.interest, after that getting money along with ten percent

  • @Rahulkumar-yj3po
    @Rahulkumar-yj3po 2 місяці тому +1

    GOOD INFORMATION

  • @balasahebghadge7127
    @balasahebghadge7127 Місяць тому +1

    छान माहितीपूर्ण

  • @krish_machinology
    @krish_machinology 2 місяці тому +4

    🙏🙏🙏
    Thank you sir for this video..very imp for my parents and sharing in senior citizen group👍
    Also pls make video on various options to invest pension fund like SCSS or Mutual funds or any other 🙏

  • @ShamsherSingh-ms9il
    @ShamsherSingh-ms9il 2 місяці тому

    Very useful and knowledgeable information/video. Thanks so much !

  • @ramchandrapradhan5673
    @ramchandrapradhan5673 2 місяці тому +2

    Good analysis

  • @narendersharma5089
    @narendersharma5089 2 місяці тому +4

    Aachi jaankari. Namaste

  • @subhashshivanker7980
    @subhashshivanker7980 2 місяці тому

    Very nice CA Sir.🙏

  • @kamakshyabasak3801
    @kamakshyabasak3801 2 місяці тому +1

    Jai Hind Jai Bharat.

  • @oldfaujionmove9858
    @oldfaujionmove9858 13 днів тому

    Useful information

  • @PraveenSingh-dj9qt
    @PraveenSingh-dj9qt 2 місяці тому

    Thanks For Nice Information Video.

  • @nirmlathomas585
    @nirmlathomas585 20 днів тому

    Praise the Lord🎉

  • @atmaramindave3410
    @atmaramindave3410 28 днів тому +1

    Thank you so much sir

  • @HARSHDHV1
    @HARSHDHV1 Місяць тому

    Under the new tax regime , where sec 80 benefits are zero, there is no special concession to sr.
    citizens.
    In old tax regime , sec 80TTB interest on tax 50000 was available.

  • @snbarik4710
    @snbarik4710 2 місяці тому

    Thanks for clarification.

  • @saurabhkesharwani6143
    @saurabhkesharwani6143 Місяць тому +1

    Good video! 👍🏼
    Q. Do you have any course or video to learn how to calculate STCG/ LTCG tax on income earned from Share Market?
    Q. Under which section can a senior citizen claim deduction for medical expenses incurred during the year (if not taken any health insurance)? And how much is the limit? 🙏🏻

    • @HARSHDHV1
      @HARSHDHV1 Місяць тому +2

      Under Section 80D of the Income Tax Act, you can get a tax deduction of up to Rs 25,000 each year for health insurance premiums. For senior citizens, this increases to Rs 50,000. You can also claim an extra Rs 5,000 for preventive health check-ups...
      But under the new tax regime 0 tax has been increased from Rs 500000 to 700000 but withdrawn sec 80C and 80D benfit

    • @saurabhkesharwani6143
      @saurabhkesharwani6143 Місяць тому +1

      @HARSHDHV1 Ok! 👍🏼
      Thank you for replying! ☺️

    • @CASumitSharma
      @CASumitSharma  19 днів тому

      As of now no

  • @2910zeeshan
    @2910zeeshan 2 місяці тому +1

    Sir a 35k salaried person with Nil ITR filing, apne Savings acc me kitna amount rakh sakta hai
    actually science std k finance weak hai😅
    Love your Work sir ❤❤❤
    Kudos...!

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +1

      Wese to jitni on record income aa rhi hai wahi le sakte ho..
      Baki upto 775000 salary and part time income is tax free...
      Son file ITR accordingly

  • @basirbhaikothiya8410
    @basirbhaikothiya8410 2 місяці тому +38

    Sir sorttarm me 3.5 lakh hui ho to 50 hajar pe ki tex dena padega sir

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +14

      Yes

    • @basantsingh1463
      @basantsingh1463 2 місяці тому +5

      सर जी, नमस्कार l मेरे नाम पर बने पुराने मकान को बेचकर अगर मैं अपनी पत्नी के नाम पड़े खाली प्लॉट में नया मकान बनाता हूं तो क्या मुझे LTCG का लाभ मिलेगा l

    • @dhurjati2048
      @dhurjati2048 2 місяці тому

      Sortttttam me no tax। 😂

    • @RJagtap-ic2es
      @RJagtap-ic2es 2 місяці тому

      ​@@basantsingh1463😮

    • @prathambansal22
      @prathambansal22 Місяць тому

      @@basirbhaikothiya8410 na ab koi atx nhi lgta h agar total income 700000 se km h to

  • @abdulmazid636
    @abdulmazid636 2 місяці тому +1

    Excellent, thanx.

  • @shaileshpatel8424
    @shaileshpatel8424 2 місяці тому +1

    Nice from you

  • @kishoremirchandani8671
    @kishoremirchandani8671 2 місяці тому +1

    Jai Hind 🙏 Thanks 👍🙏

  • @inderjeet388
    @inderjeet388 2 місяці тому

    Good sir👍

  • @doctorkaur
    @doctorkaur 2 місяці тому

    So fed up of Investment Adds, public is esp seniors are Confused 😕

  • @KundanLal-tl6wy
    @KundanLal-tl6wy 2 місяці тому

    Excellent

  • @ankushghadi9293
    @ankushghadi9293 Місяць тому

    Thanks

  • @rasikvasava5611
    @rasikvasava5611 2 місяці тому

    Very good information

  • @gurpreetsinghbala5663
    @gurpreetsinghbala5663 Місяць тому

    Thanks ji

  • @premmittal1619
    @premmittal1619 2 місяці тому

    Very nice, sir

  • @devikasurendar5692
    @devikasurendar5692 Місяць тому

    Well explained Sir.
    Please clarify my doubt.
    For example - senior citizen getting pension Rs. 33,000 annually. And getting interest from FD and SB Rs .4,00,000.
    Total income= Rs. 4,33,000
    Standarddeduction-Rs. 75,000
    Taxable income =. Rs.3,58,000
    Am I right sir?
    * Further Is there special deduction of Rs 50,000 from FD Interst for senior citizen?
    Thanks in advance sir.

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      358000 is okey in new tax regime
      But you can't take 50k additional FD interest deduction in new regime

  • @rahasmohanty3442
    @rahasmohanty3442 Місяць тому

    What is capital gain. What about profit or loss on selling of property.Please be specific. Thanks.

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      Will try to make a detailed video soon

  • @jayantibhalerao6773
    @jayantibhalerao6773 23 дні тому

    If income is more than 3 lacs for senior citizens but less than 5 lacs. Can he/ she apply 15H form to avoid TDS by bank?

    • @CASumitSharma
      @CASumitSharma  23 дні тому

      As per rule no
      But if you will submit form 15H TDS will not be deducted
      But ITR filing mandatory if Income cross basic exemptions limit 3 lakh

  • @krishnag4923
    @krishnag4923 2 місяці тому

    Sir, if the Govt is kind enough to revise IT exemtion to 4 lakhs to senior citizens, atleast to above 75 years old it is reasonable & really it is help to 75 aged senior citizens.Now exemtion allowed is 3 lakhs both for Jr & Sr citizens,where is the difference for seniors from juniors.Thank U Sir.

  • @hasanalivaliji7178
    @hasanalivaliji7178 2 місяці тому

    But in old regime u can save further 1 .50 lakhs by investing in tax saver fd or any other tax saving schemes further ycan save by having mediclaim

  • @ShamsherSingh-ms9il
    @ShamsherSingh-ms9il 2 місяці тому

    Very useful and knowledgeable information video. Thanks so much.

  • @kalyanbhattacharjee5692
    @kalyanbhattacharjee5692 Місяць тому

    Please prepare a vedio, how to file IT return form itr -1 and itr-2.

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      ITR 1 already uploaded recently
      ITR 2 coming soon

    • @prathambansal22
      @prathambansal22 Місяць тому

      @@kalyanbhattacharjee5692 can I told u

  • @chitrajambunathan551
    @chitrajambunathan551 Місяць тому

    Will the govt stop the fringe benefits of parliamentary

  • @anandmalgatti
    @anandmalgatti 28 днів тому

    There should not be any Income Tax on pension amount at least for the people above 70 years age

  • @manpreetsingh-r2b9m
    @manpreetsingh-r2b9m 2 місяці тому +2

    Sir agar mai apnai binance sai dusrai person ki binance id mai 1 crore transfer kartai ho tu jai vi trajection vi income tax department ki nazar hogi ja nhi kyu ki jai tu id tu id transfer kiya hai

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Agar pan ya aadhar nahi diya
      Kyc nahi hui to nahi Jani chaiye information
      Baki income tax department ka koi pata nahi
      Kab data mang le

  • @izharahmedansari5628
    @izharahmedansari5628 Місяць тому

    Nyce info sir

  • @manoharmatkar6275
    @manoharmatkar6275 2 місяці тому

    👍👍👍👍👍👍👍👍

  • @seema.2023
    @seema.2023 2 місяці тому

    Pension is paid from PF amount which is employer's share.Those who opt for PF and not pension are not paying any tax on the full amount, then why pension is taxable?

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Pension received from the Provident Fund (PF) is taxable because it is considered income in the hands of the recipient. Here's why:
      1. Nature of the Pension Payment: When an individual receives a pension, it is treated as a form of income similar to salary, as it represents a periodic payment for past service. It is taxable under the head "Income from Salaries" or "Income from Other Sources," depending on whether it's commuted or uncommuted.
      2. Lump Sum PF Withdrawal: Those who opt for a lump sum withdrawal of their PF balance (including the employer's share) and do not receive a pension may enjoy tax benefits if the withdrawal meets certain conditions (e.g., continuous service of 5 years or more). This is treated differently under tax laws because the entire withdrawal is seen as a one-time receipt rather than recurring income.
      3. Taxation on Recurring Payments: The logic behind taxing pension lies in its recurring nature-it is received regularly as a form of income replacement post-retirement. The government views pension as income that substitutes a salary, which is why it is subject to income tax.
      While the employer's contribution to the PF and the interest on it may be tax-free during the accumulation phase (subject to limits and conditions), once it is disbursed as a pension, it becomes a taxable income stream.

  • @KT-op1pg
    @KT-op1pg 2 місяці тому +1

    Exa:- Fno income less than 3lakh h itr file krna jaroori hota h kya nhi kiya to koi problem hota h kya ...?

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      No problem
      But better to file ITR to justify the transaction

  • @GurmelSingh-qx8er
    @GurmelSingh-qx8er 2 місяці тому +1

    Senior Citizens Should Be Totally Exempted From Income Taxes At The End Of Life.

  • @harshsrivastava7040
    @harshsrivastava7040 Місяць тому

    VERY COMPLICATED

  • @pradipsaha2850
    @pradipsaha2850 Місяць тому

    Can Mediclaim insurance premium paid be deducted from total income for computation of Income tax?

  • @smitaghia443
    @smitaghia443 Місяць тому

    Govt should declare which hospital is ready to accept aayushman card?.

  • @inderpreetsingh2849
    @inderpreetsingh2849 Місяць тому

    Dear Sir, I learned from google news that there is no charges if you want to Link Aadhar with Pan upto 31/12/2024.
    Can your goodselves make clear that fee is free or not at present 🙏 Reply awaited 😊

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      ₹1000 fees need to pay
      In every case

  • @balkrishnatiwari375
    @balkrishnatiwari375 Місяць тому

    No tax ON dearness allowane as it isba compensation for the increasing cost

  • @DeepakGala-g9x
    @DeepakGala-g9x Місяць тому

    If my income is only by long term capital 7 lacs , should I pay income tax ?

  • @pinakiranjansen8981
    @pinakiranjansen8981 2 місяці тому

    I have become a sr.citizen in Aug'24.For FY 24-25 can I file ITR as Sr.citizen for the whole FY ?

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +2

      Yes, for income tax purposes, once you attain the age of 60 during any point in the financial year, you are considered a senior citizen for the entire financial year. Therefore, for FY 2024-25, you can file your ITR as a senior citizen for the whole year.

  • @KishanLal-nq7sh
    @KishanLal-nq7sh 2 місяці тому

    Is tax rebate admissible against donatio

  • @anantpawar3574
    @anantpawar3574 2 місяці тому

    सभी समस्या का समाधान करते हुवे , प्रभावी प्रजेंटेशन

  • @vsrmurty9215
    @vsrmurty9215 Місяць тому

    75lacs Eps95 pensioners families retires before September 2014 not given higher pension since 11 years which was promised bjp ,where can pay tax 😢

  • @rajkumargautam1527
    @rajkumargautam1527 2 місяці тому +71

    पहले सीनियर सिटीजन को खूब लूटो पेंशन पर भी tax लगा रखा दूसरी तरफ 70 के बाद फ्री इलाज का ड्रामा किया जा रहा हे

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +17

      Sahi kaha

    • @skmahajan-x6r
      @skmahajan-x6r 2 місяці тому +9

      aap ko 70 sal ke bad ka lab nahi lena chaho to na lo.aap bi drama kar rahe ho.

    • @yogeshupadhyay2896
      @yogeshupadhyay2896 2 місяці тому

      Koi bhi sarkar ne aisi achhi yojnae nahi ki hai, Congress ne to70saal logo ko lutne ka hi kam kiya hai, isse to achhi hi hai ye BJP sarkar.

    • @tahirhasan7087
      @tahirhasan7087 2 місяці тому

      फ्री इलाज क्यों, टैक्स फ्री पेंशन क्यों नहीं?? बेईमान, झूठे, नौटंकी बाज !!!

    • @naushadsheikh2382
      @naushadsheikh2382 2 місяці тому

      BJP sarkar Public ko Bewkuf bana rahi hai. Thanks

  • @mailipillinagrajarao6044
    @mailipillinagrajarao6044 2 місяці тому

    For medical expenses of senior citizens not discussed CA sir.....,

  • @ChandrakantPatel-tz9pr
    @ChandrakantPatel-tz9pr Місяць тому

    What about Ciniour citizens whose income from agriculture with pension

  • @APKoilNSapthagireesanjaya
    @APKoilNSapthagireesanjaya Місяць тому

    prime minister senior citizen LIC pension scheme mein 15 lac deposit per 10000 interest milta hai, ( 1,20,000 per year)
    Super senior citizen ko ,
    1..ITR file karna nahin hai kya
    2..Tax bhi nil hai kya.
    Regards

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      ITR filing mandatory if Income cross 5 lakhs in old tax regime

  • @bhagwandass721
    @bhagwandass721 2 місяці тому

    I am 67 yrs old and my total income is pension 2579 per month, interest 1,11000 annually which is below Rs. 30 Lacs, I filled ITR1 but TDS deducted Rs. 12000 of scss. My tds deducted not refunded by the Income Tax Deptt. Where is the lapse?

    • @bhagwandass721
      @bhagwandass721 2 місяці тому

      Sorry, read 3 lacs instead of 30 lac

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Have you claimed correctly in the ITR
      If possible share your income tax login credentials with us via email
      casharma12@gmail.com
      With your contact details
      So that we can check it out

  • @anumala7
    @anumala7 2 місяці тому

    If income is from intra day than itr2 or itr 3 bharna hai pl bataye😊

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      3

    • @anumala7
      @anumala7 2 місяці тому

      @CASumitSharma thank you very much sir, your channel is very much helpful specifically for senior citizens.thanks sir

    • @anumala7
      @anumala7 2 місяці тому

      @CASumitSharma I wanted to fill ITR from you for present year.how I can reach you

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      We will be happy to Provide you our professional services
      8875042000 (Call & WhatsApp)
      8875242000 (Calling)
      9694842000 (Calling)
      casharma12@gmail.com

  • @vrujlalramolia7416
    @vrujlalramolia7416 2 місяці тому

    How much profit is non taxable on short term capital gain?

  • @nikhilmalhotra673
    @nikhilmalhotra673 2 місяці тому

    Hello Sir
    Kindly clarify that, In new tax regime, as per finance bill 2024
    Under deduction Section 80CCD
    80CCD (1) - Employers contribution of 10% rebate is available while calculating the taxable income of an employee or not?, if yes then please share the relevant proof but if not then why as it is not a component of cash in hand so how can it be taxable ?
    Since 80CCD (2) - Employee contribution of 14% is under deduction.
    Kindly please clarify regarding 80CCD (1) rebate.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Under the new tax regime, as per the Finance Bill 2024, certain deductions and exemptions, including those available under Section 80C to 80U, are generally not allowed. However, there are a few exceptions.
      Clarification on Section 80CCD:
      1. Section 80CCD(1) - This section provides a deduction for an employee's own contribution to the National Pension Scheme (NPS). Under the new tax regime, this deduction is not allowed. This means that an employee cannot claim a rebate for their contribution under Section 80CCD(1) while calculating taxable income if they opt for the new tax regime.
      2. Section 80CCD(2) - This section allows a deduction for the employer's contribution to an employee's NPS account. The employer's contribution is deductible up to 10% of the employee's salary (14% for central government employees). The good news is that under the new tax regime, this deduction is allowed and can be claimed while calculating taxable income.
      Why is Section 80CCD(1) Not Deductible in the New Regime?
      The new tax regime was introduced to simplify the tax structure with lower tax rates but without most exemptions and deductions that are available under the old tax regime. The goal is to reduce the complexity involved in tax filings. Since Section 80CCD(1) is an employee's contribution (part of the salary package), it is considered part of the cash component an individual receives, even though it is invested in the NPS.
      The employer's contribution under Section 80CCD(2) is not considered part of the employee's taxable income as cash in hand but is an additional benefit provided by the employer, which is why it is allowed as a deduction even under the new tax regime.
      Proof and Sources:
      The relevant proof of this can be found in the Income Tax Act, updated with the provisions of the Finance Bill 2024, which specifies the conditions under the new tax regime. The Central Board of Direct Taxes (CBDT) notifications and official government circulars outline the exemptions allowed under the new tax regime, including the allowance for Section 80CCD(2) and the exclusion of Section 80CCD(1).
      You may refer to:
      The Finance Act, 2024.
      Government and CBDT circulars for detailed provisions regarding deductions under the new tax regime.

  • @raghavendranargund8452
    @raghavendranargund8452 2 місяці тому

    I am 85 years old Bank is deducting 10% tds on interest.Whether Bank is in order in doing so.pl guide.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Yes
      If interest cross 50,000 annually
      But you can give firm 15H if your income below 5 lakhs
      Or you can take refund after filing ITR after year end

  • @devindersingh2634
    @devindersingh2634 Місяць тому

    In whole service employees had paid the taxes and income taxes

  • @basirbhaikothiya8410
    @basirbhaikothiya8410 2 місяці тому +1

    Sir stcg 3.50 lakh air Ltcg 90 hajar hai to kitna tex bharna pad sakta haie

  • @renukahardasani6149
    @renukahardasani6149 29 днів тому

    I expect LTCG OF 50 LACS OR MORE. I AM 70 ARS OLD. OTHER PENSION SAVIG BANK INTREST. I AM FILING ITR 3 DUE TO DAY TRADING INCOME.. PLEASE TELL ME, WHERHER I HAVE TO AUDIT IF LONG TERM GAIN IS MORE. UPTO WHAT PROFIT LIMIT OF LIMIT AUDIT IS REQUIRED OR NOT REQUIRED

  • @dileepkaul6773
    @dileepkaul6773 2 дні тому

    Capital gains on sale of property may please be clear of sr. Citizen

  • @prabhakarkerkar5574
    @prabhakarkerkar5574 Місяць тому

    What about interest income on fixed deposit for senior citizen

    • @CASumitSharma
      @CASumitSharma  Місяць тому

      Taxable as per slab rates
      80ttb 50000 deduction in old tax regime

  • @ashokbhatia9586
    @ashokbhatia9586 2 місяці тому

    What about STCG tax charged for A.Y. 2024-25 ? This was not applicable.

  • @ashoktotre577
    @ashoktotre577 2 місяці тому

    It must be flashing daily news paper hence every Sr citizen

  • @shankaragrawal2675
    @shankaragrawal2675 2 місяці тому

    Section 10 (14 ) 1 & 10 ( 14 ) 2 me rebat on salary pe kitne percentage k hisab se calculation hota h so please define.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +1

      Section 10(14) of the Income Tax Act provides exemptions related to specific allowances that are given to salaried individuals. It includes:
      1. Section 10(14)(i): This provides an exemption for house rent allowance (HRA) received by an employee, but the exemption is limited to the lowest of the following:
      Actual HRA received by the employee.
      Rent paid over 10% of the salary (basic + dearness allowance).
      50% of salary if the employee is residing in a metro city (Delhi, Mumbai, Kolkata, Chennai) or 40% of salary for non-metro cities.
      2. Section 10(14)(ii): This allows for exemption of other allowances given to an employee for traveling, conveyance, children's education, medical expenses, etc., subject to the limits prescribed by the employer, but only if the allowances are actually spent for the designated purpose.
      For calculation, the exemption is based on actual expenditure incurred, and it is not a percentage-based deduction, but rather the amount spent for the intended purpose within the limit.
      To summarize:
      For HRA, the exemption depends on rent paid and city of residence.
      For other allowances, exemption is based on actual expenditure and purpose.

  • @rakeshparmar259
    @rakeshparmar259 2 місяці тому +1

    Dusri countries main senior citizens ko benefits diye jate hain. Yahan unhe bhi nichoda jata hai. In netaon ki 5 saal ke baad he pension. Shane on all politicians of this country.

  • @PremMishra-f3r
    @PremMishra-f3r 2 місяці тому

    नए टैक्स regime में बैंक ब्याज पर क्या मिलता है।

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      No deduction of section 80TTA 80TTB Available

  • @bhaskarbhattacharjee5721
    @bhaskarbhattacharjee5721 2 місяці тому

    If the income is from capital gains then will i get rebate upto 7000000

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      No
      Then after 3 lakh
      LTCG 12.5% after 125000 rebate
      STCG 20 %
      And rebate of rs 25000 is available again FD pension and other income

    • @bidyutkumarbanerjee8410
      @bidyutkumarbanerjee8410 2 місяці тому

      No

    • @shyamalkantichaudhury8331
      @shyamalkantichaudhury8331 2 місяці тому

      You are an wealthy person. Have contact with Mukesh Ambani.

  • @jyothipillai8284
    @jyothipillai8284 2 місяці тому

    I am 8o years old I can't link my pan card aadharcard So they are deducting tax, my yearly pension only below 7,oooo.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      So sad
      Only option to link your pan with aadhar

  • @anisfatima4900
    @anisfatima4900 2 місяці тому

    Pl 37400x12 per pensioner ko kitna tax. Dena hai jawab zaroor dey

  • @urmilamahapatra7791
    @urmilamahapatra7791 2 місяці тому

    Govt. doesn’t money to be kept on public hand.
    This is the whole calture of every govt.

  • @NaveenKumar-oe2xp
    @NaveenKumar-oe2xp 2 місяці тому

    Sir, ITR2 yet not procesed file july 3rd so what to do in case

  • @KeshavAcademy96
    @KeshavAcademy96 2 місяці тому

    Itr abhi mai senior citizens ka bharta hu to 1000 pay kea liyea bolta hai kaya krea

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +1

      3 lakh se jyada income hai to 1000 late fees lagegi

    • @KeshavAcademy96
      @KeshavAcademy96 2 місяці тому

      @CASumitSharma sir seniors citizens ka v

  • @harenraval51
    @harenraval51 2 місяці тому +6

    There is no catagory 😢sr.citizen New taxre😅gim

  • @kausarh5377
    @kausarh5377 2 місяці тому

    Sir short term main share market main 65 thousands profit book karne par tax lage ga. Please help. Batye please.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      Other income or ye Mila k 3 lakh se jyada hai to lagega otherwise not

  • @Mrjai1992
    @Mrjai1992 2 місяці тому +1

    Crypto ka itr kiase bhare please make a video.

  • @gd-rr4gk
    @gd-rr4gk 2 місяці тому

    what spl benefit for age over 75 yrs,please clarify.

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      ua-cam.com/video/977F0qFhkN8/v-deo.html

  • @AnilGupta-v7t
    @AnilGupta-v7t 2 місяці тому +1

    Yea rely income from rent 32 lakh approx tax se relief kaisey miley home loan instalment pay 13 lakh pay karta hun per year

    • @CASumitSharma
      @CASumitSharma  2 місяці тому +1

      If home loan taken
      And let our property you can take rebate of interest paid..

  • @lifeokfuelstation9740
    @lifeokfuelstation9740 2 місяці тому +1

    All, PM, FM, DFS, SUPREME COURT, HIGH COURTS , IBA, UFBU, BANK MANAGEMENTS, AND RETIREES UNIONS are helpless and against retirees.. Retirees should declare DO OR DIE STEPS .

  • @SRKSHASTRY
    @SRKSHASTRY 20 днів тому

    Popcorn Rule 😊!
    Municipality ka hoga ...
    .... toh 18.65% 😊!
    State Govt ka hoga ...
    .... toh 12.84% 😊!
    Central Govt ka hoga ...
    .... toh 5.93% 😊!
    BAS ... AANKADE KHOJATE RAHIYE ... "3-5 TON WAALE
    ECONOMY KE 😂😂😂!

  • @khavinderkumar8306
    @khavinderkumar8306 2 місяці тому

    26 as check karne ke steps batayen ...

    • @CASumitSharma
      @CASumitSharma  2 місяці тому

      ua-cam.com/video/Agu0t7R4Z74/v-deo.html

  • @narasimhamurthydabir655
    @narasimhamurthydabir655 29 днів тому

    What about agriculture income

    • @CASumitSharma
      @CASumitSharma  23 дні тому

      Only agriculture income is tax free without any limit