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New vs Old Tax Regime Which is Better? | Income Tax Calculation Examples [Hindi]
New vs Old Tax Regime Which is Better | Income Tax Calculation Examples using Calculator in Hindi
In this video by FinCalC TV we will see New tax regime vs old tax regime which is better for you with income tax calculation examples using calculator in hindi. New tax regime is better when you do not make any investments. Old tax regime is better when you want to claim deductions to save income tax. We will also see how to save income tax with old tax regime calculation.
Income Tax Calculator:
fincalc-blog.in/income-tax-calculator/
Save Income Tax Video:
czcams.com/video/KscdSx9Cvfg/video.html
Tax Rebate 87A Video:
czcams.com/video/AxcNywrn8AQ/video.html
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After watching this video following queries will be solved:
Old tax regime vs new tax regime which is better?
How To Calculate Income Tax FY 2024-25 AY 2024-25?
What is standard deduction for FY 2024-25?
Old Slab rates vs new slab rates?
Income Tax calculation FY 2024-25 using excel examples?
Tax rebate under section 87A?
What is tax rebate u/s 87a
Eligibility for tax rebate 87a
Old income tax slab rates calculation vs new income tax slab rates calculation
New Budget 2024 income tax
standard deduction new tax regime
old tax regime vs new tax regime calculator excel
NEW TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 3 lacs
- 5% Tax on Income between Rs. 3 lacs to Rs. 6 lacs
- 10% Tax on Income between Rs. 6 lacs to Rs. 9 lacs
- 15% Tax on Income between Rs. 9 lacs to Rs. 12 lacs
- 20% Tax on Income between Rs. 11 lacs to Rs. 15 lacs
- 30% Tax on Income above Rs. 15 lacs
OLD TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
- 5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
- 20% Tax on Income between Rs. 5 lacs to Rs. 10 lacs
- 30% Tax on Income above Rs. 10 lacs
EXAMPLES:
Let's say your gross total income as Rs. 6,15,000
Let's say your total investments as Rs. 75,000. So your net taxable income becomes equal to Rs. 6,15,000 minus Rs. 75,000, which is equal to Rs. 5,40,000. These Deductions are applicable only if you are using Old Tax slab rates. Your net taxable income when considering New Tax slab rates remains Rs. 6,15,000, as no deductions are applied on your total income.
Now to calculate your income tax, if you are an employee or pensioner, you get a standard deduction of Rs. 50,000 only if you are using old tax slab rates.
So your net taxable income becomes equal to Rs. 4,90,000 if you are using Old Tax Slab Rates. But it remains as Rs. 6,15,000 based on new Tax Slab rates.
WATCH FULL VIDEO TO KNOW MORE ABOUT NEW INCOME TAX SLAB RATES AND MORE EXAMPLES.
#IncomeTax #NewVsOldTaxRegime #IncomeTaxCalculation #fincalc
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MORE VIDEOS:
SIP Returns Calculation: czcams.com/video/dBSorr6FGyA/video.html
Income Tax Calculator: czcams.com/video/4MNnk4NFRuw/video.html
Loan EMI Calculator: czcams.com/video/FSbYoHAULh0/video.html
Loan EMI Prepayment Calculator: czcams.com/video/liGgfgMn5xg/video.html
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The CZcams Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.
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Komentáře

  • @amitabhbaruah4817
    @amitabhbaruah4817 Před 8 hodinami

    Didn't understand the SIP thing.

  • @amitabhbaruah4817
    @amitabhbaruah4817 Před 8 hodinami

    I am having loan of Rs 16 lakh for 15 years.opting for partpayment.

  • @rupeshghorpade1977
    @rupeshghorpade1977 Před 9 hodinami

    Very good explanation.

  • @TvVu-de9wy
    @TvVu-de9wy Před 11 hodinami

    Appreciating your hardwork & Thanks alot for creating a wonderful home loan calculator this helped us alot in calculating EMi. Can you also please create a calculator on a real scenario that whenever bank increases the rate of interest, tenure and EMI both increasing. Many users want to understand that as well and it will help them alot in calculation. Thanks again Expecting it from as soon as possible.

  • @rambabu-ud6sy
    @rambabu-ud6sy Před 11 hodinami

    Sir, अभी हमको FY 2023-2024 का income tax return भरना होगा, उसके लिए video बना दीजियेगा, जिससे की वो अभी काम आ जाए,

  • @rishibasu05
    @rishibasu05 Před 16 hodinami

    very easy to understand and i was able to do the calculations quite easily . Only one thing that you may want to add - most bank add a charge if you want to pre-pay loan in the first 24 months of loan tenure, around 5% of the outstanding principal at the time of pre-payment. That amount should be taken into consideration as then the total savings at the end is reduced. But still one still gets the benefit of decreased tenor and some savings definitely.

  • @Focusonself
    @Focusonself Před 18 hodinami

    Sir kam income leke ek video banaiye, itna salary to bahut kam logon ka he , kya faida ??

  • @PANKAJSHAH-nn8rb
    @PANKAJSHAH-nn8rb Před 18 hodinami

    I have retired in Sept-23 ,what will be my identity i .e pensioner or regular employee.

  • @smitasharma49
    @smitasharma49 Před dnem

    My dad pension is 55,000 thousnd per month,will he need to pay income tax?pls response

  • @WasimFarooq-zh5iz
    @WasimFarooq-zh5iz Před dnem

    5 lakh agriculture+ non Agricultural ? Ya bas agriculture Please tell

  • @santhoshsankar657
    @santhoshsankar657 Před dnem

    Hi, Can you please provide car loan floating interest calculator excel to download.

  • @farhank90
    @farhank90 Před 2 dny

    Hi, can we change from Old regime to New regime before filing ITR? OR need to wait for next financial?

  • @RAJAMAD_FF
    @RAJAMAD_FF Před 2 dny

    24000 ka 1 saal me mushkil se 6 percent de rha hai bekar hai🤥

  • @tarunsoneja386
    @tarunsoneja386 Před 2 dny

    Like u created for prepayment

  • @tarunsoneja386
    @tarunsoneja386 Před 2 dny

    Have u created a calculator for construction linked plan where principal amount increases from time to time for home loan ??

  • @vftjobguru5438
    @vftjobguru5438 Před 2 dny

    Number do sir

  • @pradeeptachhotray1137

    Great discussion, Prepayment or SIP, which is better?

    • @fincalc
      @fincalc Před 2 dny

      For closing loan faster than prepayment is better.. and if you want to accumulate wealth than sip for long term is better.. so it depends on these financial goals

  • @balasubramanianarumugam9231

    Sir, video is very nice. I have a query. Is sec 80TTB (deposit intrest for senior citizens rs.50000) allowed in deduction in New tax regime.

  • @madhwasavadi9043
    @madhwasavadi9043 Před 2 dny

    Is there any simple way to know about tax liability on the withdrawn amount. Pl let us know

  • @Harish-ij4im
    @Harish-ij4im Před 2 dny

    Mera portfolio total 18000 Rs ka hai: Icici pru bluechip: 2500 Uti nifty 200 momentum 30 index: 1500 Quant large and midcap: 2500 Motilal oswal midcap: 2500 Kotak emerging midcap: 2000 Parag parikh flexicap: 2500 Nippon smallcap: 2500 Tata smallcap: 2000 Aur market cap allocation Large cap 55.33% Midcap 30.36% Small cap 14.31% Show kr rha hai... Small cap me maine total 4500 invest kiya hai jo ki total 18000 ka 25% hai aur flexicap ka bhi kuch portion small cap hota hai fir market cap mein small cap sirf 14.31% kyo show kr rha hai.. Please ise smjahaiye🙏🙏

  • @kvlalani
    @kvlalani Před 2 dny

    Good information....pls share the excel sheet

  • @komalk5884
    @komalk5884 Před 2 dny

    Sip main फस गए तो जिंदगी खराब

  • @atharvakadam-yj5fv
    @atharvakadam-yj5fv Před 3 dny

    But bother how to invest for app or bank 🏧

  • @omparkashtetravaloma6902

    Nj E Wealth Me mutual fund kese kre

  • @omparkashtetravaloma6902

    Yah site nahi chal Rahi hai Me Nj e Wealth par sip kru to

  • @KITCHENDPOST
    @KITCHENDPOST Před 3 dny

    Kuch toh galat hai isme

  • @simmyamar6623
    @simmyamar6623 Před 3 dny

    Hlo sir modern house installation loan is eligible as a home loans and can we take benefit ?

  • @simmyamar6623
    @simmyamar6623 Před 3 dny

    Sir meri 10 lakh tk salary hai ...but Mera pass sirf LIC and HRA he claim ho Raha hai ...mai tax nil kaise kru...tax liability 50000 approx bn Raha hai ....plz help.

  • @hasanshaikh6430
    @hasanshaikh6430 Před 3 dny

    250 full cover interest kitna hoga

  • @omparkashtetravaloma6902

    Hmari sip me kesa ritan mil Raha hai ya kesi chal Rahi hai ye esi website par sab dekha sakte hai ya

  • @bhaskarreddy2678
    @bhaskarreddy2678 Před 3 dny

    Thank you

  • @sourabharya3191
    @sourabharya3191 Před 4 dny

    Boss you are too Good....This is 3 time am using your excel calculators. Amazing, Keep it up.

    • @fincalc
      @fincalc Před 3 dny

      Thank you so much 😊 Share with your friends

  • @ashishwaghmare4
    @ashishwaghmare4 Před 4 dny

    Best video

  • @omparkashtetravaloma6902

    सुरू करने के बाद हम किस ऐप पर देखेंगे की कितना इन्वेस्ट हो रहा हैं।

  • @subhenduhazra345
    @subhenduhazra345 Před 4 dny

    New subscriber to your channel sir

  • @subhenduhazra345
    @subhenduhazra345 Před 4 dny

    Thanks sir

  • @NavatKayA
    @NavatKayA Před 4 dny

    Sir, mera NPS 84k cut hota hai yearly to usmese 50k 80ccd(1B) aur baki ka 34k 80c me distribute kar sakta hu kya mai !?

  • @manishparjapat0591
    @manishparjapat0591 Před 5 dny

    900 mere like krte hi ho gyee 😊😊

  • @ranjeetverma708
    @ranjeetverma708 Před 5 dny

    1250000. Ka loan 25 year 8.6 interest Excel ka video banayo sir with prepayment

  • @sanjaybindal8766
    @sanjaybindal8766 Před 5 dny

    What's period of lock

  • @puran623
    @puran623 Před 5 dny

    क्या इस स्कीम में पैसा डूब भी जाता है क्या पैसा बिलकुल जीरो हो जाएगा क्योंकि कई बार शेयर मार्केट में ऐसा ही होता है कृपया बताएं

  • @harisinghbarhath3344

    शानदार प्रस्तुति

  • @premchhappesh9841
    @premchhappesh9841 Před 6 dny

    Very nice explain.

    • @fincalc
      @fincalc Před 3 dny

      Glad it was helpful!

  • @dipankarghosh5694
    @dipankarghosh5694 Před 6 dny

    Har mahine 100 rupiya invest 10 salke liye kaha koru sir please 🥺🥺 bataye

  • @keyurradadiya0076
    @keyurradadiya0076 Před 6 dny

    Home Loan Me EMI choti rakhne ke baad baki ka pesa prepayment me dale to jaldi khatam ho sakti hai?? Iska regular emi payment karne ke bajaye iss તરીકે se jyada bhar sakte hai kyu ki prepayment sidha mul dhan se katatata hai agar me 25,000 ke bajaye 15000 ki emi rakhu or baki ka 10,000 bachake 12 mahine me sidha prepayment karu pira ka pura to mul dhan jaldi kam hoga ispe ray de apki home loan pe.....

  • @muralikrishnansiddharaj1342

    Great work.. I tried downloading it by filling the form, but haven't received yet in mail. By the way, can u plz share the calculation with reducing EMI, too?

  • @user-ck2lu2dh8g
    @user-ck2lu2dh8g Před 6 dny

    2000 invest karna hai for 5 year which is best

  • @rajendrasurana9190
    @rajendrasurana9190 Před 6 dny

    sir , my business income is 350017 and long term capital gain income is 357233. please calcutate tax in new regiem.

  • @kalipadabarman6138
    @kalipadabarman6138 Před 6 dny

    SENER CITIZEN KETNA AGE

  • @TrueWordLov
    @TrueWordLov Před 6 dny

    बच्चे के नाम से ppf a/c खोल सकते हैं..??