Income Tax Calculation between ₹3 Lakh to ₹20 Lakh | ZERO Tax up to 9 Lakh Income [Hindi]
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- čas přidán 1. 06. 2024
- Income Tax Calculation between ₹3 Lakh to ₹20 Lakh | ZERO Income Tax up to 11 Lakh Income
In this video by FinCalC TV we will see Income Tax Calculation examples 2023-24 with old and new tax regime considering deductions and investment options in hindi. We will also see how you have to pay ZERO Income Tax with Tax Rebate 87A using old and new tax regime slab rates 2023-24 in hindi.
This video also covers what is tax rebate 87A along with relief in income tax and income tax calculation examples. We will also see income tax calculator.
Income Tax Calculator Online:
fincalc-blog.in/income-tax-ca...
Income Tax Slabs 2023-24:
fincalc-blog.in/old-vs-new-ta...
New Tax Regime Deductions Allowed:
fincalc-blog.in/new-tax-slabs...
DOWNLOAD Income Tax Calculator App on Mobile:
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JOIN Telegram Group:
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CHAPTERS:
00:00 Income Tax Calculation Examples Intro
00:56 Deductions considered to Save Income Tax
03:22 ZERO Tax with Tax Rebate under Section 87A
04:26 Using FinCalC Income Tax Calculator
05:35 Income Tax on Rs. 3 Lakh Income
06:40 Income Tax on Rs. 4 Lakh Income
07:00 Income Tax Calculation on other Incomes
13:52 Conclusion
HRA Calculation Video:
• HRA Calculation in Inc...
Tax Saving options with Old Tax Regime:
• SAVE Income Tax using ...
New vs Old Tax Regime Which is Better:
• New Tax Regime vs Old ...
Section 80C Deductions List:
• Section 80C Deductions...
After watching this video following queries will be solved:
How To Calculate Income Tax FY 2023-24 AY 2024-25?
What are the income tax slab rates for FY 2023-24?
What is standard deduction for FY 2023-24?
Old Slab rates vs new slab rates?
Income Tax calculation FY 2023-24 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
standard deduction new tax regime
New tax regime vs old tax regime which is better
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 #Examples #FY2023-24 #IncomeTaxCalculation #FinCalCTV
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
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Income Tax Calculation Video kaisa laga? COMMENT KARO 👇👇
Income Tax Calculator Online:
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बहुत ही सुन्दर वीडियो लगा आपका कितने सरल भाषा में आपने समझा दिया.. बहुत बहुत धन्यवाद 🙏🙏
Kindly advise tax liability for following case in nee tax regime with benefit under section 87A.
Age 73 years
Pension : Rs.1.5 lakh
NCD interest :Rs.4.25 lakhs
LTCG equity MF: Rs.1.5 lakh
Total income Rs.7.25 lakh
OMG you're AMAZING! No one has ever explained tax like this before. Glad I stumbled upon your channel.
Bro, bahot zabadast video banaya aapne... Thanks for all the calculator u put! Awesome work... keep it going. Luv ur channel! Ekdum sahi data mention kiya...
सर खुप छान माहिती आहे मी नव्याने लेखा विभागात काम करीत आहे मला आपल्या माहितीचा खुप फायदा होत आहे , धन्यवाद सर
@fincalc : compensation amount for example for divorce settlement ke upar income tax bharana hota hai kya ?
But our Accountant has said there will be no deduction under New Regime, if salary is within 7.5lakh to 8.5 lakh. Talking about private school teacher, age 57 yrs.
Hello, will tax applicable if I opt new regime for approx 7.5 L ?
Nice explain
Very nice
Mera current account pe 4 crore 20 lakh transaction he 2023-2024 FY, tax amount ki hoga?
80ccd(2) ko kaise calculate kre kaise tax rebate le plc btaye NPS employer hand
Sir agar NCS m agar m 2024 February m 1 lac fd karva du to kya 2023-2024 tax m rebate milega ye ye 2024 -2025m count hoga
Bhai please make a video on ITR filling for a coaching teacher
So nice Bro
Bro in MNC I selected for 8 lpa.is it ok .shall I take 7.9 lpa to avoid tax which is best bro?
New tax regime m royalty per deduction milega ya.nahi
Whether income tax has to be paid on interest accrued more than Rs2.00 lacs though total income is less Rs7.00 lacs under new tax regime for house wife.
sir income tax kaese file kre uspe video banaiye😊
Pensions ke lie tax ke bare vedio banao please.
magnificent👌
Sir
Aapne incm tax calculator app me 80ccd 2 add kyu nah ikia???????😢😢😢😢😢
Excellent guid
Glad you liked it
Hra rebate krne me koi document toh ni.produce krna padega bad me agar 50000 eligible hota hai rebate
For pensioners no HRA is given. For rental paid can pensioners get rebate?
80U and 80 DDB both deduction s ,can Senior citizen claim?
Bhai 30 lakh pe kitna hoga new tax regime par
Sir,u/c 80ccd 2 me government employees k liye basic +Da ka 14% ka maximum kitna deduction milta hai????
No limit
Sir, Namaste. Saving account interest deduction ₹ 10,000 applicable on new tax resim ? Waiting for kind reply. Thanks.
no, only in old tax regime
Crypto Tax saving video please 🙏
Old or new pension kab kab select kar sakte hai
Share trader with no other income, no claimable deduction. Only stcg and ltcg .
Clear the scenario pls
👍
Sir please clarify for a salaried person in new regime whether one can not deduct professional tax from gross income
No
Interest on FD exemption of Rs 50000 for senior citizens is also available. Please mention the section of IT Rule 1961.
I guess it's available in both
Interest on housing loan upto 2 lakhs exemption is not considered
not everybody has a home loan deduction component that's why not considered, but it can be considered during your IT calculations
Bhai mere salary account me 2 lakh ka credit hota he for paying credit card bill to wo taxable he?
hota to hai but ignore it
Hi Bhai.. If opted for new tax regime if package is 5.5 lac will tax get deducted
no
Sir exal seet bhejo na
From which month to which month income is calculated sir...pls make video
Also for business people
income from April month to march month of next year is considered, which is termed as financial year, example - April 2023 to March 2024 is called FY 2023-24
Sir NPS contribution bale government employee New tax resime2023--2024(Ay 2024--2025).what is the deduction for NPS contribution?
only employer contribution if contribution is shown in gross
11 lakh tk ki income pe tax zero kse kre
Hra calculation 100000 meh sirf 35000 claim. Hoga bro
Sir
HRA calculator wala video dekho
Basic + DA , Rent metro city inpe depend krta h , Jo v 3 condition me kam hoga wo rebate hoga
18 लाख उत्पन्न आहे इन्कम टॅक्स किती
Kato kame tax lagche setai dekhan
Sir if my annual Income is above 2.5 lakh than I need to pay tax ?
As mentioned in video, you don't have to pay till 5.5 lakh under old regime and till 7 lakh under new regime
सुपर सीनियर सिटीजंस को 5 लाख तक कोई टैक्स नहीं देना है इस तत्व को ऊपर के वीडियो में ध्यान नहीं किया गया है
Hame Puri janjare dedo taki hum online pura 16 bhar sake
अगर में इस वर्ष मेरी incom 7 लाख से कम है तो में न्यू टैक्स रेजियम लेती हूं और next year अगर में फिर से old tex लेना चाहू तो ले सकती हूं क्या
Ha le sakti ho
Your calculation is wrong.. I save 1.5l on 80c and has tax.. but you mentioned no tax.. on 7LPA..
বিনিয়োগ করে আজ আয়কর বাঁচবে কিন্তু কাল? "ডবল ডবল" আয়কর দিতেই হবে। কমিশনের জন্য অনেকেই নানা মতলব দেবে। তবে সাবধান।
मेरी इनकम नौ लाख है कितना टैक्स लगेगा
Can't you give captions in English?
will do it
मेरा टोटल इंकम 917000 के आसपास है, मुझे कितना इंकम टैक्स देना पड़ेगा।
Bhai reply bhi nahi dete sahi question ka
1100000,tax?
Totally wrong assumption. Everybody will not be eligible for HRA deduction of Rs 1 lakh.
All are eligible..no body will come to check how much rent you paying for anything..cause rent is given by cash so all can claim it
Please send me 10 e excel
F y 2023 24
Number do sir