Old vs New Tax regime with calculations | Calculate Income tax for 2024
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- čas přidán 5. 08. 2024
- #accountsadvice #todiyapatel
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Old Tax Regime:
Offers numerous deductions and exemptions (e.g., HRA, 80C, 80D).
Suitable for taxpayers with significant investments and savings.
More complex with detailed documentation and planning required.
Lower tax slabs but potential for substantial tax savings with proper planning.
New Tax Regime:
Provides lower tax rates with no deductions or exemptions.
Simpler and easier for taxpayers with fewer investments.
Beneficial for those without significant investments or tax-saving expenses.
Encourages straightforward tax filing with fewer documents needed.
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
Time stamp:-
0:00 Introduction
0:43 Excel bundle tool
1:12 Old Vs new Tax regime
3:34 Tax slab 5L &7L salary
7:17 Odin school course
8:17 Tax slab 15L salary
12:15 Tax calculator
13:49 Deduction and exemption
17:59 HRA calculations
20:09 Tax calculator
23:16 Tips for Tax deductions
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Mam koi aisa trick h jis me ye kr pau ki kisi v purchase order k against dubara same material ni billing ho plz plz plz
Thanks Mam for making tax detail video and its very helpful for me yr are really best teacher 👍
Thanks a lot for making this extremely informative and crucial video
Pls mam tallyprim 4.1ki ek full video with GST TDS and tcs return process ke sath banao or balance sheet finalise kaise krte hai
Shandaar
awsome information
Thanks
👌👌 Thank You Mam
Thanks a lot ma'am. Highly benefited from your videos.
It's my pleasure
Thanks a lot ma'am, it's quite informative.
Most welcome 😊
Thanks mam most important video
Most welcome 😊
Thank you so much .
You're most welcome
good
Very good ma'am🎉
Thanks a lot
When was currently running old tax regime was introduced? Point of asking this question is that if it is 20 years old and still running then government should reform the tax scheme considering rate of inflation and due to which Public and Pvt. both sectors have raise salaries of their employees. Is not it?
Thank you for this informative video mam ❤
My pleasure 😊
Hlo@@AccountsAdvice
Please clarify whether relief under section 89(1) is admissible under the New Regime. Thanks.
Thanks mam to provide tax/hra calculator.
Kha hai calculator
Medamji,
मैंने FY23-24 का ITR2 4.7.24 को old regime में फाइल किया है और
1) क्या 31जुलाई24 के बाद उसको revise करने पर पेनाल्टी लगेगी?
2) क्या 31.7.24 के बाद उसको old regime में ही revise कर सकते है?
I have a question mam .. agr by chance hamari salary new ya old tax regime k according jyda h means old m hame tax rebate 12500 ka tha soo agr hamari salary by chance 7L h old k according toh hame tax rebate deduct krna h ya nhi . Same in new tax regime. Agr hamari salary by chance 10L h toh hame 25000 ka tax rebate deduct krna h ya nhi
Didi Tally me CLOSING STOCK aur NET AVAILABLE me difference kya h,plzz answer
mama plzz make a video of how to calculate tds late r penalty amount??
love fr Assam. mam please make a complete gst accounting in one hour video. Tnx.
Already uploaded, please check the playlist
what is difference between as per Company Group and specific detail in here ? Please clear 🙏
My grandfather is 82 years old and was receiving a pension of Rs. 30,000 per month. This year, after being automatically switched to the new tax regime, a TDS of 20% is being deducted every month due to the absence of a PAN card. If we cannot switch back to the old tax regime by July 31, will this TDS be refunded next year?
( उनका Pan card भी नहीं बना था अभी apply किया है)
Please guide us what to do...
Dear Mam,
TDS ke All section kis par kitna Tax h Contract,professional fees, interest other then security, winning from game, commission or brokerage, rent on building, insourance commission, Rate percentage exemption / threshold limit A to Z full detail video bna do chahe video Long hi kyu na ho
Bhai description me free h TDS chart download krle
Mam arts students be kya accountant ban sakte hai kya future salary growth hoghi kya
Ma'am income tax ka bhi full course lekr aaiye 🙏🙏
Madam please do the share market courses in full detailed
I am working as a train driver in Railway. In old tax regime i get deduction of running allowance to the extent of 70% of such allowance subject to maximum of rs 10000/ per month under section 10(14). If I opt new tax regime will this deduction be available in new tax regime also? Please clarify.
Yes it is available under new tax regime
❤ ThankYouVeryMuch!🎉 Myself want to EFilings ITR July 2024! Can You Kindly Advice, Guide, Suggest, Support, Help me out?
Ye deduction and exemption can be claimed in new tax regime also? And which exemptions and deduction can we claim in new tax regime also
we can not
80C, HRA, NSS, interest in Home Loan, Principal of HL repayment,PF deduction are eligible or not in Old regime.what about in new régime. Please explain madam.
In new tax regime deductions are not applicable. Explained in the video
Means aap payroll main job karte ho
Business k slab aki ha?
Itr full information pe videos banao mam
1:15
Total Tax payable= 2,47,500+ cess 4% add hoga na...?
tax amt pe hota he
Madam, How to calculate the GST in Excel sheet and how to file in GST portal.. please iska course chahiye..
banaya he pls visit youtube channel
tally prime pr job mil hi nhi Raha hai
Jai shree ram jai shree hanuman baba🚩🚩🌻🌻 🌹🌹
Mam hame bhi laga lo job p
Aap job krte ho
Mam how we get the excel calculator???
link in the description
@@AccountsAdvice Actually in description there is normal calculator but i want excel calculator which you used in your video for choosing old and new regime calculation.
Didi what about surcharge marginal relief casual income special income u/s LTCG112/LTCG112A STCG 111A
ma'am apki Whatsapp group pe kyese add honge ?
check description