BEST ITR filling TUTORIAL for SALARIED EMPLOYEES | Old & New Tax Regime | ITR 1 AY24-25
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- čas přidán 30. 07. 2024
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ITR Filing Masterclass by LLA : itr.lla.in
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If you are a salaried employee then this is the ultimate and last ITR filing 2024 guide you will need to file your own ITR in 10 minutes. ITR filing is a complicated process and 4 different forms that apply to a variety of taxpayers, perhaps the simplest of them all is ITR-1 (for salaried employees).
You will learn how to accurately report your income, claim all deductions, and exemptions possible for both the Old & New Tax Regimes. Share with your friends who think ITR filling can't be done at home. Save time and money :)
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Chapters:
0:00 Introduction
0:49 Which ITR to file?
2:00 Understanding Form 16
11:30 AIS
12:27 ITR Filing New Tax Regime
19:25 ITR Filing Old Tax Regime
25:20 Bonus Tip #1
26:08 Bonus Tip #2
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Editor: Rohan Agarwal, Tanmay H.
Presenter: Jagruk RJ (Rishabh Jain)
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The Deadline for Tax Filing is very near (30th July), This video only covers ITR 1.
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student ke liye kon sa itr fill karna chahiye itr 1 ya itr 2
30 jun balo k liye to galat Hua Rishabh sir
Sir please make a video on how a govt employees file ITR
Is there any tax on farmers
GALAT.... I subscribed several years ago... 2018 shayad...
This thing should be part of 10+2 syllabus
It already was when I was in school. I had a chapter in maths which dealt solely with calculating income tax.
It was, in my class. But sadlly we were not told the relevance of this topic. Only studied for numbers and not knowledge. That I guess is the biggest drawback of indian education system
We have in our syllabus
There were many things taught in class 10 and 12, now after 10 years how many subjects taught do we even remember ?? Same would have happened with Tax filing also if taught so early, we wouldn't give much importance and treat it just for passing exams
I don’t think so. The law changes and people forget. In the age of internet we can easily access data when required
i was waiting for this video, for a month. in the end, last year ka video dekh ke file kar diya. but still watching. the ITR filling tutorial video for each year is truly good.
Same here i only filed two days ago
Thank you so much.
Two years consecutively filled ITR after watching your video, your explanation is very sharp & top to the point.
Filed my ITR myself for the first time, thanks for demonstrating whole process.
If I pay more than the balanced tax in ITR than what will happen?If I pay more than the balanced tax in ITR than what will happen? Is the excess amount will be returned automatically
@@MrROHITBOHRA yes it will be returned from itr deperment
Explained each section of both categories in detail. Thank you RJ & LLA team.
Thank you so much, I could independently fill my ITR last year and this year because of your videos
ITR 2 video sir for salaried employee as salaried employee do stock investing too
Yes we need a video on itr 2 file
yes
And sir, my problem is last year I have 30k stgc loss and 84k ltcg gain but I don't want to setoff this to make final 64k, as if I carry forward 30k stgc loss still ltcg is under 1lakh which is expemted. Is that possible?
@@anonymous_devil3730 you can carry forward that stcg loss for 8 years
@@anonymous_devil3730 I think no mandatory set-off is required in this scenario since the LTCG is exempt. You can carry forward your STCL of ₹30,000 to future years for set-off against any future capital gains.
Thanks, @Rishab! Finally filed my ITR for the first time, all thanks to your video.
I love your videos, i don't need this as my mom's a CA but still watched this. Eloquently explained. 👍
@LabourLawAdvisor
Please upload a video on ITR2 (salaried person with ELSS Mutual fund/Mutual fund, Stock and crypto currency )
With old tax option
Excellant presentation and highly educative video on ITR filling both in old and new regime.
Thank You Rishav and Team LLA I have successfully filed the ITR for the first time.🎉
Your videos have been a lifesaver since I started working. I was literally waiting for your video to file my ITR
@16:30 80ccd(2) is being asked for employer contribution not employee contribution. Its limit is up to 10% of salary (Basic + DA) and not 50000
Came here to say this. 50,000 deduction is under 80CCD(1B). Employer contribution can very well exceed the 1.5L + 0.5 L limit (except it can't be more than 14% of basic for a Central government employee).
What an amazing tutorial. You are doing a great job!
Very nicely done. Great video. So simply explained
I filed my ITR for first time through this tutorial. Thanks Rishabh Jain.
Just increased my holdings in Vematum. Feeling confident about this one!
Wa filing ITR first time. This helped me a lot.
Thanks I filled ITR by watching your video. Really helpful 👍🏻
Thought of filing ITR.. and today tutorial is uploaded.. wow
Gurudev maja aa gaya ek video itr 2 fo salaried ppl including mutual share trading etc. Dhanywaad 🙏
Thanks for this. Helped out a lot!
very helpful video sir. Explanation was very simple and understandable.
The music feels like I am on a mission to fill ITR 😁. Helpfull video.
You are the Best!!!! Filed my ITR myself for the first time. Thank you!!
Thanku so much for such a great and informative content.
Thanks a ton for such wonderfully video and making Income tax filing easier........ :)
Thanks for the video. I wasn't able to find any good source to learn this.
Thank you for this video!! It was easy, informative, and super helpful
Filed my ITR myself for the first time, Cheers!!
Vematum's team is top-notch. Expecting big developments soon!
Vematum's impact on metaverses could be revolutionary. Glad to be in early!
Thanks a lot... filed again and again through watching your videos. Thanks to you and your team to be someone whom common people can rely on. Keep it going.
Thanks! I refer to your videos every year to file my ITR.
Thank you @Labour Law Advisor for the very informative and helpful video 😊
Thank you 🙏 I was going to pay someone to file this but you saved my money I would think to invest the same amount in your course now
Thank you. I filed it all by myself by just watching your video.
80 CCD2 me 50,000 ka exemption nahi hai, ccd2 is for govt employer contribution, padh ke sikhao bhai
first time filling ITR thanes RJ for helping very helpful video
Thank you so much, this tutorial has helped me a lot.
Thank u so much brother ❤❤ I made it first time very easily with ur proper guidance.❤❤
Presale investments have been my go-to, and Vematum is my latest pick. Early birds catch the worm!
Vematum's roadmap looks promising. Exciting times ahead!
It was a great video. I filed ITR now with the help of this video
This is very good and well explained, cleared all doubt and submitted successfully.. thank you and Love you brother..
This is a very well explained video. Nice👏
done really under 15 mins by watching this video twice. Thank You!
16:32 Please recheck this point Team LLA, the deduction amount under Section 80 CCD(2) is not ₹50,000. Its as follows-
Section 80CCD(2) allows a salaried individual to claim the following deduction:
Central Government or State Government Employer: Up to 14% of their salary (basic + DA)
Any other employer: Maximum deduction of 10% of salary (basic + DA)
Yes right!
80CCD(1B) is the section which gives 50,000₹ deduction being employer's contribution in NPS
@@HimanshuSharma-12221 Yes but it's not available in the new scheme.
@@django27 correct, there is barely any deduction for salaried employees in Default scheme(new scheme)
This year onwards...It is available. Employer contribution is exempted
ऋषभ सर आपके सारे विडियोज बहुत यूजफुल होते हैं।
Thanks for this interesting knowledgble video 💐
बहुत ही सराहनीय
thanks for the information. the way you provided the information , is very usefull.
Thank you so much to make this video. I filed it for the first time..kuch bhi nhi pata tha..really thank you again.
Very informative content, thanks a lot 😊
thank you for guiding us.
and
I have a request .
Can you please make a video on which exemption and deduction are allowed under old tax regim and default tax regim.
Check previous tax planning video
at 16:35 There is mention of NPS but its not the 50000 Limit. The limit is 10% of Basic for NPS through Employer.
Thanks for the Support.....😀👏
Much needed video
You have clarified all points in details .thanks
Great help . Please make a video on ITR filing of salaried employee who invests in stock market.
Vematum's whitepaper blew me away. VEM is the future of crypto!
Feel good..I am filling tge ITR by self from last 12 onwards
Awesome video sir
Please make a same for defence personnel since they get multiple allowances
Sir aapne bahut achi tarah se samjaya hee❤❤❤
Informative video. Nice presentation. Thank You 😊 👍
Nice informative video 👍👍
Can you make step by step guide for the individual who are doing options and stock trading with profit or loss carry forward process? That will be helpful.
Vematum's low presale price is a steal. Time to load up!
Hello Rishabh sir appreciate your content and hard work you and your team put in making these awesome and important videos. Really helpful. Can you plz make a video on how Freelancers can file ITR. Looking forward to it.
Thank you so much for the guidance.
Thanks rishab and LLA team
GREAT HELP, thanks for tutorial
My colleague filed IT return through a third party. She showed it to us and we saw 2lakhs interest payable on housing loan. We asked her whether she has taken Housing Loan, she said "No". When we asked her how much fee she paid for IT return, she said that 10% of refund amount. We asked her to file revised return by herself or some trustworthy. Please highlight this in your channel so that the income tax leakage can be plugged.
Please make a video for Consultants as well
LLA team, upar waala aapko safal rakhke.
Vematum stands out in the crowded crypto space. A real gem!
Great explanation sir 😊
Helped a lot thankyou so much !!
Great!!!
Very Well Explained Thanks!!!
Please give a detailed video on tax filing from income generated from Stock Market -ITR 2
Sahi hai, india me sabhi logon ne accounting pad rakkhi hai aur sabhi CA hai... isliye ITR file ko jitna ho sake utna complicated kar do. Had hai govt chahti hai ki sabhi log ITR file karen to isko easy se easy karna chahiye app ke through. Hum 7-8 saal se ITR file kar rahe lekin CA ke through. Khud se to Kam hi log kar sakte hain, jab ki maximum log chahte hain ITR file karna.
Khud se karna hai to cleartax se kar sakte hain. Still ek CA se karana always better hai.
@@harshitajaiswal5720 government ground level pe nahi dekhti...sachchai to ye hai ki abhi bhi bahot se log ATM use karna nahi jante.
after seeing your video and following step-by-step process, going with a old tax regime, I am surprisingly able to see a refund of 31,000 approx, Thank you for the valuable content. I hope that I have filled it correctly. I will re-verify it again and submit.
This is surprising for me, because my CA were not able to get me a refund but I am able to.
I am under 30% take slab.
Thanks for such valuable content, which positively convince the viewer to write a comment.
The objective should not be to get refund only, but to file ITR by complying all the provision of Income Tax act. Everyone could get refund easily by not showing correct Income or by availing extra deduction but it shouldn’t be the case as you have to file ur ITR correctly
A BIG THANK-YOU TO LLA 😊😊😊
best tutorial for ITR filing
Hello Rishabh, thanks for this explanation video. In next video pls show an example of where tax is zero in Form 16 but is payable while filing ITR.
best and easily information
Thank You So much Labour Law I filed ITR by your watchin video
Thanks ... This helped a lot
Thank you!! Super helpful
Best video for income tax return filing
this video is like a boon to crores of middle class tax payers. I think finance ministry should sponsor this video coz it's actually their job.🖖
Yaar itni badiya info like banta hai❤
VERY INFORMATIVE VIDEO... BEST WISHES💐... AND THANK YOU.... Please make ITR filing video for business owners with investment in SGB, NPS, SSY, PPF, MUTUAL FUND LTCG, FD AND INSURANCE, HOUSE RETAL INCOME, HOME LOAN...
Thank you sir you explain so well.
Tks for sharing valuable information
Very Informative vedio for salaried persons
Thank you sir. I did by myself.
Sir, freelancer and stock trader/investor ke liye bhi bana dijiyega ek video.
Please make video on ITR-2 filling with salary, stock market and mutual fund gain/loss
Good video for begineers (like me). But it lacked important details for old regime (and other ITR forms)
My tax saving tip: my annual income 50lac and I pay only 75k tax because in our tax department in loophole called donation I am donate my 80% income to a political party and receive 75% cash receive under the table I am using old tax regime so my total taxable income 8lac per annum and I pay 75k that why I am legend 😎😎😎