Best Tax Regime according to your salary | Old vs New Tax Regime , Which one saves you more money?
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- čas přidán 5. 07. 2024
- Are you a salaried employee wondering which tax regime will help you save more in 2024? You're in the right place! In this video, we break down the old and new tax regimes, making it easier for you to decide which one suits your financial situation best.
To maximize your tax saving, head to ClearTax - clr.tax/3LR84mfN
Use CTPRANJAL to get an additional 10% discount on all the plans on ClearTax.
Download & Use Finology Free Income Tax Calculator: bit.ly/finologyincometax
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00:00 - Introduction
01:38 - Which tax slab is better for you?
01:55 - About the Old Tax Regime
03:28 - About the New Tax Regime
05:26 - Important Tax Deductions & Exemptions
08:15 - How can you file the taxes?
10:25 - Which regime to opt for based on your salary?
11:22 - Tax Calculations as per your Salary
14:34 - Conclusion
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🎥 Video Edited by Ayush Verma
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#tax #finance #incometax #Ad #taxplanning #taxregime2024 #taxcomparison #oldvsnewtaxregime #cleartax
To maximize your tax savings, head to ClearTax - clr.tax/3LR84mfN
Use CTPRANJAL to get an additional 10% discount on all the plans on ClearTax.
Please Download the calculator, to use it at your convenience
Finology 30 kab ayega sir ji.....😢??????
Sir I am not in tax slab, should I pay Long term capital gains tax. This comment is for everyone who read this, pranjal sir may not notice this comment. Is anyone aware of this please reply.
Very well explained.
Covered All information🎉
@@manashprotimgogoi4273If total income is below taxable limit = 2.5 L then no need to pay any capital gain tax. However you should always file returns every year and declare your capital gains.
Summer series kab?
In 2015, investing ₹1,50,000 could get you 57.69 grams of gold. By 2024, the same ₹1,50,000 only buys 25 grams of gold. Despite the Section 80C limit staying the same, the purchasing power has significantly decreased due to the rise in gold prices. This effectively provides lesser real value in 2024 compared to 2015.
Still no media talk about its 9 years no change in 1.5 lakh rebate only educated people may understand what I am talking about!
Pranjal still your view on etf is same?if no kindly guide
Please if possible make a video on filing ITR using ITR 2 even if the video is long
sorry to point this out, but the cell linking is currently wrong in the link shared by you for the excel
Great video by you and that too in the simplest way. Not sure but I'm not able to download the exccel sheet given in the link - "Finology Free Income Tax Calculator" and the tabs are locked only having view access, am I missing something, please let me know how to access the excel sheet. Thanks in advance
I absolutely agree with you Sir. Thank you so much to clear my doubt.
Unpopular opinion! If you have a proper investing habit you can profit more from the new tax regime. Consider section 80C where you can invest in FD, PPF, ELSS, LIC, ULIP etc. You invest 1.5 lakh. And best return consider 10%. After 30 years you get 2.8cr. Same amount consider you pay 30% tax and invest 1.05lakhs in an index fund with full discipline. At 12% you make 3.08cr. This I have excluded any tax benefit which you would get from the new tax regime due to a better slab rates, plus you can also increase the return by investing in a mix of madcap and small cap. The same goes for NPS also. However the old tax regime brings discipline. Had it not been to save tax I would have never started investing. I follow old only but if you have proper knowledge and plan theoretically New is better.
It also bring in locking of investment which will discourage you to withdraw amount for leisure. ALSO amount invested in MF etc comes under LTCG and its not wise to predict next 30 years returns based on last 30 years.
True.. I was just filing my returns.. I paid advance tax on all my salary, cap gains, dividend and interest earlier in the year and when I chose to file in the new tax regime, I'm practically getting charged 2% lesser, compared to the old tax regime.
LIC is for risk management, not for tax saving purpose. ULIP is a very unproductive marketed product which one should not opt just for tax saving. The fees and charges of ULIP with low returns will hurt a lot more than the tax saved
Bhai wo 3.08cr me bhi LTCG lgta h
Question here on how rental security deposits are taxed - Who holds the legal right of use of any security deposit funds collected ? Does the ownership and tax responsibility move from leasee to leasor?
Not open your calculator through link. Not found in website
Super and very essy explan 😊😊
Are tradind and income incompatible? I think you're not keeping up with the news. While you thought it was impossible, some enthusiasts from Eledator made ai copy trading tool. Everyone now can make money on trading. What do you say now?
Spam comment
Eledator is a scammer. BEWARE ⚠️⚠️⚠️⚠️
Sir I am not able to use your calculator as you have not provided the edit permission .we can only view the sheet and cannot edit with our income. Kindly slove this
can you make according to salary slip how we get effective calculation
Sir, after investing some amount in equity already, for tax saving and long term point of view, should i invest in PPF or ELSS?
is Zerodha charges interest on intraday leverage???... please clarify
If ur salary is above 15 lac per year then go for new tax regime .
If it is less then after all deductions plus home loan plus health insurance u will hv to pay lessthan new tax rules but after 15 lac nothing is of any value
Can someone file ITR in old scheme though TDS deduction was based on new regime ?
Sir, in calculater m edit nhi ho rha only view show rha h.... Kese use kre?
i see your yt channel sir so helpful and knowledgeable
Ur videos r very helpful
Sir please tell me I have purchased 4 years ago ulip policy from police bazaar how can I exit
Not able to download your tax calculator excel
Please consider another point :-
Whether one person should try to invest and save taxes but mostly that invested amount has locking period and that cannot be used for short term or mid term goals. So is that investments worth or paying some more tax at cost of achieving mid term goals and short term goals.
Approximately 20% needs to be invested and this 20% covers the tax benefit ones then how can one individual invest in mutual funds or other schemes other than this tax benefit to make wealth .
I Expect your team will consider this point as many people are unaware about the same.
Thank you.
Regards,
Hemant Takawale
sir urgent ek help chahiye,,,,mera name pan card main sirname ke sath tha,,,,aur adhar card main sirf first name tha,,, uske baad govt ka ek order aya tha ki pan ko adhar se link karna hai maine online apply kiya but name difference ki wajah se nahi hua,,,,phir maine pan card main name adhar ke according karwaya only first name. phir dono ko link karwaya to ho gaya...ab recently kya hua ki mera zerodha main account hai usme pichle ek saal se bse share ki trading nahi hui,, to unhone bse segment deactivate kar diya...ab jab main usko activate karwane gaya to bole ki pichle ek saal se use nahi kiya to bse segment deactivate kar diya...wapas pan adhar bhejo aur form bhejo,,, jab main ye sab formalities puri ki to wo bol rahe hain ki pan card main jo name pahle diya tha aur jo ab pan card de rahe ho dono main name difference hai,,,,aur bole ki apne ye name change karwaya to newspaper main diya hoga uski cutting lao to update karenge nahi to nahi....kya karu muje paiso ki jarurat hai urgent.....please guide.
Your worksheet is not usable. It is View Only. No inputs can be given. Even after requesting for Edit access, nothing moves forward. Kindly upload a new one.
If we have booked long term profit and losses in stocks and mutual funds during a financial year and we have net LTCG but below ₹1,00,000 do we need to show it in ITR 2 or can we still file using ITR 1 because anyways there are no taxes for LTCG gains below ₹1,00,000
same question.. someone please reply
Even if u have one rupee LTCG you have to show it by filing ITR2 even though LTCG tax is zero
How is NPS related to EPF?
there is a total cap of 50k for the 10% + 12% deduction from basic?!?!
@pranjalkamra at 7:35 mins you mentioned employer contribution in NPS is limited to 50k in NPS new regime, were as it's more than that in both new and old tax regime. If possible please make the corrections.
hello sir good evening 🙏 I am a student and i wants to do gov job but there is a craze of share market now a days so i wants to ask you sir that i should go to enroll in stock market yes or no sir and my annual income is 120000 ,every month money comes 20 k from also other sources only from my father bec only he works
I didn't find your FINOLOGY calculator
Course link bhejo
What are the privacy policy if clear tax. Where are they using this data against you.
Kindly make a video on Home loan loopholes on Taxation part please
You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.
Not an exhaustive calculator, eg payslip HRA, Sodexo, LTA is not there
Sir please suggest best mutual funds 2024 list
i think the employer NPS deductin is missing the XLS , pls add tht too
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
Ignore this crap, this is just a bot spamming
unable to use calculator. Excel is in protected mode..
Are you sure about the 50k limit on the employer NPS contribution in the new tax regime?
There is no limit.. It just says Maximum 10% of (Basic+DA).. Pranjal might have got confused
No calculator available
Tax calculation, in hand salary pe hota hai ya CTC pe??
Gross Salary
Can we switch between old n new regime multiple times?
No only once in current financial year!
@pranjalkamra ... Just wanted to check why can't I login to any of your website with my gmail account only .. why mobile number is needed??
If one opt for New tax regime, on next year after making tex effective investment can he file return on old tax regime?
Never .
Next year the old tax regime might not even exist😂
7:32 please elaborate on other allowances
Calculator is in read only mode. Could you please approve edit request.
Stock market tax details
Nice
We are unable to access your Tax Calculator. Please advise how to access
Please Download the calculator, to use it as per your convenience
Pranjal Sir
I already downloaded the same but unable input values in that.
Sir
Can you please make a video on PLI (Postal Life Insurance)? I had taken PLI @ ₹2991/- per month in my initial days of job (2018).
I didn't have any financial understanding at that time. Now it seems a loss to me and quitting is like a bigger loss (premium paid for 6 years as of now). My surrender value is 67k, I've paid 2.25 Lakh. If i don't surrender, I'll have to pay till 19/11/2055.
jinke pass job na ho and salary hi na ho wo bechare kya Karen 😭
Kamra jee parnam.
Mai ek gov emp hoon,
Aaj mere nps m 24 lakh hai, avi har mahina 18k credit ho raha hai Jo ki 12%/Y bahkar credit ho raha hai, Mera DOB 92 hai, aab aap batayen ki mera kitna pension banega, 2051 me..
Abhi problem kya hai yeh video se aur bhi confuse hogya 😰 apne indirect cleartax pe chhod diya
calculator is not working
you were wrong in the NPS part .10% of basic is exempted not 50k
What happened to your 100Days reading Challenge!
Please resume….I was motivated by you😅
Bhaiyya yahi video pichle saal bana dete toh zyada acha hota.😢😮
Great sir
Waiting for summer series ...
Sir Aap Stock market for beginners ka series lane Wale the Sir upload kijiye videos ko hmlog wait kar rhe hn
Sir please Debt and Hybrid mutual funds recommendation pe bhi video banao.🙏
your calculator is not working
Tax calculator doesn't work
Summer investment class series kab ayega sir ?
Aj evening m hi dekh rha tha isko m ,thanks guru
Finology stock 30 kab batayega aap
80 ccd(2) employer NPS contribution limit is not 50k. It is 10% of basic upto 7.5 lakhs (this limit also includes employer PF etc)
Yes right.
But u get benefits of 50000 only
That is self contribution, 80ccd1(b)
The best regime is the new tax regime with the discipline of saving and investing
मैं एक gov employee हूँ mje tax return filing krna h shmj मे nh a rha h kya kaise hota hai tier 1,2,3 kya h or अभी tk tax return filing kaise krte h btaiyega
Form 1 fill Krna hota h
Kya Sir, Government job hai aapki phir bhi CA ko 1000-1500 deneme hichkicha rahe ho?
Koi bhi accha CA pakro 1000 rupay de do aur tension free tax file karo.
Sir please 🙏 kam selari valo ke liye bhi koyi videos banaiye
Please advise if we should stay invested in tax saving funds even after switching to New Tax Regime. Love your videos @pranjalkamra
Sir i also waiting for finology 30
Hi everyone! I'm new to the world of cryptocurrency and would love to learn more about how to get started with crypto trading. Could anyone please share some tips on which cryptocurrencies to consider investing in and when might be a good time to make an investment? Any advice or insights would be greatly appreciated. Thank you all so much for your time and help
Congratulations on starting your crypto trading journey! I understand that you want to make a profitable investment, and that's a
verv understandable goal. Get yourself someone who understands the market very well and is also professional in placing
trades. Thats the key
Trading with a professional crypto broker helps a lot when you're into crypto investments
Well for me, I recently got into crypto trading and l'im already marveling over the profits I am making. I'm like, "how the hell have I been sleeping on this?
It's great that you're interested in making profitable investments in crypto trading. There are many factors to consider when making a successful investment, and l'd be happy to offer some guidance. Can you tell me a bit more about your current experience and knowledge level in crypto trading? That way, I can provide more specific advice
I have had a bad experience of losing a lot of money because I had no idea how the market works. That's why I am looking for a crypto broker to help me out with a good strategy
Excel sheet is not correct. please update and pin it in comment section
New is Best for people who is earning upto 12 lpa, i am already in new this year and last year as well.
3:11 sir this is wrong on income above 10 lakh tax is 30% on that amount which becomes 150000 rupees . Shayd galati Ho gayi apke video editor se
Simple है, अगर कोई all eligible exemptions and deductions avail करता हैं तो Old regime benificial हैं ।
80G sayad new me avilable nahi h
Eledator ki MKC
Your video quality is good but it can be better, if possible please improve ❤
Sir I am not in tax slab, should I pay Long term capital gains tax. This comment is for everyone who read this, pranjal sir may not notice this comment. Is anyone aware of this please reply.
If your long term gain is more than 1 lakh then you only you have to pay tax but only 10% on anything above that 1lakh amount. For example your profit is 1 lakh 20 thousand then you have to pay 10% of 20 thousand only which is ₹2000.
Basically cleartax ka advertisement....kya soch ke aaya tha...
Bakwas hai new tax regime. Logo to motivate Krna chahiye insurance, investments and savings k liye. Old tax regime ka deductions and slab rates change krne chahiye
KYA HUAA SIR AAP KA STOCK MARKET SERIES KA NAHI BANANA HAI HAI TO NAHI BATANA CHAHIE THA AAP KO😵
Pls daily video bnaya kro
Pls bring finology30 asap... lagta hai sab log vul i gaye hain...
I'm also waiting desperately
22 crore par kitna tax lagta hai and surcharge kitna lagega
Surcharge will be 25% of tax liability calculated on income other than dividend and stcg and ltcg . It will be 15% on capital gains and dividend income
Clear kr dun .. old tax unke liye hai jo loan le kr rakhe hai ... Baki new tax adopt kro
FIN 30 STOCKS sirrrrrrr......
waiting it from soooo long.
I am also waiting
Koi mes bhi nahi de rahe ayegi ya nahi ayegi
Bahut baar mail bhi kar chuka hu no answer
FB पर आपके नाम से ट्रेडिंग सिखाने वाले एड आ रहे हैं। क्या आप ये कर रहे हो?
मुझे लगता है कोई फ्रॉड है
Video is laggy even at 50 fps
Finology 30 ......
???????
अभी क्यों? Office में तो submit कर दिया।
ITR ke time change kar sakte ho
Govt must resolve this confusion among people and old and new tax regime must be removed.
Only one simple tax calculation system must be there. Income upto 10 lakh must be exempted from tax.
Ek saal wait karo
Government old tax regime gayab kardegi.
Sabko fir new tax regime me hi jana hoga.
OPS is always better than NPS scheme
Middle class ke logo ko bhi kuch sikhane ko milega
Whenever this government does something new it's certain that they will be massively wrong.
Absolutely.
He is false claimers when i go to his discribed link.. it is view only and link to other paid website