Different ways to save on income tax | Reduce more 1.5 Lakh from Income tax
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- čas přidán 27. 01. 2024
- In this video, we have discussed multiple ways to save income tax in detail. We have covered the following sections of Income tax act 1961 - 80C, 80CCD(1B), 80D, 80E, 24b, 80EEA, 80G, 80GGC, 80TTA and TTB, 80DD,80DDB
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Under the new tax regime CPS (TN Government) Employer Contibution am i able to claim???
Super explain sir, please explain corporate NPS Max limit pls explain
Nice video. So epdi paathalum oru level mela salary poita tax pay panni dan aaganum pola😅😅
Yes boss!!
What about standard dedeuction
Sec80 TTA ...SB INTEREST மொத்த வருமானத்துடன் சேர்க்கவும் - Deductionல் கழிக்கவும். இதனால் எந்த வரி கழிவும் இல்லை
Sir 80 CCD(1B) la rs. 50000 deduction Tamilnadu Govt employee CPS ku Eligible irukka. Pls clarify
Nice video
When everything in % the standard deduction also should be in %
2nd expecting some changes in old regime in the coming budget
This will be interim budget till new govt is formed.. so I dont expect anything big..
Bro newtax regimela 80CCD(2) sectionla nps employee/ state govt employee cps contribution deduct panna mudiyuma. Pls explain post video regarding
Thats what is explained towards video end.. 80CCD(2) is about employer contribution to NPS.
@@thinkingtamizha007 thank you. But videola section mention pannala bro.
I'm handicapped person taking rehabilitation for spinal cord injury and I'm the tax paying for my income.am i eligible to claim section 80DD???
Yes brother, you can.. but you should get disability percent from government doctors and then it is allowed some limitations
Medical expenses for non senior citizens(parents ) 80d la claim panna mudiyuma ??
Yes, upto 25000rs
Not expenses.. only premium paid or preventive health checkup
I have one doubt. EPF and NPS employer contribution New Tax Regime la matum dane use pana mudiyum? Neenga andha options use pani gross salary a reduce panitu old regime la irukra deductions lam use panikringa (which is not possible in new regime) ? If we are going to use EPF and NPS employer contribution we cannot use the 80C deductions or other deductions right?
No.. employer contribution tax benefits are same in old and new regime..
Sir, i hv separate health insurance (in working company) and parents Father above 60 & mother below 60 hv separate health insurance in their names which is paying by me.
Can i claim under 80D?
Pls reply
If premium is deducted from your salary, you can claim.. and you must have chosen old regime.
Im paying house rent and LIC every month . So can i use this both as my deduction from my salary ?
Yes
80ccd (2) la new regime la CPS AH deduct pannalama
No brother. The new regime is very straightforward. No exception allowed
Income from House Property ku Income Tax Details video Poodunga Sir
We ll do in future
Explain HRA deduction
Already explained in previous videos.. pls go through our videos once, you ll find more than what you need..
Bro. 80 CCD you missed APY.
Bro NPS contribution by employer is 14%
Thats only for govt employees.. all others its 10%
Hi Brother my name is Ramkumar I can create thumbnail design for your video and you have a potential audience,I can design within your budget,Could you please suggest me Brother, thankyou
For saving the money, we’re spending the money
In what ways you are spending to save tax?
@@thinkingtamizha007 NPS
Term insurance
Home loan
All deductions in general. We’re spending/locking money for 10-15 years just to get 1% higher than inflation
Nps and home loans are investment.. either you get asset or returns.. spending is different from investing in an instrument.. lockin is good as it discourages people from withdrawal and preserves the money for compounding..