I am a Super senior citizen aged 87 years. My request to the F.M. is that persons like me who have income only from pension should be totally exempted from paying Income tax. We are overburdened by paying G . S.T. which on an average comes to more than 20 - 22 % . So save us from this burden of paying direct taxes for our pension.
Excellen summary of the benefits for Senior citizens. However needs to clarify if Sec 80C and Sec 80CCD is available under both under old and new regimes. I think only available under old regime.
Very nicely explained by you Thanks for simplification Crores Crores of our women folks never go for voting We crores of Bharat washi go for picnic on voting day. This is holiday for us We do not want to miss holiday and ignire most important voting
Pension should be exempted from TAX. Pension is not the income. It is the service rendered by the Pensioners for so many years. Interest income should be increased. (NEW TAX REGIME) Rebate should be increased upto Rupees Thirteen lacs ONLY in New TAX REGIME.
This merry-go-round is utter stupidity. Government should get a declaration from Senior citizens that if you want ITR to be automatic then tick on the questions and income information once for life-time and I.T. software will do the filing. Baat Khatum
Thanks your valuable information, kindly let me know if any recovery has made by the employer which is mentioned in form 16, where it is to be shown while ITR filing? Further if has a disabled dependent ,then whether any amount of deduction can be availed for disability?please reply
Forget about the tax benifits. What about the livlihood of senior citizens? People generally think that senior citizens means the retired people getting huge amount as pension. There are lots of senior citizens depending only on bank interest. 10 years back, Rs.1 lac was fetching rs. 1k interest pm whereas now it fetches just not even Rs.600. Apparently, central govt is not bothered about this low income SS at all. Very sad..
Baseless Sr.Citizen ka ITax.relaxation.even GST is charging @18% on Mediclaim premiums.which given after giving proper ITax. No thinking for Sr.Citizens.even Train concessions also withdrawn.
🙏भाई, प्रॉपर्टी टॅक्स के बारें मे बताइय l जैसे कि मयून्सिपलं टॅक्स इसमे कुछ सिनियर के लिए हैं l सुना हैं 50%टॅक्स पे का कानून बनाया हैं l pl. बता दीजिए, Thanks
For Telecom pensioners TDS is being deducted every month. Even super senior citizens who are Telecom pensioners are not being spared! Kindly comment on this please.
Madam Finance Ministerial am a retired Railway employee. I am at 86 old hence my children who are NRI took us with them. We had to go but leaving my brother sisters I feel painful. We both went with my son waiting for the last moment. In this way all NRI parents go to foreign country. Therefore please
There is no income of sr citizens hence no question to file IT returns. More over epf---95 pension request for revise request pending whith govt since last ten years.
Our EPFO senior cotizens are living below poverty line. No food, no medicine yhey dyeing ebrry day. Their pension amount not yet increased. Is their any humanity remains with govt/Modigi, Nirmala Ditaraman.
I am a company retaired employee, I have received Rs.6000 .as EPFO PENTION.But 5 years ago the EPFO management reduced my pension to Rs. 2000/ .P.m. this happened in mr.modi's dectatorship govt . reason given to me by the EPFO MANAGEMENT that the past payment is very high,so the excess amount has been deducted in future. I have retaired in 2013 .but the last three years EPFO AMOUNT NOT YET SETTLED by EPFO.(2024). 0:08
🎉 income tax senior citizen ke fd pr milne vale interest pr income tax late, senior citizen me bhi bhedbhav wow,apka chanel es subject pr kuch nhi, ab to sab kuch clear hai,😢kya matlab hai
सांसद और विधायक की इनकम से कोई इनकम-टैक्स की कटौती नहीं होती चाहे वे मात्र एक दिन के लिए ही कुर्सी पर क्यों न रहे हों और उनसे किसी तरह का कोई इनकम-टैक्स नहीं वसूला जाता भले ही इनकम एक लाख रुपए प्रति दिन क्यों न रही हो; जबकि सेवानिवृत्त शिक्षक /कर्मचारी से जो कि २० ४० साल देश सेवा के बाद सेवानिवृत हुये हों उनकी बुढ़ापे की पेंशन से इनकम-टैक्स के नाम पर सरकार द्वारा लूटपाट की जाती है जिससे लगता है कि ये सांसद और विधायक आसमान से टपके हुये फ़रिश्ते हैं और बाकी सीनियर सिटीजन इस जमीन पर उगे हुये साधारण जीव-जंतु!!?
सिनिअर सिटीझन्स अपने वयस्क बच्चोका lic प्रीमियम भर के टॅक्स बेनिफिट ले सकते है , किंतु वयस्क बंचे पेरेंट्स का प्रीमियम नही भर सकते , ऐसी मेरी जानकारी है.
Senior Citizens Should Be Exempted From All Income Taxes At The End Of Life. Single Bank Condition Is Baseless For Income Tax Rebate.
Thanks for explaining the relevant rules/ provisions in detail & in a very simple way
🙏🙏
All benefits shown for senior citizen is just an eye wash. So many conditions, so many raiders. Useless benefits.
Sir, benefits are not useless only some benefits are having conditions.
I am a Super senior citizen aged 87 years. My request to the F.M. is that persons like me who have income only from pension should be totally exempted from paying Income tax.
We are overburdened by paying
G . S.T. which on an average comes to more than 20 - 22 % . So save us from this burden of paying direct taxes for our pension.
Govt is not exempting super senior citizens they just increasing tax exemption limit as per age.
Very nicely explained sir thanks a lot I am taken vrs and your video is very much helpful to all sr citizen
Thank you sir.🙏🙏
Excellen summary of the benefits for Senior citizens. However needs to clarify if Sec 80C and Sec 80CCD is available under both under old and new regimes. I think only available under old regime.
Only under old regime sir.
Beautifully explained
Thanks.
🙏🙏
Ab to election bhi jeet gaye ab to sarkar to senior citizen ke bare me kuch sochana chahiye.
True.
They will not, as they themselves Enjoy Tax Free Benifits + Parks.
ईमानदार टैक्सपेयर के बारे में सरकार कुछ नहीं सोच रही है, बल्कि उन्ही पर और टैक्स लगा रही है ।
Super Senior Cityzens ka koi Tax nahi Lagna Chahiye. M.P.'s ko Tax Free benifit kyo milta hai ?
बिलकुल सही कहा 👍
Very nicely explained by you
Thanks for simplification
Crores Crores of our women folks never go for voting
We crores of Bharat washi go for picnic on voting day.
This is holiday for us
We do not want to miss holiday and ignire most important voting
True sir
Can gift to your daughter, grand son/daughter exempted from tax, medical expenses of wife is also exempted from tax ⚔️
Sir, Exemption for Medical expenses for wife can be taken and exemption on gift depends on category of gift.
Very good coaching. Thank you, Sir 🎉
🙏🙏
Better to continue with old benefits, such as 80TTB and others in new tax regime.
👍👍
Income Tax Limit Should Not Be Less Then 20 Lacs For Normal Standards Of Livings. Where We Are Wondering?
True
Thank you...excellent information
Glad it was helpful!
H@@finotech
😊
G 4 😊p😊
😊,had ⁶
Many many thanks for TRUE explain
Thank you
Pension should be exempted from TAX. Pension is not the income. It is the service rendered by the Pensioners for so many years. Interest income should be increased. (NEW TAX REGIME)
Rebate should be increased upto Rupees Thirteen lacs ONLY in New TAX REGIME.
This is just an eye wash ……. No tangible benefit for Senior Citizens…… BJP has completely failed the Senior Citizens and the Middle Class…
Good information for senior citizens.
Thank you sir.
Tax jugglery
Jankari achhi lagi. Thanks.
Thank you sir
Thank you sir
अगर 3 lac से ज्यादा इनकम हो ब्याज से तब भी 15 H देना जरूरी है क्योंकि अब 7 lac पर कोई टैक्स नहीं है
3 lakh basic exemption limit hai sir, agar 3 lakh se upper aapki income ho rahi h to aap eligible nahi ho form 15H submit karne ke liye.
Respected sir 🙏 thanjx lot for ur valuable information Jai Bhaeat Jai Shree Krishna namaste 🙏
Thank you sir 🙏
Many many thanks for your valuable information
Thanks for appreciation sir.🙏🙏
Baseless Rules. Income Tax Limit Should Not Be Less Then 20 Lacs For Normal Standards Of Livings At Present.
सिनिअर्स सीटीजन पर कोई इन्कम टैक्स नही लगना चाहिए
True sir.
@@finotech❤❤❤❤❤❤❤❤❤❤❤❤❤❤😂
Good information
@@manjuwadikhaye8377 🙏🙏
P
senior citizen standard deduction was increased to Rs 75000 in the new tax regime
If health ins policy for Sr citizen is Rs25000/- .in this case can a Sr citizen avail medical expenditure for Rs25000-. Pls confirm.
No sir, either you can avail health insurance or medical expenditure.
Good information thanks
🙏🙏
Very good information for senior citizens
🙏🙏
Informative
Thank you sir.
Bahut badhiya jankari
🙏🙏
Very informative video. Thanks.
Glad it was helpful!
Very well explained. Thanks
🙏🙏
Good information. Thank you.
Glad it was helpful!
Like very nice
🙏🙏
Very informative video.Thanks a lot.
Good information thanks pl.
Thank you sir
Very useful information.
🙏🙏
This merry-go-round is utter stupidity. Government should get a declaration from Senior citizens that if you want ITR to be automatic then tick on the questions and income information once for life-time and I.T. software will do the filing. Baat Khatum
मेडिकल एक्सपेन्स क्लेम करणा है तो हॉस्पिटलमे ऍडमिट होना जरुरी होता है क्या ?
Nahi sir, admit hona jaroori nhi
Thanks your valuable information, kindly let me know if any recovery has made by the employer which is mentioned in form 16, where it is to be shown while ITR filing? Further if has a disabled dependent ,then whether any amount of deduction can be availed for disability?please reply
All The Senior Citizens Should Be Exempted From All Income Taxes Process At The End Of Life.
True.
Forget about the tax benifits. What about the livlihood of senior citizens? People generally think that senior citizens means the retired people getting huge amount as pension. There are lots of senior citizens depending only on bank interest. 10 years back, Rs.1 lac was fetching rs. 1k interest pm whereas now it fetches just not even Rs.600.
Apparently, central govt is not bothered about this low income SS at all. Very sad..
Baseless Sr.Citizen ka ITax.relaxation.even GST is charging @18% on Mediclaim premiums.which given after giving proper ITax. No thinking for Sr.Citizens.even Train concessions also withdrawn.
What deductions are available for senior citizens with only interest earning in new scheme.
No deduction in new scheme for interest earning sir.
Super sr citizen. Is when he enters the age of eight y or when he complete the age of eight y
Good
Thanks
🙏भाई, प्रॉपर्टी टॅक्स के बारें मे बताइय l जैसे कि मयून्सिपलं टॅक्स इसमे कुछ सिनियर के लिए हैं l सुना हैं 50%टॅक्स पे का कानून बनाया हैं l pl. बता दीजिए, Thanks
Very good information
Thank you sir 🙏🙏
Wise video
🙏🙏
Discuss the benefits of the New regime. What are the deductions available for SC and SSC under NEW REGIME?
Another video available on our channel sir for new tax regime pls Check.
Tax on deposit interest should be abolished
May be govt will not think about abolishing but they might be think about increasing its limit.
Thank you so much
🙏🙏
For Telecom pensioners TDS is being deducted every month. Even super senior citizens who are Telecom pensioners are not being spared! Kindly comment on this please.
धन्यवाद
🙏🙏
Thank you Sir
Most welcome
Madam Finance Ministerial am a retired Railway employee. I am at 86 old hence my children who are NRI took us with them. We had to go but leaving my brother sisters I feel painful. We both went with my son waiting for the last moment. In this way all NRI parents go to foreign country. Therefore please
Yours is a lucky rare case, so don't give these vultures ideas.
87 A rebate has been withdrawn now.
Informative.
🙏🙏
The full India is gifted by Modi to the Senior Citizens.
👍
Exemption ( special fare)on railway ticket be brought back for senior citizens
5.0 lakh tak jaise bhi pao bus 5.0 lakh tak, kisi tarah ka paper nahi hona chahiye.
👍👍
Bahut sunder
🙏🙏
ये पोल्सी भी सरकार ने अमीरो के लिए ही बनाया है।
👍
एक प्लॉट मई 2005 में खरीदा और जून 2024 में बेच दिया। क्या इस रकम पर इनकम टैक्स लगेगा। सीनियर सिटीजन है
Yes
Well explained
Thank you sir🙏🙏
Limit for deductions under 80g for 50 pc
I have sold out residential plot which is name of me and my brother. How to save capital gain.
If a senior citizen father gifts 3 lakh rupees to his own daughter by Cheque, it be exempted from income tax?
My pf pention is rs 3200 pm fix, is it taxable ?
No sir.
i-tax evaded/ manipulated is detected nd realised with penalty. It wud be far far higher than per yr i-tax collection
True
There is no income of sr citizens hence no question to file IT returns.
More over epf---95 pension request
for revise request pending whith govt since last ten years.
Income is also there sir.
Senior citizens with no income except from bank interest should not be taxed at all.
True👍
❤How cani get a copy of form 12BBA please advice. Tks.
Will provide you link soon sir.
Good g 💯✌
Thank you sir.
They won't alow sr citizen live peacefully
Restore senior citizens travel concessions
👍
Our EPFO senior cotizens are living below poverty line. No food, no medicine yhey dyeing ebrry day. Their pension amount not yet increased. Is their any humanity remains with govt/Modigi, Nirmala Ditaraman.
I am a company retaired employee, I have received Rs.6000 .as EPFO PENTION.But 5 years ago the EPFO management reduced my pension to Rs. 2000/ .P.m. this happened in mr.modi's dectatorship govt . reason given to me by the EPFO MANAGEMENT that the past payment is very high,so the excess amount has been deducted in future. I have retaired in 2013 .but the last three years EPFO AMOUNT NOT YET SETTLED by EPFO.(2024). 0:08
What about railway concession to senior citizens
Not available
Thnx sir
🎉 income tax senior citizen ke fd pr milne vale interest pr income tax late, senior citizen me bhi bhedbhav wow,apka chanel es subject pr kuch nhi, ab to sab kuch clear hai,😢kya matlab hai
V good ppt on tzx exemption. One que , is pension income is taxable
Sir, if your pension income is above 5 lakh, then it will be taxable.
HOW MUCH IS TAX EXEMPTION LIMIT??
SENIOR CITIZENS KA TAX KHATAM KARO AURBKUTCH NAHIN CHSHIYE UNKO MODI GOVT NE SARI CINCESSION CHEEN KAR APNE CHAHETON KO DE DI NEET SEATS KI TARAH..
Senior citizen ko earning nai Hai 2465/- pension. Relaxation not applicable
👍
Whether 80 D exemption is available in new tax regime
Not available sir.
Senior Citizens for No Tax Paid
If refered to new tax rules , majority of benefits granted to seniour citizens are withdrawn.
True
सांसद और विधायक की इनकम से कोई इनकम-टैक्स की कटौती नहीं होती चाहे वे मात्र एक दिन के लिए ही कुर्सी पर क्यों न रहे हों और उनसे किसी तरह का कोई इनकम-टैक्स नहीं वसूला जाता भले ही इनकम एक लाख रुपए प्रति दिन क्यों न रही हो; जबकि सेवानिवृत्त शिक्षक /कर्मचारी से जो कि २० ४० साल देश सेवा के बाद सेवानिवृत हुये हों उनकी बुढ़ापे की पेंशन से इनकम-टैक्स के नाम पर सरकार द्वारा लूटपाट की जाती है जिससे लगता है कि ये सांसद और विधायक आसमान से टपके हुये फ़रिश्ते हैं और बाकी सीनियर सिटीजन इस जमीन पर उगे हुये साधारण जीव-जंतु!!?
Reduced interest in post office, no concession in railways, half percent more interest, it should be one percent
Interest in scss also to be increased.
Request as per AGE 80, years Not Possible, In this polluted Atmosphere, Super Senior Citizen Age 70,,,,hii Honi Chahiye Sahib ji please 🙏🙏🙏🙏
Good point sir.
Varishthon ko Railway yatra main 40 pratishat choot nahin diya gaya , use lagu kare.
👍
क्या सीनियर सिटीजन को अपने वयस्क बच्चे की जीवन बीमा प्रीमियम भुगतान की राशि में टैक्स लाभ मिलेगा?
सिनिअर सिटीझन्स अपने वयस्क बच्चोका lic प्रीमियम भर के टॅक्स बेनिफिट ले सकते है , किंतु वयस्क बंचे पेरेंट्स का प्रीमियम नही भर सकते , ऐसी मेरी जानकारी है.
Is section 80TTB and Section Section 80D applicable for new regime
No
About 80U
No changes
Benifit under 80G is available in New regime ?
No
Nothing is dealt reg. Old regime, why is this all when nothing relief is available..
Relief available in old tax regime
@@finotech talking of new scheme.. nothing is frer.exept 75thousands..
Single Bank Conditon Is Baseless And Below Standards Of Life, Tuglaki Ferman.
They have made it for the ease of bank records sir.
No there is no benefit of sr. Citizen.
It is totally vogas???
Modi will not give us sr citizen benefit,???
Ok
Naridera Damodar Dass one year income tax Kitna deposit Karta hai.