Rebate 87A big Mistake of Government | Budget 2024 | New Income Tax Slab Rate
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- čas přidán 7. 09. 2024
- Rebate u/s 87A having many issues as recently government made changes in ITR utility from 5 july 2024 now allowing rebate while income is upto 7 lakh in case of special rate of income and in budget 2024 they make changes in the slab rate under new regime under which rebate u/s 87A is disputed and need clarification
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Rebate in. OLD Tax which should also be increased. It should be
Rebate in OLD TAX REGIME should be Rupees
It should be increased to Rupees Seventy Five thousand only
Kk k. Kkkkk k😊kk.
Please repeat crores of times.
Thanks for finally understanding some thing.
New tax regime se old tax regime m ja sakte hai ya nahi ja sakte hai plz clear mam
PM Modi should take educated people in union cabinet. Especially for Finance Minister, he should be a CA
Modi is a Visvaguru, he doesn't want any person who think for middle class, and think for others.
At least min educated
He shud take one from madarsa, right bro😅😅😅😅😅
ये किसको बता हो तो खुद कितना पढ़ा है।
PM v educated chahiye bro
😂😂
So many officers drawing huge salaries and perks. Highly educated FM presenting record 7th Budget, yet so incompetent and unarticulate. Withdrawal of indexation benefits, moving to new regime clandestinely are all visible signs of inefficiency.
CA Pooja gupta is excellent. Her explanations are lucid and her thought process is clear and sorted. She is fast in calculations and moves ahead in a flow which is easy to follow. I have seen quite a few online videos from other professionals who beat around the bush , are repetitive and appear to be going nowhere. Kudos Pooja. Keep it up 👏🙏
Yahi query muze bhi aayi thi..aur usi ke upar aapaka video Mila...Thank u
The presentation of FM is subject to confusion in every budget. Hope at least she will be crystal clear next time in case she holds position by then.
Hope she is not there next time. She is a leech
Who are the people working under Finance Ministry? Does they are enough capable?
Ministry of Finance should have team of competent 10CA
Heavy mistake by fm to finish bjp.
Slab change ❌ it’s time to change Govt ✅
Abhi kuch din pehle hi election the..
tab kahan the?
Mandir bnwa diya hai jaao wahi jake government change krwao..
or agle 5 saal tk dikh bhi mt jaana kahi..
@@life_is_awesome don’t worry bro may be next time people will show
@@SubhashRawat-pd3np sab kuch luta k hosh mein aaye to kya kiya
Yes I agree and I wish. God bless India .
@@life_is_awesomeAndhra Pradesh Chandrababu is the only hope. Peet mein chura ghusa dega Gujarat Ahankari modi Mafia ko.
87 A की रिबेट के बारे में बजट में कुछ नहीं बताया, यह सरकार की बहुत बड़ी चुक है, सरकार को अगर वेतनभोगी की परवाह है तो 87A की रिबेट आठ लाख करना चाहिए,
Jan bujh ke nahi bataya gaya.. They have whole team of CA to check the rules 100 times before introducing any change.
गुरुजी (पूजा मैडम) आपकी टैलेंट कमाल की है। इनकम टैक्स डिपार्टमेंट की गलती निकालना केवल गुरुजी की ही बस की हो सकता है। शेयर कर दिया फेस बुक पर।
They are just destroying salaried middle class particularly..... 😢
Just be extreme poor or extreme rich to avail extraordinary benefits...😮
NO TAX MUST BE TAKEN ON INTEREST FROM FDS FROM SR CITIZENS. GOVT FM MUST THINK ON THIS MATTER. YOU SHOULD TAKE UP THIS MATTER WITH GOVT FM
Heavy mistake!! Thankyou ma'am.. we should actually have CA involvement in Direct Tax Code 2025.
Indeed!! Finance Minister should be a CA ..
EWS 8LAKH
BUT TAX 30000, economical weaker section से भी वसूली चालू है।
मोदी मोदी मोदी 😂😂😂😂😂
Excellent presentation.
Govt should remove this anamoly
Really mistake by government, must rectify it,Thank you Mam for giving this important update
Madam, Qualified persons like you should be Finance Minister of India
जनता को सिर्फ लूटा जा रहा हे पिछले ११ साल से, नये नये कानून बनाकर, लेकिन याद रहे यही सारे कानून इनको सत्ता से हमेन्सा के लिए ऐसा बाहर करेगा की राजनैतिक पटल से अदृश्य हो जायेंगे जैसे की जनता दल के मोरारजी देसाई
Sir Apne kitna tax payment kiye
Hhhhhhaaaaa😂😂😂 uske pehle to sab raja mharaja the
It's suggested that in new regime rebate of 80 D mediclaim & interest rebate of ₹50000 to senior citizens be allowed.
Yes Madam,the Government should clarify the. Rebate 87_A. Here the Government has done a big doibt the Tax Payers are confused about the Rebate whether the Rebate is. 20000/_ or 25000/. Under 87_A.
Thanks for providing for such types of useful information. You are really very intelligent and sincere 🎉❤
Very nice 👍 attorney at law adv Mendiratta, pune.. You are right madam👍🙏👍
There is also a big technical bug in old regime where the LTCG is not beneficial u/s 112A besides benefit 87A is not available if total income is 605000 including long term gains 105000
Tax leke garibo me baat rahi hei government isse garib garib hi rahege muft ke pese bate rahege voting keliye this is very bed😮😮😢
No vote to BJP.They are for Adani-Ambani and not for the common people.
Command people employed by Adani Ambani do you all lutere bhradtachari pawer Mai aye or no naukarimile na desh develop ho Katira hath Mai le ka bheekh mange yehi Kumari maisikta hai.
@@bidyutkumarbanerjee8410 you are congressuddin so vote for pig like Firoj grandson Unfaithful Zihaadi Raahuluddin
Shut up, only 5-6% people in India earn more than 7 lac as net income. Budget killing rich people and investors. Common people don't pay income tax in India
Sabko late samajh mein aa raha hain
Aakhir pappu bhi to gya gujra hi Hai....laaye to kisko laaye
Mistake of babus, and drafting officials. Not of fm. No proper scrutiny.
Very informative video . Excellent analysis.Thanks a lot, Ma'am for such a clarity on the subject.👍👌
With making new regime as the default regime, it’s time that government increase PPF interest rate from the next quarter. The reason PPF rate was kept low is that it offered tax deduction. That deduction is no longer available in the new regime.
Bilkul right 👍
Neither there is any Separate Slab Rates
There should be separate slab Rate. The Basic exemption limit should be raised for Senior citizens. There is no change in the limit for Senior citizens. At least there should be an increase for Senior citizens. Upto Rupees THREE LAC ONLY: NIL(means there's no tax upto Rupees THREE LAC ONLY). Rupees THREE LAC ONLY was already NIL for Senior citizens in OLD TAX REGIME,but the Government wants to popularise NEW TAX REGIME, so there should be an increase in. minimum Slab Rates for Senior citizens.
In LTCG there is exemption Upto 1 lack under section 112A, but while filling ITR tax is calculated for that exempted amount too.
Is it mandatory to mention the amount which is below 1 lack?
The same thing happens with saving interest below 10000/-.
Yup saw this for saving account interest. So only people who know will remove this from there or menion this in exception.
I am only doing this from last 2-3 years...so before that I might be paying tax on saving account interest income which in quite less than 10k
Congress with socialism economic policy of garibi hatao could not eliminate poverty in decades while communist china adopted American capitalist policies. See its economy 5 times ours. Till 1970 80 we were at same level.
Congress govts policies failed and now present govt is pursuing changed pro industrilist policies which will give results in near future. We have to give some time to policies to bear fruits.
Government is on right track.
Right
Cheen Dande ke jor par
Millions ko infrastructure par laga diya
Crores from every province were engaged infrastructure jobs
Bekari gayab
Thank you Poojaji for a simple explanation and thanks to CA guruji for creating this informative video.
What is Special Rate and Normal Rate? It should have been explained in the video.
Brilliant madam
Excellent knowledge
Worst FM
It's time to change Ambani-Adani Govt
Good Catch !!
MADAM AIS OFF LINE UTILITY KA EK VIDEO BANAYAA. OFF LINE CG CALCULATION KA CALCULATION ME THORA PROBLEM A RAHI HAY.
Good video & point but Budget is Annual Budget , it never details any Section of income tax act😢 For Section 87A of income tax act , rebate amount will be changed & notified thru notification by income tax department not by finance minister. Lot of Faq will be available & confusion will be resolved😮
You are one of the few mature persons who understood the government working.most of the comments are political and magnifying a bureaucratic mistake .
Dear FM add one more section which necessary blood 100ml for middle class
Please clarify, Can we add our short term capital gain on share in to basic income if our basic income doesn't exceed's to basic exemption after taking benefits under section 80cc as was in previous years.
Senior citizens should be given some sort of relief by increasing Standard Deduction of Rupees One Lac only,(at least for Senior citizens) ,beydeni
I was searching about REBATE
Please confirm if 14% increased NPS employer contribution deduction u/s sec 80CCD2 to be applied in this Financial year or next ? Since as per Final Finance (2) Bill it will be applicable from Apr 01, 2025
Madam, PLEASE CLARIFY WHETHER 87A is applicable ONLY FOR SALARIED AND PENSIONERS. If yes then what is exemption u/s87A for senior citizens who are retired and are non pensioners. Thanks
Section 87A clearly says rebate would be given 100% of tax or 25000 whichever is less if income does not exceed 7 lac. Now, the question is section 87A, still valid or not, and then my view it is still applicable for getting the benefit of marginal relief only.
blundering the income tax by this incompetent FM.
Apni mummy ko bana de bhai
@@Pankaj_Gr8 mummy ko kam mat samjho. Vo sabse best finance minister sabit ho sakti hain kyunki vo ghar ka budget sambhalti hain. Nirmala sitaraman kisi tarah nhi main pyaz nhi khati main share me invest nhi karti.
@@Pankaj_Gr8 ask your mom to file your tax return 🍭
@@dmn1n ha to kar degi na koi ganwar thode hain. Lagta hain tum apni ma ko kuch samjhte nhi ho
Darun bolechhen@@dollysharma7430
सात लाख पिच्चोत्तर हजार रुपये तक कोई टेक्स नहीं देना है। कारण कि स्टेंडर्ड डिडक्शन 75000/- नये रिजीम मे है। शेष 87A के तहत 25000/- छूट दी गई है।
Because senior citizens have served the Nation for so many years and are experienced. They have B
Voted for BJP
senior citizens should be given some relief
In 87A we have to consider upto the limit of tax liability.
I have file return with short term cg claiming 87A
Standard Deduction Under NEW TAX REGIME should be increased to Rupees One Lac only because the Government wants to popularise NEW TAX REGIME
THOSE who have opened SCSS Account (senior citizens) interest income has been withdrawn those who want to FILE THE Return under NEW TAX REGIME, those Senior citizens should be increased Standard Deduction upto Rupees One Lac only,if the a Government wants to make attractive NEW TAX REGIME.
Income on which SPL rate of tax applicable that income will falls under 7lacs for 87A rebate purpose?
Thanks for raising query on such ambiguous declaration 👌👍👍👍
Important and informative lecture
I did not understand how this video of CAguruji showed a slab rate of 3 lacs to 7 lakh under the new regime, whereas in finance bill no. 2 of 2024 and the IT Portal, this 3 to 7 lacs is not mentioned anywhere, instead 3 lacs to 6 lacs and 6 lacs to 9 lacs is mentioned there in that F Bill and in IT portal. According to this, under 87A, max. 25000/- exemption will be available, not 20000/-.
Hi.. Mem
How much Standard deduction allow in old tex regime 75000 or 50000..?
In budget said that from 7 lacs to 7,70,000 free
All these regimes and , simply % every thing as taxation is a baniya activity .
So basically the Govt reduced the 87A rebate but they hid it in the parliament. Jitna loot sako, loot lo. Middle class employee are literally suffering due to govt tax.
I. Had different opinions & ideas about income tax & legislation system but no point discussing it on social media page😢😢
Govt's Law drafting team is newcomers...they correct the mistakes in two three year...
Earlier GST was an headache now Income tax is on the way...just following footsteps of GST to collect more n more tax with absurd rules and unconstitutional law drafting.
I doubt mistake may be in your understanding . Upto RS 25000, as told by you , and RS 25000 are not the same.
Madam in this new amendment up to how much Marginal Relief will be applicable? Which was 727777 in 23-24?
Ek Jaagruk Nagrik.... 😊
I have a query - suppose my Normal Income is 6.50 lac, I understand that no tax will be applicable to me but at the same time I have LTCG of 5 lac , should I to pay12.5% on 3.75 lac? Plz clarify
yes
Right
Madam,ye hi q.maine aapki pehle wali video main poochha tha ki 87A ka status kia hai
Madam,
Do you think that this Govt. led by inefficient persons, will accept that they have made some mistake and will rectify the same? The attitude is "King can do not wrong".
Let us hope for the best.
I have some Stcg apart from salary income and file itr on 2july. my income tax is 0. So after rule change do I have to pay income tax now on stcg and how do I know if I have to pay tax? Do they send notice?
Share kar diya madam . Good observations
Mam. Please check now. I think income tax department had corrected it's mistake.
Ma'am this is simple instead of ₹25000 rebate is ₹20000 limit of ₹700000 stands as it is. Many times such changes takes place, which should not be regarded as mistakes, there also a big team of legal experts work
Read finance bill no.2
Mam LTCG allways be included with gross total income ? please mam i want to know this rule
No surprise even if they ask us to pay Adani Ambani taxes going forward
Thanks for analysis
87a ke bare mein last year bhi nahin bataya. It's only for Sr. citizens
Very useful information
2014 ke bad ham senior citizen ka jine ko haram ho Gaya hai. Direct tax nahi lekin indirect tax kee pressure ne hi sab chijo ka bhav asman pe la diya hai. Ye Ravan yug hai.
बिल्कुल सही पकडे है दीदी
Easy solution should be increase the limit from 7 lakh to 7.50 lakhs. Reducing 87A limit from 25,000 to 20,000 will be a retrograde step.
I did not understand how this video of CAguruji showed a slab rate of 3 lacs to 7 lakh under the new regime, whereas in finance bill no. 2 of 2024 and the IT Portal, this 3 to 7 lacs is not mentioned anywhere, instead 3 lacs to 6 lacs and 6 lacs to 9 lacs is mentioned there in that F Bill and in IT portal. According to this, under 87A, max. 25000/- exemption will be available, not 20000/-.
That's it
if 25000 is the rebate there will be no taxup to 825000.
Am I right?
(New regime)
The hav ask 4th time my income of ay 2020 . After clearing three times .Now again they are asking .Let them asked being a defence personnel retirement it office don't know what to do .I am haveldar retirement
Government ne tax itna simplify kar Diya ki Khud hi confuse ho gai, kahan kahan se Paisa lena hai
STCG pe bhi rebate nahi mil raha tha ITR file krte waqt. Woh milna chahiye
Watch this Income Tax Utility update: Rebate 87A not allowed | Income tax Calculation changed from 5 July 2024
czcams.com/video/mDVaYb4Q1yI/video.html
Gigi gov system k barein mein ek vdo layiye
Arre the FM fully depends on advisers n she creates a picture that she knows everything but is a big nut fit to facilitate the Unpard Raja
Mam, share capital gain pe kitna income par tax lagega??
मैडम जी हमारे जैसे लोगों का पेशाकर काटा जाता है 2500 रू फिर नये रिजिम मे उसपर टैक्स भी कल्कुलेट कर लिया जाता है क्या यह सही है
Current FM is the worst FM in the history of India. Now even govt realising the same. 😂
Budget 2024 was is one of the "Bhangar" budget in last 10 years
Right 👍
Madam ji AIS me jo Aadhar and Pan card link ki jo late fees bhari thi vo Dikhai de rahi he to kya use Tax ke sakha adjustment kar sakte he ya refund le sakte he?
Mam, In old regime 87A applicable for LTCG & STCG for share & mutual fund cases
STCG par rebate milta hai LTCG par rebate nahi milta hai 12500
If the income is upto 7.25 lacs still in utility and portal shows tax rebate u/s 87a what can do for it.
Mam PPF is EEE in new tax regime
Rebate is correct new regime not 3 to 7 5 % but 3 to 6 and then on 1 lakh 10% which is 25000
3-6 lacs @5% for the A/Year 2025-26 ? This budget is for the A/Year 2025-26.
This is the ache din which they have promised. Only giving more and more nuisance to the public.
Kahi ka clarification : likha tau hai Saaf Saaf:
87A. Provided that where the total income of the assessee is chargeable to tax under sub-section (1A) of section 115BAC, and the total income-
(a) does not exceed seven hundred thousand rupees, the assessee shall be entitled to a deduction from the amount of income-tax (as computed before allowing for the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to one hundred per cent of such income-tax or an amount of twenty-five thousand rupees, whichever is less;
Nice Analysis 👍