A suggestion. Could create a playlist specifically meant for someone who is just beginning her/his career? I wish I had someone like you to set the correct course of action when I started my career.
Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now: 1) Basic salary is 52% of gross salary 2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right? Can someone tell me if I need to talk to HR regarding this? Please share ur valuable knowledge!🙂
Thanks a lot Ankur for sharing this details view of the Salary slips, I really needed this at this point in time. Got to learn about the taxation as well through this. Keep sharing such helpful content. Stay health and happy as always. Have a fruitful day ahead !!!!
Really liked the way you concluded saying that don't look for shortcuts, be genuine with your bills and don't do anything that damages your reputation while going against the laws of our nation! Hats off :)
The closing talk is so touching! So much of useful information!The best part is, to explain abt payslips, u didn't go with a computer screen recording video with G-sheets calculations, u nailed it by the way u articulate things👌🏻😍👏🏻
Great videos sir! A small error in your video - the HRA is the minimum of (Actual Rent Paid - 10% of Basic Salary, and other two) instead of the minimum of (10% of Basic Salary and other two options).
Had been working in Wipro from past 3 years, Didn't know the full form of CTC. Although I know the gross salary, CTC ,tax ,PF , Gratuity etc. but I still enjoyed the video, ..This is what my mom was saying,teach someone like you are teaching a kid, Amazing series sir
WOW even my HR didn't explain me in such a way. I thanks a lot. I use to hate finance coz numbers used to go out of my head but after watching your video now I realized how interesting finance can be. Thanks a lot number.
I am binge watcher of your channel. And this is by far my most favourite video of yours. I can see a lot of genuine care; thirst and satisfaction in sharing knowledge to others, in your presentation. Keep up the good work brother. You are a gift to a lot of people like me 👍
I can't tell you how much this has helped. I am new to this and didn't understand where all these numbers and percentages are coming from and how they are calculated. Thanks a lot
It's been 5 years since I working but never put focus on my salary slip.really nice information you have shared, it would be great if you make video on how someone can plan their investments which will be helpful in tax saving as well as for their own savings. specially for people who are in mid 20s they knows they are paying taxes but how to control them have no idea.
Ankur - you are doing a great job in simplifying financial literacy for all which ideally should be taught in school/college before one starts earning. Having a finance background I often take these topics (e.g. savings vs investment, taxability, rent vs buy) for granted and have analyzed these myself before making finance decisions, but reading the comments on your posts I am amazed how many folks are not aware of implications of these topics on their personal finances and a big impact on their life as well. Kudos, more power to you!
It's a bite-sized video for all the graduates, with a whole lot of knowledge which is both crucial and easy to grasp. You're such an eloquent person. Thanks for this amazing video. Looking forward for more related, in-depth videos !
I have been a working professional since one and a half years...though not in the tax bracket yet...but yes it is today I understood my salary slip and the benefits I can get if I follow this video wisely... thank you so much sir🙏😁
Hello Ankur, I have subscribed today to this lovely valuable channel.. Yesterday I found one of your video and started to watch videos one by one. This channel is worth more than million subscribers. Thanks alot for motivating and sharing things that every one should know!!
Great video, extremely helpful as always. A minor correction - The HRA exemption is calculated on the basis of 3 components as correctly described. But the 1st component is "Actual rent paid minus 10% of Basic salary (plus DA if applicable) ", instead of '10% of basic'. Anyway, keep up the great work! Amazing content 😃
I am Chartered Accountant by profession and i loved the way how you explained Basic Salary as an arbitrary number. For Medical and Conveyance Allowance, now there's a standard deduction of Rs. 50,000/- . Also, for PF 12% is on (Basic Salary + Special Allowance) after Supreme Court Decision.
Great video as always, sir! I have joined my first company as a fresher Software Dev and you have been a great mentor. There's just one correction that I would like to point out. At 19:08 - The first formula for calculating your HRA is not correct. It's not 10% of Basic. It's actually Your Rent - 10% of Basic. Hence your HRA will be a Minimum of: - 1. Your rent - 10% of basic 2. 50% of basic if in Metro or 40% of basic if in Non-metro 3. Your actual HRA set by company
Your explanation dispels the fog of doubts and apprehensions regarding the compensations and investments ..Very crisp, crystal clear insight into the details...💯 on 💯👌
Looking at my salary slip now, I see, there is another component which is professional tax which is deducted every month and I believe that is imposed by our state government. Great video Ankur!
Forgery Rent Receipts that you mentioned was right on spot, many can relate. A lot of landlords deprive Tenants of any bills or any official online transfers but rather ask Rent in terms of Cash. Haha tax saving for them but a big loss to the Tenant. Pretty informative THUMBs UP.
According to your video the gross salary can be considered as in hand salary.then how to negotiate salary while applying for another job,gross or ctc🙄.Anywayss the video was extremely helpful 🙂
There is also this problem with having a small number for basic salary which is that when you quit your job, most payments like Leave Encashment, Gratuity, etc are most of the times calculated based on the Basic Salary. So it is a trade off between paying more potential tax and receiving less end-of-employment benefits... basically. Also, @11:50 it is not clear whether you mean 20% of 100 is 2 or are you rounding up 20 tax per month would be 2.
Sir, your videos are well connected to the audience and to the point communication. In this video, i just want to mention one correction in HRA section - it should be 1) [Actual rent - 10% of basic] and not [10%of basic].
Many companies just cut Rs 200 /- as professional tax and give the remaining amount(for example Rs 30000-200=Inhand Rs 29800). Can you please shed some light on it?
Hey, this was a really good explanation. Finally got to know what CTC means. Can you suggest a good place to learn about tax, saving taxes, and investments?
Day 1 Discussed about purchasing a home, you uploaded a video on the topic Day 2 Talked about ESOPs/ESPP with fellow colleagues and you upload a video on the very same topic Day 3 Was searching for insurance and asked a few friends about it, ended up finding a video on insurance on your channel! Please keep on making such amazing videos Ankur🥳
So like in the covid situation when everyone is working from home, we are still getting HRA so we are not paying any rent. So how do we submit rent receipts? Or claim deduction for not using HRA?
And here I was calculating 10%of basic again and again. 🤣 and the amount was coming very less like 1000-1200 for my 8k house rent. And I was like WHAT 😨only 1000 rs HRA for my 8k rent
In covid times companies are hiring freelancing consultants more instead of permanent employees. Can you please advise how and where Freelancing IT Consultant can do tax saving & file return e.g 44ADA etc Your concept are easy to understand & highly motivating cum interesting via RUclips video. If possible Please make video on the same
Im a fresher and this was EXACTLY what I was discussing today with coworkers. Your video was extremely helpful Ankur and I've mailed you as well, would be grateful if you could reply :) thank for the work u do❤
Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now: 1) Basic salary is 52% of gross salary 2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right? Can someone tell me if I need to talk to HR regarding this? Please share ur valuable knowledge!🙂
Hey Ankur.. Thanks for all the great content you are creating. I have one question to which I could not find any simple answer yet. How does compounding works for Stocks and Mutual Funds?
I worked so many years not known this much detail, didn't understand your hindi, since I don't know...read it subtitles... Really appreciated...👌🙏👏👍 Sir, please do videos in English language also....then, it will reach more people....
@@warikoo hi Ankur, it was an informational video. Thank-you for making this video. a little more written example could help more, please consider it for any next video in this topic.
it's not about watching videos and wasting your time on strategies, I was ignorant doing so.. So I decided to try Mrs Sonia and ever since then she has made about $14,000 for every $5,000 I invested just in two weeks
I might too have judged him for using a feminine example when it comes to taxes and finances...but if people observe in his other videos....he generally uses feminine pronouns. So I'm sure ...it isn't a stereotype🙂
Sir, your videos are excellent in terms of your presentation, explanation, your communication, the way you speak...and everything. Great going, Keep it up !
aaj tak bas kabhi tax saving pe dhyan hi nahi diya, 7 months ho gaye meri salary taxable ho gayi aur ab tk mene koi kuch submit nahi kiya ab next financial year pe submit krunga aur is video me tax ka bhi cover kiya isliye thank you so much, definitely must have knowledge hai finance and tax.
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This is what we need our HR to tell us....but they are busy in rangoli competition 🤦🏻🤦🏻 Thank you Ankur...you are awesome 👍
HAHA
They won't tell, it's strategy by every organisation
😄😄😄
hahahahahahahahahaha
😂😂😂
A suggestion. Could create a playlist specifically meant for someone who is just beginning her/his career? I wish I had someone like you to set the correct course of action when I started my career.
I want him to do this as well.
But most people work in startups where ctc and in hand are the same not beneficial to many
Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now:
1) Basic salary is 52% of gross salary
2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right?
Can someone tell me if I need to talk to HR regarding this?
Please share ur valuable knowledge!🙂
Thanks a lot Ankur for sharing this details view of the Salary slips, I really needed this at this point in time.
Got to learn about the taxation as well through this.
Keep sharing such helpful content. Stay health and happy as always.
Have a fruitful day ahead !!!!
After 4 yrs of working today I understood CTC completely , and from 20-21 I am paying tax for 1st time this was very useful thank you
Did not know Madara has to pay taxes. To akatsuki?
SAD DAY to see madara pay taxes :/
NANI..
Thanks for sharing this knowledge. Is pf deduct from the gross salary?
@@sudiptosadhukhan1580 gross salary is ctc - all deductible. So pf comes in deductible
Really liked the way you concluded saying that don't look for shortcuts, be genuine with your bills and don't do anything that damages your reputation while going against the laws of our nation!
Hats off :)
The closing talk is so touching!
So much of useful information!The best part is, to explain abt payslips, u didn't go with a computer screen recording video with G-sheets calculations, u nailed it by the way u articulate things👌🏻😍👏🏻
Itna accha kisine aaj tak nahi samjhaya tha....hats off and by heart thank you so much sir.....writing comment on 3.44 am 23 nov. 2022 with smile 😊
You’re trying to cover basics of all topics that matter to you and are important to all people. Appreciate that
Thank you so much
Thanks
Great videos sir! A small error in your video - the HRA is the minimum of (Actual Rent Paid - 10% of Basic Salary, and other two) instead of the minimum of (10% of Basic Salary and other two options).
did he meant 10% of gross salary & 50%-40% of basic salary?
In my salary slip it is 5% of basic
@@rushikeshkatkar7249 yes
Agreed, this is correct.
@@jaishivnani7768 how 5%, how it can be such low
This is the kind of teacher we all want. Very well explained sir!
Here I am just 17 year old but watching this video to gain knowledge as in 4 years I will be earning one💯🙏
Same here I am 19
I am 15
@@specsboy6610 me too
Bro learn communication stock market and you get as much knowledge of your field all the best 👍🏻
I also 17
Sir I am about to start my job and knowing this before my job was really eye opening.
Thanks for sharing
Had been working in Wipro from past 3 years, Didn't know the full form of CTC.
Although I know the gross salary, CTC ,tax ,PF , Gratuity etc. but I still enjoyed the video, ..This is what my mom was saying,teach someone like you are teaching a kid, Amazing series sir
With all the compliance training companies make us go through every year, they should make this video mandatory too.
WOW even my HR didn't explain me in such a way. I thanks a lot. I use to hate finance coz numbers used to go out of my head but after watching your video now I realized how interesting finance can be. Thanks a lot number.
I feel I'm getting smarter by watching your videos and applying those in real life..
I wish somebody had told this to me before. Informative as usual! I eagerly wait for 3 videos + 1 live every week!! :)
I am binge watcher of your channel. And this is by far my most favourite video of yours. I can see a lot of genuine care; thirst and satisfaction in sharing knowledge to others, in your presentation. Keep up the good work brother. You are a gift to a lot of people like me 👍
Life me itni clarity chahiye. Thank you so much Ankur for this video!!!
I love the way he explain all these things with so much ease. Love to Team Warikoo.
Now connected to you via newsletter, linkedin, Instagram and now YT.. jahan se gyan mil rha h lelo re baba..❤️❤️
I wait eagerly for your videos on Tuesday , Thursday and Saturday.
I really don't have idea about all these taxes. So thankyou sir for explaining simply 🙏🏼❤️
Thank you for this.. I just started working and needed this information. Thanks again
Glad this helps! All the best for your job 🙂
This is Best Explanation I've seen on RUclips. Kudos to you ! Dil Jeet Liya !
The apt title should've been "Deciphering your Salary Slip". Thanks a lot.
But that wouldn't add up to search engines ; and Click bait ...
I can't tell you how much this has helped. I am new to this and didn't understand where all these numbers and percentages are coming from and how they are calculated. Thanks a lot
The special allowance fact blown my mind.
Sir can you explain this by actually
Using salary slip .
Getting this knowledge from a seasoned experienced person for free is nothing short of a boon. Thank you sir.
It's been 5 years since I working but never put focus on my salary slip.really nice information you have shared, it would be great if you make video on how someone can plan their investments which will be helpful in tax saving as well as for their own savings. specially for people who are in mid 20s they knows they are paying taxes but how to control them have no idea.
The best explanation on salary slip out of all the videos I have seen till now🙏
Congrats for 100K!!🎉
The Most Informative Channel on YT!!🙏
Its 1m+ now
I am definitely going to watch this whole video fro 3 more times. Vo kehte hai na "the more you listen, the more you learn"
Amazingly explained.
Ankur - you are doing a great job in simplifying financial literacy for all which ideally should be taught in school/college before one starts earning. Having a finance background I often take these topics (e.g. savings vs investment, taxability, rent vs buy) for granted and have analyzed these myself before making finance decisions, but reading the comments on your posts I am amazed how many folks are not aware of implications of these topics on their personal finances and a big impact on their life as well. Kudos, more power to you!
You are awesome Mr.Ankur😃😃 My life seems so sorted because you exist🤓 and you choose this profession 😍
Super video! Very very informative. This should be a part of the pre-placement curriculum for each student. I wish I had learned this sooner.
This is the best video... I have watched till now❤
It's a bite-sized video for all the graduates, with a whole lot of knowledge which is both crucial and easy to grasp.
You're such an eloquent person. Thanks for this amazing video.
Looking forward for more related, in-depth videos !
I have been a working professional since one and a half years...though not in the tax bracket yet...but yes it is today I understood my salary slip and the benefits I can get if I follow this video wisely... thank you so much sir🙏😁
Ankur Warikoo is a blessing to YT. Really informative video
Thank you ☺️☺️
A video which every worker must watch,very well explained with subs
Thanks, we were all so lazy to even look for these terms in our Salary Slips. Grateful for this video :) Make one video on Understanding TAX.
Hello Ankur, I have subscribed today to this lovely valuable channel.. Yesterday I found one of your video and started to watch videos one by one. This channel is worth more than million subscribers. Thanks alot for motivating and sharing things that every one should know!!
Great video, extremely helpful as always.
A minor correction - The HRA exemption is calculated on the basis of 3 components as correctly described. But the 1st component is "Actual rent paid minus 10% of Basic salary (plus DA if applicable) ", instead of '10% of basic'.
Anyway, keep up the great work! Amazing content 😃
Can only the actual House rent be considered as HRA?
And he mentioned gross is the closest to take home instead of Net? Was that correct too?
Thank you sir been trying to understand it for a month, I would say this so well explained that even a 5 year old would understand.
I am Chartered Accountant by profession and i loved the way how you explained Basic Salary as an arbitrary number.
For Medical and Conveyance Allowance, now there's a standard deduction of Rs. 50,000/- .
Also, for PF 12% is on (Basic Salary + Special Allowance) after Supreme Court Decision.
Very prectical and infar metive . Best
Great video as always, sir! I have joined my first company as a fresher Software Dev and you have been a great mentor. There's just one correction that I would like to point out. At 19:08 - The first formula for calculating your HRA is not correct. It's not 10% of Basic. It's actually Your Rent - 10% of Basic. Hence your HRA will be a Minimum of: -
1. Your rent - 10% of basic
2. 50% of basic if in Metro or 40% of basic if in Non-metro
3. Your actual HRA set by company
Yes, that is correct, he stated incorrect calculation in the video.
Your explanation dispels the fog of doubts and apprehensions regarding the compensations and investments ..Very crisp, crystal clear insight into the details...💯 on 💯👌
Looking at my salary slip now, I see, there is another component which is professional tax which is deducted every month and I believe that is imposed by our state government. Great video Ankur!
Hi, in case of any assistance in filing your income tax return feel free to ping me.
Thank a lot such a very needful for fresher employees against thanks for your support by videos
Thank you for this profound knowledge sir ❤️ We often start getting paid without even being aware of these nitty gritties which are so important 👍
I am in class 11 but following you sir.
Because you always provide me a new perspective to see this society and world.❤️❤️❤️
Forgery Rent Receipts that you mentioned was right on spot, many can relate. A lot of landlords deprive Tenants of any bills or any official online transfers but rather ask Rent in terms of Cash. Haha tax saving for them but a big loss to the Tenant. Pretty informative THUMBs UP.
Excellent and brief video to understand salary slip with tax benefits..great work..thank you..sending best wishes for your channel from pinkcity 🙂
According to your video the gross salary can be considered as in hand salary.then how to negotiate salary while applying for another job,gross or ctc🙄.Anywayss the video was extremely helpful 🙂
Outstanding explaination
Happy 100k Ankur keep growing!🔥🔥🔥 (Don't mind me calling you Ankur just felt like I wanted to cause sir doesn't feel right)
This Video is very Helful. One of the things that today's youth need to know before joining the corporate world.
Thank you for this
👍🙏
☺️
Your personality and communication is insane man! 👍
There is also this problem with having a small number for basic salary which is that when you quit your job, most payments like Leave Encashment, Gratuity, etc are most of the times calculated based on the Basic Salary. So it is a trade off between paying more potential tax and receiving less end-of-employment benefits... basically.
Also, @11:50 it is not clear whether you mean 20% of 100 is 2 or are you rounding up 20 tax per month would be 2.
Thank you sir i even don't know what ctc means but now I am very clear about ctc and all
Sir, your videos are well connected to the audience and to the point communication.
In this video, i just want to mention one correction in HRA section - it should be 1) [Actual rent - 10% of basic] and not [10%of basic].
How nicely explained..sir..very useful information..Thank you.
Many companies just cut Rs 200 /- as professional tax and give the remaining amount(for example Rs 30000-200=Inhand Rs 29800). Can you please shed some light on it?
Your ctc is below tax slab
Deductions
Great point. So many companies more than 50 staff only deduct professional tax only. Why is like that?
I am so scared of not being financially educated. Hope I get there soon.
Hey, this was a really good explanation. Finally got to know what CTC means. Can you suggest a good place to learn about tax, saving taxes, and investments?
Investments are not to be done if you dont understand taxes.
Well this video is a good example for tax knowledge as 90% come under this.
Your information is very crystal and clear .. thanks for the informative video
Day 1
Discussed about purchasing a home, you uploaded a video on the topic
Day 2
Talked about ESOPs/ESPP with fellow colleagues and you upload a video on the very same topic
Day 3
Was searching for insurance and asked a few friends about it, ended up finding a video on insurance on your channel!
Please keep on making such amazing videos Ankur🥳
I am going to start my first job, Really helped to understand Salary slip, thanks a lot . Make more video like this .
Glad this helps :)
HRA is not 10% of Basic. It's Actual Rent Paid - 10% of Basic.
Quite rightly pointed out. HRA's one component of measurement is RENT PAID - 10% BASIC
Yes, or HRA or 50% of Basic, whichever is lowest of the 3
So like in the covid situation when everyone is working from home, we are still getting HRA so we are not paying any rent. So how do we submit rent receipts? Or claim deduction for not using HRA?
@@vasavshah7617 if you are getting HRA but not actually expending on rent, then you cannot claim HRA deduction in your income tax filing
And here I was calculating 10%of basic again and again. 🤣 and the amount was coming very less like 1000-1200 for my 8k house rent.
And I was like WHAT 😨only 1000 rs HRA for my 8k rent
Thank you so much for making this video it is very helpful😊
Most often, CTC is broken down into "Fixed + Variable" components.
How does this idea of "Fixed + Variable", fit into the discussion of this video?
Aapke bolne ka andaz behtareen hai
In covid times companies are hiring freelancing consultants more instead of permanent employees.
Can you please advise how and where Freelancing IT Consultant can do tax saving & file return e.g 44ADA etc
Your concept are easy to understand & highly motivating cum interesting via RUclips video. If possible Please make video on the same
Good information. Its been 2 yrs, I am working in a company and don't know the facts about the payslips. Thanks for this useful knowledge.
Im a fresher and this was EXACTLY what I was discussing today with coworkers. Your video was extremely helpful Ankur and I've mailed you as well, would be grateful if you could reply :) thank for the work u do❤
Iam a fresher and I have got a job offer yesterday.I got the offer letter accepted it and I notice 2 issues with it now:
1) Basic salary is 52% of gross salary
2) HRA allowance is only 45%(for metro cities like banglore it should be 50% right?
Can someone tell me if I need to talk to HR regarding this?
Please share ur valuable knowledge!🙂
Top notch explanation of all terms!! Helped me to clear my confusion
Hey Ankur.. Thanks for all the great content you are creating. I have one question to which I could not find any simple answer yet. How does compounding works for Stocks and Mutual Funds?
I worked so many years not known this much detail, didn't understand your hindi, since I don't know...read it subtitles... Really appreciated...👌🙏👏👍 Sir, please do videos in English language also....then, it will reach more people....
Im in final year and I just got placed. Pls let me know how to manage my finances as it seems confusing and scary
Coming soon :)
@@warikoo thank you!☺
@@warikoo gg
@@warikoo hi Ankur, it was an informational video. Thank-you for making this video. a little more written example could help more, please consider it for any next video in this topic.
The way you explained is really praiseworthy.
Hello Mrs Sonia is the Bitcoin trader and is legit and her method works like magic I keep on earning every single week with her new strategy
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Sonia trading services
Wow I'm just shock you mentioned and recommended Expert Mrs Sonia I thought I'm the only trading with her
I'm so happy for taking the bold step in working and investing $2000 with Expert Mrs Sonia a after a week I received $19,680 to my bank
it's not about watching videos and wasting your time on strategies, I was ignorant doing so.. So I decided to try Mrs Sonia and ever since then she has made about $14,000 for every $5,000 I invested just in two weeks
Thank you so much.. This video made my life much easier!
Hello warikoo, So how to negotiate while asking for CTC ?
Love the way you Answer All Questions ❤️❤️
I got scammed in this CTC trap. That time I wasn't know about this much.
Wo company walo aisa hi karte hain
Thanks for explaining in such a simpler way!
with the coming rule from April 2021, the Basic Salary could not be less than 50% of your CTC.
Amazing and very helpful video ♥️♥️
"Itna tax kyu de RAHI ho tum"
I might too have judged him for using a feminine example when it comes to taxes and finances...but if people observe in his other videos....he generally uses feminine pronouns. So I'm sure ...it isn't a stereotype🙂
Wow, thanks for noticing
Yes he uses faminine eg in all the videos.
Because of seagram's 💿 imperial Blue
Karen girl
This was awesome Video.
Sir, your videos are excellent in terms of your presentation, explanation, your communication, the way you speak...and everything. Great going, Keep it up !
sir u explain it so well.. You are Awesome
Most Underrated channel !
Please make more such videos.
Appreciate your effort🙏
Thank you so much Ankur. Can you please explain the salary and tax calculations by giving examples? And how can we earn more and invest?
Great explaination sir.I was very curious to know about salary distribution format and found ths video.Loved the way you explained.
aaj tak bas kabhi tax saving pe dhyan hi nahi diya, 7 months ho gaye meri salary taxable ho gayi aur ab tk mene koi kuch submit nahi kiya ab next financial year pe submit krunga aur is video me tax ka bhi cover kiya isliye thank you so much, definitely must have knowledge hai finance and tax.