Google sheet link: docs.google.com/spreadsheets/d/1apOzJKGqgoXKeuRjmtCEMzvbD_dzxB_0kR-KuDjIiRI/edit#gid=0 (Please create a copy of the same to get the edit access: Go to "File" - Click on "Make a Copy")
Under the new tax regime, taxpayers can claim the benefit of employer contributions to their National Pension System (NPS) account under section 80CCD(2) of the Income Tax Act.
ഇപ്പോള് ന്യൂ സെലക്ട് ചെയ്യ്തു കഴിഞ്ഞാൽ. പിന്നീട് അടുത്ത വർഷം മുതൽ ന്യൂ തന്നെ സെലക്ട് ചെയ്യേണ്ടി വരുമോ, രണ്ടുവർഷം കഴിഞ്ഞ് ഹൗസിംഗ് ലോൺ എടുക്കുമ്പോൾ ഓൾഡ് റെജീം ചെയ്യുവാൻ സാധിക്കുമോ
എനിക്ക് 720000 rs ആണ് വരുമാനം ഉള്ളത്, ന്യൂ റെജിം ൽ 50000 കുറച്ചു കഴിയുമ്പോൾ 7 ലക്ഷത്തിൽ താഴെ ആയതു കൊണ്ട് റി ഡക്ഷൻ കിട്ടുന്നുണ്ട്, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ മതിയോ, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ നെക്സ്റ്റ് yr ഓൾഡ് രജിം തിരഞ്ഞെടുക്കാൻ കഴിയുമോ
I had moved to new tax regime on july 2023 month, but now in Jan 2024 i had taken home loan (60 lakhs)..how can i save some tax here ? What should i do (CTC more than 15 lakhs)
One doubt... These 80C deductions are not possible in new tax regime? I think the new regime is the recent updated tax rate only and deductions should be applied while calculating thw IT to be paid. Correct me if I'm wrong. 😢
It depends on benefit sir. You can choose either old or new scheme according to your perspective. For eg: If a person have to file income tax, then he have the right to analyse which scheme provides benefit to him. If he want to avail the investments and other deductions, obviously he can choose old tax regime. Or say if the person have no such investments or any other factors, then he can choose new income tax regime.
Link open cheithitt "File" ennalu kanunnidath click cheyyanam. Athil "make a copy" ennulla option kanum. Athil click cheith puthiya copy undakki ath use cheythal mathiyakum
Hii enik 10 above CTC aanu...tax benefits kuravanu... Eee varsham(23-24) new regime il apply chytht next year old regime chyn pattumo...becoz Nxt year home loan pay chyund...
Google sheet link: docs.google.com/spreadsheets/d/1apOzJKGqgoXKeuRjmtCEMzvbD_dzxB_0kR-KuDjIiRI/edit#gid=0
(Please create a copy of the same to get the edit access: Go to "File" - Click on "Make a Copy")
Plz help with edit access on Google sheets
Ignore , able to create a copy
Good information. As per this information old tax is beneficial for me. My taxable income is above seven lakhs
Under the new tax regime, taxpayers can claim the benefit of employer contributions to their National Pension System (NPS) account under section 80CCD(2) of the Income Tax Act.
Thankyou dear 🥰
super,,,described in a simple manner...v pretty too 💪
Really helpful
Very helpful video thankyou
Thanks a lot .. your explanation was very clear
If you don't have any investments under 80c & 80d New tax regime is good tax rebate upto 7 LPA and a standard deduction for rs 50k no tax to be paid
New regime select ചെയ്താൽ..next year namuk old ലേക്ക് മാറാനുള്ള option undavo?,
@@sasikuttan9402yes every year we can select the tax regime as per our need.
Tnx sister
Under new tax regime, unable to give standard deduction. Can we deduct it from the income by ourselves?
ഇപ്പോള് ന്യൂ സെലക്ട് ചെയ്യ്തു കഴിഞ്ഞാൽ. പിന്നീട് അടുത്ത വർഷം മുതൽ ന്യൂ തന്നെ സെലക്ട് ചെയ്യേണ്ടി വരുമോ, രണ്ടുവർഷം കഴിഞ്ഞ് ഹൗസിംഗ് ലോൺ എടുക്കുമ്പോൾ ഓൾഡ് റെജീം ചെയ്യുവാൻ സാധിക്കുമോ
I opt old scheme
Hra oke veruthe 72000 oke kurach kanikunath thettale , hra yilum ntho kanakk illae
എനിക്ക് 720000 rs ആണ് വരുമാനം ഉള്ളത്, ന്യൂ റെജിം ൽ 50000 കുറച്ചു കഴിയുമ്പോൾ 7 ലക്ഷത്തിൽ താഴെ ആയതു കൊണ്ട് റി ഡക്ഷൻ കിട്ടുന്നുണ്ട്, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ മതിയോ, ന്യൂ റെജിം തിരഞ്ഞെടുത്താൽ നെക്സ്റ്റ് yr ഓൾഡ് രജിം തിരഞ്ഞെടുക്കാൻ കഴിയുമോ
I had moved to new tax regime on july 2023 month, but now in Jan 2024 i had taken home loan (60 lakhs)..how can i save some tax here ? What should i do (CTC more than 15 lakhs)
we cannot claim lic,health insurance ,elss mutual fund investments in new tax regime right?
ഈ വർഷം new എടുത്താൽ അടുത്ത year old ൽ ചെയ്യാൻ പറ്റുമോ 🙏🏻
Yes I think. You can change it during start of FY
You have given wrong slab rate in new and old regime.pls correct it
In old tax regime,
0-3 L - no tax
3. 1 - 5 L- 5%
5.1 - 10 L -20%
bexl 300000 is only for senior citizens above 60 ?
What abt senior citzens
How about people with higher income -example 30L per Annum, without Home loan with around 1.5 lakh tax saving investment, which regime will be better
Old regime is good if u pay a high rent. eg; 50k per month
You cannot avail entire rent money. it will be mnthly HRA*12 or rent -basic sal +DA or Rent amount out of this the lowest one will be considered.
Most people do not have home loan so new tax regime seems better
cant calculate in excel..its view only
I opt new tax regim
Which regmi is better for 8-9 lakhs ctc? Someone please help.
Please note I have home loan.
In the recent budget declaratio whether the deduction under nps and hl interest has been allowed?
What comes under Standard Deduction?
Hi,
To learn more about basics of income tax, click on this link: groww.in/blog/basics-of-income-tax-for-beginners
Thank you
very good
One doubt... These 80C deductions are not possible in new tax regime? I think the new regime is the recent updated tax rate only and deductions should be applied while calculating thw IT to be paid. Correct me if I'm wrong. 😢
80c not applicable for new regime bro
total salary 9,5 lakh home lan 1.75 lakh എനിക്ക് ഓൾഡ് റെജീം അല്ലെ നല്ലത്
Why we cannot claim any deductions under new tax regime? How we can reduce our income tax laibility if we have no ltcg & other incomes? Pls explain?
It depends on benefit sir. You can choose either old or new scheme according to your perspective. For eg: If a person have to file income tax, then he have the right to analyse which scheme provides benefit to him. If he want to avail the investments and other deductions, obviously he can choose old tax regime. Or say if the person have no such investments or any other factors, then he can choose new income tax regime.
Enek salary acnt credit 20k varunu und monthly,apol njan enth cheyanam
No need to file return
Income taxable limit il above annel mathram return file cheythal mathi ie 250000. Hope 20000 is excluding deduction
Monthly oru 50k to 55k salary kittunna oraalu ethu tax regmi aanu choose cheyyendathu? Home loan und. Someone please help.
the old tax regime is likely to be more beneficial.
5 lakh varey old alley nallathu educational loan undu
Newregimil taxable income 700000 thazhe vanna ltex rebate ethrayairikkum
From where Excel sheet dawnload Plz help
It's in description.
Old tax regime was much better. In new tax regime deductions are less and need to give higher tax. I dont see 50k std deduction for new tax regime.
80DD ithil etha proof vakendathu. Expense anoo
speed കുറച്ചു പറയണേ കാര്യങ്ങൾ നന്നായി പറയുന്നുണ്ട്.
18 lakh &above വിന്റെ കാര്യം ഒന്നും പറയുന്നില്ലല്ലോ.
Professional tax new regime il deduct cheyyamo?
No
മാഡം.. ഈ tax റേറ്റ് വരുന്നത് 2924. ജൂലായിയിൽ 3:39 കൊടുക്കുന്ന tax റിട്ടേൺ ഇൽ ആണ് ഈ 31..7..23.. ൽ അല്ല. തെറ്റിദ്ധരിപ്പിക്കല്ലേ
In the new regime tax slab taxes are less
Hra except ano new regime
No
Is i am able to claim my tax deduction
have u corrected the formula in excel sheet now? Can I download it?
Yes
Ee home loan interest ilathavarko?
Unable to open excel... how to get the access?
Link open cheithitt "File" ennalu kanunnidath click cheyyanam. Athil "make a copy" ennulla option kanum. Athil click cheith puthiya copy undakki ath use cheythal mathiyakum
Excel sheet engne anu edukunat discription l evde anu
Descriptionil und link.
3 lakh short term capital gain
And
80 k from f&o
No other income for me
Njn tax adakkendi varumo
No
Capital gains എല്ലാം separate head ൽ അല്ലെ കാണിക്കുക.....STCG-15%, LTCG-10%
Capital gains ellam realize cheyyumpo depends on duration LTCG or STCG deduct aaye accountil varu
Hii enik 10 above CTC aanu...tax benefits kuravanu... Eee varsham(23-24) new regime il apply chytht next year old regime chyn pattumo...becoz Nxt year home loan pay chyund...
Yes you can
Old
thanks dear
Old