All Deductions in Section 80C, 80CCC, 80CCD, 80D in Hindi (Chapter VI A)
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- Опубликовано: 2 окт 2024
- All Deductions in Section 80C, 80CCC, 80CCD, 80D in Hindi (Chapter VI A)
In this video we will see all deductions in Section 80C, 80CCC, 80CCD, 80D, etc. in hindi which belong to chapter VI A of income tax act. These deductions are applicable in FY 2021-22, FY 2022-23 and in future financial years as well until there are any changes in budget. These deductions can be claimed only in Old Tax Regime. New Tax regime does not allow to claim these deductions since they are reduced tax slab rates.
You can invest in these deduction options to save income tax.
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CHAPTERS:
00:15 Deductions in Section 80 Intro
00:43 What is Income Tax Deduction?
01:12 Who can claim income tax deductions?
01:31 Benefits of using Income Tax Deductions (Example)
02:40 How to Calculate Income Tax with Deductions
05:24 All Deductions with Maximum Limits
05:42 Section 80C Deductions
06:45 Section 80CCC Deduction
07:05 Section 80CCD(1) & 80CCD(2) Deductions
08:02 Section 80CCD(1B) Deduction
08:32 Section 80TTA Deduction
09:08 Use Savings Account Interest Calculator
10:06 Section 80TTB Deduction
10:26 Section 80GG Deduction
10:25 Section 10 Deduction
11:10 Use HRA calculator for HRA exemption
11:36 Section 80E Deduction
11:53 Section 80EE Deduction
12:08 Section 24 & 80EEA Deductions
13:12 Section 80D, 80DD, 80DDB, 80U Deduction
13:51 Section 80GGC, 80RRB Deductions
14:44 More Excel Calculators
17:05 Can you get Tax Refund by filing ITR?
18:30 Home loan Stamp Duty & Registration amount can be claimed?
19:06 How to calculate Section 80C deductions?
19:45 Claim HRA without HRA component in salary payslip?
20:07 What is Tax Rebate u/s 87A?
21:17 Recurring deposits can be claimed as deduction?
21:28 SIP can help in saving Income Tax?
Income Tax Calculation 2022-23: • Income Tax Calculation...
NPS Account Opening: • What is NPS How it Wor...
Savings Account Interest: • Bank Savings Account I...
HRA exemption Calculation: • HRA Calculation Formul...
Home Loan EMI: • Home Loan EMI Calculat...
Home Loan Prepayment: • Home Loan EMI Prepayme...
Old vs New Tax Regime: • Which Tax Regime is Be...
What is Income Tax Deduction?
Income tax deductions are the options belonging to investments or expenses that occur, which help you reduce your taxable income and save income tax by reducing your tax liability. You can save income tax by investing in these deduction options
Who can claim income tax deductions?
Individuals that are salaried or businessmen or pensioners and HUF can use these deduction options to claim income tax deductions
Section 80C Deductions
This deduction include Investment in PPF, Employee’s share of PF contribution, NSCs, Life Insurance Premium payment, etc. (Maximum Rs. 1,50,000)
Section 80CCC Deduction
For amount deposited in annuity plan of LIC or any other insurer for a pension from a fund referred to in Section 10(23AAB)
Section 80CCD(1) & 80CCD(2) Deductions
Employee’s contribution to NPS account & Employer’s contribution to NPS account respectively
Section 80CCD(1B) Deduction
Additional contribution to NPS (Maximum Rs. 50,000)
Section 80TTA Deduction
Interest Income from Savings account (Maximum Rs. 10,000)
Section 80TTB Deduction
Exemption of interest from banks, post office, etc. Applicable only to senior citizens (Maximum Rs. 50,000)
Section 80GG Deduction
For rent paid when HRA is not received from employer (Maximum Rs. 60,000)
Section 10 Deduction
HRA exemption if HRA received from employer
Section 80E Deduction
Interest on education loan
Section 80EE Deduction
Interest on home loan for first time home owners (Maximum Rs. 50,000)
Section 24
Interest paid on home loan (Maximum Rs. 2,00,000)
Section 80D
Medical Insurance - Self, spouse, children and parents
Section 80DD, 80DDB, 80U
Medical treatment for handicapped dependent, Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD, Self-suffering from disability
Section 80GGC
Contribution to political parties
SIP can help in saving Income Tax?
SIP in ELSS (Equity Linked saving scheme) can help in saving income tax
#Deductions #SaveIncomeTax #FinCalC
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.
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I have one question.
The house is registered in my wife's name however, I am paying the whole EMI. Can I claim income tax rebate on home loan?
She is applicant and I am co-applicant in the loan....
It is necessary to have my name in the registration property paper as co owner to claim ??
Yes. You must be a co owner of the property as well to claim tax benefits
@@fincalc but my wife is house wife she is not claiming, still I have to be co owner?
My name is there is words in the paper with her (as wife of Mohit saran) like this…
@@mohitsaran07 your wife name there is only for as a owner but you are the deemed owner of that house because your spouse is your responsibility as she is house wife. There is also an another case that in case of this the government assumes you both are liable for each other as your wife is real ower but you have to pay the tax to the government and as well you can claim these benefit.
Sir, income tax deduction me mutual fund sip allow nahi hai kya
allowed hai ELSS me
How much deduction under 80D. My age is above 60 years.
if i have purchased any property & i'm paying emi for that to bank or bulider, can i get any benefit in my tax.
Sir Projected Balance Sheet.... Estimated Balance Sheet Kaise Tayar Ki Jati Hai Espe Ek Detailed Video Banaye Sir.. 👌👌👌🤓🤓👨💻👨💻👨💻
ELSS tax saver mutual fund me alag se 150000 ka chhut milega ki , total 150000 ke under me
section 80c me hi include hoga ELSS.. maximum 1.5 lakh
Section 80dda benefits kaise le sakte hai (my son is handicapped)
Please read this: fincalc-blog.in/section-80dd-income-tax-deduction-for-differently-abled/
Main student hun main tax slab me nahin aata. main soch Raha hoon stock exchange me 25k lagao
Aur agar mujhe 5k/10k ka profit hota hai to kya mujhe short/long term capital gain tax bharna padega, aur kya trading karne per ITR bharna mandatory hai Agar total annual income 1 lakh se kam hai tab bhi?
isn't 50k standard deduction different from 80c
yes different
@@fincalc I think you mixed that in video
Im paying home loan. The interest deduction in past 6 months was around 1.8 lakhs. Will I get this interest back directly? If so then can you please guide me through the process. I'm in urgent need. My income is around 3 to 4 lakhs
You don't get interest amount back. You claim this interest amount to save your income tax
I got error chapter VIA in itr-1 even though my all details are correct as in form 16, sir tell me about this
If I invest today 1lac as lump sum amount in ELSS can I use that for next 3years as my ex exempt option or do I need to invest every year same amount to become eligible
If you invest in this year than you can claim for this year only.. for upcoming years you have to invest more separately
Sir ap accha kam kar rahe he parr apaki voice me problem aa raha he
Under 80D, 25k personal and 30k parents we can claim other than deductiom like 80C 1.5L + 80CCD I.e. 50k does my understanding is correct?
yes
Sir i am seafarier work on ship i have completwd 190 days out of india and my salery is more thwn 5 lak for last fy.. So which itr form i should file 1 or 2
Hi i have a question regarding 80C
If i invest 1.5L rs in PPF and PF of 2000 rs is also deducted from my salary every month….so how much will be my taxable income if my investment goes above 1.5L in 80C ? Will the PF of 2K every month be a part of my taxable income ?
So your 80C deduction goes above 1.5 lacs by adding pf and ppf amounts. But you'll be able to claim only 1.5 lacs as that is the maximum limit. You'll be mentioning both amounts while filing itr but only 1.5 lacs will be considered
@@fincalc and for the rest of the amount above 1.5L..in my case say 2000*12=24k will be part of my taxable income ?
@@ps4909 yes.. you could have just invested 1.5 lacs minus 24000 = 1,26,000 in PPF and completed 1.5 lacs deduction in 80C (pf + ppf). And use the remaining 24000 in your expenses may be or save for short term.
But entire 1.5 lacs invested in ppf is also good as it is for long term. You can plan accordingly next time.
Also there is another section 80CCD(1B) that you can use to claim more 50,000 apart from this 1.5 lacs.
Watch this video: ruclips.net/video/S5UdcX7whCM/видео.html
Hope this clears.
@@fincalc Thanks a lot for the information 🙂
Satnam Shree Waheguruji 🙏🙏🙏
Is it possible to do investment under both tax saving FD and PPF under 80C, if have to show Rs.2.5lakh investment?
For eg. FD=1.5 lakhs
PPF=1 lakh
No only 1.5
I am salaried. If I don't claim HRA in beginning. Can I claim 60000 under 80GG while filling ITR
Yes should be able to if you stay on rent
@@fincalc Thanks you. I was thinking a lot and worried about the same. Your response helps 🙂
My income of 501000 net after all deductions of 80c how can I make it less than 5lac?
You forgot deduction in EV LOAN INTEREST
I think you have mistaken. Standard Deduction is not part of 80C. Please check and clarify.
Sir mai FY- 22-23 ka itr file krunga toh old ya new regime se file krunga....pls help...which is better. ...I m centra Govt. Employee. ..
Red cross aur flag fund kon se section main aata hai
Chapter kaha likhe
hote h
Can you guide me why I cannot fill the figures since the slots are shown as disabled
Which post office scheme I can invest for income tax deductions
Hi sir, Agar Employer Contribution for PF Employee CTC se hi deducted kar liya gaya hai, or employee PF b deducted ho raha hai monthly to kya hum Employee PF + employer contribution dono amount ko 80c ke deduction mai le skte hain.
Sir thanks for sharing such a great information
Most welcome
My Contribution towards provident fund is eligible for deduction under 80C , But what about my employers contribution? The employer also equally contributes towards my provident fund, is that amount also eligible for deduction?
Fin calc ka calculations share kar sakte to bahut useful raheta.
Acha. Yaha se aap check kar sakte ho tax calculation fincalc-blog.in/income-tax-calculator/
Hum har section mai 1.5lac ka benefit le sakte hai ya fir total 1.5lac ka benefit le sakte hai..?
Very informative
Glad it was helpful!
Under 80D can we claim medical expenses or health checkup if yes what proof we need to submit
Sir private trust ko kon kon si deduction milti ha।
What is the maximim amount we can get from itr? 400000?
Excel file share krdo buddy
pl.clarify if the deduction u s80-G is allowable in addition to the deductions available under chapter 6-A
Well explained
Video started from 5:30 😅 thanks me later 😂
From where I will get the excel
All excel from my website here fincalc-blog.in/blog/
@@fincalc plz provide the excel you have used in this video
Prachar jyada karte ho aap video lamba ho jata h
Aage se dhyan rakhenge
Very nice
Thanks 👍🙂
Not clear.
LIC me Jo 1.5lakh Ka tax exemption milta hai yearly ..ye principal amount pe hai ya interest pe hai..
LIC par nhi lic ke premium par agr 10% premium de rha hai tb use sec 80c me lenge aur agr nhi to sirf 10% hi lenge total amount ka... Aur phir under section 80c ke andr jitna income aata hai usmai 150000 Deduction milta hai
Bike loan pe chhut milta hai kya
Nahi
Sir
Sbi life insurance konse mai aata h
80c
आपने एक गलती कर दी है ।। स्टैण्डर्ड डिडक्शन 80c के अंतर्गत नही आता है।।
No. ITR is not accepting standard deviation (50000)+ 80C (150000)
= 200000