Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: ruclips.net/video/wtriages-KQ/видео.html EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) docs.google.com/spreadsheets/d/1FkaY8D_ufX85gVLwvWMgPVQDsGMrjIyp/edit?usp=sharing&ouid=107911354467397613945&rtpof=true&sd=true
Well explained ok one suggestion Show all eligible maximum deductions in each section so that one can understand each and invest accordingly Using Excel calculator one can find which is better I used old for me and new for my wife pl show one example with all deductions with all sections in old method since many will invest differently No deductions in new method but beneficial for some in new one Your good explanation Thanks
I am a super senior citizen having net taxable income exceeds Rs 5lacs for fy 22-23 pension and other income. I have to pay tax only for the amount exceeding Rs5 lacs? Or have to pay addl amount of Rs Rs12500 from 2.5 to 5lacs? There are different version pl clarify namaste. Tax expert says super senior citizen is totally exempted tax from 2.5 to 5lacs
Employer Contribution is exempted in new tax regime. Whether employee's contribution is also exempted in new tax regime ? which is deducted from salary.
Thanks for the details.. I have 2 doubts in your Excel 1.For the gross salary 5L, tax is showing 0 in new regime - please clarify this because 5% tax is applicable from 2.5 L to 5 L in new regime. 2. If i input the NPS value, it is deducted from new regime Thanks to clarify
Thank you for you information bro. I have doubt bro, PF and VPF contributions will be calculated under 80c or it will treat separate deductions? Please response ASAP. It will help for me
Hi sir, Housing loan co applicant yepudi income tax claim panrdhu detail ha solungha, principal and interest 2um debit aghum bothu yepudi calculate panum solunga
Old tax regime பதிலாக new tax regime declaration பண்ணி விட்டேன் financial year 2021 to 2022 இதனால் rs15000 ரூபாய் income tax cut ஆகிவிட்டது income tax return file ல் பணத்தை திரும்ப பெற முடியுமா ?
இது மத்திய வரி வாரியத்தின் சூழ்ச்சி,கொஞ்சம், கொஞ்சமாக , deduction, மற்றும் இதர சலுகைகளை வரி செலுத்துவோ ரிடம் இருந்து பிடுங்குவத்ற்காக புது வித வித்தயை கையாளுகிறார்கள்.
Can you please tell me what is standard deduction you have mentioned here. May i know why didn't you include PF for exemption? Waiting for your valuable reply sir
std deduction is 50K deduction available for all tax payers opting old regime. This was introduced in 2018 with the removal of domiciliary medical allowance & transport allowance. I have not shown PF, because I used PPF and ELSS. It is just an example.
Last Financial year I choose new tax regime, can I change old tax regime to this financial year sir. Kindly clarify my doubts sir. How to do the changes. 🙏
Under 80c max 1.5L across all investments. Nps will give you additionally upto 50k deduction. Watch this video for more clarity - ruclips.net/video/EYTM3JpaKPU/видео.html
Hi Bro , I have accidently chose new regime for the last financial year in my company portal. I have tax exemption for HRA premium . Epo IT return file panum potu Old regime chose panalama tax redumption pana. Portal ah option eruka bro EPF declare pana
There is a SERIOUS mistake in the Excel sheet. If we have an NPS contribution in the FY 2021-22, in the New Tax Regime the NPS amount will be deducted from the gross salary income.
@@thinkingtamizha007 Deduction in respect of contribution by Employer to pension scheme under section 80CCD (2) is still deducted as part of Chapter VI-A. This is the NPS contribution thru the employer.
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: ruclips.net/video/wtriages-KQ/видео.html
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) docs.google.com/spreadsheets/d/1FkaY8D_ufX85gVLwvWMgPVQDsGMrjIyp/edit?usp=sharing&ouid=107911354467397613945&rtpof=true&sd=true
Hi Sir
I have one doubt. I wrongly selected new tax regime in my company. Can I change and fill it in tax efilling portal?
Hi bro, there is a mistake, All other exemptions are not included in taxable income column. Kindly check.
Bro, couldn't get excel file
@@abzi2000 Download and use. Dont edit in browser.
@@SivaRaam1997 Thanks Brother. corrected now. Pls check
ரொம்ப தெளிவா, பொறுமையா விவரங்களோட விவரிச்சுருக்கீங்க! ரொம்ப நன்றிங்க!
Learning many topics related to finance world .. great content bro ..keep on educating us ..!! May god blesses you with more happiness ❤️
அரிய விளக்கம். மிக்க நன்றி.
Very good work sir, you made it very easy. Much useful one and well explained. Thanks for the Excel doc.
very useful, thankyou team
Very good teaching skills and you are the best. Thanks a lot for making such wonderful information videos.❤❤❤❤❤❤
Thank you so much very useful for your explanation
thank you very much bother , naa intha clear calculation kaaga rmba days theadunen .. thanks for the excel sheet .. god bless you .. rmba nandri
All your videos are very useful for new job joineess....
Very very very super explanation
Very well explained. Just subscribed now!
Thank you for your Useful information sir.
Very clear and understandable
Super, video is very clear to understand.
Nice explanation
Well explained bro. Keep it up
Grt explanation bro...Good. very informative...kudos
Thank you so much brother. You are so helpful. God bless you !
தகவலுக்கு நன்றி
Really helpfull thanks a lot 🙏 ❤
Crystal clear explanation
Romba nandri sir.
Very informative , appreciate the efforts ,keep it up bro
Great explanation
Very good explanation
Hi Brother, Thanks for the complete explain about the Income tax process.
Very useful
Super explanation sir
Very good Video sir
It was useful, Liked and subscribed
Very good speech
Very good work
keep up the great work! very good explanation and the calculator is a saver!
Very useful Bro. One of the best i have seen. Shared to many of my friends
Nandri Bro 🙏🏾
Vera level... Sema explanation bro 👌👌
Good work 👍 useful one ❤️❤️
Romba nandri
Very informative 👌👌
அருமை நண்பரே
Super sir... Well explained much appreciated🙏
A great dedicated video bro Crispy examples with clear idea. XL sheet is damn good !!! Thanks to you 😊😊
Nice.
Excellent ❤
Great explanation..
Great examples 👍
Good and clear explanation bro..😊👍
Well explained ok one suggestion Show all eligible maximum deductions in each section so that one can understand each and invest accordingly Using Excel calculator one can find which is better I used old for me and new for my wife pl show one example with all deductions with all sections in old method since many will invest differently No deductions in new method but beneficial for some in new one Your good explanation Thanks
Very well explained. Please make a video on possible avenues for NRI can save on Tax / NRI tax benefit methods. Thanks in advance.
Super senior citzen I t calculation podunga please
Even nirmala may not explain such an endeavour explanation. Your knowledge is wise. Thank you very much Sir..
Useful video 🌠
Super
Leave Travel Allowance pathi detailed video upload pannunga sir
Thank you sir
So thanks sir
Semma keep it up
Thank you Bro
I am a super senior citizen having net taxable income exceeds Rs 5lacs for fy 22-23 pension and other income. I have to pay tax only for the amount exceeding Rs5 lacs? Or have to pay addl amount of Rs Rs12500 from 2.5 to 5lacs? There are different version pl clarify namaste. Tax expert says super senior citizen is totally exempted tax from 2.5 to 5lacs
LTA pathi video podunga ji..
Bro, could you explain about income from other source section? And also please let us know how to avoid paying taxes for that section.
Lic individual person 2 policy ah cover panah mudiyumah
Employer Contribution is exempted in new tax regime. Whether employee's contribution is also exempted in new tax regime ? which is deducted from salary.
Watch out video series on 80C deductions. You ll get more clarity
Hi bro. Thanks for the valuable information.
Please do a video on section 80E (Educational loan tax exemption).
Will try
Perfect bro
@THINKING TAMIZHA Excel sheet not available. Could you please upload it once again.
குட் ப்ரோ 👍👍👍
இந்த ஆண்டு புதிய முறையில் வருமான வரி கட்டிய பிறகு அடுத்த ஆண்டு பழைய முறையில் மாற முடியுமா சார்
NSC savings kuda income la include pananuma bro.. ila maturity time la dhan include aguma
Thanks for the details..
I have 2 doubts in your Excel
1.For the gross salary 5L, tax is showing 0 in new regime - please clarify this because 5% tax is applicable from 2.5 L to 5 L in new regime.
2. If i input the NPS value, it is deducted from new regime
Thanks to clarify
1) Below 5L, there is tax rebate under 87A.
2) Thanks. I have reuploaded the excel. Can you check now?
@@thinkingtamizha007 Sir, Kindly share re-upload link
Annual income means Annual Gross Pay or basic pay
I want to file form 10IE for assessment year 2022-2023 but it is not available in portal. Why? any idea?
How to get3bhk 2bhk plots with usd
Sir. How to file itr if person suddenly becomes unemployed.
Thank you for you information bro. I have doubt bro, PF and VPF contributions will be calculated under 80c or it will treat separate deductions?
Please response ASAP. It will help for me
Same doubt bro
download agala
Last year I chose new tax regime wrongly. can I get refund by filing ITR? Can you explain in video bro?
Hi sir,
Housing loan co applicant yepudi income tax claim panrdhu detail ha solungha, principal and interest 2um debit aghum bothu yepudi calculate panum solunga
Tax calculator File not found
In the old tax regime tax level starts from 2.5 lakhs but new tax regime it is 3 lakhs.
This is an old video. I have mentioned this in description
Old tax regime பதிலாக new tax regime declaration பண்ணி விட்டேன் financial year 2021 to 2022 இதனால் rs15000 ரூபாய் income tax cut ஆகிவிட்டது income tax return file ல் பணத்தை திரும்ப பெற முடியுமா ?
80d Not working in the excel
Nan EPF pay pandren.. but 80C la EPF cover agathu PPF matum than nu enga company la soldranga.. epdi ???
Epf employer contribution is outside 80c.. but employee contribution in epf is covered in 80c only.. ask them very clearly..
@@thinkingtamizha007 ok sure thanks
இது மத்திய வரி வாரியத்தின் சூழ்ச்சி,கொஞ்சம், கொஞ்சமாக , deduction, மற்றும் இதர சலுகைகளை வரி செலுத்துவோ ரிடம் இருந்து பிடுங்குவத்ற்காக புது வித வித்தயை கையாளுகிறார்கள்.
Hi bro for new tax regime also have standard deduction 50,000 right ?
Is professional tax will be deducted in new regime as well?
Standard deduction what bro?
Can you please tell me what is standard deduction you have mentioned here. May i know why didn't you include PF for exemption?
Waiting for your valuable reply sir
std deduction is 50K deduction available for all tax payers opting old regime. This was introduced in 2018 with the removal of domiciliary medical allowance & transport allowance.
I have not shown PF, because I used PPF and ELSS. It is just an example.
@@thinkingtamizha007 Thank you sir👍👍👍
Last Financial year I choose new tax regime, can I change old tax regime to this financial year sir. Kindly clarify my doubts sir. How to do the changes. 🙏
Yes.. you can..
In 1 st example, 7 lacs under rebate no need to pay any tax right in new tax regime??
This is an old video. check out our latest video on this topic
Children school fees also tax exemption la varuma? If so under which section? How much?
Brother
I chose new regime in April 2022 without knowing much about exemptions.. is it possible to change to old regime anyway?
Yes. When you file income tax returns
sir, how to download this file ...
Can i use the excel calculator today? Is it updated to latest budget?
There is a new video in our channel. it has the updated details
Am investing 150000 in PPF , NPS for 24000 per annum , ELSS 150000
For this how much should i add in PPF & ELSS column
Under 80c max 1.5L across all investments. Nps will give you additionally upto 50k deduction. Watch this video for more clarity - ruclips.net/video/EYTM3JpaKPU/видео.html
Bro 5.45l enoda CTC So enaku tax irka someone please reply
Hi Bro , I have accidently chose new regime for the last financial year in my company portal. I have tax exemption for HRA premium . Epo IT return file panum potu Old regime chose panalama tax redumption pana. Portal ah option eruka bro EPF declare pana
how to choose old tax or new tax
Thats what we have discussed in the video. watch it fully.
i am not able to down load the excel kindly help me sir
What is the error im downloadinh
There is a SERIOUS mistake in the Excel sheet. If we have an NPS contribution in the FY 2021-22, in the New Tax Regime the NPS amount will be deducted from the gross salary income.
New tax regime doesnt have any tax deduction benefits in your gross taxable income
@@thinkingtamizha007 Deduction in respect of contribution by Employer to pension
scheme under section 80CCD (2) is still deducted as part of Chapter VI-A.
This is the NPS contribution thru the employer.