Yes, Parliament me free ki Thali jo khani hai, monthly 70 litre free ka petrol jo claim karna hai aur jindagi bhar pension jo khani hai. Withdraw to karna padega na bhai, desh ke liye hum itn nahi kar sakte hai kya
It's like lpg subsidy ..1st take more money and rebate 200-300 rs.But now only 13 rupees is rebate ..so in future The government may change his mind and rebate a small portion.. Pls someone reply on this🙏
Rebate and refund both are different things ... Rebate means simple while computing taxes if the income is less than 7 lac then then you need not to pay any taxes ... On the other hand refund is simple that you have paid by means of TDS and claiming back in ITR filing
You will have to get this rebate in form of refund only. Because your employer doesn’t know your eventual annual income, he will keep deducting TDS based on monthly salary and slab rates, because they cannot suddenly deduct 25000 from your single month salary in case you disclose any other income in February.
Bro.. Rebate will be in the firm of refund only.. As, TDS will be deducted by the employer on his expected income... And we have to pay advance tax during the year., and at last we just only have to reconcile our assumptions.. So if person is eligible for rebate.. He will get refund only.. Bcoz amount has already been deposited to govt. account. 🙂
Employers calculate rebate too while calculating taxable income. Believe me when I say this. Yes there may be exceptions. But expected tax is always calculated after considering Rebate.
Yes but according to new scheme slab rate 7 lac income not tax allowed and old scheme slab rat 2.5 lac plus u invest in LIC, FD and others medical health insurance.
Please make a fresh video on today's personal tax slab (new & old), exemptions and how to save taxes......as per today's tax slab announcement 🙏 eagerly waiting for video ❤️
The rationale behind this is that the Govt wants people to adopt New Tax Regime and also to show that EWS category need not pay taxes. Funny thing is if someone earns rs. 700001, he/she will have to pay 25k as taxes.
One of the poorest budget in view of present scenario (महंगाई) for middle class- 1- GST should be decrease from 18% to at least 8-10% in health & term insurance policies. 2- No income tax should be applied upto 7lacs (as a rebate increase from 5lacs to 7lacs) in old tax regime 3- No income tax should be applied upto 10lacs in new tax regime. THANKS
Hello, will the 7L limit as per new regime for no tax (with 25k rebate) applicable for HUF also? In case, if I receive all 7L as a gift from my friend as initial funding in my newly opened HUF account. Will this case be treated for 0 tax same as like for individual taxation.
@@drriteshsharma6448 it's not abolished.... Pls check your facts. As per the reports new tax regime will be the default one but one can still choose the older one
@catfish9391 If increase in income is less than increase in tax payable before cess then u get Marginal Relief, but available in this new regime/Sec 115BAC follow karne me hi. For example if ur salary is 7.25L then tax payable is 27.5k while if ur salary was 7L then tax payable would be zero. Income increased by 25k but tax payable increased by 27.5k so u get Marginal Relief of 25k. Tax payable now is (27.5k-25k)+4% cess
Bilkul sahi hai bhai Modiji ne iske pahile bhi aisa hi kiya tha gas ki subsidy pe!! direct gas ki subsidy cut kar ke bhi de sakte the magar aisa nhi kiya to bola ki subsidy bank me jama hogi par aj Kya ho raha hai??
@@Mohsin_Khan1988 chacha rebate congress govt ke time se hi milta aaya hai😂 current govt ne toh bas uska amount bhada bhada ke 25000 kiya hai.... benefit hi Diya hai
What about every 3 lakhs to 15 lakhs of millionaires n billionaires? Why it won't0go on increasing 5% to 30% n then 40% then 50% then 60% then 80% for every millionaire n billionaire ? Why it got stopped only at 15 lakhs rs as if no one earning after 15 lakhs n not heaping up the currency hidden in their bathroom n underground n inside the bed n cot n walls .
Pranjal bhai , what about the one who is earning 7 lacs (or 7.75 lacs) only through equity LTCG and no other income. Will he/she have to pay any income tax as his total yearly income is only 7 Lacs (excluding that of equity LTCG) Will his LTCG above 1 Lac tax be refunded/reversed after deceleration in income tax of assesment year ? Kindly give clearity
This is useless since most middle class today earn more than 7 lac (with yoy rise in per capita income). I'm not talking about lower middle class just the middle class who do standard jobs/salaried it or elsewhere ..... Hence again budget proves its only for the below average (poor) and for the ultra rich ... In India - the story is always the same , middle class ko "thenga"
Hi Pranjalji. 7 lacs income par old regime me tax Zero hi hota hai. Upto 2.5 to 5 lacs Tax 5% (rebat) Exepmted 1.5 Lacs under 80C Standard deduction 50k
मेरा सॅलरी इनकम 4.90L (After all deduction and exemption) है, और शोर्ट टर्म कॅपिटल गेन Rs. 30000/- है, ईसमे 15% टॅक्स शॉर्ट टर्म कॅपिटल गेन पे देना पडेगा, लेकिन मेरा Taxable Income below 5L है तो मुझे 87A के छुट मिलेगी या नही |
Just to remind, Govt is giving rebate upto 25000.
It can be withdrawn any time just like LPG Subsidy... 😁😁😁
It will 😂
MKC govt ki 😭
@@mehwish.sibtain it must after 2024
Yes, Parliament me free ki Thali jo khani hai, monthly 70 litre free ka petrol jo claim karna hai aur jindagi bhar pension jo khani hai. Withdraw to karna padega na bhai, desh ke liye hum itn nahi kar sakte hai kya
Tu na krna withdraw laudia
बहुत बड़ा कन्फ्यूजन आपने आसानी से दूर कर दिया जो तमाम चैनलों को देख कर भी समझ नहीं आ रहा था
Because godi media is doing gibberish discussion on their channels.
@@Kf-Edits-s6b aagaya madarasachaap 😂
It's like lpg subsidy ..1st take more money and rebate 200-300 rs.But now only 13 rupees is rebate ..so in future The government may change his mind and rebate a small portion..
Pls someone reply on this🙏
Well said...!
well it's inevitable under Nirmala Bhabhi worst FM ever
Government will find any way to take tax. That's why we should never be happy if tax is low cause government will take it other way.
Arre sir Rebate or subsidy alag alag cheez hai. Antar samjhiye phele.
@@yogi289714 Rebate hamesha milti rahegi kya ? Ye kabhi khatm nhi hogi ? 🤔
thank you so much for this. I was so confused. now it is clear.
Rebate and refund both are different things ... Rebate means simple while computing taxes if the income is less than 7 lac then then you need not to pay any taxes ... On the other hand refund is simple that you have paid by means of TDS and claiming back in ITR filing
hmm.bhai ye pagal lok h.adhe youtubrrs kk kuch ni pta hota..
You will have to get this rebate in form of refund only. Because your employer doesn’t know your eventual annual income, he will keep deducting TDS based on monthly salary and slab rates, because they cannot suddenly deduct 25000 from your single month salary in case you disclose any other income in February.
Bro.. Rebate will be in the firm of refund only.. As, TDS will be deducted by the employer on his expected income... And we have to pay advance tax during the year., and at last we just only have to reconcile our assumptions.. So if person is eligible for rebate.. He will get refund only.. Bcoz amount has already been deposited to govt. account. 🙂
Employers calculate rebate too while calculating taxable income. Believe me when I say this. Yes there may be exceptions. But expected tax is always calculated after considering Rebate.
Yes but according to new scheme slab rate 7 lac income not tax allowed and old scheme slab rat 2.5 lac plus u invest in LIC, FD and others medical health insurance.
Please make a fresh video on today's personal tax slab (new & old), exemptions and how to save taxes......as per today's tax slab announcement 🙏 eagerly waiting for video ❤️
Yes sir pls
Yes please make a detailed video, which one will be better
Need one details video on it.. how can we save more...
No need Ameer ho to aish karo, middle class ho to khoondaan krte rho...tumhare khoon paseene se hi to bade log aur bade banenge 😢😢😢😢
Thank you for clearing my confusion in simple words.
The rationale behind this is that the Govt wants people to adopt New Tax Regime and also to show that EWS category need not pay taxes.
Funny thing is if someone earns rs. 700001, he/she will have to pay 25k as taxes.
I know its stupid ..1 rs extra and you owe 25000 tax
Sir, आप जैसी जानकारी कोई नहीं देता है।
Thank you sir
Aap kaa samjane kaa tarika bahot aasan hai❤️🙏
sir rebate refund nhi hoti balki itr mein tax compute krte time kee deduct ho jati hai. i.e. nil tax to be paid
Thanks man for clearing this
yaar kya itna complecated kiya hai simple tax kyo nahi rakhte
One of the poorest budget in view of present scenario (महंगाई) for middle class-
1- GST should be decrease from 18% to at least 8-10% in health & term insurance policies.
2- No income tax should be applied upto 7lacs (as a rebate increase from 5lacs to 7lacs) in old tax regime
3- No income tax should be applied upto 10lacs in new tax regime.
THANKS
Is it for next year(2023-24) or current year tax return filing (2022-23)
Yes next year
I think Nirmalaji herself get rid of the confusion she is having after seeing this short as the budget she read was prepared by someone else
Thanks Pranjal for clarification
Hello, will the 7L limit as per new regime for no tax (with 25k rebate) applicable for HUF also? In case, if I receive all 7L as a gift from my friend as initial funding in my newly opened HUF account. Will this case be treated for 0 tax same as like for individual taxation.
give details video on income tax new vs old regime which one better for how much income!!!!!!!!!
Very nice very clear. Others create confusions making it more complex
and rebate refund nahi hota but at the time of calculation he less ho jata hai
Thank you for clearing the confusion 💯
Please make a video assuming a person is earning 10 or 12 lakhs per annum, then which one he/she should opt for old or new tax regime
New tax regime... Old one is abolished
@@drriteshsharma6448 it's not abolished.... Pls check your facts. As per the reports new tax regime will be the default one but one can still choose the older one
Fir to bhai jo 7.5 lakh kamate honge unki to watt lag gyi
Par mujhe rebate nhi chahiye 7 lakh hi kamuado bs 😁
Bhai 50k ka Standard deduction milega tumka
Right..
There is a concept of marginal relief also so don't worry so much
@catfish9391 If increase in income is less than increase in tax payable before cess then u get Marginal Relief, but available in this new regime/Sec 115BAC follow karne me hi.
For example if ur salary is 7.25L then tax payable is 27.5k while if ur salary was 7L then tax payable would be zero. Income increased by 25k but tax payable increased by 27.5k so u get Marginal Relief of 25k.
Tax payable now is (27.5k-25k)+4% cess
Not correct ...first deduct 75k and 80ccd(2) if any....then calculate tax@@vinitgadhia
Video hi Vayankar Confusion
Bilkul sahi hai bhai Modiji ne iske pahile bhi aisa hi kiya tha gas ki subsidy pe!! direct gas ki subsidy cut kar ke bhi de sakte the magar aisa nhi kiya to bola ki subsidy bank me jama hogi par aj Kya ho raha hai??
Ye subsidy nhi hai bhai. Rebate hai. Antar jaan lo dost.
@@yogi289714 bhai still aksar refunds late ho jaave
@@asianguy86 Bhai ye On the spot milta hai. Ye mille bina Return file nhi ho sakti
Aur le ke aao bjp ko
@@Mohsin_Khan1988 chacha rebate congress govt ke time se hi milta aaya hai😂
current govt ne toh bas uska amount bhada bhada ke 25000 kiya hai.... benefit hi Diya hai
Fill your income tax return for rebate I've got my 20k back easily
Wow genius LOL 🤣🤣🤣
Pranjal bhaiya u r so humble kind and helpful lucky to have u on RUclips channel
Thanks for Genuine Information Sir ❣️❣️🙏🙏
Sara confusion Sar aapane Dur Kar Diya 👍
I was waiting for your video on this and there you are. Thanks a lot.
Pehle mein confused thaa firr meine ye video dekhi ab mein ch*tiya bhi huu.
Thanks sir, isme meko bhut confusion tha🔥🔥🔥
please clear doubt on 15.5 lac + earners will get standard deduction of 52k. what about 15lac earners?
Nahi milega bhai 😭
Congratulations sir for 5M subscriber 👍👍👍🥰🎉🎉🎊🎊🎊🎊
What about every 3 lakhs to 15 lakhs of millionaires n billionaires? Why it won't0go on increasing 5% to 30% n then 40% then 50% then 60% then 80% for every millionaire n billionaire ? Why it got stopped only at 15 lakhs rs as if no one earning after 15 lakhs n not heaping up the currency hidden in their bathroom n underground n inside the bed n cot n walls .
According to this now the limit for no tax should be 7.5 lacs ?
20000 tax for 3-7lac
5000 tax for 7-7.5lac
----------
25000 tax at 7.5lac?
Any changes for old tax regime?
Boss yehi phele b tha
Tab hum sabe krlete the under 80c aur 80ccd ke under wo jyda better tha atleast saving hoti thi
As per New Tax Regime standard bhi milega ab of 50k. Iska matlab 7.5 LPA ki salary tax free ho gayi. Please someone correct me if i am wrong
Yes
750000-50000=700000 when ur income is 700000 definitely ur income tax is 0 while choose of new tax regime.
आज के पहले मुझे यह बात बिल्कुल समझ में नहीं आ रही थी आपने सिंपल कर के बहुत अच्छे से समझाया आपका बहुत-बहुत धन्यवाद🙏🙏🙏🙏
7 LPA ≈ 58000₹ PM
Still no tax
Excellent... Sab free kar do aur vote lo
Nice to know this!
Pranjal bhai , what about the one who is earning 7 lacs (or 7.75 lacs) only through equity LTCG and no other income. Will he/she have to pay any income tax as his total yearly income is only 7 Lacs (excluding that of equity LTCG) Will his LTCG above 1 Lac tax be refunded/reversed after deceleration in income tax of assesment year ? Kindly give clearity
This 7 lacs 0 tax also comes under new tax regime.
please explain 44ADA in new and old regime 🙏🙏🙏
Mujhe Tax dena hi nhi hau nikaal lo kahaa sai nikaaloge pessa !
It is not 7 lac income...after standard deduction if it is below 7 lac then rebate is there...don't give half knowledge
Sir, can GOI can display the number of tax payers in each category of tax slabs for every FY
Thanks , बहत सारा Confusion गया 30 Sec मै , agaain Thank you Sir
Pl make full video for income tax for both scheme
Thanku so this information ❤️🙏
This is useless since most middle class today earn more than 7 lac (with yoy rise in per capita income). I'm not talking about lower middle class just the middle class who do standard jobs/salaried it or elsewhere ..... Hence again budget proves its only for the below average (poor) and for the ultra rich ... In India - the story is always the same , middle class ko "thenga"
Actually its 7.5 lacs becoz u get standard deduction of 50k rupees, i calculate and deduct tax in govt office!
Rebate ke paise invest karke sarkar profit kamati hai kya.
Kya pta kahi daal deti ho future projects m
Fun fact: if you earn 7 lac or below you pay zero tax because of this rebate. But if you earn 7 lac 1 rupee, you get no rebate and pay full tax.
Are bhai 7 lacs plus 50K standard deduction hai na toh earn max 7.5 lacs i accidentally earned 8.5 lacs and got screwed big time
Why rebate if upto 7 lac govt charge 0. Tax why can't govt raise tax slab to 7 lac why making it complicated
727700 tk toh aapko 0 tax dena padega if you choose 115bac
Thanks for the info.
Thank thank thank you for clearing it
Are you explained tax implications for old regime....pl confirm...
Sir can you make the video on Adani's FPO.Will it be harmful for his company
धन्यवाद आपका
Short term capital gain lagega even your incone is below 7 lakh.
Aur ye sirf new tax regime walo ke liye hai 😁😁
Only STCG INCOME main kitna tk main tax padega
What about std diductions, and other examption
NEW TAX RULE MEIN 80C 1.5 LAC EXEMPTION NOT APPLICABLE
Kya kamaal ka explanation 👌👌👌 1 min m sara confusion dur
Hi Pranjalji.
7 lacs income par old regime me tax Zero hi hota hai.
Upto 2.5 to 5 lacs Tax 5% (rebat)
Exepmted 1.5 Lacs under 80C
Standard deduction 50k
sab logon ko mf investment/insurance/home loan exemption nehi chahiye
@@sjgghosh7677 wo hi na chu bana diya hai ghuma kar baat toh wo hi hai
bhai 80C depend krta , uske liye eligibility chahiye , sabko nai milta 80C .Or standard deduction u/s 16(i) bhi sirf salaried incomes pe hota , Gross Total pe nai !!!
@@zain8571 80C k liye kya eligibility chahiye?... Plz explain
@@sjgghosh7677 logo ka ku6 na ku6 hota hai..PF bhi hota hai..
मतलब भरने पड़ेगा पर refund करेगी.. और वो आपके पोर्टफोलियो मैं रहेगा..... ऐसा कुछ...
Annualy ya monthly
If my yearly income is near about 5 lakh then should I pay tax? Pls reply
Return bhi ussi tarah karenge jaise LPG subsidery.
Apne man ka
how do you get a refund? are you sure, not able to google anywhere
Good Explained sir
Please make latest video for yr 2024-2025
Itna complicated tax system why simple karo
Good information
Thank you. Subscribed and tuned😊
Wrong information sir ..or wrongful way of telling
Very sensible....👍👍
But it is not applicable for old tax scheme, am I right ?
this 7 lakh is for only who earns only upto 7 lakh more than that follow the slabs
Refund kb milta hai?????
What if my income is 4 lac and my stcg is 3 lac???
This is very informative 👍Thank you for clarifying
Thanks
Sarkaar ye chahti ki aap thoda kamao nhi tho hum hai aapke liye jyada kamane nhi denge😢
Great....video
मेरा सॅलरी इनकम 4.90L (After all deduction and exemption) है, और शोर्ट टर्म कॅपिटल गेन Rs. 30000/- है, ईसमे 15% टॅक्स शॉर्ट टर्म कॅपिटल गेन पे देना पडेगा, लेकिन मेरा Taxable Income below 5L है तो मुझे 87A के छुट मिलेगी या नही |
what about 7.5 lakh.. will there also rebate of 25k
Good 👍👌
780000 salary hai to minis standard deduction 730000 pe tax 30000 pe 10% 3000 is it correct
If income is in b/w 7.5 to 8.0 lacs than??
Thank you 🙏
Soo if incoming 7 lac,- tax o
But income 7 lac and 1 rupee then tax-25000/-🙁🙁🙁🙁🙁🙁🙁🙁😭😭😭😭😭😭😭
Thank you sir 🙏🙏🙏