What an beautiful explanation from DR AV Senthil Sir.. Hope this is very useful for ppl who do not hv much knowledge about Tax schemes and savings/investment .! Appreciate ET for such knowledge content!
Abolish all taxes to that of only one turnover tax with compuslsary TDS without any reservation then govt will gets its revenue every day. All comercial should use digital. Govt will gets its revenue without any extensive work force
Agreed sir everymonth I add random money in post office Now after 1 year I have like 73,000 if I invested that on something else I would have made more but I consider post office as a discipline which means I always have cash on hand
15 lakhs high salary class a.. Now a days value of money is going down.. still govy n these peoplea mindset is backward 10 years ago it was high pay. now it people started earning 15lah aboveper annum
Government schemes like sukanya samrithi are available in all nationalized banks and no need to stand in queue... auto debit facility is also there... amount will be debited automatically
My opinion about I.T ; govt.salaried and private salaried people might pay income tax based on basic pay ,common percentage that is like 3percent or 5 percent of basic.If it is exercised by govt there will be satisfaction amoung all the people .This is my own opinion
If we select new regime..we cannot come back to old regime. So if you r in industry your salary will grow means select old regime . Don't select based on your current salary.
Hello Sir India inflation rate per year is 12%. But your interest rate inferrer to your interest rate. The Government is cheating the public or common middle class people
@Honest5 is this a sensible reply. Iam looking for a help for my query ... if u can't comeup with the guidance np. But stop giving such baseless response.
Sir, Annual inflation rate is 8.0%. Interest from post office term deposit is 6.8%. I paid income tax for this interest money. Pl guide me in this regard
It pathetic situation. You take of small expenses like medical, school fees etc . But pay the income tax 20% for the reasonable valid expenses also. Think once again you already paid GST for all the expenses too. Again this is what the double tax. Who are people paying this double tax (not Ambani or Adani) the common middle class people who were not able to manage their family budget. This sequent is approximately 40% of the Indian population
Sir, why is the new regime is not allowed any savings. If I donate some money is it deductible in the taxable income. I am a pensioner getting pension above 7 lakhs
80 C allowable savings ₹ 1.5 lakhs exists since 2014. That was not yet raised since 10 years ie BJP started its budget. Horrible is it not? Without raising allowable savings limit and tax exemptions limits , your hard earned money will be grabed as tax what ever may your regime.
After adjusting for basic free limits (Say 2.5 Lakh zero tax), when you are in 20% tax bracket, the effective overall tax on income will be around 12 to 14% which is comparable with other countries #avsenthil
Even if save rs 400000 you will pay more tax in old R. In New regime due to widened slab range you will pay less tax.For all New regime is better BETTER. Calculate your self .He misguiding. Never save money to reduce TAX. Saving is for your future financial requirement.
பெண் குழந்தைகளுக்கான திட்டம் , கல்லூரி. திருமணம் போன்ற பெரிய செலவுக்காக சேமிப்பது , வட்டி அதிகம் , பெண்ணின் 21 வயது நிரம்பியதும் திரும்ப பெற முடியும் ,
![fixed deposit-ஆ விட சூப்பரான 5 திட்டங்கள் | Top 5 alternative ideas for [ Fixed Deposits ] schemes](http://i.ytimg.com/vi/2Sxi16cgn8U/mqdefault.jpg)
மிக மிக அருமையான பதிவு மற்றும் பல பயனுள்ள தகவல்களை பகிர்ந்தமைக்கு மிக்க நன்றிங்க ஐயா 🙏🙏🙏
அருமையான பதிவு. நன்றி
Yes. There is difference between SAVINGS and INVESTMENT.. SAVING will not grow...INVESTEMENT will grow
சுருக்கமாக இளையோருக்கு new tax regime. முதியோருக்கு old tax regime better.
Fantastic and simple explanation
Thanks for ET Chanel and Dr Senthil
What an beautiful explanation from DR AV Senthil Sir.. Hope this is very useful for ppl who do not hv much knowledge about Tax schemes and savings/investment .! Appreciate ET for such knowledge content!
Thanks a lot Vinoth Gnanasekaran for those kind words. Much appreciated. #avsenthil
Savings Vera investment Vera ❤ nalla soninga
Clear Explanation.
Most welcome #avsenthil
Suganya samrithi account can also be opened in bank with online payment options also ppf, elss etc
No need to invest full of 1.5 l for 80c , our PF employee contribution also will consider , so remaining amount we can invest
True, reduce school fees as well #avsenthil
Excellent Sir
Sukanya Samriddhi Yojana Account & PPF can be opened in any nationalised bank, not only in SBI
Do u really think that only after 35 age employees get more than 10L. Even 5 years of exp employee getting more than 10L nowadays.
That's because of IT field guys but there's also non IT companies 😂
Can one invest in both ppf@1.5 lakh and suganyasamridhi 1.5 lakh ??
Very good explanation
Thank you #avsenthil
Even in new tax regime there are exemptions. Employer contribution to nps is exempt
Abolish all taxes to that of only one turnover tax with compuslsary TDS without any reservation then govt will gets its revenue every day. All comercial should use digital. Govt will gets its revenue without any extensive work force
Super sir simple and very clear Mr.Senthil
Most welcome #avsenthil
Agreed sir everymonth I add random money in post office
Now after 1 year I have like 73,000 if I invested that on something else I would have made more but I consider post office as a discipline which means I always have cash on hand
Super #avsenthil
What regim old or new tax for senior citizens aged 70 yrs having pension rental income few deposit int income.all within 7_8 lakhs.pl suggest sir.
Suggest new tax regime #avsenthil - Check with tax consultant or auditor as well
Income tax must be abolished
Donr
Why income tax, all taxes, if u want all can be abolished. What a suggestion u give.
Sukanya Samridhi and Senior Citizens Savings Scheme(SCSS) available in all Nationalised Banks‼️
True.. Some private banks also have SCSS like Icici bank #avsenthil
Good explanation
Thank you #avsenthil
Sir,
Is there any special deductions for female IT employees before marriage?( savings for Marriage expenses) Please reply
Super details sir
God's grace #avsenthil
All bank scheme now going to Post office also. Better go for banks because having good technology
ஐயா செந்தில் New Regime ஸஹீஹ் ல் மிகமு த்தகுடுமக்களுக்கு மருத்துவ செலவு க்கு
வரிவிளக்கு உண்டா
15 lakhs high salary class a.. Now a days value of money is going down.. still govy n these peoplea mindset is backward 10 years ago it was high pay. now it people started earning 15lah aboveper annum
IF The current government continues.. will remove the OLD tax Regime and Everyone will be adopted in the NEW tax REGIME after 2025 .
Old Tax Regime may continue for few more years #avsenthil
What about govt staff cross. 10 lak. Which is better
ஒருமுறை New regime க்கு போய்விட்டால் அடுத்த வருடத்திற்கு மீளவும் Old regime க்கு போகலாமா?
Government schemes like sukanya samrithi are available in all nationalized banks and no need to stand in queue... auto debit facility is also there... amount will be debited automatically
My opinion about I.T ; govt.salaried and private salaried people might pay income tax based on basic pay ,common percentage that is like 3percent or 5 percent of basic.If it is exercised by govt there will be satisfaction amoung all the people .This is my own opinion
If we select new regime..we cannot come back to old regime. So if you r in industry your salary will grow means select old regime . Don't select based on your current salary.
That's not correct. Salary employee can switch between both regime based on their wish.
Is this true sir@@venkateshabalajibalan2706
For Suganya Sammrithia account Post office is better than SBI
The Finance Minister should simplify the tax regime but she seems to be hellbent on complicating the process. This is only helping the CAs.
Hopefully the new tax regime becomes much more simplified #avsenthil
Hello Sir
India inflation rate per year is 12%. But your interest rate inferrer to your interest rate. The Government is cheating the public or common middle class people
Life style inflation differs from person to person #avsenthil
12 percentage inflation are you fool?
பென்சன் வாங்குவோர்க்கான டெபாசிட்களுக்கு விளக்கம் தரவும்
House loan holders ku New or old regime ethu better sir
Old regime
super senthil sir...
Thank you #avsenthil
Somebody pls reply ... whether home nursing care 24/7 ... can that be claimed under tax exemp?? If yes what is the max limit in a year we can show
@Honest5 is this a sensible reply. Iam looking for a help for my query ... if u can't comeup with the guidance np. But stop giving such baseless response.
@@Honest5 ur response was very sarcastic... drop a 📧 email to IT dept they will reply u.. anyway 🙏
@@deepakdkrishna1854 as you feel my reply is sarcastic, I deleted my reply....
Take home pay kammi aanaadhaan, en manaivi konjamaavadhu panatha madhippaa
Sad but true #avsenthil
Sir, Annual inflation rate is 8.0%. Interest from post office term deposit is 6.8%. I paid income tax for this interest money. Pl guide me in this regard
Then it's better to invest in mutual fund and sell that after 3 years.. long term capital gain on shares are not taxable upto 100000 profit
Investment time pathi neenga answer sollavey illa Sir.
It pathetic situation. You take of small expenses like medical, school fees etc . But pay the income tax 20% for the reasonable valid expenses also. Think once again you already paid GST for all the expenses too.
Again this is what the double tax. Who are people paying this double tax (not Ambani or Adani) the common middle class people who were not able to manage their family budget. This sequent is approximately 40% of the Indian population
In Singapore they give GST rebate for citizens.. Hope India will introduce in near future #avsenthil
That's why We are going abroad...
Sir, why is the new regime is not allowed any savings. If I donate some money is it deductible in the taxable income. I am a pensioner getting pension above 7 lakhs
Income tax depth doesn't hv adequate staff to verify deductions.. Hence new tax regime with lower tax rates #avsenthil
Super
Panam paduththum paadu konjam nanjam illai.
பேச்சுக்கு நடுவில் நைசாக இதே கவர்மென்ட் திரும்ப ஜெயிச்சு வந்தா-னு ஒரு point-அ போட்டார் பாருங்கோ.....😂
Good observer #avsenthil - Hoping to get lot of tax breaks for common people in July 2024
Sticker
80 C allowable savings ₹ 1.5 lakhs exists since 2014. That was not yet raised since 10 years ie BJP started its budget. Horrible is it not?
Without raising allowable savings limit and tax exemptions limits , your hard earned money will be grabed as tax what ever may your regime.
பிள்ளைகளை படிக்க வைக்கிற பணத்துக்கும் வரி.
HBA repayment கும் வரி.
நாம செலவு பண்ணின கட்டாய செலவுக்கும் வரி கட்டுறோம்
ரத்தம் உறிஞ்சு கிறார்கள்
மம
😢
20 % kamiyana tax a ?
Avaal sonnadhu romba kammiyaana tax
@@arunkumar-wq7ku 🙃
After adjusting for basic free limits (Say 2.5 Lakh zero tax), when you are in 20% tax bracket, the effective overall tax on income will be around 12 to 14% which is comparable with other countries #avsenthil
@@avsenthil99 am I getting other country benefits ?
65 வயதுக்குமேல் மியூச்சல் பண்டு வேஸ்ட்
Even if save rs 400000 you will pay more tax in old R. In New regime due to widened slab range you will pay less tax.For all New regime is better BETTER. Calculate your self .He misguiding. Never save money to reduce TAX. Saving is for your future financial requirement.
IPPB application post office la iruku
Ok #avsenthil
S easy access I'm using after COVID tension less
During,congress,regime,
Even,income,over,3000,was,
Taxable,mow,congress,demand,enhancement,of,income
Limit,to,ten,lakhs
❤🎉
School fees yarunga Bank payment vangura only cash than..
Even cash payment ah irunthalum. Antha receipt ah kuda neenga use pannikalam.. 80c la katta
மிரட்டி கோடிகள் கேட்பதிலும் கிளவர்
Mutual fund is not investment it is Principle loss i loss my Principle
80d maximum 75 thousand limit he does not know that much i am a CA final student
75k when parents are above 60 years #avsenthil
Don't recommend SBI.
சுகன்யா சம்ரிதின்னா என்ன திட்டம். அது பற்றிய விளக்கமே இல்லையே
Go to post office
பெண் குழந்தைகளுக்கான திட்டம் , கல்லூரி. திருமணம் போன்ற பெரிய செலவுக்காக சேமிப்பது , வட்டி அதிகம் , பெண்ணின் 21 வயது நிரம்பியதும் திரும்ப பெற முடியும் ,
Selvamagal savings scheme