Senior Citizen Income Tax Calculation video kaisa laga? COMMENT KARO 👇 JOIN Telegram Group: t.me/fincalc_tv_channel Income Tax Calculator: fincalc-blog.in/income-tax-calculator/
I am 74 years old. My gross pension income for FY 2023 24 is Rs. 600820. Deduction rs. 46291 mediclaim and rs. 2387 LIC premium and nothing else. Kindly calculate my tax in old regime and advise accordingly. and also whether new regime will be suitable. Thank you.
My income is 767000 & I am 89 yrs only pension and fd interest only.-- how much I have to pay? Paying authority recovered 13000 during nov and December -- kindly elucidate by giving examples also in your information thanks
Under section 80 D, you can claim a deduction of up to Rs 75,000 (25,000 for self and Rs 50,000 for parents). But if you and your parents are both senior citizens, it can go up to Rs 1 lakh. Rs 50,000 for self and Rs 50,000 for Parents).
2019 e kolkata Di sir theke order deoa hoychhilo old books return neoa jabena.kintu ekhon board order e old books return nite balchhe.e bapare ektu aalochona korle bhalo hoy
@fincalc mere father age above 60 ki pension 360000 yearly plus 20 lac ki fd se yearly interest 160000 rs total- 520000 aapke according income new tax regime wise 7 lakh se less hai koi tax ni Banta but bank ke level pe 50 k amount se upar jo interest ban raha hai uspe tds katega use kya main 15 h form fill karke bacha sakta hun please reply......
Thank you much. Can you clarify ,one does not have taxable income . But he/she has to receive refund order as regards TDS deducted on dividends. In that case old tax slab is better or new tax slab is better.
I want your advice 1) can me and my daughter can have partenership firm to avail tax benefits. ( rental income is there for both ) . Or HUF Which is better
Please let me know in detail for senior citizen in old regime for income of rs ten lacs, assuming all investments of rs 150000/- sec 80ttb for int on FDR and SB rs 50000/- and healthy insurance for rs 50000/- can we get rebate under section 87 A please let me know with calculation
senior citizens with interest income can also provide their income in either salary or business if standard deduction is applicable or not respectively
I am a senior employee and going to retire on 31.03.2023. As per the budget announcement, non-government employees have also been given exemption for encashment of earned leave up to Rs 25 lakh. My question is that if that amount is paid in April'23, then the deduction of income tax will be according to the financial year 22-23 or 23-24.
Thanks for this great video. I am senior citizen n my only source of income is interest on my fixed deposits. Am I eligible for standard deduction. I am not getting pension or salary. Kindly answer
@@fincalc sir with due respect I want to share that my CA told me it's for all. And as per his calculation if ill get upto 7,50,000 annually as interest income so I don't need to pay any tax. As I am investing 1.5lac annually in PPF and 50k income from interest and 50k standard deduction. Kindly help. Should I trust him ??
@@mohitgarg8926 yes sir, if he is going to file your ITR returns than yes you should go with what he says and let him do it for you. please don't mention me as sir since you are very senior to me :)
Can we claim deduction upto 1 lakh for specific disease under sec 80DD in old income tax slab Besides this can senior citizens claim on medical expenses as above 70 years no insurance is available to the seniors
1)Std deductions for Sr citizen pensioners is Rs 52500 in place of Rs50000 for FY 23-24 in new tax regime. 2) it is not clear whether exemption limit for Sr citizen 3 lac and 5 lac for super Sr. Citizens above 80 yr are retain in new tax regime FY 23-24.or not. Please clarify.
1. Std. deduction is Rs. 50,000 in both old and new regime for all age groups 2. Tax Slab rates of new tax regime are same for all age groups. Read this for more info: fincalc-blog.in/old-vs-new-tax-regime-slab-rates-fy-2023-24/
I am 61 yrs old. My pension is 6.50 lacs. Interest during year is 2.50 lacs. Medical expenditure 78thousand. Education loan during year 66 thousand. Please tell for for income tax
7 lakh se less income hone par jo tax banega wo section 87 A mein Jo 25000 ki rebate mil Rahi hai usse minus ho jayega condition ye hai ki ye rebate tabhi milegi if income
Pl tell me that i am a pensioner having pension of Rs 750000 with saving under 80 c Rs 150000 aod std deduction of Rs 50000 My net taxable income comes Rs 50000.whether i have to tax for Rs 50000 or Rs 250000 for fy 22_24 thank u
I am 69 pensioner Gross total income 1807000 please let me know I am eligible for deductions under 80TTB{interest on FD+Rd+SB Bank and Post office deposit} max 50000 Also can I claim 50000 under 80 D Both for New Regime for FY 2023-24
@@fincalcmere father age above 60 ki pension 360000 yearly plus 20 lac ki fd se yearly interest 160000 rs total- 520000 aapke according income news tax regime wise 7 lakh se less hai koi tax ni Banta but bank ke level pe 50 k amount se upar jo interest ban raha hai uspe tds katega use kya main 15 h form fill karke bacha sakta hun please reply......
Your income tax calculator is showing wrong result for new tax regime FY 22-23 for 10 Lacs no investment it's showing 78000 but actual tax is 62000 remove the bug
![Senior Citizens Income Tax Slab Rates and Tax Calculation 2023-24 [Examples]](http://i.ytimg.com/vi/n5crP-kyY1c/mqdefault.jpg)
Senior Citizen Income Tax Calculation video kaisa laga? COMMENT KARO 👇
JOIN Telegram Group:
t.me/fincalc_tv_channel
Income Tax Calculator:
fincalc-blog.in/income-tax-calculator/
😊a
@@aswinidutta5955If. I am 89 yeas above age whether I am eligible to pay income tax although
I AM BEING A PEMSION HOLDER.
A
Very good guide line for income tax calculation F.Y.2023-24 with many examples of expected income .along with both regime new & old .Thanks.🙏
क्या बात है शानदार,,, मेरे पापा के आयकर गणना लिए कब से कोई बेहतरिन कैलक्यूलेटर ढूंढ रहा था आज मिला thanks bhai
welcome. ye raha income tax calculator:
fincalc-blog.in/income-tax-calculator/
Sir can I carry forward the interest of my FD to next f.year?
It's a good information about the Sr. Citizen Income Tax calculations.
Very detailed explane kiya hai thanks
Brilliant.Everything is sorted out and very well explained . Very useful complete information 👍. Thank you.
thank you so mch. share with your friends :)
@@fincalc sure champ👍
Excellent and easy to comprehend. One doubt :what about super senior citizens? above 80yrs?
I am 74 years old. My gross pension income for FY 2023 24 is Rs. 600820. Deduction rs. 46291 mediclaim and rs. 2387 LIC premium and nothing else. Kindly calculate my tax in old regime and advise accordingly. and also whether new regime will be suitable. Thank you.
Good evening Sir, Well explained. What about those senior citizens who are NOT pensioners. Those who only have Fixed Deposit interest as their income?
Income tax for super siniour citizen ,age above 80year
क्या 50000/-(पचास हजार) से स्टैंडर्ड deduction के साथ बैंक के फिक्स्ड डिपॉजिट एवं सिनियर सिटिजन सेविंग स्कीम के ब्याज पर भी टैक्स में छूट मिलेगी?
Nice presentaion. Liked your calculation screens developed. Why don't you develop the same application for iOS users.
Very nice description.Thank you ❤❤❤
welcome
My income is 767000 & I am 89 yrs only pension and fd interest only.-- how much I have to pay? Paying authority recovered 13000 during nov and December -- kindly elucidate by giving examples also in your information thanks
Thanks. Very helpful.
Glad it was helpful!
Thanks❤🌹 for good reporting.
welcome
Under section 80 D, you can claim a deduction of up to Rs 75,000 (25,000 for self and Rs 50,000 for parents). But if you and your parents are both senior citizens, it can go up to Rs 1 lakh. Rs 50,000 for self and Rs 50,000 for Parents).
Pehli baar mujhe clearly samjh aaya poora income tax thank you so much brother warna baki hawa mein batate hain
Good information and nice video ❤❤
Thanks
2019 e kolkata Di sir theke order deoa hoychhilo old books return neoa jabena.kintu ekhon board order e old books return nite balchhe.e bapare ektu aalochona korle bhalo hoy
@fincalc mere father age above 60 ki pension 360000 yearly plus 20 lac ki fd se yearly interest 160000 rs total- 520000 aapke according income new tax regime wise 7 lakh se less hai koi tax ni Banta but bank ke level pe 50 k amount se upar jo interest ban raha hai uspe tds katega use kya main 15 h form fill karke bacha sakta hun please reply......
You should also consider rental income from property where 30 percent is allowed for repair.
Excellent thanks
You are welcome
Many many thanks.
Thank you much. Can you clarify ,one does not have taxable income . But he/she has to receive refund order as regards TDS deducted on dividends. In that case old tax slab is better or new tax slab is better.
Very good information.thanks
So nice of you
Pl give comments in inglish language.
I want your advice
1) can me and my daughter can have partenership firm to avail tax benefits. ( rental income is there for both ) .
Or
HUF
Which is better
Should we include PPF interest in total income as ITax is exempted thereon.
Whether 80D deduction is available under new regime?
Good IT calculator.
If pensioner doing investment in f&o, shares, etc how the calculation can be done. Pl. Reply.
New tax regime main 80 TTB ki 50000 ki chhoot milegi ya k nahin. Please clear karne ka kashat karen g.
Section 80TTB sirf old tax regime me milega. new tax regime me nahi milega
@@fincalc Sir, thanks.
Please let me know in detail for senior citizen in old regime for income of rs ten lacs, assuming all investments of rs 150000/- sec 80ttb for int on FDR and SB rs 50000/- and healthy insurance for rs 50000/- can we get rebate under section 87 A please let me know with calculation
Bro is 80ttb applicable for senior citizens in new tax regime? Or only in old tax regime Like on SCSS scheme
Only in old regime it's available. In new regime only standard deduction of 50000 available
pl guide for tax structure in case of NRI senior citizen under PR visa for parents (
You have taken three catagories " salary, Business and Pensioners" . What about senior citizens with only interest income.
senior citizens with interest income can also provide their income in either salary or business if standard deduction is applicable or not respectively
I am a senior employee and going to retire on 31.03.2023. As per the budget announcement, non-government employees have also been given exemption for encashment of earned leave up to Rs 25 lakh. My question is that if that amount is paid in April'23, then the deduction of income tax will be according to the financial year 22-23 or 23-24.
2023-24 f.y.
Can we keep changing from old to new or new to old tax regime, as we like it in years to come?
Yes possible while filing ITR
@@fincalc That means if one select new tax regime in 2024, he can select pld tax regime in 2025 to file it return??
@@pkmathewkutty9106 new to old not possible.
If I choose new income tax regime, can I get the benefit of interest received on FD and SB of Rs.50000/- under 80TTB
No
What about medical deductions on bills?
Pl if income of capital gain 200000if include then 87A is available or not with 50000 income after deduction pl reply
Rs 50000 Nps on 66 year me purchase kar sakate hai kya
I am 114 yrs and my income yearly is 1cr per day so how to do financial planning so that my tax is 0rs😂😂😂
I am unemployed for past 1 year .age 59.the income is from superannuation/ icici pru pension/ swp & fd..how to calculate tax.kindky advice
Thanks for this great video.
I am senior citizen n my only source of income is interest on my fixed deposits. Am I eligible for standard deduction.
I am not getting pension or salary.
Kindly answer
thanks sir.
standard deduction is only applicable if you get pension income
@@fincalc sir with due respect I want to share that my CA told me it's for all. And as per his calculation if ill get upto 7,50,000 annually as interest income so I don't need to pay any tax.
As I am investing 1.5lac annually in PPF and 50k income from interest and 50k standard deduction.
Kindly help.
Should I trust him ??
@@mohitgarg8926 yes sir, if he is going to file your ITR returns than yes you should go with what he says and let him do it for you.
please don't mention me as sir since you are very senior to me :)
@@fincalc thanks for your reply, i spoke to him again and this time he corrected his last statement.
Thanks
I have income Rs 13.18 lacs, I paid Rs 132000.as rent, can I get any rebate on it, in old regime
Is family pension taxable?
Can we claim deduction upto 1 lakh for specific disease under sec 80DD in old income tax slab
Besides this can senior citizens claim on medical expenses as above 70 years no insurance is available to the seniors
Sir.now I am in the old ,if I will change new one,is it possible to convert old one or not
Yes possible while filing ITR
जय हो
jai ho!
Sir I am 71 s.c my Income only intrest bank and post office not other income how much interest no tds
1)Std deductions for Sr citizen pensioners is Rs 52500 in place of Rs50000 for FY 23-24 in new tax regime.
2) it is not clear whether exemption limit for Sr citizen 3 lac and 5 lac for super Sr. Citizens above 80 yr are retain in new tax regime FY 23-24.or not. Please clarify.
1. Std. deduction is Rs. 50,000 in both old and new regime for all age groups
2. Tax Slab rates of new tax regime are same for all age groups.
Read this for more info: fincalc-blog.in/old-vs-new-tax-regime-slab-rates-fy-2023-24/
@@fincalc
Sir
Started deduction 50000/-
Professional tax 2400/-
Total 52400/- as per my knowledge, correct me if I wrong.
If if total income is 750000 then how many tax inapplicable in New slab
no tax on income up to 7.5 lakh with new regime
use calculator here:
fincalc-blog.in/income-tax-calculator/
Can sr citizen change every year new or old regime
Yes possible while filing ITR
🙏what about senior citizens aged 81above? How to calculate?
I am 61 yrs old. My pension is 6.50 lacs. Interest during year is 2.50 lacs. Medical expenditure 78thousand. Education loan during year 66 thousand. Please tell for for income tax
Is interest on savings bank a/c is also Taxable?.
So far I know interest above Rs. 10,000 will be deducted directly from the source.Upto 10,000 no tax will be deducted.
Aapne kaha new regime me 7 lakh tak tax nahi
Fir slab 3to6lakh 5% 6to9lac 10% kaisa?
7 lakh se less income hone par jo tax banega wo section 87 A mein Jo 25000 ki rebate mil Rahi hai usse minus ho jayega condition ye hai ki ye rebate tabhi milegi if income
How amount will be FD maximum , whete as no tds in case of above 60 years.
Please reply to me.
In india pensioners are targetted for IT..
Please guide a person. Can gift how much amount can be gifted to his family members to the extent of numbers.
Video for pensioner showingincometax for super senior 82yrs plus
Pl tell me that i am a pensioner having pension of Rs 750000 with saving under 80 c Rs 150000 aod std deduction of Rs 50000 My net taxable income comes Rs 50000.whether i have to tax for Rs 50000 or Rs 250000 for fy 22_24 thank u
I am 69 pensioner Gross total income 1807000 please let me know I am eligible for deductions under 80TTB{interest on FD+Rd+SB Bank and Post office deposit} max 50000
Also can I claim 50000 under 80 D Both for New Regime for FY 2023-24
Sir, name and email id dene k baad vi file download nehi ho raha hai....
Please Excel sheet
SIR MERI ANNUAL INCOME 11.5 LACS HE INVESTMENT 1.5 LAC 80CC I AM SENIOR CITIZEN PENSIONER KITNA TAX BANEGA OLD REGIME& NEW REGIME ME PL GIVE ME ANSER
Namasthe.
New tax regime should be applicable for the f/y 2023-24.
Pl tell sr. Citizen 19 lakh income
if up to 750000.00 income for Sr citizen(pension) is no tax then why it is mentioned 6lac to 9lac tax rate is 10%in your chart,confused
There is something alled us tax rebate 87a
Check this video
ruclips.net/video/qxMqXY80pBc/видео.htmlsi=VlcdzAKg-TMG7Q40
Sir My details Pension 3,60000, SCSS int. 1,30000 SB int 42000 Total income less than 7,00000 is it correct I will not pay IT
Yes with new tax regime
@@fincalcmere father age above 60 ki pension 360000 yearly plus 20 lac ki fd se yearly interest 160000 rs total- 520000 aapke according income news tax regime wise 7 lakh se less hai koi tax ni Banta but bank ke level pe 50 k amount se upar jo interest ban raha hai uspe tds katega use kya main 15 h form fill karke bacha sakta hun please reply......
For NRI this is applicable
Is National Pension Scheme contribution of Rs 50,000/- exempt under new tax regime for FY 2023-24 for senior citizens ?
No, u can exempt 50,000 ₹ only under standard deduction
പെൻഷൻ ആയവരുടെ tax എങ്ങനെ. കൂടാതെ 22-23ഇൽ കൊടുത്തതല്ലേ വേണ്ടു. പുതിയ വരുമാനം ഇല്ലല്ലോ. ഈ പെൻഷൻ മാത്രമല്ലെ ഉള്ളു 🙏
Pension, interest from bank or post office or other income ന്റെ tax കൊടുക്കണം
Not open in office 10 excel
Tax calculation for Rs.600000.00
WHY YOU COLLECT PERSONAL DATA
Bro excel sheet
Here's the link to download excel
fincalc-blog.in/senior-citizen-income-tax-calculator-fy-2023-24-excel-download/
Old regime
Good
Your income tax calculator is showing wrong result for new tax regime FY 22-23 for 10 Lacs no investment it's showing 78000 but actual tax is 62000 remove the bug
IWantNewRegime
Fy 22_23
Hindi fenatic
Telugu lo cheppandi
Many Many thanks
You are most welcome