Hi RJ bhai, can u pls clarify if I am already enrolled in the old tax regime, will it be changed to the new tax regime automatically in upcoming financial year?
The most genuine group of financial advisors out here. They don't advertise products for the sake of sponsorship and money. Always thinks about the end users and builds content genuinely helpful for us. Kudos to the entire team of LLA ❤
The idea of playing short background voice clips while change in the context, showing subtitles or switching to documents is amazing👌. This increases the viewer's interest and attention towards the video.✌
There is one point where the inspector will not be checking criterias where the factories have completed their complainces, but it's better if it's physically checked by inspector rather than just verifying by portal
Right now inspector is only checking it, but inspector is just going to collect money from firms, govt knows this thing and to reduce corruption only this step taken 🙏
Inspector will be checking randomly like in foreign countries and maybe recorded all things. So no one know anyone who is coming and favours won’t happen
Could you please throw some light on tax on capital gains from investments in US stocks? It would be really helpful. Otherwise, loved the comprehensive breakdown. Cheers to LLA team! Proud subscriber 🙌
HELLO Rishab sir. I saw the course about tax planning. Although it costs only a genuine price. But as an Engineering student I also want to learn about the tax planning which would definitely help me in my future. So in a nutshell it would be a great appreciable act if the course would have a further student discount ; that would eventually make us learn pre-handed and student affordable course. Thanks.😄
The main problem with this course, its valid for only 365 days. Better to check in udemy, it will be less in price and valid for lifetime,people keep on upgrading their courses as per new rules from govt 🙏
LLA is definitely spreading Financial Literacy on a larger scale than others ! Hands down ! Being into the Finance Realm, I can vouch for these folks...they make the best videos...atleast in such a manner that even a non Finance background person can also understand! #good_work
Waiting for this valuable episode from yesterday. Actually our government is like private company and playing with tax payer without changing old tax regime and showing tax benefit as advertisment but actually it's no use.
Sir we want a series of financial literacy from both of you, as it will really help people. You can teach complex things easily, please consider my opinion. ❣️
Bought the course for ₹700 last yr....i can vouch for the course ..it's a great course that everyone should know....Anup Sir has really dumbed it down for layman's.
The government will get rid of the old tax regime completely in coming years and probably increase the slabs a bit more , what does LLA have to say about this?
LLA you are amazing and couldn't resist myself to watch your videos even if it is not relevant to me. Appreciate your hard work. One request please start videos on housing society laws, capital gains law.
Please make a video on "National Holiday Adjustment/Allowance" by private companies like TCS/Accenture etc for working on state and/or National Holidays
Mai apki help kar sakta hu apka tax reduce karne me.... apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
I did a comparative analysis of new vs old for small business owners. Old is only beneficial if you take full deduction benefit of ppf, mediclaim, savings interest and home loan interest. Incase you don't have home loan interest, which a lot of people don't always have, new regiment beats the old regiment. Not everyone takes full savings interest benefit either since savings interest rates are poor compared to other available options. If you only take ppf, mediclaim, new scheme is better upto 15L.
Mera poultry ka side business past 2 years mein 3000 chicks se aaj 6500 chicks pe aagya hai. Now i am planning to start mini Fish farming setup as well. Govt ke side se bahut ache subsidized policies and agro reforms provided hai but sadly jyadatar Agro workers ko inko proper knowledge nhi hai. Agro field mein education bahut jaruri hai.
Sir this is a very informative video, but just want to ask that has the standard deduction been increased from 50k to 52,500 for salaried employees and pensioners right?
1. Is standard deduction of 50k is valid for self employed individuals also ? 2. How many times a self employed person can switch from one tax regime to another ?
The old tax regime deduction limit was set to *1.5L in 2014.* When adjusting for *inflation in India* that amount nearly becomes *3.92 Lakhs in 2023!* I was really disappointed seeing the government ignoring the beating of high inflation and high interest rates on middle class citizens whose salaries have increased, but still aren't able to save enough money to secure their future, because even the essential items' costs are sky high. - The old regime 80c deduction should have increased to 3-4L at least. - PPF deposited limit and interest rate should have been increased (FD rates are higher than PPF now!) - Home loan interest and principal exemption should have been increased. Or at least some of them, but the government has lost its sympathy towards common people.
The govt's target is to make everyone to shift to New Tax Regime. Govt will abolish Old Tax Regime in its next tenure. So, it will not take any step to make the Old Tax Regime attractive !
I formative videos toh sir aap banate he the aur ab bhi banate ho, toh uski baat toh mast hai he. I love the recent shorts content and the editing of the long form videos! Sacchi fantastic work!
Thanks for your Video. i am grateful that we have creators like you who are educating us for personal finance. Just a question, How and When can we apply for New Tax Regime as it seems that my company's portal isn't allowing me to apply for the same as it shows locked.
Hi LLA, Your channel is doing great in making Janta Jagruk and thanks for that. However, there is a topic that is not talked about by any major channels or finance creators. Will request you make a video and discuss "Risks of buying under-construction properties for retail home buyers". I have tried to list a few things on this topic below. #1. False claims by promoters to complete construction well before the RERA completion date.
Ask builders why your RERA completion date is 4 years from now when you are saying that it will complete in 1 year.
How is that possible?
The answer would be "we keep some buffer time while specifying the date to RERA but the project will complete in 1 year".
You are lucky if you can get the flats even till the initial RERA date, most often RERA dates get extended.
#2. Huge differences in the political, financial, and legal resources of builders and an individual.
When you buy a ready-to-move property from an individual, you are somewhat at the same level as the seller.
But when you deal with a builder the difference is too huge in every aspect.
And often you feel or are made to feel incompetent to deal with any trouble caused by the builder.
You will mostly be at the losing end if the construction and completion date gets delayed.
There could be time loss or money loss.
#3. Buyers rely too much on agents than self-research.
Most retail real estate buyers are from the working class and depend on a monthly salary.
At most they can do is get an agent and dedicate weekends to visiting properties.
The agents listed on property sites offer 0% brokerage for buyers but get commissions from builders.
Now if the agent is not making money from the buyer but from the builder then he is going to align with the builder.
In this case, he will not proactively disclose anything about the builder that ruins the deal.
#4. RERA completion dates getting extended endlessly without any knowledge or consent from buyers.
There is no provision that buyers get promptly informed or consulted before extending RERA dates.
You can easily find properties whose completion date was 2020 but gets extended till 2024.
Buyers are helpless and accept whatever RERA and builders decide.
The buyer has to fulfill the deadline every time a demand letter comes from the builder which is of 2-3 weeks.
Defaulting the demand leads to interest getting charged on pending payments.
But the builder has only one deadline as the RERA completion date and that too is often extended.
#5. The increasing burden of EMIs and Rent due to delays in possession date
Most first-time home buyers are living on rent and pay EMIs to fund their homes.
When a project gets delayed, EMIs continue.
Investors feel trapped between 2 elephants with Builders on one and Banks on the other side.
The dual burden of rent and EMIs keeps increasing year after year.
#6. Mental struggle and feelings of helplessness
Buying a home is often the biggest purchase for most of the middle class.
One puts their entire life savings in the hope to better up their living.
Delayed projects lead to years of mental stress and helplessness in the family.
Retail investors are in the most vulnerable position while investing in under-construction properties.
And it's high time that they are educated about this. Thank you in advance and hope to see your reply.
No, read the computation of income under new tax regime given in Finance bill, 2023, standard deduction of Rs 50000 is given to every salaried employee
@@satvindersingh1739 I went through both documents Budget Speech and Finance Bill. Budget Speech - "My third proposal is for the salaried class and the pensioners including family pensioners, for whom I propose to extend the benefit of standard deduction to the new tax regime. Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by 52,500." Finance Bill - Couldn't find anything concrete if you can share the Amendment no or line and page no it would be really helpful 🙏🏽
@@shadowdroid5465 check on page 51 and page 175 Secondly don't go by this speech, in these words she want to say that suppose if some salaried person has income of Rs 15.5 lakh then in new tax regime previously tax was 202500 now it is 150000 (you can calculate using old and new slab rates) so that person will benefit by Rs 52500, there is no standard deduction of Rs 52500 for any one
@@satvindersingh1739 Thanks for page numbers but in page no 175 I couldn't find the exact text or anything related or i am missing it. Sorry for the trouble but I found a twisted text on Page No.51 of document which translates to Page No.59 in pdf viewer
This year i will start earning as a salaried employee, as you said i think i should opt for old regime, MAY YOU PLEASE EXPLAIN HOW TO SELECT OLD TAX REGIME.
What about NRIs with the following income, should we opt for new Tax Regime? 1. Rental income from property let out. 2. Interest income from loans given to relatives and friends.
Best formula for income 15.5 - 50L Excluding standard deduction, add all possible exemptions. If its less than 3.75L new regime else old regime. For example 80c -1.5L 80d - 50k 80ccd - 50k Rent - 25k/month (Assume basic salary 1L monthly). So 3-1.2 = 1.8L Adding all this its 4.3, so old regime would work. Use this formula and avoid CA for just this
sir aap ca student's ka scope khatam mat karo plzzz ca aasaann nahi hota . fir kya ham job leave karde tax samajh na har kise ke bass ki nahi hote and aagar log time me aayenge to tax planning bhi karke denge aap pllzzz ca ka jo goodwill hai ya jo ca ka scope hai vo maat giraaooo
Tax dena be hai aur Sala L be lege why can’t this simple and straightforward for at least a 10 years every year there are changes how many time’s general public have to keep doing and redoing at least keep it same for 5 years
In NPS we can additionally select employer contribution of 10%. Ie, 60000 can again reduce. As per my understanding this is applicable for both new & old pattern.
@@Chacha_chaudhry_007 that is 80 CCD (1B). There is one more option available in NPS. Its 80 CCD (2). Where corporate employee can additionaly save tax up to 10% of our basic pay. I am availing this from last 3 years.
The max limit is 7.5 lakh per year. I mentioned 60000 was about the excel example in the video where basic pay is 6 lakh. So 10% of six lakh means 60000 80C - 1.5 lakh 80 CCD (1B) - 50000 80 CCD (2) - 60000 Total can claim 2.6 lakh.
Great video. straight to the point. I just started earning so not aware of this. Can anyone tell me if these changes like the tax rebate till 7 lpa are applicable for financial year 2022-2023 or 2023-2024?
If you are earning more than 15 lakhs and having a deduction of more than approx 4.25(1.5 L 80C+50 k NPS+2 L loan interest+HRA+50K StandardD+75K HeathI+ Food Coupon+Professional Tax+LTA)lakhs, then go for the old tax regime, else go for new Tax regime. Basically the government is giving you tax benefit of 127500 under the new tax regime when you are earning more than 15 lakh.
LLA, PLEASE DISCUSS ABOUT REMOVAL OF 15000 CAP IN PF AS PER HONORABLE SUPREME COURT DECISION FOR PENSION OF GOVT EMPLOYEES, SHOULD WE OPT OR NOT.... WE HAVE SOME TIME LEFT BEFORE LAST DATE
Mai apki help kar sakta hu apka tax reduce karne me.... apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
Employment Rules for Independent contractor( Indian Citizen) for working Canadian company in India( work from Home) and that foreign company doesn't has any office here in India. Rules and regulations forgetting salary from that Canadian company and other important things to while accepting the job offer. Your reply will be very helpful
If post deduction and exemption you can bring taxable income upto 10 Lakh then go for old regime. Usually in first week of April you can use tax calculator on income tax portal or cleartax. Then decide
Please consider decluttering the TCS on outward remittances. How does TCS is adjusted in tax filing? Will we need to pay 20% extra every time to transfer money for US Stock Purchases?
One imp point missed i suppose. In new tax regime the standard deduction 50k (Rs.52500) is when salary is 10 lacs or more. So if its less then no standard deduction and hence the 87A rebate would help employees with 7 lac salary only not 7.5 lacs, to get 0 tax.
The problem is not just paying more taxes but not getting anything in return is the main problem, if i had good govt schools and hospitals for my kids/family wouldn't mind paying taxes.
Partially agree 🙏,there are good govt schools and hospitals but we people think its bad, we are mainly seeing where are our relatives kids are going, where are our neighbours kids are going and at the end we are sending to our kids to those fancy schools 🙏, govt doctors are best as they are seeing more patients and have more experience but due to long queue, we will avoid it 🙏.
Hax to Save Tax Course 👇
www.taxplanningforsalariedemployees.com/
Use Code "JAGRUKRJ" for a special discount!
Dear do you know any best investment option for Child education.
Hi RJ bhai, can u pls clarify if I am already enrolled in the old tax regime, will it be changed to the new tax regime automatically in upcoming financial year?
Pls tell me shop chalta hu but muje doubt hai ye course salary balo ka hai to hamare liye hi hai koi course ? Pls 🙏
New regime vs new regime 2023, please
Joneral ka link.
The most genuine group of financial advisors out here. They don't advertise products for the sake of sponsorship and money. Always thinks about the end users and builds content genuinely helpful for us. Kudos to the entire team of LLA ❤
I, being a FIN Student, have went through so many videos in YT to understand TAX REGIMES, but hands down to this man! what an explanation! Thanks Sir!
You guys are really creating impact on the lives of people by spreading legal awareness. Thank you so much for that !
Mainu v de
You guys are setting a production standard, excellent video in every aspect. Keep pushing the limit 🙌
The idea of playing short background voice clips while change in the context, showing subtitles or switching to documents is amazing👌. This increases the viewer's interest and attention towards the video.✌
There is one point where the inspector will not be checking criterias where the factories have completed their complainces, but it's better if it's physically checked by inspector rather than just verifying by portal
Right now inspector is only checking it, but inspector is just going to collect money from firms, govt knows this thing and to reduce corruption only this step taken 🙏
Inspector will be checking randomly like in foreign countries and maybe recorded all things. So no one know anyone who is coming and favours won’t happen
@@pankajrana8006 if inspector is corrupt he can do whatever he can.
You dont know real world inspector
Inspector raj only leads to bribe
This is the reason you guys are most watched finance channel. Seedhi baat no faaltu ka gyaan
Bilkul seedhi baat. Thank you for simplifying the budget.
Can you please make video dedicated for short term stock market traders for saving tax.
This is what a content creator should do..educating the whole society..
👌👌
0:40 intro is best editing wow 😘😘😘😘🥰🥰🥰🥰
Abusulatly it's like motivation
Could you please throw some light on tax on capital gains from investments in US stocks? It would be really helpful. Otherwise, loved the comprehensive breakdown. Cheers to LLA team! Proud subscriber 🙌
HELLO Rishab sir.
I saw the course about tax planning. Although it costs only a genuine price. But as an Engineering student I also want to learn about the tax planning which would definitely help me in my future. So in a nutshell it would be a great appreciable act if the course would have a further student discount ; that would eventually make us learn pre-handed and student affordable course.
Thanks.😄
The main problem with this course, its valid for only 365 days. Better to check in udemy, it will be less in price and valid for lifetime,people keep on upgrading their courses as per new rules from govt 🙏
by this logic, everyone will be student to avail that extra discount
@@Chacha_chaudhry_007 Can you please mention the course names.
Bhai 1000 rupay se zyada ki to daaru/party kar lete hoge 💀
Thank you so much for simplifying the "rocket science" Delivered by FM yesterday. Unke bharose rahe toh kuch bhala nai hoga.. ❤❤
Rebate wali baat sirf aapne hi acche se samjhai hai! Bohat dhanyawad!
LLA is definitely spreading Financial Literacy on a larger scale than others ! Hands down ! Being into the Finance Realm, I can vouch for these folks...they make the best videos...atleast in such a manner that even a non Finance background person can also understand!
#good_work
Bhai Subscribed hai, arguably we are getting value. Aur kya hi chahiye Aap log se. Thank you for everything you do.❤️🤗
Waiting for this valuable episode from yesterday. Actually our government is like private company and playing with tax payer without changing old tax regime and showing tax benefit as advertisment but actually it's no use.
Thanks for the video, everyone is just saying old and new however no one explained properly.
Sir we want a series of financial literacy from both of you, as it will really help people. You can teach complex things easily, please consider my opinion. ❣️
0:16 music & beats 🔥🔥🔥
Bought the course for ₹700 last yr....i can vouch for the course ..it's a great course that everyone should know....Anup Sir has really dumbed it down for layman's.
Course details please.
its showing 990 now
does it include things like how to file ITR , how to get rebate
Switching between tax regimes is restricted to a lifetime choice ONLY for those with a business income. Salaried employees can switch every year.
The government will get rid of the old tax regime completely in coming years and probably increase the slabs a bit more , what does LLA have to say about this?
They will not going to do anything in old one and will giv benifit in new one so slowly people will shift to new one.
Thank you so much sir. An jaake ek appropriate and well explained video mila budget ko lekar. Tax slab wala question was bothering me very much
Intro music is 👌
*Produced by A R Rahman*
Music name please
Sach m mast hai ❤
Base is awesome 😌
Kindly share the name of the music if someone knows.
My financial knowledge has increased a lot because of your videos. Thank you LLA team 🙂🙂
One of the best finance channel in India #LLA_is_love 💞
Great explaination.
Query - If someone transfer money to our bank account let’s say 7-8 lakhs, will tax be calculated on that amount?
LLA you are amazing and couldn't resist myself to watch your videos even if it is not relevant to me. Appreciate your hard work.
One request please start videos on housing society laws, capital gains law.
Please make a video on "National Holiday Adjustment/Allowance" by private companies like TCS/Accenture etc for working on state and/or National Holidays
Mai apki help kar sakta hu apka tax reduce karne me.... apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
Thanks for making this complex thing simple and to the point ... ❤️
I did a comparative analysis of new vs old for small business owners. Old is only beneficial if you take full deduction benefit of ppf, mediclaim, savings interest and home loan interest. Incase you don't have home loan interest, which a lot of people don't always have, new regiment beats the old regiment.
Not everyone takes full savings interest benefit either since savings interest rates are poor compared to other available options. If you only take ppf, mediclaim, new scheme is better upto 15L.
Deep analysis only found from you sir🙏
This is the most comprehensive and easiest video on Budget 2023! Thanks 🙏
Old tax regime is still better if have home loan and children plus if your income is above 18l annually
00:36 transition was so good.
Sir, I was waiting for your video related to this topic .❤❤
Than you for the knowledge Sir🙏
Mera poultry ka side business past 2 years mein 3000 chicks se aaj 6500 chicks pe aagya hai. Now i am planning to start mini Fish farming setup as well.
Govt ke side se bahut ache subsidized policies and agro reforms provided hai but sadly jyadatar Agro workers ko inko proper knowledge nhi hai.
Agro field mein education bahut jaruri hai.
Sir this is a very informative video, but just want to ask that has the standard deduction been increased from 50k to 52,500 for salaried employees and pensioners right?
1. Is standard deduction of 50k is valid for self employed individuals also ?
2. How many times a self employed person can switch from one tax regime to another ?
The best video about Budget on RUclips. Explained so neatly. Keep up the good work 👍🏼
Was eagerly waiting for LLA's video on this.
The old tax regime deduction limit was set to *1.5L in 2014.* When adjusting for *inflation in India* that amount nearly becomes *3.92 Lakhs in 2023!*
I was really disappointed seeing the government ignoring the beating of high inflation and high interest rates on middle class citizens whose salaries have increased, but still aren't able to save enough money to secure their future, because even the essential items' costs are sky high.
- The old regime 80c deduction should have increased to 3-4L at least.
- PPF deposited limit and interest rate should have been increased (FD rates are higher than PPF now!)
- Home loan interest and principal exemption should have been increased.
Or at least some of them, but the government has lost its sympathy towards common people.
This will happen next year before election
It should at least linked to inflation like DA
The govt's target is to make everyone to shift to New Tax Regime. Govt will abolish Old Tax Regime in its next tenure. So, it will not take any step to make the Old Tax Regime attractive !
Great Explanation LLB, throughly reading & listening the whole budget takes a lot of effort, really appreciate it.
Thanks👍
Much needed video on budget!!
Best video for internet good luck brother
Thanks for the details in short video. You guys are awesome ❤️
Best video on budget 2023-24
Thanks for making this video, you guys are gems
I formative videos toh sir aap banate he the aur ab bhi banate ho, toh uski baat toh mast hai he. I love the recent shorts content and the editing of the long form videos! Sacchi fantastic work!
Awesome tutorial for entrepreneurs and salaried person.
Best to the point .
No faaltu baat
Thanks for your Video. i am grateful that we have creators like you who are educating us for personal finance.
Just a question, How and When can we apply for New Tax Regime as it seems that my company's portal isn't allowing me to apply for the same as it shows locked.
Hi LLA,
Your channel is doing great in making Janta Jagruk and thanks for that. However, there is a topic that is not talked about by any major channels or finance creators.
Will request you make a video and discuss "Risks of buying under-construction properties for retail home buyers". I have tried to list a few things on this topic below.
#1. False claims by promoters to complete construction well before the RERA completion date.
Ask builders why your RERA completion date is 4 years from now when you are saying that it will complete in 1 year.
How is that possible?
The answer would be "we keep some buffer time while specifying the date to RERA but the project will complete in 1 year".
You are lucky if you can get the flats even till the initial RERA date, most often RERA dates get extended.
#2. Huge differences in the political, financial, and legal resources of builders and an individual.
When you buy a ready-to-move property from an individual, you are somewhat at the same level as the seller.
But when you deal with a builder the difference is too huge in every aspect.
And often you feel or are made to feel incompetent to deal with any trouble caused by the builder.
You will mostly be at the losing end if the construction and completion date gets delayed.
There could be time loss or money loss.
#3. Buyers rely too much on agents than self-research.
Most retail real estate buyers are from the working class and depend on a monthly salary.
At most they can do is get an agent and dedicate weekends to visiting properties.
The agents listed on property sites offer 0% brokerage for buyers but get commissions from builders.
Now if the agent is not making money from the buyer but from the builder then he is going to align with the builder.
In this case, he will not proactively disclose anything about the builder that ruins the deal.
#4. RERA completion dates getting extended endlessly without any knowledge or consent from buyers.
There is no provision that buyers get promptly informed or consulted before extending RERA dates.
You can easily find properties whose completion date was 2020 but gets extended till 2024.
Buyers are helpless and accept whatever RERA and builders decide.
The buyer has to fulfill the deadline every time a demand letter comes from the builder which is of 2-3 weeks.
Defaulting the demand leads to interest getting charged on pending payments.
But the builder has only one deadline as the RERA completion date and that too is often extended.
#5. The increasing burden of EMIs and Rent due to delays in possession date
Most first-time home buyers are living on rent and pay EMIs to fund their homes.
When a project gets delayed, EMIs continue.
Investors feel trapped between 2 elephants with Builders on one and Banks on the other side.
The dual burden of rent and EMIs keeps increasing year after year.
#6. Mental struggle and feelings of helplessness
Buying a home is often the biggest purchase for most of the middle class.
One puts their entire life savings in the hope to better up their living.
Delayed projects lead to years of mental stress and helplessness in the family.
Retail investors are in the most vulnerable position while investing in under-construction properties.
And it's high time that they are educated about this.
Thank you in advance and hope to see your reply.
As a government employee I was eagerly waiting for this video .. Thnx Buddy 🤗👍
Mast ..Bahut hi achhe se samjhaya thank you sir.
-💗From Karnataka
I think Standard Deduction in new tax regime is applicable only if taxable income is more than 15 lakhs.
No, read the computation of income under new tax regime given in Finance bill, 2023, standard deduction of Rs 50000 is given to every salaried employee
Yeah lot of websites also said the same thing. Very confusing
@@satvindersingh1739 I went through both documents Budget Speech and Finance Bill.
Budget Speech - "My third proposal is for the salaried class and the pensioners including family pensioners, for whom I propose to extend the benefit of standard deduction to the new tax regime. Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by 52,500."
Finance Bill - Couldn't find anything concrete if you can share the Amendment no or line and page no it would be really helpful 🙏🏽
@@shadowdroid5465 check on page 51 and page 175
Secondly don't go by this speech, in these words she want to say that suppose if some salaried person has income of Rs 15.5 lakh then in new tax regime previously tax was 202500 now it is 150000 (you can calculate using old and new slab rates) so that person will benefit by Rs 52500, there is no standard deduction of Rs 52500 for any one
@@satvindersingh1739 Thanks for page numbers but in page no 175 I couldn't find the exact text or anything related or i am missing it. Sorry for the trouble but I found a twisted text on Page No.51 of document which translates to Page No.59 in pdf viewer
Sir adani and Hindenburg ka issue pe video banao plss
🙏🙏🙏
Thank you for such valuable information 🙂
This year i will start earning as a salaried employee, as you said i think i should opt for old regime, MAY YOU PLEASE EXPLAIN HOW TO SELECT OLD TAX REGIME.
Correction : At 6:33 .. Presumptive income for businesses was earlier 8% and not 6%.. 6% was when your 95% of the transactions are through bank
Tnx to U sir jiske wajah se itna Gyan Mil Rahahe. And tnx to jio jisne Internet Saro or felaya wo v affordable price pe.
finally the video i was waiting for.
People like you are revolutionary.
Great work team
Appreciate your efforts made us understood in a very simple format
What about NRIs with the following income, should we opt for new Tax Regime?
1. Rental income from property let out.
2. Interest income from loans given to relatives and friends.
Waited the whole day for this one ..
Tnku soo much for ur explanation .. ap jaise logo ki hum jaise logo ko bhut jrurt h🙏🏼
The Best Financial Channel to explain anything easy 🔥🔥✌️✌️
Jiska muze tha intzar wo ghadi aagayii isi video ka intzar tha kab se #ThankyouLLA
Best formula for income 15.5 - 50L
Excluding standard deduction, add all possible exemptions. If its less than 3.75L new regime else old regime.
For example
80c -1.5L
80d - 50k
80ccd - 50k
Rent - 25k/month (Assume basic salary 1L monthly). So 3-1.2 = 1.8L
Adding all this its 4.3, so old regime would work.
Use this formula and avoid CA for just this
sir aap ca student's ka scope khatam mat karo plzzz ca aasaann nahi hota . fir kya ham job leave karde tax samajh na har kise ke bass ki nahi hote and aagar log time me aayenge to tax planning bhi karke denge aap pllzzz ca ka jo goodwill hai ya jo ca ka scope hai vo maat giraaooo
Yours and Akshay Srivastav are the best Finflucers in my opinion...
Thanks for the information 🙏
Team LLA
Tax dena be hai aur Sala L be lege why can’t this simple and straightforward for at least a 10 years every year there are changes how many time’s general public have to keep doing and redoing at least keep it same for 5 years
Great analysis of budget 👍
Tax avoidance is not illegal but Tax EVASION is illegal.
This New Tax Rule Applicable To Current Financial Year Means 1 April 22 to 31 March 23 For File ITR Return?
No, it will be applicable from 1st April 2023 till 31st March 2024 🙏
In NPS we can additionally select employer contribution of 10%. Ie, 60000 can again reduce. As per my understanding this is applicable for both new & old pattern.
You can only get 50k benifit from nps, rest all will be taxable 🙏
@@Chacha_chaudhry_007 that is 80 CCD (1B). There is one more option available in NPS. Its 80 CCD (2). Where corporate employee can additionaly save tax up to 10% of our basic pay. I am availing this from last 3 years.
The max limit is 7.5 lakh per year. I mentioned 60000 was about the excel example in the video where basic pay is 6 lakh. So 10% of six lakh means 60000
80C - 1.5 lakh
80 CCD (1B) - 50000
80 CCD (2) - 60000
Total can claim 2.6 lakh.
This Is Called Quality Content 💯🔥🔥
Unified poratal banaya Jaega. But govt portal chltey kab h. Bilkul user friendly nahi hotey
Great video. straight to the point. I just started earning so not aware of this. Can anyone tell me if these changes like the tax rebate till 7 lpa are applicable for financial year 2022-2023 or 2023-2024?
For 2023-2024
If you are earning more than 15 lakhs and having a deduction of more than approx 4.25(1.5 L 80C+50 k NPS+2 L loan interest+HRA+50K StandardD+75K HeathI+ Food Coupon+Professional Tax+LTA)lakhs, then go for the old tax regime, else go for new Tax regime.
Basically the government is giving you tax benefit of 127500 under the new tax regime when you are earning more than 15 lakh.
Very informative video 😊
Dekhi bhi hain daali diye comment
abhi to premiere ho rha hai,kaise pata informative ke baare me,
@@sakshamagarwal8578 yes sir dekh hi rha hoon.. title se kuch to idea hoga
Meri salary 12L h, 1.5L 80 C saving karta hu, or HRA rent 2L h bas or kuch nahi h
Mujai new tax regime Leni chahiye ya old tax regime???
Regarding leave encashment, is the rebate only on encashment after "retirement" or also after changing job?
I also have this same question 🤔
LLA, PLEASE DISCUSS ABOUT REMOVAL OF 15000 CAP IN PF AS PER HONORABLE SUPREME COURT DECISION FOR PENSION OF GOVT EMPLOYEES, SHOULD WE OPT OR NOT.... WE HAVE SOME TIME LEFT BEFORE LAST DATE
Mai apki help kar sakta hu apka tax reduce karne me.... apki return file karke tax refund aa jayega...If you need any help in filing your ITR and discuss regarding tax saving tips and tricks you can contact us. Contact number is shown in DP and Description
Hi LLA, PPF limit is changed or not? I heard that it was proposed to be increased to 2.5Lacs ?
No
Employment Rules for Independent contractor( Indian Citizen) for working Canadian company in India( work from Home) and that foreign company doesn't has any office here in India.
Rules and regulations forgetting salary from that Canadian company and other important things to while accepting the job offer.
Your reply will be very helpful
Very Nice Content and Information
We need with example, if possible please make a video on old vs new tax regime.
Mera 15 lakh income hai . Mujhe kya use karna chaiye old ya new? Mai retainership me hu.
old
@@ashishkumarchoudhary_0089 Thanks for your valuable reply 👍
Old regime
If post deduction and exemption you can bring taxable income upto 10 Lakh then go for old regime. Usually in first week of April you can use tax calculator on income tax portal or cleartax. Then decide
@@shadowdroid5465 Thanks
Please consider decluttering the TCS on outward remittances.
How does TCS is adjusted in tax filing?
Will we need to pay 20% extra every time to transfer money for US Stock Purchases?
One imp point missed i suppose.
In new tax regime the standard deduction 50k (Rs.52500) is when salary is 10 lacs or more.
So if its less then no standard deduction and hence the 87A rebate would help employees with 7 lac salary only not 7.5 lacs, to get 0 tax.
The problem is not just paying more taxes but not getting anything in return is the main problem, if i had good govt schools and hospitals for my kids/family wouldn't mind paying taxes.
Partially agree 🙏,there are good govt schools and hospitals but we people think its bad, we are mainly seeing where are our relatives kids are going, where are our neighbours kids are going and at the end we are sending to our kids to those fancy schools 🙏, govt doctors are best as they are seeing more patients and have more experience but due to long queue, we will avoid it 🙏.
You must pay tax in pakistan bruh to help ummah
Highly informative. Kudos to your efforts.👌
From RUclips shorts I am here 🤣🤣🤣
Mae bhi aya hu lekin tumhara comment like nehi karuga 😁😁😁
Same mai bhi nhi krunga
@@himangshudeka1738 why bro 😢
@@futureofficer6815 why 😢
@@shankughosh841 kyun ki tumne Obama ka address nhi pta esliye
This is My favourite you tube channel 👌👌
I was waiting for your video since budget was announced. THANK YOU!