17. Income From Salaries - Problem No: 2 From Income Tax Subject

Dear Students,
To follow all the lectures “Income Tax - 1” subject, please follow the given link:
• 1 Introduction of Inco...
Please follow the given Subjects & Chapters related to Commerce & Management Subjects:
1. Financial Accountancy - Part : 1
• Accounting Basics For ...
Financial Accountancy - Part: 2
• 1. Non - Trading Accou...
2. MEFA (Managerial Economics & Financial Analysis)
• Accounting Basics For ...
3. Business Law
• Introduction of Busine...
4. Statistics
• Introduction of Statis...
5. Financial Management
• "Capital Budgeting" In...
6. Cost Accounting
• 1. Cost Introduction ...
7. Business Economics/ Managerial Economics
• "Introduction To Busin...
8. Basic Introduction Chapter of Financial Accountancy
• Accounting Basics For ...
9. Bank Reconciliation Statement
• 42. "Bank Reconciliati...
10. Final Accounts
• "Final Accounts Introd...
11. Depreciation
• 1. Depreciation Introd...
12. Rectification of Errors
• 1. "Rectification Of E...
13. Business Origanization & Management (BOM)
• "Characteristics & For...
14. Career Options
• BEST CAREER OPTIONS AF...
15. Company Law
• "Introduction & Featur...
16. Bills of Exchange
• 53. Introduction To "...
17. Non - Trading Accounts
• 1. Non - Trading Accou...
18. MEFA / BEFA For Engineering Students
• "Introduction To Busin...
19. Recommended Text Books For Commerce & Management Subjects:
• "Business Law" Only On...
20. Consignment Accounts
• 1. Introduction of Con...
21. Joint Venture Accounts
• 1. Joint Venture Accou...
22. BCRW (Business Communication & Report Writing)
• 1. Introduction To Bus...
Don’t forget to share these videos.
Sharing Is Caring….
Stay Blessed & Good Luck 😊
Follow my other Channels
1. Dr. Devika Bhatnagar (Soft Skills & Motivational Channel)
/ devikabhatnagar
2. Carnatic Veena Classes by Devika Bhatnagar
/ @carnaticveenaclassesb...
3. Devika Bhatnagar’s Telugu Channel
/ @devikabhatnagarstelug...

[@bahduhmablng906]

Dang lah ban ine ia i teacher lajong ruh.👍 Thank mam.

[@lasojr]

Dei lh 😂

[@studytime4105]

Hd mo phi ioh pt ktno exam

[@virajkamble2787]

i really like your teaching ma'am, it is very easy to understand what u teach with each minute detail...

[@NeetuRajagopal]

Ma'am I didn't understand how you got 5,000 under deductions in entertainment allowance, can you explain ma'am?

[@krishgupta890]

I also confused in this point

[@snekasak]

heyy so the 5000 is set by the govt by default its like either 20% or 5k rs hope this helps

[@pulamadhavi]

Entertainment allowance fixed 5000

[@duvvarakshitha2886]

Thank you so much mam😊really it is much useable to us... We can easily understand the way u teach... And it's clear mam.... Keep on Posting important questions and answers And once again thanks a lot mam... 😊

[@ajaykumarrangu8939]

mam why you not deducting the standard deduction u/s-16(i) after gross salary?

[@hariommahwarajasthan5863]

It is also uselful for dept exam of income tax. Thanks madam ji 🙏 namaste

[@Arun-s5n]

Mam How to take 5000 in deduction allowence

[@snekasak]

heyy so the 5000 is set by the govt by default its like either 20% or 5krs hope this helps

[@Arun-s5n]

@@snekasak edhi nen na 4th sem lo adgina.. present I'm 6th sem 😀..

[@vmkgaming1455]

​@@Arun-s5n eppudu naku 4th sem exam vundi em cheyalo chepu bro 😁

[@kronos-vmb]

Sᴀᴍᴇ ʙʀᴏᴏ​@@vmkgaming1455

[@2020tinku]

I am housewife and commerce law graduate but not working and now planning to. Go for job so I wanted to. Know all topics and then I will try job trails thank you for all yr videos and thanks alot for ur explanations

[@Pranaviabhiramvlogs2015]

Your hard wok very pecious to all the students who follow you Mam .... 😍

[@saisuhas8334]

I have come a successfully completed that problem madam 👍👍👍👍👍 whatever you are telling I am trying madam I have just already covered this income from salary head before as you are started I am just practicing with you madam with the help of your channel and with the help of your topics if any thing missing I will verify with your answer madam

[@de-kingstutor]

Awesome video... i have also accounting videos.. check it out by clicking on my bio

[@geethabgeethab8044]

Super mam your teaching

[@lourduramesh1840]

Thank you very much mam .i like the way you are teaching method and motivation

[@jogusrikanthjjogu4700]

Mam in working note 6 bit calculation of allowances why should we have to take 5000... Plz tell this mam

[@avuladiwakar294]

Bro govt employee aithe 5000 tesumovali anthe adi role bhayA

[@jogusrikanthjjogu4700]

@@avuladiwakar294 tq bhaya

[@twinklemedi2465]

thank youu mam fr ur kind explanation it really helped me understand easily

[@minuteexamprep675]

1:56 point 9 ....8000÷12× 2.5 unexmpted (to be written in table)

[@raviprasadn8432]

Ma'am u/s 16 we want to give standard deduction of Rs 50000

[@kishanpr1057]

Yeah that's what even i was Wondering

[@vedantkulkarni6274]

Right

[@rezwanshaikh9932]

yaa y she didn't include standard deduction 50000

[@mvbhuvanesh7315]

U/s(16)(ia) its 40,000 as standard deduction

[@Excuse_me_Mr]

Which one ?

[@ItsKeKu]

thankn you maam i understood every thing in this lecture

[@p.muthuganesh214]

Mam add the standard deduction 50000 u/s 16

[@mirfaixan19]

vo minus hota hai , but madam kar nahi rahi hai

[@gayathri.sgayathri.s7507]

Mam we can calculate INT ON RPF 2.5 Its can calculate 8000×2.5÷100 then why u can calculate this method 🤔🤔

[@tsheringwangmoSC]

That's what I was thinking....

[@aq5421]

Yes %means divided by 100 Even i wonder why mam took 12

[@ARJUNARJUN-bo5in]

Same dout

[@jaggu02]

Thank you so much Dear Mam 💕💕Very nice and easy explanation Mam

[@sadanandamoger27]

Why we have to take allowances in deduction mam? Can you explain?

[@shamsundarsateeshkumar8432]

hi mam, why do we take 5000 during the calculation of deduction

[@Roshhuu]

Why why why 😒😭

[@Roshhuu]

Please help reply 🙏🏻

[@ayushrana9220]

Plz mam also make video on cap gains.

[@SkMobeen-w1w]

there is a standard deduction also in the sec 16

[@villagecreativity2869]

Previous problem ke use cheyyaledhu kadha mam deductions

[@DeepaTallur]

Ma'am you didn't less standard deduction u/c 16 (1)

[@markmyshoot5476]

Entha direction cheyali

[@NageshBiradar-u5i]

Thank madam we are good understand madam🎉🎉

[@RamaiahMoora]

Mam not only say in English please tell Telugu together 🙏🙏

[@karthikKowkuri]

Excuse me mam Standard deduction u/s16(ia) we have to take 50,000 or not can u answer it plz

[@safiyafatima1089]

We have to take 50,000

[@SaikrishnaReddy-ty3ws]

Mam He Is A Government Employees So Allowed As Deduction 🤔If He Non Govt Employees Deduction Cannot be Allowed

[@travelexperienceenjoy2162]

Ma'am If dvance salary adjustment is given where should entry

[@shiny8972]

Mam In the last video you have not taken employer contribution to provident fund and interest contribution also

[@rocksai4285]

Hello

[@punepraha]

thank u

[@humeraKhan-j3w]

Thanks mam , I want ur more videos please

[@minuteexamprep675]

1:44 3:40 point 9 (why is it exempted? Ans: cuz govt value not given) Contimue from 10:00

[@noname-hm8jl]

20:11 how 5000 came in working note 6th steps?

[@Bharatha231]

Thanks you Amma 🙏

[@KoushikGunturi-ps7sl]

Vakamuka artham kaladuu

[@atreyamuley8242]

We haven't taken calculation of salary i.e. 15% of salary why ? And also standard deduction of rs 50,000?

[@panjalaprasad8045]

Mam how u can taken 5000 to calculate allowance and contribution

[@abdulwasey9612]

It is as per rule of tax

[@SANDY00660]

Madam about exception that class link please share madam

[@hothrareddy]

Madam we need to deduct 50000 (u/s 16 )for every problem but u won’t do it 🤔

[@Mohan-bi5mb]

U/s 16 is standard deduction

[@hothrareddy]

@@Mohan-bi5mb I know it but in this problem madam didn’t deduct it

[@santhoshminisanthosh3182]

We deduct 40000

[@Mr.Zayaan]

Mam why we taking 25%taxable on conveyance allowance Plz answer fast

[@Jeevanakarnati]

Mam please upload valuation of Goodwill and shares valuation of Goodwill

[@villagecreativity2869]

Mam standard deduction u/s 16 (ai) eppudu thisukovali medam every problem ke deductions use cheyyala mam please explain it mam.

[@pandhulavinaykumar4204]

🙏

[@HARSHUROCKY]

i think she don't know telugu

[@sagarg6080]

Mam how to taken entertainment allowances in section 16(11) @5000

[@rajeshwarim2657]

See the Working note 6 in this video The least of the amount is taken as exempted value

[@rockhitbant5]

@@rajeshwarim2657 how to get 5,000??

[@rajeshwarim2657]

@@rockhitbant5 standard deduction for entertainment allowance is 5000

[@GayathriRajesh__4]

Mam advance salary also comes under salary?

[@aqsasiddique1417]

Maam entertainment allowance in case of govt employee is extempted partly

[@nambaladivya8503]

Madam i have this subject in 2022 now in my 4th sem.. Can u plzz tell me should I follow you or not. ??? Plzz mam tell me...

[@graduationexamination]

mam ENTERTAINMENTS ALLOWANCE... deduction

[@samsonsanthosh]

14:46 Miss isn't 2.5% of interest credit rs 200?

[@uppalayashwanth7915]

I have the same doubt

[@simpsonmaduram7729]

Same doubt

[@siriadvina_official6326]

Yes same doubt

[@ststarnareshnani1674]

Thanku mam

[@devikascommercemanagement]

Practice well & good luck 👍

[@noname-hm8jl]

20:13 Man how 5000 is exempted?

[@snekasak]

heyy so the 5000 s set by the govt by default its like either 20% or 5k rs hope this helps

[@saimahesh2678]

​@@snekasakif it is 20℅ menans it 38000 right??? Then from where dis 5000 came? 🤔

[@TeluguSharkTrader]

@@saimahesh2678which ever is less, that is considered for deduction….she said in before classes

[@RAJeditsz]

Mam we want to give 50000 deduction on standard deduction

[@darshanjain4955]

Only for private company

[@LovelyEnjel-fu7lo]

Thank you mam

[@Divya-x1y3o]

in point no : 6 of working notes (under cal of allowance u/s 16 ii{c} ) how'd u got 5000 ma'am it is not mentioned in the question !

[@jaisyamalap6279]

Standard deduction is not considered in this problem

[@sumerakhan8797]

Mam plz make a video of company accounts from advance accounting book plzz mam we have exams🙏

[@vaishnavigurram4969]

Thank you Mam ❤

[@alwinreji5625]

from where the 5000 came no idea can you help me with that

[@mepanghangroyan8422]

That is House Allowance. The amount given is 8000. Deduction of House Allowance is the least of: a) 20% of salary b) Actual amt (8000) c) 5000 amt default Here 20% of salary is > 8000 actual amt 8000 actual amt is > 5000 Therefore, the deduction of Allowance here is House Allowance deduction Rs 5000, which is the least of a, b, c

[@Shanawaz8002]

Mam plsss make video on 3rd sem units of Accounting plsss huge request 😢

[@devikascommercemanagement]

Which chapters are there?

[@Shanawaz8002]

@@devikascommercemanagement 1st unit :- partnership Accounts-1 2nd unit:- partnership Accounts-2 3rd unit :- Issue of shares, debentures, underwriting and bonus shares 4th unit :- company final Accounts and profit prior to incorporation 5th unit :- Valuation of goodwill and shares Mam pls make videos on this chapter😢😢 pls it's kindly request for u mam .! Through ur channel I got in 1 sem 7.96 gpa 😍 even I didn't go clg after I join in degree ..! 😁 Thnx for responsing my comment mam 🙂

[@devikascommercemanagement]

1, 2 chapters covered. Follow this link. Rest of the chapters will take a lot of time because I have few targets. kzbin.info/aero/PLLhSIFfDZcUXN9Eh9nqwvzfVWi8uwJ_yV

[@Shanawaz8002]

@@devikascommercemanagement tq mam ..! We r waiting for total chapter of 3rd Sem Accounting 🙂

[@mohammedsameer8664]

mam in this prblm why you not taking standard deductions...... as you take in 1 prblm na so that's why im asking plz telllll

[@AMIGoYt2407]

Madam 5000 entertainment allowance ala thisukunnaru

[@ARJUNARJUN-bo5in]

Same dout 5000 ela thisukunaru

[@gerardgonsalves4588]

Why is conveyance allowance not treated like entertainment allowance. , I.e. the deduction is shown separately down for entertainment allowance, but not done similarly for conveyance allowance..

[@Creamy-moon-6]

Because it is a special allowance and allowed as deductions for govt employees...

[@ZORO12257]

Can't we take standard deduction 50,000?

[@sk_ateeqahmed900]

✅✅Yes

[@psureshkumar3436]

Mam income tax e publishers chadavali

[@editclipsIndia]

Last working notes me ₹5000 kaha se aaya?

[@Roshhuu]

Kaha se aya bhai bta de

[@prasannatutuki2120]

Mam in 1problem y did we not took 12%on Provident fund

[@prasannatutuki2120]

Y do we take in this problem 12%🙏help me out mam

[@jaypalkappari3964]

Because 12% is exempted for employee contribution to RPF

[@bejjamrakesh9423]

Hi mam, Can you please tell why have you taken 5000 there in deduction side. Having exam tomorrow please update when you get the message

[@jaypalkappari3964]

It is taken as per the rule of tax

[@sasuravideo1163]

Nice lecture 🤗 mam

[@MDArif-ih6ug]

Employers contribution is excempted then how she consider that one 7 point of questions no .' in her previous video she exempted but in this she is considering how. ' please anyone help me in this ????❤

[@saniyafatima2988]

From where this 5000 came??🤔

[@toxicgamer4567]

Well explained mam thank you mam

[@mahmoodaanam48]

Mam Can u plzz give importance questions For IPE 1st year exams

[@de-kingstutor]

Awesome video... i have also accounting videos.. check it out by clicking on my bio

[@SureshSuresh-je6js]

Mam 5000 endhuku thisukunaru ela vachindhii

[@leoooo2678]

12:40 mam here how you got that 9.5 it's not given in text book question?

[@vamshikunchi4902]

9.5 is exempted broh

[@seru8189]

Hello mam. I need your help. How can I contact you?

[@seru8189]

Kindly don't ignore me😭

[@alakuntaanusha7348]

Tqsm mam 🥳❤️‍🩹

[@saddhamgundluri802]

Mam u/s 16(ia) standard deduction 40,000 to be given

[@rithikanilasakthivel2302]

How is it 40000 i think standard detuction is 50000 which one is crt

[@madtime5251]

​@@rithikanilasakthivel2302where mentioned to deduct standard deduction 50000 can u plz tell mee

[@BHKARTHIKGAMER]

Rent free house owned by employer should be considered

[@divyaparab20]

Hi Mam what about standard cost of rs 50000

[@saimahesh2678]

🤔

[@NyathaSwetha]

Will be useful for them medam 2023 to 2024

[@furquanmohammed7260]

what abput standard deduction?

[@sk_ateeqahmed900]

🤫🤫🤫🤫

[@ravikabadagi1999]

Mam 3800,16667 add madilla niv

[@sumitdigal1641]

Thank

[@Zero_no.1]

mam RPF ki deduction milti hai 80C me vo kyu nahi minus ki🙄

[@AkankshaThombre-em2wf]

From where 5000 comes??

[@snekasak]

heyy so the 5000is set by the govt by default its like either 20% or 5krs hope this helps

[@vaishnavi.t9420]

But it is 25% yy did u took only 20 % in the calculation of allowance

[@2020tinku]

Excellent madam

[@gundaanil512]

Mam i have a doubt

[@gundaanil512]

Which is concerned salary on rpf

[@ManasaYadav-p4r]

Mam eppudu R. P. F is given 10% how to calculate exemption is 12% only

[@vamshikunchi4902]

Exempted

[@madhunampelly6349]

Mam MCQ question paina tips and tricks cheppandi

[@talupulanagabushanam8649]

Madam Sk University B.com 2nd semester economic and Accounts important questions chapindi Madam plsss

[@2020tinku]

Understood clearly

[@kavyakavya1517]

❤❤❤❤tqqq mam

[@dhariakannamma9094]

How You Took 5000 suddenly

[@buddhakalyani6870]

How 5000 came in deduction

[@42revathi54]

Mam standard Deduction U/S 16 50,000 Mam

[@bhoomikapoojari8630]

Yes it should be deducted u/s 16(is)

[@bhoomikapoojari8630]

16(ia)

[@BHKARTHIKGAMER]

It is deleted from the assesment year 2006-2007 So after the year 2007 there is no standard deduction

[@Dadsqueen33]

❤❤

[@ANIRUDH_6]

Why you took 5000 madam? Explain clearly na😑.

[@sk_ateeqahmed900]

😢

[@snekasak]

heyy so the 5000 is set by the govt by default its like either 20% or 5k rs hope this helps

[@yadavstarbalu5161]

Madya madyalo telugu lo matladandi plzzzz

[@RamyaEndla]

Telugulo cheppadi medam

[@sk_ateeqahmed900]

😊😊