22. How to Calculate Marginal Relief in Income Tax | Sec. 89 AY 2024-25

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[@payalmalviya8489]

Sir Apne jis tarah se marginal relief samjhaya💯 vese kishi n nhi btaya ❤thank u sir !💗

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Thank you sir for making income tax an interesting subject for me.

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Sir you make the things easy to understand, your lectures are too good and a different level of positive energy I get from your lectures😊 Actually sir there's a query, may you please explain about the increase in tax in the second illustration that 50,50,000 one. I'm getting so confused in the increased income and tax. So pls clear this

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Gratuity received in case of death is taxable under the head IOS in the hands of legal heir and the calculation would be same.

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[@Sheikhsuhail6666]

Your explanation 🔥

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[@technicalidbhai]

Ca raj sir best teachs ❤❤❤❤❤❤❤

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[@caaspirant_2820]

Thanks a lot sir!!

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[@SiddharthaShahu]

Sir Q 11 jo last ka aapne karwaye usme dout hai. 10060000 ka total income hai domestic co. Usme tax regime old lge ga ki new? Agar old bhi lge ga to 21-22 ka turnover dekhe ge n. Or agar questions me dia nhi h to 25% ka tax lgana chahiye

[@SiddharthaShahu]

Tax me Flat 30% kaisa lge ga usme confusion lg rha h

[@StudyAtHome]

Sir assumed 30% but you can 25%.

[@sketchartist5739]

Same problem

[@HusnaAnsari-t6t]

Sir how to calculate marginal relief when Special rate 1.16 crore Normal rate income. 1.14 crore Total. Income 2.3crore So we will compare tax on 2.3 crore and 2 crore but how to calculate tax on 2 crore becoz it has special rate and normal income both.. so do we have to take normal income as balancing figure after special income??

[@hackerbeluga]

perfect sir ji

[@StudyAtHome]

Thank you!

[@abhijayjain1226]

If regular taxable income is Rs 2.02 crores and LTCG is 50 Lakhs, do I still get marginal relief? Additional tax due to 25% surcharge is more than additional income of Rs 2 lakhs for the regular income. But, if total income is considered to be 2.52 crores, then marginal relief cannot be given. However, since regular income is above 2 crores, regular income and capital gains should be bifurcated. This way, marginal relief should be given. What's correct?

[@StudyAtHome]

Marginal relief will be given

[@pranavsingh5572]

thank you sir

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Thank You so much.......❤❤❤

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Thanks a lot sir 😊

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thankyou sir

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THANK YOU SIR

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Many thanks❤😊

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Sir aap bhot acha pdate ho Pr itni sari videos kaise jaldi complete kre ???

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Watch as much as you can and understand in a day every day.

[@nripendraku]

38:59 Yes sir ❤😊

[@Param_rishi_kapil]

Sir In default tax regime(115BAC) If the income exceeds 5 crore What's the rate of surcharge? 25% or 37%?

[@StudyAtHome]

25%

[@ravindrakumarsrivastava8179]

Please calculate Fy23-24 Ay 24-25 total incom7.5L

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Watch the playlist to calculate this: kzbin.info/aero/PLyY2ccCWylAq5C89aTwKEoMtNMwDqK93s&si=4K2Doka0NGKBFoAd

[@yashpalchauhan6feb]

Can you please share the notification regarding marginal relief

[@FathimaNachiyar-r4l]

Sir how r we gonna calculate marginal relief for LTCG ₹51,00,000..

[@tanvii160]

How do we calculate marginal relief on income of Rs 20100000 which includes 60 lakhs from special income and balance from other income? Please solve my query sir 🙏 I am confused whether we have to calculate both income separately including surcharge

[@StudyAtHome]

Yes you have to calculate separately. Numerous example has been done just do that no query would be left.

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Relief ❤for ca aspirants 😊

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🙌🏻🙌🏻

[@khushipathak2361]

Hello sir I am CMA inter group 1 students, sir aap jo income tax ki classes kara rahe ho is me both direct tax or indirect tax dono pura karoge naa ,sir please reply

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Whole Income Tax will be covered in the Free Income Tax Series AY 2024-25 and GST Series is already available on our channel. You can watch the lectures from here: kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4&si=oQlF-JrYiem8fdeb

[@khushipathak2361]

Ok, thanks u sir 🙏😊

[@aadibhardwaj9266]

Sir is these lectures is applicable for cma intermediate june 24

[@StudyAtHome]

Yes it is

[@nripendraku]

17:44 Calculation of tax Upto 15,00,000= 1,50,000 On 36,00,000= 10,80,000 ------------------- 12,30,0000 (+) Sur.@10%= 1,23,0000 -------------------- 13,53,000 (-) Mar.Rel. = 53,000 --------------------- Tax before cess. 13,00,000 (+) H&EC @ 4% = 52,000 -------------------- Tax payable = 13,52,000

[@varalakshmikundukuru8898]

How we know marginal relief is available to that income

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[@mastermindideas6049]

Sir Marginal relief is applicable to both regime or only the new ones??

[@StudyAtHome]

both

[@mastermindideas6049]

@@StudyAtHome ok sir 👍

[@Seemu_010]

Sir surcharge ki rate same hogi dono slab mein ya 115bac mein different rehegi????

[@TheCANexus]

115 BAC me 2 crore se above 25% rahegi chahe 5 crore se exceed kar jaaye... And noraml me 2 crore se upar 25% and 5 crore se upar 37%

[@Omp_andit42]

Sir illustration no. 9 me working notes me apne 1Cr pe surcharge to add kiya h pr cess ny kiya h kya cess lagega yaha

[@StudyAtHome]

cess marginal relief less karne ke baad add hota hai.

[@shrawanicreation8494]

Sir marginal relief firm ke case me applicable hota hai kya?

[@itsme-sneha]

Same doubt Or default regime me nahi milta na ?

[@siddhikakatkar-1890]

Sir in illustration 11 how we come to know that the domestic companies has the turnover above 400cr bcause we have taken flat tax rate of 30%

[@StudyAtHome]

Sir solved it on the basis of assumption. You can better take 25%.

[@siddhikakatkar-1890]

@@StudyAtHome Ok thankyou 😊😊

[@swapnilchondhe8804]

Sir leave encashment received during service ka relief le sakte hai kya section 89(1) mein

[@StudyAtHome]

NO

[@swapnilchondhe8804]

@@StudyAtHome thank you very much sir for the reply🙏🙏

[@nripendraku]

2:39 tax upto 15 lac = 1,50,000 Tax beyond 15 lac= 10,50,000 TI= 12,00,000

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👍

[@ankityadav01358]

Sir I am watching for June 2024 , isse padhna se ho jayega na ?

[@StudyAtHome]

Yes, absolutely!

[@naina5208]

Sir is marginal relief and surcharge both are applicable on only new tax slab rate ??

[@StudyAtHome]

applicable on both slab old and new

[@naina5208]

@@StudyAtHome ohk sir thankyou so much ♥️

[@cainterstudent5763]

47:23 pr sir illu 11 m domestic co ki tax rate 30% hi kyon li turnover toh Nhi diya 400cr Vala jisse pta chale 25% lenge tax rate ya 30%

[@StudyAtHome]

Sir solved it on the basis of assumption. You can better take 25%.

[@sherinepeter4213]

​@@StudyAtHomewill you please clarify why general rates taken instead of new slabrates. By default new slab rate to be followed right ? Please reply sir

[@RiteshKumar-nf6dr]

SIR DOWNLOADABLE PDF MILEGA KYA? PRICE KYA LAGEGa?

[@StudyAtHome]

You can not download pdf as it is copyright protected. However, you can buy Income Tax printed book from our website - bit.ly/3OwBkfe

[@umrahawais]

😊

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😇

[@shahidafridi2113]

Is this applicable for CS executive as well or not

[@StudyAtHome]

Yes, applicable!

[@ShikhaSoni-bi9ek]

Sir marginal relief resident, non resident dono ko milega ya sirf resident ko?

[@StudyAtHome]

Both

[@sujitkumarpaul9077]

As i know we have to start study with 2 subject (one theory & one tax). Mai pehle tax padna chalu kiya aur iske sath adv. Accounts karu iya costing karu iya koi aur subject karu ? I am confused. Please suggest me something.

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You can do accounting

[@ShubhamBhardwaj-wj2td]

Sir ye to rebate ke tara hi hai na

[@Ayush_editor_31]

45:30 sir yaha 3 lakh nil kyu hai sir mai aapki purana income tax se kar raha hu to usme yo 250000 he to karte hai individual ke liye new slap me ? 2024-25 Years me change hua hai kya?

[@StudyAtHome]

Yes, the slab rates have changed. You can checkout this video for clarity- kzbin.info/www/bejne/hZakoZqImbiaiNE You're advised to watch the videos in proper order to avoid any confusion

[@mirmoinahmadahmad5530]

Sir Standard deduction deduct nahi kiya aap na

[@Skfact24551]

Sir Agar dekha jayen to after MR kuch portion income par 100% tax lag raha hai isko court mein challange kar sakte hai.

[@StudyAtHome]

MR is a benefit, it cannot be challenged

[@DKoli2004]

Sir mujhe may 2024 ke lia hard books purchase krni hai DT and IDT ki, link send kr dijia sir Plz reply sir🙏🙏🙏

[@StudyAtHome]

Here's the link- www.studyathome.org/publication/bharat-publication/

[@Seemu_010]

Sir rebate new slab mein rebate 7l tal milta hna 5l tak kaise??

[@Sanebalak]

OLD SLAB RATE : UPTO THE INCOME OF 5 ,00 , 000 REBATE OF 12500 IS ALOOWED RESTICTED TO THE AMOUNT OF TAX PAYABLE . NEW SLAB RATE UNDER SECTION 115BAC : UPTO THE INCOME OF 7 , 00 , 000 REBATE OF 25000 IS ALLOWED ...RESTRICTED TO THE AMOUNT OF TAX PAYABLE .

[@unnativerma5]

11:03 sir ye concept toh rebate jaisa hi hai na?

[@StudyAtHome]

Yes, rebate of new regime.

[@VINODVKAMAT]

Sir my salary income after standard deduction is Rs 7,10,000/-. If I calculate tax as per slabs given under new regime will be: On 3,00,000/- Nil On next Rs 3,00,000/- @ 5% 15,000/- And on balance Rs 1,10,000/- @ 10% - 11,000/- Total Tax Rs 26,000/- But when I put this amount (7,10,000/-) in tax calculator given in income tax portal I am getting tax amount as Rs 10,000/- I could not understand how is this? Whether I am getting marginal relief or what sir? Please clarify Sir.

[@StudyAtHome]

Yes, 10000 is correct and you're wrong. Watch this video - kzbin.info/www/bejne/h6mwiIiaht2Yfc0si=jM8y2_oAylKFsnPD

[@NoName-me2bq]

This is because of Rebate given to new Tax System as Per Sec 87A

[@karinapathan80]

I don't understand marginal relief on 1,01,00,000

[@rakeshkumarkushwaha5718]

Happy independence day to all

[@StudyAtHome]

Same to you🙌🏻

[@mdjahangiralam1009]

47:14 flat rate @30% liye magar more than 400 crore toh mention nahi hai

[@StudyAtHome]

Assumed

[@suraju97]

Sir apki sari income tax ke lectures kb tk end ho jaenge?

[@StudyAtHome]

They're expected to be over by December

[@skegyan1407]

Sir dec thak pura tax hoga appka main pdr asea tax kyi nhi pdr kiss ne

[@StudyAtHome]

Yes, it is expected to be completed by December

[@ankitjha2]

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[@virendrasinhvaghela6860]

❤❤

[@StudyAtHome]

🙌🏻🙌🏻

[@HusnaAnsari-t6t]

23:10

[@adhyatmikgyan8345]

51,79,104₹ tak ki income par marginal relief milega individual ko..😎😎😎😎😎..

[@nx100gaming6]

No

[@technicalidbhai]

I want to buy new course ca intermediate for 2024

[@StudyAtHome]

Contact 7776012345

[@nripendraku]

26:41 😊😊😅😅😂😂

[@shubhamdubey7765]

25% tax kyu nhi laga domestic co. Ka 30% kyu laga

[@PriyankaChoudhary-mt1jj]

Sir solved it by taking assumption u can take it 25% as well

[@shubhamdubey7765]

@@PriyankaChoudhary-mt1jj okay understood thanx

[@StudyAtHome]

Yes, it was an assumption, you can take 25%.

[@201ajaykori]

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[@StudyAtHome]

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[@chaupheychanakokma9768]

Sir, can i get ur no.

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You can contact us on 7776012345

[@demon04x]

Thank you sir ❤🙌🏻

[@StudyAtHome]

You're Welcome

[@StudyAtHome]

Most welcome 😊