Income Tax Calculation 2024-25 for Senior Citizens | How to Calculate Income Tax for Senior Citizens

Income Tax Calculation 2024-25 for Senior Citizens | How to Calculate Income Tax for Senior Citizens
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These income tax rates are same for financial year 2023-24 and 2024-25.
Topics discussed in this video
how to calculate income tax for itr
income tax calculation ay 2024-25
senior citizen itr filing 2023-24
senior citizen income tax return filing
income tax slab for senior citizens for fy 2023-24
super senior citizen income tax calculator
income tax calculation ay 2023-24 govt employees
super senior citizen tax slab
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income tax slab 2024-25
income tax calculation ay 2023-24
income tax calculator 2024-25
income tax calculation
how to calculate income tax 2023-24
old vs new slab income tax
old regime vs new regime
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[@chandudayare2570]

बहोत अच्छी जानकारी आपने दे दि है. धन्यवाद 👌🏻👌🏻 👍🏻

[@IshwarSingh-hd1lt]

Your way of teaching is very nice

[@badriparsad786]

Thank you Sir for this very useful videos

[@rameshwardayalgupta6856]

Benefit under section 80Ushould be given .80 TTB rebate for interest Rs 50000 should also be given.

[@swapankumarsarkar7023]

Thanks. Very well presented. Go ahead. Thanks

[@mittersensen6998]

Good information

[@Gautam-fo6bg]

Is rs 50000 per month is sufficient for a senior citizen to serve his family after spending a lot of money in medical purpose paying with GST. If govt can deducted this money from initial income it will help the SC.

[@sulemanzaid8723]

Thank you,Sir.

[@ShyamSingh-tg1ic]

Thanks for your simple and effective explanation. Sir I am a senior citizen and I would like to know how to calculate my income. My major source is investment in bank FDRs. Usually I submit form 15H. How to claim the TDS deducted by bank because of non linking of Pan & Aadhaar

[@venkateswararaosunku7890]

Excellent video full of information with examples. Good efforts.

[@sadhuram467]

😊

[@sadhuram467]

😅😅

[@bholanathmishra14]

Thank you so much Sir.

[@yusufmohammad623]

Bahot thanyvad

[@basavi100]

In your video you have not shown any deductions for any premium paid for health insurance,will you please explain with an example for the calculation of tax in the new regime for senior citizen

[@jeetasingh9510]

A senior citizen with 9 lacs per year income from pension should opt for which regime

[@mohinderbhumbla1334]

New tax regime

[@shielanayak9200]

A Senior citizen with 9lakh income from Bank Interest.what tax I have to pay.( new regime).

[@jeetasingh9510]

@@shielanayak9200 9 lac minus 75000 leaves 825000/-taxable. Upto 70000 tax is 20000, on next 125000 tax is 12500 so total 32500 plus 1300 as surcharge. It works out to 33800/-

[@sirheshkumar6827]

नंनंँ​@@mohinderbhumbla1334

[@sumanlata2884]

Old tax tegime me itr filing deduction k saath btaiye Otherwise confusin h

[@premmohanbhatnagar3869]

Sir, pl also cover the self assessment tax liability by a Sr citizen in respect of Securities Capital gains/loss, urgently. Thanks

[@SumitYourSubscriber]

Nice video sir 👍🏻

[@akshay_dapke]

Thank you 👍

[@AnilGupta-gj3bj]

I am a senior citizen. I got a before maturity payment of HDFC life insurance. They have deducted TDS on the bonus amount. Please let me know weather it is taxable or non taxable. If non taxable how I can claim exemption in the ITR

[@prakashchhoriya4772]

What about post interest deduction

[@sarangjoshi641]

Nice information..agar kisi person ki sirf other sources se income he salary ya business se nahi to kya tax dena padega?5 lakh se niche..Itr bhi bharna padega?

[@BankingBaba]

3 lakh se jyada hone pe ITR bharna zaroori hai

[@Rameshupadhyay-d1m]

12500 jo aap rebate milti he uske lie koi documents dene hote hein kya sir

[@jjspatel]

After getting into New Tax Regime from old regime this FY 23-24, for next to next financial year 25-26, if any tax slab increase in new regime, is it possible to shift to old tax regime from New regime in FY25-26?

[@RajpalSingh-be4ym]

Whether in case of LTCG and STCG on shares ,the rebate of Rs1lac on LTCG in New tax regime is also there.

[@satishchanderseth3770]

THOSE Senior citizens who Opt OLD TAX REGIME Standard Deduction should also be increased from Rupees Fifty thousand only to Rupees Seventy Five thousand only. It is must, because senior citizens should be given some relief.

[@rameshchokkanhalli331]

Excellent

[@mlal3001]

My salary amount Rs 518864/ and interest amount Rs 409036/ total Rs 927900/. FY no any tax to gov. I want that how much minimum tax pay to gov. Kindly advice me

[@surendrakatyal9523]

Can we get Rs50000/- rebate against SCSS in new tax scheme?

[@satishchanderseth3770]

Senior citizens should be given some sort of relief. The interest income from POST OFFICE SCSS iNCOME should be given some relief in NEW TAX REGIME also, otherwise it is useless for Senior citizens to Opt NEW TAX REGIME. It should be given by creating some other Section. Senior citizens should be given some relief whether it is OLD TAX REGIME or NEW. TAX. REGIME. Standard Deduction for Senior citizens should also be increased to Rupees Seventy Five thousand only.

[@sureshvardhan75]

Guru ji aik to aapne title galat diya f/y 24-25 likha whereas f/y 23-24 ka tax btana chahiye thaa saath mein new regime mein senior citizens k liye std deduction aor interest ki choot milegi ki nhi agar hai to kitni milegi aapne btaya nhi

[@varghese1747]

He is correct ITR is for assessment year 2024-25 and financial year 2023-24

[@rameshwardayalgupta6856]

Benefit of 80 u&80ttb should be given.

[@AnitaNayak-ny1yo]

New tax regime is 500000standard deduction n 50000 bank interest to be added to 700000 means upto total 8 lacs is it tax free ,

[@AnitaNayak-ny1yo]

Standard deduction 50000

[@BankingBaba]

Only standard deduction, no deduction for bank interest available in new tax regime

[@bijaykumarprasad3998]

I am super senior my earning is 1000 per month as pension and I earn from mutual fund and share . How to calculate the income tax?

[@PradeepAgrawal-kt3jl]

Super

[@noormohmadtheba7718]

How deduct house rent in filing ITR

[@debojitchakraborty6182]

sir. I senor citzen person. My son disable person. My pension and bank interest total yeary income 7 lac tax লাগবে কিনা

[@vishaljabran5567]

Kya esm ka pension par tex maf hai

[@HASIASdailycurrentaffairsbyAKb]

Bhai, if total tax is 30000 instead of 25000 then will we get reabate of 25k

[@upsingh-ud3ex]

न्यू स्किम में विकलांगता की छूट मिलेगी क्या

[@monu108]

Old me h kya?

[@himanshusojitra]

In which income tax clause rebate upto ₹25000 is given in new income tax regime?

[@BankingBaba]

section is same 87A for both old or new

[@bhanwarlalsharma9108]

87a ki margin discount 40000 bhi to he 700000 se upper income par

[@shishupalsinghpunia]

My income only for pension and FD interest but bank deduction tds who can rebeat

[@ashbhasin4674]

What about standard deduction??

[@edithsahni9253]

19lauck per income tax kitna ayga please🙏🙏🙏

[@MaheshAgrawal-dz2si]

gregiuti avkash nagdikaran pr tex lgega

[@panditdigambarraochavancha8012]

टॅक्स फाईल कब तक सबमिट करणा पडता है /

[@bhanwarlalsharma9108]

Please provide real and true calculation

[@labhsingh8134]

What is the rebate on fds for senior citizens

[@varghese1747]

Rs.50000 under 80 TTBB

[@BankingBaba]

Only in old tax regime

[@varghese1747]

@@BankingBaba correct

[@satishchanderseth3770]

There is no benefit of maintaining SCSS. It is ONLY for Senior citizens. Under Section 80 TTB, Senior citizens those who are Filling the Return in NEW TAX REGIME, there is no use for Senior citizens for maintaining the same account

[@satishchanderseth3770]

It means He should File the Return Under OLD TAX REGIME ( senior citizen). If for the last 5_6 years He is maintaining the SCSS. Account, it means he. is compelled to FILE THE Return under Old Tax Regime. There is. no use of increased Standard Deduction.

[@katamareddyrcr1654]

Sr citizens IT Calculation in English upto income of 8 lakhs

[@satishchanderseth3770]

No benefit has been given to Senior citizens those who are maintaining SCSS Account., provided he. files. the. Return Inder Old Tax Regime

[@jpee7604]

Ist example me 12500/ ka rebate nahi ghataya gaya

[@nirmalbiswas2035]

Senior Citizen tax file(Pensioner)

[@bhanwarlalsharma9108]

Marginal relief above 7 lakh income 40000 he

[@harishbhaipatel722]

ઈન્કમટેકસ વિશે બહુ સરસ માહિતી મારી ઉમર 73 વર્ષ છે, જયશ્રી દ્વારિકાધીશ

[@khusitalukdar8983]

9 lakh gross total hala senior citizen new regium ITR korla kato tax parba

[@pravinkumaracharya2534]

My age 75 . l am pensioner, l had invest F D, senior citizen F D. please comments in New Resin caculet.

[@cksaha8781]

सिनीयर सिटीजन को सब कुछ मालूम है और ये भी पता है कैसे यह सरकार सिनीयर सीटीजन को धोका दिया

[@khusitalukdar8983]

Translate to bengali

[@PraveenChodhry]

सरकार सिर्फ जन प्रतिनिधियों की सुविधाओं का ध्यान रखती हैं जबकि इनकी अधिकांश सुविधाएं बंद होनी चाहिए..1o लाख सालाना आय रिटन विहीन होना चाहिए तब ही सरकार काकोई कार्य दिखेगा. पहले भी वित्त मंत्री ने 7 लाख तक की छूट दी लेकिन ये अच्छे से नहीं हुआ..सरकार को स्पष्ट और साफ सुथरी घोषणा करनी चाहिए..मोदी सरकार ने मध्यम श्रेणी के लिए कुछ नहीं किया है

[@anujkr4226]

Aap bhramit kar rahe hain.

[@TerracegardenbyWgCdrHNTiwari]

What about standard deduction

[@jawaidiqbal7739]

What about standard deduction

[@BankingBaba]

Its available in Both regime

[@toziasultana1600]

1000000@@BankingBaba

[@baldevrajkapoor1078]

Supet senior penshiioner, inc I iiIkh 14:58 I. How much tax to pay.

[@baldevrajkapoor1078]

I am sjuer seníor penshioner, I ncome, 6 lakh. How much tax due in new regime.

[@prakashchhoriya4772]

What about post interest