Comparison Of Deduction And Exemption in New And Old Tax Regime

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Comparison Of Deduction And Exemption in New And Old Tax Regime #newtaxslab #oldtaxregime
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DISCLAIMER ********
This video is merely a general guide meant for learn­ing purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

[@CASumitSharma]

👉For Professionals Help Click Here - bit.ly/casumit

[@narendersharma5089]

एक बहुत अच्छी जानकारी दी गई है। पूरा खाका तयार कर दिया है। सारी शंका का समाधान हो गया है। बहुत बहुत धन्यवाद सर जी। 🇮🇳🇮🇳🙏🙏

[@CASumitSharma]

Thank you

[@CASumitSharma]

Bade bhaiyA Jo kamai krega wahi dega tax to . Thank you for your kind words 🙏 Itna achaaa bolne k liye shukriya Rajeev ji

[@omprakashchouhan3843]

Sir NPS Me कर्मचारी के 10%पर छूट है या नहीं कृपया उदाहरण के साथ समझाने का कष्ट करे

[@gulshansoni1676]

But proforma me deduction ka column nahi hai sir

[@CASumitSharma]

Which performa? Which deduction?

[@taruneshporwal7978]

Very nice information and also explanation

[@CASumitSharma]

Glad you liked it

[@kewalchandjain4931]

Informative video🎉

[@CASumitSharma]

Glad you think so!

[@manojjha16]

Very nice information

[@CASumitSharma]

Thanks

[@vidyanandmitharwal813]

Very nice 👍👍 thanks 🙏

[@CASumitSharma]

Most welcome 😊 sir

[@yadramchandolia7905]

Excellent sir 👍

[@CASumitSharma]

Many many thanks

[@jagmersharma2752]

एक बहुत अच्छी जानकारी दी गई है। पूरा खाका तयार कर दिया है। सारी शंका का समाधान हो गया है। बहुत बहुत धन्यवाद सर जी।

[@CASumitSharma]

Most welcome Happy to help

[@jagdishprasadluhar8529]

Bahut acchi jankari di gai gai gai.

[@CASumitSharma]

Thanks ji

[@Japanvlogswithmanish]

Good information

[@CASumitSharma]

So nice of you

[@NANDLAL-fs8eb]

Very good sir

[@CASumitSharma]

Thanks and welcome

[@ManojSahu-fi8mu]

बहुत अच्छी जानकारी, धन्यवाद सर

[@CASumitSharma]

Thanks

[@Japanvlogswithmanish]

❤❤❤

[@CASumitSharma]

❤️❤️❤️❤️

[@SherSingh-or8ty]

Thanks for sharing this news

[@CASumitSharma]

Happy to help ☺️

[@greenvision4387]

Bahut hi achche se samjhaya Apne.10 e .......

[@CASumitSharma]

Thank you

[@madhukardatir8792]

Very good, useful information

[@CASumitSharma]

Thanks 👍

[@GeetaSharma-tb7gl]

Nicely Explained Thanks

[@CASumitSharma]

Thank you

[@HarbiderkaurHarbinder]

Gud Information

[@CASumitSharma]

Thank you

[@dptoshniwal6614]

Very good explained

[@CASumitSharma]

Thanks 👍

[@vitthalrevande3377]

Very nice explanation 🌹🌹🌹🌹🌹

[@CASumitSharma]

Thank you 🙏

[@chandramohanjha1031]

Thanks alot for providing very good information in easy way.

[@CASumitSharma]

Most welcome

[@aks4297]

Bhaiya.. Kya nps me employer contribution ko sallery income me include karenge? Please

[@CASumitSharma]

Hanji include hoga Then 80ccd(2) me deduction mil jayegi

[@manojkumarmamgain7201]

बहुत अच्छी जानकारी थी धन्यवाद कृपया एक चीज बताएं कि प्राइवेट और सरकारी में क्या न्यू और ओल्ड में चेंज कर सकते हैं

[@CASumitSharma]

Yes

[@manojkumarmamgain7201]

Thanks

[@nitishgautam4317]

Very nice suggestion

[@CASumitSharma]

Thank you 😊

[@OpUp-o2y]

थैंक्स

[@CASumitSharma]

Most welcome

[@Your_idol_001]

excellent

[@CASumitSharma]

Many many thanks

[@d2e842]

Npsमे छुट, कुल आय में से जितना nps कटता है वो छुट मिलेगी ,जैसे nps साल का 70000, रूपय हुआ ,छुट 70000 रूप की ओल्ड और नू में दोनों में मिलेगी ,

[@CASumitSharma]

Employee ka hissa upto 150000 Employer ka hissa entire amount

[@najafalirizvi2134]

Very good video

[@CASumitSharma]

Thanks for the visit

[@vikasyadav-hg4kg]

Great explanation

[@CASumitSharma]

Glad it was helpful!

[@sarikaaggarwal5745]

Very good video

[@CASumitSharma]

Thanks 👍

[@anjankrdas5467]

Whether exemtion of interesr of post office savings bank account u/s 10(15)(i) is applicable in new tax regime?

[@CASumitSharma]

the exemption on interest from post office savings accounts up to ₹3,500 (₹7,000 for joint accounts) should still be available even if the taxpayer opts for the new tax regime.

[@parashuramsrivas6123]

Sharma ji super senior ji boodha use to 0 1 se ₹ 500000 tak shoonya tax thaa towo new men bhi ₹0 se 500000 tak rahega ya annyay hoga. Batayen thanks dhanyavaad.

[@CASumitSharma]

New tax regime me 300000 limit hai

[@anupsaxena9364]

Gajab bahut badhiya sir

[@CASumitSharma]

Thank you 😊

[@dayalanramaswami7956]

Very informative. Thanks. Addition on interest (s) and Dividends may help taxpayers sir

[@CASumitSharma]

Glad to hear 😊

[@jagjitsingh2422]

Clear information

[@CASumitSharma]

Thank you 😊

[@pratishneekhra4674]

Good

[@CASumitSharma]

Thanks

[@tanishasharma6994]

Good Job

[@CASumitSharma]

Thank you

[@RahulSingh-r9i6x]

Hello brother Nice information Please clear one doubt If we fill tax form with new tax regime now than can we go with old tax regime which filling online ITR in July/August? Please reply

[@CASumitSharma]

Yes

[@arrehman278]

Nice chart easy to understand

[@CASumitSharma]

Thanks for liking

[@Hr21Akanshi]

NPS me hamara Jo Paisa kat rha h Us par 6oot milegi ya ham alag se contribution tire 2 me karenge tab milegi

[@CASumitSharma]

80ccd(2) only Employer's contribution

[@MRSAHU-dd6vo]

Mutual fund profit &bank interest me standerd detection ka chhut milega ki nahi

[@CASumitSharma]

No

[@gopinathkamble8062]

Pl exple regarding HRA amt below or above as rent amt

[@CASumitSharma]

kzbin.infog8gt0Wtm5Z8?feature=share

[@nehadahiwale6856]

Nps employee ko ye lagata hai kya new tax regime

[@CASumitSharma]

Only Employer's contribution

[@rakeshbhartia3575]

What about the House rent received will 30percent deduction for repair is allowed in new regime

[@CASumitSharma]

Yes

[@KuldeepKumar-tv5zq]

Goodmng dear sir Apka video bahut accha lga Can we claim relief under section 89(1) filing form 10E if we get arrears??

[@CASumitSharma]

Yes

[@niranjankumar4518]

Mera now new me hai per from 16 uniform allounce hai to exempt ke liye old चुननकर भरना पडेगा

[@CASumitSharma]

Yes

[@kuljeetkumar8733]

Very good lakin home loan par new tax Regime main vaj per shoot milegi ya no

[@CASumitSharma]

No

[@princearora8667]

Jese mai Govt servant hu... Or humari gross salary 66000 h or total 8 lakh p.a ho gyi toh ab humko NPS kattne k baad Hume in hand 60k milti h toh ye NPS me Govt Share daalti h humara 6k...toh ab humara New Tax Regime se 7.5 lakh salary cross kr rhi h....toh ab ye jo Govt apna NPS share daal rhi h...iski exemption mil sakti h New Tax Regime me?

[@CASumitSharma]

The NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961, was allowed under the New Tax Regime Employer contribution only

[@rajeevchaudhary1793]

सर प्लीज मुझे यह जानकारी चाहिए कि sghs opd bill claim new resume टैक्सेबल इनकम में आएगा या नहीं🙏

[@CASumitSharma]

No

[@mandarkale2558]

sir ek query hai, u/s.10 ke tahat washing allowance ki deduction old regime me milati hai form no.16 me. wahi new regime me bhi milegi kya ?

[@CASumitSharma]

In the new tax regime, taxpayers cannot claim exemptions for washing allowance or similar allowances.

[@selfstudyforallcompetitiveexam]

अगर पुराना एरियर इस वित्तीय वर्ष में आया हो तो क्या न्यू टैक्स स्लैब में 10E भर सकते है जिससे पहले से ही एरियर का टैक्स वापस आ जाए

[@CASumitSharma]

Yes

[@abhinavs3641]

Humne govt accommodation le liya hai to bhi new tax regime me isko gross salary ke calculation me lenge kya

[@CASumitSharma]

Aapke agreement and employer PE depend krta hai

[@parvingupta9809]

A military person can get exemption u/ s 10 like hill area allowance military kit allowance etc in new regime?

[@CASumitSharma]

No

[@YogendraShukla-s8j]

Good information, not explained about rental income in new regim, In new regiment 1/3 deduction allowed or not in new regim?

[@CASumitSharma]

Available 30% standard deduction

[@kewalsir]

Sir, Will the new tax regime provide exemption on PPF interest or not?

[@CASumitSharma]

Exemption

[@sitaramsharma388]

Sir, gift from brother ko ITR 2 me kanha show karenge?

[@CASumitSharma]

No need to show in ITR

[@sitaramsharma388]

Thank you sir

[@NaveenKumar-oe2xp]

Sir, please advise If a person have turnover FY 2023-24 approximately Rs. 85 Lacs and declare 8% profit can he go for new regime because no income tax up to 7 Lacs

[@CASumitSharma]

Yes

[@NaveenKumar-oe2xp]

@@CASumitSharma Thank you Sumit.Sir,

[@rambabupatidar7261]

Sir government employees ko transport allowance milta hau us par chhut milegi ya nhi?

[@CASumitSharma]

There is no set limit to the amount of conveyance allowance a company or employer can pay the employees. However, the tax exemption limit is set at Rs. 1,600 per month or Rs. 19,200 per annum under Section 10 sub-section 14(ii) of the Income Tax Act (1961).

[@niteshkumargupta2448]

Uniform allowance and travelling allowance pr new tax regime me rebet milega ki nhi

[@CASumitSharma]

Uniform allowance available Travelling allowance for differently abled person only

[@chhiddaramgoyal1599]

Good information thanks,. mujhe raj.high court judge ment se salary and D A ka arrears Mila hai . meine advocate fees, court fees ka redemption milega ya nahi batayen

[@CASumitSharma]

Section 192 me aaa rhi hai to no

[@KapilSharma-uu7ky]

In HRA exemptions, can a person pay more rent than HRA received

[@CASumitSharma]

Can pay

[@Kirat3600]

Jai hind Sir.. Sir, jiska income of source farming ho, wo konse slab mai aata है...?

[@CASumitSharma]

No salb applicable for farmers Agriculture income is tax free Better to file ITR Keep records of transaction

[@saibalsur8601]

Under new tax regime whether provident fund amount received on retirement will be taxable ?

[@CASumitSharma]

No

[@deepeshjain9593]

किराया से आय में वैधानिक छूट 30प्रतिशत न्यू टैक्स rigim में मिलेगी या नहीं मिलेगी

[@CASumitSharma]

Yes Available

[@rajveersinghambesh213]

Handicapped person employee ko old mein 75000 se 125000 ki chhut milti hai wo chut new mein bhi milegi kya?

[@CASumitSharma]

No

[@rameshwarlaljat1733]

Mane vetan draw k time new tax regime choose Kiya tha to kya m ITR file krte time old tax regime me ja sakta hu

[@CASumitSharma]

Yes

[@K.vsk84]

Sir handicapped employee ka exemption ke bare me bataiye

[@CASumitSharma]

Refer section 80U

[@MahenderSingh-lz5zy]

Handicapped ko section me10(14) conveyance allowance ki kitni amount tk ki chhut milti hai

[@CASumitSharma]

According to Section 10(14)(ii) of the Income Tax Act and Rule 2BB of the Income Tax Rules, salaried individuals can claim conveyance allowance exemption of up to Rs 1,600/month or Rs 19,200/annum within a financial year.

[@namitakanhar1028]

Employer's contribution to NPS to hamare gross salary me to add nahi hui hai.kya tab bhi hum ye exemption le sakte hain?

[@CASumitSharma]

No

[@ankitapokharna7965]

Gross m agr badega to chhut ka matlab bhi kya

[@ankitapokharna7965]

Nps deduct nhi ho rha shayad

[@akrchannel12]

New tax regim se bharne par Arrear ki waghah se kat Raha tax wapas hoga ki nahi ,10e bharne ke baad

[@CASumitSharma]

Hoga

[@VikashGupta-by5mv]

Special able person ko transport allowance Mein Kitni chhut Milegi aur kis section ke tahat yah chhut pradan ki Jayegi

[@CASumitSharma]

Under New tax regime, you can claim tax exemption for the following: Transport allowances in case of a specially-abled person. Conveyance allowance received to meet the conveyance expenditure incurred as part of the employment. Any compensation received to meet the cost of travel on tour or transfer

[@latheefpm7346]

Important information

[@CASumitSharma]

Thank you

[@PURVANSHCG]

Tribal allowance ka chhut milega kya

[@CASumitSharma]

No

[@vimaladudave5639]

Sir NPS ghata sakte hain kya new sleep mein

[@CASumitSharma]

80ccd(2) deduction available

[@jainishpubreja2717]

Sir banking mai jo arrear ayega uspe tax kis hisab se ktega

[@CASumitSharma]

Current year ki income me add hoga You can take benefit of relief u/s 89

[@yogendradewangan741]

नये टैक्स स्लैब मे धारा 80 U के तहत 75000 की डिडक्शन मिलेगी की नहीं। कृपया बतायें.

[@CASumitSharma]

No

[@eduinfo007]

As a salaried employee can i shift from new regime tax slab to old tax slab later

[@CASumitSharma]

Yes

[@vineetsingh1755]

Kya new tax slab me 10 e ki छूट मिलती है या नही

[@radheshyambilmore2266]

Kya aap pata kar paye, ki, new tax regime me 10E ki chhut milati hai ya nahi ?

[@CASumitSharma]

Yes Available

[@NetarSinghDhaliwal]

Valuable information

[@CASumitSharma]

Thank you 😊

[@m7xi7361]

न्यू टैक्स रिजिम में 10(14)(1) , 10(14)(2) के अंतर्गत चिल्ड्रन एजुकेशन एलाउंस व यूनिफॉर्म एलाउंस की छूट मिलती है या नहींx

[@CASumitSharma]

No

[@dushyantraja]

Medical insurance premium me aapne ₹50000 ki chhut old tax regime me kahi hai, kya ye sahi hai?

[@CASumitSharma]

Age upto 60 year ₹25000 Age above 60 years ₹50000

[@sushmapandey9815]

80D मेडिकल अलाउंस 60 year से कम को छुट मिलेगी?

[@CASumitSharma]

No

[@bijanchaudhuri2346]

What about professional tax deduction in new regime?

[@CASumitSharma]

Not available

[@basirbhaikothiya8410]

Siniyar citizan 8.20%se jo incom hoti hai aur pmvvy se jo incom hoti hai to dono me 50 hajar ki chhut naye rijium me milegi ye bataiye

[@CASumitSharma]

Nahi

[@PankajJugran-n7y]

Sir new tax res. Me itr file kare to refund ho jayegi kya

[@CASumitSharma]

Yes

[@ramkeshmeena4293]

सर अगर कोई कर्मचारी new टेक्स regime के अंतर्गत टेक्स में नहीं आता है लेकिन 2 लाख सेलेरी एरियर आने के कारण 7 लाख से अधिक हो गई है क्या new tex regime के अंतर्गत 10 e का लाभ ले सकते है या नहीं plz sir बताने का कष्ट करें।।

[@CASumitSharma]

Yes

[@ramkeshmeena4293]

@@CASumitSharma but sir is sal income tax katana pdega ya abhi 10e farm bhar sakte h plz tell me sir

[@mcvaishy3236]

SEC-80dd aap ne nahi bataya hai

[@CASumitSharma]

Not available in new tax regime

[@giridharosenapati2210]

NPS is going in New tax regime... What about the GPF

[@CASumitSharma]

Not available

[@RAJATMAJUMDER-z5z]

Suppose I switch companies 3 times in a year, and I select my tax regime as follows: Company 1: New regime Company 2: New regime Company 3: Old regime Now, while filing my ITR, if I find that my total income from all three companies is less than 7.5 lakhs, can I switch back to the new regime?

[@CASumitSharma]

Yes At the time of ITR filing the regime selected will be final

[@amandhillon8961]

NPS share contribution new tax m kase rebate milegi smaj ni aya

[@CASumitSharma]

80 CCD (2) Contribution of employer only

[@HarishYadav-fm5qb]

Sir Maine revised itr 30 oct 2023 ko bhari thi but abhitak vo verify nahi ho pai hai kya kare pl ans

[@CASumitSharma]

Need to wait

[@MPSinghKushwaha]

Sir ji kya gift dene men bhi tax exemption milega

[@CASumitSharma]

No

[@KuldeepKumar-tv5zq]

Sir can we claim deduction of Arrears Of DA difference under section 89(1) ??

[@CASumitSharma]

Yes

[@MPSinghKushwaha]

Interest on Self Occupied House Property Par New Tax men bhi Exemption hai bhai ji aapne video men galat bataya hai Please re-check

[@CASumitSharma]

Aaap recheck kro sir Agar aaapko lena hai to le sakte hai Self occupied ka interest Lekin esa koi rule nahi hai

[@gendalalmalvi8155]

80ccd2. Nps in newslab

[@CASumitSharma]

Available

[@manpreetsadhra5732]

Army risk allowance kitna return hota hai

[@CASumitSharma]

Hardship allowances like foreign allowance, outfit allowance, kit maintenance allowance, gallantry awards, etc are not taxable. Whereas other hardship allowances like hostel subsidy, entertainment allowance, LTC, HRA, etc fall under tax.

[@CAyashji]

My clients GSTN was cancelled in Nov 2019 and after applied for revocation, it is approved. Now, GSTN is active. When filing returns (nil) for previous months/years, the portal is asking late fees(Rs.10000) per month. It means around Rs. 4 lakh will be paid again from Dec 2019 to upto date. Can this possible for any tax payer to pay such a huge amount? Please advice.

[@CASumitSharma]

If you want to run this GST Only this solution is possible after paying fees file return GST amnesty scheme is also in operation Check any benefit of this is available or not

[@CAyashji]

@@CASumitSharma sir is GST ko cancel bhi nhi kr sakte na jab tak sari liabilities Puri na hojaye yani ye amount to pay Krna hi pdega naa ....koi or solution btaiye naa jisse GST bnd hojaye itna bada amount kon de payega sir koi tarika btaiye

[@ManojSahu-fi8mu]

न्यू टैक्स रिजिम में चिकित्सा बीमा में छूट मिलेगी की नहीं सर जी?

[@CASumitSharma]

Not available

[@Myspritualjourney-p4v]

Sukanya samardhi ki shoot milega kya

[@CASumitSharma]

No in 80c

[@sonamkushwah9494]

Sir New tax regime me Form 10 E fill kar Arriar ki deduction le sakte hain.

[@CASumitSharma]

Yes, Relief u/s 89 of the Income Tax Act can be claimed in new tax regime

[@radheshyambilmore2266]

​@@CASumitSharmathanks sir !