Do This To Save Tax For Next Year 💰

Are you paying the insurance premiums for your parents? If they aren't working then it becomes tax efficient if you pay for them.
According to Section 80D, you are allowed to deduct up to ₹25,000 in health insurance premiums for yourself, spouse and kids. But you can deduct a further ₹50,000 for your senior citizen parents (₹25,000 if less than 60 years old). This brings to a grand total of INR 75,000 in deductions which can save you up to INR 22,500 in taxes.
But what if you're unable to utilise this entire ₹75,000. In that case you're allowed to claim a further deduction of up to ₹5,000 on preventive health check ups, diagnostics etc. For next year’s tax planning don’t forget to do this
.
.
.
.
.
.
.
.
.
.
#financewithsharan #healthinsurance #insurance #insuranceagent #insurancetips #moneymanagement #savemoney #personalfinance #investingforbeginners #seniorcitizen

[@jayantpaul4341]

Sharan be like : I have COVID bro no energy . Sharan 2 sec later: “with the energy of a SUPER SAIYYAN” I FOLLOW MY MAN BRO 😂😂😂😎😎😎 Edit: 190 likes…omg….thank you so much 🥹🥹🥹

[@subhamjha3309]

😂

[@idosomethingiguess3680]

Lol

[@Sidewalk.Enforcer]

Because he was saving the leftover energy to do the super saiyan kamehameha ending ! 😂

[@anay1610]

Lol

[@yugveerbjain5631]

Guy sthis comment has 100 like more than video Are u kidding me 😂🤣😂

[@DrKakashi-ep9pq]

One of the main reasons i watch his yt shorts is just to enjoy the enthusiasm with which he says "i folllow my man bro"...

[@preetij9872]

Sike, bazinga ⚡⚡is what I come to hear on this channel 😂

[@hilux9944]

'Shata' and 'kya fukk ke aaya hai be'

[@thekrakozhian392]

Sheldon Cooper fans...

[@samaramahajan8677]

Young Sheldon and TBBT fans be like : 😎

[@kaushik6371]

Sharan: i only have 60 seconds KZbin: indroducing longs😅😅

[@suryarevanth552]

Income tax department want to know your location

[@cool_kid123.]

Lol

[@aarisahamed411]

Nope its a right way to reduce tax

[@akshaygacharya]

@@aarisahamed411 ypu can claim upto 25000 rupees only for health insurance and get upto 50000 for medical expenses of your parents if they are senion citizen

[@Ayaka_69]

@@akshaygacharya don't say me you're a CA student

[@kedarnathn8246]

It's tax planning , lol non tax students 🤣🤣

[@pradeeshs5662]

Exactly I was looking for this today... And the follow my man bro posted 😛😛 Finance with Sharan

[@dipesh137]

I have covid Me: I am scrolling I don't wanna take covid Edit: thank u for all the likes lol I have never got this many

[@yashrajjhanitian]

Well, but you haven't got that much as well!!!!😁😁😁

[@vrajeshshivakumar5407]

Man is a word Maga is an emotion 😅

[@Vgamer-fv2gk]

Love the way u promote urself.

[@igot_ethics]

It's inspired by others too 🙂

[@igot_ethics]

Throughout yt, short content regarding this stuff is trending nowadays

[@pesalapavankumar5199]

FYI check up amount 5k is inclusive of 25k / 50k depending on parents age. 5k is not extra deduction.

[@derekdsouza7013]

Most of his videos are filled with half information. Watch his videos for the act he puts up, for proper information, we need to use our due diligence and donsomenself research.

[@imsanathshetty]

​@@derekdsouza7013are you into CA ..

[@anushagorthi4121]

Love how you promote yourself.

[@rakshithkashyap6762]

Me after this video : I FOLLOWED MY MAN BRO, "Finance with sharan"

[@thatrandomguy8988]

"I have covid bro no energy" _2 seconds later_ I FOLLOW MY MAN BRO

[@VimalKumar-vs4hb]

Amazing sharan Bhaiya ❤️

[@ujjawalgoyal4810]

Hope u get well broo

[@thekrakozhian392]

Bazinga⚡

[@ValKS-0]

Sharan: I have COVID Sharan with costume: doesn't care

[@giri1478]

😂😂 maybe mustache is the mask I guess 😋

[@kailashnath3834]

When you get high income you won't think much about taxes in my opinion

[@kailashnath3834]

I follow my mannn bro Finance with sharan, your tricks don't work on me 🤝

[@PS-zt1ne]

I have COVID, I follow my man finance with Sharan 😂😂😂

[@haroonbasha1]

I dont have enough finance and wealth But I like way of your information great maha

[@gandhijiahimsa8099]

Please put video for upper and lower middle class and also poor people

[@AyKayAyEXE]

“got covid, no energy” WHAT ARE YOU DOING 8N A PUBLIC OFFICE? 😂😂😂😂😂😂😂😂😂😂😂

[@ImprovementDaily01]

I wish they made these cars in India it's affordable and so good

[@gujetishruthi3557]

He similarly looks like telugu actor: Adavi Shesh. 😄

[@user-sp7tr9jm5u]

Sharan bro 😂u r revealing all the good to people,and the big companies,banking,and government got anger on you bro😂😂😂

[@user-rh1hb5ek9f]

I love the way how this guy make ads in a funny way 😍

[@sukshithshetty8349]

Any idea which is the continuation of this video for next 20 k 😂??

[@dingding4898]

any idea hoow?

[@satenders1080]

Hello sharan i am in income tax department , I want to contact you .🙂

[@IndianBoy77]

I have covid. China: we need to work on new virus people are getting bored with covid and corona

[@TJ24291]

So you wasted 30000+5000 to save 20 thousand. Instead you could have just did the regular health checkup for them with 5k n paid taxes of 20k and still saved 35-25 = 10k Anyways most of the disease are not covered in first year of insurance. And some for 2-3years...

[@suchitraprasad9830]

So innovative & humorous Sharan... Keep it up dear ❤

[@abhijithp76]

If he paid rs 1,60,000 as tax for fy 2022-23 without deductions, his annual income would be somewhere around 11,50,000. If he opted for new regime, the tax would be just one lakh!

[@vikramshankar3144]

My man Finance with Sharon 🔥

[@mrpandupatel]

No money? Finance KZbinrs: I know this simple trick called robbing a bank.

[@ZLone93256]

Maga sike neenu 😎🤩 Amazing videos 😎

[@damodaryadav]

Excellent videos..very catchy and absolutely interesting....good work keep going 👏🏻👏🏻

[@MKapybara]

Making my child watch this. START YOUNG!

[@shabshah9071]

Thanks for taking the advice, Maga is perfect...

[@keylan9191]

"haha i paid only 1.4 lakhs" and that's how you evade tax.

[@Suraj-_-Sood]

When you do CA from cheap courses , thats how you give advice to your clients.

[@samsalot6115]

if your parents give you money in cash, you cant show receipts. Plus the total amount of gifts you can recieve from family that is tax exempt is 50000, you'll have to factor that in as well..

[@dzex7190]

​@@samsalot6115if the expenses of medical check up and health insurance is paid in cash then its disallowed,

[@kartikiyer7976]

Any amount received from relative is exempt, not just 50000.. Of course relative only covers some people and not all

[@looser1119]

Said he don't have energy *started throwing kame-hame-ha*

[@krrishkedia3551]

You have the best strategy 😃😃😃

[@drymeat3603]

These tips are good for PPL who already have enough *money*.Pls make vids on how to go from a peasant to Tate.

[@vishalparmar5930]

Save tax by this way and let your country be poor said by this man

[@HI-tx3pv]

I agree with you that is cheating

[@shivamdas9895]

Income nhi h but video accha lagta h

[@akashonly3257]

finance ka Ranveer Singh . Full of energy😂

[@financew-sha.1309]

Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..

[@simeonjacob8761]

Everything is fine and interesting and educational. But one thing your intro in end so much exaggerating 😂😂

[@thunderclapandflash8160]

honestly... the only lame videos that are actually helpful and I like...😂♥️

[@AbhishekSinghSambyal]

Kamehameha at the end is epic! Keep doing it.

[@user-fb6gz9sc2g]

mbappe is the updated version of messi,ronaldo,pele combine stats

[@kushagr_chugh_2310]

Just Do CA to learn more 😂 it is the basics of taxation chapter in CA inter

[@abdullahfaizaan8381]

Very interestingly he just gave our parents free health insurance and annual check up 😷

[@harshithms.4246]

Love from karnataka

[@livelydivya1609]

I follow u my Man 😀

[@anhadka2051]

When you don't earning but you know how to file ITR & save taxes as much as possible ...

[@PrakharChaubey-uk2ss]

famous last words i follow my man finance with sharan dies 🤣🤣🤣🤣🤣🤣🤣

[@stonks693]

How many of you understand nothing but yet watch the full video 🤣🤣

[@RiyanMuthuraman]

Me

[@spidy_dude.707]

Bro took his mush away in shock

[@mindtalk8794]

MAGA nim content super adhre kannada video madi plz

[@adhirajsen7799]

Felt like Jim vs. Dwight from The Office 😂

[@user-ru5ku3hx2g]

Most indian middle class who don't even have a health insurance like here😂👇👇

[@simpleice9675]

'I follow my man bro' Josh otusanya

[@sanjanaakotyada4753]

And this is why the income tax department is searching for u.....

[@financew-sha.3682]

⬆️⬆️ thanks for the comment.. Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳

[@sanket______]

He should have done CA So that we could feel more reliable

[@JC55103]

Relatable as a ca aspirant

[@subhashissarkar3998]

Purchase insurance and get upto 1.5lac tax benefit under section 80C and in future you will get all maturity amount tax-free under section 1010D

[@abhilashpk7693]

You are doing a great job bro. Very helpful.

[@natureflowrelax]

I love the content. You are so amazing 😅

[@yddhafdywajihahrazali5092]

I liked how he said mother instead of bro 😂😂😂😂😂

[@mohamedaashiq462]

I don't know why government has to keep things this complicated

[@yashwanthkumar5332]

80D has a max limit of 50 thousand rupees per year. Buying insurance over this limit will not help.

[@kingslysebastin7523]

True these influencers Simply marketing

[@Ram-vp5gb]

Bazingaa...I loved it bro 😄

[@SussyChungus8543]

Is no one gonna talk about the line before the thing with 30.000 rupees?

[@malotharjunnayak]

Finally some Indian videos, now I’m going India in 31st of jan

[@s.lingesan]

And the Indian Government played Bazinga by introducing a new scheme. The old scheme is limited to niche cases now

[@homecrafts2024]

He indirectly trolled benzinga 🤣🤣🤣

[@pragyamishra90]

Hey all, I like your all the videos and it's really informative..... I personally request you to plz share video explaining OWNI trade in financial market, I am trying to learn but hardly I get a data on this online... Plz advise, thanks!

[@akkapathridaniel5955]

I love u bro from india 🇮🇳

[@thehypetraveler8114]

10000 rupees is nothing that’s basically my monthly allowance

[@prashanth.s7597]

Ca inter students: another revision

[@gauravs8602]

Hahaha saved 20k by paying 30k insurance 🤣 Parents b like tu gov ko dene se hamara bhar de

[@googleff8793]

On every video at last he uses the kameehameeee

[@Ramanean]

Bro your acting is next level!

[@freewheelingypsy9368]

I was hoping magga would take his clothes off too in the end. 😂

[@equinoxrandomness8446]

Imma share his KZbin channel to my dad

[@swaroop4una]

Uncle magane😂

[@YadavBLR]

Sir I Think You Are From Bangalore Karnataka . Am I Right ?

[@wiredweird4953]

not here for fin advice. Here for "I FOLLOW MY MAN BRO... FINANCE WITH SHARAN" 😂

[@siddhantsambyal5054]

It feels so greedy man

[@PaokLive863]

THAT IS GENIUS

[@shitanshugautam8438]

Saved 10k in income tax by investing 30k in health insurance.. waala nice saving 😂😂

[@theankurgautam]

Other way round his family have to invest that money on health insurance anyhow. Here he saved 10k.

[@dnarna7880]

Getting money from parents even after you earning...

[@financew-sha.3682]

⬆️⬆️ thanks for the comment.. Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳

[@keshavanvenkatesh6075]

Bro can you please write a book sharing all of your finance tips and knowledge please

[@SureshKumar-uz1dk]

Hai Sir I had taken home lone in SBI,and I had paid 12 instalmentshow can I close the loan.

[@sybcomeclydecoutinho3986]

Hey you know 'I took them for..' way better than 'forced'

[@nafizhoque9315]

Bro the way this man finds loop holes in the system and uses them ☠️

[@Ayaka_69]

They're old tricks bro just read deductions u/s VI-A

[@SussyChungus8543]

Is no one gonna talk about the line before 30 thousand rupees, the one that says "Correct! So I'm making one bomb over here," LIKE WTF

[@annoyedlunanoalpha7366]

Annual health check will also come under this one only... How to use it as deduction

[@Desisattebaaz]

Bro r u from Karnataka??? Plz reply.. Btw love from Karnataka

[@nateshraokatkar9091]

Sheldon's bazinga was killer