[ep2] Engineer Explains Income Tax Calculation | Deductions, Exemptions & Rebate

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Here's part 2 of the Income Tax basics. In this video, you will understand the concept of exemptions, deductions and rebate. You will also be able to calculate income tax after watching both our videos. Let us know if you want more such videos on topics like capital gains tax, income tax act in general.
Income tax calculator portal: www.incometaxi...
Read about this in English: labourlawadvis...
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Chapters:
01:36 What is Gross Total Income?
01:54 What is Exempted Income?
02:50 What is Taxable Income?
03:20 What are Deductions?
04:55 What is Net Taxable Income?
06:10 What is a Rebate?
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[@LabourLawAdvisor]

Hax to Save Tax: www.taxplanningforsalariedemployees.com 💸DEMAT Upstox: link.lla.in/upstox ☑File ITR with Tax2Win (English): bit.ly/2zIypzk ☑File ITR with Tax2Win (Hindi): bit.ly/2ZVPaBX

[@khalidhabibIT]

Can we claim agricultural loss in the itr 1???

[@LabourLawAdvisor]

Yes !

[@khalidhabibIT]

@@LabourLawAdvisor how? Please cover it in your next videos

[@khalidhabibIT]

Can we claim iron and office cloth wash cost too?

[@LabourLawAdvisor]

Yes

[@adityavgoyal]

Haaa PART 3 chahiye!!!!

[@ankitaakash1762]

Please continue this series. Its one of the easiest platform to improve our financial literacy.

[@dibyanshudhanuka]

The way you used boxes to explain different terms was really awesome. Thank you for making concepts so easy.🙂

[@dipakchoubey17]

I'm a CMA final student also have cleared IPCC but never before have I understood this in such an easy way

[@simmi641]

Other channels have hyped so much about these tax-related things so it becomes more complex for us to understand but thanks to you who made it so simple for us to understand, thanks again

[@aayushgupta9337]

Bohot achee se samjhaya ...

[@debasishaditya3019]

U explain better than tax professional. 👍

[@LabourLawAdvisor]

Thank you so much 😀

[@NewbieInForeignLand]

Thank you So much, sir :) Being an engineer I too always rely on CAs & its bit tricky to keep all the records at the time of ITR filing. Thank you for clearing all these concepts in a much simple way. Please come up with more such videos on these jargons. Please create one video on getting GST credits as well like How to claim it etc.

[@ramashish9894]

You have explained it in easiest way

[@nadeembhikba]

Make further episode on income tax act.

[@garvsaini9160]

Please continue this series gives a lot of valuable insight!!

[@ArvindSingh-ys5ei]

Please, continue this series and bring other episodes ! Most useful

[@mo.usufraza8725]

Thank u sir, bahot Easy kardiya aapne tax payers ke liye, sir or bhi videos zarur banaiye

[@BABA-xl6ms]

Are yaar bahut aasani se samajh aaya bro, thank you

[@thefinalguide]

Yes, do make a video on Marginal utility or capital gain, Tax, short-long term.

[@varunakarniya]

Please continue the series, this is amazing. The way you explain these topics are amazing. Please continue this series, this was really helpful

[@simmi641]

Need more videos like this part 3 please, thank you

[@shivasharanasj5845]

Upto 2.5 lakh income is exempted income. Loved the video and please make future parts on TAX

[@JockerTheRipper]

Hello Labour low advisor team, Thank you for series of informative videos. Please make video on 'what happens to gratuity amount if a employee leaves the company within 5 years. Where the amount will go ?' -Thanks, Rajat

[@dgaria1]

ऋषभ जी आप की वीडियो बहुत ही आसानी से समझ आती है। Thank you for making such kind of video l. 😊

[@sanjayladdha5710]

Detail vedio on how taxation on intra day share trading n how taxation on f&o transaction ie future n call option. This 2 video I seen, are too good and very simplified.

[@LabourLawAdvisor]

Already done

[@wildlifersam9012]

The name of the return we get on income tax for income upto 2.5 Lac is:- A. Exemption.

[@RahulPal-mz4oj]

How?

[@unorthodoccc]

Are saifu tuu..😂...btw very awesome incometax series.. really very informative

[@sushmitakumari6951]

Informative! Yes eagarly waiting for all those topics which you have asked in video.

[@aditibattulwar6095]

Please continue this series... We want to be aware about our finances!

[@sumitrajput16_5_95]

Bhaisahab maza to tab aaya jab aap pehle to hame jagruk krte hain or beech m promote krte hain Upstox jesi apps 😅😅😅 Or is se zada maza tb ayega jab aap pichle video m promote ki gyi apps se bachne ke liye agle video m jagruk karne lagte hain....🤣🤣🤣🤣 But really I appreciate you guys a lot.... Huge respect for you guys from my heart... 🙏🙏🙏🙏

[@kuldeepkatare9497]

Excellent description sirji Thanks a lot

[@vikashsingh8954]

Nice explanation. Please make one video on EPS in fully details. Everything when we will get that and when we switch from one firm to other. Thanks in advance

[@prasenjitbiswas2709]

We carry on sir. Itna accha videos hota hain kya batau

[@riachatterjee5626]

Pls pls make videos on complete tax...Thank you sir for the info

[@shwetagaurkar9054]

thanks for explaining in the simplest way....really helpful

[@AjitSharma-xg6pi]

Pls make video, Marginal utility or capital gain, Tax, short-long term.

[@rishabhiitb]

Video is live now

[@rayeesamomin9006]

Please upload other parts also 🙏🙏🙏

[@amanagarwal8705]

please make it ep3 it is beneficial for us ........................

[@shahabnadvi05]

Thank you Sir, excemption and deduction was so confusing. You made it very easy! Please make a video on different sections of Income Tax

[@yashankar3308]

eagerly waiting for your videos on this topic....plz cover more on filing tdr....n dedicated video on deduction

[@gracydmello9895]

Sir u explained it very well

[@hirankthakur6585]

Part - 3 ❤️❤️.please. 🙏

[@vahbiav92ghanekar]

Bahot hi badhiya videos hain. Please keep making more videos on taxation.

[@AmanSingh-wc2rq]

Part 3 awaited

[@Chandankumar-mg7bp]

Topic is very easy . Please continue..

[@subratasarkar1314]

Yes sir, appe bohote asanme Bolte ho

[@learnforearn7461]

People should atleast press that like button to show some love. Remember learning never comes free of cost.

[@somashekhar7708]

The best detail explanation given by you Sir.

[@AshishKumar-bn8jc]

Sir u are doing a good job

[@rohitagarwal7676]

Easy Explanation with Fun Plz make video on short and long term capital coz i m an investor 😊

[@bharatjl]

It was more helpful. We need more such videos.... Very easy to understand

[@biplabbarman501]

Thankyou LLA🙏👏✌

[@DigiTechTuts]

A: exemption

[@shauryachauhan9609]

Brilliant content. Keep it coming! :)

[@mumbaikachallenge5526]

Badiya video ekdum thank you!

[@amansamrat]

Sir... bahut hi easy laga... aur bhi videos banaiye👌👌

[@sushrutsarmah2859]

Wow you made it so simple to understand

[@sudeeptakumarnayak432]

Thank you very much Sir. I was in need of videos like this. I am a proud subscriber of your channel.

[@ashaygupta1995]

Kindly make a video on capital gain tax (both LTCG & STCG) for mutual fund and stock 🙏 Along with tips how to save it .

[@jayantsonawane]

Please make a video on exempted income in detail. Your videos are very useful for the common people. Thanking you. 💐🙏🏻💐

[@mohitgoel7243]

great content made such a complex topic easy🙏🙏

[@Pranav_Palan]

Very Helpful 🙂👍🙏

[@alhaitamriyadh]

Simple & nicely explained. Thanks sir.

[@nileshkumarkoli9476]

Thanks for the video, Where is Episode 3?

[@dennisphilip7596]

please make a video on exempted income sources

[@ShubhamGupta-qb8ee]

Answer to question is OPTION D Its is basic tax slab Not A: as exemption is like agriculture income Not B: as Deduction is under 80 C or on certain other expenses like Health Insurance Not C: as Rebate is what we get back from tax fir tax paid under 5,00,000 income of 12,500 Thank u Rishabh bhaiya i m also añ engineer like u, but learning all this is quite fun😈😈..U know how to made things easy to grasp... Engineers Rock😈

[@mdfaisal8691]

Please keep it up.... Good going sir

[@pramodkhaitan9795]

Very helpful video regarding tax saving

[@DrHarshalDidwaniya]

Part 3 please 🙏🙏

[@anantjain4518]

Thank u sir , Aur bhi aage ese hi bnate rahiye

[@vaibhavrane8481]

Very simple and informative

[@ajayshukla6365]

Plz make continue video

[@arshadjafar5886]

Nice video Sir, we want more.

[@abdulrahmanshah6040]

Waiting for next part of video

[@Samsung-rc3ju]

Nice work. Please make more videos

[@gaureshnagvekar7879]

Nicely explain

[@KuldeepNegichannel]

Thank you.....yes please continue to make such vlogs on all the topics...the answer should be Exemption as we don't have to pay any tax on it 👍 correct me if I am wrong....and please make Share market videos so that we could invest in stock for which we will download the App 👍

[@vikrantuppar3790]

One part more pls.

[@bhaveshsingh6540]

Please make part 3

[@techthatmatters141]

Please explain all the individual terms in detail. Like marginal utility and the lot, the ones you listed in the end. Thanks!!

[@sourabhchawla2595]

Yes, more video please and pls provide list for exempted income or video. Answer is: Exempted income first 2.5L

[@hiteshkatira4556]

Thank you so much sir for information...

[@gauravmishra5998]

Awesome video and easy to understand

[@shivindorwala7755]

Great job sir. Really easy to understand.

[@shyamg7777]

Please make further videos related to to tax

[@RahulKumar-rh8xm]

Best video ... thanks for making such video... Kindly make such video on marchant navy people... seafarers income tax...

[@Purnviram03]

Loved this video

[@bellaali7757]

yes please make more videos on income tax.

[@kirtilalbehera1166]

Sir please part 3 🙏🏼

[@Chandankumar-mg7bp]

Part 3 . Sir please make

[@kalonacharjee1729]

wow so nicely explained, thanks a lot!!

[@kuldeepruletiya3146]

please make video on Long term sort term

[@rourkelawalanabin458]

Nice topic sirr....we want more video like this.

[@Sam-rp4hy]

Sir taxation ka crash course bana do. It will help us For salaried and for proprietorship se differentiate kr skte h

[@tarunvodela4995]

Please make a video on rest if the topics

[@indira.s9542]

Sir ji pls make more videos PLZZ🙏

[@MForMaharana]

Thanks... For part 2, required part 3

[@MForMaharana]

Ans, D, None of the above

[@astitvasingh6759]

Please make the next part

[@BABUBhaiyashorts09]

Kya aap ess trha ka hi ek video mutual fund and stock pe ohne wale income par kase tax lagta hai please make video on this topic in simple language please sir And aap ka question ka ans hai exemption me aayega .

[@sushildhayalkar1656]

Les sir make more videos on this topic

[@kpradeepkumar4462]

Nice sir.. Sir more videos on Income Tax..

[@facticalshock6458]

Part 3 please

[@sidstock13]

Very informative... thanks for the video 👍