How to provide tax declaration in your company and select tax regime | Thinking Tamizha

[@karuppasamypandian5226]

Thank you so much for all your videos I got best understanding about tax and all things by seeing your videos Earlier I had no knowledge about it

[@Ruban3499]

Bro, need to know about Leave Travel Allowance(LTA). How it works and how to claim?

[@princess1102]

Exact timing! I received the mail from my company yesterday only

[@prlmurali]

Great info. Thank you. Please put a video on tax return filing if possible for salaried with stock holding which will benefit for many.

[@karthikeyan3812]

Hi bro. I watched your video on difference between old regime and new regime. It is so helpful. Being a fresher in tax paying your videos are very useful. If possible please put a video on how to file income tax returns for FY 2022-2023

[@venkatakrishnan8653]

Fine.Really explained well with spoon feeding. Thanks for your service

[@Sathish_Kumar_S]

Very useful video at right time 👍

[@thilagavathi.v5704]

Hi bro, video romba helpful ah eruku. I've a doubt. Na investment declaration pannum podhu 1,30,000 ppf nu submit panniten. But epo enaku ppf poda interest ila enaku NSC or 5Yrs FD podanum nu interest eruku. So na enaku pudicha maathiri maathi invest pannalama? Jan la Proof submit pannum podhu namma declare panna amount match aaganum adhu dhana important? Or else ppf dha podanuma? Please help me bro

[@dtube123]

Your video is awesome and very useful

[@shanmugamd2162]

Very nice explanation, keep it up😅

[@sujathar4644]

Bro perquisite taxable and non taxable explain panuga video upload panuga

[@Muthukumar-cn2dx]

@THINKING TAMIZHA NPS Tier 1 (employer contribution) deduction allowed in new tax regime..?

[@samratvasudevan5227]

Great one.

[@dhamodaran539]

Put a video for gst registered person how to fill IT

[@balajiTiger96]

Financial year 2022- 2023 income tax file panra video onnu podunga sir for less than 700000 total income ku

[@ranjithn1177]

Bro in my office I selected new tax regime, my salary is less than 7lp, my question is Herr itself I don't want to submit any proof to my office right? I also have to file income tax in govt site right? When I have to file income tax?

[@ramamoorthysarangapani7258]

I am a super senior citizen having net taxable income exceeds Rs 5lacs pension plus for fy 22-23 including other income. I have to pay tax only for the amount exceeding Rs5 lacs ? Or to pay addl amount of Rs Rs12500 from 2.5 to 5lacs? There are different version pl clarify namaste

[@prasanthr5507]

Bro 23 -24 Old tax rs. 45000 New tax. 37000 Company la old tax amount deduction panithanga Next year 24 la itr filing pannu podu change pannalama? Change panna amount return varuma?

[@kathireshpvm5855]

Bro,For my health insurance I paid premium on 2nd April Renewal date 14th April and submitted the documents in my company for approval. They rejected and said that, the payment are made in current financial using current year income are eligible to avail tax benefit.Its a correct one,pls help me out on this.

[@vetri8570]

Bro tax regime every year choose panikalam thana.... Ila once choose panita change pana mudiyatha?

[@Thirumurugan_P_3_11]

Every year choose panikalam. Choose panuna regime also change panikalam IT file pandrapo.

[@vijay-qq4ru]

Bro, I have one doubt regarding HRA, I'm working in Chennai area. My relatives home located in other city. Can i submit the proof of rental receipt using my relatives PAN? Is that mandatory of the bank transaction for paying rent?. Or rental agreement is enough?.. Please suggest me. Thanks in advance..

[@vskytube]

ITR eppo pannanum for apr 23 - mat 24 ?

[@rajansolai]

Need calculation and clear understanding video on these topics 1. Leave balance encashment during job. (Exemption Under Section 89 and need to fill form 10E). 2. Leave balance encashment during resignation or retirement. (Exemption Under section 10(10AA)(ii)). 3. Professional tax deducted from two employers (2500 + 2500). Only 2500 will be deducted upfront in form 16 by current employer. Another 2500 of old employer shall be shown for deduction during e-filing. (Deduction under section 16(iii)).

[@aarthiraju8574]

Fantastic as always.. Keep going and empowering us🎉

[@thinkingtamizha007]

Thank you!!

[@_dineshrajan]

Bro One man told me that of we goes to new regime then we'll not able to comeback to old regime.. if we go new tax regime in Specified FY, whether we able to comeback to old regime in next FY??

[@janani5480]

Yes u can opt for old regime but can't opt for new regime again .. u have to continue with old regime only

[@Thirumurugan_P_3_11]

Very good and clear explanation 🤝👌👌👌👌👌 Last year I don't have any idea about tax. Your video only helped me to understand everything ..thanks a lot for your great explanation... I have one doubt..last year April 2022 after cutoff date than tax declaration panunan...so antha one month matum tax pidichanga..then ethum pidikala..becz my tax is zero for the FY 2022-2023..proof also submit panitan.ellam approval ayiduchu.. antha one month deduct panuna amount form 16 vanthathum atha vechu IT file pandrapo refund ayiduma na?????

[@thinkingtamizha007]

Ideally it wd have been adjusted from next month. Apdi illana you can claim refund when you file returns.

[@Thirumurugan_P_3_11]

@@thinkingtamizha007 ok anna. Thank you

[@venud1800]

Please make video on LTA

[@thinkingtamizha007]

Ok. We ll do in future.

[@karthikeyan878]

Is it possible to change tax regime choice in between financial year?

[@Thirumurugan_P_3_11]

Inbetween we can't. Once filing the ITR we can change

[@manikandanm2689]

If i choose 23-24 for new , can i change to old regime in 24-25

[@hemapriya5806]

Bro new tax regime kuduthu iruntha dec month Ena proof submit pannanum???

[@Thirumurugan_P_3_11]

Hi, Entha proof um submit panna thevai ila sister. Becz we have only standard deduction 50k.

[@vaishnavisunder1346]

Useful

[@rizwana2984]

Bro doubt Company TDS pidicha aparam Year end laa ITR namma file pannanuma illa company file pannikuma ?

[@thinkingtamizha007]

We have to file

[@nitheeshg6495]

Tq. 1. Bro one doubt intha year new tax regime la tax 0. Old tax regime la tax katuthu. Appo this year new select pannitu nxt year old selet pannikulama illa next year change ea panna mudiyatha. 2. Also ippo na intha year ku declare pannita. Suppose intha FY mid la vera eathavathu loan vanguna athulam intha year la katalama(But na already declare pannita) illa nxt FY la tha kata mudiyuma? Thank you.

[@pspsps1467]

Answer 1. Ipo regime select panrathu inthe financial year ku mattum tha, next year marupadiyum select panna kekum, apo old or new regime select pannikalam 2. Income tax return (ITR) le kaati tax refund vaangikalam, ithu financial year mudinchu april to july vara Income tax portal open aagum. Only home loan applicable for tax exemption.

[@nitheeshg6495]

@@pspsps1467 Thank you.

[@balanagendran]

Once you opted for the New Tax regime, you can't choose the old tax regime again.

[@nitheeshg6495]

@@balanagendran no bro. I think we can change nxt year if ur salaried people

[@salpilo]

is standard deduction applicable in new tax regime below 15L also?

[@Thirumurugan_P_3_11]

Yes. If you select new tax regime, 50k standard deduction will applicable. It doesn't depends on your salary.

[@Karthik1995]

Can we change House owner PAN different from declaration to Actual proof submission time?

[@thinkingtamizha007]

House owner pan is required only during proof submission. Not during declaration

[@randamumjolymum5547]

Bro, no in our company, PAN is mandatory when you declare HRA

[@thinkingtamizha007]

Then its a matter of company policy..

[@jairam.ajairam.a8083]

Tax calculated based on CTC or annual total base salary?

[@thinkingtamizha007]

Total income.. ctc concept varies company to company

[@dp8574]

​@@thinkingtamizha007 total income means gross + allowance??

[@Sathish_Kumar_S]

Hi bro, Let's say for example if a person's TTC is 14lpa, in this 2 lakhs is variable pay and 12 lakhs is fixed pay. So is he need to delcare tax investments only for fixed pay - 12 lpa or including variable pay - 14 lpa ??

[@thinkingtamizha007]

Is 2L variable pay maximum or qvg variable pay?

[@Sathish_Kumar_S]

@@thinkingtamizha007 2 lakh is the maximum and it's paid as a performance bonus in annual basis.

[@thinkingtamizha007]

Then it is a judgement call, if you are 100% sure of earning 2L variable pay, keep 12+2 for calculation. if you want to be conservative, keep 12+1L on avg.

[@Sathish_Kumar_S]

@@thinkingtamizha007 Great, Thanks for the clarification 😊 BTW. keep doing your great work, its very fruitful to the society, Good Job 👏