Income Tax Slabs, Tax Rates & Calculation for 2021-22 | Old vs New

[@AssetYogi]

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[@amitkboora]

if I am doubted for any financial activity i just go through your videos "only" Simple and straight information Thankyou

[@AssetYogi]

Keep learning :)

[@ravidutt7671]

Very well explain, sir thank u

[@md_aquil-p2i]

Yes I al think only Hindi KZbin channel on personal finance

[@ads7506]

One of the simplest and best videos so far on new tax slabs. Hats off to you sir.

[@AssetYogi]

Glad it was helpful!

[@Saurabh.P]

The is the best video I saw till now on Budget 2020. I was exactly looking for such kind of calculations and yours is the only video. Sharing it with everyone. Thank you.

[@AssetYogi]

Thankyou Saurabh :)

[@shababkhan2931]

Is Channel par sare video mast aate hain

[@shibooster]

You are too good Sir 👍 Most of the KZbin videos just explain the differences but never gave a single answer. But you have explained very well and also provided the answer which one would suit whom. Thanks for sharing your knowledge 🙏

[@AssetYogi]

Thanks for appreciation, keep learning Sivakumar 😊

[@bhupendrasingh9348]

सर आपका ये ज्ञान बहुत ही शानदार है जो आप लोगो को बांट रहे हैं। यदि कोई बेरोजगार आदमी स्टॉक मार्केट में इन्वेस्ट करता है और उसे एक वित्त वर्ष में 2 लाख से कम का प्रॉफिट होता है तो क्या उसे टैक्स देना होगा? अगर नहीं देना होगा तो क्या उसे इनकम टैक्स फाइल जमा करवानी पड़ेगी?

[@AssetYogi]

Long term me 1 lakh ke upar falt 10% interest lagta hai

[@bhupendrasingh9348]

@@AssetYogi or short term par???

[@RahulVerma-pj2ej]

You are really too good sir Nothing is better than simplicity in this world 🌍

[@AssetYogi]

Thank you so much 😀

[@shubhamhupare4267]

This is one of the nit and clean video which explains new vs old tax regime. Thanks for sharing this AssetYogi :)

[@AssetYogi]

Keep learning Shubham 😊

[@hamnahwatimohamad1811]

@@AssetYogi zkkzkzo

[@subhrajeetdatta9674]

@assetyogi : You have said @10:41, that in the case of a person with "Very High Deductions", HRA exemption of 360000 for Rent paid @ 30000 per month. But HRA exemption is not given directly on the basis of Rent paid. It is an exemption based on calculation of 3 conditions and out of the 3 conditions, the lowest amount is given as HRA exemption. HRA is mainly determined by your salary. As per the income tax rules, the tax-exempt part of the HRA (House Rent Allowance) is the minimum of the following amounts: 1. Actual HRA component of salary 2. 50% of basic salary if he/she resides in Delhi, Chennai, Kolkata, or Mumbai; 40% if his/ her residence is in any other city 3. Actual rent paid less 10% of basic salary So please update the video and the information you are providing. It may mislead the viewers.

[@biswajitpayra8242]

It is the best and most helpful video I have watched regarding the new tax rule. Every other channel was just discussing the tax slab but you know the need of people better than most of your peer! Thanks alot

[@AssetYogi]

I hope this will be helpful Biswajit :)

[@Katchutravels]

Very crisp and clear with the example that for higher salaries and high deductions the older one is far better. Thanks Mukul :-)

[@finchow4735]

Mukul Sir, this is an excellent video. I was planning to file ITR and found this very useful. I would like to add that along with 1.5 lac for 80c, we can claim a deduction for additional 50k atleast for nps+10% basic based on corporate plan.

[@bharathind1489]

Under 80(Ccd-1b) nps contribution can be claim.

[@kailashbhardwaj9324]

Sir your analysis is far better and gives better understanding of any topic... 🙏

[@AssetYogi]

Thanks for appreciation Kailash :)

[@shpatel7627]

Aise Breakeven point kaun dega AsseYogi ke alaawa..Video Simplicity is your strength AssetYogi ji.. 👌👌👌

[@AssetYogi]

Thanks for appreciation Shreyash :)

[@MathematicsHopes]

Meaningful explanation except one thing. Calculation of HRA exemption is bit complicated and one has to pay very high rent (more than 30k per month) to get exemption of 3.6 lacs which u have taken in ur calculation. Actually it depends on Basic, HRA, and actual rent paid in a year.

[@sandeshprasad1943]

Hats off, superb explanation, best among all videos seen so far on this topic, thanks Mukul.

[@AssetYogi]

I hope this will be useful Sandesh :)

[@subratmishra6468]

U r always a step ahead to make people understand the basics..👍👍

[@kiritkumardaiya9501]

Nicely explained both the provisions of I. T. rate structure. Now, we can easily differentiate as to which one is beneficial. Thank you, Sir.

[@debajyotibasak]

Aap mahan hai. Thank you for such an informative video

[@AssetYogi]

Hope it helps :)

[@SubhadipDutta]

A great video to clear all my doubts about selecting old or new tax regime! Thanks sir, and keep teaching us like that!

[@AssetYogi]

Sure, keep learning 😊

[@RajendraPrasadKasera-y5u]

बेहतरीन विडिओ ओल्ड और न्यू रेट समझने में आसान

[@AssetYogi]

Dhanyawad Rajendra ji 😊

[@tarsemsingh8977]

Undoubtedly, a comprehensive and well explained video, useful even for a common man, Thank you, Please, explain for senior citizen pensioners also

[@shadabsyed9162]

Sir I am very much impress with your explanation Superb talented

[@AssetYogi]

Thanks a lot

[@manishranjan577]

You analysis is perfect ,clear and in well timed.

[@AssetYogi]

Thanks Manish :)

[@kshitijmali8912]

Well informed , right info , creates video at right time , with right content , never heard any bakwas , great job Thank you

[@AssetYogi]

Thanks for appreciation 😊

[@Rohittiwari14]

We pay tax, but what about Social security and safety? We are nowhere..

[@prachi_chiii5296]

Very useful information....and main thing the way you have explained is best❤️❤️

[@AssetYogi]

Glad you liked it

[@anuragchandra9950]

It just made whole lot of stuffs easier to understand!! धन्यवाद आपका!

[@ThePradip12345]

You are best on KZbin, very clear and simple. Thank you very much

[@PraveenKumar-sk4uh]

I think the scenarios should have been different. For salaried people old tax regime is good. You will have hra, standard deduction, conveyance and food coupon. Also you have not specified whether HRA is for metro city or for non metro. Another point miss in this video is whether you can switch between old tax regime and new tax regime.. After a financial year.. So there are lot of points that have been left unanswered

[@MohsinKhan-rv7jj]

God-Level Explanation.... Very impressive ... All my doubts are cleared

[@AssetYogi]

Excellent

[@thelightninggamer644]

if someone has 90 lakh income howmuch highest he has to pay tax

[@swapnajit92]

Can't be better than this..thank you

[@AssetYogi]

Thanks for appreciation Swapnajit :)

[@phadataresachin1]

Nice explanation. Kis ke liye kaun sa structure ascha hai wo thumb rule se hi clear hota hai.

[@AssetYogi]

I hope it helps Sachin :)

[@phadataresachin1]

@@AssetYogi Yes definitely. Thank u very much.

[@mayankyadav7]

very good approach is break even point. make life easier.

[@AssetYogi]

Keep supporting Mayank :)

[@saurabhwww100]

Hats off to your hard work 👍 This is height of explanation

[@AssetYogi]

Thank you so much 😀

[@NaveenKumar-dl2ez]

That's what I needed. A neat and clean explanation. Thank you. :)

[@AssetYogi]

Keep learning Naveen 😊

[@pratimarajivsingh4721]

U ub

[@shorthandbyalok]

सटीक सुस्पष्ट जानकारी। हार्दिक धन्यवाद🙏🙏

[@AssetYogi]

Thanks Alok

[@vikramadityayadav4]

नये टैक्स पद्धति का उद्देश्य जनता को कुछ देना नहीं बल्कि उससे लेना ही है। कोई कुछ मांगे नहीं बल्कि नये पुराने में उलझ कर रह जाये।

[@sweetankitca]

Wrost govt since indepedence

[@ANSHUSINGH-ft9pv]

Correct

[@moizurrahman354]

@@sweetankitca 1@

[@s....982]

Yes , Maine dono se fill kiya , old me 14 k refund dikhaya but new me 4 k refund dikhya , gov v chor ho gai he ,

[@jagrativlogs5882]

Correct

[@jagrativerma2117]

Nice Explanation but the video which was more beneficial for me was by CAAJ CA arihant jain on income tax calculation FY 2019-20

[@Naveennci]

Government just want to make hell lot of complicated

[@vishalmittal1840]

Bhai saab aapne mera bahut homework kam kar diya. Thank you very much.

[@aaravmishra2481]

Thanks for the detailed explanation :) So it's just the old wine in a new bottle..

[@AssetYogi]

Thankyou 😊

[@contactarshad]

This is best video to explain the new tax structure and help in deciding what to choose.

[@AssetYogi]

Keep supporting Arshad :)

[@suryakantdixit9584]

that was a much needed explaination at this point of time .. thankyou .. :)

[@AssetYogi]

I hope it helps Suryakant :)

[@rajsonune5539]

Thank you very much for explaining this in simple language

[@AssetYogi]

Glad you liked it

[@prashantmishra2772]

Great explanation. Made it look so simple. Yogi ji, can you make a video on education loan, whether you should opt for moratorium period or not even if you have got a job As people say it's better to opt for moratorium as till that time it's SI and then pay after moratorium, a bigger amount (let's say 2-3 lacs on a loan of 15 lacs) to decrease the Principal significantly. Please help

[@kamalcoeb]

NPS contribution of 50K can also be considered in old tax calculation which can increase difference a bit more.

[@rupesshgurav4280]

Petrol, Telephone, LTA & Food Coupons are exempt under new tax slabs? Or they are also taxable?

[@charanjitkaur2710]

कया पैंशनर करमचारी हर साल new or old कोइ भी tax slab चुन सकते या एक बार जो choose कर ली आगे भी वही चलेगी सर बाकि थैंकस आपने बहुत बड़िया विडियो बनाइ जी

[@ashokkhatri8577]

Good informative and easy to know all things which i want.

[@srinivassrao8635]

Sir your video has been of great help in understanding and the way you explain is very much appreciated

[@blog4autolovers272]

Sir , i have 2 queries regarding Tax filling : 1) Can salaried employees working in private companies can choose every year in b/w new vs old tax slab ( ITR Filling) . Or we change change only once like for eg if i file ITR with respect to new slab this time ,can i change to old tax slab next year and in 22-23 again old tax slab. 2) HRA component : For rebate HRA component ( depositing 10k to my fathers account every month ) while living with parent does that property/House should on the name of my father only or it can be name of my mother also.

[@priyasharma4919]

Please clarify on these point sir 🙏

[@vkkulkarni8288]

You can change every year if required.

[@artiesh]

Please make a video on 80c removed in tax saving life insurance plan please...

[@kewalchandjain4931]

Sir, Kindly clarify whether one can avail 80 C benefits as well as one lakh exemption for Long Term capital gains on EQUITY.

[@roopeshkumarayyangar9348]

Thank you very much sir... Kitha easy Se samzayaa apne

[@AssetYogi]

Thanks Rupesh.

[@arunkumargangwar60]

Thanks sir, bahut acha kam kr rahe ap Sir different sections me maximum deduction claim krne ki limit pr Ik video bana denge to sab clear ho Jayega

[@sushant_atri]

Yes mukul sir. Please. CGHS, Govt. Contribution in NPS etc. In sabka kya hoga? Kya nps me govt contribution bhi add ho jayegi gross salary me new tax slab m? Ye sare masle samjha dijiye sir

[@nootanstudies1120]

mere videos me mil jayega aapko

[@ashutoshchatterjee7423]

Perfect explanation for a new bee. Thanks.

[@AssetYogi]

Glad it was helpful!

[@anterpreetsingh5993]

Excellent demonstration 👍

[@AssetYogi]

Thankyou 😊

[@lokeshsingh8641]

Very clear concept and clear voice well explained

[@AssetYogi]

Thanks Lokesh

[@bidishade307]

This was so well explained!! Sharing with my friends :)

[@duckyguy1147]

Thanks ji aapne tooh mujhe tax crash course hi karva dia free me

[@mohdabdul4446]

Thanks for the explanation in a lucid manner. The sheet u shared is protected . Can u share the password to unprotect it or a new work sheet.

[@amritshah]

Please provide the password

[@saurabhchandraprasad]

I am following all your videos. All of them are very informative.

[@sanjayratnani644]

Amazingly explained, thanks

[@AssetYogi]

Thankyou Sanjay :)

[@rishabhsahu5257]

Thanks for helping us .!Wish you many success ahead!

[@ashutoshmadhwani2335]

this content is gold🔥

[@AssetYogi]

Thanks :)

[@surajitchakraborty3981]

Sir you are just owsome, mind blowing, i am speechless.. thank you so much.🙏🙏👏👏

[@AssetYogi]

I hope this will be useful :)

[@LakshayKachroo]

Thanks a lot Mukul. Quite insightful & easy to understand.

[@AssetYogi]

My pleasure

[@LakshayKachroo]

@@AssetYogi Also, I could use your excel sheet to conduct calculations on my income. It made an easy task for me to decide on the regime selection for this year. Kudos! 🙏🏻

[@parvejsolkar123]

Thank you so much sir. It was a great video. Shared with my friends and relatives. Keep posting such good videos 🙏🙏🙏

[@AssetYogi]

Hope it's helpful Parvej :)

[@AMITMISHRA-nw1nk]

धन्यवाद मुकुल भाई।सटीक जानकारी,अति उत्तम।

[@AssetYogi]

Dhanyawaad Amit :)

[@insaneviruss]

Thank you for explaining breake even points. Appreciate it! That makes decisions super clear

[@AssetYogi]

Glad it was helpful!

[@vatsalaprasad4220]

Sir in old rate you have not shown deduction of Rs50000 on interest and 50percent on donations 80G

[@yashaskb1]

Very well explained....cleared all my doubts.... Thank you sir...

[@AssetYogi]

Keep watching

[@wasiagha3066]

Do NRIs have to pay tax as per budget 2020 ? If yes, how much ? Could you please answer?

[@TRADINGCHARTNEWS758]

In income tax, tax is calculated on the basis of residential status and If NRI is non resident then he/she will pay only on indian income.

[@vedjuly80]

It was always puzzle for me... but it wasn't that complex... Thanks for your help

[@sanjaynarwani1588]

Sir there is one issue..while we are entering Gross Income and deduct ion there is no change in Gain/loss row..can u upload fully automatic sheet for difference calculation..

[@TravelIndiaSolo]

Calculator not working properly for the final calculations.

[@8880444270]

Clear & Complete clarity. Thank you

[@AssetYogi]

You're most welcome

[@dataknowledge6063]

Assets yogi jindabaad💪

[@AssetYogi]

Thankyou for support Sahil :)

[@nadalaspirant5872]

Asset Yogi Can we switch b/w old and new every year? like 20-21 I want to be in new slabs, 21-22 I want to change to old.

[@catchsantanudeb]

@@nadalaspirant5872 yes if you are a salaried employee. Yogiji, correct me if I am wrong..

[@subhrajeetdatta9674]

@@catchsantanudeb you are wrong Mr. Santanu Deb. It is a one time exercise. Once you exercise to be in a Tax Structure, you have to stick into it. You cannot switch. Pls be aware of that. @Asset Yogi pls confirm the same, and correct me if I am wrong.

[@cognotes860]

Video pasand aaya, Video quality aachi hai.

[@AssetYogi]

Thanks

[@shripadmungi7430]

This information is insufficient. You haven't talk about NPS self (50K) and NPS from salary (10% of basics)

[@SHUBHAMKumar-qd1pi]

Pls elaborate on the above

[@amanbatra7494]

@@SHUBHAMKumar-qd1pi i would also like to know if i make investment in NPS for 50K how will it impact in different options you have explained.

[@a.yashwanth]

what is nps self 50k?

[@shaileshkolge7801]

Superb video very helpful and simple to understand

[@shanayatanwar1-f223]

couldn't understand your calculation for cases C and D - How did you arrive at a figure of 195000 as per new tax structure

[@KawarpreetSingh15]

Because new tax structure will not allow any deductions so the whole 15 Lakh will be considered for income tax.

[@brocklesnar1605]

It should have been 187500🤔

[@AmitKumar-fp7ji]

@@brocklesnar1605 + 4% E. Cess

[@brocklesnar1605]

@@AmitKumar-fp7ji 👍👍

[@jagritikatiyar7428]

New tax structure me ek b deductions nai Kar sakte isliye taxable income hamesha fix hai har case me

[@suraj1707]

Breaking points are perfect. Good Learning

[@AssetYogi]

Thanks Suraj 😊

[@tinkuee]

Har Koi Nai tax slab per lecture Baat Raha hai, par koi bhi NPS 80CCD(2)( employee own share) ki baat nahin kar raha hai ki vah deduction Mein new regime Mein Hai Ki Nahin

[@CAVAIBHAVPATEL]

Yes 80CCD(2) ka deduction new regime me milega.

[@vijaymilan8091]

Very informative video... Great work.. very helpful. One question in new regime, NPS deduction can be claimed?

[@ashutoshupadhyay4015]

Extremely helpful. Thanks mukul ji

[@AssetYogi]

Keep learning :)

[@ashutoshupadhyay4015]

@@AssetYogi On march 1, 2020, I had zero knowledge of stock market. I religiously followed your master investor series and financial ratios. Till now I had earned 44k. Your effort in imparting financial literacy to people is very commendable. Keep doing this. Great work 👍👏

[@natekar]

This is very simple. As you get more than 15 lakhs you will get benefit. This is done to help richer than 15 lakhs. It could have done directly in old method. This is made to simply confuse and people should not know that tax is less if you become richer than 15 lakhs.

[@sumitr2409]

Excellent sir. This vdo is so so helpful and easy to understand.

[@surajnu]

Thanku so much for making me understand the new tax slab. 😊

[@AssetYogi]

Happy to help

[@ramlinghargude4466]

wonderful Presentation CA Professionals

[@AssetYogi]

Hope it's helpful :)

[@sunildangi1228]

First time these things clear to me...Thanks alot

[@jatin502]

Nice one. I like the way you explain very easily the difference between old and new structure. Thanks 😊

[@AssetYogi]

My pleasure 😊

[@mukeshpatni3627]

Sir app bhut knowledgeable ho finance sector m app ne Kya Kiya hai sir

[@AssetYogi]

Keep learning Mukesh :)

[@adityab10]

Sir I wud suggest u to publish a book on financial game changers for layman...U have an immense knowledge and way u express things flushes out all confusion..Best vdo mukul Sir.

[@sdnarain5364]

In New tax What kind of tax deduction allowed 1. Standard deduction 2. House rent 3. Home loans A. Interest B. Principle amount 4. Pension scheme 5. Fixed deposit 6. Other investments 5 years locked amount Any other head ?

[@ManishPatel90]

Asset Yogi ji - Loved the way you explained. Thanks for all clarifications.

[@AssetYogi]

Keep supporting :)

[@sarwar22bn]

Good. U r the only youtuber whom i have subscribed.Liked

[@devaryan2010]

GREAT CLEARITY SIR VERY INFORMATIVE VIDEO

[@AssetYogi]

Keep watching

[@devinderkumarjain178]

Explained very excellently

[@AssetYogi]

Thank you 🙂

[@gurindermanu]

Excellent explanation.

[@AssetYogi]

Thanks 😊

[@binitkumarsingh8409]

wow sir u nailed it..u worked so hard to make this video..thanks a lot sir

[@AssetYogi]

Thanks for appreciation :)

[@ratneshtripathi8461]

बहुत कॉम्प्लिकेटेड कर दिया आपनें अंकल