Old Tax vs New Tax Regime (FY 2023-24):Which one would you choose? Let's understand with an example

Applicable for FY 2023-24.

[@testing12521]

2 लाख इंटरेस्ट जाणे के लिये काम से कम 30 लाख का होम लोन लेना पडेगा उसका टेन्शन अलग से 😂😂 न्यू टॅक्स रजिमे जिंदाबाद 😂

[@M_Rock121]

20 k bachane ke liye 5 lakh ka investment krwa diye. For boloki old achha hai... 😂😂

[@missanynomous2892]

old is better always ... don't twist with new..

[@nitishdev6592]

No one can claim all category limit i.e. 5 lakh deduction. simple choose new tax regime if you are 30% tab slab and deduction is less than 4 lac.

[@EnggMak]

Instead i would go with new regime and invest in mutual funds for better returns 😂

[@shubhamkushwaha6411]

wo investment aapka hi rahega sir ji . 😊

[@shubhamkushwaha6411]

​@@EnggMakheard of tax saving ELSS mutual funds?

[@maharaj011]

Still there is not much difference...around 2k per month but if we choose the old regime then it's sound compulsion for home loan and electric vehicle...it's better to choose new regime to get rid of documents hassle which we need to submit in end of the year... Actually government are trying to vanish the old regime because of tax evasion

[@Freak512]

Agree with you for me difference is 1200-1300 rs vs old regime . Which is worth to pay to get rid of documents hasle . So guys it totally depends upon how much deduction benefit you can squeeze from old regime to reduce your taxable income if the margin is big then go with old regime

[@bains.bharat-1973]

Kuttey ke punch tadi hi rahigi, chahey kahin say pakadlo, govt ko khud dena hoga to mahine nikal jayege, lakin lana ho to, 🤔😖☹️

[@Dreamykids1]

If there is no housing loan dont even go for old. And buying a house is one of the worst investment in metro cities.

[@vikramrahulsingh]

He has not shown any allowances and HRA. HRA can be many times of your home loan benefit.

[@rameshkanwar9425]

​@@Freak512llllo।

[@rawatsirg7433]

होम-लोन ब्याज भरने का ,1,76,427 बन रहा है भरने पर ,यह केवल 50,000 ही काट रहे हैं यह क्या हो रहा है 😢😢

[@sanbabba]

FINAL TAX: 2,62,500 Deduct another 1,50,000 For NPS Tier - I (Max 7.5 LPA, 10% of Basic) Certification / Books - 1,20,000 Food coupon : 38,000 Circular - 24000 Internet - 36,000 Petrol bill - 36,000 Driver Salary - 60,000 Net Salary = ~15,00,000

[@abhinandanmaurya47]

What you do ..through which u having this much expense

[@satyendrakumarsharma3513]

Pankaj sir, along with all these investments from what level of salary does the New Regime start getting better than the old?

[@421prateek]

above 12 lakh taxable amount

[@prashanttelasi9862]

Sir ji 🙏, Yadi koi vyakti 75% divyang ho, 39000 ka Conveyance allowance for pwd bhi mil raha ho, aur koi home loan na ho tab... Tab bataiye ki kitna income tax banega...???

[@balwansinghyadav9864]

Home loan sab k pass nahi hota

[@MukeshGupta259]

Sahi baat bhai uper se 2 lac agar interst hai to per month emi 35K se uper aayegi

[@iamamaresh]

home loan me itna focus why? . sab nehi lete

[@Jay_1509]

Sabko home loan Lena chahiye, isilye to ye clause dala hai😂

[@bains.bharat-1973]

​@@Jay_1509home loan lagney kaisey, No home, no loan, 💫🤔😖

[@subrahmanyeswaraswamymurala]

It's a middle class trap, and no rules in real estate.

[@parth45472]

Jo government employees hain woh q apna health insurance alag se karwayga jabki usko puro medical benefits milega company se

[@ApulicaOfficial]

pvt ko bhi milta hai

[@Sethi858]

still some thing missed in old regime, any one can get hra deduction of 1.5 to 2 Lac also any one can get some petrol/food reimbursement of upto 70-80k

[@pankajmathpal]

@@Sethi858 the tax payer is living in his own house and claiming deduction of Rs. 2 lakh against interest payment on home loan. No rent payment, no HRA deduction. Conveyance allowance is no more applicable as it has been subjumed in standard deduction.

[@PS-he8br]

Agr 14 lakh income h or 6 lakh chhor k baki ka pura 8 lakh investment kr diya, to tax kitna lagega?

[@sumitchaudhary343]

80 c aur nps ke 2lac rs agar shares me dale to 3 years me 7 se 8 guna ho jaenge . Jb ki elss me sirf 1.5 times return milega

[@surajtomar750]

sapne me😂

[@sanjayshimpi1026]

3 years main 700 % koun de Raha bhau

[@plchauhan-bm9xj]

जिसका इंवेस्ट कम है उसके लिए New Regime Best है l

[@hypertheorytech2578]

bank aur company Wale agr tds na Kate toh hi new tax regime sahi rahega warna old hi sahi hai

[@shubhamkothawade1715]

Mera agreement 24 Feb ko huha hai . Kitne din bad TDS fill Krna hota hai or kitne days ki bad late charges lagata hai

[@shubhamagrahari3110]

Home loan pr hi milta kya deduction yaa personal loan pr bhi?

[@ramv9615]

Kitna tax pay karna hai.. Hai tho interesting. Lekin how much money in hand.. As per both regime??

[@pp-bq6pu]

Kya mazak hai old tax me aur bachat karne ke liye crtical ilness bhi karwa lu kya.??

[@redwoodassociates697]

जिन्हे Home rent और लोन का झंझट है old regime उनके लिए बेस्ट है

[@hanism9737]

Maximum deduction kitna krwa skte h , I think it should not greater then 1.5lakh

[@surajmahabdi528]

80C ka 150000 ka limit h baki sab ka alag se deduction h

[@AbhiRaj-zg1np]

Itna jyda jab premium de hi diye to bacha kya haath me g😅

[@englishclassbyshekharsir3493]

Wow thanks

[@ameenmaheen]

Hi Sir, what if I have only 80c and insurance. Which will you suggest ?

[@pankajmathpal]

Mostly new tax regime will be more suitable for you but I suggest you compare both regimes side by side based on your taxable income and then take the decision accordingly.

[@faiyazahmad-ho2xc]

Hra, lta, bhi add Karo,

[@basantimalakar138]

Can one show home loan in addition to house rent deduction or you can show only one?

[@user-yf4us9pr2k]

You can use both,there is no doubt about that

[@millindkumar6342]

Nice video

[@ManishKumar-up5yi]

Sab kuch manke aur pakad k chalna padega bhai old tax regime mein

[@way-ht1yu]

Does it mean, employeer will deduct 50k frm the annual salary under standard deductions. Pls clarify.

[@pankajmathpal]

No. Employer will not deduct Rs. 50,000 from your salary. Deduction in this context means that the tax will be calculated only on the balance amount after Rs. 50,000. For example, if you get a salary of Rs. 10,00,000 then tax will be calculated only on 9,50,000. It will help reducing your tax liability.

[@rajindersingh2806]

अगर सारी deductions हों तभी फायदा है🌹 वर्ना home loan और medical insurance कौन करता है😅

[@Fit_astrologer]

My company gave me 10k per month for 4 years now I am returning that money with interest, 5.8lakhs can I deduct this amount from my anual income?

[@KrishnaAgarwal-wr3bm]

no

[@faiyazahmad-ho2xc]

This short video is incomplete. He has leaft HRA deduction

[@santoshed]

He has considered a home loan. You can replace that with HRA if you are living on rent.

[@subhrajitmech]

Nice🎉

[@biswajitghorai8452]

Sir main apse personal baat kar sakta huun sir

[@swetasharma9510]

My yearly gross income is 10 lakh something' am a disable person .. pls suggest me tax regime old or new

[@VinodKumar-hz2mr]

New

[@mandeepsinghsandhu787]

800935 annual income... N new tax regime k according 2780 tax bn rha h har month tds... Is it better to choose old regime??

[@midnightsbillboard]

not much difference

[@vikramjitchadda5498]

This isn't as true as one thinks

[@SharathLal]

If u don't want to spend on investment

[@maharaj011]

Go for new regime

[@RjsGaming11]

kya hai ye😂😂😂 new tax regime mai tax Kam lagte hai or tax slabs hai upto 2.5 lakh no tax 5 lakhs main 5% tax or 5 se 10 main 20% tax so aise hi hasab hoga 19 lakhs main se 2.5 lakh ka tax nehi lagega uske bad 5% fir 20% eise jab tax Dena padega to tax bahut kam ayega

[@youtubeuser73]

how much deduction if I am living in rented house ?

[@pankajmathpal]

Are you salaried or a self employed? What is your basic salary? What is the HRA you get? How much rent do you pay? If you answer these questions then I'll be able to answer your question.

[@youtubeuser73]

@@pankajmathpal salaried. basic 10,40,000 HRA 5,20,000 Rent - how much should I declare, ? I will transfer amount to mother's account.

[@hardik6647]

I m living in govt quarter and not getting HRA so can i get any benefit in income tax wrt rent??

[@allcricketfun8279]

No

[@Me_Vasu]

aur ye sab investment me kara paisa jo gya ? isse acha wo paise ko equity me dalo aur profit pao

[@Rock30052]

Sir 6.38 Lakh Salary hai, without any investment? Kitna tax dena hoga?

[@livewithfun302]

Pf deduct hua hoga to deduction lelena Otherwise lic hoti hi wo deduction. Medical insurance hoga to wo otherwise 5000 ka preventive check up ka deduction lelena N 50k ka deduction milta hi h wo lelena 😉

[@avinashkaushal753]

No Tax.......Because 7.50 lakh tkk koi tax nhi hai

[@Rock30052]

@@avinashkaushal753 Kaise? Details me btao

[@avinashkaushal753]

@@Rock30052 kzbin.info/www/bejne/Y3rZo6GXn5WMmcU

[@jyotisingh-ct9zk]

Nps k 50000 add krke 8 lakh tk tax free nhi h?

[@ashishkandola1861]

But sir apne 80C ( pf) and 80ccd dono claim krdiye, with 2 lakh Both can be claimed but kunt limit is 1 lakh only

[@pankajmathpal]

Limit u/s 80C Rs. 1.50 lakh and the limit U/s 80 CCD (1b) is Rs. 50,000. That's why the total is Rs. 2 lakh.

[@ashishkandola1861]

@@pankajmathpal thank you sir👍Google created doubt when I searched it online, now cleared

[@thesacred9083]

Galat information dia hai. New tax regime me Std. deduction, Nps employer contribution, official tour etc consider kia hi nahi. 😂

[@ers8601]

Ye sab invest krne vale.ko h Agar koi medical insurance nhi liya h ya fir apna Ghar h loan nhi h to kya krega NPS bhi itna sahi option nhi lgta

[@anmol_705]

To app 210000 tàk deduction le skte h agr app old regime me jate h nhi to new regime best h

[@sumeetprajapati1016]

25 lakh kamane wala aadmi 30k bacha ke kya he ukhad lega😂😂😂 new is simple new is best

[@anmol_705]

Best h new regime me jao kyu faltu ke notice ke chakkar me pado

[@SandeepKumar-ku2zx]

Brother you forget HRA deduction.

[@pankajmathpal]

@@SandeepKumar-ku2zx no I didn't forget it. In the example, the assessee is living in his own house and claiming deduction against interest payment on home loan.

[@pravindube8567]

Bhai agar tax chori karana he toh old tax regime.....sidhe sidhe bola kyunki jin section me bata rahe ho ushme pahle invest Kara do ya jhoot ki donation dikhao

[@vikramsharma2288]

Itni deduction hogii toh khaegaa kiyaa

[@sukhadashete6018]

Haven’t added exemptions

[@pankajmathpal]

Added what was relevant and important to explain in the 1 minute short video. Keep watching my long videos for detailed information.

[@Anandkumar-jf9ie]

New Tax regime me 80 CCD (2) ka minus hota h ki nhi ?

[@FaizanShaikh-pp1kg]

hota h

[@shubhamkushwaha6411]

Sir, my CTC is around 20L per year. I've to buy a house for myself. I have the full amount ( my savings+ parent's money ) . Can I buy it in cash or with Home Loan ? Please suggest. Thanks!!

[@pankajmathpal]

kzbin.info/www/bejne/mqCop5iYoLBsas0si=p-zQz4rajeSIVUoN

[@arunasriramulu5563]

As an experienced individual I would suggest never go for loans for saving tax !

[@sayyadabbas8687]

In current market situation I'd say keep liquid money with you Give 20-30% as downpayment this should help you negotiate better deal with builder if you are buying under-construction property Get a homeloan with favourable pre closure terms... give two emis instead of one every month... This will pay off your principal in early years of loan tenure.. If you follow all this the benefit is you'd have cash for uncertain times Use to invest elsewhere gold equity gov bonds etc. Bank will take up your risk of acquiring property and this way you will always have money in Bank and your property will be created with No stress as EMI will be much lower this way...and if you ever get big sum of money from somewhere dump it into homeloan try to close it within 5 years

[@Sita.Ram.laxman.ramayan]

Home loan interest is only 50000/- deductible

[@GoKuLfrom616]

No!

[@pujamirza5671]

Sir senior citizen medical insurance which section ???

[@pankajmathpal]

80D

[@worriorsamezingvedios7176]

Bina proof ka medical expenses 50 k dikha sakte hai kya ?

[@pankajmathpal]

Nahi.

[@adityasoni5162]

Not every time

[@ManojYadav-si5nq]

Kyu maan le jabardasti logo ko home loan or parents ko senior citizen banao ge

[@vishalsontakke1651]

Sir Forgot HRA😂😂

[@RKumar-qk2qx]

HRA he can save also

[@mukut5ul]

Hra also there

[@pankajmathpal]

@@mukut5ulin the illustration the tax payer is living in his own house and claiming deduction of Rs. 2 lakh towards interest payment on home loan. Not paying rent.

[@parvathy.r457]

Home loan and insurance humbuk

[@vikramrahulsingh]

Is chor government ko ek rupya na de 4lakh toh badi rakam hogayi

[@salaskarpratik3902]

House Rent ka bhul Gaye

[@xyzvideos288]

पकड़ते बहुत हो आप

[@bains.bharat-1973]

Aub godi ka pakad lo, no tax, 💫🤔😂🍷🍺

[@xyzvideos288]

😊means

[@sharadachowdappa6308]

Pl advise how income from other sources is added to total income

[@GoKuLfrom616]

What's your doubt pls elaborate it.

[@adityaupadhyay6813]

Sir jo employees ops me cover hai kya wo nps me only 50k invest krke above 80c 1.5 lakhs(gpf+si+children education fee.) 80ccd1b ke under 50k ki exemption claim kr skte hai

[@pankajmathpal]

Yes

[@adityaupadhyay6813]

@@pankajmathpal sir ek advisor (jo pension plan bechte hai Pvt.) Ne kha ki nps me 50 k additional exemption jb mile gi jb 80c ki 1.5 lakh ki limit nps se complete kre sir please reply

[@pankajmathpal]

@@adityaupadhyay6813 yes, you can claim deduction of Rs. 50,000 us 8CCD(1B) if you contribute in NPS in adtion to Rs. 1.50 lakh u/s 80C of IT act.

[@adityaupadhyay6813]

@@pankajmathpal sir it will affect my old pension scheme(ops)?

[@pankajmathpal]

@@adityaupadhyay6813 no

[@ruchivinayak8898]

Jinke pass home loan hai unke liye koun sa better hai

[@rinkalrana9901]

New tax regime

[@canj8]

HRA bhi to hoga Mota isme

[@yoyodude7624]

bhai yeh sab mat suno i am cfp i know finance like him you are giving 4.5 lakh investment for saving 30,000 tax just pay tax and invest 1 lakh in mutual funds easily you will get 12% also you will save 4 lakh that you invest every year means 32000 per month

[@evm6177]

😎👍👏👏 Very nice advise. That actually makes sense, Thanks alot bro.. Just pay the tax due as per old regime and invest the remaining. Simple formula! Also what to do for yearly 25000 Tax on Bank FD? ( i.e.10% on interest accrued annually)

[@surajshrivas5108]

CFP means

[@kishangupta2765]

😊

[@MarifeBelen-eq4nq]

loan ako

[@MarifeBelen-eq4nq]

Hingi ako pera

[@MarifeBelen-eq4nq]

5000

[@MarifeBelen-eq4nq]

musta

[@Rahulyadav-nq9zq]

Dubai Bala Sahi hai Baba tax nahi lgta Baja government aatmnirbhar hai

[@rampager1093]

Nps to 80c me aa jayega na

[@shivammishra-uv8br]

80ccd me ata hai aur 80c se extra 50k ki deduction claim kr skte hain

[@jyotisingh-ct9zk]

Parents k medical expenise kese show krenge?

[@anmol_705]

Online payment receipt hona chahiye

[@prasadvahadane]

Is it compulsory to take home loan 😂😂😂😂 ?

[@nileshbhilare1511]

Sab investment nahi kar sakte

[@PrestigiousDic]

Hra kaha h

[@pankajmathpal]

Home loan liya hai. Khud ke ghar me rahta hai. Rent pay nahin karta.

[@kvenkatesh6851]

What about HRA

[@Amreshwa]

House rent allowance....employer provides it to meet accommodation expenses. Or basically, it is a tactic to reduce tax 😂

[@justindrew8334]

And 2.5 lakh is tax free that u r not adding

[@pankajmathpal]

There is a difference between between Deduction, exemption and rebate. Rs. 2.50 lakh what you are referring is a basic threshold limit under old tax regime on which tax is not calculated. Under the new tax regime it is Rs. 3 lakh. The tax calculation is correct. Tax calculation is applicable in the slabs and the tax on 1st slab of 2.50 under old tax regime or 3 lakh in new tax regime is Nil for AY 2024-25 and AY 25-26.

[@harshpathak7915]

20 lakh k baad new hee lelo, km sir dardi

[@chetankadu715]

Salary monthly ya yearly confusion

[@TheViralDrops]

Yearly

[@kondalreddy5965]

HRA bhi add Karo,

[@pankajmathpal]

Khud ke ghar me rahta hai. HRA fully taxable hai. Income me jod diya hai.

[@reshuchoudhary1817]

Pati patni dono job m h Health policy pati k naam par h Uske rebate patni le sakti h k

[@pankajmathpal]

Jisne premium pay Kiya hai woi le sakta hai.

[@reshuchoudhary1817]

@@pankajmathpal cash payment Kiya tha

[@pankajmathpal]

@@reshuchoudhary1817 no tax benefit on cash payment of health insurance policy. Payment must be made by other than cash mode u/s 80D of income tax act.

[@anshtheindian7959]

Rent kahan gaya ???.

[@pankajmathpal]

सब को HRA नहीं मिलता और हर कोई किराए के मकान में नहीं रहता। 80 C, 80D, 80 CCD(1B) इत्यादि के तहत लिमिट तय है लेकिन HRA के लिए बहुत सारी कंडीशन हैं जो टैक्स पेयर के वेतन, निवास स्थान और किराए की राशि इत्यादि पर निर्भर करता है इसलिए सोशल मीडिया में वही उदहारण के तौर पर दिखाना सही रहता है जो अधिक से अधिक लोगो के लिए सही बैठता हो बाकी individual cases में मैं फीस लेकर मदद करता हूं।

[@sanjayshimpi1026]

Kiski salary hai baba 25lac 😂😂

[@Riyanshkumar.608]

Sir HRA bhi deduct kar do😃😃

[@pankajmathpal]

@Riyanshkumar, In the illustration the tax payer is living in his own house and claiming deduction of Rs. 2 lakh towards interest payment on home loan. Not paying rent.

[@tushargathade2380]

80% disabled person ke liye kuch h kya rules?

[@pankajmathpal]

Person with disability can claim deduction u/s 80U. If a depended is disabled then the tax payer can claim deduction u/s 80DD of income tax act.

[@gauravsachan6685]

Hra?

[@pankajmathpal]

I need following information to calculate HRA exemption Basic pay HRA Name of City where you stay ( metro/ non-metro) Rent paid during the financial year

[@shabiabbas8392]

Itni deduction kaun karta hai???

[@h1sokacodm]

Bhai jinki income hoti h achi figures me unhe deductions ki sardardi leni padti h for paying less tax

[@pankajmathpal]

Is hi liye 25 lakh ki salary ka example liya hai. Jinki salary achhi hoti hai wo hi itna deduction claim kar pate hain.

[@DavidDavid-dg1sj]

Saale Paise hi nhi kamayenge . Itna jhamela. Kuch smj mai hi nhi aata.. Mujhe ye tax -tux samajh ne mai math se jyada difficult log rha hai...

[@swarajyadav3486]

Pls put a video on, if salary is 18L PA ?

[@jayantakumarkar7911]

Are Google karlo fincalc-vlog ke calculator me😊

[@TheViralDrops]

Please tell your deductions , I will calculate and advice you

[@rishyraj1531]

Sir bba complete kerene ke baat 15000 salary bohot dukhuta hai yr...

[@pankajmathpal]

Where are you located?

[@shivamgaur912]

Ye toh bhut h bhai itna btech valo ko milta h aajkl😢

[@comedystatusvideos9161]

25 lakh income yearly 😲😳 Hum 2.5 se 3 lakh income walo ke liye batao sir 😂😂😅🤣🤣🤣😂

[@pankajmathpal]

आपको अपनी इनकम पर कोई इनकम टैक्स नहीं देना है।

[@umeshchandraverma6518]

Bas ITR file karni h

[@comedystatusvideos9161]

@@umeshchandraverma6518 sir jab tax liblity 0 hai to phir bhi ITR fill fill krni zaruri hai ???? Ya Nil ka form fill kr de ???

[@pankajmathpal]

@@comedystatusvideos9161 यदि कोई TDS नहीं कटा है और इनकम टॅक्स के दायरे में नहीं आती है तो ITR file करने की जरूरत नहीं है।

[@umeshchandraverma6518]

@@pankajmathpal Aapki income Rs. 2.6 lakh hai, jo ki income tax ke liye tax-exempt slab mein aata hai. Iska matlab hai ki aapko income tax bharna nahi padega. Lekin, yadi aapne kisi bhi taxable income source se income prapt ki hai, jaise ki fixed deposit ya savings account mein interest income, rental income, ya stock trading se capital gain, toh us income ke upar se aapko income tax bharna padega. Isliye, aap apni saari income ko lekar tax liability ko calculate kare aur agar aapki total taxable income Rs. 2.5 lakh se adhik hai, toh aapko income tax return file karna hoga.

[@suchandramukherjee6557]

NPS 80c under nehi hai?

[@pankajmathpal]

kzbin.info/www/bejne/goDKgnudnphrpNE

[@Amreshwa]

It comes 150000 limit

[@TheSuyish]

80ccd me aataa h 50000 ki extra chut h 150000 k alawaa nps me

[@Kamal-kh6ic]

Health insurance toh 80c m hi ni ajayega sir??

[@geetarajput6132]

Nhi 80 D m aayga

[@Amreshwa]

80D

[@himadribarman2878]

Ullu samjha kya??? Sabhi ne home loan legahi???? Medical expenses 75000 karega hi???? Hain na????

[@pankajmathpal]

नहीं - नहीं आपको तो बिलकुल भी नहीं । Owls symbolize inner wisdom, change, transformation, intuitive development, good luck, and self-actualization

[@himadribarman2878]

@@pankajmathpal 😂😂😂

[@supritkothari1009]

Aur bohot se baate hai jo new tax regime me nahi milti

[@amitmoje954]

kaha bhai 20k bachane me 30 40 k kharcha karwa rahe ho

[@pankajmathpal]

Kharcha ya investment?

[@AlkalineMind]

Koi bata sakta hai ki ye jo budget aaya hai abhi 2023 mein Jisme tax 7lakh tak nil kr dia gaya hai 🥲 Isko kabse file kr payenge Matlb may 2023 me iska benefit utha payenge yaa 2024 mein?

[@chin_moy2908]

24 mein

[@moizchinikamwala4827]

Modi 🤡😈

[@CuteWorld614]

Kya yaar,kamna kam aur tax he bharte raho kitna mehnat krkay

[@pankajmathpal]

Yahi to dikkat hai. Aap bhi ek chitthi likhiye hamari finance minister ko.