Save Income Tax 2024-25 | Why Old Tax Regime is Still Better then New Tax Regime?

Save Income Tax 2024-25 | Why Old Tax Regime is Still Better then new tax regime? Income Tax Calculation Examples
In this video by FinCalC TV we will see how to save income tax for salaried and business with old tax regime in 2024-25 in hindi using some tax saving options. New tax regime slab rates are revised and standard deduction is increased to Rs. 75,000 for salaried employees. Some of the options are available in new tax regime as well. We will also see income tax calculation using calculator to understand how to calculate income tax with old and new tax regime Fy 2024-25.
Income Tax Calculator:
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Income Tax Calculation Video:
• New Income Tax Calcula...
Section 80C Deductions List:
• Section 80C Deductions...
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STANDARD DEDUCTION
Standard Deduction is a flat deductions of Rs. 50,000 and Rs. 75,000 - available for salaried employees and pensioners
HRA - HOUSE RENT ALLOWANCE
can be claimed to save income tax if you stay on rent
SECTION 80C
Section 80C is the popular section among tax payers to save income tax.
Maximum Rs. 1.5 Lakhs can be claimed as deduction with Section 80C in a financial year
SECTION 80D
Section 80D is for claiming your medical insurance premiums
If you have medical insurance and pay premiums every year, you can claim the amount under Section 80D
SECTION 80CCD(1B)
Section 80CCD(1B) is for claiming your investments in NPS - National Pension Scheme
It has the limit of claiming Rs. 50,000 in financial year when you invest in NPS. This limit is above and over Section 80C we have seen above
SECTION 24
Section 24 helps is claiming your home loan EMI interest component, that you pay every month
While the principal component can be claimed under Section 80C with Rs. 1.5 Lakhs limit in financial year, interest component that you pay can be claimed under Section 24 with Rs. 2 Lakhs limit in financial year.
#saveincometax #incometax #newtaxregime #oldtaxregime #fincalc
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The KZbin Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.

[@fincalc]

Save Income Tax Video kaisa laga? COMMENT KARO 👇👇 Income Tax Calculator: fincalc-blog.in/income-tax-calculator/ JOIN Telegram Group: t.me/fincalc_tv_channel

[@shubhamrawat9260]

Sir mai koi job nhi krta kevel stock swing aap short term capital gain tax ke liye video bna do please 🙏

[@mitjaan7961]

Sir my question is if the income is rs 776000 then tax is rs 1040 which section of income tax said this

[@digantabaishya9805]

Nice video. I have one query. To claim under section 80ccd 2 ,is it mandatory to include the govt contribution(in nps) amount in gross salary?

[@arnabusct]

Section 80CCD 2 refers to a tax benefit for employers with respect to a contribution made to the pension scheme. If your employer contributes to your NPS account, your employer gets a tax benefit under section 80CCD 2. This tax benefit is limited to 20% of the total income of the employer in the previous year.

[@sp-ye7ht]

Bhai ye new se old old se new switching kebare me batao business income walo ke liye pls.. 2.agar salary+capital gains ho to ussesalary me gina jaayega ya business me.

[@arnabusct]

Salary me

[@GuriyaCreationsPrivateLimi-e5m]

Sir maine ITR bharne ke liye accountant ko bola , to unhone bola ki jo bhi aapne mutual fund or share market me trading se kamaya he to vo special income me aayega. Or ispe poore pe tex dena hoga, or is pr koi ribate nahi milegi... Jabki meri salary annual 3 lac he, and mutual fund or maket se 25000 ka profit he. Or sir future and option me 29000 ka loss he... To sir please bata de kya mujhe tex dena hoga ??? Please Sir🙏🙏

[@arnabusct]

1.25 lac tak ka gains on Long Term or Short term gains me no tax. So, Nahi dena padega.

[@priyankasadhwani3324]

I didn't understand this. My salary is between 3-4 lpa but every month I can see my tax deducted is 5k around then how here u are saying its 0% ??? Pls clarify

[@arnabusct]

It should not, ask ur employer to provide a detailed taxation sheet (or tax calculation sheet) for ur salary. You can get clarification from that only

[@vishaldsingh9620]

I hv home loan going on but the house is still not ready to move so i live in a rented house can i claim both hra and section 24

[@arnabusct]

Yes u can

[@sachinrode5206]

Nice analysis ❤❤ good information 🎉❤

[@fincalc]

Glad you liked it

[@sonu1446]

Sir agar PPF A/C holder ka 15 yrs ka bich mai death ho gaye to account ka kya hoga???

[@ranjitpowar78]

Nomeenie ko millega

[@ddas86100]

Thanks 🕉🙏

[@neelchauhan4727]

Bhai interaday pe bhi video bnao

[@alexhuateng3164]

Opestions trading TAX..Making video with Excel sheet

[@gauravpatil2472]

Sir excel sheet do na..

[@bhakti_devotionalVideos]

Informative

[@fincalc]

Thanks 👍

[@viveklee7]

New regime is better, wasting money in below average investments when it comes to old regime. If we have home loan old regime is better

[@gowin1111]

Even it's worst - since the relas estate growth is limited to 4% CAGR

[@tusharnayak7495]

Kitna confusing hai.. bhai present jaise karna hai simp,e karke sikh le

[@alexhuateng3164]

Opestions trading TAX..Making video with Excel sheet

[@alexhuateng3164]

Opestions trading TAX..Making video with Excel sheet

[@alexhuateng3164]

Opestions trading TAX..Making video with Excel sheet