21. Income Tax Calculation | Computation of Tax Liability | Practical Problems

[@StudyAtHome]

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[@Param_rishi_kapil]

Taxation aapse sikh ke ek alag level ka confidence aa gya....thanks a lot for providing such videos...

[@StudyAtHome]

I am glad that studying taxation with me has given you a new level of confidence! Keep watching😊

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bilkul nahi socha tha aisa bhi channel milega thanku sir bht bada headache kam kardiya apne

[@StudyAtHome]

You're most welcome! Keep watching and all the best!

[@najwanivishal4061]

Sir aapne itna acha income tax padhya ha ki me sirf illustration ka question dekh rha hu and solution kr rha hu vo bhi aapke question read krne se phele thanks sir

[@StudyAtHome]

That's fantastic! It’s great to see how confident you've become with the subject. Keep practicing like this, and you'll master income tax in no time.

[@najwanivishal4061]

@@StudyAtHome Yes Sir bcz of you only

[@mridulvardhan1677]

Sir!! The best part about your lectures is that you divide the entire topic in videos of small duration which helps us psychologically to study for longer duration without even realising it ❤

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Thank you! I'm glad the format is helping you study effectively.

[@vijaymukhiya2113]

Great Explaning 🙏

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Thanks

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Sir, I am very thankful to you for these videos. These are very helpful. The way you emphasise on clearing the basic concepts is appreciable sir. Thanks for the good work.

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You are most welcome

[@user-hayat_rampuri]

amazing class

[@StudyAtHome]

Thank you

[@Bibek.Pradhan]

Sir in illustration 7 23:29 in iii and iv why 115BAA is not followed i have a doubt in that?

[@ankitsrivastava2411]

Is your doubt cleared ? I have same doubt

[@Bibek.Pradhan]

@@ankitsrivastava2411 No but in the following lectures all question incase of companies the old provisions are followed.

[@rahulshet3517]

@@Bibek.Pradhanif nothing mentioned old regime is to be followed in company

[@nitishjha8039]

Pta ni kis rup mi Narayan mil jate h ...🙏🙏 Dedicated to you sir

[@mehndiandtatooarts6878]

Sir do we need to learn all the slab rate to solve these problems 😢

[@valuenoteupsc]

Jaha jaha bacha sawal me phas sakta hai wo ap pahle hi bata dete hai😮❤

[@StudyAtHome]

😇🙌🏻

[@Bhaktee_Sangeets]

The lecture is too good sir🎉

[@StudyAtHome]

Thanks a lot

[@stylishkudi2730]

Thankyou so much sir for your kind support ❤

[@StudyAtHome]

Most welcome

[@MohammedIliyas-fo5iw]

agarwal sir is the best friend , for me in my career, thank you soooooo much sir

[@StudyAtHome]

You're most welcome! Glad to hear that!

[@ameetopiwala7255]

Thank you so much sir for this lecture 😊

[@StudyAtHome]

You're always welcome! 😊🙌

[@demon04x]

Thank you sir ❤🙌🏻 And yes sir there was minor error in 7 i and ii but it's minor can be easily understood 🙏

[@StudyAtHome]

Thank you for pointing out the error and for your understanding! I'm glad you were able to work through it. Keep this attentive approach in your studies; it will surely lead you

[@simranchhabra9922]

Sir apne surcharge bataya hai pr woh 7% and 12% surcharge in question -7...kaise pata chalega

[@Deepanshu__1981]

Great sir

[@jainprivar0706]

Nice session sir sorry ab se daily start kar Diya apke session phle break kar diye the exam ki wajah se

[@Turborsr-ul8by]

Thank you sir 🙏

[@StudyAtHome]

Most welcome

[@ankitsrivastava2411]

Sir, In Illustration 7(3) & 7(4) why new regime is not applied in case of Companies ?

[@Omp_andit42]

Because new regime is applied only individual, HUF,AOP,AJP,BOI. And for Indian company 30%

[@RADHIKAAGARWAL-c2r]

​@@Omp_andit42 And for indian company 30% what is that ??

[@Omp_andit42]

@@RADHIKAAGARWAL-c2r it's a flat tax rate

[@Omp_andit42]

@@RADHIKAAGARWAL-c2r are yu preparing CA inter

[@RADHIKAAGARWAL-c2r]

@@Omp_andit42 yes

[@crafts....7695]

Bhaiii itnaa accha koon padhata haii itna clear wowww ❤❤❤❤

[@StudyAtHome]

Thank you so much! Glad you liked it! 😊

[@income2018]

Very usefull....

[@StudyAtHome]

Glad to hear that! Keep watching!

[@pranavsingh5572]

thanks you so much sir for your dedication towrds us

[@StudyAtHome]

It's my pleasure!

[@karinapathan80]

TI 2,24,05,730 30%. 6721719 Surcharge. 12%. 8,06,606 Total. 75,28,325 Cess. 4%. 3,01,133/3,01,533

[@thesorakun]

Typo mistake

[@AshutoshKumar-eu8ji]

Sir You are Amazing

[@StudyAtHome]

Thank you for your kind words

[@RiteshKumar-nf6dr]

THANK YOU SIR FOR PRACTICAL PROBLEM SOLVED

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You're welcome

[@CMBABDULAHAD]

Thank you sir

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You're Welcome!

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As usual master class❤

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Your positive feedback means a lot to me

[@pranjalisharma2059]

Sir your lectures are addictive like any intersted web series❤. I never thought that studying tax can be fun also. It used to my biggest night mare for exam. Glad i found this..😊 But regret that i didn't find earlier😢 Thank you so much sir for this life time help🙏

[@StudyAtHome]

I'm delighted to hear that you find the lectures engaging and enjoyable! It's never too late to embark on the journey of learning, and I'm glad you found these resources helpful. Happy learning! 😊

[@sss-ur1cj]

Sir aapne bola tha ki agar q me slab na btaye ki konsa opt kiya h to by default old vala slab lgana h But aap isme new slab ka bol re ho Sir pls reply

[@MubarakaShakir-g4l]

Sir ne by default new slab opt karne ka bola hai

[@MubarakaShakir-g4l]

Sir ne by default new slab opt karne ka bola tha

[@rohitjindal1356]

Dear sir your teaching was so nice because I solve every question correct 💯❤❤

[@StudyAtHome]

That's great to hear. Keep practicing🎯

[@dimple1022]

Sir, ye sums cma material mai toh nhi h ....

[@jyotisindhwani709]

Thankyou so much sir

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Most welcome

[@shubhamd-i4n]

are module illustrations covered or just practical problems ?

[@rajupadhyay7395]

Hello Sir You already talked about Gst Videos and i just want a reconfirmation on start date and also i want to thank you for the courage and kindness of yours towards us thank you sir

[@StudyAtHome]

You're welcome. Complete GST playlist has already been uploaded. Please check it out- kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4

[@Sigma_boy848]

​@@StudyAtHome gst playlist fully applicable for new course may 2024 ?

[@Kejal-v1j]

at 22:07 why is surcharge taken as 12%

[@StudyAtHome]

Rate of Surcharge on Firm is 12%

[@CABUDDIES37]

Sir Cess after all calculations like after the rebate 4% laguna hai ya taxable income pe tax nikalne ke bad.....

[@StudyAtHome]

After Rebate & Surcharge

[@nusrat7973]

Sir amazing session but sir aap one shot bhi bana dijiye per chapter ke use hume revision ma help hogi sare lecture dhubara nhi dekh payenge one shot revision ma helpful hoga

[@StudyAtHome]

Will Try

[@shaikhtahir14]

And sir advance account where start?

[@rahulranjan8039]

Sir, jo aap padhate hai uski pdf mil sakti hai

[@shaikhtahir14]

Sir you apload daily basis and more than 1 hours

[@StudyAtHome]

The videos are already being uploaded daily from Monday to Saturday and their duration depends on the topic

[@RoshanKumar-vu2cq]

How can i get your notes sir?

[@StudyAtHome]

Here is the PDF & Notes link - app.studyathome.org/218092

[@samirdaganai2797]

Rebate old new dono mai lagta hai kya

[@StudyAtHome]

Yes but amount of rebate is diff

[@chia1327]

Thank you so much sir, I'm giving cma inter without coaching sirf apke videos se❤

[@StudyAtHome]

You're always welcome! All the best 🙌

[@cainterstudent5763]

Hlo sir 24:15 pr illu 8 m foreign company h only toh ye domestic Company Vali foreign company h ya 40% tax rate Vali foreign co kse pta chalega

[@StudyAtHome]

Sir solved it on the basis of assumption. You can better take 25%.

[@vedantikajoshi4129]

In 2nd point of illustration 6 mr y is non resident then how will old tax slab for resident apply on it, sir? I'm little confused..

[@StudyAtHome]

Old slab rate is same for resident or non-resident

[@UmmirHafsa]

22:15 in situation 2 75,28,325@4% cess then 301133 but it was 301533

[@somyagupta7215]

Sir from where to prepare for custom law ?

[@StudyAtHome]

Check out Complete Customs Lectures - kzbin.info/aero/PLyY2ccCWylArZD9MmHMDKWQpflkZ60o2H&feature=shared

Sir aap class mein jo problem & solution karate hoo agar uska pdf mil jati to bohut help hota.

[@StudyAtHome]

Here is the PDF link - app.studyathome.org/218092

[@deepikadevsani7443]

Can you please tell from where we will get this pdf? I tried searching in app but there is pdf of old syllabus and not new. And thank you for this lecture.

[@StudyAtHome]

✅Printed Material of Income Tax - bit.ly/3OwBkfe ✅View only Income Tax PDF (Non - Downloadable) - on-app.in/app/oc/218092/teddv

[@abhedkant]

Sir, I have a doubt in illustration 5(i) as you taught us, - In any question if it is not said that, which tax regime is to be opted old tax regime or new one, then we should go through new one. Here in above mentioned question, it is not said about tax slab applicability, only date of birth is given, in this scenario date of birth is useless. Why don't we should apply 115BAC in this question? 13:52

[@StudyAtHome]

Read the last line of the question - She opted out from Sec. 115BAC.

[@ishikaprajapati9951]

Sir can u tell where are these questions?? Icai module ? 2024-2025 edition?

[@StudyAtHome]

These questions are from Raj Sir's book

[@Soul_Editzz_2729]

23:34 Sir, In 7th sum 3rd point surcharge was 12% only because if more than 10cr surcharge is 12% why did you put 7% for surcharge

[@StudyAtHome]

It's only 2cr and not 10cr

[@rohitjindal1356]

Dera raj sir When we know the exemptions to be claimed in old slab.

[@samirdaganai2797]

Sir rebate kab lagate hai

[@StudyAtHome]

Watch this lecture - kzbin.info/www/bejne/h6mwiIiaht2Yfc0

[@sujitkumarpaul9077]

While doing solutions, should we draw box?

[@StudyAtHome]

not required

[@cainterstudent5763]

21:53 min pr situation 2nd m 78,29,458 arha h tax payable

[@Kejal-v1j]

Sir,why in 2nd Q we didnt calculate cess

[@StudyAtHome]

Tax is nil so there is no need to calculate cess

[@sanjeevtigga3839]

Sir ye question study material ka hai kya?

[@StudyAtHome]

It contains questions from study material and past year papers.

[@sumanrawat2000]

Sir in illustration 4 why rebate is not there?

[@StudyAtHome]

Income is about 10 Lakh then how you will get rebate

[@sujitkumarpaul9077]

Practically, round off of taxes ka zarurat parta hai? Kiuki abhi to bank main jana parta , sab kuch online hota hai.

[@StudyAtHome]

Zarurat nahi padti h q ki app net banking se bhi kar sakte ho

[@thefoodexplrer8273]

Sir rebate sabhi sums mey kyu nahi de rahe pls explain

[@StudyAtHome]

Kis question me nahi dikha? Give the timestamp.

[@SuyogPatil-xd5bj]

*Is it for CMA* ?

[@StudyAtHome]

Yes you can watch for CMA too

[@SuyogPatil-xd5bj]

@@StudyAtHome Thank You sir, For Replaying Sir.❤️

[@RADHIKAAGARWAL-c2r]

Sir in ill 7 case. 1 of individual on what basis we assume 25% surcharge it can be 15% ????? Where its is given that excluding income u/s 111A,112 nd 112A??? Sir Plz reply as soon as.

[@SuhaibFirdous]

@@RADHIKAAGARWAL-c2r the surcharge cant be 15% becoz the income is greater than 2cr and for 2cr the surcharge is 25%

[@StudyAtHome]

mention the timestamp from the video

[@sonaliagrwal8736]

I have a problem sir in question _4 If opt sec 115BAC , then there is no age limit so why very senior citizen calculating according 5 lakh exemptions

[@ankitjha2]

Here Mr. X is Opts out of Sec. 115BAC (He chose old tax slab) That's why 5 lakhs slab is applicable here ...

[@sonaliagrwal8736]

@@ankitjha2section 115bac is new regime tax slab

[@ankitjha2]

@@sonaliagrwal8736 yes

[@ankitjha2]

@@sonaliagrwal8736 And he didn't opts for that "Opts out of" means he chose Old slab, He is out of sec. 115BAC

[@sonaliagrwal8736]

@@ankitjha2 oh ,yaa, got it

[@Mnniloza]

Sir, for other than individuals, by default what tax slab comes- new or old?

[@StudyAtHome]

New!

[@namratabangeja3605]

Sir from where can i get ur dt and idt e-books?

[@StudyAtHome]

Notes: ✅ Printed Material of Taxation - bit.ly/3OwBkfe ✅ View only Income Tax PDF (Non - Downloadable) - on-app.in/app/oc/218092/teddv GST Notes PDF's link is mentioned in the description box of the GST videos.

[@namratabangeja3605]

@@StudyAtHome thank you sir

[@thefoodexplrer8273]

Sir new scheme ki mat mey old regime mey tax 12,500+20% likha hua hai uska kya meaning hai pls explain

[@StudyAtHome]

₹2,50,000 se ₹500000 ka 5% ₹12500 hota hai aur usse upar 20%.

[@akash_0006]

Sir bigboss winning amount ka paisa Under income from other sources me taxable ho as income from winning me ya under pGBP HEAD me hoga vocation ka income Maan ke?🙏

[@StudyAtHome]

ios

[@C_singla]

Sir one doubt in illustration 1 in case 1 he opts sec115bac then limit 3 lakh vali ni ayegi aapne old vali lga rakhi and case second mein old slab bola hai usme new lagya I think reverse ho gya isme doubt aa rha pls clear it my doubt

[@arpitagoyal18]

Case 1 opts out from 115BAC means 115BAC nhi liya hai , agr OPT IN likha hota to 115BAC K according hota

[@rohitjindal1356]

Great sir very great, but please answer = if any person adopt new slab(115BAC) and he also has senior citizen then how much was exemption limit rather than 3L. ......??

[@StudyAtHome]

its 3 Lakh only

[@y.srinivas8989]

12:09

[@mananbhandari2711]

Sir, sec 115BAC new slab m to every 2.5 lakhs pe tax calculation tha...ab amendment every 3 lakhs par ho chuka kya ?

[@StudyAtHome]

Haan!

[@ayushrathore5471]

Sir aapki books enough hai for preparation

[@StudyAtHome]

Yes, books are enough for preparation with lectures

[@brundapatil17]

Sir,if an individual doesn't opt for 115BAC which slab is applicable?

[@StudyAtHome]

If an individual does not opt for section 115BAC of the Income Tax Act, 1961, the old tax slabs will be applicable to them.

[@neeluchoudhary799]

Sir how can i purchase your books of tax and gst for cs executive

[@StudyAtHome]

You can buy books from here: bit.ly/3OwBkfe or call on 7776012345 if you need any assistance.

[@abhibarthwal1529]

Sir ap dt or idt January tk jrva doge .... I mean kb tk ktm hoga ... Revesion ka time milaga

[@StudyAtHome]

DT will be completed by January 2024 and the IDT playlist is already uploaded and amendments will be uploaded on time. So, you will have enough time for revision. Watch IDT Series from here - kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4&si=J4NmAcsIgyu1s-4k

[@singrayhansda6353]

Income tax ka notice ka samna or reply kaise kiya jaye

[@sanyamsinghai4915]

Sir kya appki GST kii bhi videos bhi upload hoogii ??

[@StudyAtHome]

Complete GST playlist is already uploaded- kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4

[@PrernaGuljani-ge3ep]

Sir in our study material questions are related to AY 2023-24.....BUT you are teaching according to latest slab rates so which one will be followed in our exams ....pls solve this query sir as I am really confused about it

[@StudyAtHome]

The one i am teaching

[@shivasurya7008]

Looks like you have last year's study material. New material has AY 2024-25.

[@PrernaGuljani-ge3ep]

@@shivasurya7008 but i have taken my study mat from the chapter itself......in the book its written that it was reprinted in 2o23 ....so how is it old Anyways i am studying according to AY 2024 25 only

[@teachnicalshubhamshaw2937]

Sir plz thodi lectures ki frequency fast kar dijiye

[@StudyAtHome]

Lectures are being uploaded daily from Monday to Saturday now, except a few days

[@teachnicalshubhamshaw2937]

Thank you so much for your response

[@AnmolSingh-j2s]

Sir ye 2023-24 hai lekin in 2024-25 me tax slab change hai toh 250000 ki jagah 300000 hoga please ek question solve Kara diye

[@ShubhamBhardwaj-wj2td]

Sir sab samjhe Aa Gaya but illustration 7ka d part me health and education cess nahi lga kyun😮

[@ankitjha2]

❤️🙏

[@StudyAtHome]

🙌🏻

[@sakshichougule5621]

2 case rebate nhi lagega if we opt U/S 115BAC

[@sakshichougule5621]

7 lacs after how much income we claim rebate under new slab

[@sakshichougule5621]

Ye notes ka PDF kaha milega sir?

[@brundapatil17]

Doesn't Opt for 115 BAC-New Tax Regime Opts for 115 BAC - old Tax slab Is it right sir?

[@StudyAtHome]

No, your statement is not correct! 115BAC is New Tax Regime.

[@Ashh34778]

Sir 4th illustration 2 april 1964 how13460 it become normal citizen

[@StudyAtHome]

Didn't understand your question.

[@Ashh34778]

In Illustration 4 ;1 april 1964 yo said its considered as senior citizen but 2 april 1964 you said its normal citizen how it become normal citizen

[@StudyAtHome]

Watch this - kzbin.info/www/bejne/h6i2lqqLp6uDp7ssi=RMYfp9eFbsS1SCiJ You will get to know about a circular which will clear your doubt.

[@Ashh34778]

Thank you sir

[@saifali7494]

Koi sir ka date se age yaad karne wala link de do 😢😢😢😢😢

[@technicalidbhai]

Dear all my friends suggested to me i want to buy combo ca intermediate group 1 purchase kare ya nahi

[@StudyAtHome]

If you liked the lectures available here on KZbin, then do consider purchasing it- New syllabus- www.studyathome.org/products/ca-intermediate-group-i-all-subjects-combo-new-syllabus/ Old syllabus- www.studyathome.org/products/ca-intermediate-group-i-all-subjects/

[@kaushik..123]

🥰❣❣🥰

[@StudyAtHome]

😊🙌

[@rahulshet3517]

I’ll 7 Mai 22405730 ayega after round off but in ur video it is 22405750

[@Ommdev09]

25:10 😂 11 crore income and nearly 5 crore on tax for foreign co.

[@CABUDDIES37]

7 illustration total wrong

[@hdhbshs-gv2ps]

Hiii

[@rekhaprajapati3582]

Thank u very much sir 🙏🙏🙏🙏🙏🙏❤❤❤

[@StudyAtHome]

Most welcome