20. Rebate under Sec. 87A of Income Tax | Old Regime & New Regime

[@StudyAtHome]

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[@dhaniram5108]

Sir,nicely explained. But, what about standard deduction in new slab to be deducted from gross income. Please advise.

[@yogeshkaji6544]

I am senior citizens of age 76 years,my gross income is 757000/---then how much tax liability for me,I have invested Rs150000/in PPF, and 53000/towards medical premium for my self and my wife, So please let me know which resim is useful for filling my ITR for FY 2023--2024, pi advice me without fail,

[@priyankasingh8902]

Sir you are a God gift for me. I am CMA final's student and your lectures are very helpful for us. Thank you sir for giving us free of cost knowledge.May God bless you.

[@StudyAtHome]

Thank you for your kind words! I'm grateful that you find the lectures helpful in your CMA Final studies. It's my pleasure to provide educational content free of cost, and I appreciate your blessings.

[@mamtasaini1623]

Hllo. I am also cma final student. I am confused that in dtaa question we will new tax regime or old

[@laltunaskar8983]

Very interesting sir, I understand. Thank you very much

[@StudyAtHome]

You're welcome.

[@sushanthkumar2590]

Very nice and crisp clear explanation for tax rebate 87 more than 7lakh deduction, I have not found this details anywhere and sir has shared the knowledge very nice/ Kudos sir

[@StudyAtHome]

Thank you for your kind words! Your appreciation means a lot to me! 😊

[@devcharansahu166]

87A को समझने की बहुत ही आवश्यकता । आपके वीडियो के माध्यम से समझ गया। बहुत बहुत धन्यवाद सर धारा 89(1) को और समझा देते तो अच्छा होता।

[@beknowledgeable9315]

You are a good Teacher too...,Sir.....v. nicely explained....

[@StudyAtHome]

Thanks a lot

[@spwightloosech4965]

Sir,ur attempts n attitude in offering such very needful n useful guidance r Really very -2 appriciable!

[@StudyAtHome]

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[@parasram8868]

Excellently explained. Thanks 👍

[@StudyAtHome]

Welcome

[@ramchandragandhi7730]

WE ARE LEARNIN LOT FROM YOU FOR REFRESHING OUR KNOWLEDGE THANKS SIR

[@StudyAtHome]

It's my pleasure! Keep watching!

[@tikurammeghwal449]

Super sir Aapne acche se samjhaya Dusre khoob saare video dekhkar samay kharab kiya koi bhee santust nahi kar paya Aapka video drkhkar meri khoj purn hui Sadar Charan sparsh 🙏🙏🙏🙏🙏🙏

[@StudyAtHome]

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[@ameetopiwala7255]

Thank you so much sir, you are the best teacher and you explain everything very well 😊

[@StudyAtHome]

You are most welcome! Keep watching! 😊🙌

[@bhaskarr-r7e]

hello sir your teaching style is very much good and it is understanding to me because of subtitles i doknow much hindi so i request you sir that in every videos please upload the subtitles because like me other students will get opporunity to watch your classes and understand the concepts thankyou

[@StudyAtHome]

You're Welcome! We are trying our best to upload subtitles on every video!

[@bhagyavanthbhagyavanth5964]

Sir your way of understanding the concept is very best sir , in simple way and in less time your always clearing the doubts & understanding the concept very easily and perfectly , thank you so much sir

[@StudyAtHome]

I'm glad you find the teaching method effective!

[@gajanandmacheewal7801]

Sirji new tax regime me rebate 87A bahut ache se samjhaya h aapne nhi to 7L se uper hone par rebate nikalna kisi ko nhi ata

[@StudyAtHome]

Glad you found it valuable! Thank you!

[@sudhir2042]

मंदबुद्धि सबको आता है। इसने पूरा गलत समझाया है।

[@munifakhan2050]

@@sudhir2042 to sahi kya h

[@CA.st1]

​@@sudhir2042bhai aap kisse kr rhe ho dt

[@gopalmadduri]

ये बार बार जीरो से लेकर क्यूं कहते हो? आप को एक रुपिया कहना चाहिए। तोड़ा सोंच ना जरूरी है।

[@yt_bharat]

Brilliant teacher ❤

[@ranjanachaudhary8119]

Sir,you have improved your quality and content of your lecture i have seen all your previous lecture ,these new lectures looks soo refreshing ❤❤ ❤❤

[@StudyAtHome]

Your feedback is incredibly motivating! ❤️❤️❤️ Thank you so much for your kind words!

[@shreyadas1463]

Thank you so much sir, you teach very very well.

[@StudyAtHome]

Most Welcome

[@anilsharma-m4s]

Thank you sir...... Very knowledgeable video related to 87A

[@StudyAtHome]

Most welcome

[@kimongshaw]

Bahut Badhiya Explanation 😊

[@StudyAtHome]

Thankyou so much for the positive feedback

[@sudeshbhagat4271]

❤ Thanks Sir ji. "Study at Home "Wonderful Experience. Very Useful. God Bless you. 🙏🙏🙏

[@StudyAtHome]

So nice of you😊

[@anilkumarsharma2191]

Very nicely explained tax concept for filling ITR ,thanks a lot for your video.

[@StudyAtHome]

You're most Welcome!!

[@dilipnorton6465]

Was able to clear all my doubt in video it self thank you sir

[@StudyAtHome]

Most welcome. Glad you found it helpful!

[@Lokeshchoudhary463]

Sir ji tusi great ho... Taxking 👑

[@StudyAtHome]

Thank you so much!

[@KamalAggarwal-vs8cp]

Highly elaborative. Demo .sir if still one does not understand God Could make one understand...thnx God Bless !

[@StudyAtHome]

Thank you for your kind words! I'm glad you found the explanation detailed. Sometimes, certain concepts take a bit more time to grasp, but with persistence and dedication, you will get there.

[@tahrinnaaz9426]

All time you are great

[@KamalAggarwal-vs8cp]

Very useful.....GR8 demo. Thnx sir

[@StudyAtHome]

Most welcome

[@nripendraku]

❤ Awesome ❤ मुझे पहले से guess था कि depreciation वाले चैप्टर में ज्यादा मजा आयेगा

[@StudyAtHome]

Thank you! Glad you liked the lecture! 😊

[@jhinuangel9854]

Way of teaching awesome ...tq sir..

[@StudyAtHome]

Thank you very much! 😊

[@chandrarajb6877]

Very helpful, thank-you sir.

[@StudyAtHome]

Most Welcome

[@prateekkumar5864]

You explain really good.

[@omprakashverma7409]

सर जी आपके बताने का तरीका बहुत ही लाजवाब है

[@StudyAtHome]

Thank you! Glad you liked it!

[@kailashrawat3657]

Thanks sir. Very clearly explained tax under old and new Tax regeime.

[@StudyAtHome]

You're most welcome!

[@VarunKapoor_13]

100% Concept clarity from your lectures. Can you please add more playlists courses of other subects of CA INTER for Nov 2024 exams

[@StudyAtHome]

I'm touched by your request, but offering more subjects for free on KZbin is currently beyond our capacity as we put in a lot of resources and effort to create the lectures but don't get disheartened! All the courses are available on our website www.studyathome.org at nominal cost. Thank you for understanding and keep enjoying free Income Tax & GST lectures!

[@Devmahi85]

Bahut badhiya sirji.

[@StudyAtHome]

Thank you!

[@hitabratabhattacharjee5959]

awesome teaching

[@StudyAtHome]

Thanks a lot!

[@dhruvsahu3976]

Itna easy rebate explain karne ke lie thank you sir

[@StudyAtHome]

Glad you liked it! You're welcome!

[@littlemaster8517]

Excellent explain sir... got cleared

[@StudyAtHome]

Thank you! Glad to know that!

[@damodarmishra2031]

Excellent presentation.

[@AITOKNOworld]

In starting sir says I make you as master piece like me ❤tnxs sir ❤❤❤❤

[@StudyAtHome]

Always welcome😇

[@mananbhandari2711]

Proud of you sir 💗✨

[@StudyAtHome]

Thankyou 😇

[@chandankumarjha423]

Totally clear. 🙏

[@StudyAtHome]

Great

[@moizlokhandwala1334]

Excellent teaching! Sir, hope you will conduct a similar session on interest leviable u/s 234(sub sec.A,B,C,...etc.) which is quite complicated for a layman to understand.- mz

[@VIKRAMSINGH-eo1lo]

Very Clearly understood about Marginal Rebate Thanks ji

[@StudyAtHome]

Glad to hear that! You're welcome!

[@jainprivar0706]

Sir apki video bhut helpful hai mere liye ❤ thank you aaj apki class ke concepts frd ke sath share kiye.

[@StudyAtHome]

You're welcome. Keep engaging and sharing🙌🏻

[@YogeshThakuronlythakur]

excellent clarification 🙂

[@smartstudycircle2040]

Sir Kindly try to illustrate some more questions based on u/s 87 A for new tax slab regime

[@rajanna86]

Can you pl give a session on Standard Deduction? Thank you.

[@Nyjrggh8274]

Excellent!

[@StudyAtHome]

Thank you!

[@chalapathynv8508]

Well explained sir.

[@tanishapanchal7056]

Nice explanation sir thankyou

[@jeetanjalisahoo]

Thank you sir.sare doubts Clear about 87A

[@StudyAtHome]

I'm glad I could help clear your doubts about Section 87A 😇

[@krishnasaha516]

9:54 Rebate under new tax regime (115BAC)

[@kriparadhekrishn]

Thank you sir God bless you 🙏

[@StudyAtHome]

So nice of you ❤

[@demon04x]

Thank you sir ❤🙌🏻

[@StudyAtHome]

Welcome

[@income2018]

Very usefull series

[@StudyAtHome]

Glad to hear that! Keep watching!

[@NirajKumar-fs4wl]

Fruitful lecture😊

[@StudyAtHome]

Thank you!

[@DipendraSapkota-iu6rt]

Sir love yo very much

[@StudyAtHome]

😇

[@dauuttamsaogovt.collegemac2204]

Bahut badhiya samjhaya apne

[@StudyAtHome]

Thank You! 😊🙌

[@kajalmishra1912]

Thanks a lot sir ❤

[@StudyAtHome]

Most welcome

[@Turborsr-ul8by]

Thank you sir 🙏

[@nripendraku]

23:04 0 - 3,00,000=NIL 3,00,001 - 6,00,000@5%= 15,000 6,00,001 - 7,17,000@10%= 11,700 TI= 26,700 Rebate u/s 87A= tax- income beyond upto 7 lac 26,700-17,000=9,700 Therefore tax before H & E Cess = 26,700 - 9,700 = 17,000 😊

[@StudyAtHome]

👍

[@shashikantmurdeshwar4406]

In new tax regim-Taxable income is to be taken after deduction of 😊Standard Deduction Rs 50000 in case of pensioner Pl confirm-Murdeshwar

[@rekhaprajapati3582]

Thank u so much sir❤🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@StudyAtHome]

Most welcome

[@Gaurav-y9z]

Sir practically government will not delete old slab cause majority of tax is received from rich tax payers and they opt for various exemptions and deductions under the old slab, so I believe there is no chance that the government will delete the old slab. However the government may increase the total income limits to pay tax under the old slabs by which many of small tax payers will without any option opt for the new tax regime.

[@Xeyz46]

Amazing ❤

[@StudyAtHome]

Thanks 😄

[@pravinpatel924]

What about standard deduction not considered in example

[@aakanksha-w8]

Thank you sir!!

[@StudyAtHome]

You're welcome!

[@vijaysinhsolanki4530]

Thanks for details sir

[@StudyAtHome]

You're welcome!😊

[@आदित्य_001]

Sir mera sept 25 attempt hai..kya mujhe tax slab wale videos dekhne hai?aur agar me apar ye playlist aur GST wala playlist karke bas study mat karli to kafi hai kya sir???please reply

[@subhashshivanker7980]

Very nice☝️

[@StudyAtHome]

Thanks 😊

[@pravinchandrasheth3919]

For non salary tax payers, in new regime, what deductions are applicable if gross income exceeds Rs 7 lacs for FY 2023-24.😊😊

[@dwarkeshkundlani546]

Thank you very much. Dwarkesh

[@StudyAtHome]

You're most welcome!

[@mukeshguru1989]

Sir ye income ki bat Jo kar rahe hai wo deduction ke bad hai ya pahle

[@jagannathrao6689]

Standard deduction . Is it allowed in new regime for Sr citizens above 80 if the income is only from interest from FD in banks. Namasthe.

[@LoveSingh-jv7jd]

Very informative video sir. Thank you so much. My question is suppose if income is 8lac, does hra rebate affect 87a rebate in any manner in new tax regime. I am using a software where when i am entering HRA amount i am getting some rebate in under section 87a in new tax regime it is only happening when i m showing rent paid 1.5 lacs

[@lalitdass6204]

Sir can you please advise if deduction of 30% maintenance on rent received as income is allowed in new regime? Also is the mediclaim policy premium is allowed as deduction in new regime Thanks

[@paaninisharma546]

Will you cover GST syllabus?

[@StudyAtHome]

The GST Playlist is already uploaded! Watch from here- kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4&si=74H9y52o0SXypi-O

[@jeewanbhagia3999]

Tax rebate for senior citizens. Old and new sceme?

[@rameshmathur4562]

Sir I am having long-term capital gain on shares/Equity. Whether I can invest this amt in further construction of my house and get rebate. Please tell me how and under which section I can save my long-term capital gain.🙏🙏

[@rameshnayak700]

Whether it is available for stcg on sale of foreign stocks to resident individual?

[@dauuttamsaogovt.collegemac2204]

Gadgets kaun se use kar rahe hain sir aap online study k liye thoda guide kijiye

[@shibankachroo9555]

Where to calculate. Standard deduction

[@KASHISH77]

From where we can access this file (from which sir is teaching)

[@StudyAtHome]

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

[@visible3403]

Sir, are u talking about Taxable income after Deductions and exemptions?

[@StudyAtHome]

Yes

[@namratathakur2948]

Sir please explain how basic exemption limit to be used in case of tax liability if there is only Income of section 111A and 112A from shares exist And There is no other head income and rebate benefit in old tax regime and new tax regim.

[@StudyAtHome]

You will learn this in Capital Gain chapter.

[@sushameendrakrishna7369]

Standarddeduction not deducted in all cases

[@harshvardhansinghvi4770]

Thank you sir

[@StudyAtHome]

You're welcome

[@pravinchandrasheth3919]

New regime ,Above 7 lacs, is there any tax deduction like 80c, FD INt medical exp, pension etc

[@ayodhyadawar2757]

Whether HUF is covered

[@StudyAtHome]

No, it's only for individuals.

[@ShreyaSingh-nc8bm]

Pranaam sir... Sir y December 23 attempt ( CS executive) k liye valid hai??

[@krishnaagarwal1205]

yes i think so hoga , i am also preparing for the same

[@ShreyaSingh-nc8bm]

@@krishnaagarwal1205 acha achaa

[@ShreyaSingh-nc8bm]

@@krishnaagarwal1205 sir ek baar confirm bata dete toh shi rehta

[@StudyAtHome]

No, it's not. Here's the complete playlist for '23 exams- kzbin.info/aero/PLyY2ccCWylAo9MIw1hBzpTyukaAk490d-

[@krishnaagarwal1205]

Sir so these videos are applicable for which year exams??

[@gopalmadduri]

You are not using the important phrase TAXABLE income. This is important because a resident individual is eligible to deduct a lot of income under different sections from his/her total*income*. Please clarify

[@bhushanjoshi2723]

Sir 115 BAC Marginal relif jaysa benefit hota hai na above 7 lac ke liye

[@krishnakulkarni8007]

If there inome is 606069/_ can he opt old rigiem.

[@vishweshwarichageri5197]

Sir,apne standard deduction ke bare me koi Jigar nahi ki.

[@learnwithvikku6427]

Sir,Pls make a video on PF ❤

[@StudyAtHome]

Very soon

[@learnwithvikku6427]

Ok sir thank you so much!❤️

[@poojaagarwal8106]

Sir what is the maximum limit of income. exceeding from 7 lac to get rebate us 87a

[@GouravHada-l3p]

Hi can you please bring new gst lectures also

[@StudyAtHome]

Instead of a whole new series, we will bring amendment lectures and newly added topics separately very soon. You can Watch GST lectures from here- kzbin.info/aero/PLyY2ccCWylAozEb7wfWYjPAJjCiKoNRP4&si=uxmRJKUnJw4U2IaF (Amendments will be uploaded soon)

[@aditikumari1670]

Thanku sir ji

[@StudyAtHome]

My pleasure

[@hackerbeluga]

perfect sir

[@StudyAtHome]

Thank you!

[@PramodkumarGupta-p8x]

Very nice calculation My age 70+ Bank pension 365000 Bank SB interest 3400 STCG on share trading 2405/50 Investment medical insurance 19095/- 1) tax liability? 2) which ITR form filled Reply

[@PramodkumarGupta-p8x]

Please reply me