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

[@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।

[@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! 😊

[@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।

[@beknowledgeable9315]

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

[@StudyAtHome]

Thanks a lot

[@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!

[@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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[@spwightloosech4965]

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

[@StudyAtHome]

Thank you so much for your appreciation! I'm glad to hear that you find my guidance helpful. Keep watching!

[@parasram8868]

Excellently explained. Thanks 👍

[@StudyAtHome]

Welcome

[@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!

[@ramchandragandhi7730]

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

[@StudyAtHome]

It's my pleasure! Keep watching!

[@anilsharma-m4s]

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

[@StudyAtHome]

Most welcome

[@shreyadas1463]

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

[@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! 😊

[@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.

[@ameetopiwala7255]

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

[@StudyAtHome]

You are most welcome! Keep watching! 😊🙌

[@anilkumarsharma2191]

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

[@StudyAtHome]

You're most Welcome!!

[@sudeshbhagat4271]

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

[@StudyAtHome]

So nice of you😊

[@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!

[@Lokeshchoudhary463]

Sir ji tusi great ho... Taxking 👑

[@StudyAtHome]

Thank you so much!

[@omprakashverma7409]

सर जी आपके बताने का तरीका बहुत ही लाजवाब है

[@StudyAtHome]

Thank you! Glad you liked it!

[@chandrarajb6877]

Very helpful, thank-you sir.

[@StudyAtHome]

Most Welcome

[@KamalAggarwal-vs8cp]

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

[@StudyAtHome]

Most welcome

[@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

[@yt_bharat]

Brilliant teacher ❤

[@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]

👍

[@kimongshaw]

Bahut Badhiya Explanation 😊

[@StudyAtHome]

Thankyou so much for the positive feedback

[@tahrinnaaz9426]

All time you are great

[@dilipnorton6465]

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

[@StudyAtHome]

Most welcome. Glad you found it helpful!

[@jhinuangel9854]

Way of teaching awesome ...tq sir..

[@StudyAtHome]

Thank you very much! 😊

[@hitabratabhattacharjee5959]

awesome teaching

[@StudyAtHome]

Thanks a lot!

[@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!

[@prateekkumar5864]

You explain really good.

[@kailashrawat3657]

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

[@StudyAtHome]

You're most welcome!

[@krishnasaha516]

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

[@rajanna86]

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

[@Devmahi85]

Bahut badhiya sirji.

[@StudyAtHome]

Thank you!

[@pravinpatel924]

What about standard deduction not considered in example

[@damodarmishra2031]

Excellent presentation.

[@kankan2003]

My total income (salary+short time gain) is 690000. But itr file karne ke time short term gain k liye tax liabilty dikha raha hain. 87a me to zero liabilty hona chaiye as per new tax regime. Can Anyone explain?

[@dhruvsahu3976]

Itna easy rebate explain karne ke lie thank you sir

[@StudyAtHome]

Glad you liked it! You're welcome!

[@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!

[@littlemaster8517]

Excellent explain sir... got cleared

[@StudyAtHome]

Thank you! Glad to know that!

[@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

[@chalapathynv8508]

Well explained sir.

[@jeetanjalisahoo]

Thank you sir.sare doubts Clear about 87A

[@StudyAtHome]

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

[@krishnakulkarni8007]

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

[@tanishapanchal7056]

Nice explanation sir thankyou

[@smartstudycircle2040]

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

[@YogeshThakuronlythakur]

excellent clarification 🙂

[@pravinchandrasheth3919]

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

[@income2018]

Very usefull series

[@StudyAtHome]

Glad to hear that! Keep watching!

[@AITOKNOworld]

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

[@StudyAtHome]

Always welcome😇

[@VikashKumar-qr2cb]

I am a govt employee in Railway. My taxable income is 706000 after all deductions according to new tax regime. While checking on income tax site, it is showing tax 6230 but My government employer is deducting 26000 as TDS. why they are not considering tax rebate of 19800 even though i am eligible for 87A rebate? Plz suggest me what should i do ?

[@mananbhandari2711]

Proud of you sir 💗✨

[@StudyAtHome]

Thankyou 😇

[@kriparadhekrishn]

Thank you sir God bless you 🙏

[@StudyAtHome]

So nice of you ❤

[@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.

[@DipendraSapkota-iu6rt]

Sir love yo very much

[@StudyAtHome]

😇

[@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.🙏🙏

[@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.

[@MISTER-qk3wk]

Sir, My total income is seven lac (115BAC opts) then my tax becomes nil. Have I to file return or not?

[@StudyAtHome]

You'll have to file return if your GTI is greater than ₹3,00,000

[@demon04x]

Thank you sir ❤🙌🏻

[@StudyAtHome]

Welcome

[@pravinchandrasheth3919]

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

[@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.

[@NirajKumar-fs4wl]

Fruitful lecture😊

[@StudyAtHome]

Thank you!

[@mukeshguru1989]

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

[@poojaagarwal8106]

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

[@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

[@vijaysinhsolanki4530]

Thanks for details sir

[@StudyAtHome]

You're welcome!😊

[@Nyjrggh8274]

Excellent!

[@StudyAtHome]

Thank you!

[@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

[@skmdafsar9408]

Sir u hv not deducted Standard Deductions of Rs.75000/- from the total income and artive final figures of INCOME TAX.

[@NivedhVijjapu]

That provision is for ay 2025-26 ,video is of ay 2024-25

[@kusummahale8371]

Sir, my query as after adding LTCG @ 20%, if taxable income Rs.7lakh 5 k, then also marginal relief get in the case..i.e.pension-3.5 lakh,(after -50kSD) SB Intt.-1.5lakh and LTCG -2.5.lakh..can tax will be 5k +4% EC or otherwise..

[@StudyAtHome]

Seems you want to speak rebate but you're wrongly writing Marginal relief. If you're talking about rebate then it's available from LTCG Taxable @ 20%. Rebate is not available only from LTCG Taxable @ 10%.

[@kusummahale8371]

Thanku Sir..

[@chandankumarjha423]

Totally clear. 🙏

[@StudyAtHome]

Great

[@Turborsr-ul8by]

Thank you sir 🙏

[@dwarkeshkundlani546]

Thank you very much. Dwarkesh

[@StudyAtHome]

You're most welcome!

[@rameshnayak700]

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

[@KrishnaNandaniya]

Sir LTCG u/s112A ke liye rebate milta hai?

[@shibankachroo9555]

Where to calculate. Standard deduction

[@dauuttamsaogovt.collegemac2204]

Bahut badhiya samjhaya apne

[@StudyAtHome]

Thank You! 😊🙌

[@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

[@bhushanjoshi2723]

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

[@subhashshivanker7980]

Very nice☝️

[@StudyAtHome]

Thanks 😊

[@maitri-23]

Thank you sir!!

[@StudyAtHome]

You're welcome!

[@kajalmishra1912]

Thanks a lot sir ❤

[@StudyAtHome]

Most welcome

[@tryambaknikam929]

In old slab what is the total income it is gross income or net taxable income ie. After deducting 8oc Rs 150000/_ and medicaid ins. Please clarify

[@StudyAtHome]

Total Income

[@grimereapers731]

Sir ek doubt hai..LTCG u/s 112A taxable @10 %.. meh agar 6 lac ka capital gain hai..toh usme toh 1 lac non taxable hai....then can we say total Income = 6 lac - 1lac = 5 lac and first 2.5 lac peh nil and next 2.5 lac peh 10%= 25k but uspeh kya rebate of 12500 milega under old regime.

[@StudyAtHome]

No!

[@prafulsolanki5660]

Capital gains are taxed on flat% basis therefore why would you apply slabrate on it, where directly % is given

[@visible3403]

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

[@StudyAtHome]

Yes

[@jeewanbhagia3999]

Tax rebate for senior citizens. Old and new sceme?

[@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

[@virendrauniyal8481]

Sir in case of old slab TI 510000we have to pay 14500 tax on excess of income of 10k. Pls explain this case also

[@StudyAtHome]

I can understand your pain but ye aisa hi hai

[@C_singla]

Hlo sir the book at study at home income tax ki vo may 25 ke liye purchase kar sakte hai kya ??

[@StudyAtHome]

Yes u can, i will provide amendment pdf before exam if any.

[@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??

[@Xeyz46]

Amazing ❤

[@StudyAtHome]

Thanks 😄

[@roydibyendu]

What about the CESS part?

[@StudyAtHome]

Please clarify your question.

[@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🙌🏻

[@chinthapallirangareddy1947]

What about standard deduction of Rs. 50,000/- ?

[@StudyAtHome]

This is available under New Regime.

[@bijaykumarmishra7689]

Sir in which cases old/new income tax regime will be effective

[@StudyAtHome]

Watch this for clarity: kzbin.info/www/bejne/hZakoZqImbiaiNEsi=reEY336lR0Dm7O6w