Tax Saving Tricks used by Employees of Big MNCs in India | CA Sahil Jain

[@sonu23jordan31]

No one teaches the practical knowledge, only sahil sir does it. Best teacher for a reason.

[@Hardik___0103]

Apne sir ki ca final ki classes purchase ki hue h kya?

[@prajwalwaikar7830]

@@Hardik___0103 have you purchased ca final classes ?

[@TaxationWithCASahilJain]

All that you need to do is as follows:- 1) Apply Cases 1 & 2 to your income and house rent and see which of these cases suit you the best. 2) Try to make your employer structure your salary in a way that you are able to avail that benefit. Not every employer will accept your request, but at the end, considering what is possible in your specific case, you should structure your salary accordingly. Happy learning! ❤

[@bhaveshchoudhary8745]

👍

[@bhaveshchoudhary8745]

@@ugachch go to their official website and contact their team

[@venkateshbabuk2536]

Hi sir, there won't be any GST impact on the employer.? Recently from 18th July 2022 residential dwelling taken by the registered person will be subject to RCM.? Kindly clarify sir

[@vipulgoyal4405]

Sir, is the bonus paid at the end of financial year considered part of the salary or considered separately?

[@schnellster1]

In case 3, it will effect the loan size one can take?

[@avinashjaiswal7056]

The delivery, the lucidity, it's just incredible. As a fellow CA, I'm proud that people like you grace our profession, Sir

[@directdilse4024]

Totally agreed

[@dwarikasharma21]

Hello Sir, I really appreciate the way you're explaining and sharing knowledge in order to spread awareness regarding Taxation. However there are few things to be considered - 1) It is the Industry norm and almost no company allows more than 50% of Basic Salary as HRA. In your case it has been taken 82% which is not practically feasible. 2) If Company which is registered under GST and makes a rent agreement for residential property additional cost of 18% GST will have to paid under reverse charge. 3) Request you to make video by examining it from all angles and with practicality and without having your own assumption.

[@bestdudes4596]

Absolutely true, aur jab 9 lakh rent p hi pay kar diye toh bachaya kya khaaq. Rs10000-15000 pm (jo hota hai) rent ka example 20 Lakh salary pe lagaiye. No assumptions. Assume karke kisi ne 16 LPA saary ko tax free dikha diya youtube pe, toh 16 LPA wali tax free thori na ho jaegi. Usne education loan dikha diya, child hostel allowance dikha diya etc, ut har kisi ke bacche thorr n hote hai. Assume those facts which can commonly be assumed, not just anything to save tax. 9 lakh perquisite pay karke tax hi bachaya sirf, invest toh kuch kara nhi 9 lakh me se. 🙏

[@SumanKumar-sh3ws]

You are right. This is not practically work with company.

[@krdharmjeet]

Exactly and many IT MNC doesn't offer to make any changes in their structuring even asked by employees, so this video is only for sharing awareness about laws which exists but doesn't fit practically in many sector

[@SumanKumar-sh3ws]

@@krdharmjeet what is the use of this video when this not going to help us. I really expect videos which will be helpful and practical.

[@arunverma7052]

1. Gst paid under reverse charge can be claimed as input by company itself so the is point is not valid here. 2. This video is for awareness purpose and if your employer is ready to structure your salary then you should restructure as best as you can.

[@sashanksuraiya9642]

Knowing Theory is one thing and applying it to practical life is another! Thanks to Sir Sahil Jain's videos I am able to learn so much!!

[@swapangoel5947]

I recently given ca foundation dec 22 exam Bro I want to know tha how ca sahil sir taught in regular classes how many duration of watching hours .does he complete syallabus timely ?

[@Aseemsinghpawar]

hanji good evening is the best opening line/intro by any Indian youtuber. No dosto BS, straight to the point. #loveit

[@saurabhahuja7248]

This is benefit for the students because a teacher who teach and also a professional in that field teach better than who have only bookish knowledge because like sahil sir they can compare tax provisions into practical situation 🙂

[@praveen_me]

Thanks

[@prajwald7052]

Aaj kuch naya sikhane mila, itne asani sein samjhane ke liye thank you. Happy Diwali to all of you.

[@ayushshaw3681]

There are many problems with having low base pay and with 3rd plan. We all get salary increment every year. The raise is generally given as a percentage of base pay by the company. If we reduce the base, our increment also decreases. In the long term, we may be saving taxes but at the cost of our own income.

[@garrysingh3337]

yes this is what i was thinking. so HRA is best? Also do employers re-structure an employee's salary on request?

[@tanishagarg5500]

I know this clauses Nd rules theoretically but the way you explain its practical implication is way beyond my imagination. Thank you for this video Sir.

[@loeaxvyigw]

Loved ur new gesture ki aapne video ke last m haath jod k bye bola❤

[@YASHPATEL30604]

Really willing to learn taxation from you in intermediate

[@shishirdixit123]

You'll love Taxation then.

[@Evo-zs2rg]

Me too bro...just worried how I will remember all the sections

[@YASHPATEL30604]

@@Evo-zs2rg we have too after all we will going to become CA

[@Evo-zs2rg]

@@YASHPATEL30604 true💯

[@priyanshuagarwal2054]

Go for it

[@hidev4615]

Sir, now we need tax saving videos for self-employed. Like whom want this to be next video. Your explanation is amazing as always.

[@SA-sh1pc]

In Case 3 : The employer will also need to pay gst for the residential property which he will deduct from your ctc only ( obviously) so we also have to consider that.

[@TheAryanAtul]

Individual owner are not under GST. It's rare case where they have to pay GST

[@nafi]

@@TheAryanAtul here perquistes given by the company is taken as deemed supply. So company is liable to pay the gst if they are GST registered.

[@Rogue-Bull]

rcm gst paid can be taken as input tax credit. so it has zero effect

[@SA-sh1pc]

@@Rogue-Bull ya I agree with this

[@Rogue-Bull]

There are many hurdles to consider for this video. 1) Employer will never give even 1 rupee more than 50% as basic salary (reason being retirement benefits like gratuity/EPF/ESI/Bonus/leave salary are mostly calculated on basic portion). 2) this huge deduction is possible only for those who are actually paying rent to a real 3rd party (not relative): reason being it would rental income in hands on landlord so all this exercise has no use 3) RCM GST liability on rent increases working capital constraints on Employer 4) TDS on rent 5) no other expenses component to my knowledge apart from house to which such structuring could even apply so those who live in family home are back to square one

[@cerebral1095]

Thanks. You make much more sense than this dude

[@maxheart22]

Companies are hesitant to re-structure since the employer contribution to EPF gets affected. Did you consider this factor?

[@tis_ace]

It could be as EPF is calculated from salary but the definition of salary is different in different context as stated in the video

[@garrysingh3337]

@@tis_ace do employers re-structure an employee's salary on request? But we would want to keep CTC high as that dictates increment in same company and while switching

[@HAS_Stories]

I got My Answer, which was in my mind and even asked you before. ❤️ Thank You. 👍🏻👍🏻

[@its_maalik]

You have a very charming way of delivering lectures. The content is very valuable too. Keep up the good work.

[@jojven7514]

An 2nd engineering student, very much passionate about PERSONAL FINANCE B and wants to make carrier in HARDCORE FINANCE, Awesome vdo sir, you made this concept extremely simple. ❤❤❤❤❤

[@ShubhamJain-dh2qi]

So you think, CTC structure is in employee's hand? All big MNCs already have their own structure that will be applicable for all the employees. We can't change it

[@metabolichealthcoach]

I don't think there is any way a 30 percent salary person can Save more.. He has to give more 😂

[@mohammadmohsin9991]

There is a section in salaries of MNC's like tcs and infosys called Bouque of benefit which an employee can modify as per his needs and can restructure , hra , medical expenses , leave travel allowance etc u can increase or decrease . Only basic section of income cant be changed

[@ashkumar8797]

But if we are getting money in our hand , we need to pay tax. If employeer directly pay to landlord money does not get into our hand. That,s why income less ,so tax less.

[@georginshaji5175]

Sir ,I am a deaf student .I like your videos. My brother sees your video and explain it to me. Sir,can you please add English subtitles so i can watch videos independently.

[@rakeshs5572]

Case - 3, completely depends on company Case -2, mostly this will work

[@dakshjay]

Freaking excellent video! Can't believe that taxation can be taught so interestingly.

[@TarA-gx2td]

One of the best CA channels in KZbin

[@kpopstan7286]

A person being insecure about sharing this structuring plan with his/her employer,decides to share this video with his employer to ask them in determining which case 2 or 3 might be beneficial for him,The employer after taking this into consideration might say: "Now that i have taken efforts to provide u the benefit of time value of money,i expect u not to ask for a hike any time sooner🙄😬😅😂." Thank u so much Sahil Sir for taking efforts from ur side to bring such great practical content.

[@eg8049]

Recently studied salary for may 2023 attempt. Thank you for practical aspect sir.

[@qctr]

I am a salaried doctor by professional and watch taxation with CA Jain to understand taxes better. Request CA Sahil Jain to create videos for professionals, SMSE and Traders please - would be highly appreciated.

[@vdiitd]

I have never seen any employers asking the employee about tax structuring. Didn't even know that is a thing. Also, I wonder if any employer would take the headache of paying amount directly to a landlord which can change every few years.

[@garrysingh3337]

did you find out if Indian employers do this?

[@mayanksinghal7289]

I am from medical background and still loving his lecture....incredible

[@vikastiwari1070]

Video se bahut achha knowledge nikal k aya 😉

[@mittalboi6610]

Amazing delivery sir! Really the whole thing was so beautifully explained.

[@adeshgangwar3555]

Seedha and sateek answer for tax saving.. Thank you sir for the amazing video.

[@uvaiskhuraishi2427]

How can we position this to the company to convert the HRA into Perquisite? Amazing content, really appreciate all the knowledge that you share. Thank you!

[@AshishGupta-kq5mk]

sir your way of teaching is excellent. But I have question regarding 3rd option, in 3rd option CTC of employee will be reduced on paper and employees never want to decrease his CTC on paper. thanks for your guidance.

[@yashagarwal1985]

I sometimes feel jealous that such a premium content are available at free of cost!!! Thank you so so much sir for making such video!!!🙏❤️

[@souravvv.sharma]

Really True🥺

[@PhysicssimplifiedbySunilBalani]

Very helpful ..your coherence and clarity of presentaion is commendable ❤

[@kshorts1997]

This video is worth saving for future references.. Thanks !!

[@arpitjain45]

Prerequisite mein problem yeh hai ke job change mein salary hike mein dikkat hogi 2nd you will be dependent on employee for home and it will be difficult to switch

[@kirankumar-ch2gd]

Sirji, you forgot to mention the TDS on rent which is payable to govt if our rent exceeds more than 50k a month.

[@89partho89]

Good one. But jo log apne ghar pe rehte h wo kaise maximum tax bacha sakte hai apart from the 80c principl and 24a

[@RahulNayak-cg6fi]

sir you missed the following important aspects in the video 1)Deduction u/s 80GG in case 1 2)Gst payable by landlord in case 3 3)Its highly unlikely that a person earning 20L will spend 11Lakh together. Instead , his expenditure would comprise of multiple small transactions, for which he cannot trouble the employer every time. So practically speaking , in case 3 he would be availing benefit only for large expenses , and considering overall gst effect , case 3 is practically useless. Im your student sir , don't take this as a hate comment .

[@TaxationWithCASahilJain]

Thanks for initiating this discussion Rahul. Let me answer all your concerns:- 1) 80GG is not applicable in either of the 3 cases discussed in the video. Read 80GG again and you'll know why. 2) GST Payable by landlord shouldn't really be a problem since that landlord will get an ITC of the said amount. 3) Towards the end of this video, I have explained situations where rent paid as a percentage of income is high and the reasons behind it. More so, this video is by no means an attempt to tell people to not claim HRA and go for Case 3. All I have said is that depending on your income and rent paid, either of cases 2 or 3 could be beneficial for you. Just do the analysis and choose whichever case saves you the most amount. Hope I was able to answer your concerns. All these videos give some food for thought and make the viewer think of ways in which they can save taxes.

[@RahulNayak-cg6fi]

@@TaxationWithCASahilJain Thank you sir for clarifying my doubts

[@Aadesh_Kamble]

It's my 8th time I'm watching this video ❤️ I just loved it the way you teach....❤️💫

[@Rohit-ve7tq]

Every employer make sure that HRA= 50%of basic pay. In this case, smart employer make structure like this basic pay = 13.3 & HRA= 6.7 so, HRA exemption will be 6.7 and taxable income = 20 - 6.7 - 0.5 = 12.8

[@gowrishankarkn6499]

Wonderful explanation bro. However, I have a request. As your speech is in Hindi which is extempore - can you slow down a bit with your deiivery? We south Indians find it difficult to catch up with your Vande Bharat Bullet Train. Thanks.

[@aleemjaved001]

Sahil ur way of speaking is excellent

[@shubhambangad1011]

Thanks sahil, this is informative and new way of tax saving with a little gain of knowledge

[@monikam4997]

Dear Sir, It would be more helpful for the South Indian students, if you share your knowledge in English as well bcz I was able to see all the topics selected by you are really interesting and helpful

[@anshularora300]

Sir in the case where house is treated as a perquisite, what will be the final income in the hands of employee ( after deducting tax)??

[@niteshshah411]

Sir, I have few points to say,It would be great if you clear them. 1. The benefit is clearly there in comparison. But. I would say rarely someone will pay 50k rent and that too it is 6L. I feel the amount considered is too big and it unnecessarily glorifies the savings between multiple cases. a rent from 15k to 40k is a genuine rent I feel that the masses would be paying. 2. HRA component is also never this high in the CTC. and every company doesn't allow restructuring. 3. Realistically, still no one pays such high component as rent. And Even if everyone is earning and managing to pay such huge rent. Eventually as he is considering the complete rent, others still have to pay taxes as they won't be able to get rent benefit.

[@Manish-be6rb]

Really great and knowledgeable video. I just got a job for this much only and I'm finding ways to save tax, infact now there's many in my circle who's reaching this stage and trying to restructure tax. Have watched many of your videos, even though I'm from IT 😅. Also for those who are saying companies won't restructure, that's not the case as even people in senior positions are trying to save tax and if it can be done for us and for them too, for ex. car lease policy, nowadays many companies are giving this option and this one saves a good amount of tax. (if the car belongs to your family 🤭)

[@beasty007]

Can you put in points as to how you've been saving taxes? Please let me know the ways by which you're achieving it on such a salary.

[@coolcoolatul]

Explanation is good, but the example rent is well thought of as it is not practical in most cases.

[@adityasurte]

Well explained. A small suggestion, please avoid saying "nikalke aata hai" so often.

[@mukeshk1995]

Really learned something new today Thank you for the details.

[@ausiesam]

Great video just a question for company lease there is a GST applicability how to save that?

[@CAAmitSinghBhandari]

Maza aaya video dekh kr And In 3rd case compliance badh jayegi Employer i.e. employer as to deduct dts on rent paid u/s 194I whereas 1st and second case mein nahi hota ye.

[@AVNISHKUMAR-ku2me]

Sir i am ur gd Student, you clear each abd every sections in very deep manner in class itself and thereafter these practical case studies are like additional to himoglobin into blood

[@ganeshchandrapal4966]

This is the reason why we see your video to know more about which things and where we save tax throughs seen your video

[@CeeBeeThakur]

First thing a reputed company/MNC is not allowing to modify CTC at employee's discretion Secondly a person earning 20 lac will spent 9 lakh in house rent is very rare. There are better logical way of paying ZERO tax for salary of 20 lakh However, everything is an assumption and depends on person to person. So, for proper CTC design and savings maximum taxes one should consult a professional. Appreciate your free service for spreading awareness on tax planning 🙏💐

[@dynamicreflections]

Which better ways are there

[@bhagi018]

@@dynamicreflections Consult a professional.

[@sameermalhotra]

you are too good to explain things like a layman

[@susamaydas4442]

excellent content sahil sir, keep on educating like this, wish u luck ahead.

[@ankittripathi6169]

Real teacher ❤

[@TylerDurdenVibes]

quite unique way, didnt knew about perquisite till now

[@HighwaysTravel]

Basic pay CTC ka 50% hi allowed hai... 20 lakh CTC ka 11 lakh apne basic kaise pakda?

[@chandandangi6475]

your videos deserve millions of likes and views.

[@smilekapoor]

Excellent flow and knowledge sharing. Thanks a million 🙏💐

[@babaiyermanispiritualandpo2062]

Simple beautiful intelligent speaking looking and informative presentation.

[@muralidhara2063]

Hello Sahil,thank you for sharing knowledge, know thank you is very small tried a better word and didn't found better one. very interesting and important video. Looking forward to gain and share of yours.

[@rishabhjainrashh]

But in cases where, the company has employees in hundreds, how would it feasible for the company to get all rent agreements in their names and turning them into perquisite? Would it not be a practical constraint? And with that rcm and TDS provision will also come.

[@TaxationWithCASahilJain]

1) It definitely could be a constraint but the point to be noted is that not everyone would be benefitting from Case 3, hence, not everyone would be going to their employer with that demand. Doing this Case 3 treatment for a few, especially the employees at higher levels is something that can be bargained with the employer. 2) This video is not about recommending Case 3 to anyone. It is about explaining how structuring salary can benefit you in multiple ways.

[@rishabhjainrashh]

Agreed. Very well stated. Thanks.

[@techbasics6142]

Only a few MNC allow, my mnc doesn't allow custom structures as its more work for them

[@noyb6969]

but next year increment will be based on base pay so low base pay

[@radiationgamer9311]

1)Sir kya tan no lena mandatory ha amazon seller ke lia? 2)Form16A har mahine amzon me dalna ha ya baras me ek bar? 3)tan no kya harmahine filing karna padega?

[@faiz697]

I'm living in my hometown with my parents in our own house. So in my case rent is 0. So no tax benefit for me ?? 😑😑

[@vivektiwari-oh2uu]

Does company takes burden of providing accommodation as perquisite?? How to push them

[@sahilbhattad9035]

Mazaa aaya Sir Felt nice about the way we can use what we study to save our own money !

[@GauravSingh-le8mq]

50k will be added to deduction in the first case as well, correct?

[@theAltView]

Sir GST rule ka kya hoga effect? CTC k hisab se dekhe to? New GST rule: The government said renting of residential unit taxable only when it is rented to business entity️

[@abbaskagdi1]

are these options limited to MNC employees only, or can be beneficial to medium sized indian companies as well

[@beasty007]

Any private company, he mentioned MNC because these days companies like google, Microsoft, etc are giving huge packages.

[@bestdudes4596]

Absolutely true, aur jab 9 lakh rent p hi pay kar diye toh bachaya kya khaaq. Rs10000-15000 pm (jo hota hai) rent ka example 20 Lakh salary pe lagaiye. No assumptions. Assume karke kisi ne 16 LPA saary ko tax free dikha diya youtube pe, toh 16 LPA wali tax free thori na ho jaegi. Usne education loan dikha diya, child hostel allowance dikha diya etc, ut har kisi ke bacche thorr n hote hai. Assume those facts which can commonly be assumed, not just anything to save tax. 9 lakh perquisite pay karke tax hi bachaya sirf, invest toh kuch kara nhi 9 lakh me se. 🙏

[@V.Bansal]

In the last senario.... You did not considered increment in rent every year.. and the inconvenience of contracting with landlord every 11 months....If the tenure of the contract is to be taken more then 11 months then the muncipale tax of near by 10% of the Munciple value of the property(which no one wants to pay)... I don't think any MNC will agree to restructure this way...

[@kunalsinghal456]

One of the best tutor

[@narottamoganiya5359]

video ki speed normal kroge to ache se catch krne me help hogi 🙏

[@abhishek.ghosh123]

Please suggest Sahil on this... My landlord in Bangalore takes rent around 16k per month also mentioned in the rent agreement, but does not provides PAN Card number claiming owner does not owns a PAN CARD. I heard that there is a form if signed then during ITR, I can still get the taxation benefits. Kindly share all the possible scenarios that I can get to save taxes, this is similar scenario for too many colleagues and friends working in Bangalore.

[@ArvindYadav-ds3fh]

Please please reply , employer jo GST dena padega na kyuki wo gst registered hte hai .

[@logically1028]

Thats why i always wondered how such in efficient tax system has been in yhe Country...its has got nothing to do with reality and works only towards complications..where honest people are penalized and dishonest persons are awarded... A simple banking transaction tax would solve all the prob...& trust me if can make such a complicated tax law workable in the country, we can surely make banking system as the most prominent tax levy system as well...where it would be more simple, award honest and small income earners directly or indirectly and would tax rich person more..

[@sunnyjangral9156]

Armed force tax kaise fill krte hai uske liye b koi video banaye sir

[@sridharsahu08]

Employer generates form 16 and basic is never considered as total ctc -HRA. WE can show basic as 11lac while filing but that might be a diacrepancy with form 16 issued by employer and in case of notice by tax dept. There is no justification that can be given

[@rehmanelahishamsi5848]

But sir in third case when showed as perquisite the said property will be owned by employer or employee?

[@NIHALMISHRA-os8zj]

Agar home family member ke naam pe hai toh use aa a rent claim kar sakte hai

[@SagarMadhukar]

Sahil sir, you still have an "out-standing" delievery even while "sitting"! :D We love it that way, honestly! :) Please consider kariyega! :D

[@TaxationWithCASahilJain]

Hi Sagar. Thanks for the constructive feedback. Change looks bad initially. Give me 2-3 more videos in this format. If at all you still feel that you liked that earlier one more, I'll switch back to it :)

[@SagarMadhukar]

@@TaxationWithCASahilJain Theek hai, sir! :)

[@dancingkidkul9325]

Hello, How can one save tax when he is getting 45 lac per year as salary in full time employment? What are the ways and how to do it?

[@ganeshverma1848]

instead of rent suppose i want to take house loan . this tricks will worked?

[@AnutoshPandey]

is it similar to system offered by companies known as "Flexi Basket Benefits"?

[@hacorn96]

I have nothing to do with CA course, but this was really useful to know

[@harshpandya433]

Thanks for sharing such great info. It's really informative. Sir, can you please make some dedicated video series on similar topic for employees tax savings.

[@jayantrana627]

f&o trading pe tax kese bachaye ...uspr video banao

[@groundking6461]

In case 3, would the employer actually have to pay the rent amt to thr owner? OR its just on the papers that ER is paying such amt.?

[@vivek1890]

Sir ek tax consultant mila tha mujhe usne bola ki itr hojata h 100% jo bhi humne tax pay kiya h Pura tax ajata h vapas Usme tum koi expense na bhi dikhao tb bhi To kya ye legal h?

[@anuragmodi4192]

Hello Sir, The content was awesome. I request you to make more videos for the salaried employees for tax benefits.

[@connorkenway1941]

Thank you for the tips shared in the video. One quesion - How much % of the Basic can be HRA? Is it true that HRA cannot exceed 50% of Basic component?

[@GK-hc1dl]

Yes in most of Big MNCs