Which is the best tax regime for you? | Money Psychology

[@ShashankRaina]

The only video required to explain tax basics to everyone. A perfect ELI5 video. Definitely sharing this video every time someone calculates tax wrong. Kudos

[@Zero1byZerodha]

Thanks a ton! So glad you found it helpful. Feel free to share it around-let’s help everyone get their taxes right! 😊

[@skp251]

Amazing how a complicated topic can be made so simple to understand. Absolutely blown away. 😊

[@Zero1byZerodha]

❤❤

[@iconicaryan08]

best video i ever seen in terms of information.

[@RaviKumar-uw8lb]

Thanks Guys. Just loved it. The excel calculator has EPF already deducted on Cell no B7 which comes under 80C. So, while we input deductions for 80C in Cell B19 it should be 1.5 lakh minus EPF deductions.

[@prasannakamath9972]

I think B7 was for employer contri and 80c includes employee's contri

[@GirishSalaskar]

Thank you so much guys, this helped to understand and choose the correct tax regime. Thank you so so so much! Sharing...

[@shreyasingale]

Thanks for clarifying this topic. You’re doing good work. Keep it up.

[@Raj-of5kz]

You guys are making complex things easier. Loved it

[@Zero1byZerodha]

Thanks for your love!

[@MuraliDhar-t6r]

First time I saw simple calculator to pick the tax regime. Previously came across many of them but too much information. AWESOME

[@gopigovindaraj9210]

I appreciate the excellent knowledge the channel provided, especially how it is presented. I am an NRI living in the Gulf, where I do not pay any taxes. I do not have NRE/NRO accounts. I have a loan here, and once I receive my paycheck, I pay off my expenses (house, children's education, and EMI). The remaining money is transferred to my regular savings account in India to cover my parents' expenses. The rest of the money I save is in stocks and bonds. Please provide a detailed explanation of the best way to file taxes and save money, as well as the right channel to transfer money and why

[@AbishaiC]

Absolutely stunning presentation. Love the collaterals too! Thank you

[@Zero1byZerodha]

Thank you ❤

[@vandana_shree]

Thank you so so much for making this video! It was an eye opener💡No one - absolutely no one - has made such a simple, fun and informative video on taxes before. You guys are just amazing 🩶🩶

[@Zero1byZerodha]

Thank you ❤

[@prajwalmadhyastha5613]

Alright, I hardly comment. This, I had to. I follow all your videos and love them for their simplicity. I'm well versed with taxes but found the video to be clumsy. Not as simple as other videos of yours. I think at the cost of making it fun, the video lost it's simplicity. While I'm here, have to appreciate the great work you guys are doing to simplify finance.

[@rohanaaron]

What a lucid explanation on making an informed decision & appropriate choice as regards the old tax regime and new tax regime! Thank you so much for demystifying the concept so well & in an engaging manner. The ready-reckoner & the comparative calculator are quite helpful. Having been a teacher for 2 years, I could observe how beautifully & seamlessly pedagogical practices were implemented throughout this educational video. The idea of explaining certain abstract concepts by making them concrete concepts initially so that people can make connections and inferences effectively was very well integrated. E.g. the use of poker chips to represent money/numbers was an action towards building better clarity. Further, while planning for the video & its content, being able to anticipate breakdowns and/or misconceptions around a certain concept which your audience/students may have is extremely important so that they may be adequately addressed. This came alive through various doubts and queries the colleagues had raised during the discussion. They might have been so-called silly questions. Incorporating those questions not only clarified doubts but also humanised the whole content by adding a tinge of humour. Kudos to the whole team on & off the screen who put in so much of effort in planning & executing this! ❤🤩 I look forward to more educational & insightful content. 😊

[@Zero1byZerodha]

Here are some ❤️❤️. From one teacher to another :)

[@PrashantXplorer]

Thanks Guys to make an effort, to help a people for selecting which regime is better. Kudos

[@Zero1byZerodha]

We are happy to hear that! :)

[@vaibhavrevandkar1422]

This is the best video ever made on this topic. Kudos to the team. ♥️♥️♥️♥️

[@pradipbhattacharyya3968]

I love you guys man. You people are awesome. Thanks for doing this.

[@JijoBose]

You explained the tax slab very creatively

[@a1rvsaha]

❤Best n simple video. easy to understand this complicated topic😊

[@vsk5573]

These kind of things should be taught in school... nice and helpful video.. thanks

[@Zero1byZerodha]

Thank you😊 Totally agree, this stuff should definitely be taught in schools.

[@santosh_kushwaha]

I have studied in my highschool in 2006

[@vsk5573]

@@santosh_kushwaha which syllabus?

[@shaktimangangadhar3638]

I did my highschool in 2002. It was there in high school ICSE.

[@garimapaliwal21]

Waiting for 80C to be a part of the new regime.....( It's in news )

[@चाकूदेवी-तलवारवाली]

You need to ask for 80c limit upgrade to 3 lac

[@greedygoblin9441]

Dw, will never happen

[@pawansahani3892]

Jumla hai

[@KiranSimonChiramel]

It will never happen. People like you believe it 😂

[@ashoktata3]

Govt is planning to remove old regime and you are expecting 80c to increase?

[@madhurajbhusari8372]

Finally I understand about taxation to some extent. Thank you so much 😊

[@Siva_avis1]

As a newbie, this video was really really (and i mean really) helpful. I was always confused by these slabs. And going to great extents to give a chart and a calculator with the video, thank you 🙏Now I am eagerly looking forward to your other videos. Would be great if you can cover more personal finance management topics (I apologize if you've already done them 😅)

[@Zero1byZerodha]

Thank you 🙌

[@ppk8779]

Thank you very much for this informative and timely video. I clears a lot of doubts.

[@Zero1byZerodha]

Glad it was helpful! :)

[@akhileshmj8790]

The video which helped me to get 1% Better today. Thank you ❤

[@mamtakumari-dl4tx]

Awesome video to understand the old and new tax regime.

[@digantoxetcar5110]

I really like the ready reckoner you guys have provided. Although I would like to make calculations myself on the spreadsheet calculator, I like the shorthand version as well. Kudos!

[@Zero1byZerodha]

Thank you 🙌

[@deepakkurdekar.7999]

Wonderful very crisp and clear detailed video on Tax regime, thank you Vivek sir 🙏🏻

[@SelfLabByFaraz]

Nobody can explain taxation better than this...!

[@Zero1byZerodha]

Thanks for your words 😇

[@sathishkem8406]

Excellent work!..Thanks for making it simple

[@akhilnaira9124]

Really appreciate the time and effort you guys put on to educate the society. Kudos team🎉

[@krunal_94]

In love w this channel! Thanks team 👏

[@makarand02]

Thank You so much team, this is indeed explained in simple language

[@Saintt101]

Being a science student, these videos intrigue me a lot

[@adityatambi1470]

Hey guys! Good video but a note of CAUTION. 80ccd(2) you guys mentioned is when the employer contributes in NPS for employees. This is available in both regime. But 80CCD(1B) which covers when employees themselves contribute in NPS is available only in Old regime.

[@prasannakamath9972]

some basic deductions which everyone should consider taking- 80c 80ccd1B 80ccd2(depends on your employer) 80d(buy a health insurance for self and family) these deductions easily cross 2lakhs and may help in bringing down your tax liability.

[@piyushjain4349]

Ek number prateek bhai❤

[@theshreyansgupta]

Such a simple and entertaining video to explain tax!

[@Zero1byZerodha]

Thanks so much! :)

[@ajinkyachavhan5279]

Best video with a simple explanation.👍

[@shivamanoselvam5772]

@prateek , What a clarity , Very much impressed with the explanation, i will take the liberty to share this content to my collogues as well.

[@Zero1byZerodha]

Please do ❤️

[@tejassb8658]

Love the spreadsheet. But shouldn't 87A calculation also be a part of it? Eg For 7 ~ 7.3 L in the new regime?

[@Heisenberg-02]

Is the excel spreadsheet provided updated with the latest budget slabs?

[@08pkz]

0:13 - give the black t shirt guy in corner a raise, only guy working in the office! 🥺😂🙌🏻

[@justbarath]

Thanks for the information guys! Got some much needed clarity! Need to get started on planning this in this FY!!

[@BadalLingayat]

the sheet doesn't have an option to enter house rent paid and metro city selection in the deductions section.

[@chaoticlue]

So, the new tax regime is for people who don't want to invest in elss, etc? granted nps /ppf doesn't give any sort of returns. Is there an option to remove atleast a portion of that money and source it to say index funds? Will choosing a new tax regime benefit or should I individually estimate the taxes on my investments, compare it with new and old and then choose?

[@Srivatsa224]

Hi Guys, thanks for this video, very helpful. I have a question regarding the template you have shared. In the old regime, you are considering 1.2L as the EPF amount and then, in addition to this, you are also considering 1.5L as the deductible amount?? Is the EPF amount, not part of the 1.5L under 80C? you cannot consider 1.2L from EPF and then 1.5L from 80C (investments) both, right? even though the total sum would be 2.7L, you get only a max of 1.5L deduction, right? Please correct me if I am wrong.

[@Zero1byZerodha]

Hi there! To clarify: 1. Employees' contributions to the EPF account are eligible for deduction under Section 80C. 2. Employers' contributions are tax-free but not eligible for deduction under Section 80C. In our income tax calculator: The employer's contribution to EPF is assumed to be Rs 1,20,000 and is deducted from the gross salary. In the deductions section under Sec 80C, you can claim a deduction of up to Rs 1.5 lakhs for your contribution (as an employee) to the EPF. Hope this helps! Thank you

[@subhan9148]

Hello, I have a small query My friend is having a home loan, of which he is using section 24 and 80c to show the interest and principal paid and getting a deduction. But this his home loan was take over to other bank, would he still continue to claim deductions ??

[@Unstoppable_gaur]

Hi the Income tax video was very informative can the next video be on how one can file their own ITR, it would be great Just a suggestion

[@shivkumarl7954]

Is standard deduction available in new regimen ?? As shown in your video.

[@SivaChidambaram15]

isn't wrong keeping the 3 for every bucket at 6:46? It should be 6 for 5%, 9 to be 10% category, etc..?

[@girishjagdale4011]

Does it mean 16L+ taxable income scenario should go for new tax regime?

[@yuvashreep2187]

This is super useful - thank you!

[@k.ravichandra1049]

Thanks a 1000 ton it really helps a lot.

[@QuipBong]

fantastic video this channel is a goldmine for knowledge ..kudos

[@Zero1byZerodha]

Thank you 🙌

[@niranjanhs3959]

Very nice video to understand better about the taxes

[@shubhamjindal1332]

Need more videos like this

[@BankingBaba]

Standard Deductions is available only from Salary Income. For others its not available

[@im_karthik7]

Your money psychology videos are fantastic! The SUV video really made me think-how did you come up with such a great idea? The calculator was the best part! Kudos to whoever created it. Thanks for the tax video too. It's the most practical and clear video I've seen on a complex topic. All the best, guys! Keep up the great work!

[@prasannakamath9972]

Checkout tax video by labour law advisor

[@Gpsuraj99]

Thank you for ready reckoner Very useful

[@MONEYHONEYOmPrakash]

It is useful . Can u post one excel for this financial year post budget for salaried employees to declare new or old regime

[@vigramsivakumar]

I am so confused some people say EPF is not exempt in new tax regime but you guys mentioned it under exemption. Employer contribution is considered as exemption or not in new tax regime? Please someone clarify the doubt. Thanks a million

[@VinodYADAV-dx5bt]

Employer contribution is Exempt ,,,,but not employee contribution

[@jitendradewangan9485]

We need your teaching skills in our schools.

[@Zero1byZerodha]

❤️❤️

[@ashraf_isb]

thank you so much for this session!

[@manjubhargava647]

Very informative 🙏

[@gaurav3000ad]

Too good! Thanks for this

Can you please update the Google sheet with this year's new changes

[@dineshkrishna5787]

Can you explain how ₹234000 came in new tax regime as taxable and ₹ 211500 as taxable in old tax regime?

[@srinivasan3463]

How much is the standard deductions? 50,000 INR or 75,000 INR???

[@santomy4579]

Should we deduct HRA only if we are on a rented house. Asking since the salary slip shows HRA and I don't live in a rented house

[@jagatbashista]

You can claim deduction only when you're paying rent, to whom it is being paid doesn't matter.

[@Vikraman09]

This type of financial influencer should rise a concern to FM of our nation for this worst kind of tax system..

[@ardhanush5225]

You Guys are Amazing yaar 🎉

[@iamgk91]

Shouldnt we wait for the new actual budget to be updated and then file our ITR

[@meetulmehra]

Thank you for this video

[@kimsu177]

Plz make video on company car lease policy to save tax

[@MrAmbak]

I am a salaried employee of the state government with an overdraft of Rs. 6.5 lakh, which I utilize for IPO and other investments. Upon completion of the investments, I repay the overdraft in the same amount. Would increasing the amount of these transactions potentially affect my Income Tax Return (ITR)?

[@manojpathania]

Sir, I like watching your videos with valuable information. Please guide me in one issue. I'm a central government employee. I get Rs. 800 for a day as traveling allowance. Is this allowance exempted under new tax regime? I get this allowance only for the days i go out of my HQ for duty.

[@ritwikgopi]

But the HRA will not be completely deductible right? It depends on actual paid and some other factor also right?

[@boyfromthemountains]

Yes.

[@Zero1byZerodha]

Hi Your HRA deduction is calculated based on the least of these three amounts: 1. Actual HRA received: The amount of HRA you get from your employer (check your salary slip for this amount). 2. 50% of Basic Salary: For metro cities (Delhi, Mumbai, Chennai, Kolkata) or 40% of Basic Salary for non-metro cities. 3. Rent Paid minus 10% of Basic Salary: The rent you pay minus 10% of your basic salary. For better understanding, consider this example: - Basic Salary: ₹30,000 per month - HRA Received: ₹15,000 per month - Rent Paid: ₹12,000 per month - City: Non-metro Calculation: - Actual HRA Received: ₹15,000 - 40% of Basic Salary: ₹12,000(40% of ₹30,000) - Rent Paid - 10% of Basic Salary: ₹12,000 - ₹3,000 = ₹9,000 The least amount is ₹9,000 per month (₹108,000 per year), which is the deductible HRA amount.

[@ranjithrkp8114]

Top Notch presentation

[@sarathchandrarepaka9595]

Awesome video Super hilarious and informative

[@kaushikganesh6216]

Thanks it was explained well

[@henry7877]

Bro pls make video on choosing ITR for traders and investors

[@jobinsabu2884]

Thank you so much for this video!!

[@yeddusanthoshkumar7103]

Can we shift from the new regime to the old regime

[@manujohn99]

Excellent 👌 👍👍👍

[@Roxor_xR]

Awesome content!

[@jyothibasukalyanapu8697]

Is nps part of new tax regime, I read it is only for the employer contribution not employee.

[@चाकूदेवी-तलवारवाली]

U r correct. Only 80 CCC(B) Applicable in new regime

[@jagatbashista]

That's 80CCD(2)

[@abhilashys864]

Good content. Description has no reckoner. Can you add ?

[@08pkz]

0:13 - Zero1 Team, Does abhishek have a twin? how is he in cabin at 0:12 and standing near the door at 0:13 ? 😁😭❤

[@amitjoshi6166]

lol

[@trijay]

Thanks for making video on my request... please help us in deciding best investments for deductions .. to get maximum tax refund

[@muyeen08]

Isn't it Upto 3L - No Tax 3L to 5L - 10% (So it should be 2L two pocker coins)?? 5L - 10L - 20%??

[@shivamwadhawan816]

Thanks for the video

[@paroxymal7688]

I just got my first job at 3lpa , should I worry about all these tax and stuff? . Am I not poor enough to pay taxes anyways ? 😢

[@salinss7319]

I didn't pay any tax for 3 lpa job...

[@AnanthakrishnanThachilath]

No taxes till 7 LPA

[@paroxymal7688]

​@@AnanthakrishnanThachilath🙏🙏🙏🙏

[@paroxymal7688]

​@@salinss7319they still are taking 200rs for something called "professional tax" 😒

[@Odia_bhaina]

No taxes till 7.5 lakh actually as you can claim 50k standard deduction.

[@dhirenderu1]

You will not get the Employer PF deduction in the New Tax Regime, as mentioned in the video at the 10:15 minute mark.

[@ashutoshjain5115]

Greetings sir Your videos about Financial literacy is amazing. But can you make videos in hindi? All your teaching come in English. It is sometimes very difficult to understand each and everything and it becomes boring too. Please make all your videos in hindi and English. It will be understood by everyone.

[@SD_003]

but NPS 80CCD 50k is not applicable in new regime. Only employer contribution is applicable. Please correct it

[@boyfromthemountains]

Yes

[@siddharthkatharia6405]

If sombody have file tax with new regime, later or next year can he or she switch to old regime ?

[@raghuramk9987]

Yes, for subsequent years.

[@jagatbashista]

As a salaried person, you can choose every year, which regime you like to opt for. But for business and professional 2 times allowed in a life time.

[@fittr]

One of the sticky notes had 15 Lacs 15 lacs. The guy who shoots besides Prateek is like Guthi, please keep him for longer.

[@aakashsawant7535]

Very helpful thanks

[@dominicsebi4108]

Hai sir can you do a vedio on hamster Kombat and game like that.. I think it's a good topic to discuss.

[@mePrafull]

Thank you very much