It's a video immediately after budget. He is telling he will give detailed video later after getting full details. Who the hell is disliked this video.. Tax Guru.. you have done a nice job. Keep it up..

@TaxGuruJi

4 жыл бұрын

You are welcome sasi ji and thanks for your support

@kuldeep4yt

4 жыл бұрын

I will say it is just to get more views by posting video before anyone else. If you dont have detailed information then why posting video soon. It will just create confusion in public.

@kshitijpeter

4 жыл бұрын

And still....click bait

Income Tax in Budget on a lighter note: Masala Dosa price slashed from Rs 50 to Rs 40 !!!! But from now, there will be no chutney. Those who want chutney can buy it separately for just Rs 15 along with the 40 rupees Dosa. The best part about this move is that it simplifies the whole process and provides flexibility to customers. Earlier, even those who ate only dosa without chutney had to pay Rs 50, but now they can eat only dosa for 40. Note - Sambhar will be charged extra 😜

@Patience06111

4 жыл бұрын

Cleverly budgetis like Marsala dosa

@mayurnag5324

4 жыл бұрын

For all those who have liked this msg and for those who are against the new tax slabs. Please note that the old tax slabs and deductions remains unchanged and the new slabs are optional only if its benefiting you. In your terms you can still have a dosa and chutney for 50 rs only and if you don't like chutney you have an option to save 10rs on chutney. Please analyse before you post something stupid.

I have started filing ITR on my own because of you only. Sadhanyawaad 🙏

@TaxGuruJi

4 жыл бұрын

You are welcome and I am really glad I could help. Stay connected

@awesomejyotsingh9317

4 жыл бұрын

How it is possible,plz tell me, I also want to file my ITR by myself

@TheCommentrator

4 жыл бұрын

@@awesomejyotsingh9317 There is a video uploaded by this channel for that. Please follow that. Step by step instructions with live screen illustrations are there.

@awesomejyotsingh9317

4 жыл бұрын

@@TheCommentrator Thanks! I am new subscriber of this channel.I will find that video. Thanks for response.

@TheCommentrator

4 жыл бұрын

@@awesomejyotsingh9317 kzread.info/dash/bejne/lo5h28ufk7fApdo.html

Thanks for giving immidiate video sir...I am sure it your next video every doubt will be clear.

@TaxGuruJi

4 жыл бұрын

You are welcome Shubham and definitely I will try my best

Do you have full list of available of deductions/exemptions still available under new tax regime?

Hi Bro, What is the impact or benefits on the EPF and also 15G? Thanks!

@TaxGuruJi

4 жыл бұрын

Dinesh ji I will upload a detailed video on tax calculation covering all the aspects by tomorrow morning

Thank you for your unique information, your channel is better then other

@TaxGuruJi

4 жыл бұрын

You are welcome Manish ji. Kindly subscribe and share

Your voice is so nice and clear.😊

@TaxGuruJi

4 жыл бұрын

Thanks a lot Manvva

Thanks for this quick summary 😊 Eagerly waiting for the next video on this...

@TaxGuruJi

4 жыл бұрын

You are welcome Tushar ji and I will update as soon as possible

@tusharkaore

4 жыл бұрын

I want highlight one point with my limited financial knowledge : While comparing new slabs, we should also consider the interest which we used to gain from savings done under section 80C and other instruments.

@TaxGuruJi

4 жыл бұрын

Tushar ji I will try my best to explain

Thank you for this video !

@TaxGuruJi

4 жыл бұрын

thanks a lot Mayur ji

Thank you Sir. 🙏🏻😊

@TaxGuruJi

4 жыл бұрын

You are welcome Sakshi

Waiting for your next video for details analysis.... keep it up..

Budget in a nutshell: Masala Dosa price slashed from Rs 50 to Rs 40 !!!! But from now, there will be no chutney. Those who want chutney can buy it separately for just Rs 15 along with the 40 rupees Dosa. The best part about this move is that it simplifies the whole process and provides flexibility to customers. Earlier, even those who ate only dosa without chutney had to pay Rs 50, but now they can eat only dosa for 40. Win-win situation for everybody. 😆

Rebate is also only given to people whose income is 5 lakh or below 5 lakh sir.

Very disappointing budget.... peoples who like investment for their future, are in loss. Mla n mps enjoying old pension schemes and tax exemptions. What a joke to common peoples

@TaxGuruJi

4 жыл бұрын

Vikram ji I will upload a detailed video covering all the aspects by tomorrow morning

@pradeeprao2520

4 жыл бұрын

No this is concentrated to benefit low income individuals.

@sameerjaan683

4 жыл бұрын

Hahaha

@bhanumurthy6425

4 жыл бұрын

Sir Plz reply to this que. Iam from andhra prades... My que is Example::: as per new dicgc rule If ram has 10lakh rupees. If he deposit 5lak in sbi and another 5lak i. Andhra bank If both banks are closed permanently... Then how much amount ram get as per dicgc new rule of 5lak insurance limit? Is he get totally 10lakhs from both banks of sbi and andhra bank. Or only he get 5lak of insurance amount... With out considering all bamks? I hope u understand my que Plz reply boss with example

@Facts-nt9bg

4 жыл бұрын

@@TaxGuruJi y u have not upload a detailed video yet? I'm waiting fr it

Very helpful video sir, thank you

@TaxGuruJi

4 жыл бұрын

You are welcome shripal

Is deduction under section 80 ccd 1 b will be available in new tax regime

DDT abolition comes into effect from today?? and companies which r abt to pay dividend and have announced, will they benefit from it or not??

आपका वीडियो मैं अपने डाउट क्लियर के चक्कर में बहुत बार देख चुका जिससे बहुत हद तक मेरे डाउट क्लियर हुए हैं मैं काफी सराहना करता हूं आपके इस कदम काबहुत ही बेहतरीन तरीके से समझाते हैं और नेक्स्ट वीडियो जिसमें सारी बजट से समझ जो भी खामियां हैं आप बताओगे इंतजार रहेगा

@TaxGuruJi

4 жыл бұрын

Thanks a lot Abhay ji. Kal morning me upload ho jayega income tax calculation ka detailed video

Most awaited video from.you sir..thank you so much

Sir mera ek question hai. Ek senior Citizen jisne first time itr file kya ho AY 2019-20 mai but is financial year mai uski uncome NILL slab mai ho tab is case mai kya karna hoga.

Agr saving account me 3 lakh one time deposit kiye to taega kya sir ?

sir office jo tds katleta he usme kya kare??q ki mera 80c me 1.5 lakh ka deduction ata he me new regime me jau ya purane me rahu??

Please clarify the taxable income limit for filing I T returns manually

@TaxGuruJi

4 жыл бұрын

There is no concept of manual returns now a days. You need to file it online

Person who owns house UpTo less than 100 sq yards should he must pay tax acc to d new norms proposed in new budget???

@TaxGuruJi

4 жыл бұрын

Navya this information is totally wrong. Its an option available for everyone without any condition

In case of state govt employees will professional tax be exempted in New tax regime?

Thanks. Waiting for next video 👍

@TaxGuruJi

4 жыл бұрын

I will update soon

Hi Sir, I am salaried IT employee without knowing have selected new tax regime FY20-21 in Jan 22 2020 .Is it possible to change from new tax to old tax regime before ITR filing. And also FY21-22 again I will get option to select either new or old tax regime right

kya main 2020 me new regime ke hisaab se ITR File kar sakta hun? please reply.

Sir what you mean by selection of option?? Is there any option to use old tax slab???

@TaxGuruJi

4 жыл бұрын

Yes sir new tax slabs are optional

Sir The expenses incurred for training purposes like flight ticket and halting allowance at the place of training. The expenses incurred during transfer ie transportation cost. How to deal with these expenses. These were reimbursed. But expenses are showing in 26AS organization is paying every thing but because of these I fall under higher tax slab.

Thanks for the explanation, please let us know when can we expect the next video, eagerly waiting for your video.

@TaxGuruJi

4 жыл бұрын

You are welcome. I will upload detailed video tomorrow in the morning

@commonman8541

4 жыл бұрын

@@TaxGuruJi thanks sir

@TaxGuruJi

4 жыл бұрын

You are welcome

This budget will give you benefits because your subscription will rise. I am such one . U got yourself a new subscriber due to this complicated tax slabs

The 2020 budget eliminates concessions of one and a half lakhs in 80 CC which you are getting now (LIC, 5 year tax FD etc which you save now), which would result in a loss of Rs 30,000 for those earning over Rs 10 lakh in 80CC, but the new tax slab could save you close to Rs 30,000 on tax (due to reduced tax bracket). Then there is no big change in paying income tax (saving 30K in new bracket and loosing 30K due to removal of 80CC). Only advantage is that you don't have to invest in FD / LIC to gain 80CC benefits (ie Rs 1.5 lakhs which can be used for something else.)

@TaxGuruJi

4 жыл бұрын

Sir, I will upload a detailed video covering all the aspects by tomorrow morning

What is our yearly savings in 2020..

Thanks sirji...!

@TaxGuruJi

4 жыл бұрын

You are welcome Niranjan ji

Good Explanation ....... I am very grateful

@TaxGuruJi

4 жыл бұрын

thanks a lot

I am the opinion that for individual below 60 years there is no tax upto Rs250000/- and for individuals between 60 years and 80 years , no tax upto Rs300000/- and for over 80 years no tax upto Rs500000/- as hitherto in existing regime. But I have not found specifically mentioned anywhere for the two latter categories. Will you please confirm/clarify ?

Hi, Pls make an updated video on 80C deduction and new tax slaps. Do we can claim for 80C dedication and come under new tax slaps ?

@TaxGuruJi

4 жыл бұрын

Will cover this topic in future vidoes

Gud work, thanks.

@TaxGuruJi

4 жыл бұрын

welcome

Dear sir. ek ques.h Agar hm har sal tax dete h to phir agle sal tax usi sal ki income pr tax lgega ya phir pichli sal ki income pr bi tax sath lagega jo ki hm us sal diye the.????

Thanks Sir, This video has cleared my doubt that there is optional for taxation rates ..! Please explain briefly on each aspects with tax slabs similar to your previous video which was done fy 2019-20.Thanks and God bless you🙏

@TaxGuruJi

4 жыл бұрын

I will update soon

Plz explain about the opting system in the next video. I was not aware that u can choose a taxation system.

@TaxGuruJi

4 жыл бұрын

Abhishek ji I will upload a detailed video on tax calculation covering all the aspects by tomorrow morning

@gobeyondsyllabus

4 жыл бұрын

@@TaxGuruJi have you already uploaded video? Can you share the link?

Hi, do we still get exemption on EPF amount under new tax slab?

@TaxGuruJi

4 жыл бұрын

No 80C is not available

What about other sections home loan rebates and all.

Sir tax take home pe lagta hai,,ya ctc per,, agar ctc 7.5 hai but take home annual 6.5 hai

Is it possible to make a short video on this new scenario, how we should plan to income tax? Thanks in advance.

@TaxGuruJi

4 жыл бұрын

I will update through separate video

If Deduction under 80U for handicapped in new rates is available or not,,,sir?

Kaash aap mujhe degree ke waqt Income Tax subject padathe. I watched your video on Budget 19-20. Ab jaakar mujhe samajh main aaya yeh upto 5 lakhs no tax ka kya chakkar hai. Sach main aap Guruji hai. Guru dakshina ke roop main, main aapke channel ko subscribe kar di 😀😀😀

@TaxGuruJi

4 жыл бұрын

You are welcome Kalpana and I am glad this video helped. Kindly share this channel

Bahut achi aur samajhne jaisi jankari aapne di h sir

The way of explaining your's is too good and easy to get it.

@TaxGuruJi

4 жыл бұрын

thanks

@bhanumurthy6425

4 жыл бұрын

Sir Plz reply to this que. Iam from andhra prades... My que is Example::: as per new dicgc rule If ram has 10lakh rupees. If he deposit 5lak in sbi and another 5lak i. Andhra bank If both banks are closed permanently... Then how much amount ram get as per dicgc new rule of 5lak insurance limit? Is he get totally 10lakhs from both banks of sbi and andhra bank. Or only he get 5lak of insurance amount... With out considering all bamks? I hope u understand my que Plz reply boss with example

@er.soorajverma6890

4 жыл бұрын

@@bhanumurthy6425 He will get whole amount (5 L from Sbi& 5 L from Ab) from Banks.

@bhanumurthy6425

4 жыл бұрын

@@er.soorajverma6890 Are you sure? Is both banks insured separately? If i invest my 9 lakhs in 3 different banks (3lakhs each) instead of one bank is 100 % safe right?

@er.soorajverma6890

4 жыл бұрын

@@bhanumurthy6425 yes.. Don't worry.. your money will be safe.

What if we pay taxes by new taxes this year. But next year we want to file by old method

The way of explanation about tax is very easy to understand..Tanx guru ji

@TaxGuruJi

4 жыл бұрын

You are welcome Deewan ji. Stay connected

Best finance explainer ever You're far better than so called economics

@TaxGuruJi

4 жыл бұрын

Thanks a lot Aakash ji and I am glad to hear. Kindly subscribe and share this channel

@akashlenka3213

4 жыл бұрын

@@TaxGuruJi subscribed Bell icon pressed Voodoo shared Jai hind

@TaxGuruJi

4 жыл бұрын

thanks a lot

Should I have to file ITR if my income is less than 2.5 lacs? If yes, the which ITR? Plz, must reply.

@TaxGuruJi

4 жыл бұрын

Rahul ji watch this video to understand kzread.info/dash/bejne/epmem5axfs2vhco.html

Sir, apne bahot ache se details samjhate ho, apka vdo dekhne k bad koi confusion nehi rahta, ap aisa vdo banate raihe. Or ek rqst ki jab new slab rate me Konsa deduction eligible hai or konsa nehi hai iske bare me aur ek vdo chaiye. Thank you tax guru ji

@TaxGuruJi

4 жыл бұрын

You are welcome Tubai ji. Tax calculation ka detailed video jaldi hi upload hoga channel par

@tubaidas1336

4 жыл бұрын

Ok sir waiting for new video.

@TaxGuruJi

4 жыл бұрын

sure I will update as soon as possible

Ye 1 Lac se 5 Lac jo huwa hai ye sirf govt Bank k liye hai ya ye niyam Pvt Bank par v lagu hota hai jaise ICICI HDFC Axis ?

hi sir I have joined in new it cimpany on Jan 8 th 2020 somehow without knowing have selected new tax regime for this financial year. And FY21 22 again I will get chance to select either old or new tax regime from April 2021

Sir mujhe ye btaye agr mre account me under 1year deposit hua chahe koi medium ho . Eg ..mra income ho ya ksi other source under 5lakh to uspe tax lagega ya Jo save ho uspe lagega.. Means money time having deposit and withdraw continue for many reasons it's means we pay tax either only left of my account .. balance ya according total deposit money .. Please reply sir ..

NPS employer contributions bhi taxable hai kya new slabs me?

@TaxGuruJi

4 жыл бұрын

Sir I will update a detailed video with a proper analysis

Good efforts, kindly clear doubts.

good job! Just few hours after the annoncement

@TaxGuruJi

4 жыл бұрын

Thanks a lot Rajendra ji. Detailed video will be available soon

@rajendrarajguru5487

4 жыл бұрын

@@TaxGuruJi I am waiting for that...all the best

@TaxGuruJi

4 жыл бұрын

Thanks a lot. I will update by tomorrow morning

@bhanumurthy6425

4 жыл бұрын

Sir Plz reply to this que. Iam from andhra prades... My que is Example::: as per new dicgc rule If ram has 10lakh rupees. If he deposit 5lak in sbi and another 5lak i. Andhra bank If both banks are closed permanently... Then how much amount ram get as per dicgc new rule of 5lak insurance limit? Is he get totally 10lakhs from both banks of sbi and andhra bank. Or only he get 5lak of insurance amount... With out considering all bamks? I hope u understand my que Plz reply boss with example

Waiting for detailed video sir..

@TaxGuruJi

4 жыл бұрын

Sure Upen I will update soon

Sir ,plz solve my problem , fd ka interest 260000 hain , uske alawa koi income nhi, to fir tax lagega kya ?aur kitna? aur Rebate milega kya?

@TaxGuruJi

4 жыл бұрын

Ravi tax aapki total income par lagata hai saare source ki income ko milakar

From my point of view... If it's all about better option then why they keep the older one. Mujhe ye to marketing jaisa lag raha hai... Kisi bhi option baat same hi rahega.

@TaxGuruJi

4 жыл бұрын

Ratikanta ji is par ek detail video mil jayega channel par

One suggestion if u are using Excel and presenting the same in video, then disabling gridlines from view menu will make it look good, if borders are provided.

Subse fast updet he sir aap ka

@TaxGuruJi

4 жыл бұрын

Thanks Arjun

Thank you for the information, and I will be waiting for the next video. But I have one question regarding surcharges which was applicable for 50 lakhs and above - 10% and for 1 crore above - 15%. Whether this has also been changed or any update on how it will be calculated. Please could you explain on this.

@TaxGuruJi

4 жыл бұрын

You are welcome Manjunath ji. I will upload detailed video as soon as possible and as per my understanding, there is no change in the surcharge.

@manjunathchikkannavar4279

4 жыл бұрын

@@TaxGuruJi Thank you

@TaxGuruJi

4 жыл бұрын

You are welcome

Which financial year this is applicable??

@TaxGuruJi

4 жыл бұрын

Ashvin ji financial year 2020-21

Jo tax deduction remove kre Hain wo new tax slabs pr applicable hai ya old par bhi h .mtlb dono pr applicable h ya new PR???

@TaxGuruJi

4 жыл бұрын

Vikalp ji I will upload a detailed video on tax calculation covering all the aspects by tomorrow morning

@vikalpbhardwaj7228

4 жыл бұрын

@@TaxGuruJi ok sir

@TaxGuruJi

4 жыл бұрын

Okay

Very nice. Can you confirm if HRA Exemption will be permitted?

@TaxGuruJi

4 жыл бұрын

Roshan ji I will upload a detailed video on tax calculation covering all the aspects by tomorrow morning

Jaise aapne ye video banaya waise aap corporate tax kaise calculate karte hai uska video bana denge aapka samjane ka tarika bhot acha hai turant samjmain ata hai 😊👍🏻

Sir, I think in the new regime also the tax exemption limit for super senior, senior and others remain as Rs 5/3/2.5 Lacs. Am I correct, Sir?

@TaxGuruJi

4 жыл бұрын

Yes

@sankaranarayanantp2489

4 жыл бұрын

@@TaxGuruJi Thank you very much.

@TaxGuruJi

4 жыл бұрын

welcome

Ek Saving account per kitina Transaction limit he aur Upi transaction per bhi tax lagta he kya sir...aur upi transaction jaydha huye to uspe kya rule hekya.. Sir plz give information..

Goods information sir aisi hi financial video late raho thanks

@TaxGuruJi

4 жыл бұрын

welcome

How are you getting a benefit of 75k in the last line when there is no change in the slab?

@TaxGuruJi

4 жыл бұрын

Nisheeth ji you should understand how tax slab works then only you will be able to understand the concept

@mohammadfaisal2130

4 жыл бұрын

The cumulative is 75000 for 12.50 - 15 Lacs. For 15 Lacs onwards it's 0, hence cumulative is zero

Sir, pls guide us on rebate for new regime...when n how it will b calculated.

If someone have 7 LPA ctc how much monthly tax will be deduct ?

Ye bank deposit amount ki insured amount 5 lakh hui hai wo kab se lagu hogi agar is sal hamara paisa 1 lakh se jayafs hai to wo cover hoga

Guruji, please help me with 2 questions regarding income tax - i left my job in sep 2016 and while i was working i missed the tax declaration in yhe month of April 2016 so 66k was deducted that month and later 2or3 k per month till aug 2016 . So can you tell.am.i eligible to get some.refund for that and i did not get the income, based on yhe deduction done intitially, plus i have the exemptions too loan principal and interest ..do let me.know. And one more question - i did not work since 2016 so can i take any benefit of the interest paid on home.loan.during that period , once i join a new company .. thanks

@TaxGuruJi

4 жыл бұрын

Not possible to claim the refund pertaining to the year 2016-17 in any case

@ll7749

4 жыл бұрын

@@TaxGuruJi thnks a lot,

@ll7749

4 жыл бұрын

@@TaxGuruJi just one more thing, i m going to rejoin now after a span of three years, am i supposed to.do.something in terms of tax or some doc submission for these previous 3 years where i did not work..

@TaxGuruJi

4 жыл бұрын

Nothing to be done just file itr and pay tax as per your income

As always, a very nice and elucidating video & that too with such immediacy! Great Job! 👍

@TaxGuruJi

4 жыл бұрын

Thanks a lot Jitendra ji. Stay connected

this step is taken to increase the GDP by encourage spending. Till now govt encourage savings. still higher income slab can save in 80c with new regime slab will be better as the tax will be less with savings.

Senior citizens ko kya benift h?

new tax slab me HRA me discount hai ya nhi

Sir, if total annual salary is more than 15 lakhs is these new slabs applicable?

@TaxGuruJi

4 жыл бұрын

Its optional

Nicely explained the basic part.. Please make a another video once Govt clarify the exemption part.. So far i understand if we let go the exemption we need to pay more tax who are in higher income group and has savings and house loan.

Status of 80TTA AND 80 TTB IN NEW TAX REGIME?

@TaxGuruJi

4 жыл бұрын

I will update through separate video

Awesome and clear video! Better than all news channels.

@TaxGuruJi

4 жыл бұрын

Thanks a lot sir. I have written the note on bottom regarding cess

@financelivingindia6681

4 жыл бұрын

@@TaxGuruJi sorry, i missed it!

@TaxGuruJi

4 жыл бұрын

Not an issue

What is rebate of Rs 12500 u/s 87A?

Will rebate of rs.12500 u/s 87A will continue or not..........

Is the 87A rebate removed in new budget or it is there ?

@TaxGuruJi

4 жыл бұрын

It is there in the new system also I have mentioned in the video itself.

As per new tax rate 20%, How 62,500 benefit for tax slab 10lac~12.5lac?? It should be 50,000 right.?

@TaxGuruJi

4 жыл бұрын

Arjun ji you should understand how tax slab works.

Sir, For example my salary is between 2-5Lakhs, so...what is REBATE of RS= 12500 u/s 87A, please explain me

Wow, nice information sir 👏👏.

@TaxGuruJi

2 жыл бұрын

Thanks and welcome

Naye video ka intezaar hai

@TaxGuruJi

4 жыл бұрын

Ravindra ji kal morning tak upload ho jayega tax calculation ka detailed video

If i recieved 20lakhs from uk in my account then tax applied on it or not pls rply

Sir Nye badget ya purane budget dono me khon SA aashan hai

@TaxGuruJi

4 жыл бұрын

Indresh ji is par ek detailed video mil jayega income tax calculations ka

I inspired your vedio and could you understand fill process to itr 4 form

Sir mera CTC :4.8 lacks .....Per annum. So mera 5% tax cut hoga?

Dear sir, we will be waiting for the further video on Income Tax in detail. Sir, regarding the Bank Account insurance now it has been changed but who will bear the insurance cost!!! Its a big question!!!

@TaxGuruJi

4 жыл бұрын

Amardeep ji I will update as soon as possible and as per my understanding there will not be any extra cost on account holders

@chahal.AmardeepSingh

4 жыл бұрын

@@TaxGuruJi I really appreciate your positive reply sir. Thank you.