Check the excel sheet, here: bit.ly/3ve34RK Buy my new book 'MAKE EPIC MONEY' here: www.makeepicmoney.com/ My Money Apps: bit.ly/3Zg56eR My bestselling books: ‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone ‘Do Epic Shit’: ankurwarikoo.com/doepicshit My gear for shooting this video: 🎥 Sony a7III camera: bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: bit.ly/3O1NAVA 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.

@Soulful_Voice.

3 ай бұрын

Sir I don't get 'Make Epic Money'... Ordered in prebook.Plz help..

@dhanmonisarma6972

3 ай бұрын

Excel sheet please

@anubhavsingh3964

3 ай бұрын

Cant find the Excel sheet shown in the video. Is it only me?

@biswajitmoran8189

3 ай бұрын

How about NPS deduction????

@santoshkumarch4583

3 ай бұрын

Where's the spreadsheet sir

Hi Ankur! By profession I m engineer, but some days before I just think about understand income tax calculation, And I m sock by notification of this video, Thank you so much sir! for make this video, because I understand anything explain by you only

Thanks for sharing..I plan to prepare it myself but your excel copy saved my time... Approx 16lac if your taxable salary and 4.25 lac approx u can have as deduction then both break even.. few other things to consider like if u opt for new tax regime then u loose benefit of meal voucher, transport, ltc, fuel reimbursement, telephone etc perks...so do consider it

thank you so much for the calculator. I realise that it takes a lot of effort to compile that. It helped so much in gaining clarity over my decisions.

Very well explained, great learning. Thank you🙏

Thanks for this video my friend. It helped.

Thanks a lot sir, Much appreciated.

You are the best all your videos are really informative and helpful

Ankur, the 80D limit is 75k max if parents are senior citizen otherwise 50k is the maximum limit. In the New Tax Regime, Corporate NPS benefits and Let-out property benefits are given.

@INDConstantine

3 ай бұрын

True I opted for corporate NPS in the new tax regime

thank you so much for the video.

Ankur, in the new tax regime up to 10% of one's basic salary invested by an employer in NPS is non taxable. Given up to 75% of NPS can be in equity, and investments by NPS managers are in Blue chip companies and cost on NPS management is very low, I find this investment pretty good.

Very well explained.

Thank you sir

I am sorry to say that there are few wrong informations given in the video. 1. In Section 80D you can claim upto ₹75000. 2. HRA has an amount limit that can be claimed. It is minimum of (Actual HRA received, 50% of [basic salary + DA] for those living in metro cities, 40% of [basic salary + DA] for those living in non-metros, Actual rent paid - 10% of [basic salary + DA])

@dipanshuagrawal6659

3 ай бұрын

CA watching it from corner

@alishapruthi1960

Ай бұрын

For 80D it is ₹50,000 the max exemption you can claim

Wow loved your visison

Very informative video. Thanks Sir

❤ love the video

Very helpful video sir

There's also employer contribution to epf and nps, which can be availed with new tax regime which further brings the total tax down.

Very helpful video

Looking good sir 💯❤

Ankur, you should include 80CCD 1B that's separately considered in old regime than 80C. It also gives Max returns tbh, with the only catch being lock in period.

As a CA student, I feel like there's a lot of ways to save Tax. This video is just a topic of our 1 chapter in CA Intermediate, but Ankur sir has explained it nicely and conveniently for those who have no idea of Income Tax. You can always ask any CA Final student also, he'll be able to tell a lot of ways to minimise your tax.

@santanubhattacharjee9519

3 ай бұрын

Plzz tell me if my monthly income is 25 k , i need to pay any incm tax ?

@manjit___k18

3 ай бұрын

Pd le bhai May me exam arhe 💀

@manjit___k18

3 ай бұрын

@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income. If your income is upto 7,00,000 you do not have to pay any tax under 115BAC which is default tax regime. You will get the benefit of 87A rebate. So upto 7,00,000 income tax liability does not arise

@manjit___k18

3 ай бұрын

@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income. If your income is upto 7,00,000 you don't have to pay any tax under 115BAC which is default tax regime. You get the benefit of 87A rebate till 7,00,000. So if your yearly income does not exceed 7,00,000 you don't have to pay any tax.

@manjit___k18

3 ай бұрын

@@santanubhattacharjee9519 income tax liability arises on yearly income not on monthly income. If your income is upto 7,00,000 per annum you don't have to pay any tax under 115BAC which is default tax regime. You get the benefit of rebate u/s 87A till 7,00,000. So if your yearly income does not exceed 7,00,000 per annum you don't have to pay any tax.

Thanks Ankur for this informative video

Thanks for the excel sheet. It's very easy to understand and helpful.

Sir, we now know about mutual funds and share market , and investments , thanks to your videos . But please now make a detailed Playlist regarding taxes for youngsters who had just started their jobs 1-2 years back and are now 25-26 So that they can know more about taxes and how can they can pay taxes and save taxes in a legal way . Thanks .

Great❤

Very helpful

Thank u sir

Thanks for this Video I was literally looking for this 😊

Thank you so much Ankur ji

Nicely shared Ankur!

Good explanation

No intros, no subs likes demanding , no Chik chik ads Pure plain Worthy Content. ❤

NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961 is allowed under New Tax Regime under employer's contribution

Nicely explained

Very good

Superb sirji

Thanks for clearing my doubts. You are the best

Thank you Sir❤

Great video Sir🔥

Super sir❤❤

Yes, most of the doubts are clear, Thanks!

Thanks

Thank you so much sir for all the information. Aap toh hamare yaha ke seniors se bhi acha sikhate ho. Btw, can u please consider making vidoes on Foreign exchange transactions. Working capital, informarion about treasuries, types of markets also. PLease. Just a humble request

Thank you brilliant video well explained and much needed

Thank Ankur for the detail info, but if you please make a video on demonstrating the same from incomeTax portal, that will be more helpful

सर आपने बहुत ही सरल तरीके से समझाया. धन्यवाद. 🙏🙏 सर अभी मेरे individual ki file मे इंटरेस्ट और रेंट इनकम है. क्या मै old regime se new regime कितनी बार chenge kar sakta hu ya nahi. 🙏

One of the best video sir..Always give value to the subscribers time💐👍

Sir dividend income se related taxation k baare me bta dijiye plz

Thank you Sir, this was very helpful and many doubts got cleared. 😊

Sir , please make a video on the informal economy in India and its impact on different classes of people. Thank You !

Tax Kaise bhare us par video banaiye sir please

Home loan interest is available for deduction in new tax regime.

Thank you for the clarity.please share the excel sheet.

Well, there are deductions available in the new tax regime as well.

Hi ! Can you make a video on ELSS funds for investment purpose for long time ?

I think Deduction for employer’s contribution to NPS account [Section 80CCD(2)] is there as deduction for new tax regime.

Sir , just a suggestion from my side. It would be very helpful if you can explain how much amount (which wont be taxed by the government) can our parents transfer into your bank account. (i have heard somewhere that we dont need to pay tax on the money which is transferred in our bank account by our parents) .Some youtubers have tried to explain it but it was not very helpful. I hope many people are waiting for a video on this topic.

i think 15lakh plus income segment keliye old regime accha hai with deductions

Plz share for professionals also

NPS employer deduction under 80ccd(2) is there in the new regime. I know it won't make much of a difference but I think you forgot to mention it in the video.

Thank you sir I’m doing startup buss in service industry I want to learn more about taxes & gst , have you doing any tranning sessions for this ?

Under the new tax regime, a deduction u/s 80CCD(2) contribution made by the employer towards the NPS can be claimed.

Ye kuch nya video tha ❤

How to compute Taxable income? Is it the entire CTC or the income computed by the company in Form 16?

Hi please help us understand amc sip vs normal sip, which is better

Can you do a video on tax calculation if you draw part salary and part consultant compensation from the same company every month with an excel sheet?

7:21 pe aapne badiya aapna speech balance kiya sir😁

Ankur, Please make a video on self realisation. As a bachelor life and getting into family goals ,needs keep changing. Many times a person feels he is happy in this daily routine. But the person out of the box can see there is no financial planning nor financial security. I think you can express this point more effectively in this youth. Thankyou in advance 😊

But the real problem Ankur is that employees with higher packages won't get relief anywhere. In the new regime there is not much that you can save (as you have shown in one of the examples) and the old regime can benefit you if you are ready to scatter your money in various components for deductions. If a person dont want to lock their money for ppf/elss/etc and dont want to take education or vehicle loan then they have to pay hefty taxes 😔 and the most painful thing is, most of the income taxes are being paid by working professionals or employees. What about a roadside vendor who earns thousands on daily basis or multi million businessmen who find ways to save their taxes 😞

ankur dada pls make one video on how divert money from tax deduction

You dint cover NPS under 80CCD(2) which comes under deductions in new regime also.

To save tax you must have... As a student I have to think before twice before having chai with friends 😂😂

Sir, at 8:45, regarding housing loan in 80C, we can mention principal amount and also 24c interest paid as well. You mean we can add both. Say I pay 20k emi per month, that means 20k*12=240000, so in this case interest upto 2 lacs and principal whatever I paid both can be mentioned. Pls reply. Also anyone who knows about it please reply

Sir, New tax regime par interest earning on FD, TD, aur dividend par kitna % tax pay karna parega? As per ones slabs or what?

Please make vedio on tata aia param ramshak term insurance policy

Sir, One question from Can we take deduction if we invested in NPS(National Pension System) is New Tax regime ? Rs.50,000 in NPS (Tier I account)

Sir loan wali bitly sheet ka link work nahi kar raha hai old videos mai

Hi Ankur, I am currently at 40 age. You have mostly share the investment and retirement options for the 20s & 30s. Can you please share all investment options for to start at the age of 40s please..??

Very informative video.. I need the link for calculation and can’t find the link anywhere. Could you please provide the tax calculator excel link here

hi Ankur.. i think home loan interest for rented property is eligible for exemption in New tax regime. Please confirm

Please share this Excel sheet............Thank You

Does medical insurance cover term plan premiums as well sir?

Please do include NPS as well for additional 50k deduction under section 80CCD and also employer exemption under new tax slab for NPS.

@manojchaudhary9504

3 ай бұрын

Conveyance allowance is also exempted in new tax regime

Sir if by default I’m in new tax regime by my company can I change it to old tax regime while filing ITR this year?

Sir, after investing some amount in equity already, for tax saving and long term point of view, should i invest in PPF or ELSS?

Sir,exemptions too should have been explained along with deductions because for many taxpayers exemptions too is a confusing part

Hi sir, life insurance premiums are also considered under 80d?

@Warikoo How to download the excel sheet?

Where to find the link to the google sheet?

This is wonderful video. Very clear explanation Sir 👍 Will you please consider creating similar calculations video for 44AD and 44ADA schemes? That will be very very helpful for many people out there.

when to choose the tax regime ..By default which tax regime is used

Please attach excel sheet of new and old regime calculations 😊

If total interest paid for home loan for a fiscal year is 2L then can both husband and wife can claim 2L tax benefit each? Pls answer

I think you have forgotten to include standard deductions on Old tax regime or merged it with investment + standard deduction ;and that 50k under new tax regime col C7 isn't investment but standard deduction. However it's not mentioned anywhere. Please update your content and Excel.

Round shape frame glasses will suit your face more than the rectangular frame considering your square shape face.

Hi Warikoo, Ur calculation needs correction. NPS CCD(2) & EPF can be availed in new tax regime. Also we need to consider HRA in new tax regime, whereas it can be claimed as exemption in old tax regime, therefore income amount will be different in both regimes.

Thank You Sir

Dear sir , ek lower/middle class ka ladka/ladki jab earn karna suru karta hai tab uska pura family uska uper dependent rehta hai . Bhai/Behen ki shadi, khud ki shadi, bhai/behen ki padhai, aise bahat jaroorat Jo sirf personal loan se poora ho sakta hai. Usko 14-18% interest Dena padta hai. Aur government tax katne me koi kasar nehi chhodta 😢