How to calculate Income Tax in Old Tax Regime | வருமான வரி கணக்கிடுவது எப்படி? Income tax simplified
How to calculate income tax in Old Tax Regime
5 Steps to calculate income tax
1. Identify income sources
2. Calculate exemptions and deductions
3. Calculate Net Taxable income
4. Calculate Tax as per tax slabs
5. Finalize tax - apply CESS, Surcharge, Rebate
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)
docs.google.com/spreadsheets/...
Know about FORM 16 - • Everything about Form ...
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
How to read your Payslip - • Understand your PAY-SL...
Difference between CTC vs Gross vs Net Pay - • Why In-Hand Salary is ...
HRA exemption - • How to calculate House...
Penalty on Late payment of Income tax - • High interest rate on ...
HRA exemption - • How to calculate House...
Important documents need to file Income Tax Returns - • 5 IMPORTANT DOCUMENTS ...
Why do you need to file IT - • WHY SHOULD YOU FILE IN...
Complete details on 80C: • Section-80Cஇல் 14 வழிக...
EPF in Tamil: • Employee Provident Fun...
PPF in Tamil: • Public Provident Fund ...
NPS in Tamil: • NPS is Tamil | Nationa...
ULIP/LIC & money back plans: • What is ULIP and Guara...
ELSS: • ELSS - Equity Linked S...
Sukanya Samriddhi Yogana: • Sukanya Samriddhi Yoja...
Comparison of 80C: • Section 80C Comparis...
Пікірлер: 80
Being an IT payer since long time I didn't know these concepts . I was eager to understand these tax concepts. Finally I understood this important topic through your video. Well explained. Thank You👍
ரொம்ப நன்றி சார் ❤
Thank you so much super explain
Highly informative and well explained like a good teacher...Thanks a lot...
Excellent explanation sir , thank you so much for your support,
Really crystal clear explanation sir. Thank you so much 🙏🎉🎉🎉
Great 🎉🎉
Tanks to explain
Clear explanation brother thank you 😉
Awesome 🙏🙏🙏
Excellent comparison sir, thanks a lot
Sir Excellent teaching skill ❤❤❤
Thank you sir 🙏
Highly informative and well explained like a good teacher
@thinkingtamizha007 Please make video on long & short term capital & gains calculating Workings
Thank you so much sir, If you make a video for the Income tax rule for the NRI holder turning in to the Indian, really appreciate
Please post a video about term life insurance🙏
Very clear explanation. Kudos 👏👏👏👏. Need video of this continuation by paying the ramesh & suresh tax in income tax portal. How to calculate salary TDS deduction in final calculation.
@thinkingtamizha007
6 ай бұрын
Video on TDS calculation already there in our channel. Check description of this video for links.
Thanks Thaliva Can you tell me, NRI is must to file an Income Tax, because am NRI and I am holding stocks in stock market. Please make a video on this thanks in advance
60 வயதுக்கு மேற்பட்ட நபர் தனது பெயரில் SCSs post officeஇல் போட்டால் , 8.2 % interest க்கு இன்கம்டாக்ஸ் உண்டு
Why NPS is not allowed in new tax regime..? As per budget 2023 Standard deduction and NPS (Employer contribution) is allowed in new tax regime.
For calculating. Gross income from pay slip what are the dues is calculated Pay , DA , HRA , Medical Allowance , conveyance allowance, sumptuary allowance…all are should be calculated or not
Hi Bro. how to calculate previous years' STCL.
Hi Sir Can you give video about tax Tax-free perquisites
In your excel document, do we need to add our graduity amount as gross total income ?
Sir , In my salary my employer is not paying LTA separately.... Shall I claim deduction for LTA
Sir. I didn't fill ITR in the past years because i have losses only including options loss this year also heavy losses in options suppose i try to fill this year can i include previous year option losses is it's possible? Please explain..
Sir put video for crypto tax
Lta pathi podavey illaye brother, where need to update in excel calculator excel?
If I click ur link directly open the Google Chrome Google sheet. Google sheets not showing the download option.. please guide me
80ccd2 sec new tax regime சேர்க்கலாமா...🙏
I am retired in March 23 from PSU Govt. Service. After IT return filing in July 23, my Management has deducted Jan to March cafeteria amount Rs.68000/- and for which 30% TDS also already deducted before March 23 just before my retirement. This Rs.68000/- was paid back to my company enable to sanction Pension for me. How to get back or adjust excess IT paid 30% on Rs.68000/- which was deducted as TDS for FY 2022-23
Hi bro, I have paying house debt loan can I declare for this??
PF/VPF new tax regim 23 - 24 la deduct aghuma sir ?
Please put detailed video for how to apply For PPF and it's limits complete dedicated video for only PPF please
@thinkingtamizha007
6 ай бұрын
Already available in our channel.. pl check
Clear my doubt ji i am eligible for HRA of monthly 2500 so totally i will get 3000/year but my bank provide lease accommodation for my rental house of 5000/month so 6000/year.So bank will not provide 30,000 of HRA in payslip, Do i am eligible for claiming HRA EXEMPTION in old tax regime?? If i am eligible how much? Kindly clarify bro.....
Sir request enoda sors la irunthu 2year ku 40000 rs kattiran sir
Sir any tax applicable for NRI???
In the deduction (Google sheet cell number H6), Shall we directly add children education fees? or will it be included in the 80C only. Kindly clarify
@Ranisri18
2 күн бұрын
80C only
🙏🙏🙏🙏🙏🙏
Any thing missing If i am right under sec 80TTD Interest rebate 10000/ மற்றவை ok and satisfactory
dear sir . iam not woorking company. iam only invest in share market. i have get long team capital gain 450000+ saveing a/c interest 6000 per year. and i have 80C 45000. & 80D 19500. pl send my tax calculation . thanks
Marginal relief in new tax regime unda sir
In the New tax regime we have to submit HRA bill...?
@thinkingtamizha007
6 ай бұрын
HRA exemption is not applicable for New tax regime
@thinking thamiza, I have 2 doubt. 1. Which section gold chit can show for IT. 2. Can i show Land loan in section 80C?
@thinkingtamizha007
4 ай бұрын
No for both.
@Rajnano_vlogm
4 ай бұрын
@@thinkingtamizha007 ok, Thank you
sir 80c and 80d pls explain clearly sir. bcz I am paid the life insurance payment Rs.12000/month. how to calculate in 80c. pls explain sir
@thinkingtamizha007
6 ай бұрын
Already videos available in our channel.. pls watch our income tax playlist
Can avail both HRA and Home Loan, limit, under which section?
@thinkingtamizha007
3 ай бұрын
Yes.. both are different sections.. Explore our channel videos, we have discussed these in detail..
Hi, Naa IT la work pannurean, then freelance um pannurean, freelanceku naa income Tax add pananuma?? then yellam month income varathu 3 month varun then after 2 to 3 month varathu appo naa yeppai calculate pannurathu Please tell me
@thinkingtamizha007
6 ай бұрын
Yes.. you must pay income tax for it.. doesnt matter 1 month or 3 month or 12 months..
Tax calculated old nu video la podu, new tax related video podu erukeka..
@thinkingtamizha007
6 ай бұрын
Enna pa solra..
Bro calculator sheet request access kekuthu
@thinkingtamizha007
3 ай бұрын
Go to files>download as excel
33500 1 year oda tax ah sir
Upto 7 lakh no income tax right
What about source deductions?
@thinkingtamizha007
3 ай бұрын
Do you mean Tds?
health insurance premium section 80D.not 80c
@thinkingtamizha007
3 ай бұрын
Its mentioned as 80D only
Bro, section c and nps clarification venum
@thinkingtamizha007
3 ай бұрын
Already there in our channel. Explore playlists on 80C
Scss applicable for 80C deductions?
@Ranisri18
2 күн бұрын
Yes
Sheet is not working for editing
@thinkingtamizha007
6 ай бұрын
You cant edit.. you need to download..
@gopinath94429
6 ай бұрын
How to download the sheet..not able to download sir
Please make a video on 80ccd 80ccd (1) 80ccd(2) 80ccd 1b
@thinkingtamizha007
6 ай бұрын
Already discussed in our nps video bro
You don't have clarity on gr salary, exemption ,deductions, taxable income etc. in Stead OF RENT PAID YOU MENTIONED HOUSE RENT ALLOWACE. Taxable income arrives after considering exemption and deduction. example 1. pl replace HRA by RENT PAID. HRA will be included in your salary. From taxable income NOTHING CAN BE DEDUCTED. ONLY FROM GRAND SALARY THESE ARE ALLOWED. PL PL DELETE THE VIDEO.
@thinkingtamizha007
2 ай бұрын
Watch the video carefully - its not mentioned as HRA, it is mentioned as ‘HRA exemption’. Note that you wont get exemption on entire rent paid, its on least of HRA, rent paid minus 10% of basic, 40% of basic.. thats what is shown here. There is a difference between gross taxable income and net taxable income..
Hi sir my name is mohankumarmathi