Income Tax (Tamil) | New Tax Regime Vs Old Tax Regime | Which one is better? | Budget 2023

Budget 2023
New Tax Regime Vs Old Tax Regime: Which one is better?
Currently, there are two income tax regimes from which a salaried individual has to choose one every year. The old income tax regime continues with existing tax exemptions and deductions. The new income tax regime offers lower income tax rates and more slabs with no option of availing tax exemptions and deductions. The income tax slabs under the new tax regime have been revised from April 1, 2023.
We will see the complete details of both regimes with sample calculations and comparisons in this Tamil video @SM EDUTALK.
For more videos, click the following link to enter the Channel Page: cutt.ly/smedutalk
Follow me on Instagram :
/ sm_edutalk
Make me your friend on Facebook :
/ malligarjunan.s
DISCLAIMER: Everything shared in this video is only for the informational and educational purposes of the viewers. Before putting into practice anything mentioned in this video, Make a decision after seeking information, investigating, researching, or getting an expert opinion, SM EDUTALK IS NOT RESPONSIBLE FOR ANY DECISIONS MADE BY VIEWERS.
Other Videos:
7 ways to reduce income tax with the help of your children (Tamil)| Tax saving schemes
• 7 ways to reduce incom...
5 lakhs Income Tax deduction (Tamil) | Home Loan Tax Benefits
• 5 lakhs Income Tax ded...
How to save tax on House Rent Allowance (Tamil) | Tax exemption on HRA | Step by step illustration
• How to save tax on Hou...
Capital Gain Tax (Tamil) | Questions & Answers - Part 3 | Selling a house or land
• Capital Gain Tax (Tami...
Capital Gain Tax (Tamil) | Questions & Answers - Part 2 | Selling a house or land
• Capital Gain Tax (Tami...
Capital Gain Tax (Tamil) | Questions & Answers - Part 1 | Selling a house or land
• Capital Gain Tax (Tami...
Is it taxable if you sell the house? (Tamil) | Ways to Avoid Taxes | Capital Gain Tax
• Is it taxable if you s...
Why is professional tax deducted from your salary? (Tamil) | Know the facts about professional tax
• Why is professional ta...
Tax saving Fixed Deposit (Tamil): 10 things, you must know | 5 year FD | Tax benefit | Saving scheme
• Tax saving Fixed Depos...
How to pre-validate your bank account to get income tax refund (Tamil) | Online procedure
• How to pre-validate yo...

Пікірлер: 80

  • @prashanthitzme3123
    @prashanthitzme3123 Жыл бұрын

    Mind-blowing Sir. Excellent explanation. Very clear. Thanks a lot Sir.

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    You are most welcome

  • @mohammedriyaz7623
    @mohammedriyaz7623 Жыл бұрын

    This video really answered all my doubts/questions. Thank you so much 😍👍🤝👌

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Glad to hear that💐🙂

  • @aruchamygounder1678
    @aruchamygounder16785 ай бұрын

    Your instructive information has really cleared our confusions,very very useful

  • @SMEDUTALK

    @SMEDUTALK

    5 ай бұрын

    Glad it was helpful!

  • @gowthamsenthil1623
    @gowthamsenthil1623 Жыл бұрын

    Thank you for the clear explanation bronow I understood about the old and new tax regime

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Glad it was helpful!

  • @gopalakrishnan5895
    @gopalakrishnan5895 Жыл бұрын

    This Topic is 👌 🌲 SUGGESTIONS (1) After submitting Budget "நீங்கள் Compare with Old Tax Regime, Old New Tax Regime & Revised New Tax Regime பற்றி தமிழ் மொழியில் புத்தகம் தயார் செய்து அதற்கு ஒரு விலை நிர்ணயம் செய்து விற்பனை செய்தால் நன்றாக இருக்கும். கணக்காளர்கள், தணிக்கையாளர்கள் & வரி செலுத்துவோர் அனைவரும் படித்து பயன் பெறுவார்கள் (2) Deductions & Exemptions என்னவென்று அந்த புத்தகத்தில் விபரமாக சொன்னால் நன்றாக இருக்கும்

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    தங்கள் மேலான கருத்துக்கு மிக்க நன்றி! நான் இந்த துறையில் புத்தகம் எழுதும் அளவுக்கு நிபுணத்துவம் பெற்றவன் அல்ல. எனது அனுபவத்தையும், கற்றறிந்த அறிவையையும் பிறருக்கும் பயன்படட்டும் என்ற நோக்கில் தொடர்ந்து பதிவிட்டு வருகிறேன். தங்களது ஆலோசனைக்கு நன்றி!

  • @ambethkarhasan897
    @ambethkarhasan897 Жыл бұрын

    Thank you for your clear explanation

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    You are welcome!

  • @rthj3825
    @rthj3825 Жыл бұрын

    Awesome.! Very informative. Was very confused and this video is an eye opener. Keep up the good effort.!

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Thanks for your appreciation

  • @aruchamygounder1678
    @aruchamygounder1678 Жыл бұрын

    Thanks.very useful information indeed

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Welcome. Glad it was useful.🙂

  • @aruchamygounder1678
    @aruchamygounder16785 ай бұрын

    Thank you sir,indeed an eloborate detailed,and easily understandable explanation to follow.May god bless you in All.

  • @SMEDUTALK

    @SMEDUTALK

    5 ай бұрын

    Thanks and welcome

  • @kalpanar2592
    @kalpanar2592 Жыл бұрын

    Clear explanation..Thank you so much..

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    You're most welcome🙂💐

  • @akshayavelmurugan8005
    @akshayavelmurugan8005 Жыл бұрын

    Omggg amazing video brother 👏 Thank you so much helped me a lot🙏🏻

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Glad it helped🙂💐

  • @vivekk9408
    @vivekk9408 Жыл бұрын

    Very good information. Thank you

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    My pleasure.

  • @kasthuriappavu1398
    @kasthuriappavu13987 ай бұрын

    Excellent sir thank you so much

  • @SMEDUTALK

    @SMEDUTALK

    7 ай бұрын

    Most welcome

  • @antronyxavierjerosinm3017
    @antronyxavierjerosinm3017 Жыл бұрын

    Super and clear video bro... It's very useful... ❤🎉🤝👍🙌👌

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Thank you so much 🙂

  • @princesathyaseelan.g1871
    @princesathyaseelan.g187111 ай бұрын

    superb bro ...very useful video,,...thankyou

  • @SMEDUTALK

    @SMEDUTALK

    11 ай бұрын

    Welcome 😊

  • @yadhunandhanr7590
    @yadhunandhanr759011 ай бұрын

    உங்கள் தமிழ் இனிமையாக உள்ளது 😄

  • @SMEDUTALK

    @SMEDUTALK

    11 ай бұрын

    மிக்க நன்றி!

  • @rajasekarv3255
    @rajasekarv3255 Жыл бұрын

    All doubt are cleared this video is really useful thank U..

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    You are welcome

  • @venkataramananr7238
    @venkataramananr72385 ай бұрын

    Super Instructions Real Facts Observed

  • @SMEDUTALK

    @SMEDUTALK

    4 ай бұрын

    Glad you liked it

  • @sureshraghu3539
    @sureshraghu3539 Жыл бұрын

    Semya present pannirukinga sir... Super...

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Thanks a lot💐

  • @vijayakumar1980
    @vijayakumar1980 Жыл бұрын

    Very good explanation

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Thanks a lot

  • @mkmeganathan9097
    @mkmeganathan9097 Жыл бұрын

    Most Useful calculation, than you

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Most welcome

  • @satheeshkumar408
    @satheeshkumar408 Жыл бұрын

    Clear explanation

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Glad you think so!

  • @anand10987
    @anand10987 Жыл бұрын

    Thanks

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Welcome

  • @srikanthk266
    @srikanthk266 Жыл бұрын

    Very nice explanation. 👌

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Glad you liked it

  • @srikanthk266

    @srikanthk266

    Жыл бұрын

    @SM EDUTALK Just a small clarification. Is a salaried person can switch any no times between old and new regime. ?,A known auditor who says only once allowed for every one.

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    A salaried person can switch any no times between old and new regime. You can refer the following links; economictimes.indiatimes.com/wealth/tax/how-many-times-can-you-switch-between-new-tax-regime-and-old-tax-regime/articleshow/97552053.cms?from=mdr www.businesstoday.in/personal-finance/ask-money-today/story/can-taxpayers-switch-between-old-and-new-tax-regimes-check-details-369599-2023-02-09

  • @rajasekaran-dc8jf
    @rajasekaran-dc8jf Жыл бұрын

    Good effort brother

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Thanks brother

  • @nalayathan123
    @nalayathan123 Жыл бұрын

    Bro old regmie last year 165k tds.. Lic, Hra, tution fees itheelam kaatiyum ivalo amount tds. Pochu.. Bro.. So new regmie la auditor vaichu return eduka mudiyumaa

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    There are so many options ( other than section 80c ) in old regime. So, you can save some more. Or approach an auditor. He'll decide the suitable regime to you. I suggest you watch these videos to know some tax benefits; 7 ways to reduce income tax with the help of your children (Tamil)| Tax saving schemes kzread.info/dash/bejne/iIpqz8mQhJypc5M.html 5 lakhs Income Tax deduction (Tamil) | Home Loan Tax Benefits kzread.info/dash/bejne/hoCTtNuvmsXehM4.html How to save tax on House Rent Allowance (Tamil) | Tax exemption on HRA | Step by step illustration kzread.info/dash/bejne/c2ydrZpse66ddag.html

  • @SureshReviews
    @SureshReviews9 ай бұрын

    80ccd2la (govt employees cps )new rax regime la salary person deduction kamikkalama

  • @SMEDUTALK

    @SMEDUTALK

    9 ай бұрын

    Employer's contribution to NPS is allowed as a deduction under section 80CCD (2) while computing the employee's total income. However, the amount of deduction cannot exceed 14% of the salary in the case of central government employees and 10% in the case of any other employee.

  • @srikarthicksudha9961
    @srikarthicksudha9961 Жыл бұрын

    Bro in new regime can we show housing loan interest amount up to 2lakhs which was done earlier

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    No, you can't.

  • @natarajanrenganathan2567
    @natarajanrenganathan2567 Жыл бұрын

    What all we can invest or show proof in new regime ?

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    There are no such sections to show our savings in new regime.

  • @shahulhameed1898
    @shahulhameed18985 ай бұрын

    கடைசி வார்த்தைகள் குழப்பமாக உள்ளன. சேவிங்ஸ்போக என்கிறீர்கள். அது எந்த சேவிங்ஸ் போட்டால் gross income லிருந்து கழிக்க முடியும்? இது எந்த செக்சனில் கழிவு செய்யப்படும்?

  • @SMEDUTALK

    @SMEDUTALK

    5 ай бұрын

    Savings என்ற சொல் Income Tax Actல் உள்ள அனைத்து possible sectionsஐயும் (e.g. sections 80C, 80DDB) பயன்படுத்தி உங்களால் அதிகபட்சம் சேமிக்கும் பணத்தைக் குறிக்கிறது.

  • @user-el8lx5ml3m
    @user-el8lx5ml3m8 ай бұрын

    New regium il irunthu old regium iku mara mudiyuma. Salary for IT company

  • @SMEDUTALK

    @SMEDUTALK

    8 ай бұрын

    Yes, an individual can switch between the new tax regime and the old tax regime in every financial year. However, the facility to switch between the new and old tax regimes is available only for those individuals having salaried income and does not have business income.

  • @ramamoorthysarangapani7258
    @ramamoorthysarangapani7258 Жыл бұрын

    I am a super senior citizen having net taxable income including other income exceeds Rs 5lacs. I have to pay addl amount of Rs Rs12500 from 2.5 to 5lacs? Or have to pay tax only for the amount exceeding Rs5 lacs for fy 22-23? There are different version pl clarify namaste namaste namaste

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    For the financial year 2022-2023 (assessment year 2023-2024), the income tax slabs and rates in the old regime for super senior citizens (aged 80 years or above) are as follows: Up to Rs 5 lakh: No tax Rs 5 lakh to Rs 10 lakh: 20% tax on the amount exceeding Rs 5 lakh Above Rs 10 lakh: 30% tax on the amount exceeding Rs 10 lakh Based on this information, if your net taxable income, including other income, exceeds Rs 5 lakh, you would be required to pay tax only on the amount exceeding Rs 5 lakh. Super senior citizens over 80 years of age can avail the benefit of the old and new tax regimes as they have the choice to opt between the two, whichever is more beneficial. I think the old regime is suitable for you. I hope this answer is helpful to you, Sir. Take care.

  • @ramamoorthysarangapani7258

    @ramamoorthysarangapani7258

    Жыл бұрын

    Thank you so sir God bless you

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    @@ramamoorthysarangapani7258 Thanks for your blessings sir

  • @krishna1529
    @krishna1529 Жыл бұрын

    New regime la return file pannum pothu refund vanga chance iruka!! Old regime return file pannuna konjam return varum..

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Returns depend on your savings. If you have savings, you'll get returns in old regime. But, you won't get anything (except section 80 CCD (2)) in new regime.

  • @krishna1529

    @krishna1529

    Жыл бұрын

    @@SMEDUTALK Thank you for your answer.. 👍

  • @charles190668
    @charles1906686 ай бұрын

    Bro, new tax regime ல 50000+2500 Professional tax கழிக்கலாம் தானே

  • @SMEDUTALK

    @SMEDUTALK

    6 ай бұрын

    yes

  • @charles190668

    @charles190668

    6 ай бұрын

    @@SMEDUTALK check again, கழிக்க முடியாது போல

  • @SMEDUTALK

    @SMEDUTALK

    6 ай бұрын

    Yes, you are partially correct. Under the new tax regime, Standard deduction under Section 16(i) is allowed, and House Rent Allowance [Section 10(13A)], Entertainment Allowance [Section 16(ii)], and Professional Tax [Section 16(iii)] are not allowed.

  • @charles190668

    @charles190668

    6 ай бұрын

    @@SMEDUTALK thank you 👍

  • @user-mc5mo2yk8k
    @user-mc5mo2yk8k7 ай бұрын

    உச்ச வரம்பு ₹7,00,000 என்பது FY 2023-2024க்கு பொருந்துமா?

  • @SMEDUTALK

    @SMEDUTALK

    7 ай бұрын

    பொருந்தும்.

  • @ssprasanna3489
    @ssprasanna3489 Жыл бұрын

    5lak tax illa bro

  • @SMEDUTALK

    @SMEDUTALK

    Жыл бұрын

    Yes, when taxable income

Келесі