Thanks for the info! So the Employer PF Contribution is already taken care while calculating TDS or do we have to mention explicitly while filing income tax return?

What is all covered in reimbursements? Professional development, uniform, meal coupons, books and periodicals, telephone allowance, are they covered under reimbursement under new tax regime

Disappointed by budget! 😢 😢 those who are earning around 10lakh suffers mostly

@WalterWhite-og6wj

3 ай бұрын

Bhag bc gareeb.. 10 lakh walo ko lund kuch ni dena.. mera 42LPA hai aur monthly 70K tax jaata hai after exemptions. Itna in hand aata hai 10 LPA walo ka

@nishik810

3 ай бұрын

Can you do anything about it?. No na...

@achu10mech41

3 ай бұрын

What is your issue in paying tax??

@shreyaadak8445

3 ай бұрын

Businessman kabhi tax nehi deta, hum middle class hi dete hay. Income me bhi tax, aur kuch buy karo usme bhi tax​@@achu10mech41

@harishkiran3663

3 ай бұрын

Think about those who work 12hrs and earn less than 2lakhs. You are paying for them because the nation is not just you and we all earn because of our people, one way or the other.

Once we accept the new then the benefit of capital gain bonds will be available?

I get a amount from my employer for the fuel and mobile charges Can I treat them as exemptions or reimbursement? If exemptions which section should I quote?

Does we have to add employer's contribution to our gross income.

Medical reimbursement covered in CTC can be tax exemption in new tax regime??

Sir is section 24a benefit available in new tax regime?

what about 80G in new tax regime? is it exempted?

Just the video I needed to see today. Getting my popcorn and notepad.

@phoenix_ever

3 ай бұрын

This won't help you, if you are expecting this to be an update of today's budget 2024.

@ETMONEY

3 ай бұрын

Hello, hoped you liked the video. Please share it with your friends, family and colleagues as well.

which tax regime is good for physically handicap employee with 70% disability certificate.?

Rebate is for all or only for salaried people

Nice presentation.Kindly try to make videos in Tamil so that Tamil audience can also be benefited from contents like this and for getting more financial awareness

Increase the Font size of English Alphabets and words.

@ETMONEY

3 ай бұрын

Hello, thanks for your suggestion. Will share it with the video team.

How someone is going to save tax in case of PF ?!! What is marginal relief for income from 7.5 to 7.78 L ??

I have a question directly investing in bond or through dept mutual fund which is good

@ETMONEY

3 ай бұрын

Hello, mutual funds are always a more convenient way to invest, whether its equity or bonds. You should consider investing directly in stocks or bonds only when you have the required knowhow.

Sir, Is NPS SUBSCRIPTION UNDER 80CCD (IB) ALLOWED IN NEW TAX REGIME?

@vineeth8612

2 ай бұрын

No

Hello sir. Sir, for government employees, 10% on Basic + DA should be calculated to deduct under 80ccd(2) right? Plz reply sir.

@vineeth8612

2 ай бұрын

14%

@adithya4320

2 ай бұрын

thanks :) @@vineeth8612

If I transition from Company A to Company B and receive a specific sum as Leave Encashment as part of my full and final settlement at Company A, can that amount be exempted under Section 10(10AA)?

@arunganesh7062

3 ай бұрын

That’s what I just heard, never knew about this. I think I could have saved some money 😢

@Samarth9

3 ай бұрын

No exemption only will applicable on retirement for leave encashment.

@whiteroommenace

3 ай бұрын

For non govt. Company yes... You can claim leave encashment upto 25L cumulatively

@ETMONEY

3 ай бұрын

Hello, yes, leave encashment on changing jobs is tax-free up to Rs 25 lakh. However, this limit is applicable for an employee's lifetime. For instance, if you claim an exemption of Rs 1 lakh for leave encashment, the limit gets reduced to Rs 24 lakh.

Sir, If I select new for 2023-24 financial year, can I choose old regime in 2024-25 financial year. Pls clarify.

@vishwanathar700

3 ай бұрын

Yes, you can. In fact you can just pick one of the two schemes which is beneficial to you even at the time of tax filing

You didn't explained about the tax above 7.5 & below 7.78?

Does Family Pensioners also get Rs 50000 standard deduction under new tax regime?

@ETMONEY

3 ай бұрын

Hello, family pension comes under income from other sources and not under income from salary. So, the standard deduction of Rs 50,000 is not applicable. But you can claim a deduction of Rs 15,000 or one-third of family pension, whichever is lower.

No doubt, one of the best ways to grow and save your money is through investing. You don't need a fortune to get started. Even a small amount can turn into millions if you invest wisely. I wasn't financially free until my 40s, and I'm still in my 40s, but I've already purchased my second house, enjoy a monthly passive income, and achieved 4 out of 5 of my financial goals. I hope this inspires someone to realize that it's never too late to start, regardless of your age. You can begin investing today and change your future! Investing has been a life-changing decision for me

@ugojazzy7812

2 ай бұрын

I'm exploring different investment opportunities and would appreciate more insights on this matter

@witneywilliam

2 ай бұрын

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2 ай бұрын

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@witneywilliam

2 ай бұрын

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It's really unfair that under new tax regime, the employee's PF contribution is taxable. I don't have any problem even if it's taxable, but atleast allow employee to opt out of it.

eligible exemptions and deductions u/s 16 as per new tax regime? is professional tax ( 16 iii) of Rs 2500 exempted in new tax regime?

@ETMONEY

3 ай бұрын

Hello, no, professional tax is not exempt in the new regime.

@supravatghara9455

3 ай бұрын

@@ETMONEY THANK YOU SIR FOR YOUR KIND HELP.

@paulsong5845

3 ай бұрын

If new regime doesn't have tqx exemption, then is there any point of having elss (1.5lak)and nps (50k) investments..?

I have a doubt that In new regime, if my income is 7.5 lakhs , does org should pay IT and we should claim it or no tax should be deducted from my salary. Please help on this as im new for this.

@neelesh_porwal

2 ай бұрын

You should pay TDS on a monthly basis and after filling ITR you will get all the amount you have paid through TDS including interest.

@fargathmanas3079

16 күн бұрын

@@neelesh_porwal Thanks for the information Mr. Porwal

Leave travel reimbursement is taxable under new regime. Isn't this double taxation as we already pay gst while buying air tickets??

@njsrinivasan8447

3 ай бұрын

Only pay taxes

@hrushikeshavachat900

3 ай бұрын

Nope. If that's the case, then every article is double taxed as we are buying those articles from after tax money

@silentfollower881

3 ай бұрын

@@hrushikeshavachat900 pehle salary mili with tax deduction, then us paise se tickets Li,gst pay Kiya, then uski reimbursement Li, uspe bhi tax, ab hua na double taxation

@hrushikeshavachat900

3 ай бұрын

@@silentfollower881 Nahi. Tune ek hi baar tax pay Kiya. Kyuki ek bear tuze reimbursement Mila. Woh reimbursement Tera employer expenses karke claim karegi.

Can we do tax harvesting, tax loss harvesting in new slab as well?

@mackisbrocklesnar

13 күн бұрын

tax harvesting has nothing to do with income tax. it is used in investments.

Hello Sir, I have one request to you is, Most of the Index balancing is done in once in 6 months, can we suggest the concerned authorities to make it rebalancing once in 3 months, why because market dynamics have changed, if done in 3 months once, index will be like Dynamic Index, with the fast changing market environment, it's necessary, I felt like so, if you also thought the same kindly convey the message to the SEBI, NSE & BSE...

My employer does not mention HRA in salary slip as I am in new tax regime. How will I get HRA tax exempted if I change from new to old tax regime at the time of filing ITR?

@Pankit-tt1eu

2 ай бұрын

Can't go back to old regime

@mackisbrocklesnar

13 күн бұрын

yes you can

Any interest on pf contribution more than 2.5L per annum is subject to taxable as per your income tax slab. You missed this point and misinformed the whole audience. However there is no bar on how much you can contribute to pf , the interest is taxable. The 7.5L rule is a net sum of pf+ppf+nps .

@ETMONEY

3 ай бұрын

Hello, thanks for sharing your observation. Will pass it to the content team.

@meghanaabhyankar9151

2 ай бұрын

PPF too?

The interest on home property part is confusing. Otherwise, a good video

@ETMONEY

3 ай бұрын

Hello, thanks for your feedback. Will share it with the content team.

How about gift

Government should collect Income Tax slab wise directly from the bank accounts.

Can I go from new to old?

@ashonvills

26 күн бұрын

At the start of financial year you will get chance

Bhai bhaut zayada hi details me bataya hai

are you TAX EFFICIENT?

0:37 Damn, my CTC is 7.78L

@devengurjar

Ай бұрын

How are you going to save tax ?!! What is marginal relief for income from 7.5 to 7.78 L ??

@CyberPsychGaming

Ай бұрын

@@devengurjar My CTC is 7.78 from December 2023 only. Idk, I will ask my CA auditor who will file ITR for me.

@devengurjar

Ай бұрын

@@CyberPsychGaming ohk..do reply if you get answer regarding marginal relief... Not sure if they are considering capital gains from listed shares 🤔

What about employee's NPS contribution? Isn't it tax exempt upto 50k a year??

@ETMONEY

3 ай бұрын

Hello, only the employer's NPS contribution under Section 80CCD(2) is tax exempt, not the employee's contribution or the additional Rs 50,000 under Section 80CCD(1B).

@devengurjar

Ай бұрын

​@@ETMONEYhow abt PF contribution? didnt understand that part ! Total Salary is 7.70 L , and Pf is deducted from salary ..!! How one can come under 7 L after standard deduction ??

Tax ke liye salary to taxable le lete😂 20k salary vala tax nhi janta

@priyanshusharma5449

3 ай бұрын

Vo basic salary hai bhai

@x_man007

3 ай бұрын

@@priyanshusharma5449 means tax is calculated only in basic?

@priyanshusharma5449

3 ай бұрын

​@@x_man007 ni bhai PF basic salary ka 12% deduct hota hai vo bta rha hai vo

nothing new.. wasted my time.. I am tax consultant..

Govt wants you to spend! Financial independence is not govt's intrest anymore

As long as BJP is in power middle class will never get any relief

@priyanshusharma5449

3 ай бұрын

Congress govt mai relief tha kya 🤣

@sulabhrocks

3 ай бұрын

Congress ke time pe middle class thi hi nahi.sare amir they. Yeah to BJP ne aake banayi hai..

@syams84

3 ай бұрын

@@sulabhrocks 😭🤔😕😅😁

@luciferplays2019

9 күн бұрын

Haan wahi to. Congress k time to middle class, bpl etc. tha hi nahi. Sab ameer the. BJP k aate hi ota nhi kahan se itne saare classes aa gye!!!

Worst explainer

New tax regime is useless, hence this video is also useless

@mackisbrocklesnar

13 күн бұрын

or maybe your understanding lacks