Very useful eye-opener...would be grateful if a similar video is posed for self employed business category also...thank you

Best way to save tax 1. utilize 80C upto 150000 2. Increase insurance premium upto 50000 for paying to parents (sr citizen) 3. Medical health checkup expenses 4.medical expenses for parents 5.utilize home loan 6. Buy electric car so u ll get exemption for interest against loan 7. Claim LTA, Telephone billl and buy food coupon 8. claim HRA to the maximum if you are staying in different house finally if still u are under taxable income then add NPS for 50k Hope this ll be useful for salaried employees

@ASREdutube

2 жыл бұрын

Is it true that bank interest is tax deductible upto 10000?

@kimyangKo

2 жыл бұрын

@@ASREdutube yes u need to show as additional income source and add 80tta upto 20k

@venupriyansubramanian5201

Жыл бұрын

Super bro. U took long time!

Additional benefit Mediclaim 80-D, RS. 25000/-

Unless gift amt and int.on FDR are included and forms part and parcel of the said 9.60 lakhs they are not eligible to be deducted. There is communication gap in it.

Very good simple presentation useful for all tax payers.Best wishes.

1. 87A rebate is only applicable if your net income after all deductions is less than 5 lakhs 2. If we take housing loan in such a way that we get yearly 2 lakhs interest, Won't we loose more money in interest than in tax?

@d-streetyouths9157

2 жыл бұрын

You can opt for joint account (applicant and co applicant) so two earning people together can claim with each one lakh rebate... Just a thought to share it.

@RAMUTRS

2 жыл бұрын

@@d-streetyouths9157 yes that can be done but point is, If you have to take a home loan with 2 lakh (interest only), then, that loan have to be a very long tenure one say 30 years... If I can pay the loan back in 10 or 15 years, then interest won't sum upto 2 lakh per year. So only I made a point like for claiming that interest under tax exemption, If I take high tenure loan, I end up paying interest amount more than the tax amount

@d-streetyouths9157

2 жыл бұрын

@@RAMUTRS you are absolutely right and BTW your emi amount will be lesser and you can invest more from your salary. Ler say roi is 7% for home loan and if you invest in post office schemes itself you will get around 9% interest. Also for home loan you can pay the principal repayment and claim that as well in Section 80C and also upto 50k You can claim again in section 80EE...so with the homeloan you can claim almost 4 lakh as tax exemption.

GREAT CLARITY ON DIRECT TAX @. INDIRECT TAX LIKE GST ETC

Very useful sir...nice video Thank you

பயனுள்ள தகவல் நன்றி

2.5 lakhs to 5 lakhs க்கு 12500 rebate இருக்கு ஆனால் வருமானம் (net taxable income) 5 lakhsக்கு உள்ள இருக்கனும் 5லட்டசத்திற்கு மேல் 1 ரூபாய் அதிகமானாலும் 12500 கட்டியே ஆக வேண்டும்.

@thangamshiva8233

3 жыл бұрын

True 💯

En life la 7:46 second youtube la first time waste paniruken

Rebate is applicable between 2.5 to 5 lacks ...only when the taxable income is less than or equal to 5 lacks

Really super .thank you sir

ரொம்ப நல்ல விளக்கம். மிக்க நன்றி.

வாங்குற சம்பளத்துக்கு எல்லா டேக்ஸ் உம் கட்டிட்டு ஜிஎஸ் டி ங்குற பேர்ல ஏன் இன்னொரு வரி. வாங்குற சம்பளத்துக்கு வரி கட்டிட்டா மற்ற பொருள் வாங்குறப்ப ஏன் ஜிஎஸ்டி வரி

@msrk1015

3 жыл бұрын

Income tax is for our income. GST is for supply of goods and services income. Tax is for Govt. Income. Govt income is for Politicians income n welfare. This is our indian system.

@parthachennai4763

3 жыл бұрын

பத்தாயிரம் ரூபாய்க்கு மேல் savings இல் அக்கவுண்டில் வந்தால் எப்படி கால்குலேட் பண்ணுவது

@Mercy-pk7ee

3 жыл бұрын

We are paying tax for the GST we paid.

@soansera5770

3 жыл бұрын

Super. எல்லாரும் திருட்டு பசங்க. ஊரான் பணத்தல வாழ்கிறார்கள்.

@whitecat3077

3 жыл бұрын

😂

Arumai Valkutkal Nandrigal

Sir While calculating salary income we can deduct standard deduction Rs 50000 Next while computing Gross total income we can also deduct u/ s 80 D payment of health insurance premium upto Rs 50000 and also parents Rs 50000

Very good useful information be followed by Indians

அருமை நன்றி ஐயா

Should we furnish list of donors and the occasion to claim deductions upto Rs.50k under head 'gift'?

Super explanation sir...

Sir gud mrng. Veedu kattitu irukken. Wood vangum pothu GST 25000 potanga. Antha amounta it calculate pannum pothu deduct panna mudiyuma? Entha section la pannarathu ? Please reply

Thank you sir

அருமையான விளக்கம்

Very Useful Informative Video Sir...👏👏👏👌👌 Thanks so much...🙏🙏🙋‍♂🤗🤝🤝👍👍👍

ரொம்ப நன்றி

அருமையான பதிவு

Salaried employees cannot claim gift tax since entire income is taxable. Tax rebate can be availed only if the taxable income is below 5 Lacs. What about people who have not taken housing loan?? Not acceptable please

@ekambarampachaiyappan3181

3 жыл бұрын

Who is asking you to accept ?. You pay tax .

@RAMUTRS

3 жыл бұрын

Agree with you 👍

@mageshkumar5120

3 жыл бұрын

In new tax regime below 5lahk no tax

@muthumari.ggurusamy.v8298

2 жыл бұрын

@aravind s if you pay emi for education loan means we can

Tax avoid பண்ணறேங்கிற பேர்ல பணத்தை கண்ட இடத்துல போட்டு லாக் பண்றதுக்கு பதிலா Tax Pay பண்ணிடலாம்.

@yogeshwaran2856

3 жыл бұрын

One of the real line... Fact🔥

@sujinkumar2514

3 жыл бұрын

Fact

@karthikeyan-oq2kn

2 жыл бұрын

No it's applicable for low income bandwidth

@jolitajeni6881

2 жыл бұрын

உண்மை.

@behappy7786

2 жыл бұрын

True

Sir, tax rebate on income 2.5lakhs- 5 lakhs is applicable only when taxable income is less than Rs. 5 lakhs. Secondly gift received is to be shown as income and then only you can claim rebate.

Ur speech easy understand sir

Useless video.. mostly everyone knows about this information. He is telling us to borrow loan for home and get tax exception. Then who will pay the interest for that loan ??

Good and useful ; for sure TAX slabs are higher in India ;

One of the most clear explanations I have come across.👏👏👏👏👌

@ekambarampachaiyappan3181

2 жыл бұрын

Is it? Neenga valaranum thambi.

also include Health insurance premium

Good presentation... can be easily understood by a beginner, could have touched on the segment - salaried or self employed, salary earnings cannot be calculated as gift, didn't touch upon 80D - medical benefits...

Super explanation Sir

Life time kadanali (Loan) Housing Loan, LIC, Invest, gift, interest paid, etc. But Savings Tax only. Think ...

REBATE IN INTEREST EARNED FROM SAVINGS IS Rs. 40000 for individuals and Rs.50000 for senior citizens. you forgot to mention about rebate under Section 80-G, FOR MEDICAL INSURANCE, &CRITICAL ILLNESS

அருமையான விளக்கம். நடிகர் வடிவேல் அவர்களை மேற்கோள்கள் காட்டும் போது அவர் என்று கூறியிருந்தால் மேலும் சிறப்பாக இருக்கும் என்பது எனது தாழ்மையான கருத்து.

@ekambarampachaiyappan3181

3 жыл бұрын

Yes.

Nice enlightenment

What's the maximum amount could be kept in the bank in the joint savings bank account.?

Health insurance for self 25k and for parents upto 50k you can save

@ASREdutube

2 жыл бұрын

Sir for parents to claim health insu amount should upload any proof..

@ASREdutube

2 жыл бұрын

Is it true that bank interest is tax deductible upto 10000?

Informative video

This works in theory, not in practical. Also, Some basic dedications are missing

அருமை 👌👌👌

Well explained in simple words Sir.. Really Super!!

Is it applicable for business people?

*Sir I am a salaried person... I loss 50lakhs in share market.. So which one I select is best for me like New Tax or Old Tax regime and Can I get tax refund? explain please*

நன்றி

Ok. But NPS scheme is not applicable to senior citizens, I understand. Is it right? Please confirm.

Sir, if we invest the entire salary then for buvva ??

@vijayadhaschandran6711

2 жыл бұрын

Ha ha.. Athu thana govt plan ye.. onnu tax a kattu.. illana motha amount a enta kodu. 5 varusam kalichu thirumba tharuven. Aana athula vara interest kum tax poduven. Ithu than GOVT..!!

@dharmaraj3174

2 жыл бұрын

😂😂💯

@d-streetyouths9157

2 жыл бұрын

@@vijayadhaschandran6711 aama bro athana la than business pannanum... Appa than kanaka korachu kaati tax micham panni sotha saeka mudiyum

@ekambarampachaiyappan3181

2 жыл бұрын

Salary eppadi koduppathu?

@ekambarampachaiyappan3181

2 жыл бұрын

Pl don't use the word buvva. It is very bad.

sir jewel mortgage kku kattum interest kku tax unda because i purchased home against jewel loan amt, friends loan iterest etc pl advice me to clear thank you sir

We should think more about increase the investment return rather than saving because you will never find any one become wealthy buy putting money in pension scheme or fixed deposit

Excellent Sir... Thank you

Very good presentation

Excellent

Super tips

Great sir thanks :)

More Informative and nice presentation 👍

Job la irukravangaluku salary calculation correct ah irukum pothu gift nu solla mudiyathu la sir

@kmukunda

2 жыл бұрын

Yes gift option will not be applicable for salary employee,because we are paying the tax based on form 16

@sowmiya6846

2 жыл бұрын

@@kmukundagift value lessthan 50,000 you get tax benefit ...

@mkumar2051

2 жыл бұрын

@@sowmiya6846 In which section we should claim gift and on what conditions pleas

Please read section 87A applicability correctly.

Good information sir

@asokansamuel-educationspeciall

2 жыл бұрын

Thanks

Improper information

housing loan , இல்லை . மற்ற தீர்வு சொல்லுங்க சார். எப்படி calculation பண்ணுவது

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

Make video for 30 percent tax bracket and above 13 lakh sal.

STD DEDUCTION NOT TAKEN INTO ACCOUNT. IF INCOME EXCEEDS RS. 5 LAKH P.A. , I PRESUME 87A REBATE WON'T APPLY. Pl. CLARIFY. COULD HV ELOBRATED ABT NEW TAX REGIME ALSO.

@ekambarampachaiyappan3181

2 жыл бұрын

Through savings you have to bring TAXABLE income below Rs 500000 to avoid tax.

Sec 80 D - Mediclaim Insurance premium upto Rs. 50,000. Therefore, 9.60 lacs + 0.50 lacs = Rs. 10.10 lacs

@vinothjayaram6406

3 жыл бұрын

I think it's applicable only for bills other than cash payments mode.

@MrArulmozhivarman

3 жыл бұрын

Yes. Cheque is accepted.

@ASREdutube

2 жыл бұрын

Is it posible that bank interest is tax deductible upto 10000?

Is it true that bank interest is tax deductible upto 10000?

Standard Deduction Rs.50000/- Sollala

@senthiltamilarasan3018

3 жыл бұрын

yes he didn't mention it

@saravanans4256

3 жыл бұрын

HRA Sollala panpirak vayen

Sir good afternoon. Very good speech. But one small mistake. Rebate of 12500 is available only for persons having income up to rs. 500000. Kindly clarify sir.

@ekambarampachaiyappan3181

2 жыл бұрын

Avarukke class Niraya Edukkanum. First, he should have explained the difference between INCOME and TAXABLE INCOME. Confusion starts here only.

Health insurance 80D ??

Sir, My HRA limit is 20000 per month. Can I use it for a total of only six months instead of 12 months (40000 per month x 6)?

@ekambarampachaiyappan3181

2 жыл бұрын

QUESTION KETKAVUM THERIYANUM.

Sir, I am having agriculture land which is divided into 4 brother .this is purchased by my father who is worked as a teacher.my father expired in the year 1997.now I want to sell the land to my own brother and buy a resale flat . should I pay any tax on the transaction? Please solve my problem.iam a 64 years old and jobless.

@ekambarampachaiyappan3181

2 жыл бұрын

No tax for gain got from Agri. land selling if it is far away from municipal limit .

Super sir

ellathayum invest pannita family expenses enna pandra dhu?

Can we avail house loan reduction for second house?

87A rebate is applicable to super senior citizen? Some experts confirm the rebate for super senior citizen pl clarify namaste There are different version pl clarify namaste 😊

Standard deduction Rs 50000 is allowed Interest under Sec 80E is allowed

@statutory8850

3 жыл бұрын

Correct standard deduction 50000 allowed

Is it practically calculatable for a salaried person with ₹80000/- per month to have this method to become non taxliable as informed?

@Gunasekar08

3 жыл бұрын

Not possible

@kamalakannanrajasekaran9940

3 жыл бұрын

Not at all.Firstly rebate is applicable only when total income is less than 5 lakhs. For 80k per month, rebate is definitely not applicable.

@RAMUTRS

3 жыл бұрын

Not possible this video is kind of misleading

@ekambarampachaiyappan3181

2 жыл бұрын

@@kamalakannanrajasekaran9940 Total income can be 20 L also. But to get rebate , TAXABLE INCOME SHALL BE LESS THAN OR EQUAL TO 5L.

Buying Own house is still risky thing due to long tenure repayment

Sir,every year we have to make such investments under various heads and while we withdraw them on maturity we have to pay tax on the interest income derived from such savings. It would be very cumbersome after several years. So please tell us a solution to get over from them.

@sathyanarayana6521

Жыл бұрын

PPF is best choices

@ramus923

Жыл бұрын

Lic is also good

Bank account la automatically debit ana tha tax free kedaikuma

Instead of NPA can we try Sunganya samruti yojana... Pls suggest

@dineshs3855

3 жыл бұрын

you can

First income ku Vali sollunga hi income tax appiram pakalam

Health insurance பற்றி சொல்லப்படலையே.....

Fixed deposit's interest per year is 40k limit.

@ekambarampachaiyappan3181

3 жыл бұрын

This 40K limit is for Bank not to deduct tax for FD int. You have to pay income tax .

@thinkingtamizha007

3 жыл бұрын

வருமான வரி சேமிப்பது எப்படி? kzread.info/dash/bejne/e6Gh1aidqJXPms4.html

U didnt mention about standard deduction Rs. 50000....

Super plan

These are not a solution people who are in level of paying are aware of it .. govt should consider increase the slab leval considering the inflation.

very nice

Sir, what about Medical Insurence is it comes under 80cc OR different sources...??

@ekambarampachaiyappan3181

3 жыл бұрын

It comes under 80D.

@YaliniArivalagan

2 жыл бұрын

@aravind s 80D for medical insurance premium , CG health scheme , preventive health checkup..

House loan interest ku mattutha kazhiva?

Hi sir thank u.. But rebate 12500 only for taxable income less than 5lask kula iruntha mattum thana..

@jayabvn2020

3 жыл бұрын

Yes.

@vinothjayaram6406

3 жыл бұрын

Correct bro

@Jk-1960

3 жыл бұрын

Yes, he is not correct in this core. gift vanda minus pannalam! Incomeஆ வந்தா எப்படி மைனஸ் பண்ணுவது

Housing loan interest comes under which section?

@selvakoperumal1988

2 жыл бұрын

1 Housing loan Consult expert How to save max TDS

வேலைக்கு சம்பளமா direct ah வருசத்துக்கு 9lakhs வாங்கும்போது அதுக்கு எதாவது வழி இருக்கா sir

Very disappointing. How can one pay 2 lakhs interest on housing loan? Then you should have got a huge housing loan. It seems misguiding. Kindly live up to the standards of Vikatan.

@sangeethaselvaraj1949

3 жыл бұрын

You are wrong. For just 25L housing loan itself yearly interest wud be 1.5 to 2L.

@prakashmech6962

3 жыл бұрын

Sir, He is saying for yearly and not monthly, Lets take an example, suppose i'm taking an housing loan of 30 Lakhs with 7% (minimum interest) for 10 years repayment, then the loan interest is 1.75 Lakhs / year

@RAMUTRS

3 жыл бұрын

Point is, if someone takes housing loan in such a way to pay 2L interest, then you will loose more in interest than in tax

@vetrithangamd3913

2 жыл бұрын

@@RAMUTRS But our property value will become high na..

Rebate is applicable only if taxable income is less than 5L Gift is an extra amount on top of income Ennathayavadhu olaru 🤦‍♂️

@kartt100

3 жыл бұрын

yes ivan olara..dude..elaathaiyum investment pottutu daily sothuku pichai edupaana..

@venkatasubramanian8642

3 жыл бұрын

Agree that Section 87A Rebate applies only when the Total income is lesser than INR 5 lakhs. However, gift till INR 50k is not taxable income at all is not incorrect.

@vishanthanm7687

3 жыл бұрын

@@venkatasubramanian8642 No, cash, movable or immovable property gift is not taxable up to Rs.50,000 as per Section 56(2)(Viii) read along with section 56(2)(X), in chapter IV of income tax act, other source income.

@tukaramts813

3 жыл бұрын

@@kartt100 ko

@tukaramts813

3 жыл бұрын

@@kartt100 no

How to avoid tax against bonus