Our Promise to Give 100% Reply of Questions in this Senior Citizen Tax Benefit Video

@user-mb3fp8mb1l

Ай бұрын

अरे भाई ये सब हमारी समझ के बाहर है.हम यै सब नही समझ सकते है. हमको सिर्फ एटिएम और पिटीऐम चलाना आता है.इनकम टैक्स के बारे मे हम लौग सिर्फ अनाडि होते है ये सब कलकुलशन हमारी समझ के बाहर है.

@user-mb3fp8mb1l

Ай бұрын

सिर्फ ईंटिमेट करै कि ट्क्सस कीतना भरना है😂😂😊😅😊

@vipanverma5938

24 күн бұрын

I viewed thriughly whole video, but in last narrated that if Sr. Citizens having TDS up to ₹50000/- need not to file tax. Or Non Sr. Citizens income ₹.25000/- AY 2023-23. It mean that TDS for Sr. Citizens up exempted. Clarity me.

@incometaxwallah

21 күн бұрын

@@user-mb3fp8mb1l good , hum tax zero kar dete h

@janetgreen3553

2 күн бұрын

No.use .what about seniors citzens who r daily wagers how dies it help them.

बहुत अत्यावश्यक जानकारी सरल भाषा में!! धन्यवाद साधुबाद

@incometaxwallah

16 күн бұрын

Thanks 👍 🙏🥳🎉

आप के द्वारा किया गया कार्य सराहनीय है सुनकर बहुत ही अच्छा लगा

@incometaxwallah

Ай бұрын

हमे सुन के अच्छा लगा कि आपको हमारी विडियो पसन्द आई आपका बहुत बहुत आभार हमारी विडियोज को देखते रहिये और अपने सवाल पुछते रहिये धन्यवाद

informative and recommend all to help their parents to avail senior citizen benefits by filing income tax.

@incometaxwallah

Ай бұрын

Thank you very much Mr. Sood for your compliment and positive response.

Very good session. Thanks a lot.

@incometaxwallah

25 күн бұрын

You're most welcome! Thanks

Really very good coverage of IT Benefits for Senior Citizens. 1. You show no tax old regime 5L, New Regime 7L. Is it of basic 2.50 + 0.50Intr.? 2. Secondly TDS 50K No need to file return. One question. How can we get refund when there is TDS but no tax liability. In that case to make refund claim returns may have to be filed.

Very informative video. God bless you.

@incometaxwallah

Ай бұрын

Thanks, keep watching and sharing

साठ-बासठ साल की उम्र में 20--40 साल तक देश सेवा करने के बाद सेवानिवृत्त होने वाले शिक्षक/कर्मचारीयों से आखिर सरकार इनकम-टैक्स के रूप में पैसा लूटती ही क्यों है? जबकि मात्र एक दिन विधायक या सांसद के पद पर विराजमान रहने वाले "खुदा के बंदे" जिंदगी भर 'इनकम-टैक्स फ्री' पेंशन का मज़ा लूटते हैं !?

@incometaxwallah

19 күн бұрын

you are absolutely right

Excellently explain each and everything, it's very knowledgeable for all concern.

@incometaxwallah

Ай бұрын

Glad you think so!

80D में नई स्कीम में सीनियर सिटीजन को फायदा मिलता हे क्या

@incometaxwallah

16 күн бұрын

Yes, but in old tax regime

Very very good, knowledgeable and useful information of Income tax for Senior citizens.A well educated, experienced Teacher also can't explain as you.nice,good ,well presentation.👌👌

@incometaxwallah

Ай бұрын

Thank you so much for your compliments. Keep watching and shareing our videos with your friends and relatives Also subscribe our channel

Thanks for your information given in this vedio.nicely described by you

@incometaxwallah

Ай бұрын

Thanks and glad you like our videos

IT IS A GOOD VIDEO THAT COVERS ALL FOR THOSE WHO WISH TO FILE IT RETURN ON THEIR OWN.

@incometaxwallah

Ай бұрын

feeling wonderful, you like our videos. your feedback matters a lot

God bles you, thanks a lot.

@incometaxwallah

Күн бұрын

So nice of you

Thanks for Video.

@incometaxwallah

Ай бұрын

Glad you like our video, Thankyou so much

Useful guidance, thanks Sir je

@incometaxwallah

Ай бұрын

Glad you like our videos. Thanks Keep watching and sharing

Really valuable, Thanx

@incometaxwallah

Ай бұрын

Always welcome. our viewers feedback means a lot to us

Very useful information.Thanks

@incometaxwallah

13 күн бұрын

Glad it was helpful!

Thank you ❤

@incometaxwallah

Ай бұрын

Welcome. keep watching and subscribe our channel

nice details ,,,Thanks !!!!

@incometaxwallah

10 күн бұрын

thanks keep watching and shring our videos

Thank you 🙏

@incometaxwallah

2 күн бұрын

Always welcome

Sir Bahut Acche se Samjhaya Aapne

@incometaxwallah

21 күн бұрын

Glad you like our videos, thanks

Sir, your way of explaining is very good

@incometaxwallah

28 күн бұрын

Thanks and welcome - keep watching

Thank guptaji foradviceto senior citizen

@incometaxwallah

Ай бұрын

Always welcome

Aapne I T R filing ke bare men jankari di bahut achha laga vidio dhanyavad

@incometaxwallah

14 күн бұрын

Glad you like our videos thanks and keep watching and sharing our videos

Nicely explained. Thanks.

@incometaxwallah

Ай бұрын

Keep watching and sharing our videos, thanks

@prakashvaidya2731

Ай бұрын

Very well explained Thank you

Very nice and explain in very simple language

@incometaxwallah

Ай бұрын

Thanks and welcome

Very nice information thank you sir

@incometaxwallah

10 күн бұрын

Welcome, keep watching and sharing our videos

Thank you🌹🙏🌹

@incometaxwallah

15 күн бұрын

You're welcome 😊

Subscribe us for Senior Citizen Tax Benefits Related Videos. Team Income Tax Wala

Income tax on long term capital gains and dividend should be totally exempt.

@incometaxwallah

Ай бұрын

it should be but it is not. However you get 1 lac as tax free long term capital gain on shares

@gognene1513

26 күн бұрын

@@incometaxwallahthere are many types of persons whose yearly income sources are different. I write here few. 1. Govt employees who gets penson. Different classes are there. a. Who gets half of the basic salary a. 1. These people get health treatment facility also b. Scales of particular type of job is different from to state. This causes different economic level. Say first example, when Telangana got separated from AP, both Telangana state government and separated AP governments gave fitment in pay revision 42& 41% instead due of 21-26% for teachers. Then their salaries becomeuch more than professional ( engineers & doctors who IQ levels & talent levels more to get into B. Tech & MBBS. B. Pension system is not there for PSU. Salaries are equalized based on academic years by forgetting professional difference. A BA B. Ed person Telangana gets more than EIL or other PSU person. PSU jobs are very hard. C. People resign from Teaching can go abroad and earn money can join back Kerala even after 25 years. How ever the same policy or facility is not there in other states. D. I did my M. Tech and I left job after 14 years ecperience. That means I gave my job as opportunity other person. Before 1990 Interest rates on NRE FD was more than 20% & RI were getting 10-12% but later it became equal to RIs say 6%. An govt officer and politicians get gets salaries and pensions now. I don't get any thing. I can't drive & I can't engage a driver also. I earned money for nation and gave my job to others but I can't get any benefit from the government and I don't get medical or transportatikn or income tax benefits on interest. My status of living standard and situation much worse than retired primary school teacher. All others were in local enjoyed short comings of the government, say real estate benefits, since we are from the country we could have chance due to our non corrupt nature also. We kept all money in FDs to avoid black money operatikns which are top real estate. They buy by paying 1 crore but it is shown on records as 10 lakhs, similarly they sell it 1 crore but they show10lakgs on records. Where is justice and where is the system to help or protrct values of exNRI or good local persons

@muralidharanyesnameisperfe3628

11 күн бұрын

All are on papers nothing possible

Excellent

@incometaxwallah

Ай бұрын

glad you like this video, keep watching and sharing with your friends and relatives

Very nicely explained

@incometaxwallah

20 күн бұрын

Thanks - keep watching our videos

Followed different sections involved in tax filing tq

@incometaxwallah

3 күн бұрын

ok

After devaluation of rupee exemption limit should be 7 lac s after that deduction for medical expenses should be given on actual basis.

@incometaxwallah

28 күн бұрын

you are right, but law is not like that till now. we appriciate your thought

Senior Citizen's rail travel concessions taken away by the ruler. But MLAs, MPs enjoy all such concessions. What justice it is?

@incometaxwallah

10 күн бұрын

no, its not a justice, we always stand with our dear senior citizens Subscribe this channel for more updates

Good Information 🙏

@incometaxwallah

4 күн бұрын

Glad you like our videos thanks

Well explained

@incometaxwallah

8 күн бұрын

thanks

Seven lakh are dsid to be tax free but the कैलकुलेशन ऑर made फ्रॉम 250,000.व्हात इस this ,are we fools?

@incometaxwallah

Ай бұрын

My Dear , bhai saab naraj mut hoiye. calculation 2.5 lac yaa 3 lac se hi hogi but section 87a ki rebate mileti aapko. jiski wajah se 5 lac in old TAx regime and 7 lac in new tax regime mai income par tax nahi dena. lekin agar income in limits se jyaada hoti hain to tax rebate nahi milati

Well explained sir

@incometaxwallah

Ай бұрын

Thankyou so much , Keep watching us

Many thanks for your informative and specific video for senior citizen. Sir, If possible, please make a video on 'Tax Harvesting' on account of capital gain on Investment of Shares and Mutual Funds. Regards,

@incometaxwallah

Ай бұрын

Soon, aur aapka name bhi lenge video m

Excellent. I would request you to give an example for taxable income is 6 lakhs with tax calculation

@incometaxwallah

Ай бұрын

Sure Old tax regime Income 6 lac, invest 1 lac in ppf Then 5 lac Income tax free. New tax regime 7 lac income tax free It's due to section 87A. We explained 87a in details in this video

Good video.

@incometaxwallah

15 күн бұрын

Glad you enjoyed it

Very informative Ji 👍

@incometaxwallah

Ай бұрын

Thanks ji

very nice 👍

@incometaxwallah

13 күн бұрын

Thank you! Cheers!

When EPFO senior Citizens are living below poverty line. Its very difficilt to get them food medicines etc. Their request for increase of pension amount was not considered By F.M anf Pz.M

@incometaxwallah

8 күн бұрын

you are right

I’m very happy to listen your advice on senior citizen tax benefits but still need help to get my benefits Because I don’t understand why why banks are taking out taxes even they know I’m 76

@incometaxwallah

4 күн бұрын

bank deduct taxes because its law. if you are 76 and don't have tax liability at your income then file form 15h/g to bank subscribe this channel for more updates

Mention additional benefits to seniors in new tax regime , rather 80 TTB has been disallowed.

@incometaxwallah

Ай бұрын

ok

Respected Sir -- Sorry to say ,'Sub se jyada loss senior citizen & pensionerska huaa hai ,profit kuchh n-hee.for an example ,commutation of pension mein ho r-ha hai ,up to 15 years. 40% basic Kati jati hai jub ki 8&1/2 years mein complete ho jata .18months ka D.A.arear ruka huaa hai.sarkar sun n -hee r-hee hai.Punjab &Hariyana high court & Gujrat High court nirnay de chuke hai.central govt.pensioners pareshan hai.Thankyou.

@incometaxwallah

Ай бұрын

Agreed

Superb expression sir

@incometaxwallah

Ай бұрын

All feedbacks of our viewers are our motivation. Thanks 🙏

Nice Information

@incometaxwallah

Ай бұрын

Thanks, keep watching and sharing

very nice

@incometaxwallah

21 күн бұрын

Hame Khushi hoti h jab hamare viewers ko hamari video pasand aati hai. Thankyou so much

Medical expendiure when payments are made online on medicines ct scan etc. Are exemted up to 50000 and fix lt Leave travel concession paid after every 3 year

@incometaxwallah

16 күн бұрын

didn't get you

Please clarify LTCG. Rebate under section 80C, Additional rebate of Rs 50,000/- towards NPS Contribution and rebate on donation is available only in old regime or in new regime also.

@incometaxwallah

Ай бұрын

old tax regime - also watch this small video for more and more clarity kzread.info/dash/bejne/hGapushtpcewico.html

Sir, Very much informative video. I leart one additional point that in new regime also standard deduction of 50000 is allowed. Sir, what about M F, SIP redemption INCOME???

Sir,my father was Super Sr Citizen and expired in Feb 2022 at the age of 89 years. His forms 16A of Bank shows tds deducted upon 04 fixed deposit r receipts in two names,E or S,first name is of father. Our CA advised us not to file any returns and forget tds deducte for FY 2021-22,2022-23 Now, can we get refunds from ITax department .....or not...please tell

@incometaxwallah

Ай бұрын

your ca is right, refund is not possible now.

Good lecture in income tax of matter and I expected how to file,. return on computer and.what.available benifit to Senior please explain

@incometaxwallah

8 күн бұрын

thanks and sure, we will considr your request

Super senior citizen 75 se Hona chahie Nahin to 100 varsh complete hone ke bad senior citizen ka facility Milana chahie

@incometaxwallah

Ай бұрын

good, but one thing should be there, 75+ par super senior citizen ker dena chahiye govt ko .

Sir- What would be the tax liability for non-working homemaker(senior citizen) with rental income(only source of income) less than 7 lakhs? Does it need to be filed under new tax regime to avail benefits under section 87A for zero tax liability?

Retired employees in this year received gratuity, commutation, Encashment leave on retirement,gpf,si . Kya in sabhi prapt rasi ko return me show karna hai aur kase show karne

Senior citizen was not get any Life policy but certain got ill and medical treatment Rs25000.00 paid to hospital he is benifit for I tr file time

@incometaxwallah

Ай бұрын

Ok

Whether health insurance taken while travelling abroad can be claimed for exemption on while filling income tax return.

@incometaxwallah

15 күн бұрын

Yes, it's eligible, condition is that policy issues from India.

Income on sale of property Minimum amount exemption. May be informed

@incometaxwallah

4 күн бұрын

income on sale of property ki full details itr form mai declare karni h subscribe this channel for more updates

It will benefit more people of the video is made in English. Many many not understand Hindi

No donation, PPF, health insurance benefit in new taxation method .

@incometaxwallah

7 күн бұрын

you are right.

Sir interest of FD,interest paid and accural interest will be shown in ITR

Share market Day Trading income is treated as business income or non business income?

@incometaxwallah

Ай бұрын

Treat as business income

Retirees who don't get pension but instead get ANNUITY under NPS system, whether ANNUITY amount is considered in ITR as pension/salary or income from other sources ,please clarify.

@incometaxwallah

Ай бұрын

annuity pension is taxable under income from other source.

Whether exemption for premium paid on mediclaim is applicable in the new tax regime for the Sr. Citizen 12:17 PM

@incometaxwallah

19 күн бұрын

no

Kindly clarify interest received from sovereign gold bond scheme of RBI is exemptiedrom tax

@incometaxwallah

Ай бұрын

interest on SGB is fully taxable

Interest paid and Interest accrual kya different hai

@incometaxwallah

Ай бұрын

You asked a very very intelligent question. Interest paid means interest which you have received in your bank account. on other hand Interest Accrued means interest you have earned but not received in bank account. you must receive it on a certain date . Hope, your doubt cleared.

Senior citizen ke liye achhi jankari dete ho ji.

@incometaxwallah

Ай бұрын

Thanks, keep watching and sharing our videos

For the FY 23-24, my taxable income is Rs. 6.90 lakhs. I read that there is 100% rebate on income below Rs. 7 lakhs under new tax regime. Is that true,?.

Your voice is cracking in between, thus usable to view the video with clarity. Your video of course very informative

@incometaxwallah

10 күн бұрын

Sorry for that, will improve all things

Gone through English text. Thanks

@incometaxwallah

Күн бұрын

Super 👍

Which ITR form should I choose being a Senior Citizen below 80 years if I have rental income from my one house property. I have no income from capital gains, shares , mutual funds etc.

@incometaxwallah

19 күн бұрын

ITR 1 is applicable for you Subscribe this channel for more valuable updates

Sir,good morning. Very useful information for we retired people. Sir I am a retired person, my source of income is pension ,interest & gains from stocks as well as mutual funds. I accessed my tax for the fy 23-24 using income tax official tax calculator but it did not consider the standard deduction and also showed interest on tax payable as no advance tax paid by me Please let me know reasons for not getting standard deduction benefit and imposition of interest. Thanks n regards

@incometaxwallah

Ай бұрын

standered deduction is available, you making mistake at some point in online itr filing

@dsr9329

Ай бұрын

@@incometaxwallah thanks. Pl let me know that also why interest is levied on tax as senior citizens are free from advance tax payment?

Retired from defence & getting pension with disability. Is there any section under which service pension alongwith disability is tax exempted ?

@incometaxwallah

2 күн бұрын

watch this video . there are 2-3 points which are related to army person tax free income

Thanks for wonderful video. to guide the seniors Sir please guide Pmvvy pension amt. to be added in salary column As pension / annuity OR Intt. Column Please. Guide Thanks

@incometaxwallah

25 күн бұрын

Thank you so much for your compliments. keep watching us. mention it in pension income under income from other source

Whether Medical Helth Insurance premium paid is deductible under new Tax Regime?

@incometaxwallah

16 күн бұрын

No

Very useful information. I am 84 year old NRI. Are all benefits, including medical expenses, available to NRIs.

@incometaxwallah

27 күн бұрын

Few available to nri and few not

Medical treatment par st.citizen ne cash me spent kiya to Kya 80D ka benefit le skate hai ?.

@incometaxwallah

Ай бұрын

see, if he / she have policy, then cash expenses upto 199,999 allowed but if no mediclaim policy but want to claim deduction u/s 80D - Then all payment must be through banking channel

Is Trading in FNO is liable for advance tax ,and which is this section by which senior citizen are spared from depositing advance tax .Thanks in advance.

@incometaxwallah

Ай бұрын

income tax section 208

Is their capital gain tax on the sale of agricultural property acquired more than 50 years ago? Is there no liability to compulsarily purchase property of a certain amount within a certain period?

@incometaxwallah

16 күн бұрын

see first of all , you must know that your agriculture land is covered under rural or urban land. watch this video kzread.info/dash/bejne/Yo6Np6ewgsnZg7w.html if rural than fully tax free if urban - then all documents has to see and do tax planning

Bank had credited pension for the month of March 2024 on 31.03.2024 which was payable on or after 01.04.2024.For filling of tax return F. Y 2023-24, since it is advance credit, how to reflect in Form No 10E , so as to claim rebate u/ s 89(1)

@incometaxwallah

Ай бұрын

see, salary / pension is taxable on due basis. Hence, include march pension in income of FY 23-24 and file form 10E

How to save tax on long term capital gain (sale of open plot) ? Please explain

@incometaxwallah

Ай бұрын

there ARE three ways. 1. Open Capital Gain Deposit account in bank and deposit entire sale amont in bank to buy in next 2 years or construct in next 3 year a residential property. 2. Investment in Capital Gain bond and claim exemption upto 50 Lac u/s 54EC 3. invest amount buying - in next 2 years or construct in next 3 year a residential property right now.

My income includes pension and bank interest, it is more or less 10 lacs. I have housing loan. If I submit my ITR as per new regim what will be the tax slab I have to pay

Is medical benefit u/s 80D available to Senior Citizen in new tax regime also?

@incometaxwallah

12 күн бұрын

No

Sir 80D mai medical expenditure ki condition aapne saari nahi clear kari kya sara expense other than cash mode se hoga tabhi 50000 tak ki rebate milegi ya cash hua tab bhi mil jayegi

@incometaxwallah

19 күн бұрын

other than cash par deduction milegi u/s 80d

Very good video explaining everything for the senior citizens. I file my IT return every year for myself and claim refund of TDS amount also. I have one doubt please reply, sofar I have filed my returns in old regime, can I file it under new regime? When can I expect 26AS, sofar it is not showing in the portal. Thank you if you could reply me early.

@incometaxwallah

Ай бұрын

Uff so many questions 1. 26 AS, AIS , TIS will be updated hopefully by 5th June. 2. If you are pensioners, then you can change tax regime if no business income. 3. To avoid excessive TDS deduction, use form 15 H At last, thank you so much for your lovely compliment about video

We don't expect anything good from this government.

@incometaxwallah

Ай бұрын

Ok

@ashokbare9077

22 күн бұрын

Did earlier Govt good for you ?

Hi tds nakate iske liye farm 15a kya akhbar hi bharna padta hai yaa har financial year ain meri fix deposited se income265000 pa Hai aur koi incmenahin hai😊

@incometaxwallah

Ай бұрын

har financial year ke starting mai submit karna hota hai

We what's benefit for railway discount for senior citizen 40%for men & 50 % women y they stop y not stop benefits to Lokshbha members then not government service this is only for five years y gives them

@incometaxwallah

16 күн бұрын

you are absolutely right

The age limit for senior super citizen has been reduced to 75 years. Isit true?

@incometaxwallah

Ай бұрын

see, there are three kind of senior citizens as per income tax act 1. 60 or 60+ called senior citizens 2. 75 or 75+ called specified senior citizens only for Section 194P 3. 80 OR 80+ called super senior citizens only to allowed ITR filing in paper form thats is

Nothibg new. But dudnt you miss the deduction for annual meduc test upto Rs 3000/ ?

@incometaxwallah

Ай бұрын

thanks for your feedback, we will take care of it. annual preventive health checkup deduction of 5k - we covered it under section 80D in this video apart from it - there is no other annual meduc test upto 3k

If Senior citizen h as more accounts in 8- 10 accounts, and dividend,pension income.

एक्सप्लेन any deduction on new regim. Except standard

@incometaxwallah

2 күн бұрын

watch these two videos for senior citizens kzread.info/dash/bejne/l3eYsMWafqjZeZc.html kzread.info/dash/bejne/hGapushtpcewico.html

Good evening Guptaji. Please inform how to show 60% withdrawal from NPS in ITR. Should it be shown under exempt income-Others with description?

@incometaxwallah

7 күн бұрын

no need to show

What is the use of form 15 H, if the income is above taxable limit ?

@incometaxwallah

Ай бұрын

Still submit form

Ag+82 years hae Aarsae sae Tadapkar Life Kat rahe hae Story Sune payment due he raha .

@incometaxwallah

Ай бұрын

Kon payment due aa raha .