How Can a Salaried Person Save Tax? | Salary Income Tax Deduction

How Can a Salaried Person Save Tax? | Salary Income Tax Deduction | Tax Deduction 2023-24!

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Жыл бұрын

A salaried Person must know that How Can a Salaried Person Save Tax? and Which are Salary Income Tax Deduction where a Income Tax Payer can get Tax Deductions 2023-24!.
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As a salaried employee, you may be entitled to various income tax deductions that can help reduce your tax liability. Here are 19+ possible deductions you may be eligible for Various Deductions,
How Can a Salaried Person Save Tax? | Salary Income Tax Deduction | Tax Deduction 2023-24
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I Also Explained:
1. How Can Salaried Person Save Tax?
2. Salary Income Tax Deduction
3. Tax Deduction 2023-24
4. Deduction from Gross Total Income
5. Income Tax Deduction for Salaried Employees Person
6. Tax saving for salaried person
7. tax planning for salary income
8. salaried person tax saving
9. salaried person income tax saving
10. salary deduction income tax
11. what is deduction in income tax
12. Tax Deductions 80c to 80u
13. tax saving tips
14. income tax saving tips
15. deduction in income tax
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#salaryincome #salarydeductions #taxsaverfd

Пікірлер: 92

@incometaxwallah Жыл бұрын

Write your Comments and Queries Here to get a quick reply. Team Income Tax Wala

@RoshimSood Жыл бұрын

Sudesh ji, Q1) Can any one ( sister) transfer the matured NSC of post office to the brother as Gift ? Q2) Can NSC be gifted without sister taking the maturity but the brother in his account ?

@incometaxwallah Жыл бұрын

Question 1 and 2 same ans. Sister can gift money to brother. It is immaterial that nsc matured aur not. Moreover, you can watch my this video kzfaq.info/get/bejne/jNl6rbWl3LS2h4E.html

@milindaeron 18 күн бұрын

Sir under which section exemption for employer's contribution to PF can be claimed?

@manjusv2560 2 күн бұрын

Hello Sir, I have purchased house by taking home loan in 2016-17 and later transferred the home loan to other bank in June 2021....sir please clarify me whether should I claim the excess home loan interest over 2 lakhs under 80EE or 80EEA....and secondly can a salaried employee claim for tution fee under section 80c

@user-ns7zx8mq6l 4 ай бұрын

Me ek govt servant hu.. aur subah se lagatar tax save ke videos dekh raha hu.. aur 10.05 pm mujhe best video on internet mila aur jis tarike se aapne explain kia.. sir hats off to you.. best explanation i ever seen so detailed.. maine aapko subscribe kar dia.. aur aise hi videos banate raho sir❤❤❤❤❤

@incometaxwallah 4 ай бұрын

glad you like our video, thanks keep watching and sharing

@nituregajanan1699 11 күн бұрын

Nice video

@biswajitroy3571 11 ай бұрын

Sir apka explanation itna achhha hey ki bar bar sun ke kam asan ho jata hey.If you don't mind ..Sirf ek request hum logo ko raat ko time milta hay learnig vdo bagara dekhne ka..so jitna music & other sond jitna Cool hoga utnahi achha .Thank you.

@incometaxwallah 11 ай бұрын

Sure, will take care of your concern. Thank you so much for your lovely feedback.

@terrific935 Жыл бұрын

Valuable information 👍

@user-ns7zx8mq6l 4 ай бұрын

Nice that you replying to every querry in your busy life .. never seen such youtuber ❤❤❤❤❤

@incometaxwallah 4 ай бұрын

thanks, keep watching and sharing

@officialTeddysReaction 10 күн бұрын

Best video I ever seen on this topic, keep it up sir

@Sukh-01 Жыл бұрын

Very important information

@rajshahu2141 3 күн бұрын

Very good explanation Sir Thankyou

@incometaxwallah 2 күн бұрын

You're most welcome

@manjusv2560 2 күн бұрын

@samiulhaque9963 5 күн бұрын

Mai sarkari job karta hu.mai 2004 me lic ka jivan Anand endowment policy15 saal ka kya tha.2024 me maturity amount 6 lac Milne ke bad ushe lic me hi invest kar dya.ab itr me ish amount par income tax karega? agar katega to kaise aur kitna katega?

@devbratkumar9706 5 ай бұрын

Very nice information. Thank you sir.🙏

@incometaxwallah 5 ай бұрын

Most welcome

@nishantshah4955 9 күн бұрын

Salary me se jo Professional tax cut hota hai uska deduction kaise le sakte hai?

@skumarav9230 Жыл бұрын

Excellent Sir

@incometaxwallah Жыл бұрын

Keep watching

@Sweety91919 3 ай бұрын

Thanks for information

@incometaxwallah 3 ай бұрын

Always welcome

@varunpandya2938 7 ай бұрын

Nice information

@incometaxwallah 7 ай бұрын

Thanks

@anjuchauhan6174 12 күн бұрын

This yearTotal Gross salary - 2455540 (Salary+house maintenance allowance+ bonus+ bank intrest+ chhutti ka paisa + travel leave allowance + petrol +gas+ arrears+coperative bonus) Deduction 🤣 Lic premium- 40000 p.a Pension- 7000par month Ppf. - 130000 p.a Elec -1000 p.m P.tax- 2400 Old regime se kitna pay krna padega

@incometaxwallah 12 күн бұрын

its a time taking calculations so take paid consultation connect on whatsapp 8448820207 alternatevely you may take our itr filing services

@raunaqueiquebal7088 13 күн бұрын

Good information

@incometaxwallah 13 күн бұрын

Thanks

@mk-kw4qn 5 ай бұрын

Sir reply plz agar gov sallary parson march me apne karyalay par new regime choose kare and july me ITR fill krte wakt old regime dikha skte hai???

@incometaxwallah 5 ай бұрын

ker sakta hain , itr file karte smay, tax regime change kar sakata hain

@sanjeev525 Жыл бұрын

Is the transport allowance exemption for fy 2022-23 and how..?

@incometaxwallah Жыл бұрын

kzfaq.info/get/bejne/m7d5Ztefl83MdHU.html Watch this video. Transport allowance is exempt 3200 PM Or actual allowance recd. Which ever is less

@garrysingh3337 Ай бұрын

I am a web designer. I do job in MNC. I want to start working as freelancer on upwork, fiverr etc. and do some extra projects through references. Q1. I want to be able to deduct my expenses for travel, stay, marketing, equipment purchases, depreciation in equipment from my income. How can I do this? Q2. If it is necessary to have some sort of entity then which is best such that I need not do any compliance, or extra expenses or extra work for the entity? I just want to focus on my web designing. Q3. Also how can I reduce taxes? My total income from job and side projects will exceed 20lacs.

@incometaxwallah Ай бұрын

see, your question are long expalnatry. take our paid consultation services letsmakecompany.com/user-redirect/?amount=MTE5OQ==&name=Consultation+&phone=8448820207&category=pay_link

@Think_differently_7 25 күн бұрын

Thank you

@incometaxwallah 25 күн бұрын

You're welcome

@user-ns7zx8mq6l 4 ай бұрын

Sir/ ab 31st march 2024 me aisa kya karu ki agle saal ka tax save ho jaye ? Nps 50k scheme me kar nahi sakta kyunki log in error aa raha hai.. nps 50k ke alava aur konsi scheme hai ?? Pls answer

@incometaxwallah 4 ай бұрын

aapke sawaal kaa answer , aapaki salary ya income details ke bina nahi bata sakate

@anjuchauhan6174 12 күн бұрын

Sir mera papa ka CA pagal h last year check kiye h old regime se 270000 tax( koi v deduction claim nhi kiya)dena pada bur new se 200000 ke approx ho rha tha ,

@incometaxwallah 12 күн бұрын

kuch na kuch aur bhi matter hoga. otherwise Sabhi CA log check karte hain ki kaha tax kam pay karna hain

@darkh6940 10 ай бұрын

Hi sir, the video is informative, thanks for your effort, However, I have a doubt to clarify, As you said 1.5L is tax exempted in 80C, in NPS under section 80CCD(1B) 50K, a total of 2L. However, in NPS can I claim more under section 80CCD2, For Example, 80C - I have an ELLS mutual fund of 1.5L, 80CCD(1B) - I invested 50K, my employer is contributing under section 80CCD2 1L, so can I claim tax exemption of 3L.

@incometaxwallah 10 ай бұрын

see, you can claim deduction u/s 200000 but if your employer contribute to NPS then surely you will get benefit for the same. that employer's 1 lac will not be a part of your salary. hence, suppose your salary is 10 lac but after employer contribution your salary will be treated as 9 lac for tax calculation purpose.

@rakeshsuman6027 3 күн бұрын

section 10(14)i and ii is allowed for AY 24-45, Please confirm

@incometaxwallah 2 күн бұрын

10(14)(ii)

@dhruvmaggu03 6 ай бұрын

Can state government employee who is getting salary after 10% deduction in nps, aur uska nps deduction 1.5 lac se kam hai for exam 1lac aur 80C Ke inder 50,000 equity saving scheme mein hai total 80C = 1.5 Lac kya vo 50,000 wala deduction le skta hai under section 80-ccd (1B) by adding more amount in nps

@incometaxwallah 6 ай бұрын

aap total 1.50 lac ki deduction claim ker sakate ho

@sanjeev525 Жыл бұрын

I m railway employee, railway has allotted a railway quater to me. But my wife with my kids are residence at another city by rent paid. Is i fill 80 gg in ITR...?

@incometaxwallah Жыл бұрын

No, Because you are getting HRA Or railway quarter instead of HRA and 80GG is for those who is not in receipt of HRA.

@haribhauvaidya3606 5 ай бұрын

Government Quarter rent , hra deduction by salary but maintenance charges be apply per month can rebate maintenance charges

@incometaxwallah 5 ай бұрын

No deduction for maintenance charges

@aman_rajput Ай бұрын

sir i can have investment in elss 1.5L for 80C deduction my 1.5L limit reached without adding nps contribution i didnt contribute any additional amount in nps still can i claim additional 50K under sec 80ccd1B

@incometaxwallah Ай бұрын

yes

@aman_rajput Ай бұрын

@@incometaxwallah i didn’t contributed any additional amount in nps I deposited same amount which normally deducted or can say same amount which employer did. Still i can claim additional deduction of 50k???

@incometaxwallah Ай бұрын

if you contributed 50k in NPS which is over and above of 80C investment. you can claim 50k benefit u/s 80CCD (1B)

@user-ns7zx8mq6l 4 ай бұрын

Mera is saal 54k tds cut hua .. meri ek bhi saving nahi hai..nil.. kya mujhe 45k tak refund milega ???

@incometaxwallah 4 ай бұрын

yes, you can get refund of all tds, its a tax planning part, for tax planning , connect with us on whatsapp 8448820207 ALSO Also Follow us on 3 channels to get latest updates bit.ly/Income_Tax_Wala bit.ly/CA_Sudesh_Gupta bit.ly/Insta_Handle

@RoshimSood Жыл бұрын

Sudesh ji, Q1) Can NSC certificate which has matured can be gifted by a sister to her brother ? Q2) Can we transfer the NSC without taking the maturity within the family ?

@incometaxwallah Жыл бұрын

Yes

@naveensharma3975 Жыл бұрын

Maine apni wife k name par ek property Li h,home loan mere bank account se h,meri wife housewife h means no income,income tax cirtificate donon. K name h to kya main home loan tax deduction benefit le sakta hu Pls reply

@incometaxwallah Жыл бұрын

yes. if house purchase money paid from your bank account and implies section 27(i) of income tax act you are deemed owner. in that case you can claim interest benefits

@user-ns7zx8mq6l 4 ай бұрын

Sir ek dedicated video bnaao..ki govt refund kyu deti hai.. what r the criterias to fullfill from which we get refund amount.. ??

@incometaxwallah 4 ай бұрын

sure

@clashgamers8003 15 күн бұрын

How to claim other reimbursement in income tax

@incometaxwallah 14 күн бұрын

all reimbursement are not taxable

@jitugoyal02 4 ай бұрын

salaried person ke ye aek hi video he kya? jiska video dekho wo same format .. :)

@incometaxwallah 4 ай бұрын

Hamare channel pe kai videos h

@laxmikanth4652 4 ай бұрын

Can a state government employees claim children allowances for 2 kids?If it so what proof we need to provide to employer

@incometaxwallah 4 ай бұрын

Yes, it's for all kind of employees. And no proof is required

@pankajpatel4478 9 күн бұрын

Sir children hostel allowance and education allowance 4800.00 claim karne ke liye form 16 me hona chahiye?

@mrfaizan7537 Жыл бұрын

Do we really need proof for 80D?

@incometaxwallah Жыл бұрын

yes, medical Policy documents

@shantisarup2034 2 ай бұрын

No use, as deductions not allowed under new regime.

@incometaxwallah 2 ай бұрын

You are right, but there are 70% taxpayers who file there return in old tax regime

@Sujeet12901 19 күн бұрын

Sir i am a salary person my net nps contribution is 70k & my lic policy of 135k, may i claim 80ccd(1b) ? Or only claim 80c

@incometaxwallah 19 күн бұрын

You can claim both

@Sujeet12901 10 күн бұрын

@@incometaxwallah thnks sir

@areyoutaxEFFICIENT 5 ай бұрын

Are you TAX EFFICIENT? Do you know from where legal tax heaven STARTS

@incometaxwallah 5 ай бұрын

What

@user-ns7zx8mq6l 4 ай бұрын

Sir aapka email id kya hai.. aapse contact kaise ho payega ??

@incometaxwallah 4 ай бұрын

connect with us on whatsapp 8448820207

@km-qo4up 4 ай бұрын

Sir apka wtsapp number milega.. thoda tax saving k ware me janna tha

@incometaxwallah 4 ай бұрын

8448820207

@mk-kw4qn 5 ай бұрын

Sir reply plz agar gov sallary parson march me apne karyalay par new regime choose kare and july me ITR fill krte wakt old regime dikha skte hai??? Sir ek hi financial year Ka do change possible hai Ya phir march wala tax collection se koi matalab nhi h

@incometaxwallah 5 ай бұрын

yes any salaried employee, Govt or private, can change tax regime any number of time in each year. Also Subscribe our 2 channels to get latest updates bit.ly/Income_Tax_Wala bit.ly/CA_Sudesh_Gupta

@mk-kw4qn 5 ай бұрын

Sir reply plz agar gov sallary parson march me apne karyalay par new regime choose kare and july me ITR fill krte wakt old regime dikha skte hai???

@incometaxwallah 5 ай бұрын

Yes, new se old aur old se new tax regime m file kar sakte h. Koi problem nahi h isme.

@mk-kw4qn 5 ай бұрын

Sir ek hi financial year Ka do change possible hai Ya phir march wala tax collection se koi matalab nhi h

@incometaxwallah 5 ай бұрын

ek hi financial year ka two change possible hain