How to calculate income tax in New Tax Regime | FY 2024-25

  Рет қаралды 32,216

THINKING TAMIZHA

THINKING TAMIZHA

2 ай бұрын

How to calculate income tax in New Tax Regime
5 Steps to calculate income tax
1. Identify income sources
2. Calculate exemptions and deductions
3. Calculate Net Taxable income
4. Calculate Tax as per tax slabs
5. Finalize tax - apply CESS, Surcharge, Rebate
How to select old or new tax regime tamil? - • New Tax Regime vs old ...
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)
docs.google.com/spreadsheets/...
Know about FORM 16 - • Everything about Form ...
Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more: • HOW TO CALCULATE INCOM...
How to read your Payslip - • Understand your PAY-SL...
Difference between CTC vs Gross vs Net Pay - • Why In-Hand Salary is ...
HRA exemption - • How to calculate House...
Penalty on Late payment of Income tax - • High interest rate on ...
HRA exemption - • How to calculate House...
Important documents need to file Income Tax Returns - • 5 IMPORTANT DOCUMENTS ...
Why do you need to file IT - • WHY SHOULD YOU FILE IN...
Complete details on 80C: • Section-80Cஇல் 14 வழிக...
EPF in Tamil: • Employee Provident Fun...
PPF in Tamil: • Public Provident Fund ...
NPS in Tamil: • NPS is Tamil | Nationa...
ULIP/LIC & money back plans: • What is ULIP and Guara...
ELSS: • ELSS - Equity Linked S...
Sukanya Samriddhi Yogana: • Sukanya Samriddhi Yoja...
Comparison of 80C: • Section 80C Comparis...

Пікірлер: 69
@sivakumarg4294
@sivakumarg4294 20 күн бұрын
BRO, YOUR VIDEOS ARE VERY CLEAR AND INFORMATIVE. PLEASE GIVE ONE VIDEO FOR HUF TAX CALCULATIONS 2024-25.
@rharihararamakrishnan6946
@rharihararamakrishnan6946 28 күн бұрын
Can you please tell me if we have to take the gross or net price (including brokerage charges) of shares both in purchase and sale in the contract note while calculating caputal gain. A video in this will be helpful.
@mani91811
@mani91811 3 сағат бұрын
For second person, tax upto 7 lakh has to be deducted,while computing tax.
@nandhuandsteve
@nandhuandsteve Ай бұрын
Bro oru return file pani katuga forms la enna enna updates vandhu iruku nu ... Indha year la neraiya updates vandhu iruku bro neraya confusions iruku
@nirmalad4782
@nirmalad4782 Ай бұрын
Is there any tta, ttb exemptions for deposit interests in new regime
@mbaskar1695
@mbaskar1695 2 ай бұрын
Hi Bro, Can you please post a video about tracking all the investments like SSY,NPS,PPF, MF, and stocks using Google Sheets?
@LinnetRajakumari
@LinnetRajakumari 19 күн бұрын
Is monthly LIC refund amount from LIC jeevan Nidhi policy taxable
@esaa4530
@esaa4530 8 күн бұрын
thank you sir
@nandhuandsteve
@nandhuandsteve Ай бұрын
❤❤❤ super
@stephenraj1895
@stephenraj1895 2 ай бұрын
Clear explanation, Thanks bro. NPS and EPF employer contribution irukra maari oru example potrundha inum better ah irundhurkum. Actually unga video paathu dan new tax la indha deduction irukune therinjukten. Standard deduction 50k thavira vera edhum kedaiyathu nu nenachen. Thanks bro
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Yes. Will do a separate video on tax savings in new tax regime. Adhula poduvom.
@stephenraj1895
@stephenraj1895 2 ай бұрын
Thanks bro. Waiting
@venkateshabalajibalan2706
@venkateshabalajibalan2706 2 ай бұрын
Practically namma gross salary oda employer contribution ah income ah add panna than employer contribution exemption irukum.. neraya office la employer contribution ah income la edukarathu illa sir
@venugopalak9963
@venugopalak9963 13 күн бұрын
How to calculate senier citision
@nandhinianjalrajan2158
@nandhinianjalrajan2158 7 күн бұрын
Bro indha tax calculation formula kidaikuma
@madhubalan
@madhubalan 2 ай бұрын
Sir, Excellent video, very good explanation. Sir, pls make video for senior citizen (Pensioner) under new tax regime
@thinkingtamizha007
@thinkingtamizha007 Ай бұрын
Sure
@sathyaprakashmaruthai7928
@sathyaprakashmaruthai7928 3 күн бұрын
Where is rent of house property letout you have claimed interest paid on let out property but no mention about interest income on let out property.
@a1browsingcenter276
@a1browsingcenter276 Ай бұрын
Bro Credit card payment upi ais 1038036/- tax payment
@KannanKannan-yp8jf
@KannanKannan-yp8jf 11 күн бұрын
Default mean meaning Tamil enna vaethai sollungaal
@vinitha96
@vinitha96 2 ай бұрын
Under new regime, apart from standard deduction any other option available for reducing taxable income
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Its mentioned in the video
@jagaklinger2446
@jagaklinger2446 2 ай бұрын
Bro I understand but one doubt if employer PF contribution irundha adha calculate pananuma pana kudatha bro
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Pannanum
@jeganmvengateshm3275
@jeganmvengateshm3275 2 ай бұрын
Hi bro.. Both employer and employees contribute towards employees provident fund.. So in new regime both employer and employee contribution towards EPF are non taxable right?. Or just employer contribution towards epf?.. Bit confused here
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Only employer contribution
@vinitha96
@vinitha96 2 ай бұрын
Bro, new regime exemption pathi detailed ah oru video podrinkla
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Ok
@murugesanmmurugesanm7691
@murugesanmmurugesanm7691 Ай бұрын
Sir...net taxable income..15,29,400...new regime calculation amount..tax Rs..165173 only. E filling time IT Department...calculated..2,82,173...? Reason.
@thinkingtamizha007
@thinkingtamizha007 Ай бұрын
They wd have used old regime as you might have selected old regime
@irahulchintu
@irahulchintu 2 ай бұрын
Bro I do trading from stock market Is That profit is considered to our gross income ?? If not, then how to show that income from trading while filing ITR and what's the tax slab details for that ? Please explain.
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Yes.. under stcg and ltcg taxable..
@irahulchintu
@irahulchintu 2 ай бұрын
@@thinkingtamizha007 is it covered under gross income and tax is applicable as per old or new regime tax slab??
@venkateshabalajibalan2706
@venkateshabalajibalan2706 2 ай бұрын
If u r trading.. then it is income from business.. net profit mattum than gross taxable income la add agum
@arun.compass
@arun.compass Ай бұрын
Salaried people who earn money from the intraday stock exchange or futures and options trading should file Form ITR-3. Individuals may use ITR-3 to record revenue from jobs, real estate, capital gains, company or trade (including presumptive income), and other sources.
@Surya-vr1uv
@Surya-vr1uv Ай бұрын
Sir if my crypto profits is 75 lakh ,,what is the tax payable??
@ravichandrankandhan4311
@ravichandrankandhan4311 2 ай бұрын
Hello bro in old tax regime.2 lakh nan kanaku katanum 1.80 lakh katiyachu. remaining 20000 kanaku kata mudiyala.my doubt anda 2 lakh calculate pani tax pudipangala ilana anda remaining amount 20000 ku calculate pani pudipangala.pls explain about this bro
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
2 lac under which sections?
@ravichandrankandhan4311
@ravichandrankandhan4311 2 ай бұрын
@@thinkingtamizha007 80 c
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Up to 1.5L tax calculate panna maatanga
@venkateshabalajibalan2706
@venkateshabalajibalan2706 2 ай бұрын
Unga full details send pannunga.. naan venna solution solran. I am a tax consultant
@MANIKANDANM-tu3xg
@MANIKANDANM-tu3xg Ай бұрын
Ramesh ku en deduction panala.....ppf and insurance?
@nandhuandsteve
@nandhuandsteve Ай бұрын
Because new tax regime la ppf and insurance claim pana mudiyadhu bro
@siiio330
@siiio330 2 ай бұрын
Sir marginal rebate explain pannunga sir
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Will do
@Anonymous-si2sv
@Anonymous-si2sv Ай бұрын
Hello
@160_priyadharsini.k_sec-c8
@160_priyadharsini.k_sec-c8 2 ай бұрын
Hai sir.. please make a video for 2500000 lakh tax strategies..
@venkateshabalajibalan2706
@venkateshabalajibalan2706 2 ай бұрын
25,00,000 lakhs na kandipa new regime than.. even if u have housing loan
@Imran_A09
@Imran_A09 Ай бұрын
​@@venkateshabalajibalan2706new tax regime holders tax file pananuma?
@venkateshabalajibalan2706
@venkateshabalajibalan2706 Ай бұрын
2,50,000 is basic exemption list athuku mela irukara ellarum tax return filing pannanum
@Imran_A09
@Imran_A09 Ай бұрын
@@venkateshabalajibalan2706 Oh okay, Thanks brother
@lakshmipriya8888
@lakshmipriya8888 Ай бұрын
Can you explain why
@Imran_A09
@Imran_A09 Ай бұрын
New tax regime holders need to file income tax ??
@thinkingtamizha007
@thinkingtamizha007 Ай бұрын
Yes
@Imran_A09
@Imran_A09 Ай бұрын
@@thinkingtamizha007 If I income tax return, Can I get the TDS amount😅or nothing can get amount?
@thinkingtamizha007
@thinkingtamizha007 Ай бұрын
Depends on your tax slab and tax calculation
@Imran_A09
@Imran_A09 Ай бұрын
@@thinkingtamizha007 How can I contact you
@HariHaran-qo5wn
@HariHaran-qo5wn 29 күн бұрын
Marginal relief rebate oru video podunga please
@thinkingtamizha007
@thinkingtamizha007 29 күн бұрын
Ok
@sjohnaugustinh7608
@sjohnaugustinh7608 Ай бұрын
7 lacks 2000 salary sir tax varuma
@nandhuandsteve
@nandhuandsteve Ай бұрын
U mean 7,02,000 salary? Right
@sjohnaugustinh7608
@sjohnaugustinh7608 Ай бұрын
@@nandhuandsteve yes
@nandhuandsteve
@nandhuandsteve Ай бұрын
@@sjohnaugustinh7608 Any deduction like pf Nps or housing loan interest ungaluku illana tax varum bro
@usharaniramalingam4926
@usharaniramalingam4926 29 күн бұрын
Is family pension a taxable income.
@thinkingtamizha007
@thinkingtamizha007 29 күн бұрын
Yes
@beggarboyztech8725
@beggarboyztech8725 2 ай бұрын
Till 7 lakhs no tax?
@thinkingtamizha007
@thinkingtamizha007 2 ай бұрын
Yes
ПРОВЕРИЛ АРБУЗЫ #shorts
00:34
Паша Осадчий
Рет қаралды 6 МЛН
Does size matter? BEACH EDITION
00:32
Mini Katana
Рет қаралды 20 МЛН
Red❤️+Green💚=
00:38
ISSEI / いっせい
Рет қаралды 76 МЛН
A clash of kindness and indifference #shorts
00:17
Fabiosa Best Lifehacks
Рет қаралды 109 МЛН
Maximum Bank FD Limit..!! | For No Income Tax Notice | Fixed Deposit TDS Limit in Tamil
9:07
Who Should File Income Tax Returns?
10:07
THINKING TAMIZHA
Рет қаралды 3,7 М.
ПРОВЕРИЛ АРБУЗЫ #shorts
00:34
Паша Осадчий
Рет қаралды 6 МЛН