Income Tax Calculation between ₹3 Lakh to ₹20 Lakh | ZERO Tax up to 9 Lakh Income [Hindi]

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Income Tax Calculation between ₹3 Lakh to ₹20 Lakh | ZERO Income Tax up to 11 Lakh Income
In this video by FinCalC TV we will see Income Tax Calculation examples 2023-24 with old and new tax regime considering deductions and investment options in hindi. We will also see how you have to pay ZERO Income Tax with Tax Rebate 87A using old and new tax regime slab rates 2023-24 in hindi.
This video also covers what is tax rebate 87A along with relief in income tax and income tax calculation examples. We will also see income tax calculator.
Income Tax Calculator Online:
fincalc-blog.in/income-tax-ca...
Income Tax Slabs 2023-24:
fincalc-blog.in/old-vs-new-ta...
New Tax Regime Deductions Allowed:
fincalc-blog.in/new-tax-slabs...
DOWNLOAD Income Tax Calculator App on Mobile:
play.google.com/store/apps/de...
JOIN Telegram Group:
t.me/fincalc_tv_channel
CHAPTERS:
00:00 Income Tax Calculation Examples Intro
00:56 Deductions considered to Save Income Tax
03:22 ZERO Tax with Tax Rebate under Section 87A
04:26 Using FinCalC Income Tax Calculator
05:35 Income Tax on Rs. 3 Lakh Income
06:40 Income Tax on Rs. 4 Lakh Income
07:00 Income Tax Calculation on other Incomes
13:52 Conclusion
HRA Calculation Video:
• HRA Calculation in Inc...
Tax Saving options with Old Tax Regime:
• SAVE Income Tax using ...
New vs Old Tax Regime Which is Better:
• New Tax Regime vs Old ...
Section 80C Deductions List:
• Section 80C Deductions...
After watching this video following queries will be solved:
How To Calculate Income Tax FY 2023-24 AY 2024-25?
What are the income tax slab rates for FY 2023-24?
What is standard deduction for FY 2023-24?
Old Slab rates vs new slab rates?
Income Tax calculation FY 2023-24 using excel examples?
Tax rebate under section 87A?
What is tax rebate u/s 87a
Eligibility for tax rebate 87a
Old income tax slab rates calculation vs new income tax slab rates calculation
standard deduction new tax regime
New tax regime vs old tax regime which is better
NEW TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 3 lacs
- 5% Tax on Income between Rs. 3 lacs to Rs. 6 lacs
- 10% Tax on Income between Rs. 6 lacs to Rs. 9 lacs
- 15% Tax on Income between Rs. 9 lacs to Rs. 12 lacs
- 20% Tax on Income between Rs. 11 lacs to Rs. 15 lacs
- 30% Tax on Income above Rs. 15 lacs
OLD TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
- 5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
- 20% Tax on Income between Rs. 5 lacs to Rs. 10 lacs
- 30% Tax on Income above Rs. 10 lacs
EXAMPLES:
Let's say your gross total income as Rs. 6,15,000
Let's say your total investments as Rs. 75,000. So your net taxable income becomes equal to Rs. 6,15,000 minus Rs. 75,000, which is equal to Rs. 5,40,000. These Deductions are applicable only if you are using Old Tax slab rates. Your net taxable income when considering New Tax slab rates remains Rs. 6,15,000, as no deductions are applied on your total income.
Now to calculate your income tax, if you are an employee or pensioner, you get a standard deduction of Rs. 50,000 only if you are using old tax slab rates.
So your net taxable income becomes equal to Rs. 4,90,000 if you are using Old Tax Slab Rates. But it remains as Rs. 6,15,000 based on new Tax Slab rates.
WATCH FULL VIDEO TO KNOW MORE ABOUT NEW INCOME TAX SLAB RATES AND MORE EXAMPLES.
#IncomeTax #Examples #FY2023-24 #IncomeTaxCalculation #FinCalCTV
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.

Пікірлер: 83

@fincalc 6 ай бұрын

Income Tax Calculation Video kaisa laga? COMMENT KARO 👇👇 Income Tax Calculator Online: fincalc-blog.in/income-tax-calculator/ JOIN Telegram Group: t.me/fincalc_tv_channel

@Malhar1903 24 күн бұрын

Standard deduction ?

@bhavnapandey2307 6 ай бұрын

OMG you're AMAZING! No one has ever explained tax like this before. Glad I stumbled upon your channel.

@prabhakarpawar3369 6 ай бұрын

सर खुप छान माहिती आहे मी नव्याने लेखा विभागात काम करीत आहे मला आपल्या माहितीचा खुप फायदा होत आहे , धन्यवाद सर

@arnabusct 3 ай бұрын

Bro, bahot zabadast video banaya aapne... Thanks for all the calculator u put! Awesome work... keep it going. Luv ur channel! Ekdum sahi data mention kiya...

@rajkumarsrivastava6718 2 ай бұрын

बहुत ही सुन्दर वीडियो लगा आपका कितने सरल भाषा में आपने समझा दिया.. बहुत बहुत धन्यवाद 🙏🙏

@teacher6074 6 ай бұрын

Nice explain

@lukeshparihar3747 6 ай бұрын

Very nice

@user-to5qj6pf6y 5 ай бұрын

@fincalc : compensation amount for example for divorce settlement ke upar income tax bharana hota hai kya ?

@RohitsharmaIT 5 ай бұрын

80ccd(2) ko kaise calculate kre kaise tax rebate le plc btaye NPS employer hand

@sahudomendra239 2 ай бұрын

So nice Bro

@user-ec9ml5fm8r 6 ай бұрын

Bhai please make a video on ITR filling for a coaching teacher

@pravinkadu9244 6 ай бұрын

Excellent guid

@fincalc 6 ай бұрын

Glad you liked it

@ManjitSingh-zh1hn 6 ай бұрын

Pensions ke lie tax ke bare vedio banao please.

@manvikyadav4272 6 ай бұрын

Sir agar NCS m agar m 2024 February m 1 lac fd karva du to kya 2023-2024 tax m rebate milega ye ye 2024 -2025m count hoga

@neel8408 6 ай бұрын

sir income tax kaese file kre uspe video banaiye😊

@suranjanlimma4713 4 ай бұрын

Hello, will tax applicable if I opt new regime for approx 7.5 L ?

@senbarna8259 5 ай бұрын

But our Accountant has said there will be no deduction under New Regime, if salary is within 7.5lakh to 8.5 lakh. Talking about private school teacher, age 57 yrs.

@ameerahmadlectures2690 5 ай бұрын

New tax regime m royalty per deduction milega ya.nahi

@atulchandradeka8328 5 ай бұрын

Whether income tax has to be paid on interest accrued more than Rs2.00 lacs though total income is less Rs7.00 lacs under new tax regime for house wife.

@urname6423 5 ай бұрын

Bro in MNC I selected for 8 lpa.is it ok .shall I take 7.9 lpa to avoid tax which is best bro?

@Attitude_Killer_ 6 ай бұрын

Crypto Tax saving video please 🙏

@gangacharan8831 Ай бұрын

Kindly advise tax liability for following case in nee tax regime with benefit under section 87A. Age 73 years Pension : Rs.1.5 lakh NCD interest :Rs.4.25 lakhs LTCG equity MF: Rs.1.5 lakh Total income Rs.7.25 lakh

@Virel-video-dz3js 4 ай бұрын

👍

@Labanya6280 6 ай бұрын

Sir, Namaste. Saving account interest deduction ₹ 10,000 applicable on new tax resim ? Waiting for kind reply. Thanks.

@fincalc 6 ай бұрын

no, only in old tax regime

@surendramaurya8752 6 ай бұрын

magnificent👌

@SridharanThirumalachari-nc5uj 5 ай бұрын

For pensioners no HRA is given. For rental paid can pensioners get rebate?

@bappabiswas3507 Ай бұрын

Mera current account pe 4 crore 20 lakh transaction he 2023-2024 FY, tax amount ki hoga?

@funknowledges2673 6 ай бұрын

Sir,u/c 80ccd 2 me government employees k liye basic +Da ka 14% ka maximum kitna deduction milta hai????

@shailendrakumrawat6440 4 ай бұрын

No limit

@Rhlbidhlan 6 ай бұрын

Hra rebate krne me koi document toh ni.produce krna padega bad me agar 50000 eligible hota hai rebate

@sushmitadutta2783 3 ай бұрын

80U and 80 DDB both deduction s ,can Senior citizen claim?

@manasdas2933 5 ай бұрын

Sir please clarify for a salaried person in new regime whether one can not deduct professional tax from gross income

@Pu-nishant 4 ай бұрын

@kalyangupta476 6 ай бұрын

From which month to which month income is calculated sir...pls make video Also for business people

@fincalc 6 ай бұрын

income from April month to march month of next year is considered, which is termed as financial year, example - April 2023 to March 2024 is called FY 2023-24

@salmanpatel2968 6 ай бұрын

Bhai mere salary account me 2 lakh ka credit hota he for paying credit card bill to wo taxable he?

@KaranSirInfoTech 5 ай бұрын

hota to hai but ignore it

@shyamkishoresharma658 5 ай бұрын

Interest on FD exemption of Rs 50000 for senior citizens is also available. Please mention the section of IT Rule 1961.

@nclon11 3 ай бұрын

I guess it's available in both

@user-ns7zx8mq6l 3 ай бұрын

Sir Aapne incm tax calculator app me 80ccd 2 add kyu nah ikia???????😢😢😢😢😢

@user-ht7pi8tu7q 5 ай бұрын

Bhai 30 lakh pe kitna hoga new tax regime par

@user-ws4rd8rb9y 5 ай бұрын

Old or new pension kab kab select kar sakte hai

@keerthipradeep8832 5 ай бұрын

Hi Bhai.. If opted for new tax regime if package is 5.5 lac will tax get deducted

@fincalc 5 ай бұрын

@namdeopeche7150 5 ай бұрын

Sir exal seet bhejo na

@user-rv5kf1lk8i 5 ай бұрын

Interest on housing loan upto 2 lakhs exemption is not considered

@fincalc 5 ай бұрын

not everybody has a home loan deduction component that's why not considered, but it can be considered during your IT calculations

@sukumarans2158 5 ай бұрын

Share trader with no other income, no claimable deduction. Only stcg and ltcg . Clear the scenario pls

@gurusadeybera9004 6 ай бұрын

Sir NPS contribution bale government employee New tax resime2023--2024(Ay 2024--2025).what is the deduction for NPS contribution?

@KaranSirInfoTech 5 ай бұрын

only employer contribution if contribution is shown in gross

@shyamalbhattacharjee1728 2 ай бұрын

Sir if my annual Income is above 2.5 lakh than I need to pay tax ?

@theinnoverse 2 ай бұрын

As mentioned in video, you don't have to pay till 5.5 lakh under old regime and till 7 lakh under new regime

@geetakatara6692 5 ай бұрын

अगर में इस वर्ष मेरी incom 7 लाख से कम है तो में न्यू टैक्स रेजियम लेती हूं और next year अगर में फिर से old tex लेना चाहू तो ले सकती हूं क्या

@ramharimeena4199 3 ай бұрын

Ha le sakti ho

@Malhar1903 24 күн бұрын

हॅलो आपके स्टँडर्ड deduction दिया हैं क्या?

@durgaprasadbanerjee4147 5 ай бұрын

Kato kame tax lagche setai dekhan

@namdeopeche7150 5 ай бұрын

Hame Puri janjare dedo taki hum online pura 16 bhar sake

@rtsuryawanshi9385 6 ай бұрын

18 लाख उत्पन्न आहे इन्कम टॅक्स किती

@miracleboy9099 3 күн бұрын

Income tax konsi date se count hota he?

@fincalc 2 күн бұрын

april to march month

@miracleboy9099 2 күн бұрын

@@fincalc ok sir

@yogendradewangan741 5 ай бұрын

मेरा टोटल इंकम 917000 के आसपास है, मुझे कितना इंकम टैक्स देना पड़ेगा।

@beautifulduniya3938 4 ай бұрын

Bhai reply bhi nahi dete sahi question ka

@parth45472 6 ай бұрын

Hra calculation 100000 meh sirf 35000 claim. Hoga bro

@Manojkumar-uv3ro 4 ай бұрын

Sir HRA calculator wala video dekho Basic + DA , Rent metro city inpe depend krta h , Jo v 3 condition me kam hoga wo rebate hoga

@ramdihal6417 5 ай бұрын

सुपर सीनियर सिटीजंस को 5 लाख तक कोई टैक्स नहीं देना है इस तत्व को ऊपर के वीडियो में ध्यान नहीं किया गया है

@nirmalasheoran7437 5 ай бұрын

11 lakh tk ki income pe tax zero kse kre

@amarjeetkhurana5658 Ай бұрын

Can't you give captions in English?

@fincalc Ай бұрын

will do it

@PrakashNagaraj1993 5 ай бұрын

Your calculation is wrong.. I save 1.5l on 80c and has tax.. but you mentioned no tax.. on 7LPA..

@muralimohanraotanniru4223 18 сағат бұрын

Many people in south india not femiliar with hindi... Try english

@dambarudharsahoo3666 5 ай бұрын

1100000,tax?

@vijendrasinghjadaun9385 5 ай бұрын

मेरी इनकम नौ लाख है कितना टैक्स लगेगा

@prasantakumarbanerjee9274 3 ай бұрын

বিনিয়োগ করে আজ আয়কর বাঁচবে কিন্তু কাল? "ডবল ডবল" আয়কর দিতেই হবে। কমিশনের জন্য অনেকেই নানা মতলব দেবে। তবে সাবধান।

@GOOGLEACCOUNT-gc4vs 6 ай бұрын

Totally wrong assumption. Everybody will not be eligible for HRA deduction of Rs 1 lakh.

@saktlonda3892 5 ай бұрын

All are eligible..no body will come to check how much rent you paying for anything..cause rent is given by cash so all can claim it

@stcreativeeducation1667 5 ай бұрын

Please send me 10 e excel F y 2023 24

@vftjobguru5438 Ай бұрын

Number do sir