Old vs new tax regime: Which one should YOU choose?

Old vs new tax regime: Which one should YOU choose? | Old vs new tax regime 2023

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Old vs new tag regime: Which one should you choose? | Old vs new tax regime 2023
In this video, we discuss which tax regime should you opt for in financial year 2023-24, the old tax regime or the new tax regime? We discuss both old and new tax regimes in detail, and through 5 different case studies tell you which tax regime will be suitable for you. This video is specifically for salaried professionals who want to understand the difference between old and new tax regime in FY24, and decide the one which is best for them.
Detailed video on Budget 2023 announcements and income tax slabs: • What changes for you a...
0:00 - Introduction
0:44 - Understanding the changes in tax slabs from FY24
5:38 - Case Study 1
7:14 - Case Study 2
7:50 - Case Study 3
9:10 - Case Study 4
10:18 - Case Study 5
12:08 - Other cases
12:57 - Closing
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Пікірлер: 121

@akshaykatoch6487 Жыл бұрын

Loved the work.. Thanks for such a good content. 🎉

@parthsalat Жыл бұрын

Highly informative video...thanks a lot!

@ManikanthDharmavarapu Жыл бұрын

Thanks for this informative video..! Just wanted to clarify if the NPS deduction can be claimed under New Regime even if it’s paid by self and not through employer contribution.

@komalkshatriya-zs9tn Жыл бұрын

There's very unusual Assumption here.. that we don't have any other income other than Salary income which is NOT the case mostly. We do have other incomes like Savings & FD interest, Dividend income, Capital Gains, House Rent income, or any other income. In that case this whole video and explanation goes haywire as the Basic Assumption is Changed.

@rajkumaraddu Жыл бұрын

Hi, thank you for the information. Please suggest, Can I avail room rent and home loan (on under construction home) at a time on old taxation?

@aruntyagi2033 Жыл бұрын

Thanks, sir you are very clear is all aspects and made me understand clearly which one to choose, many thanks

@alive_adityaa Жыл бұрын

One more simple thing...if you don't have any deduction like 80C, Home loan etc then go with new regime. Bcz it's not suitable for everyone to take house loan risk just to save few thousands rupee taxes with old regime.

@abhishekkhandelwal3874 Жыл бұрын

Is employee and employer both EPF contributions considered for CTC calculation for the new tax regime ?

@rajdigitalpark Жыл бұрын

Bahut hi achhe se samjhaya hai apne sir ji thanks a lot

@KeshavBansal99 Жыл бұрын

Great content.

@RaviGupta-ge1jp Жыл бұрын

Which tax regime will be better if your only source of income is capital gains from investments? Also if your only source of income is capital gains from investments managed by you and you have no salary of business income, then can you switch back and forth between old and new regimes?

@mdzaid5925 Жыл бұрын

Ye sab milke khali confuse hi kr rahe hai. Abhi FY 2022-2023 ka ITR file kia, 7.01 lpa pe 34.5k tax pay kia hai.

@abhaypatankar8998 Жыл бұрын

My taxable income is 7.4 lakh after standard deduction, but I have availed home loan. What are the exemptions to avoide the tax?

@NITINKUMAR-hp6wu Жыл бұрын

Yadi mere office ne new tax regime choose kiya hai aur mai usko change krna chahta hun to kya change karke old tax regime kar sakta hun aur kaise, please tell

@vikasmishra247 Жыл бұрын

Informative.👍

@reenasingh5173 Жыл бұрын

maine iss saal FY 2022-23 ke liye e-filing karte time old regime select kar liya lekin ab main new regime main bharna chahta hu. par ab new regime select nhi hora hai e filing main. koi solution bataye.

@deepshah9563 Жыл бұрын

Hi,for business owners,drawing a salary,how do we compute ?

@arghyagoswami Жыл бұрын

as per my understanding if your income is more than 15 L per year and your extra deductions (over above Standard Deduction) is 4L or more then Old Tax Regime is beneficial. But if your extra deductions is less than 4L then New Regime is beneficial. Please correct me if my understanding is incorrect.

@videoview5179 Жыл бұрын

Thank you

@haryashwasinghthakore7527 Жыл бұрын

Lucid and informative

@dineshs3409 Жыл бұрын

Rent benefit new tax regime mai hai ya nahi aur uska calculation same hai kya?

@sachinmittal608 Жыл бұрын

Helpful

@Smith96232 Жыл бұрын

Is salary employee can file ITR under new tax regime?

@prabhakarakshay 11 ай бұрын

Can the regimes be switched in the mid-year or any time in the year?

@mustansirhaji3019 Жыл бұрын

What about more than 31 Lakhs income? Old or new which one to choose?

@Kkohli Жыл бұрын

On your website it shows tax on 725000?

@badboy_apacheian 11 ай бұрын

Very informative 😊

@11387ster Жыл бұрын

What about 80G, 80GG, 80DD, 80U and other deduction in new tax regime ?

@rajkumarkanwar4330 5 ай бұрын

Bahut badhiya

@semikolon4229 Жыл бұрын

Thanks

@ppj90 Жыл бұрын

Is Sodexo meal card monthly amount still tax exempted in New Regime (after budget) for FY 2023-24? If not can I get rid of it & take it directly in salary?

@Gourav_singh_chouhan Жыл бұрын

Yes sodexo meal card 26400 upto exempt

@Learnsql114 6 ай бұрын

Sir While filing itr it is showing as interest payable 16k To avoid penalty can i apply for condonation of delay instead of filing itr by due date 31st december 2023

@ghuleavadhut7476 6 ай бұрын

Which of the new and old slabs is selected in which month from March to February ?? Please 🙏 reply 🙏

@chandrasekharsahu9228 Жыл бұрын

Bhai nps ka 50000.koun batayega,

@ramamoorthysarangapani7258 Жыл бұрын

I am a super senior citizen having net taxable income including other income exceeds Rs 5lacs for fy 22-23 as pension. I have to pay addl amount of Rs Rs12500 from 2.5 to 5lacs.? Or have to pay tax only for the amount exceeding Rs5 lacs ? There are different version pl clarify namaste

@HIMANSHUSINGH-bh4cs 11 ай бұрын

Can I pay tax with new tax regime this year and then switch to old later?

@mmchauhan1127 Жыл бұрын

new tax me 80C diduction kaha milata hai . confusion hai .plz explain .

@ranitpaul3353 Жыл бұрын

Well explained

@shilpitapriyadarshini6575 Жыл бұрын

Thanks for clearing the confusion :)

@affordableoffbeats 8 ай бұрын

Beautiful presentation

@hareshpatel1467 Жыл бұрын

Hello sir please tell about tax limit for senior citizens and super senior citizens

@aruntyagi2033 Жыл бұрын

You should consider this case for senior citizens and very senior ctzns

@akashk6894 10 ай бұрын

my package is Under 7 lakh but at time ITR filling it asking me to pay amount 18130 rupy?what is this?

@deepakbagha4056 Жыл бұрын

Hi say My salary is 12 lpa and I have investment+ rent = 1 lakh 40 thousand. Then which tax regime is beneficial.......Please reply

@dineshkumarpatra1695 Жыл бұрын

In new tax regime standard deduction is available for everyone? And meal voucher is taxable or not in new tax regime?

@vinaygupta2421 Жыл бұрын

Standard deduction available for everyone.. yes meal voucher is not taxable in new regime

@khagenchandrabordoloi7943 7 ай бұрын

New tax regime me income tax return file hoga ki nahi

@shivanishahi157 Жыл бұрын

Sir please illustrate more about employer's nps deduction from income tax.

@vinaygupta2421 Жыл бұрын

This comes under 80ccd2 ..

@Prakhar_Choubey 6 ай бұрын

Hey I just wanted to confirm whether or not we can change our tax regime in any we'd like

@aritramukherjee Жыл бұрын

12:48 this is new I knew from here. great conent

@rajneesh_bhasker Жыл бұрын

My salary is 10.25 Lacs/annum ... Which one I have to choose?? Old or new Regime?

@voraciousreader5 Жыл бұрын

Tag regime kya hota h

@imperial_Dragnix Жыл бұрын

I just opened my 2nd demat ac with groww for trading . I was frustrated with dp charges of my full time stock broker.

@Groww Жыл бұрын

Hi, All our charges are transparently mentioned on groww.in/pricing, however, if you have any issues/concerns regarding charges, please send us an email on support@groww.in and we would resolve your issue at the earliest. You can also call our customer care number +91-9108800604. Groww’s customer care support team is available from Monday to Friday - Between 9:00 am and 7:00 pm, on Saturday - 9:00 am to 2:00 pm Read more on Groww: groww.in/blog/groww-helpline-number/ Thanks

@pritompaul4545 Жыл бұрын

Koi yeh batayega, salary income joh hai video mein woh kya CTC hai yaa inhand of a year hai ?

@Reddy_Fiji Жыл бұрын

CTC ya Gross per year

@anilsinghrawat22 Жыл бұрын

what about those who are under NPS?

@DrRaviGulati Жыл бұрын

Thanks for the informative video. You didn't consider the case where Gross salary is above 16 L.

@pbsclinicalresearchpharmac3569 6 ай бұрын

My package is 3.5lpa and in taking home loan of 15lakhs. Which tax regime should I choose?

@aniruddharay2298 Жыл бұрын

Hello grow, kindly post results of all companies in short.

@akashshrivas3423 Жыл бұрын

Tax on basis pay or ctc

@shaileshbuchiya2059 4 ай бұрын

FY 2022-23 i have selected ITR3 and old tax regime as i have Salaried income and F&O PNL, For FY 2023-24 Can i opt for new regime, am i eligible to switch tax regime every year as i am Salaried employee and with business income F&O? Can any one help me to answer this.

@Groww 4 ай бұрын

Hi Shailesh, We would like to inform you that, you can connect to your financial advisor/auditor for further assistance. Thank you

@abdulafeel9477 Жыл бұрын

Which tax is better if i have 5 lakh package? And I am working from home

@Reddy_Fiji Жыл бұрын

If income is less than 10 lakhs. A new Tax regime is better

@akashk6894 10 ай бұрын

@@Reddy_Fijimy package is Under 7 lakh but at time ITR filling it asking me to pay amount 18130 rupy?what is this?

@TrueWordLov 5 ай бұрын

20% direct tax old me aisa kyu kiya gya hai jbki new me nhi hai? Ise samjhaeye bhai ...jo aage ke liye kisme fayda hoga????? Bhai 2yr se itr nhi bhara hai...kya loan milega????explaind..hindi

@MahendraBargot25 Жыл бұрын

Mutual funds ke liye paytm payment bank Autopay ke liye best he sir ❤

@rajkishoresrivastava9054 5 ай бұрын

New tax scheme me bank intrest ki chhut hai ya nahi

@vinaykushwah8290 Жыл бұрын

O se 3 lakh ke between standard tax kyu lgrha h

@sudindrabv8517 6 ай бұрын

Informative video. Rate of speech can get better.

@Bhargav-dj7ep 6 ай бұрын

For New Tax Regime (

@pullurumahendhar4786 Жыл бұрын

My doubt was : Can we select the new regime with exceptions / deductions and in deductions can i show the EPF/PPF/NPS ?

@sanwarimahajan Жыл бұрын

@sahildonde8729 Жыл бұрын

If a person opts for New Regime then can he switch to Old Regime in next FY ? or vice versa ? Is there a option to switch regime in next FY (both ways) ?

@ranger-kb7il Жыл бұрын

No you can't change once you choose one regime for a financial yaer

@akshay038700 Жыл бұрын

In u r salaried u can change multiple times

@imran4784 Жыл бұрын

Mine is 7LPA with only HRA declared of 10k/month. Which regime is better?

@soubhikdutta6184 Жыл бұрын

New tax regime

@SomnathMalik__EC Жыл бұрын

income jo assume hori h ye on hand jo salary h uski baat h?

@vinaygupta2421 Жыл бұрын

No ctc

@hennawadhwa929 Жыл бұрын

Gross income

@vikash8624 Жыл бұрын

@@hennawadhwa929 kya CTC full taxable he. Yah Kuch deduction hoga

@priteshpatil3144 Жыл бұрын

Aap daily ke kuch yese shears bataiye ki wo bullish horahe hai, or ham usme investment kar sakte haiii...

@shreyasshirke8600 Жыл бұрын

My salary is slightly below 5 LPA and our company has asked us to select tax regime. Why ? And which one shall I choose ?

@noushad4708 Жыл бұрын

We can give rent to father during work from home so old is better.

@narayanthombre9267 Жыл бұрын

25000 ka deduction kaisa le

@Akashbhai20 Жыл бұрын

Nice

@travelacrossindia1074 Жыл бұрын

What about more than 20 LPA ?

@Gambler007bond Жыл бұрын

I hv 12lac ctc only 150000 80c i can show in saving then which tax raxime will be better..pls suggest

@investorkida Жыл бұрын

Rent k liye only Rs 60000/- allow karta hai

@laxmikalyanpaikroy1172 Жыл бұрын

Standard Deduction sabke liye lagu hey

@vinaygupta2421 Жыл бұрын

Yes

@Morta1ity1 Жыл бұрын

Why doesn't the government just have One Tax Regime 😢 Itna complicate kyu kar Rahi hai government

@Kkohli Жыл бұрын

Bore ho rahe thai toh kuch nikaal diya

@user-qu2pd2vi9s Жыл бұрын

Because Govt wants to extract more money from you

@amlanbhattacharya2001 Жыл бұрын

Sir govt has also introduced marginal relief in new tax regime you should also inform this to the taxpayer..... give proper information

@AshishKumar-bs7um Жыл бұрын

Plz tell

@amlanbhattacharya2001 Жыл бұрын

@@AshishKumar-bs7um what to tell

@saiyadminhajuddin5455 7 ай бұрын

Einstein said: if you can't explain simply..you don't understand it clearly..

@Realfacts182 Жыл бұрын

Old is Gold

@gnes04 4 ай бұрын

Do the videos in English also please. People from all over India watch these.

@supriyachakraborty6511 3 ай бұрын

New tax regime is the worst ever. Essentially asks you to not invest in 80c or buy a house. Government should consider abolishing it.

@ajalmighty4565 Жыл бұрын

Video is too late,

@rajkishoresrivastava9054 5 ай бұрын

Bank intrest ki chhut kitni hai senior citizens ko

@neerajgoswami8238 Жыл бұрын

1 trade ka 59 rs lg raha kyu

@user-zg7mk5qv8i 9 ай бұрын

Why video in hindi? Grow users are not only hindi knowing persons.. It is used across PAN India

@whatsappstatus2017 Жыл бұрын

Mine is 6lpa so no tax deduction right? Your response will be highly appreciated

@investwithakash Жыл бұрын

If you choose the new regime there will be no tax for you

@whatsappstatus2017 Жыл бұрын

@@investwithakash thank you brother😊

@sanjayror Жыл бұрын

Why are you not taking about whoes CTS is greater than 25 LPA only giving example of 07to 15 LPA

@sashankadeka7 Жыл бұрын

Kanan bahl finance wallah se groww mai kab aagya🤣

@sanjayror Жыл бұрын

No one talking about whoes CTS more then 20 LPA than how "New Tax Regime" will be benifical for them, because they don't have any option of Investment