Old vs New Tax regime with calculations | Calculate Income tax for 2024

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Күн бұрын

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Old Tax Regime:
Offers numerous deductions and exemptions (e.g., HRA, 80C, 80D).
Suitable for taxpayers with significant investments and savings.
More complex with detailed documentation and planning required.
Lower tax slabs but potential for substantial tax savings with proper planning.
New Tax Regime:
Provides lower tax rates with no deductions or exemptions.
Simpler and easier for taxpayers with fewer investments.
Beneficial for those without significant investments or tax-saving expenses.
Encourages straightforward tax filing with fewer documents needed.
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
Time stamp:-
0:00 Introduction
0:43 Excel bundle tool
1:12 Old Vs new Tax regime
3:34 Tax slab 5L &7L salary
7:17 Odin school course
8:17 Tax slab 15L salary
12:15 Tax calculator
13:49 Deduction and exemption
17:59 HRA calculations
20:09 Tax calculator
23:16 Tips for Tax deductions
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Пікірлер: 53

@AccountsAdvice Ай бұрын

@murarisingh5825 Ай бұрын

Mam koi aisa trick h jis me ye kr pau ki kisi v purchase order k against dubara same material ni billing ho plz plz plz

@SARWANKUMAR-sr6ip Ай бұрын

Pls mam tallyprim 4.1ki ek full video with GST TDS and tcs return process ke sath banao or balance sheet finalise kaise krte hai

@rahulpatil-nc6wr Ай бұрын

Thanks Mam for making tax detail video and its very helpful for me yr are really best teacher 👍

@skishanali6181 16 күн бұрын

Thanks a lot for making this extremely informative and crucial video

@abhishekrajput6627 Ай бұрын

Thanks

@soumenmallick7080 Ай бұрын

Thanks a lot ma'am. Highly benefited from your videos.

@AccountsAdvice Ай бұрын

It's my pleasure

@Avidit 26 күн бұрын

Thanks a lot ma'am, it's quite informative.

@AccountsAdvice 26 күн бұрын

Most welcome 😊

@ankushdhokane8105 Ай бұрын

Thanks mam most important video

@AccountsAdvice Ай бұрын

Most welcome 😊

@AmitKumar-mg9zj Ай бұрын

Shandaar

@swetaswansi8241 Ай бұрын

Thank you so much .

@AccountsAdvice Ай бұрын

You're most welcome

@azharkhan187 24 күн бұрын

Very good ma'am🎉

@AccountsAdvice 23 күн бұрын

Thanks a lot

@rajyogaeducation 11 күн бұрын

good

@AnuKumari-qe7qw Ай бұрын

Thank you for this informative video mam ❤

@AccountsAdvice Ай бұрын

My pleasure 😊

@Mashkoorahmaddar Ай бұрын

Hlo@@AccountsAdvice

@dharmenderkumar2906 Ай бұрын

Thanks mam to provide tax/hra calculator.

@unacademyplatform1435 Ай бұрын

Kha hai calculator

@MrRavishankar12 Ай бұрын

When was currently running old tax regime was introduced? Point of asking this question is that if it is 20 years old and still running then government should reform the tax scheme considering rate of inflation and due to which Public and Pvt. both sectors have raise salaries of their employees. Is not it?

@adarshroy279 Ай бұрын

mama plzz make a video of how to calculate tds late r penalty amount??

@sandeepdewangan9645 Ай бұрын

Didi Tally me CLOSING STOCK aur NET AVAILABLE me difference kya h,plzz answer

@DEEPAKROY-jz3cc 26 күн бұрын

love fr Assam. mam please make a complete gst accounting in one hour video. Tnx.

@AccountsAdvice 26 күн бұрын

Already uploaded, please check the playlist

@SaifAli-ip3fq Ай бұрын

what is difference between as per Company Group and specific detail in here ? Please clear 🙏

@supersecret2978 Ай бұрын

Dear Mam, TDS ke All section kis par kitna Tax h Contract,professional fees, interest other then security, winning from game, commission or brokerage, rent on building, insourance commission, Rate percentage exemption / threshold limit A to Z full detail video bna do chahe video Long hi kyu na ho

@abhishekrajput6627 Ай бұрын

Bhai description me free h TDS chart download krle

@MonuSaini-gn2wx Ай бұрын

Ma'am income tax ka bhi full course lekr aaiye 🙏🙏

@SuveekshaShetty0815 Ай бұрын

Madam please do the share market courses in full detailed

@goodthoughts3756 Ай бұрын

Mam arts students be kya accountant ban sakte hai kya future salary growth hoghi kya

@mirmansoorali7333 Ай бұрын

Itr full information pe videos banao mam 1:15

@vijayrajbhar6143 Ай бұрын

tally prime pr job mil hi nhi Raha hai

@borellidharmarajmcom5429 Ай бұрын

80C, HRA, NSS, interest in Home Loan, Principal of HL repayment,PF deduction are eligible or not in Old regime.what about in new régime. Please explain madam.

@dimpalpatel9220 Ай бұрын

In new tax regime deductions are not applicable. Explained in the video

@madhusudanmhatre5107 Ай бұрын

❤ ThankYouVeryMuch!🎉 Myself want to EFilings ITR July 2024! Can You Kindly Advice, Guide, Suggest, Support, Help me out?

@rahulsamui9366 Ай бұрын

Business k slab aki ha?

@SuveekshaShetty0815 Ай бұрын

Madam, How to calculate the GST in Excel sheet and how to file in GST portal.. please iska course chahiye..

@AccountsAdvice Ай бұрын

banaya he pls visit youtube channel

@pravinwankar2181 28 күн бұрын

I am working as a train driver in Railway. In old tax regime i get deduction of running allowance to the extent of 70% of such allowance subject to maximum of rs 10000/ per month under section 10(14). If I opt new tax regime will this deduction be available in new tax regime also? Please clarify.

@RoshanKumar-kr3wk 27 күн бұрын

Yes it is available under new tax regime