Senior Citizen Tax Benefits | Income Tax Return Filing Exemption for Senior Citizen | Section 194P

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Income Tax Wala: (Financial Expert)

Income Tax Wala: (Financial Expert)

Ай бұрын

Download Form 12BBA - Save Tax
bit.ly/Form-12BBA-For-Senior-...
Section 194P of the Income Tax Act, 1961, was introduced to provide relief to senior citizens from the burden of filing income tax returns. Here's a brief overview:
Who it applies to: This section is applicable to individuals who are resident senior citizens, i.e., aged 75 years or more.
Income source: It applies to those who have only pension and interest income from the same bank where they receive their pension.
Exemption from filing: Under this section, if the bank is already deducting TDS (Tax Deducted at Source) on the interest income earned by such senior citizens and on the pension, they are not required to file their income tax return if they meet the conditions specified.
Form 12BBA: The bank will compute the income tax liability and deduct the appropriate tax. They will then furnish details of income and tax deducted in Form 12BBA to the income tax department.
No other income: It's important to note that this exemption from filing income tax returns is only applicable if the individual's income consists only of pension and interest from the same bank.
Voluntary filing: Even if not mandatory, senior citizens who fulfill the criteria can still choose to file their income tax returns to claim refunds, if any.
This provision aims to reduce the compliance burden on senior citizens and streamline the taxation process for them.
Senior Citizen Tax Benefits | Income Tax Return Filing Exemption for Senior Citizen | Section 194P
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No itr for pensioners
Section 194p
Senior citizen tax relief options?
Who benefits from section 194P?
Pension and interest income treatment?
Filing exemptions for seniors?
Benefits of 194P for seniors?
What is Section 194P?
Who does Section 194P apply to?
What types of income are covered under Section 194P?
What is the purpose of Section 194P?
What is age for individuals under Section 194P?
How does Section 194P benefit senior citizens?
What is Form 12BBA
What is Section 194P
Can senior citizens with additional income avail of Section 194P?
What happens if a senior citizen has income from multiple banks?
What is the role of the income tax department in Section 194P?
Can senior citizens voluntarily file returns under Section 194P?
How does Section 194P simplify tax filing for seniors?
Are there any exemptions or deductions available under Section 194P?
Can senior citizens claim refunds under Section 194P?
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Пікірлер: 216
@incometaxwallah
@incometaxwallah Ай бұрын
Subscribe us For More Senior Citizens related Taxation Updates Team Income Tax Wala
@gudddus7482
@gudddus7482 Ай бұрын
क्या खेती से आय पे इनकम टैक्स लगेगा ? सीनायर सीटी जन को पेशन प्लस खेती से
@mayurparmar5376
@mayurparmar5376 Ай бұрын
Income tax should be removed as we pay higher GST
@incometaxwallah
@incometaxwallah Ай бұрын
it should be , you are absolutely correct
@sandhyanair3438
@sandhyanair3438 Ай бұрын
Yes.. Double tax lerhe...
@Rajkumarijain-ht3wz
@Rajkumarijain-ht3wz 10 күн бұрын
When you are call the retired person. The why you want to break them in different groups. Don't you thing that he ca not other income. Make the age artless 70 in ace of 75. I my self is a senior person ,a single lady with no income from a y other way. Hope you will once think of it from jodhpur. Make age as70 he or she is a senior citizen.you will blessed by many hearts.THANKS THANKS THANKS .
@Rajkumarijain-ht3wz
@Rajkumarijain-ht3wz 10 күн бұрын
Asenior caterers is a member as he cross 60 and out of job. With social stress he has to face end less problems. Now you also add one less to this one more to that one WHY WHY you fell good doing so THINK THINK FOR GOD SAKE FOM JODHPUR
@pravinshetty6228
@pravinshetty6228 Ай бұрын
It’s high time that ITR is abolished. Government collects taxes in many ways I.e.GSt road tolls CST Sst etc. it’s the middle and working classes that suffer the most.
@incometaxwallah
@incometaxwallah Ай бұрын
Hope for the best
@proudofindiandemocracyocra1445
@proudofindiandemocracyocra1445 Күн бұрын
Income tax is direct tax whereas GST is indirect Tax . Therefore both are different from each other . Abolish and imposition of any tax is empowered to Parliament .
@csmaurya9816
@csmaurya9816 Ай бұрын
For Senior Citizens even exempted from ITR filing but it's necessary because in case of Accidental death their kins will get 10 times, of Annual Income shown in the ITR. Therefore file ITR.
@incometaxwallah
@incometaxwallah Ай бұрын
oh my god, aap to kaha tek sochate hain my dear seniors, sir ITR bhar le ham to jyada accha hain death tek kyu soche. please
@chetan03051962
@chetan03051962 Ай бұрын
इस बारेमे इन्कम टॅक्स deparment का कोई circular hai kya?
@incometaxwallah
@incometaxwallah Ай бұрын
yes, section 194P hain - google pe bhi mil jayega
@chetan03051962
@chetan03051962 Ай бұрын
Ok thanks
@user-gx1mv9tu8s
@user-gx1mv9tu8s 13 күн бұрын
आयकर से संबंधित जानकारी बहुत ही सराहनीय लगी इसके लिए बहुत बहुत साधुवाद।
@incometaxwallah
@incometaxwallah 13 күн бұрын
आपका बहुत बहुत धन्यवाद
@sureshkhandare8810
@sureshkhandare8810 Ай бұрын
SBI ek aaisa bank hai yanha form submit karne ke bawoojood bhi TDS kat dete hai jab bank me enquiry karte hai to kahate aap ka form hame mila hi nahi jab ham unko kahte ha hame duplicate form pe sign do ki aapko form hamne diya hai to kahte ha stamp aur sign ko koi jarurat nahi..asisa sabse khatrnak sbi bank hai
@incometaxwallah
@incometaxwallah Ай бұрын
you are right.
@visvia1887
@visvia1887 Ай бұрын
SBI Bank mein toh sab manmani chalate hai. Sab se jayada kharab bank apane country mein hai.customer enemy if possible avoid this bank.
@sureshkhandare8810
@sureshkhandare8810 Ай бұрын
@@visvia1887 ji sir absolutely right I have very bad experience.. sabse worst bank sbi aur us se bhi jyada unka staff..agar katar me akhri admi khada hai aur lunch time hota hai to to armse Lunch time display board laga dete hai..
@incometaxwallah
@incometaxwallah Ай бұрын
many people have worst experience.
@visvia1887
@visvia1887 Ай бұрын
@@incometaxwallah Really my sad experience from childhood and still nothing changes in working style.present i have 63 years.
@Bhartya6804
@Bhartya6804 Ай бұрын
Saare senior citizens ko Dubai chale jana chahiye. No return filling, no income tax, good facilities , no CA KA tktktk....
@incometaxwallah
@incometaxwallah Ай бұрын
very nice. 😆
@sudhakarmadanambedu6335
@sudhakarmadanambedu6335 Ай бұрын
I will try to go
@ravisaxena3464
@ravisaxena3464 Ай бұрын
Bahut bahut dhanyawad Sir Good Information Income tax return ke Good News dene ke liye respected sir pranam 🌹🙏🙏
@incometaxwallah
@incometaxwallah Ай бұрын
Parnam ji , aapko video pasand aai iske liye hum aur hamara chainal aapakaa aabhari hai
@vedgupta1
@vedgupta1 Ай бұрын
Thank you for sharing very useful information for senior citizens ❤
@incometaxwallah
@incometaxwallah Ай бұрын
Our pleasure!
@atishchandraghosh1084
@atishchandraghosh1084 Ай бұрын
​@@incometaxwallah For refund of TDS deducted by Bank for non submission of form 15H at banks in time is filing ITR is the only option left ? Age 85
@muralikrishnamacharyulugud8469
@muralikrishnamacharyulugud8469 Ай бұрын
All pensioners above 75 years should get relief from submission of Tax Returns irrespective of income.
@incometaxwallah
@incometaxwallah Ай бұрын
you raised a very valid point. if govt. do like this, the respect of all senior citizens, super senior citizens increases. and all old age home will be shut.
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs Ай бұрын
आपकी प्रस्तुति प्रशंसनीय है।..इस मई में ७५ वर्ष पूरा करने के बाद मैं कुछ परामर्श चाहता हूं- (१)मैं प्राईवेट सेवा विभिन्न प्रांतों में किया और हर जगह बैंक खाते नये खोले क्योंकि तब खाता ट्रांसफर कठिन कार्य था. (२)मेरे एक से अधिक खाते हैं, सरकारी बैंक में ही हैं. (३)पेंशन ना के बराबर है (मात्र रु१,३५४/-). बच्चे नौकरी करते हैं, खर्च के लिये दे देते हैं. (४)पहले जब नौकरी में था तो रिटर्न भरता था, टैक्स भी भरता था. (५)रिटायर बाद टैक्स लिमिट से बहुत नीचे आने के बाद अब इधर कुछ सालों से रिटर्न भरना छोड़ दिया हूं। (६)हां एक लघु जोत का किसान बनकर कुछ अर्जित करके मुचुअल फंड में निवेश शुरू किया हूं। (७)ऐसी स्थिति में मुझे क्या करना उचित होगा ? बताने का कष्ट करेंगे .
@incometaxwallah
@incometaxwallah Ай бұрын
आपकी सारी बाते हमने पढी हैं - आपने अपनी जो इनकम सोर्सेज और इंवेस्ट्मैंट बताये हैं उनके अकोर्डिंग आप इंकम टैक्स रिटर्न फाईल करना शुरु किजिये
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs Ай бұрын
@@incometaxwallah बहुत बहुत धन्यवाद, सर ! आपकी राय महत्वपूर्ण है .🙏
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs Ай бұрын
मेरे लिये कौन ITR form उपयुक्त होगा ?
@chimanbhaipatel4890
@chimanbhaipatel4890 Ай бұрын
Thanks for providing this best information.
@incometaxwallah
@incometaxwallah Ай бұрын
Glad you like our videos
@rnjoshi6374
@rnjoshi6374 Ай бұрын
Why such rigmarole for sr. Citizens? On completion of 75th year, he should be declared exempted from IT net
@incometaxwallah
@incometaxwallah Ай бұрын
you are right, but many senior citizens still have income which is not earning youth of India.
@rajivvaidya2222
@rajivvaidya2222 Ай бұрын
Young generation will take disadvantages of this by declaring income in sr. citizen's name.
@incometaxwallah
@incometaxwallah Ай бұрын
intelligent answer, you are the only person who understand the situation. and given right reply. Hats off to you Mr Rajiv Vaidya
@kishanprasad6536
@kishanprasad6536 Ай бұрын
Thanks sir ur valuable information.
@incometaxwallah
@incometaxwallah Ай бұрын
So nice of you
@tarloksingh2141
@tarloksingh2141 2 күн бұрын
Thanks Sir.🎉
@amittoppo7557
@amittoppo7557 Ай бұрын
Excellent Information
@incometaxwallah
@incometaxwallah Ай бұрын
Thanks and Glad you like our informative video . keep watching and sharing
@ramachandranps4229
@ramachandranps4229 Ай бұрын
Thanks good information -- I am 89+ so I got chance as my income is only pension
@incometaxwallah
@incometaxwallah Ай бұрын
good
@atiquzzamanmohiuddin844
@atiquzzamanmohiuddin844 Ай бұрын
I think after the age of 70, income tax filing shouldn’t be continued.
@incometaxwallah
@incometaxwallah Ай бұрын
You are right, it must be
@MrSkbhatnagar
@MrSkbhatnagar 11 күн бұрын
So that all Politicians get exempted
@bholabahuguna8319
@bholabahuguna8319 Ай бұрын
Fantastic indeed,
@incometaxwallah
@incometaxwallah Ай бұрын
Indeed! many thanks , thanks for listing. keep watching and sharing our videos to spread tax awareness
@damodarsharma4716
@damodarsharma4716 Ай бұрын
ऐसे वीडियो से लोगों के मिसगाइड होने की संभावना है। क्योंकि भविष्य में कभी भी return भरने की अवश्यकता पड़ सकती है। उस परिस्थिति में discontinuity in फाइलिंग रिटर्न की प्रताड़ना झेलनी पड़ेगी।
@incometaxwallah
@incometaxwallah Ай бұрын
Video dekhne ke baad hi aap kuch likha kijiye
@incometaxwallah
@incometaxwallah Ай бұрын
But aapki baat ko consider karenge hum.
@gudddus7482
@gudddus7482 Ай бұрын
सुना है की 6 /7 लाख तक इनकम टैक्स फ्री है तो ITR क्यो भरवाया जा रहा है
@visvia1887
@visvia1887 Ай бұрын
@@gudddus7482 ye sab nai btayega.
@incometaxwallah
@incometaxwallah Ай бұрын
itr isliye bhawaya jata hain taakii govt ko inforamtion jaye ki basic exemption limit se jayada inocme ke sources kya hain , so that govt apna data ready kar sake
@elsyjoseph4431
@elsyjoseph4431 Ай бұрын
Thank you sir
@incometaxwallah
@incometaxwallah Ай бұрын
Always welcome, soon a unique video also publish, various benefits and deduction for senior citizens. Thanks
@artisahai3387
@artisahai3387 Ай бұрын
Sir 25 years se bedridden ek 72 years ka insaan kya benefit le sakta hai?
@VijayKumar-ml6wg
@VijayKumar-ml6wg 20 күн бұрын
Thank you Sir, video was very informative. Further, I would like some help to file my ITR for AY 24-25, appreciate it if you could suggest somebody. Warm regards.
@incometaxwallah
@incometaxwallah 20 күн бұрын
you may availe our website service for filing Income Tax Return - Link is below letsmakecompany.com/income-tax-return.php A Trusted and Realiable Plateform
@user-ob9ww7iv4e
@user-ob9ww7iv4e Ай бұрын
Thanks sir
@incometaxwallah
@incometaxwallah Ай бұрын
Always welcome. Keep watching our videos and share it with your friends
@user-eu7zm3sk2j
@user-eu7zm3sk2j Ай бұрын
Very nice and beautiful tips and tricks for latest updates on the same in the information 🎉🎉🎉
@incometaxwallah
@incometaxwallah Ай бұрын
Hame Khushi Hui, you like our videos,
@venkateshmurthy5557
@venkateshmurthy5557 Ай бұрын
The print in ur vedio is not visible clearly. Pl verify and. Correct. Thanks for ur good service and information.
@incometaxwallah
@incometaxwallah Ай бұрын
Check again, its clear . if you still face any problem , send whatsapp text us at 8448820204
@paremsharama585
@paremsharama585 19 күн бұрын
Aar zself pension or ramily penion dono avail kryayho jo diffrent bank se aaty hai tab kya kare
@incometaxwallah
@incometaxwallah 19 күн бұрын
is case mai itr file karna mandatory h
@pramodinamdar424
@pramodinamdar424 Ай бұрын
Sir please guide us about after retirement up to 75 I.e. junior citizens
@incometaxwallah
@incometaxwallah Ай бұрын
Same provision applicable even after 75 . Except 1 that is paper return allowed at age of 80
@nvnair4466
@nvnair4466 Ай бұрын
If the pension drawing in different Bank (ie one Defence pension and another civil pension)+3lakhs FD in one of above Bank.Pse do clarify)
@incometaxwallah
@incometaxwallah Ай бұрын
File itr, it's mandatory, 194P would not work
@smuneerahmad7527
@smuneerahmad7527 24 күн бұрын
Caption is confused and wrong. Instead of saying senior citizens you must've said above 75 years of age group persons are not required to submit ITR filing....thankyou
@incometaxwallah
@incometaxwallah 24 күн бұрын
sure, will consider your feedback.
@JairajKamthan
@JairajKamthan Ай бұрын
Sir, thank you very much for this important information. My income consists of a very small EPF pension, interest from Savings, FD, and also small amount of annuities from SBI and LIC. Kindly clarify whether even with these annuities, I am exempted from filing ITR.
@incometaxwallah
@incometaxwallah Ай бұрын
you are not exempted with your these kind of income. hence file itr in form 2
@JairajKamthan
@JairajKamthan Ай бұрын
Thank you very much sir.
@diliphalbe61
@diliphalbe61 Ай бұрын
If I have more than one savings account with savings interest and FD’s the do I qualify for above scheme?
@incometaxwallah
@incometaxwallah Ай бұрын
No,
@ginis0011
@ginis0011 Ай бұрын
30000*12=336000 9000*12=108000
@56dileep
@56dileep Ай бұрын
AS PER NEW RULE SR CITIGEN NOT REQUIRE TO PAID ADVANCE TAX. IF THEY NO HAVE BUSINESS INCOME. I HAVE INCOME FROM SALARY, INTEREST INCOME AND SHARE TRADING ( SHARE TAKE IN DELIVERY NO ITRADAY TRADING. SO PLEASE ADVICE
@incometaxwallah
@incometaxwallah Ай бұрын
advance tax new aur old tax regime dono mai hi pay karane ki liability nahi hain aapki income ke according aap itr 2 mai apni tax return file kijiye aur itr filing ke time apna tax pay kijiye,
@vijayranpise2637
@vijayranpise2637 29 күн бұрын
👍 thanks
@incometaxwallah
@incometaxwallah 29 күн бұрын
Welcome 👍
@ramchandradagadu1342
@ramchandradagadu1342 Ай бұрын
Pl. Clarify, if a senionar citzen having 3 bank accounts in three different banks, then ....... ...
@incometaxwallah
@incometaxwallah Ай бұрын
then he / she is not eligible for section 194P benefits
@SHAHNAWAZKHAN-sd7lv
@SHAHNAWAZKHAN-sd7lv Ай бұрын
I am a senior citizen of 75 years+ but I receive pension more than 5 lacs in a year n I have more than one bank account . So It is necessary for me to file ITR.
@incometaxwallah
@incometaxwallah Ай бұрын
Yes, it mandatory for you considering your income
@mohammedasad3335
@mohammedasad3335 Ай бұрын
What about NRI senior citizens of 75years?? Are they exempt from filing return or they are to submit income tax return?? Pls clarify.
@incometaxwallah
@incometaxwallah Ай бұрын
no, NRI are not exempt. this scheme is applicable for Indian resident individuals only if you wanted to know that who is NRI , who is Resident in indian. pl let us know through comments we will share link of that video
@sujathaharish3539
@sujathaharish3539 Ай бұрын
Is it mandatory to deduct tax from monthly pension of a senior citizen. Is the payment of advance tax compulsory for a senior citizen
@incometaxwallah
@incometaxwallah Ай бұрын
1. tax deduction from pension is depend upon your pension amount. 2. senior citizen are not requried to pay advance tax u/s 208 . but they must pay tax liabiality if any at the time of filing itr
@sanjeevbhavsar4330
@sanjeevbhavsar4330 Ай бұрын
15 H Form as a sinior citizen submitted in bank. Any other Form required to submit
@incometaxwallah
@incometaxwallah Ай бұрын
See form 15H is for non deduction of tds To get immunity from filing of itr You need to file form 12BBA
@shireenmukhtar1099
@shireenmukhtar1099 Ай бұрын
If one has account in more than one bank then
@incometaxwallah
@incometaxwallah Ай бұрын
if more than one bank account or account in private sectior bank. these provision u/s 194 P not applicable
@baldevsingh3568
@baldevsingh3568 Ай бұрын
Deceased parents k a/c se Mila Paisa bhi kya income tax me count hoga sir, ?
@incometaxwallah
@incometaxwallah Ай бұрын
No, it's 100% tax free
@satishbhangaonkar9409
@satishbhangaonkar9409 21 күн бұрын
Basically their the should be 70 ears and their should be any responsibility of paying any tax whatever income .
@incometaxwallah
@incometaxwallah 20 күн бұрын
you are right but there is no such provisions
@saahilgaming3893
@saahilgaming3893 26 күн бұрын
Sir 9ne question im having is Im a CA ASPIRANT EK BAT BATYEA KI if a person is filing form 12BBA its simply a alternative to ITR bat to wahi ha na........ And u/s 194P if bank is deducteing TDS and agar us senior citizen ka basic exemption limit is not crossing then also usko double kam krn higa for refund?????
@incometaxwallah
@incometaxwallah 26 күн бұрын
first of all , if specified senior citizens file form 12 BBA - he doesn't need to file itr. If tds is there - bank will pay only balance tax liability. if tds is there but income is below exemption limit - file form 15 G/H so that tds would not deduct. but if still tds is there then file itr and take it back.
@gopalthiagarajan7134
@gopalthiagarajan7134 Ай бұрын
Thank you dear for the useful information
@incometaxwallah
@incometaxwallah Ай бұрын
My pleasure 😊
@indrabhushan7809
@indrabhushan7809 5 күн бұрын
Link for form to be submitted to bank so that super sr.citijzen may download
@incometaxwallah
@incometaxwallah 5 күн бұрын
yes, you can download form from description of this video
@surendrakumargupta6423
@surendrakumargupta6423 Ай бұрын
Like very nice
@incometaxwallah
@incometaxwallah Ай бұрын
Thank you! Cheers! Subscribe our channel for regular informative updates
@venkataramaiahm7913
@venkataramaiahm7913 Ай бұрын
How long we have to wait for submission of IT Return since some mutual fund organisations continue to send TDS amounts to IT department ? even after 31/03/2024
@incometaxwallah
@incometaxwallah Ай бұрын
You should start itr filing near about 10 june 2024
@venkataramaiahm7913
@venkataramaiahm7913 Ай бұрын
What will happen if after filing ITR if any financial institution sends TDS to IT dept?
@incometaxwallah
@incometaxwallah Ай бұрын
its a loss for you, becasue you would not be able to claim that tds which is updated after filing of your itr
@shashisethi5143
@shashisethi5143 Ай бұрын
How we will get TDS return if not file ITR
@incometaxwallah
@incometaxwallah Ай бұрын
Without itr, refund not possible
@aroliveetilnarayanan8969
@aroliveetilnarayanan8969 Ай бұрын
I am 82 yrs. I have an scss a/c in post office. Do i have to file ITR. kindly clarify.
@incometaxwallah
@incometaxwallah Ай бұрын
if you post office deducted your tds for interest on senior citizen saving scheme deposit, then you must file your itr and claim it. but if you have your one saving account in any govt bank. then you file form 12BBA to that govt bank and declare your post office income and tds in form 12BBA . than you no need to file itr . Bank will take care of it. subscribe our channel if you like our videos. in next few days, 2-3 videos also coming for senior citizen tax saving related
@cricklover6964
@cricklover6964 11 күн бұрын
This is not so simple as Hon'ble CA has expalined in this videos
@incometaxwallah
@incometaxwallah 6 күн бұрын
glad you like our videos, thank you so much for your compliments subscribe this channel for more updates
@brijmohansharma991
@brijmohansharma991 Ай бұрын
Wherefrom declaration form to obtain
@incometaxwallah
@incometaxwallah Ай бұрын
Chk in description
@pushpamahendroo6075
@pushpamahendroo6075 18 күн бұрын
FD and savings par income tax nahi katna chahiye.
@incometaxwallah
@incometaxwallah 18 күн бұрын
you are right, but right now there is no such law
@user-tt2vj6wy4x
@user-tt2vj6wy4x 11 күн бұрын
Income Tax advocate Rs 500 ke liye bataega 80 ho ya jada up ko return varna Padega
@incometaxwallah
@incometaxwallah 6 күн бұрын
ok ji
@digamberpant2575
@digamberpant2575 Ай бұрын
Sir I heard on TV PM Sir said up to 7 lakh we don't have to pay tax What is that Regards Digsmber Pant
@incometaxwallah
@incometaxwallah Ай бұрын
its right if you file your itr in new tax regime for that your taxable income must be 7 lac or below
@gourpal6304
@gourpal6304 Ай бұрын
What is new in it ?
@incometaxwallah
@incometaxwallah Ай бұрын
Everything is new and unique.
@user-qh6hd1oq9k
@user-qh6hd1oq9k 29 күн бұрын
Sir I am 66 year old man, I have FD in Post Office only, but I have opened an account in another bank, but no FD, only account opened, should I file ITR? My annual income from interest is Rs 2 lakh 12 k
@incometaxwallah
@incometaxwallah 29 күн бұрын
i am sure, tds deducted on your interest income. if tds is there - file itr mandatory if no tds - its your choice to file or not but it is recommended to file itr
@user-qh6hd1oq9k
@user-qh6hd1oq9k 29 күн бұрын
@@incometaxwallah Thank you sir
@AnwarKhan-ev3ff
@AnwarKhan-ev3ff 16 күн бұрын
Mujhe abhi ek saal ho gaye leykin abhi tak mera Paisa return nahi aaya, kya hua??
@incometaxwallah
@incometaxwallah 16 күн бұрын
Kisi purani demand mai adjust ho gai hogi adjust
@smohanty3507
@smohanty3507 18 күн бұрын
Mere father ke age 84 yrs age hain aur wo paralysis patient hain..inka koi income last 20 yrs se nahin hain..income zero hain.. Wo abhi ek plot sale kiye hain..70 lakh profit hua hain.. Kitna tax dena hoga
@incometaxwallah
@incometaxwallah 14 күн бұрын
iske liye hame kafi information chaiye aap paid consultion lijiye. connect to us on whatsapp 8448820207
@nvnair4466
@nvnair4466 Ай бұрын
I have dual pension.1 .Disability pension from Defence excused from IT as per govt letter from Union bank of India.3 lakhs FD at same bank.2.civil pension from Canara bank but joint acct (No job and no income to wife) Am I eligible for exception of IT filing?Pse do guideme.Regards
@arshaikh3761
@arshaikh3761 Ай бұрын
I am 3 saving bank accounts- no income except from pension and fds. How can I be benefitted u/s 194P. Should I file it in the pension receiving bank? Pl guide and obligew
@incometaxwallah
@incometaxwallah Ай бұрын
for claiming benefits u/s 194P - TWO pensions are allowed but two saving accounts are not allowed. So you are not eligible for 194P Hence, you must file your itr for financial year 2023-24
@rajagopalansrinivasan12
@rajagopalansrinivasan12 Ай бұрын
I m age 69. Only pension 30,000 and otherFD int 9000/_ applicable tax
@incometaxwallah
@incometaxwallah Ай бұрын
No tax applicable for you on such incomes
@jagadishdeshpande2802
@jagadishdeshpande2802 4 күн бұрын
Sr.citizen जिसको eps 95 तहत मासिक 1000/1500 बीडी काडी पेन्शन मिलती है और कुछ बची हुयी पुंजी SCSS scheme में निवेश करते और ऐसे कुछ लोग 15 H form submit करने के बाद भी Income tax deduct होता है ये लोग कैसे जिंदगी गुजारे इस पिरीयड में मेहंगाई किती थी और औषधोपचार खर्चा कितना था ये Income tax वाले इसके बारेमे सोचते है ये कैसा logic है तो tax बचाने के लिये सिनियर सिटीझन लोगो ने क्या करना चाहिए
@pankajmarwah2660
@pankajmarwah2660 13 күн бұрын
At the age 76
@incometaxwallah
@incometaxwallah 13 күн бұрын
at 76 age, all provisions applied of this video except 1 which is physical itr filing
@ramnoberoi9661
@ramnoberoi9661 Ай бұрын
Sir social security nahi milati😮
@incometaxwallah
@incometaxwallah Ай бұрын
ye hi too problem hain
@kedarnath927
@kedarnath927 Ай бұрын
वरिष्ठ नागरिक जिसकी उम्र 60 से उपर और 75 से कम है तो इनकम टैक्स में उसको क्या क्या छूट मिलती है ।
@incometaxwallah
@incometaxwallah Ай бұрын
जी साब जी आप ये विडियो देखिये इसमे वो सभी छुट हैं जो सिनियर सिटिजंस को मिलती हैं kzfaq.info/get/bejne/pNGPgJuVt9O6l58.html आप्को ये विडियो कैसी लगी - उस विडियो के कमैंट्स मैं बताना
@ashokdalvi7965
@ashokdalvi7965 12 күн бұрын
Pension should not be treated as Income!🙏
@incometaxwallah
@incometaxwallah 12 күн бұрын
but pension is income to a retired person.
@vineetshende321
@vineetshende321 28 күн бұрын
What about the senior with physical disabilities
@incometaxwallah
@incometaxwallah 26 күн бұрын
for senior citizen with physical disabiltiy there are other deduciton provisions u/s 80D, 80DD and 80DDB.
@vineetshende321
@vineetshende321 26 күн бұрын
@@incometaxwallahthank you sir
@JA-xw9uf
@JA-xw9uf Ай бұрын
Filing Returns are not for Govt. but to make a source of unholy income for the so called Chartered Accountants. 'One Nation One Tax' policy must be implemented in India in which cash transaction above Rs.5000/- (Rupees Five Thousand) should be banned. Of course, any litigation arising out of cash payments above Rs. 5000/- should not be entertained in courts. And all payments above cash limit should be through cheque /NEFT/RTGS/UPI and must accompany a fixed rate of Tax on the payment which would be directly deducted by the banks and sent to ITD. By this the layman as well as the professionals all would be free of tension of Filing Tax Returns and the jamela associated with it. It is our national productivity time that is lost in the process. It is high time GOI thought of One Nation One Tax.
@incometaxwallah
@incometaxwallah 29 күн бұрын
We think you have problem with CAs
@surendrakumargupta6423
@surendrakumargupta6423 Ай бұрын
Like
@incometaxwallah
@incometaxwallah Ай бұрын
glad you like our vidoes Subscribe our channel for regular informative updates
@neerjasharma1079
@neerjasharma1079 Ай бұрын
Government not given any benefit for senior citizens. No pension increase for bankers . Union maja karti hai. We get peanuts
@incometaxwallah
@incometaxwallah Ай бұрын
you are right
@anilkumarverma7670
@anilkumarverma7670 Ай бұрын
मैं सिनियर‌ सिटीजन हू और मेरा टोटल इनकम 272000.00 होता है तो मेरा टी डी एस बैंक काट सकता है
@incometaxwallah
@incometaxwallah Ай бұрын
बैंक आपका टी डी एस काट सकता हैं लेकिन आप फार्म 15 एच इस विडियो के डिस्क्रिप्शन से डाउंलोड कर लिजिये , और फिल करके बैंक को जमा कर दे उसके बाद बैंक आपका टी डी एस नही काटेग़ा फार्म 15 एच इस लिंक से भी ले सकते हैं आप bit.ly/3UOd50H
@gudddus7482
@gudddus7482 Ай бұрын
​@@incometaxwallah और जो TDS बैक द्वारा काट लिया गया है वापस केसी आएगा
@visvia1887
@visvia1887 Ай бұрын
2000rs. bhi pura pension nahi aata hai aur advice de rahe ho itr file karne ka.
@incometaxwallah
@incometaxwallah Ай бұрын
bhai sab ye video sab ke liye hain. kisi ki pension kam yaa jyada ko mind mai rakhte huye nahi banai hain
@visvia1887
@visvia1887 Ай бұрын
@@incometaxwallah toh clear bolo sr.citizen sab koi high pension vala nai hai.jiska high pension hai vo ye video nahi follow karte .CA se advice lete hai.
@incometaxwallah
@incometaxwallah Ай бұрын
OK JI
@krishanbahadur9994
@krishanbahadur9994 Ай бұрын
सर मै 81पलस का पैनसन भोगी हू मेरा पैनसन स्पर्श के माध्यम से मिलता है ITR मै हर साल फाइल करता हू यह12BBA FORM कहा से मिलेगो
@incometaxwallah
@incometaxwallah Ай бұрын
Nice, issi video ke description Mai form 12BBA ka link Diya hua h. Aap download kar sakte h
@radhaballabhkukreti7482
@radhaballabhkukreti7482 Ай бұрын
यदि किसी सुपर सीनियर सिटीजन को दो पेंशन मिलती है और दोनो पेंशन अलग अलग बैक मे आती है एवं कुछ पैसा FD का एक कोऑपरेटिव बैक मे हो तो उसे क्या करना चाहिए? कृपया बतलाए। धन्यवाद
@unknownisbest
@unknownisbest Ай бұрын
Hopefully this exemption does not mean that all the black money hard cash loot can be parked with senior citizens!😂
@incometaxwallah
@incometaxwallah Ай бұрын
Good , nice
@GSRAWAT-uf9nv
@GSRAWAT-uf9nv 5 күн бұрын
कुछ पर टैक्स और कुछ को फ्री फ्री साथ ये आरक्षण,
@incometaxwallah
@incometaxwallah 5 күн бұрын
You are right
@kekobadbatliwala8966
@kekobadbatliwala8966 11 күн бұрын
Kutch CONDITIONS me sab aa jata hai sirf murkh banate hai.
@incometaxwallah
@incometaxwallah 11 күн бұрын
Ok ji
@MathuraPrasadSingh-ih3se
@MathuraPrasadSingh-ih3se Ай бұрын
😊😊😊😊😮😢😢 lo
@incometaxwallah
@incometaxwallah Ай бұрын
good, thanks, keep watching and sharing
@nagarajbn4724
@nagarajbn4724 Ай бұрын
No useful information . All known , no new.
@incometaxwallah
@incometaxwallah Ай бұрын
Thanks for the view
@bimalkumarmajumdar560
@bimalkumarmajumdar560 Ай бұрын
Thoda Baton Mein hi Samjhana koshish kijiye😢 Nahin to bhashan band karna
@incometaxwallah
@incometaxwallah Ай бұрын
Hame Khushi Hui ki aapne hamara bhashan suna 😂
@bmvyas4323
@bmvyas4323 Ай бұрын
Senior citizens hv bn blindly looted n exploited by pm n bjp gov like mad men. He now realised blunders n loosing Sr citizens support is crucial. Rest assure u hv lost this segment votes
@incometaxwallah
@incometaxwallah Ай бұрын
it may be
@1956vinod
@1956vinod Ай бұрын
No he himself is also senior and pls don't blend with votes we are all surviving bcoz of his efforts on vaccines😊
@gudddus7482
@gudddus7482 Ай бұрын
3 लाख या 7 लाख तक नो टैक्स है सर सबको फिर 3 क्यो बताया गया है
@chetansoni5545
@chetansoni5545 Ай бұрын
What relief you were getting in conference. Regime which you have been deprived now
@surinderbansal-yq4pz
@surinderbansal-yq4pz Ай бұрын
I think that its foolish to blame the present PM or Govt for this when tax regimes were much more stringent and very less reliefs during all the previous Govts. This seems to be a political vendetta only, nothing else
@luciandsilva5164
@luciandsilva5164 Ай бұрын
Wrong, where is SR citizens income gone nowadays. Sr. Citizen railway fare concession gone to Murdabad? Stop such misleading clips.
@incometaxwallah
@incometaxwallah Ай бұрын
Mr. Dsilva , we are talking about taxation benefits only. and My dear you are taking abount other then taxation benefits. we are making only authentic and valuable videos with 100% reply of questions by our team. Keep watching and sharing our videos and ask more and more questions
@luciandsilva5164
@luciandsilva5164 Ай бұрын
@@incometaxwallah How much income 99% of Sr. Citizens earn tell now, is it at all benefit for most of sr citizens who don't earn at all and RPFC gives pension enough for tea expenses. Please don't do as the political parties do in rallies, only jhumla to gain vote.
@incometaxwallah
@incometaxwallah Ай бұрын
ok ji
@luciandsilva5164
@luciandsilva5164 Ай бұрын
@@incometaxwallah Don't heart feeling, we are termed retired and sr citizens quite prematurely. When I ask authorities simple question that why sr citizen travel concession are robbed by parties, they give straight answers that compared to Europe, America, Middle East and all rich countries Indian Railways fares are less. When I compare the citizens over there retires @ 75 years and still get highly paid jobs and huge pension, you know what they reply, "You go there, go out".
@incometaxwallah
@incometaxwallah Ай бұрын
They must respect seniors citizens. 🙏
@surendrakumargupta6423
@surendrakumargupta6423 Ай бұрын
Like very nice
@incometaxwallah
@incometaxwallah Ай бұрын
glad you like our video, keep watching
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