Senior Citizens New Regime Deductions AY 24-25| Senior Citizens Income Tax Benefits| Old vs. New tax

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Senior Citizens New Regime Deductions AY 24-25| Senior Citizens Income Tax Benefits| Old vs. New tax
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Senior Citizens New Regime Deductions AY 24-25
Senior Citizens Income Tax Benefits
Old vs. New tax regime 2024
Income tax benefits to senior citizens
New regime deductions to Senior Citizens
Senior Citizens tax slab rates
New tax regime
Old tax regime
Old or new regime which is better
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Пікірлер: 145

@pchako Ай бұрын

Interest earned from Senior Citizens Savings Scheme (SCSS) should be made totally tax free. This is because unlike LIC Annuity Schemes where there is no upper limit on the investment amount, here the upper limit is restricted by the Government to Rs. 30 lakh, so that rich senior citizens cannot take undue advantage of it. Therefore tax should not be levied on the income of senior citizens from this scheme which is fixed and controlled by the Government.

@Ravi_1231 22 күн бұрын

Do we have the option to have a new tax regime or an old tax regime every year for senior citizens if the income is below 7 lakh

@pankajjain9296 12 күн бұрын

Very well explained These we’re well documented in tax changes as well but she has done great job

@RakeshKumar-nw4ov Ай бұрын

Very good helpful vedio for seniors citizens with good voice.

@srinivasanramachandran6398 21 күн бұрын

Very clearly explained. Thank you madam.

@krishnasamynarayanan9016 Ай бұрын

For senior citizens interest exemption should be rs. ONE LAKH rupees & for others it should be ₹50,000/=

@maheshsingh9904 13 күн бұрын

Zero relief for middle class pensioners in income tax .On an average income tax =20% .Apart from this, one has to pay GST =20% on each and everything (on an average) + other taxes, such as:property tax etc etc

@JagdishKumar-gd8cn 29 күн бұрын

Thank you, no doubts left well informed.

@Ravi_1231 22 күн бұрын

Do we have the option to have a new tax regime or an old tax regime every year

@singhsarabjit1962 Ай бұрын

Ma'am very useful vedio for Sr. Citizens. Thanks for your valuable guidance

@Ravi_1231 22 күн бұрын

Do we have the option to have a new tax regime or an old tax regime every year for senior citizens if the income is below 7 lakh

@jagannathrao6689 Ай бұрын

Clearly explained. Namasthe.

@kailashrajsingh3416 Ай бұрын

Useful video for Senior citizens

@narendrakumar2048 Ай бұрын

Too good...❤..thanks a ton

@kedarlingswami6686 Ай бұрын

Very very useful vodeo❤

@subhashpangarkar4936 Ай бұрын

Very precisely narrated

@sureshmittal8925 17 күн бұрын

Useful thanks

@MANIKDE-tg4ps 13 күн бұрын

Very very useful thoughts

@siyaramsingh9315 9 күн бұрын

Thanks mam for good information

@sureshchandrasharma5256 11 күн бұрын

Excellent explanation

@chetlapallemahadev6175 22 күн бұрын

Very good information

@user-uj1qm6si9v Ай бұрын

Whether interest on saving bank account is also applicable for deduction for senior citizens along with FD interest.

@ProsenjitSaha-bo6jz Ай бұрын

Madam 44ad me itr bharne ke liye ek profit and loss account and balance sheet Excel me banana sikhaye. And usme se 6% and 8% ki hisab se income ko kaise alag karna hai. And ek computation bana na bhi sikhaye.. tab to actual me normal log bhi bhar payenge. Barna kaise ek normal person Bina calculation karke itr 4 file karega... Practical sikhaye na..

@shashimoghe3920 Ай бұрын

Madam shewta very useful and informatiove video thsnks 04/6/2024

@harishnadig6480 17 күн бұрын

Is there exemption on sale of equity under stcg?

@anjanaramesh4033 Ай бұрын

Please let me know if LIC annuity pension received monthly is taxable? Thanks for the nice video Mam.

@jspasricha 26 күн бұрын

NPS contribution by employer sec 800ccd(2) will have to be added to salary of the employee for claiming deduction or not?

@AnilGupta-gj3bj Ай бұрын

Madam, how the gain amt of before maturity payment after running for more than 5 years from insurance co will be treated in ITR for sr. Citizen. Ins. Co deducted TDS @5%

@rameshbhatiya6168 Ай бұрын

Continue from the Govt BONDS under 54Ec,pl clarify whether under section (10)(15) it is exemted?

@alkeshbhattacharya9347 21 сағат бұрын

INN on FDR deposit IN banks which was allowed in old regime whether allowed in new regime also. I think u/s 80 CCB or Luke that ?

@hasmukhdaxini9299 Ай бұрын

In New tax..share profit long term ..short term how we should consider

@rambabumantha628 21 күн бұрын

Madam i have doubts on my income reg tax deductible. Could u pl help me

@PrakashPatilPune Ай бұрын

If your salary falls between 7lakhs to 7,28,777 then till 7 lakhs there is no tax. Tax on 28,777 will be applicable.

@shwetataxsolutions6314 Ай бұрын

Refer our video on marginal relief. Your concept will be clear.

@nathulaljat-zg6sp Ай бұрын

Mutual funds purchaseko 80c dikha saktey kaya batay normal person

@abhoydutta9608 Ай бұрын

Madam pl. Clear on retirement benefit. Thanks.

@pkjain8170 Ай бұрын

Details of exemption u/s 10 (14 ) may kindly be given.

@prashantsawant-zg2cl 23 күн бұрын

Sir I am allready ciniyar citizens from will be completed but I have no income how to fill the form & i don't any help to me.

@sankarsaha363 21 күн бұрын

If after deductions my income exceeds 700000/- then which tax slab will be applicable.

@ramsinghnegi4716 16 күн бұрын

Pls clarify if my salary income is below 7 lac but other business income from security and dividend and interest is also 2.78 lac, will all income to be inclusive as one ?

@krishnamoorthys8389 4 күн бұрын

Exceeding Rs.7 lacs 28777 means 100 % tax I.e., flat Rs.15000 plus 10% ezceeding Rs.6 lacs. I.e., 15000 plus 12877 = Rs.27877 tax. I paid like this only. Only 50000 standard d3duction. Nothing more 8n new tax regime.

@yramprasad4218 Ай бұрын

If the net income after starting.deduction is 709000 what will be the tax under new regime.

@santanubhattacharyya9332 Ай бұрын

My AIS showing Business receipts alongwith other Incomes like interest from Investment with Bank,P.O schemes. In 26AS showing TDS u/S 194JB as my services for remuneration as a visiting faculty of a college. I have my Pension income also.Which ITR (1 or 4)will be applicable for AY 2024-25 in my case? Till 2023-24 Had filed ITR 1. Kindly advise.

@Siva-yo5oh 12 сағат бұрын

Senior citizen should be exempted from all interest of any SB or FD account from any banks

@pradipraychaudhuri7252 17 күн бұрын

In case of super senior citizen what is the maximum amount of income which attracts Income Tax?

@Ravi_1231 22 күн бұрын

Do we have the option to have a new tax regime or an old tax regime every year for senior citizens

@malharraodeshpande2196 Ай бұрын

Please guide about section 10(15)(i). That is int from saving account in post office rs 3500 for single and 7000 for joint ac. can i claim this as exempt income. Many experts says you can claim but you say I can't claim I am in confusion. Can I write under “any other” option in exempt income.

@shwetataxsolutions6314 Ай бұрын

Section 10 15 exemption is available.In this video we have covered the deductions only. There are many exemptions which are available a new regime like Agriculture Income etc.

@subratochoudhury9277 18 күн бұрын

I have inadvertently opt for Old Regime and now I want to convert in New Regime is it permissible?

@souvikghosh8436 Ай бұрын

Kindly clarify if salaried person ka non taxable income ..in new regime after deduction 6.80 L... Net tax zero... But interest income aagya to income exceeds 7 lacks...tax liability is coming

@ChameliMahajan-jq9in 9 күн бұрын

What ab out medical expenses up to 50000 Rs for seniour citizens they claimed for deduction yes or no

@dilipdhar7320 Ай бұрын

Jyada better - double comparative?

@user-qc8xn1wl7q 9 күн бұрын

Besides the deductions explained in the video, in my view, deduction of one third of the rent is allowed under section 24 on a let out property.

@shwetataxsolutions6314 9 күн бұрын

Yes

@sharadbarot453 5 күн бұрын

If my income is 7, 16000 what will bathe tax under new tax regime, kindly clear the doubt

@goeltaxconsultancytaxadvoc7830 Ай бұрын

Dear Tax Guru Ji If my clint have only Interest income or Income from House property (Rental Income) or Long Term short term capital gain and we have select old regime this financial year 2023-2024 than my question is this can we change our regime in every financial year or not just like in salary case . Please guide.

@shwetataxsolutions6314 Ай бұрын

Yes u can switch.

@mvrseshasai7999 27 күн бұрын

Sec 89 (1) relief is available or not

@bdpandey3481 Ай бұрын

Kya main Rs. 2800 stock market intraday capital gain ko short term capital gain main dikha sakte haun

@shwetataxsolutions6314 Ай бұрын

Nahin Kyunki taxation rules donon Ke अलग-अलग Hain

@mohinderbhumbla1334 Ай бұрын

Madame you have not mentioned about rebate on interest on saving upto 50,000/.pl clarity?thanks for valuable information.

@shwetataxsolutions6314 Ай бұрын

80ttb 50000 not available new regime

@sureshchappalwar1664 9 күн бұрын

I am sinior citizen and having total income Rs. 856000/-for the assessment year 24-25 how much income tax will have to pay

@RAMESHSALIAN-jd2ms Ай бұрын

Hi, just clear my doubt

@knnpillai7438 3 күн бұрын

Has the budget leaked before it is introduced in Parliament?

@arvindbheda5846 14 күн бұрын

mam iam retired person no source income except share market trading its taxable

@subhashligade2545 Ай бұрын

Cancer relif is allowed yes or no

@sureshchappalwar1664 9 күн бұрын

Pl. Advice me

@nandjeekumar9097 29 күн бұрын

Please explain marginal relief above 7 lakh in the new regime.

@AdarshaMukherjee-rs7sx Ай бұрын

If my income goes beyond nine lacs, which would be better old or new.

@dwarikagarodia5695 Ай бұрын

Madam, I am a Senior Citizen(74yr) mistakenly sold a equity Share of value Rs 11 & is reflecting in AIS.,Will I have to file ITR 2?

@PrakashPatilPune Ай бұрын

Yes. You will have to file ITR 2

@SamirMukherjee-oc3km Ай бұрын

Madam , can I show capital gain details as usual in old tax regime ?

@shwetataxsolutions6314 Ай бұрын

Yes no change in rules.

@tomyjohn4447 Ай бұрын

Item No.8 , ie. Marginal Relief above 7 lacs of income requires clarity. What does Marginal Relief means? Is there any limit on such marginal excess over 7 lacs. Leaving apart, the presentation is exceptional ❤. Could you please clarify

@shwetataxsolutions6314 Ай бұрын

Detailed video on marginal relief already uploaded. Check on my channel

@vipankdhanpuri5691 29 күн бұрын

@@shwetataxsolutions6314marginal relief

@aryahiralal5367 9 күн бұрын

If I purchase Annuity scheme from LIC directly. Being a housewife, Can get standard deduction benefit of Rs 50000 under New Regime of Income Tax

@bandhakavisbabu2648 8 күн бұрын

What about 80u

@gursharankaur7559 24 күн бұрын

What about LTC

@sukumarganai9957 Ай бұрын

Is deduction u/s 80 G available under new regime?

@shwetataxsolutions6314 Ай бұрын

@VikashGupta-by5mv Ай бұрын

Men new tax Regime Mein handicapped employees ko conveyance allowance ki chhut milegi ya nahin yadi Milegi To kis section mein

@shwetataxsolutions6314 Ай бұрын

Yes available sec 10(15)

@VikashGupta-by5mv 21 күн бұрын

Mam is Section Mein handicapped ko conveyance allowance Mein milane wali chhut show Nahin ho rahi hai mere office ke C A bhi is chhut Ko Nahin man rahe hain Unka Kahana Hai new tax Mein Is Tarah Ki chhut ka koi pravdhan nahin hai please guide me

@ommodak Ай бұрын

What about LTCG...from shares or equity????

@shwetataxsolutions6314 Ай бұрын

1 lakh exemption is available.

@ashokankk4849 24 күн бұрын

Any logic behind old tax and new tax?

@narindersingh-cb9fx Ай бұрын

Is rebate on bank/FD etc. interest allowed in new regime

@shwetataxsolutions6314 Ай бұрын

@satishkumargarg164 Ай бұрын

What about 80 U

@mhfdsnad Ай бұрын

What about the money received on maturity of PPF?

@shwetataxsolutions6314 Ай бұрын

Exempt

@AmitaMukherjee-si2ki Ай бұрын

Madam, my gross total income 760000,then what would be my tax for f.y. 2023- 2024,senior citizen & new regime ,considering no exemption .

@gurmailbanwait7130 Ай бұрын

Whether interst on deposit is available in new regime

@ramachandranps4229 Ай бұрын

Kindly mention govt letter giving benefits to sr citizens-/pensioners as to whether return to be filed even though IT recovered ;-- not simply news

@shwetataxsolutions6314 Ай бұрын

These are the extracts from budget. You can refer budget on Google.

@sujathabr7411 17 күн бұрын

Leave encashment is taxable na

@tazuddinali747 7 күн бұрын

No income tax should be levied on pension income.It should be entirely free.

@rameshgupta-qb2zk 12 күн бұрын

PPF ka interest ka kia rahaga

@shwetataxsolutions6314 12 күн бұрын

Exempt schedule

@mvssarma3387 Ай бұрын

Sr citizen ko home loan ?

@alkeshbhattacharya9347 20 сағат бұрын

Mam My pension income 582609/ deposit interest income 207935/ Savb bank intt 4106/ Total tax calculated by EMPLOYER 29418+1226 (SC) TOTAL PAID 30644 pl explain how n whether correct SR CITIZEN 73YRS.Thanks

@nihaldhaliwal3996 Ай бұрын

My total income is 7,63000 hwmuch income tax I have pay

@mhfdsnad Ай бұрын

Gratuity & earn leaves is tax free under new regime, specify the sections

@shwetataxsolutions6314 Ай бұрын

Gravity and earn leave is full exempt for Government employees and partly for private employees.

@krishnachandrakolambkar9658 Ай бұрын

I think, GRAVITY comes under Newton Law. Am I correct?

@mscchemistrysem396 5 күн бұрын

Can anyone pay tax online from other persons account in family without any issues

@shwetataxsolutions6314 5 күн бұрын

Yes

@mscchemistrysem396 4 күн бұрын

@@shwetataxsolutions6314 thanks

@jyotibarua6459 6 күн бұрын

I am senior citizen having income from other sources .Am i entitled to get standard deduction of Rs50000 Thanks

@shwetataxsolutions6314 6 күн бұрын

@bishnuray6405 22 күн бұрын

Is professional tax deductible in the new tax regime

@shwetataxsolutions6314 22 күн бұрын

@mohanheroorkar585 13 күн бұрын

Madam what about 80U rebate

@shwetataxsolutions6314 13 күн бұрын

80u not available in new regime

@shantisarup2034 Ай бұрын

Simply there in no extra benefit for seniors in new tax regime .

@babupc45 Ай бұрын

LIC annuity is taxable?

@TJJAMES1956 Ай бұрын

Good info why there is nill change in tax slab during BJP rule in last 10 years . where all purchase - GST tax are paid by same person .Why the double tax , infact the share market tax introduced in 2018 onwwrds and burdened by BJP govt to all investers .why middle class are not demanding less tax on income , These from politician are looting us .vote out them is the only choice .one of the BJP candidate Trivandrum asset is approx 1000 cr and paying tax Rs 800 per anum ,this is based on news , howd oes it works for them .Is this true .

@subhashsonawane1433 Ай бұрын

Madam, I am Sr. Citizen aged 72 yrs old. I want to choose new regime. My income is more than 8 lakh. I got rs. 138000 LTCG from MF. So in new regime can l take benefit on rs 1 lakh for exemption of tax on 1 lakh Pls guide me. F.Y. 23/24 / A.Y. 24/25

@shwetataxsolutions6314 Ай бұрын

Yes

@arupchatterjee4544 27 күн бұрын

Then which ITR form I have to filled Mam? @@shwetataxsolutions6314

@prajasekhar6279 17 күн бұрын

In BJP manifesto promised no iT for sr.citizens now no change in tariff, waste Government.

@abhijitchoudhury7845 12 күн бұрын

Never given this type of promises. Lack of knowledge is dangerous

@rameshbhatiya6168 Ай бұрын

If i get annual interest less than 2 lakhs

@bdpandey3481 Ай бұрын

Kya main stock market 2800 Intra day profit Ko short term capital gain main dikha Sakta hun

@surinderbansal1431 Ай бұрын

80G donation rebate is admissible

@shwetataxsolutions6314 Ай бұрын

Not in the new regime

@VirendraSingh-lm3tr Ай бұрын

सीनियर सिटीजन को मेडिकल एक्सपेंसेस पर छूट मिलेगी या नहीं?

@shwetataxsolutions6314 Ай бұрын

@sabitamajumder8808 Ай бұрын

New regim e P p F exemptiOn habe

@nirupamasalian8910 13 күн бұрын

You haven't discussed old regime for senior citizens. This is incomplete information

@shwetataxsolutions6314 13 күн бұрын

Thumbnail itself says that this video is for new tax region. On old tax Regime we have uploaded many videos.

@devottabeno3569 Ай бұрын

In English please, Madam

@slbadoniya6622 11 күн бұрын

दिव्यांग के लिए कितनी छूट है या नहीं है

@shwetataxsolutions6314 11 күн бұрын

80 u not available in new tax

@aerodynamico6427 Ай бұрын

Outdated ho gayaa, madam! Outdated ho gayaaa!