Senior Citizen Income Tax Slab & Tax Calculation kaisa laga? COMMENT KARO 👇👇 Income Tax Calculator Online: fincalc-blog.in/income-tax-calculator/ JOIN Telegram Group: t.me/fincalc_tv_channel
@agmabms
8 ай бұрын
Sir, For senior Citizens tax under old rezime, you have not considered Rs.50,000 towards mediclaim under Section 80D and donation under Section 80G. If I donated to an orphanage registered under IT Act, for Rs.20,000/-, donation I get tax benefitvof Rs.10,000. Further if my net income after all deductions is less than Rs 5 lakhs, I am entitled to tax rebate of Rs.12,500/- or the tax calculated whichever is less.
You have not taken tax reliefs on Medical insurance premium limited to ₹50,000 and medical expenses and also senior citizen savings of ₹1,50,000. Also you did not mention about exemption for tax return submission under section 197 of IT act. Can you piece explain
@prasantachakraborty3497
6 ай бұрын
Excellent explanation. But you have not considered home loan interest exemptions in old tax regimes
@mvr1950
2 ай бұрын
Excellent demonstration
@fincalc
2 ай бұрын
Glad it was helpful!
@ravinderbhat112
8 ай бұрын
Dear recalculate as per new rule of exemption of ₹7 lakhs.
@HukamSingh-qh6pc
7 ай бұрын
God's bless you beta ji for sharing valuable information ❤😊🎉
@fincalc
7 ай бұрын
thank you sir!!
@BaljeetSingh-nm8hu
6 ай бұрын
Much better than Narender Modi's "chawanni chhap" lectures . Explaination was quite good, more depth is expected as Income Tax calculation is very difficult for normal man . In place of 80(GG) you have to mention about Section 10(13A). Your score is 8 out of 10. 💢 🌸⚽
@mukundabc8769
4 ай бұрын
Good and precise calculations
@fincalc
3 ай бұрын
Thanks and welcome
@ujjwalaraut7538
6 ай бұрын
Nicely explained in easy way.😊
@fincalc
6 ай бұрын
thanks
@satyapaulkanjlia7346
3 ай бұрын
Very useful video. I am 84 year NRI Pensioner. Pension income range about 14 lakh. Pension,FD & sb interest only. What provisions apply/do not apply. Grateful for advice.
@harisinghbarhath3344
4 ай бұрын
शानदार प्रस्तुति
@fincalc
4 ай бұрын
Dhanyavad
@vijaytikku9628
6 ай бұрын
Very useful video. Kindly also advice, if I have invested Rs. 4 lac in buying few shares in the F.Y. 2023-24, which are lying in my Demat a/c. Which ITR I have to fill eithe ITR-1 or ITR-2.
@aashiyanaansari9343
2 ай бұрын
Bas AAJ SAMAJH aaya ITR For pensioners BAHOT KHOOB SIR
@somakrajgupta5545
8 ай бұрын
Very helpful and detailed
@fincalc
7 ай бұрын
thank you
@srmaurya
9 ай бұрын
Very useful. Thanks!!!!
@fincalc
9 ай бұрын
Glad it was helpful!
@dilipmankawade6328
5 ай бұрын
VERY NICELY EXPLAINED THANKS SIR
@fincalc
5 ай бұрын
welcome
@anuragshukla6230
9 ай бұрын
Bhaiji, IPO selling ke baad kitna tax lagta hai aur ye tax kaise bharna hota hai ispar ek detailed session kijiye.
@fincalc
9 ай бұрын
theek hai, stay tuned
@AnilSingh-ps7tt
7 ай бұрын
Very good information.
@fincalc
7 ай бұрын
Glad it was helpful!
@rajisomnath5510
3 ай бұрын
Best description
@fincalc
3 ай бұрын
thanks
@must604
6 ай бұрын
Simple way of explaining.
@kamleshpanwar8102
3 ай бұрын
Excellent 👍
@garimella999
7 ай бұрын
VERY GOOD
@fincalc
7 ай бұрын
thank you!
@vijaytikku9628
6 ай бұрын
Very useful video. I am a government Pensioner. Kindly also advice, if I have invested Rs. 4 lac in buying few shares in the F.Y. 2023-24, which are lying in my Demat a/c. Which ITR I have to fill eithe ITR-1 or ITR-2.
@ajoydas3353
9 ай бұрын
Sir good presentation. In new regime, is sec 80C will be added in pension to find gross income? Kindly clarify. Thanx.
@fincalc
7 ай бұрын
thank you! Section 80C is not available in new tax regime
@pankajagrawal5670
7 ай бұрын
You have not considered/ explained rebates for medical insurance premiums u/s 80D.
@dulalkumachakravorty3980
7 ай бұрын
😅such video is very useful for senior citizens like us dkc kol. 115
@fincalc
7 ай бұрын
thank you!
@manasdas4301
2 ай бұрын
Please explain if taxable income is 650000 for senior citizen under new tax regime
@surendrannair9947
2 ай бұрын
Kindly explain, what are the incomes under Sec 80C,80CCD and 80GG
@fincalc
2 ай бұрын
Check this video kzitem.info/news/bejne/mWaJqWWmfl9_qXYsi=ZDZFsB5spcYNwrMt
@Jampana_shorts
2 ай бұрын
Under section 80 D, you can claim a deduction of up to Rs 75,000 (25,000 for self and Rs 50,000 for parents). But if you and your parents are both senior citizens, it can go up to Rs 1 lakh. Rs 50,000 for self and Rs 50,000 for Parents).
@murthydsn8865
2 ай бұрын
Nowadays every information relating to cash deposits or purchase of immovable property or sale of immovabe properties are recorded in 26 As or AIS. Therefore it is better to disclose all sources of income, deposits etc to void penal consequences pl Jaisriram.
@govindammac.2955
7 ай бұрын
In Old tax regime Rs. 50000/- medical expenses not mentioned
@adhinarayanan380
9 ай бұрын
Thank you so much sir! Very well explained. When i calculated the tax likability for my father for the financial year 2023-2024 under the new regime, who is a super senior citizen pensioner with a gross annual income of Rs 12 lakhs, the calculator in your website computes the tax to Rs. 85,800 but the tax calculator in the official income tax website computes it to Rs, 90,000 plus 4% cess of Rs.3600 and the total payable tax calculates to 93,600. can u please clarify or make a video for tax calculation for super senior citizens with 5 lakhs exemption limit? Thank you so much for your educational videos.
@fincalc
9 ай бұрын
Welcome! On my website you must have selected "Pensioner" option which includes Rs. 50,000 as standard deduction for senior citizens based on which tax is Rs. 85,800 on 12 lakh income with new regime.. on official tax calculator this deduction is not included by default that's why Rs. 93,600 is shown as tax. Rs. 85,800 tax is correct with standard deduction and Rs. 93,600 tax is correct without standard deduction. If your father is not pensioner than select "Business" option to match the tax with official tax calculator. Hope it helps!
@adhinarayanan380
9 ай бұрын
Thankyou so much Sir for your prompt and detailed reply. Now I understand. Yes my father is a Tamilnadu state government pensioner. As per your guidelines when I entered Rs. 1150000 in the field titled "Income from Salary (After eligible exemptions and deductions u/s 16 as per selected regime) the tax payable exactly tallies with the figure calculated in your website. Thank you so much.@@fincalc
@fincalc
9 ай бұрын
@@adhinarayanan380 great. welcome!
@slalitha4959
2 ай бұрын
Is there any rebate for Donation under section 80G under New Tax regime
@fincalc
2 ай бұрын
not in new tax regime
@sunnytoms9416
7 ай бұрын
Beautiful
@fincalc
7 ай бұрын
Thank you
@dsuryaprakash4768
6 ай бұрын
Thanks
@umeshdaivagna4515
3 ай бұрын
Thank you😊
@fincalc
3 ай бұрын
You're welcome 😊
@InvestwithFun
4 ай бұрын
I am Senior Citizen my Anual Income is 4.50 lakh under Old Tax Regime., do i have to file TAX ?? or is it ok not to fil TAX as i am not under any tax deduction slab ( as upto 5Lack i have rebate)
@RavishBK
2 ай бұрын
Sir,what about tax rebate for physically handicapped persons
@nalinirao1389
2 ай бұрын
For senior citizens who have pension and Fd interest which one will be benefited new or old pl tell me ,i am 73 years old
@fincalc
2 ай бұрын
it depends on your total income and investments. please use the tax calculator to decide same: fincalc-blog.in/income-tax-calculator/
@satishgupta5245
9 ай бұрын
If I opt for new regime this time, then can I switch to the old regime again for the next year. Or Is it possible to switch any time to the old regime and new regime and vice versa. Plz confirm.
@fincalc
9 ай бұрын
Yes possible
@subirkumarbiswas2083
3 ай бұрын
You did not mention whether medical insurance is exempted or not in tax calculation in old and new regime. Pl clarify.
@narenderdhanna5044
3 ай бұрын
Sir, Mera post office fd per tds kata hai per vah 26as me nahi reflect kar raha Kya mai tds ka refund claim kar sakta hu without 26as ke Regards
@monaghate4096
4 ай бұрын
Rs 5000 preventive medical चेकअप for senior citizens, not taken into account for deduction in old regime. Please clarify.
@jahangirhaji8364
2 ай бұрын
My income inculuding pension and interest is1105045.ok tell me how much tax I have to pay for year2023_2024
@fincalc
2 ай бұрын
Please use tax calculator here Link: fincalc-blog.in/income-tax-calculator/
@narendrasadarani912
2 ай бұрын
what about interest income on FD over and above pension income ?
@imawesome9412
9 ай бұрын
Hi bro agar package 6 to 6.5 hai toh new tax regime se exemption kaise save kar sakte hai
@fincalc
9 ай бұрын
New tax regime ke hisab se 7 lakh Tak koi tax nahi hai.. tax rebate 87a use karke Calculator use Karo: fincalc-blog.in/income-tax-calculator/
@monaghate4096
4 ай бұрын
Rs50000, for medical expenses and premium for medical insurance upto 25000 applicable है ना old regime में?
@sureshkarande-e9i
6 ай бұрын
Best
@krishankumartyagi1874
7 ай бұрын
Rebate on Medical expenses or Insurance not included.
@prajapatinikul2650
9 ай бұрын
Mera ek question hain aspko Kisi senior cityzen ne senior citizen saving scheam main 30 Lakh invest liye hain or interest ki sala na income karib 2,42,000 hoti hain to kya wo income tax k dayre main aate hain ?
@assam775
9 ай бұрын
Pata nhi
@fincalc
9 ай бұрын
Ha senior citizen saving scheme ka interest taxable hota hai aapke slab rate ke hisab se tax lagega
@laljimishra2031
2 ай бұрын
What will be incometax to be paid for income of 932000/- under new tax Regime Pl reply soon
@fincalc
2 ай бұрын
please use income tax calculator: link: fincalc-blog.in/income-tax-calculator/
@shambhunathbayen-iv1fb
6 ай бұрын
If I extended amount under scss, can I get rebate under sec80c?
@fincalc
5 ай бұрын
yes SCSS deposits can be claimed under section 80C watch this video for SCSS calculation: kzitem.info/news/bejne/26aQm6WMpIB2jW0
@sarmauppuluri1373
6 ай бұрын
U left out 80 d medical deductions please update your calculations
@fincalc
6 ай бұрын
yes there are multiple deductions to be considered while calculating tax with old tax regime please use the income tax calculator here: fincalc-blog.in/income-tax-calculator/
@AshokKashyap48
2 ай бұрын
If any one is not salaried or pensioner. She is a housewife and her income from FD & saving interest. What to do.
@premsharma2290
5 ай бұрын
New system intt on ppf is non taxable?
@fincalc
5 ай бұрын
yes ppf interest in non taxable
@pradimanpk
4 ай бұрын
Nsc aur kisan vikas ki maturity per tax kaisey lagta hai
@AnjaliDeshpande-w7s
2 ай бұрын
Your tax calculator file is not openable?
@kusvkotagikotagi5892
2 ай бұрын
Sir last year ITR not finalised due not knowing how to match 10 E kindly help to resolve my ITR with IT experts at Bangalore kindly provide address tq
@murthydsn8865
2 ай бұрын
DEDUCTIONS u/S 80-D or 80 DD can be claimed only if the expenditure is actually incurred. It is not automatic for any one. Jaisriram.
@SamirRanjanDas-cz8kd
8 ай бұрын
I am 81 yrs My income only bank interest which is less than 1 lac May I have to link Pan with Aadhar card ?
@jp-bu3ql
9 ай бұрын
bhai trader ko house loan kese mil shkti hai plz make video
@saraswathynair4870
8 ай бұрын
Medical allowance deduction available or not
@1961anand
8 ай бұрын
iam at 64 years. iam not getting any amounts from any where.now I have invested in share market in stocks.can you give us the amount to be paid if i have earned 7lacks.
@ratnakarsarwade1714
4 ай бұрын
how to calculate income fro m home
@agmabms
8 ай бұрын
Sir, For senior Citizens tax under old rezime, you have not considered Rs.50,000 towards mediclaim under Section 80D and donation under Section 80G. If I donated to an orphanage registered under IT Act, for Rs.20,000/-, donation I get tax benefitvof Rs.10,000. Further if my net income after all deductions is less than Rs 5 lakhs, I am entitled to tax rebate of Rs.12,500/- or the tax calculated whichever is less.Sir, For senior Citizens tax under old rezime, you have not considered Rs.50,000 towards mediclaim under Section 80D and donation under Section 80G. If I donated to an orphanage registered under IT Act, for Rs.20,000/-, donation I get tax benefitvof Rs.10,000. Further if my net income after all deductions is less than Rs 5 lakhs, I am entitled to tax rebate of Rs.12,500/- or the tax calculated whichever is less.
@fincalc
7 ай бұрын
yes you can consider many deduction options as per your deductions under old tax regime
@milindwadalkar7143
6 ай бұрын
What about housing loan interest????
@rabinsaha1669
6 ай бұрын
upto 7 lac income for senior citizen no tax to be oaid . is it correct ? pls confirm .
@fincalc
6 ай бұрын
yes correct
@rabinsaha1669
6 ай бұрын
@@fincalc thanks for confirmation.
@amitkurani9681
6 ай бұрын
Medical deduction plus 5000 regular check deduction not taken
@rajendrabhatt3858
3 ай бұрын
😂Very help ful😂
@gopalansrinivasan58
5 ай бұрын
My total income is 770320 what is the tax in new slab
@satishchanderseth3770
3 ай бұрын
In OLD TAX REGIME the Slab Rates should be 5. Per Cent, Ten Per Cent and 15. Per cent for Senior citizens. Senior citizens should be given some relief.
@fincalc
2 ай бұрын
yes you are right
@SipraMajumdar-c9l
3 ай бұрын
up advocate hain 80years filing vi karne parega 500 rs dene parega😮
@avinashbansod9248
6 ай бұрын
Short term gains and long term gains not mentioned.
@klgoel2853
2 ай бұрын
In new scheme std deduction is 75000 you show 50000
@krishnannairkv3907
3 ай бұрын
I am 83years old and my annul income is 590000 rs is iam jn the range of in comtax
@s.k.gambhir3230
2 ай бұрын
Medical claim not taken
@balbirsingh9011
9 ай бұрын
87A rebate is available in new regime only. Your comparison need to be corrected
@fincalc
9 ай бұрын
it's available in old regime also. please check
@balbirsingh9011
9 ай бұрын
@@fincalc Yes but 87 A limit of Taxable Income in the old tax regime is Rs. 5 Lakh whereas in the new tax regime, it is Rs. 7 Lakh. The rebate will be Rs. 12,500 and Rs. 25,000 in the respective regime.
@fincalc
9 ай бұрын
@@balbirsingh9011 same things I have explained in video.. check at 14:38
@swapansingh1840
7 ай бұрын
Sir, 62years old pension reacived 6lac 50 thousands what will be tax.
@nathulaljat-zg6sp
4 ай бұрын
Old taxRegime 80C&?80TTB DIDUCTION Edding pl help
@rajeevanck4842
6 ай бұрын
80D is not mentioned here.
@UrmilaVaishnav-mf7rw
3 ай бұрын
न्यु टैक्स मे मार्जिन रिलीफ नहीं दिखाई है।
@laxmankarale9450
7 ай бұрын
700000 incometax new tax
@ASen03060
5 ай бұрын
Senior citizen ko income tax ka pura mukub hona chahiye.
@hpsingh5956
7 ай бұрын
FD for 10yrs 80C me aayega
@probalchakravarty2947
5 ай бұрын
Scss 80c me ayega?
@ratnakarsarwade1714
4 ай бұрын
Income from house
@PradeepKumar-gu6zd
7 ай бұрын
In Headline t English but you explain in Hindi you think only hindi knowing person watch then change Headline in HINDI
@s.t.chandrasekharbabu132
3 ай бұрын
You better give all tax exemptions. Without giving them ,you are creating panicky in senior citizens.
@kusumlata2495
Ай бұрын
Theseratesin new regime are wrong.correctit
@rameshchoure7205
3 ай бұрын
850000-250000-550000 ला टॅक्स बसत नाही,तुम्ही चुकीची माहिती दिलेली आहे,ती कृपया दुरुस्ती करावी.
@annamalaidarmalingam4400
6 ай бұрын
Give in english
@thyagarajansiva2661
3 ай бұрын
Talk less
@nutansatbhai5230
2 ай бұрын
Very Very useful 👌
@kennethkonda8764
2 ай бұрын
Can we switch to newer regime from old one or vice versa year to year ?
@fincalc
2 ай бұрын
yes probably, option is given while filing ITR
@rosebudpk3920
7 ай бұрын
Your video was most useful sply explaining old vs new regime. Waiting to use the tax calculator online. Good effort made by you.
@fincalc
7 ай бұрын
Glad it was helpful! You can use the calculator here: fincalc-blog.in/income-tax-calculator/
@P.S.R..
Ай бұрын
For example mera account me 50000 hain..aur mai usko upi transfer ki jariye friend ko send kiya tho friend invest karke vo ulta 55000 karke send kia vaise hi baar bar friend ko send kiya aur 5000 faida aneka badha muje send kiya tho firse invest ..aur total financial year starting me balance 50000 tha aur financial year ending ending me 250000 hua ek financial year me tho iska itr file karna hai kya ..????
@ulhasarolkar
7 ай бұрын
Thanks for calculator...
@fincalc
7 ай бұрын
welcome! please share with others
@satyanarayankamath3634
7 ай бұрын
I am aged 80+years I am doing shares purchase & selling tell me how to calculate my income Tex 🙏 Jai shree Ram 🙏 I am ex defence person 🙏🇳🇪🙏
@cvraocvrao1428
2 ай бұрын
Sir if some body pension and intt income together crosses 13 lacs for rs citizen under 80 years what would be the tax after TDs 70000/- already deducted.
@venkatakrishnan8653
4 ай бұрын
Excellent explanation for tax calculation.
@fincalc
4 ай бұрын
Glad it was helpful!
@alokdas8932
2 ай бұрын
TCS deducted on purchasing car, is it refundable?
@NazirKhan-vc7xm
2 ай бұрын
Cataract operation me kitna deductions hai
@rajnikantpatel730
2 ай бұрын
Standard didc. Is ₹.52500 in new regim in buget is true?
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