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| Name | How to Calculate Income Tax with Slab Rates 2023-24 | Income Tax Calculation |
| Video Uploader | Video From FinCalC TV |
| Upload Date | This Video Uploaded At 23-11-2023 01:30:01 |
| Video Discription | How to Calculate Income Tax with Slab Rates 2023-24 | Income Tax Calculation with old and new tax regime In this video by FinCalC TV we will see How to Calculate Income Tax Examples using Income Tax Slab Rates for FY 2023-24 in hindi using simple calculator and excel. We will see old tax regime and new tax regime calculations and which is better to choose between old and new tax regime. Also we will see various deduction options to save income tax in 2023-24 Income Tax Calculator Online: https://fincalc-blog.in/income-tax-calculator/ Income Tax Slab Rates: https://fincalc-blog.in/old-vs-new-tax-regime-slab-rates-fy-2023-24/ New Tax Regime Deduction Options: https://fincalc-blog.in/new-tax-slabs-2023-24-deductions-allowed-new-regime/ DOWNLOAD Android App: https://play.google.com/store/apps/details?id=com.rrr.apps.financialcalculator JOIN Telegram Group: https://t.me/fincalc_tv_channel CHAPTERS: 00:00 How to Calculate Income Tax Intro 00:50 Old vs New Tax Regime Calculations 01:52 Old Tax Regime Slab Rates 2023-24 02:35 New Tax Regime Slab Rates 2023-24 03:04 Rs. 10 Lakh Income Tax Calculation 04:56 How to Calculate Taxable Income 05:27 Slab 5% Tax Calculation 06:15 Slab 20% Tax Calculation 07:23 Calculating Sum of All Slabs 07:41 Tax Rebate 87A Eligibility 08:05 Cess 4% Calculation 08:24 Total Income Tax Calculation 08:55 New Tax Calculation with new regime 13:26 Deductions available in new tax regime 13:47 Income Tax Calculator using FinCalC Blog 17:30 Conclusion Section 80C Deductions List: https://youtu.be/6nlYwNEIo48 Save income tax video: https://youtu.be/rYXXnjdYFu0 Tax Rebate 87A Explained: https://youtu.be/qxMqXY80pBc Income Tax Calculation Examples: https://youtu.be/4MNnk4NFRuw After watching this video following queries will be solved: How To Calculate Income Tax FY 2023-24 AY 2024-25? What are the income tax slab rates for FY 2023-24? What is standard deduction for FY 2023-24? Old Slab rates vs new slab rates? Income Tax calculation FY 2023-24 using excel examples? Tax rebate under section 87A? What is tax rebate u/s 87a Eligibility for tax rebate 87a Old income tax slab rates calculation vs new income tax slab rates calculation New Budget 2023 income tax standard deduction new tax regime 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 EXAMPLES: Let's say your gross total income as Rs. 6,15,000 Let's say your total investments as Rs. 75,000. So your net taxable income becomes equal to Rs. 6,15,000 minus Rs. 75,000, which is equal to Rs. 5,40,000. These Deductions are applicable only if you are using Old Tax slab rates. Your net taxable income when considering New Tax slab rates remains Rs. 6,15,000, as no deductions are applied on your total income. Now to calculate your income tax, if you are an employee or pensioner, you get a standard deduction of Rs. 50,000 only if you are using old tax slab rates. So your net taxable income becomes equal to Rs. 4,90,000 if you are using Old Tax Slab Rates. But it remains as Rs. 6,15,000 based on new Tax Slab rates. WATCH FULL VIDEO TO KNOW MORE ABOUT NEW INCOME TAX SLAB RATES AND MORE EXAMPLES. #IncomeTax #Examples #FY2023-24 #IncomeTaxCalculation #FinCalCTV ============================ LIKE | SHARE | COMMENT | SUBSCRIBE Mujhe Social Media par FOLLOW kare: Facebook : https://www.facebook.com/fincalctv Twitter : https://twitter.com/FincalcTV BLOG: https://fincalc-blog.in Telegram: https://t.me/fincalc_tv_channel Instagram: https://www.instagram.com/fincalc_tv/ ============================ MORE VIDEOS: SIP Returns Calculation: https://youtu.be/dBSorr6FGyA Income Tax Calculator: https://youtu.be/4MNnk4NFRuw Loan EMI Calculator: https://youtu.be/FSbYoHAULh0 Loan EMI Prepayment Calculator: https://youtu.be/liGgfgMn5xg ============================ DISCLAIMER: Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. |
| Category | Education |
| Tags | income tax calculation | new income tax calculation excel | how to calculate income tax | income tax | income tax calculation examples | how to calculate income tax on salary | how to calculate income tax excel | income tax calculator | income tax calculator excel | income tax calculator excel download | new tax regime vs old tax regime | new tax regime | how to calculate income tax 2023-24 | income tax slab 2023-24 | new income tax slab 2023-24 | income tax slab 2023-24 old and new regime |
