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| Name | Income Tax Calculation 2024-25 between ₹3 Lacs to ₹20 Lacs [SOLVED] |
| Video Uploader | Video From FinCalC TV |
| Upload Date | This Video Uploaded At 01-02-2024 06:36:19 |
| Video Discription | Income Tax Calculation 2024-25 between ₹3 Lacs to ₹20 Lacs [SOLVED] In this video by FinCalC TV we will see Income Tax Calculation examples for FY 2024-25 AY 2025-26 with comparison of old and new tax regime. Standard deduction is applicable in new tax regime and old tax regime and also 7 lakh income will not attract any tax under new tax regime due to tax rebate under Section 87A. Income Tax Calculator: https://fincalc-blog.in/income-tax-calculator/ Income Tax Slab Rates 2024-25: https://fincalc-blog.in/income-tax-slab-rates-fy-2024-25-old-vs-new-tax-regime/ How to Calculate Income Tax using Tax Slabs: https://youtu.be/ajPJKUaPMmQ 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 Income Tax Calculation 2024-25 Intro 01:04 Income Tax Slabs for FY 2024-25 01:44 New Tax Regime Slab Rates 03:31 Income Tax Calculator for 2024-25 04:21 Rs. 3 Lakh Income Tax 05:46 Tax Saving Options in Old and New Tax Regime 08:26 Rs. 4 Lakh Income Tax 08:48 Rs. 5 Lakh Income Tax 08:58 Rs. 6 Lakh Income Tax 09:59 Rs. 7 Lakh Income Tax 10:31 Rs. 8 Lakh Income Tax 13:54 Conclusion HRA Exemption Calculation: https://youtu.be/J5KugtFfmJw After watching this video following queries will be solved: How To Calculate Income Tax FY 2024-25 AY 2024-25? What are the income tax slab rates for FY 2024-25? What is standard deduction for FY 2024-25? Old Slab rates vs new slab rates? Income Tax calculation FY 2024-25 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 2024 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 #Budget2024 #TaxCalculation #fincalc ============================ 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 2024-25 | income tax | income tax calculation | new income tax calculation 2024-25 | new tax regime calculation 2024-25 | new tax regime calculation | income tax calculator | income tax calculator 2024-25 | income tax calculation ay 2024-25 | income tax slab 2024-25 | how to calculate income tax 2024-25 | how to calculate income tax | new tax regime vs old tax regime | new tax regime vs old tax regime which is better | new tax regime | old tax regime | fincalc | fincalc tv |
