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| Name | Senior Citizens Income Tax Slab Rates and Tax Calculation 2023-24 [Examples] |
| Video Uploader | Video From FinCalC TV |
| Upload Date | This Video Uploaded At 08-12-2023 08:34:53 |
| Video Discription | Senior Citizens Income Tax Slab Rates and Tax Calculation 2023-24 [Examples] In this video by FinCalC TV we will see Senior Citizens Income Tax Slab Rates and Tax Calculation 2023-24 in hindi with the help of examples. Income tax slab rates with old tax regime and new tax regime will be explained along with income tax calculation examples for senior citizens of age between 60 years to 80 years. Income Tax Calculator Online: https://fincalc-blog.in/income-tax-calculator/ Download Income Tax Calculator in Excel: https://fincalc-blog.in/senior-citizen-income-tax-calculator-fy-2023-24-excel-download/ Income Tax Slab Rates Blog: https://fincalc-blog.in/old-vs-new-tax-regime-slab-rates-fy-2023-24/ 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 Senior Citizens Income Tax Calculation Intro 00:35 Income Tax Slab Rates 2023-24 (Old regime) 01:24 New Tax Slab Rates for Senior Citizens 02:01 Income Tax Calculation Examples 06:54 Tax Calculations based on Slab Rates 12:50 New Tax Slabs Calculation Examples 15:54 Using Fincalc Income Tax Calculator 18:51 Senior Citizens Income Tax Calculation Conclusion Section 80C Deductions list Video: https://youtu.be/6nlYwNEIo48 Tax Rebate 87A Video: https://youtu.be/qxMqXY80pBc 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 #SeniorCitizens #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 | senior citizens income tax calculation | income tax calculation | how to calculate income tax | income tax | senior citizens income tax calculation 2023-24 | senior citizens income tax calculation 2023 | senior citizens tax calculation | senior citizens income tax slabs | senior citizen income tax | senior citizen tax slabs | senior citizen income tax calculation | senior citizen how to calculate income tax | fincalc | fincalc tv | income tax slab 2023-24 | old ve new tax regime | new tax regime |
