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| Name | Income Tax Calculation on Salary Payslip | How to Calculate Income Tax [Calculator] |
| Video Uploader | Video From FinCalC TV |
| Upload Date | This Video Uploaded At 19-12-2023 13:08:52 |
| Video Discription | Income Tax Calculation on Salary Payslip | How to Calculate Income Tax [Calculator] In this video by FinCalC TV we will see Income Tax Calculation on Salary using salary payslip in hindi. We will check old tax regime and new tax regime calculations with the help of income tax calculator and tax slab rates 2023-24. This will help you in income tax return filing as a salaried employee. Income Tax Calculator Online: https://fincalc-blog.in/income-tax-calculator/ Income Tax Slabs 2023-24: https://fincalc-blog.in/old-vs-new-tax-regime-slab-rates-fy-2023-24/ New Tax Regime Deductions Allowed: https://fincalc-blog.in/new-tax-slabs-2023-24-deductions-allowed-new-regime/ DOWNLOAD Income Tax Calculator App on Mobile: 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 on Salary Intro 00:57 Salary Payslip Structure Example 03:19 Applying Deductions to Save Income Tax 05:20 Professional Tax in Salary 06:20 Taxable Income Calculation 07:31 Income Tax Slabs [Old Regime] 07:49 Calculating Tax based on Slab Rates 09:02 Tax Rebate 87A Eligibility 10:19 Income Tax Slabs [New Regime] 12:02 Example 2 for Income Tax Calculation on Salary 17:26 Using FinCalC Income Tax Calculator 20:32 Conclusion HRA Calculation Video: https://youtu.be/J5KugtFfmJw Tax Saving options with Old Tax Regime: https://youtu.be/KscdSx9Cvfg Section 80C Deductions List: https://youtu.be/6nlYwNEIo48 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. vCVeUvoo3Hs |
| Category | Education |
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