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36 Views • Jan 23, 2024 • Click to toggle off description
In this Video, I, Suraj Deo (from Deo Talks) explain the key differences between the new and old tax regimes to help you make the right choice for your income level. If your earnings are less than or equal to 7.5 lakhs, the new tax regime might be more beneficial with no tax up to that income, thanks to a standard deduction of 50,000. Watch to learn how this could mean zero tax payment for you if your total tax payable is up to 25,000.
On the other hand, if you earn more and have substantial deductions from investments in ELSS, PF, Home loans, or HRA, the old tax regime might save you more money. The old regime allows you to claim deductions, reducing your taxable income even in higher income brackets.
We simplify the concept of Net Taxable Income with an easy-to-understand table. Pause the video and check it out for complete clarity.
#finance #personalfinance #Deotalks #surajdeo #taxsaving #taxplanning #investmenttips #oldtaxregime #newtaxregime
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Views : 36
Genre: Education
License: Standard YouTube License
Uploaded At Jan 23, 2024 ^^
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Rating : 5 (0/7 LTDR)
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User score: 100.00- Masterpiece Video
RYD date created : 2024-01-23T16:30:38.967086Z
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@CA_Surajdeo
10 months ago
Full video link for easy explanation:
https://www.youtube.com/watch?v=IXXezvBP09o&t=14s
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