ITR Filing: फाइनेंशियल ईयर( FY24-25) खत्म होने वाला है. ऐसे में टैक्सपेयर्स के टैक्स बचाने और प्लानिंग की कवायद शुरू हो जाती है. आप भी टैक्स में अपने लाखों रुपए बचा सकते हैं. कैसे? देखिए GoodReturns की Editor Bhawna और Tax Expert Sharad Kohli के साथ स्पेशल एपिसोड. इस एपिसोड में आपको मिलेंगे इन सवालों के जवाब-
#ITR #IncomeTaxReturn #IncomeTax #Tax #LTA #LeaveTravelAllowance #LTAClaim #goodreturns #businessnews #personalfinance #investment #taxplanning #taxsaving #savetax #ITRFiling #ITRFile #Form16 #NewTaxRegime #OldTaxRegime #CapitalGainTax #LongTermCapitalGain #ShortTermCapitalGain #ShareMarket #TaxSavingTips #FilingITR #ITRFilingFY24 #31March #FinancialYear #CA #TaxExpert #SharadKohli
Also Read
Taxpayers Alert! Last Date To Claim Tax Rebate Under Section 87A; Eligibility, Benefits, And How To Claim? :: https://www.goodreturns.in/personal-finance/taxpayers-alert-last-date-to-claim-tax-rebate-under-section-87a-eligibility-benefits-how-to-claim-1399227.html?ref=DMDesc
Good News For Taxpayers! Now, You Can Claim Tax Rebate Under Section 87A; Eligibility, Benefits, How To Claim? :: https://www.goodreturns.in/personal-finance/good-news-for-taxpayers-you-can-claim-tax-rebate-under-section-87a-eligibility-benefits-how-to-claim-1397147.html?ref=DMDesc
Income Tax Rule Changes In January: Deadline For Filing Belated ITR Extended; Know Penalty, How To File Online :: https://www.goodreturns.in/classroom/income-tax-rule-changes-january-deadline-for-filing-belated-itr-extended-penalty-how-to-file-online-1397133.html?ref=DMDesc
~PR.147~HT.408~ED.70~GR.124~
#ITR #IncomeTaxReturn #IncomeTax #Tax #LTA #LeaveTravelAllowance #LTAClaim #goodreturns #businessnews #personalfinance #investment #taxplanning #taxsaving #savetax #ITRFiling #ITRFile #Form16 #NewTaxRegime #OldTaxRegime #CapitalGainTax #LongTermCapitalGain #ShortTermCapitalGain #ShareMarket #TaxSavingTips #FilingITR #ITRFilingFY24 #31March #FinancialYear #CA #TaxExpert #SharadKohli
Also Read
Taxpayers Alert! Last Date To Claim Tax Rebate Under Section 87A; Eligibility, Benefits, And How To Claim? :: https://www.goodreturns.in/personal-finance/taxpayers-alert-last-date-to-claim-tax-rebate-under-section-87a-eligibility-benefits-how-to-claim-1399227.html?ref=DMDesc
Good News For Taxpayers! Now, You Can Claim Tax Rebate Under Section 87A; Eligibility, Benefits, How To Claim? :: https://www.goodreturns.in/personal-finance/good-news-for-taxpayers-you-can-claim-tax-rebate-under-section-87a-eligibility-benefits-how-to-claim-1397147.html?ref=DMDesc
Income Tax Rule Changes In January: Deadline For Filing Belated ITR Extended; Know Penalty, How To File Online :: https://www.goodreturns.in/classroom/income-tax-rule-changes-january-deadline-for-filing-belated-itr-extended-penalty-how-to-file-online-1397133.html?ref=DMDesc
~PR.147~HT.408~ED.70~GR.124~
Category
🗞
NewsTranscript
00:00The end of the financial year is almost here, so what are the three tax saving strategies that you would like to share with our viewers, which can be considered at this time?
00:16Tax savings depends on two things.
00:22First, what is your source of income? You must know that there are five sources, salary, business, capital gain, house property and income from other sources, which we call residual sources.
00:34Second, it depends on whether you are in the old regime or the new regime. In the old regime, there are tax saving options.
00:43By now, everyone must have come to know that the tax saving options in the new regime have almost been abolished.
00:51Some are left, like NPS, and some small things are left.
00:56But the purpose of bringing the new regime was to abolish the investment-based tax saving, rent-based tax saving, and donation-based tax saving.
01:08A very simple system has been implemented, where you just look at your slabs, calculate the tax, and deposit it.
01:17If you ask me about the tax saving top schemes in the old regime, then ATC is still there, up to 1.5 lakhs.
01:22Mediclaim, that is, you take medical policy, insurance, you can take advantage of that too, up to 25,000.
01:27If you are a senior citizen, then up to 50,000, which is still there.
01:30If you donate, you can take advantage of the donation.
01:33Apart from that, Section 80, which we call the deductions of Chapter 6A, is still there.
01:39If you are a salaried citizen, then you know that if you take a house rent allowance, HRA gives it to you, and you pay rent,
01:45then you can also get the HRA to forgive you against the rent payment.
01:49You show the rent receipt, show the agreement, and it will be forgiven.
01:52So, the top schemes in the old regime are still there.
01:56But the new thing that is coming out, which I think all the viewers and followers of Daily Hunt should know,
02:03my calculation says that when the new financial year starts from 1st April 2025,
02:10I think that 90-95% of the people will go into the new regime.
02:15So, the tax planning method that was there till now, till 31st March,
02:192-3% of the people are still in the new regime.
02:22But after 31st March 2025, 90-95% of the people will go into the new regime from the next year.
02:29So, what I mean to say is that very few people will remain, who will now remain in the old regime.
02:35So, the options for tax savings will gradually decrease.
02:39The best tax saving option that the government has at this time is Section 87A rebate,
02:45because of which it is Rs 12 lakh.
02:47Otherwise, the basic exemption limit is Rs 4 lakh.
02:49I am talking about the new year.
02:50In the old year, it is Rs 3 lakh.
02:52So, the rebate of 87A, which has been increased,
02:54because of which it has become Rs 12 lakh,
02:56that is the top tax saving method and it applies for all income categories.
03:00Otherwise, if your house property income is there,
03:02then you get a standard deduction of 30%.
03:05You can take that.
03:06If you are a salaried person,
03:07you know that the standard deduction of Rs 75,000 for salaried people is still there.
03:12It is in the new regime as well as the old regime.
03:14This is also a top tax saving option.
03:17If your income is from other sources,
03:19then in the old regime, your bank interest is to some extent.
03:22If your income is from your capital gains,
03:24then it depends on your shares or any property.
03:28In that, the tax saving options are different.
03:30Section 112A, in which you can take the exemption of equity shares up to Rs 1.25 lakh.
03:35If you have sold a house, then you can take another house.
03:38In Section 54, you can take the benefit by taking another house.
03:41For every income category, the tax saving options are different.
03:46In the new regime as well as the old regime.
03:50Sir, in the old regime, ATC is very popular.
03:53Please tell us a little about ATC.
03:55How can we save tax in this?
04:00ATC is a very old provision.
04:02People used to say, see the ATC of CATC and increase it.
04:07You get an exemption of up to Rs 1.5 lakh.
04:10In PPF, National Saving Certificate, you can take an insurance policy.
04:15You pay the tuition fees of children.
04:18The company provides a provident fund for you.
04:20In total, it is only Rs 1.5 lakh.
04:22You can't take more than Rs 1.5 lakh by combining all these things.
04:25You reduce Rs 1.5 lakh from your income.
04:27Those who work on salary, whose salary is good,
04:30their provident fund is enough for Rs 1.5 lakh.
04:32And if it is saved, then the things I told you,
04:35PPF, NSC, tuition fees of children,
04:38housing loan, principal repayment,
04:40all these things come under ATC.
04:42And you can take advantage of up to Rs 1.5 lakh.
04:46Sir, the financial year is about to end.
04:49What are the deadlines that we should keep in mind before 31st March?
04:56I think before 31st March,
04:58if you make an investment,
05:00like you mentioned about the old regime,
05:02if you save tax by investing,
05:05then I advise you to assess all your investments and complete them.
05:10Because there are some actions that you can take only till 31st March.
05:13Once 31st March is over,
05:15a new financial year starts and you won't be able to take those actions.
05:19So, I advise people in the old regime
05:23to take out their investment options in advance.
05:27And if they are unfulfilled,
05:29that is, unused,
05:30then you can use them.
05:32And after using them,
05:33you can check whether there is anything left or not.
05:35Otherwise, your tax will be wasted.
05:37If you are in the new regime,
05:39then before 31st March,
05:40I would say that if you haven't done NPS,
05:42National Pension Scheme,
05:44if you haven't done it,
05:46then you should definitely invest in NPS.
05:49Because you get it in the new regime as well.
05:52Apart from that,
05:53you should collect all the documents,
05:54take your statements from all the places.
05:55If you want to file your return on time,
05:57if you don't want to wait for the crowd till July,
06:00then before 31st March,
06:02you should start collecting all your documents.
06:04You have to get a statement from the broker.
06:06Form 16 from the company will come after 31st March.
06:09You have to collect bank statements from other places as well.
06:11Whatever you have to do,
06:12you can start your work.