How to calculate income tax in New Tax Regime | FY 2023-24

How to calculate income tax in New Tax Regime

5 Steps to calculate income tax
1. Identify income sources
2. Calculate exemptions and deductions
3. Calculate Net Taxable income
4. Calculate Tax as per tax slabs
5. Finalize tax - apply CESS, Surcharge, Rebate

EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)

[sathyaprakashmaruthai]

Where is rent of house property letout you have claimed interest paid on let out property but no mention about interest income on let out property.

[venkateswaranka]

During1974 75, income, upto
18000exempt, from, tax
Income, between, 18000to
25000taxef, at, 25%
Will, Rahul, Gandhi, aware, of, this
It, was, congress, govt, then

[vijayendravarman]

intha video va dhan ivlo naala theditu

[deebakbaabudhamodharan]

bro savings account interest 80TTA la 10000 varaikkum deduction irukkumey

[ramamoorthysarangapani]

What are the benefits for supr sr citizen above 80 yes under new regime Pl clarify Thanks

[stephenraj]

Clear explanation, Thanks bro. NPS and EPF employer contribution irukra maari oru example potrundha inum better ah irundhurkum. Actually unga video paathu dan new tax la indha deduction irukune therinjukten. Standard deduction 50k thavira vera edhum kedaiyathu nu nenachen. Thanks bro

[sivakumarg]

BRO, YOUR VIDEOS ARE VERY CLEAR AND INFORMATIVE. PLEASE GIVE ONE VIDEO FOR HUF TAX CALCULATIONS 2024-25.

[vinitha]

Under new regime, apart from standard deduction any other option available for reducing taxable income

[msvcreations]

Where to enter EPF and NPS details in ITR filing in new tax regime ? I couldn't see in ITR filing in Govt website.

[seetharamak]

Is it std.deduction applicable for senior citzens. To whom it is appkicable

[LinnetRajakumari]

Is monthly LIC refund amount from LIC jeevan Nidhi policy taxable

[murugesanmmurugesanm]

Sir...net taxable income..15, 29, 400...new regime calculation amount..tax Rs..165173 only.
E filling time IT Department...calculated..2, 82, 173...? Reason.

[abrowsingcenter]

Bro
Credit card payment upi
ais 1038036/- tax payment

[ramanivenkataraman]

Why Government withdrawn the ceiling limit in incometax for senior/ super senior citizen

[narasimhannarasimhan]

Sir, I am a taxpayer but last two years no income and nil balance, so I pay the income tax, please give me answer sir

[mathanrajvs]

You haven't included the rent in income

[mbaskar]

Hi Bro, Can you please post a video about tracking all the investments like SSY, NPS, PPF, MF, and stocks using Google Sheets?

[nandhinianjalrajan]

Bro indha tax calculation formula kidaikuma

[krishneshchandar]

I am a pensioner. Is standard deduction applicable to me?

[nandhuandsteve]

Bro oru return file pani katuga forms la enna enna updates vandhu iruku nu ... Indha year la neraiya updates vandhu iruku bro neraya confusions iruku