How No Income Tax on ₹7 Lakh INCOME | New 2024 INCOME TAX SLAB | with Calculation #INCOMETAX #SLAB

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How No Income Tax on ₹7 Lakh INCOME | New 2023 INCOME TAX SLAB | with Calculation #INCOMETAX #slab
Income Tax Budget 2023 LIVE Updates: The rebate under section 87A of new income regime hiked to Rs 7 lakh, says FM

Income Tax Slabs 2023
New income slab under new tax regime
The new income tax slabsup to Rs 3 lakh: NIL
Rs 3 lakh- Rs 6 lakh: 5%
Rs 6 lakh-Rs 9 lakh: 10%
Rs 9 lakh-Rs 12 lakh: 15%
Rs 12 lakh- Rs 15 lakh: 20%
Over Rs 15 lakh: 30%

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[vishalvishal]

Yes very well explained, no drama no over explanation that may confuse to some people, so overall well explained thank you so much

[akashmurumkar]

Please post a comparison video on Old Tax regime of 2022-23 and new one 2023-24. Since most of the folks will be waiting for that. Also on comparison for New Tax Regime of 2022-23 and 2023-24.

[surendranaththakur]

Nicely explained.Please explain about various deductions like 80c, standard deduction, interest exemption for senior citizens etc under new tax regime.Thanks .Thakur.

[binduvats]

Sir what about the saving of 150000 under section 80C???
Please clear

[Roushan_Chandra]

Mujhe ek chij samajh nhi aaya, 7lacs total income hua, jisme 3 lacs pe koi tax nahi, to bache 4 lacs .
To tax to 3 lacs-6 lacs wale tax slab ke hisab se 5% lagna chahiye.
But aapne calculate kiya, 4lacs me se 3lacs pe 5% aur fir 1lac pe 10%, to ye aise calculate q kiya aapne jabki 3 se 6 lacs la slab to 5% tax ka hai.
Plz clear .

[AbhishekSingh-jwgc]

Thanku so much you explained in very simple way ... Appreciate

[Altafaland]

Bahut badiya explain sir. Mera doubt clear kar diya aapne. Thank you

[harisudhan]

Thank you so much. First time i understood Income tax slab very well.

[True__Gyan]

New tax regime : No tax on income of 7 Lacs. Middle class right now☺️
Old tax regime : No tax on income of 5 Lakhs + 1.5 Lakhs under 80 C + 50K on NPS = 7 Lacs.


Please explain this.

[vaibhavkorde]

Thanks Bro for explaining in a understanding way 👏

[dr.skhare]

Very well explained, much better than others

[ajeetsingh]

exactly bas yehi mera doubt tha jo ki aap ne clear kar diya..
Thanks alot sir

[AnilKumar-liff]

Very good knowledgable video. Whether standard deduction of 50000 only will be available in the year of 2023 please tell. Thank you

[BilalAhmad-wscy]

Very nice sir thx allot... Ur explained better then news channel.

[Edward]

Excellent!!! So clear and well explained 👏 👌

[arbazzn]

Could you please explain how you calculated
For 3 lakhs - 5 %
For 1 lakhs - 10 %

From Video length 2:30

Thank you

[Lamp]

Hello, will the 7L limit as per new regime for no tax (with 25k rebate) applicable for HUF also? In case, if I receive all 7L as a gift from my friend as initial funding in my newly opened HUF account. Will this case be treated for 0 tax same as like for individual taxation.

[himanshudhar]

person earning 9 lakh is suppose to pay 45k as mentioned. 3 to 6 lac 5% and 6 to 9 - 10% . 15K + 30 K = 45 k. so that person will not get a rebate of 25 k under 87A as the income is above 7 lac. Now the person with 7 lac salary will not have to pay any tax. However person earning 7.10 lac have to pay 26 k tax. Can anybody clear this doubt?

[MrNitinmehra]

Dear u did 1 mistake inside video ... AY Is 2024 -25 and Not 2023
Or you can mention FY 2023 -24...
Plz reply

[neelam]

Good explanation subh se dekh rha isko dekh kar smjh Aya