Calculate INCOME TAX for 2024! | Ankur Warikoo Hindi

In this comprehensive guide, we dive deep into the intricacies of income tax, equipping you with the knowledge and tools needed to navigate this essential aspect of personal finance. From understanding the nuances of the old and new tax regimes to exploring strategies for maximizing tax savings, we cover it all to ensure you're well-prepared for tax season.

Learn how to optimize your tax liabilities by taking advantage of deductions, exemptions, and other tax-saving instruments. Whether you're a salaried individual, self-employed professional, or business owner, this video offers valuable insights to help you make informed decisions and optimize your tax efficiency.

#IncomeTax #TaxSavings #warikoo

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Let’s connect online:

[warikoo]

My bestselling books:

My gear for shooting this video:

Useful links:

The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.

[satishpatel]

Hi Ankur!
By profession I m engineer, but some days before I just think about understand income tax calculation,
And I m sock by notification of this video,

Thank you so much sir! for make this video, because I understand anything explain by you only

[ankurkuchhal]

Thanks for sharing..I plan to prepare it myself but your excel copy saved my time... Approx 16lac if your taxable salary and 4.25 lac approx u can have as deduction then both break even.. few other things to consider like if u opt for new tax regime then u loose benefit of meal voucher, transport, ltc, fuel reimbursement, telephone etc perks...so do consider it

[dhirenderu]

Ankur, the 80D limit is 75k max if parents are senior citizen otherwise 50k is the maximum limit. In the New Tax Regime, Corporate NPS benefits and Let-out property benefits are given.

[pheonix]

No intros, no subs likes demanding, no Chik chik ads

Pure plain Worthy Content. ❤

[vikramrahulsingh]

At the end Ankur forgot that employees pay tax on earnings/income not on profit like businesses 😂. Tax is good for businesses not for salaried employees. You don't know the pain of making living with only 40~50% of one's income because rest all is looted by governments.

[nightfox]

There's also employer contribution to epf and nps, which can be availed with new tax regime which further brings the total tax down.

[bikerboy]

sir i'm 19 yr old but one thing i can suggest to you is that you can become a brilliant teacher in finance and i would love to join your school if you start in future

[meetanjaria]

Ankur, you should include 80CCD 1B that's separately considered in old regime than 80C. It also gives Max returns tbh, with the only catch being lock in period.

[manoranjanminz]

I am sorry to say that there are few wrong informations given in the video.

1. In Section 80D you can claim upto ₹75000.
2. HRA has an amount limit that can be claimed. It is minimum of (Actual HRA received, 50% of [basic salary + DA] for those living in metro cities, 40% of [basic salary + DA] for those living in non-metros, Actual rent paid - 10% of [basic salary + DA])

[shaluarora]

You are the best all your videos are really informative and helpful

[getinspiredonline]

Sir I am 15 Year old teenager Residing In India. I have always been inspired by entrepreneurs and big businessmen, to get rich and make money . This video helped me a lot to Understand The Indian Economy and My responsibility as a citizen . Thank You sir and i really appreciate your content👏🤝

[chaitu]

thank you so much for the calculator. I realise that it takes a lot of effort to compile that. It helped so much in gaining clarity over my decisions.

[mrstrange]

NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961 is allowed under New Tax Regime under employer's contribution

[harshmk]

Sir, we now know about mutual funds and share market, and investments, thanks to your videos .
But please now make a detailed Playlist regarding taxes for youngsters who had just started their jobs 1-2 years back and are now 25-26

So that they can know more about taxes and how can they can pay taxes and save taxes in a legal way .
Thanks .

[jagdishdhanuka]

सर आपने बहुत ही सरल तरीके से समझाया. धन्यवाद. 🙏🙏
सर अभी मेरे individual ki file मे इंटरेस्ट और रेंट इनकम है. क्या मै old regime se new regime कितनी बार chenge kar sakta hu ya nahi. 🙏

[Discipulus]

To save tax you must have... As a student I have to think before twice before having chai with friends 😂😂

[zingerinc]

Sir, please make a video on the informal economy in India and its impact on different classes of people. Thank You !

[namratamachale]

Thank you Ankur for making simple to understand😊

[shubham.salvee]

As a CA student, I`m clarifying that It is not as easy as you think and you can`t compute your exact income tax liability just by watching this video. Yes, it`s good for your basic understanding of both regimes and slab rates but you have to get a professional person to compute your true and fair tax liability otherwise you have to pay penalties. Thanks ❤