7 Lakh Income Tax Free, Really? | #budget2023

[AamAadmiNotAParty]

In my calculations... If your salary is 20LPA and above then go for the new tax regime...
If it is below 20LPA then stick to the old tax regime

[mayankyadav]

The government is very clever because most of the people only understand now we get upto 7 lakh tax free instead of 5 lakh but it was also tax free in old tax for most of the people already. And they silently have not increased any tax slab in the old one if they also give rebate in old tax then something happened

[shubhampatwa]

I love you bro🥰🥰🥰🥰🥰✨✨ tum sabse pahle hi information dedete ho jisse friends ke bich me impression ban jata hai . 😊😊😊😊😊😊😊😊😊😊😊😁😁😁😁😁

[nikhilsoni]

deduction k liye invest to karna padega na, ka invest to karna padega na old regime k liye, isse acha to new tax regime me jake utna amount use kar le na business k liye ...

[akotireddy]

People took house loan and claiming tax exemption. Now many will find a way to reduce their interest by repaying more principal. This will impact banking sector again. Hence old tax regime is required to keep for atleast 10 more years. Same with insurance.

[ahead]

Deduction ke liye pahele kharcha karna padhta hai, the orientation is very different. Through this government had not played witty rather it is an exclusive benefit in order transfer more people into new tax regime

[darshanpatel]

Pratik bhai aapka education ke bare me batao aapka knowledge ekdum bhari hai.

[Whistle_blower]

You personally have exposure on insurance sector as far as I know. Budget has almost killed that sector by abolishing deductions.

[shobhitsaxena]

This though discourages the investment habits, and a big dent to insurance industry who used to offer various tax saving endowment plans. Even investing in ELSS, NPS, PPF is logic less if one was doing it to claim deductions under various sections.
Youth pehle hi paise uraata hai, government ne keh diya khul ke ura, save kar ke kaunsa tax bacha lega. 😂

[lakshya]

😄 कौन से एंगल से बजट अच्छा लगा ... कमाल करते हो भाई

[Aditya.Santra]

Please make a detailed video on this. 👍

[japjotsingh]

Hey Pratik, considering my income to be 9.5L, i can claim standard deduction of 50k (if salaried), 24(b) intrest on housing loan 2L, 80c 1.5L and 80ccd 50k. This will bring my taxable income under the old scheme to 5L for which i will get the rebate & net tax payable will be zero. Whereas in the new scheme if my income is 9.5L and considering no deductions my tax payable (according to new slabs) will be 45, 000 (after considering the standard deduction of 50k in new tax regime).
Your views on this?

[souvikghosh]

I know this. But you are bold to say it.

[opendrakumar]

Bhai ne sardi me bhi fan chala rakha hai 🤔😮cool

[rautmd]

Highlight karne ke liye point mil gya ya 'No tax till 7L'

[sonu]

Is 7 lakh rebate applicable for 22 - 23 returns ?

[ombhandari]

Sir, make a detailed video on 2023 budget.

[Ironman-zduz]

So, in next few years whole economy based on savings to reduce tax liability will

[funtube]

new is best..

Example for 12lpa.. standard deduction 50k
85, 800 with cess...
Now calculate tax by old regime.. take deductions 80c, 80dd NPS, standard =250k
1200k-250k = 950k (9.5L)
Tax will be 1, 06, 600 with cess..

Now,
take another deduction of 1, 00, 000 by any section HRA, 24 home loan
Net taxable income=8, 50, 000
Tax for this income will be 85, 800 with cess...

Now tell me .... Which is best ?
I say as per your opinion..😂😅
Because deduction means illiquid money.. but this will suit some people (probability is less)

New is Gold now for (most people), as not all people take deductions that much...
And liquidity is more important for me (lower middle class)..

[ritiksahu]

80C HRA DEDUCTION NPS mila ke toh mai vese bhi 9L pe tax nahi dena padta.