Income Tax Slabs 2024-25 with Calculations | New vs Old Tax Regime [Hindi]

Income Tax Slabs 2024-25 with Calculations | New vs Old Tax Regime [Hindi]
In this video by FinCalC TV we will see Income Tax Slabs 2024-25 with tax Calculations. We will also see investment options available in old and new tax regimes along with which tax regime is better for you in hindi. Income tax slabs 2024-25 kya hai.

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Income Tax Slab Rates 2024-25:

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CHAPTERS:
00:00 Income Tax Slabs 2024-25 Intro
00:29 Old Tax Regime Slab Rates
01:22 New Tax Regime Slab Rates
02:15 Senior Citizens Income Tax Slabs 2024-25
03:45 Income Tax Calculator on FinCalC Blog
05:03 Rs. 10 Lakh Income Tax Calculation
07:57 Conclusion

Deductions under New Tax Regime:

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After watching this video following queries will be solved:
Income Tax Slab Rates 2024-25
Senior Citizens Income Tax Slab Rates 2024-25
Old Tax Regime vs New Tax Regime
No Income Tax with new tax regime
New Tax regime income tax calculation
How To Calculate Income Tax FY 2024-25 AY 2024-25?
What are the income tax slab rates for FY 2024-25?
What is standard deduction for FY 2024-25?
Old Slab rates vs new slab rates?
Income Tax calculation FY 2024-25 using excel examples?
Tax rebate under section 87A?
What is tax rebate u/s 87a
Eligibility for tax rebate 87a
Old income tax slab rates calculation vs new income tax slab rates calculation
New Budget 2024 income tax
standard deduction new tax regime

NEW TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 3 lacs
- 5% Tax on Income between Rs. 3 lacs to Rs. 6 lacs
- 10% Tax on Income between Rs. 6 lacs to Rs. 9 lacs
- 15% Tax on Income between Rs. 9 lacs to Rs. 12 lacs
- 20% Tax on Income between Rs. 11 lacs to Rs. 15 lacs
- 30% Tax on Income above Rs. 15 lacs

OLD TAX REGIME:
- No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
- 5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
- 20% Tax on Income between Rs. 5 lacs to Rs. 10 lacs
- 30% Tax on Income above Rs. 10 lacs

EXAMPLES:
Let's say your gross total income as Rs. 6,15,000
Let's say your total investments as Rs. 75,000. So your net taxable income becomes equal to Rs. 6,15,000 minus Rs. 75,000, which is equal to Rs. 5,40,000. These Deductions are applicable only if you are using Old Tax slab rates. Your net taxable income when considering New Tax slab rates remains Rs. 6,15,000, as no deductions are applied on your total income.
Now to calculate your income tax, if you are an employee or pensioner, you get a standard deduction of Rs. 50,000 only if you are using old tax slab rates.
So your net taxable income becomes equal to Rs. 4,90,000 if you are using Old Tax Slab Rates. But it remains as Rs. 6,15,000 based on new Tax Slab rates.

WATCH FULL VIDEO TO KNOW MORE ABOUT NEW INCOME TAX SLAB RATES AND MORE EXAMPLES.

#IncomeTax #TaxCalculation #IncomeTaxExcel #fincalc

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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.

[fincalc]

Income Tax Slabs 2024-25 Video kaisa laga? COMMENT KARO 👇👇
Read more about Old vs New Tax regime Slab Rates:
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[farhank]

Hi, can we change from Old regime to New regime before filing ITR? OR need to wait for next financial?

[rounyalshaheen]

Are we allowed to select old or new regime? Can we select or the DDOs will select by themselves?

Kindly reply

[Watchhbx]

Pls could you show how to calculate income tax for non salary holders and what will be the tax if we get income only through stocks, mutual funds

[nitintiwari]

Please suggest for income from salariy 21 lacs pa ..which slab is

[manojsaroj]

Leave travel allowance (LTA)kis section main aata hai

[vinvaste]

Deduction of Professional Tax u/s 16/2 is not considered in android application.

[manvikyadav]

Sir 5 year ki fd uco bank m 15 feb 2024 ko karva du to kya 80c m rebate 2023_2024 finicial year maan jayega ya iska benfit 2024 -2025 m.milega sir pz reply

[raj-ikcv]

New tax policy m nps ka deduction h kya

[mohankathait]

क्या अगले साल old रिज़ीम चूज कर सकते हैँ मैं एक बेतन भोगी कर्मचारी हूँ

[mudityadav]

new tax slab me deduction kaun sa hai kya usme nps deduction bhi hota hai

[TrueWordLov]

Old me 5% के बाद सीधा 20% tax इसको समझा दीजिए.. न्यू के सापेक्ष कितना differnt होगा??

[sandeepkujoor]

Sir ek doubt tha, Jo income tax hum monthly katwate hai, kya woh new tax slab ke antargat total payable tax Sai deduct ho jaata hai ?? Phir kya hum iss amount ko itr online file karte time claim kar sakte hai ???

[taporiwanted]

No marginal rebate is calculated upto income of 7.77 lacs...plz check

[TrueWordLov]

भाई फ्यूचर में दोनों स्लैब रहेंगे की नहीं???
और ये बताये कौन सा लेना चाहिए...
न्यू tax रेजिम का क्या फंडा फ्यूचर में...30% tax पर कितना tax बनानेगा? दोने स्लैब में दिखाइए??

[rajawasthi]

what will be better for me: 12lpa + 1 lakh joining bonus or 12.5 fixed + 50k joining bonus?

[balusubramanian]

Sir
One defence personal income tax returns

[Jit_Tech_World]

New Tax Regime me 10e relief mil sakta Hain?

[Skinnybearr]

Bhaiya..mera RD me tds cut gaya. Kya karoon me. I am salaried aur me apke videos shiddat se dekta hoon. Please tell How can i Get refund?

[OKHermit]

The deduction for 80C + 80 CCD should not be more than 1.5 lac combined so you used wrong numbers