Best Way to Save Tax I Revealed by Tax Expert

Join us for an insightful episode with Mohit who gives us the best way to save taxes.

Mohit shares his hacks about saving taxes, best way to structure your salary and everything a salaried employee can do to save taxes.
Understand which tax regime is better for you and make informed decisions based on tax savings.

Watch now, and don’t forget to like, comment, and subscribe for more expert insights!
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Timestamps:

00:00 - Episode Highlights

01:07 - Introduction

01:55 - Best Way to Structure your Salary?

04:21 - What are the deductions to avail?

05:26 - Should you stop EPF contribution?

07:21 - How to make the best use of home loan?

09:05 - How to save tax with capital gains?

12:17 - How are ESOPs taxed?

13:41 - Mohit’s 1st Tax Hack

15:40 - Which is better- Old Regime vs New Regime?

16:37 - Important Dates in the Year

18:05 - How to file taxes?

20:54 - Why is TDS cut?

22:04 - Mohit’s Tax 2nd Hack

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[mksidhu]

Stopping SIP and putting money in NPS would have been okay if your money stayed invested after you retired and you could have done something like SWP with it. In NPS, 40 percent of your final corpus has to be mandatorily used to buy an annuity, which is like giving your money to an insurance company, which the company will use to earn returns but you wont get any share of it. Even if u did FD with that 40 percent corpus, u would have at least beaten inflation. In annuity, your money is constantly depreciating in value, and you will struggle to pay your basic expenses in your last years, especially if you end up living longer. In india variable annuity option isn't there which offered u chance of beating inflation.

Channel should have clarified about this, instead of generating clickbait thumbail

[sudharshantys]

Government initially promoted Mutual funds and when people started investing in MFs they increased tax on capital gains, now they are promoting NPS in coming years when the contribution increases from all people, they will change the Tax policy on NPS gains too.. Good Strategy, it's like govt playing old method of hunting..

[religionofpeace]

Best way to save tax in india is to go to jail and not pay taxes. The govt will take care of your expenses in jail, while your wealth keeps compounding for the time you are in jail. Then come out and...repeat!!

[rajk]

This guys voice sounds like Farhan Akhtar

[hanumeshmr]

Thank you for the very informative discussion. My understanding regarding capital gain on real estate is that the indexation option is still available, not limited to pre-owned property from before 2001. This was rolled back after the June budget.

[andysinvestormind]

Catch for NPS. Its tier 1, 40% cannot be extracted in our life time and the biggest catch is the annuity is 5.5% return only on the locked 40% of Tier 1.

[duderocks]

In new tax regime, Home Loan for rented out property is exempted. Not covered in this video in Old regime vs New regime comparison.

[pankajrathi]

NPS the only catch is you need to wait till 60 and even after that you can’t withdraw the full amount.

[vinay]

Doesn’t the CNPS force you to take a percentage as an annuity? As I understand, you cannot take the whole amount as a corpus.
Annuity is basically an insurance policy and many people may want to have control over the corpus rather than take an annuity.

[girishpotti]

Awesome eye opener video 😊
But detailed video required in the topic
How to choose Corporate National Pension scheme over Employee Provident fund contribution.

How citizens choosing old tax regime can do this?

Why government cannot allow citizens to choose the % of income they want to save for future as their NPS contribution? Why only 10% or 14% ?

[velagasubbarao]

Very great both of you. Thanks for doing awareness videos

[nikhilabhyankar]

Can the employer simply deduct the 14% of basic from the CTC and put it as the employer contribution in corporate NPS? Or do they have to make a separate matching contribution from their account?
Is it employer contribution if it is deducted from the employee's salary?

[vaniv]

Hello Mam.. very informative and insightful video. But a small suggestion, with all due respect, when we talk about a few topics, taking a case study with a particular salary or example in detail would make the understanding simple for beginners or amateurs. People can relate their salary structure based on that.

[shankar]

Hi. Awesome insights.

I have been researching on home loan tax and couldn't find any answer. Can you help clarify this please?

The home is under construction and due for possession in next three years, while the EMI has already started. Can we then claim interest deduction from tax computation during this under construction period?

[ibanker]

For all this tax terrorism, what do we get in return? Poor...

[viswanathprabhaakaran]

i love liquidity and no lockin. people with too much money dont care about lock ins.

[ib]

You completely missed on freelancer/ consultant who work remotely for companies in India or companies outside India..

There is so much confusion about consultants some say u have to pay tax on 50% on total income lets assume one earns 12lakh, 15 lakh or 22 lakh, i am mentioning this as there is confusion regarding slab..

Can freelancers option for pension scheme..

[SARARAJA]

The corp nps returns is less than MF although the tax is more

[rochakoberoi]

Can an individual salaried, create HUF..?

[Curious.]

Tax is also deducted at source (TDS0 by banks when they pay you interest on Fixed Deposits, above certain limit. This guy also says "yes, yes, yes" 😅