Old Vs. New Tax Regime | Which is better? | Tax Slabs FY 2021-2022

Tax season is about to end and we are sure most of you would have filed your income tax returns. But one of the most important things we all miss out on during tax season is choosing the right tax regime for your ITR filings.

This video highlights the differences between old and new tax regimes and suggests which one should you choose based on your income levels. Do watch it till the end and let us know all your doubts in the comments section.

If you liked this explanatory video, share it with your friends and clear their doubts too!

0:00 : Introduction
0:31 : Old Vs. New Tax Regime
01:20 : New Tax Regime
02:10 : Changes in Tax Rate
03:29 : What's missing in New Tax Regime?
04:02 : Understand with an example
05:56 : Table : Tax liability in Old Vs New Tax Regime
08:03 : Why you should Inform your company about your tax regime?
08:19 : Don't miss if you own a business
08:40 : A step- by- step Guide : Old Vs. New Tax Regime
10:09 : Conclusion

#TaxFiling2022 #TaxRegime #Unfinance
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[akshatshah]

I'm filing with old regime today!

[DesiSense]

It is suicidal for people to opt new tax regime at the beginning of their career. Even if taxable income is between 5 to 7 L.
Only possible benefit of new regime if one has taxable salary more than 12 L and no benefit of home loan.

[ashishnaik]

New itr regime me gpf ka deduction milega ya nahi

[mnkksr]

How to claim house rent in old tax regime? And my other expenses are tuition fee of my kids... Which tax regime should i adopt?

[ravikiran-lwyw]

Can you please share the values for 25l bracket also?

[RAHULGUPTA-rcoe]

Very very useful again calma bro! Just one wuesy, in my old regime 80c basket, 1/3 of my 1.50l bracket is already filled with EPF deduction in my company...so precisely, I am getting only 1.1L bracket to do 80C investment not 1.5 Lac...Is this a normal thing or do I need to talk in my company?

[kalyan]

If an ordinary person, earns 5 lakhs p.a and his/ her monthly expenses are 30k, how he/she could do ??

[remyark]

Good video to understand which tax regime to opt for... Thank you

[ssingh]

The table is wrong for 20L new tax regime

[rohanumate]

2:02 bhai, now kama bro will pay 1 year of Zomato bill of Shanky bro 😂😂😂

[nadeemdanish]

I have question from your table of tax calculation

Last row showing tax calculation of 20lacs income bracket, and Tax liability as per New Regime is mentioned 1.5 lacs ??
How is it possible????

[nitinkumar-ezgp]

Please tell us some good platform for job searching! Thank you.

[amitgarnayak]

If this year I go for new tax regime, whether next year can I select old tax regime?

[mohitmanwani]

Amazing content as always.. going to file old tax regime
#unfinance #love #share #keepfinancing

[akarshtiwari]

For getting deduction under NTR how the amount is calculated? Can i keep it as 10% of ( basic+da)

[theunstoppable]

I m still confused ! My yearly income from business is 12 lakh & other interest income is 10 lakh ! Which will be better old or new tax regime ! I think new will be better as it will be allow to keep more cash in hand & invest as per ur requirement !

[moviesstudio]

Very nice and knowledgeable vide but i doesn't understand tax for business...means if i am a businessman and i chose old tax then every year i have to choose only old tax...
Please tell.
And thankyou for making knowledgeable video❤️❤️❤️

[SurajKala]

Really Loved The Video❤️
I Have A Question While Claiming Deductions While Filing ITR Do We Need To Provide Supporting Documents Regarding Particular Claims? And If Yes Then At Which Step?

[ashutoshpragya]

One question I have sir, can I file my ITR on my own?

[mohishjain]

Heyyy @unfinance @unfinance_lifestyle thanx for this video really helpful!! Can you please make a video on how to get deductions Or exemptions Properly? because we always Listen that we can get this deduction or that exemption in all CA’s Pr Finance people videos but how to actually claim that we don’t know!!