Скачать с ютуб How to Save Tax for Salary Above 5 lakhs | 6 Tax Saving Tips on Salary в хорошем качестве

How to Save Tax for Salary Above 5 lakhs | 6 Tax Saving Tips on Salary

How to Save Tax for Salary Above 5 lakhs | 6 Tax Saving Options for Salaried Employees In this video by FinCalC TV we will see how to save tax for salary above 5 lakhs using some investment options for salaried employees. You can also save tax for salary above 8 lakhs or 10 lakhs using all the deduction options mentioned in this video. These tax saving tips 2022 are applicable for FY 2022-23 and upcoming financial years as well, provided you select Old Tax Regime to calculate income tax. New Tax Regime does not allow these investment options to save income tax. File ITR (Income Tax Return) using Tax2win website: https://tax2win.in/income-tax-return-... Coupon code for 15% off on ITR filing: TV15OFF All Investment options here to read: https://fincalc-blog.in/how-to-save-i... HRA Exemption Calculation Video:    • HRA Calculation Formula on Salary Cha...   CHAPTERS: 00:00 How to Save Tax for Salary Intro 00:16 Tax Saving Tip #1 01:02 Tax Saving Tip #2 01:50 Claim HRA without staying on Rent 02:20 How to get Tax Refund? 03:12 File ITR to get Tax Refund 05:39 Tax Saving Tip #3 06:19 Tax Saving Tip #4 06:45 Tax Saving Tip #5 07:22 Tax Saving Tip #6 07:52 How to Save Tax for Salary 10 Lakhs 08:03 Can we claim HRA and Home Loan? All Deductions in Chapter VI Video:    • All Deductions in Section 80C, 80CCC,...   NPS Scheme Explained:    • NPS Scheme Explained | Income Tax Ben...   How to Invest in NPS online:    • What is NPS How it Works? How to Inve...   How to Pay Zero Income Tax:    • How to Pay ZERO Income Tax with Tax R...   Telegram Link: https://t.me/fincalc_tv 1. Standard Deduction - Rs. 50,000 This is a flat deduction available to only employees and pensioners. This deduction is applied on gross income to calculate taxable income apart from the other investment options mentioned below. 2. HRA (House Rent Allowance) - No Limit Section 10 (13A) includes HRA exemption deduction that helps in saving income tax. You can also claim HRA if you are not salaried and have a business using Section 80GG. Also, if you stay on rent, you can claim HRA by following some conditions mentioned in this video 3. Section 80C - Rs. 1,50,000 Section 80C is one of the popular sections to save Income Tax in India that includes various schemes such as Employee Provident Fund, Public Provident Fund, 5 Year Fixed Deposits, ELSS in Mutual Funds, home loan principal repayment, Life insurance premiums, etc. 4. Section 80D - Rs. 50,000 Section 80D includes medical insurance that you pay in a financial year. You can claim the medical insurance premiums paid to insure yourself, spouse, children and parents as deductions in old tax regime. The limits are based on age groups. If your age is below 60 years (non senior citizens) than you get maximum Rs. 25,000 as deduction and another Rs. 25,000 for your non senior citizens parents. In case of senior citizens, the maximum limit reaches to Rs. 1,00,000 (Rs. 50,000 for self, family and Rs. 50,000 for parents) 5. Section 80CCD(1B) - Rs. 50,000 Section 80CCD(1B) includes NPS which is National Pension Scheme as the scheme that offers additional Rs. 50,000 as maximum deduction under old tax regime. You can easily open NPS account online and start contributing towards your pension plan. 6. Section 24 - Rs. 2,00,000 Section 24 includes the home loan interest component paid by you in the financial year when you take a housing loan. The home loan principal repayment is covered in Section 80C whereas the home loan interest component is covered in this Section 24. #incometax #taxsavingtips #taxsaving #fincalc ============================ LIKE | SHARE | COMMENT | SUBSCRIBE Mujhe Social Media par FOLLOW kare: Facebook :   / fincalctv   Twitter :   / fincalctv   BLOG: https://fincalc-blog.in Telegram: https://t.me/fincalc_tv_channel Instagram:   / fincalc_tv   ============================ MORE VIDEOS: SIP Excel Calculator:    • SIP Returns Excel Calculator| SIP vs ...   Income Tax Calculator:    • How To Calculate Income Tax FY 2021-2...   Loan EMI Calculator:    • Home Loan EMI Calculator Excel with P...   Loan EMI Prepayment Calculator:    • Home Loan EMI Prepayment | How to Sav...   ALL EXCEL CALCULATORS VIDEOS:    • All EXCEL Calculators   ============================ DISCLAIMER: Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.