How to Save Income Tax in India | 6 Tax Saving Options to Save Income Tax скачать в хорошем качестве

How to Save Income Tax in India | 6 Tax Saving Options to Save Income Tax

How to Save Income Tax in India | 6 Tax Saving Options other than 80C in Hindi to save income tax In this video by FinCalC TV, we will see how to save Income tax in India with various Tax Saving options that are very popular in India. These tax saving options will help you save income tax only when you use Old tax regime to calculate your income tax. No deductions will be allowed to be claimed in New Tax regime to save your income tax. We will also discuss tax saving options other than 80C such as section 80CCD1B, section 80D, section 24, section 10 and standard deduction. Overall, you DON’T have to pay any income tax on income up to Rs. 11 lacs in a financial year based on investments made in video and using tax rebate u/s 87A. Tax Saving Options Article: https://fincalc-blog.in/how-to-save-i... CHAPTERS: 00:00 Intro 02:10 Tax Saving option #1 - Section 80C 04:38 Download excel calculators 06:30 Tax Saving option #2 - Section 80CCCD1B 07:44 Tax Saving option #3 - Section 80D 09:00 Tax Saving option #4 - Section 24 10:04 Tax Saving option #5 - Standard Deduction 10:55 Tax Saving option #6 - Section 10 12:47 Can we claim both HRA and loan interest? 13:17 Tax Rebate u/s 87A 14:25 Download Income Tax Calculator 14:42 Conclusion Income Tax Calculation:    • How To Calculate Income Tax FY 2021-22 | N...   epf calculation:    • EPF Excel Calculator| Employee Provident F...   ppf calculation:    • PPF Excel Calculator | Public Provident Fu...   mutual fund calculation:    • Mutual Funds Returns Calculator| Lumpsum v...   fixed deposit calculation:    • FD Interest Calculation| Fixed Deposit Cal...   nps online investment:    • What is NPS How it Works? How to Invest in...   home loan calculator:    • Home Loan EMI Calculator Excel with Princi...   HRA exemption limit:    • HRA Exemption Excel Calculator for Salarie...   SECTION 80C: Maximum Limit in Financial Year: 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. SECTION 80CCD(1B) Maximum Limit in Financial Year: 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. SECTION 10 (13A) Maximum Limit in Financial Year: Depends on Basic Salary and HRA component. Section 10 (13A) includes HRA exemption deduction that helps in saving income tax. The HRA component you receive in your salary in each financial year is taxable, which can be claimed if you are staying on rent. SECTION 80D Maximum Limit in Financial Year: 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. SECTION 24 Maximum Limit in Financial Year: 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. STANDARD DEDUCTION Maximum limit: 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 above in this article. Tax Rebate 87A You get maximum tax rebate of Rs. 12,500 u/s 87a if you taxable income is below Rs. 5 Lacs in a financial year. This helps you pay ZERO income tax. Watch full video to know more. #SaveIncomeTax #TaxSavingOptions #IncomeTax #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 Instagram:   / fincalc_tv   ============================ MORE VIDEOS: SIP Excel Calculator:    • SIP Returns Excel Calculator| SIP vs Lump ...   Income Tax Calculator:    • How To Calculate Income Tax FY 2021-22 | N...   Loan EMI Calculator:    • Home Loan EMI Calculator Excel with Princi...   20 Years SIP Calculator:    • 20 Years SIP Returns Excel Calculator | Sy...   Loan EMI Prepayment Calculator:    • Home Loan EMI Prepayment | How to Save Hom...   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.