Senior Citizen Income Tax Calculation 2021-22| Excel Calculator EXAMPLES, New Tax Slabs & Tax Rebate скачать в хорошем качестве

Senior Citizen Income Tax Calculation 2021-22| Excel Calculator EXAMPLES, New Tax Slabs & Tax Rebate

Senior Citizen Income Tax Calculation 2021-22| Excel Calculator EXAMPLES, New Tax Slabs & Tax Rebate In this video by FinCalC TV we will see how to calculate income tax for FY 2021-22 for senior citizens between age 60 to 79 years. We will see various income tax calculation examples using Excel calculator, Income tax slab rates for FY 2021-22, Tax rebate limits, standard deduction for senior citizens, which one to choose old slabs or new slabs regime to calculate income tax and many examples. The link to excel is provided below for you to download. Income tax can be calculated just by providing 3 inputs - Income, Investments and TDS amounts. We will also see how you can save income tax by investing is various investment options. Senior Citizen Income Tax FY 2022-23 Video:    • Senior Citizen Income Tax Calculation 2022...   DOWNLOAD our FREE ANDROID APP "FinCalC": https://play.google.com/store/apps/de... ONLINE INCOME TAX CALCULATOR: https://fincalc-blog.in/income-tax-ca... DOWNLOAD INCOME TAX EXCEL CALCULATOR: https://fincalc-blog.in/senior-citize... TIMESTAMP: 00:00 Senior Citizen Income Tax Calculation 01:00 Income Tax Calculator App 01:22 Tax Rebate Eligibility & Limit 02:09 Standard Deduction for Senior Citizens 02:23 Income Tax Excel Calculator for Seniors 02:56 Income Tax Slab Rates for Seniors 04:05 Investment Options 05:33 Income Tax Calculation Example 1 09:13 Income Tax Calculation Example 2 10:15 How to save income tax with Investments 11:18 Income Tax Calculation Example 3 13:12 Income Tax Calculation Example 4 13:52 More Excel Calculator Videos 15:02 Conclusion & Excel file download link Save Income Tax:    • How to Save Income Tax on Salary | 5 TIPS ...   SCSS Excel Calculator Video:    • SCSS Excel Calculator| Senior Citizen Savi...   PPF Excel Calculator Video:    • PPF Excel Calculator EXPLAINED in 10 Minut...   After watching this video following queries will be solved: How to Calculate Income Tax for FY 2021-22 How to Calculate Income Tax for senior citizens Which Tax slab regime to choose in FY 2021-22 How to save Income Tax How to calculate income tax using EXCEL calculator NEW INCOME TAX SLAB RATES: No Income Tax on Income between Rs. 0 to Rs. 2.5 Lakhs 5% Tax on Income between Rs. 2.5 Lakhs to Rs. 5 Lakhs 10% Tax on Income between Rs. 5 Lakhs to Rs. 7.5 Lakhs 15% Tax on Income between Rs. 7.5 Lakhs to Rs. 10 Lakhs 20% Tax on Income between Rs. 10 Lakhs to Rs. 12.5 Lakhs 25% Tax on Income between Rs. 12.5 Lakhs to Rs. 15 Lakhs 30% Tax on Income above Rs. 15 Lakhs OLD INCOME TAX SLAB RATES: No Income Tax on Income between Rs. 0 to Rs. 3 Lakhs 5% Tax on Income between Rs. 3 Lakhs to Rs. 5 Lakhs 20% Tax on Income between Rs. 5 Lakhs to Rs. 10 Lakhs 30% Tax on Income above Rs. 10 Lakhs As you can see, the new tax slab rates are reduced tax slab rates. You have the option of choosing which tax slab rates you want to use to calculate your income tax. But there is a condition. If you are using new tax slab rates, you will not have the option of claiming deductions under various sections that would help you to reduce your total income tax. This means you cannot invest in tax saving options that will help you to save income tax, which can be still done by using Old tax slab rates, but with a little higher percentage of tax to be paid. Another important point to note is, If you are using old tax slab rates, your income up to rs. 3 lakhs will be exempted from income tax. Whereas, if you are using new tax slab rates, your income will be exempted from tax only up to rs. 2.5 lakhs. This shows that the new tax slab rates are same for all age groups irrespective of whether you are senior citizens or not. Another important point to note is, if your taxable income is below Rs. 5 Lakhs, you need not have to pay any Income Tax. This is possible because of Tax Rebate u/s 87A. #IncomeTax #SeniorCitizens #Examples #IncomeTaxCalculation #Excel #Calculator #FinCalCTV ============================= 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 ...   Loan EMI Calculator:    • Home Loan EMI Calculator Excel with Princi...   PPF Excel Calculator:    • PPF Excel Calculator EXPLAINED in 10 Minut...   Loan EMI Prepayment Calculator:    • Home Loan EMI Prepayment | How to Save Hom...   ========================================== The examples used are for Illustration purpose only. Comment in comments section if you have any queries. Thank you for watching :) DISCLAIMER: Examples 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.