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The Ultimate Guide to Saving on Taxes| Save More Pay Less!

The Ultimate Guide to Saving on Taxes| Save More Pay Less! Shocking Tax Hack: Earn 12 lakh with Zero Tax! How to Pay Zero Tax in 2024 | Old Vs New Income Tax Regime 12 Lakh Salary, Zero Tax | Tax Saving Guide Income Tax Saving and Tax Planning Guide 2024 How to Save money on your salary? How to save tax on a salary above 10lakhs Are you tired of hefty tax deductions eating into your hard-earned salary? Discover the ultimate guide to minimizing tax liabilities and maximizing savings in this comprehensive video. Learn how to strategically restructure your salary using flexi benefit plans to unlock substantial tax exemptions and deductions. We compare the advantages of the old tax regime with the new one, providing a detailed analysis to help you make informed financial decisions. In this video, we delve into the fundamentals of tax exemption and deduction, empowering you with the knowledge to optimize your finances effectively. Through real-life examples showcased in spreadsheets, we demonstrate the tangible benefits of salary restructuring and flexi benefit plans. Whether you're a seasoned professional or just starting your career, our step-by-step guide will equip you with the tools to calculate your HRA and achieve a zero-tax status on an income of 12 lakhs. Join us as we navigate the complexities of the tax system and unveil practical strategies to enhance your financial well-being. Don't miss out on this invaluable opportunity to take control of your finances and secure a brighter future. Watch now and embark on your journey towards financial freedom! _______________________________________________________________________________________________ Timestamp 0:00 Introduction 2:30 tax exemption vs Deduction 4:10 Taxable income And net taxable income 4:58 old tax regime vs New tax regime 7:04 Salary Components 8:12 What is Flexi benefit Plan 11:03 Which tax regime would be better if your income is 12L/PA 13:57 HRA Calculation 15:56 Pay zero tax on salary of 12L PA 22:40 FAQs ON HRA Welcome to my YouTube channel Unbiased Moni. Where we discuss financial topics such as taxation, retirement planning, stock market investing, money management and investing ideas. Our goals is to provide our viewers with reliable up to date information in an easy to understand format. We're here to demystify the financial landscape, empower you with knowledge, and help you achieve your financial goals. Subscribe now and embark on a path to financial prosperity with our expert advice, tips, and engaging discussions." #TaxOptimization #SalaryRestructuring #FlexiBenefits #TaxExemption #TaxDeductions #OldTaxRegime #NewTaxRegime #FinancialPlanning #HRA #IncomeTaxCalculation #ZeroTaxIncome #PersonalFinance

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