Income Tax Slabs | Income tax calculation 2020-21 | Old vs New
- 4 years ago
Income Tax Slabs | Income tax calculation 2020-21 | Old vs New
Budget 2020 | New Income Tax Rates | New Income tax slabs | Income tax calculation 2020-21.
In this video, we are going to discuss new tax rates proposed by the budget 2020. We will understand how these new tax rates which are optional and what is going to be the benefit if you avail of this option.
Old & New Income Tax Slabs & Tax Rates for FY 2020-21 are compared with calculation. In Union Budget 2020, new tax slabs are proposed with lower tax rates but all exemptions and deductions will be removed.
People will have option to choose between new tax structure without deductions or old tax structure with deductions like Section 80C investments, Loss from house property, HRA exemption etc.
In this video, we will see under each tax slab, how much deduction we need to claim to make the old tax slabs more attractive. We will also see what makes New Tax Slabs of FY 2020-21 more attractive.
#rahulsachan1010
For calculator please visit my blog and use the calculator by simply entering your annual income.
Link of the blog: https://rahulsachan1010.blogspot.com/2020/02/which-regime-beneficial-for-you.html
Related Video:
How to become Rich | 6 Simple steps to Get Rich | Easy Financial Plan:
https://youtu.be/P97evYEsMn4
Disclaimer:- This video is made for educational purpose only. Decisions may be taken at own risk and person speaking in video is not responsible for any decisions. "Opinions expressed are solely his own" and do not represent those of people, institutions or organisation that the owner may or may not be associated within professional or personal capacity.
Budget 2020 | New Income Tax Rates | New Income tax slabs | Income tax calculation 2020-21.
In this video, we are going to discuss new tax rates proposed by the budget 2020. We will understand how these new tax rates which are optional and what is going to be the benefit if you avail of this option.
Old & New Income Tax Slabs & Tax Rates for FY 2020-21 are compared with calculation. In Union Budget 2020, new tax slabs are proposed with lower tax rates but all exemptions and deductions will be removed.
People will have option to choose between new tax structure without deductions or old tax structure with deductions like Section 80C investments, Loss from house property, HRA exemption etc.
In this video, we will see under each tax slab, how much deduction we need to claim to make the old tax slabs more attractive. We will also see what makes New Tax Slabs of FY 2020-21 more attractive.
#rahulsachan1010
For calculator please visit my blog and use the calculator by simply entering your annual income.
Link of the blog: https://rahulsachan1010.blogspot.com/2020/02/which-regime-beneficial-for-you.html
Related Video:
How to become Rich | 6 Simple steps to Get Rich | Easy Financial Plan:
https://youtu.be/P97evYEsMn4
Disclaimer:- This video is made for educational purpose only. Decisions may be taken at own risk and person speaking in video is not responsible for any decisions. "Opinions expressed are solely his own" and do not represent those of people, institutions or organisation that the owner may or may not be associated within professional or personal capacity.