Maximizing Tax Savings: Understanding the New Income Tax Regime and Tax saving guide in 2024

Small correction sec 80CCD(2) limit is not restricted to 50000. Please refer this video for 80CCD(2) for limit. youtube.com/live/3jqTPIbI428?feature=share For Free Chart join our Telegram Channel - t.me/fintaxpro The Union Budget for Financial Year 2024 brought significant changes to the income tax landscape, making the new tax regime the default option for many taxpayers. From revised tax slabs to extended rebates and new deductions, understanding these changes is crucial for optimizing tax savings. 📊 In this detailed video, we delve into the nuances of the new tax regime, exploring strategies to maximize savings while navigating the trade-offs of exemptions and deductions. 💡 Our comprehensive Excel calculations guide you through various tax-saving options, including Section 80C deductions, HRA exemptions, LTA claims, and Section 24 house property loss deductions. Whether you're a salaried individual or a business owner, this guide empowers you to make informed decisions for a tax-efficient financial year. 💰 Don't miss out on expert insights and practical tips to ensure you're making the most of your tax-saving opportunities! 🚀 👨🏻‍🎓Practical Courses- 👉🏻ITR, GST & TDS (Tax Combo) - fintaxpro.in/Combo 👉🏻Account Finalization - fintaxpro.in/Accounting 👉🏻ROC eFiling - fintaxpro.in/courses/roc/ 👉🏻Trademark e Filing Course - fintaxpro.in/TM 👉🏻Taxation for Share Market - fintaxpro.in/share 👉🏻GST Course - fintaxpro.in/GST 👉🏻ITR & TDS Course - fintaxpro.in/ITR 👉🏻Excel Course - fintaxpro.in/Excel 👉🏻Taxation for Online Sellers - fintaxpro.in/online 👉🏻Balance Sheet & PnL Finalization - fintaxpro.in/BstPnL 👉🏻All in one Combo Course - fintaxpro.in/All 📞7827521794 (For Course queries only) 📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, DSC, Project report, MSME Certificate and other related services call us at 9718097735 or 7827521794 📍Buy class 3 DSC with 2 years @1250 - imjo.in/tFcdAZ 📍Utilities 👉Buy GST computation imojo.in/jy67ZG 👉Buy TDS Calculator imojo.in/5Jv0gj 👉Buy amazon profit calculator imojo.in/1FkCqbs 👨🏻‍🎓For Magazine - fintaxpro.in/newsletter/ 📩[email protected] FinTaxPro Mobile App - bit.ly/3WJ63tX FinTaxPro Social Handles- linktr.ee/fintaxpro FinTaxPro Studio Gear - linktr.ee/fintaxpro_gear FinTaxPro Live -    / @fintaxprolive   Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public ©️Fintaxpro Advisory LLP #TaxSavings #IncomeTax #TaxPlanning #FY24Budget #TaxRegime #FinancialPlanning #TaxTips #TaxDeductions #TaxExemptions #Section80C #HRA #LTA #Section24 #FY24Update Tags: Tax Savings, Income Tax, Tax Planning, FY24 Budget, Tax Regime, Financial Planning, Tax Tips, Tax Deductions, Tax Exemptions, Section 80C, HRA, LTA, Section 24, FY24 Update, Union Budget, Tax Calculation, Tax Strategies, Taxpayer Education, Tax Efficiency, Personal Finance, Business Finance Video Timing 0:00 Intro to Topic 1:30 Default tax regime for AY 2024-25 1:40 How to opt in for old tax regime 3:02 Tax Rates in new tax regime for AY 2024-25 3:35 Surcharge in new tax regime for AY 2024-25 4:27 Pros of new tax regime 4:38 Standard deduction available in new ta regime 5:02 Rebate in new tax regime 5:33 Tax relief of 25000 in new tax regime 10:56 Concept of Marginal Relief in new tax regime 12:45 Family pension deduction in new tax regime 13:24 Deductions available in new tax regime 15:03 Cons of new tax regime 17:15 Deduction/Exemptions not available under new tax regime 21:01 Evaluate between old vs new tax regime 31:20

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