Income tax saving tips and tax planning guide for 2024. New Tax Regime vs Old Tax Regime: Which is better from a tax-saving point of view for each salary bracket?

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Tax Saving Calculator – Old & New Regime:
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With an easy to use Tax Calculator, you can calculate income tax and increase tax savings in different salary brackets. We’ll cover deductions under Sections 80C and 80D, HRA exemptions, LTA claims, Section 24 deductions and a lot more.

0:00 Intro
0:36 Pay ₹0 Tax on Salary Income
01:19 Which Tax Regime is better?
03:20 How to get Maximum Deductions?
03:25 Tax Deductions in Old Regime
04:05 EPF
05:18 HRA
06:43 Children’s Education Allowance
07:04 LTA
07:39 Reimbursements
08:09 Standard Deduction
08:21 Deduction under Sec-24
09:55 Deductions under Sec-80C
14:07 Taxable Income
17:13 New Tax Slabs
17:52 Deductions in /New Regime
20:24 Important Tips


About the Video

The government has announced new income tax slab rates and a new tax regime has altered the calculation of income taxes. We all want to save in tax but most people don’t know about tax-saving investments, deductions and exemptions available to them. We either hire a tax expert for tax planning or do it ourselves.
Our detailed Excel calculations will help you understand how to make the most of various tax-saving options, including Section 80C deductions on investments, HRA exemptions, LTA claims, and Section 24 house property loss deductions. Learn how to leverage Section 80D benefits, explore the nuances of education loan tax exemptions under Section 80E, and gain insights on switching between the old and new tax regimes. Whether you're a salaried individual or a business owner, this video will equip you with the knowledge to make informed decisions that optimize your tax savings every financial year.
1. In this video, we’ll cover the following concepts:
2. New tax regime vs old tax regime.
3. Which tax regime is better for saving income tax?
4. Income Tax Saving Tips
5. How to maximize tax savings for salary income?
6. What are the tax saving options under the new tax regime?
7. Best tax saving options under old and new regimes?
8. What are the new tax slab rates?
9. Effective tax planning tips for 2024
10. How to plan taxes for salary income?
11. Is the new tax slab more beneficial?
12. How to save more tax on salary?
13. Tax planning guide for individuals.
14. Tax savings with joint home loan


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