Income Tax 101 Salaried

Explore income tax for Indian salaried individuals! Navigate through income tax terms, decode Old vs. New Regime, explore 2023-24 slabs, and master declarations for stress-free filing!

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Episodes

E01: Income Tax Terms for Beginners

03 mins

This video briefly explains essential income tax terms for beginners which could facilitate a seamless tax-filing experience. Some of the terms discussed in...

E02: Old and New Tax Regime: A Comparison

03 mins

The Old and New Tax Regimes present distinct frameworks for taxation of income. Under the old regime, taxpayers benefit from various exemptions and exemption...

E03: Income Tax Slabs 2023-24

03 mins

The term income tax slab refers to income brackets dictating the amount of tax owed based on earnings. Introduced for equitable taxation, the slabs may...

E04: Declarations While Filing Income Tax

03 mins

Learn about essential tax declarations: disclose your total salary, encompassing basic pay, allowances, bonuses, and prerequisites...

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All

It is essential that you understand basics like gross total income, taxable income, deductions, tax rebate, etc. to navigate the tax process better.

The Old Regime offers deductions, whereas the New Regime has lower tax rates but limited deductions.

Declare income from all sources, investments, savings, deductions, loans, and any exempt incomes meticulously.

Utilise the deductions, invest in tax-saving instruments like PF, PPF, NPS, and consider exemptions like HRA, LTA, and medical reimbursements.

Evaluate your individual deductions, exemptions, and financial goals. The decision depends on your specific financial situation and tax-saving preferences.

Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2027) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)