When social media says you can earn 8.8% returns from the Post Office MIS + RD combo, it sounds like a golden ticket, doesn’t it? A safe, government-backed plan with such high returns seems irresistible. But is it truly possible, or is it another viral myth waiting to be busted? Let’s unpack this claim with […]
GST Cut Lifts Hopes, Yet Demand Remains Uneven Across the Retail Sector – What’s the Big Concern?
Introduction The Goods and Services Tax (GST) cut has sparked a wave of optimism across India’s retail industry. With festive sales on the rise and reduced GST rates for everyday items, many had hoped for a broad-based boom in consumption. Yet, the story isn’t entirely uniform. While some sectors like electronics and jewellery have benefited […]
GST Reforms for a New Generation 2025
The GST reforms introduced in September 2025 have completely redefined India’s taxation system, focusing on affordability, innovation, and youth empowerment. Indeed, these reforms represent a paradigm shift that aims to simplify taxes, reduce costs, and promote inclusive economic growth. Moreover, they align with India’s broader vision of fostering self-reliance, entrepreneurship, and equitable prosperity for all. […]
GST Return Filing to Get Easier! CBIC Plans Simpler Process and Monetary Threshold for Demand Notices
Good news is on the horizon for businesses and taxpayers in India. The Central Board of Indirect Taxes and Customs (CBIC) is working on a plan to make GST return filing simpler while also reducing unnecessary tax disputes. By introducing a monetary threshold for issuing demand notices, CBIC aims to bring relief to businesses that […]
Income Tax deduction for medical treatment U/s Section 80DDB With Automated Income Tax Preparation Software in Excel for the West Bengal Govt Employees for the F.Y.2020-21 ( New and Old Tax Regime U/s 115 BAC)
Who can Claim Deductions under Section 80DDB? Under Section 80DDB of the tax Act, 1961, taxpayers can claim a deduction for medical treatment of certain specified ailments for self or dependent. this sort of deduction is roofed in Chapter VIA of the tax Act, 1961. The citizen of India can claim deduction under this section. […]
Download Automated Income Tax Calculator All in One for the West Bengal Govt Employees for the F.Y.2020-21 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC
In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt-in the New Tax Regime Excluding any Exemptions of Income Tax as the […]
Download Income Tax Preparation Excel Based Software for the Govt and Non-Govt(Private) Employees for the F.Y.2020-21 as per the new Section 115 BAC ( Old & New Tax Regime)
Planning for your income tax or calculating your income tax liabilities seems to be a very daunting task for many of us. If you believed in this myth, surely the Finance Budget 2020 would prove you wrong. As per Finance Budget 2020, some taxpayers are benefited, not only you are required to manage your taxes […]
Income Tax Allowances and Deductions Allowed to Salaried Individuals With Automated Income Tax Preparation Excel Based Software All in One for the Govt & Private Employees for F.Y.2020-21 as per New and Old Tax Regime.
Salaried representatives form the major piece of the overall taxpayers in the nation and the commitment they make to the tax assortment is very significant. Annual tax deductions offer a gamut of chances for saving tax for the salaried class. With the assistance of these deductions and exclusions and, one could decrease his/her tax substantially. […]
Deduction U/s 16 with Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21
The income chargeable under the head “Salaries” is registered after making the following deductions under Section 16: 1. Standard Deduction; 2. Entertainment Allowance Deduction; and 3. Professional Tax. 1. Standard Deduction [Sec. 16(i)/(ia)] – • Standard deduction is Rs. 50,000; or • the Amount of Salary, Whichever is lower. 2. Entertainment Allowance [Sec. 16(ii)]- Entertainment […]
Income Tax Exemption U/s 80D + 80DD and 80DDB: Income Tax Deduction For Medical Insurance With Automated Income Tax All in One Value of Perquisite in Excel U/s 17(2)
The Section 80D contains grants a tax deduction on medical insurance charges and medical use. It is granted on the expenses paid for a medical insurance strategy for the taxpayer himself and/or a nearby family member. Section 80D of Income Tax offers a deduction over and above to the deductions under Section 80C of Income […]