Which is better between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? Now is the time for many participants; Salaried individuals, in particular, have to choose between opting for the New Tax Regime or continuing with the Old Tax Regime. Through this article, the author wants to help them in their decision-making process. Therefore, There is […]
Tax Exemption in different sections of Income Tax for the F.Y.2023-24 for the Old Tax Regime with Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25
 Tax Exemption in different sections of Income Tax for the F.Y.2023-24 for the Old Tax Regime | A tax exemption is a benefit granted by the government to individuals or organizations to exempt some or all of their income from taxation. As per the Income Tax Act exemptions are provided under different sections in India. Including Sections 80C, 80D, 80E, 80G, and 80GG. These sections […]
Old vs New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? With Auto calculate Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2022-23 and A.Y.2024-25
Old vs New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? In the Finance Bill, 2023 New Tax Regime has been introduced with some benefits compared to the previous New Tax Regime. The earlier New Tax regime was not so attractive but the latest amendment has made this new regime more attractive to change from the […]
Old vs. New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? With Auto Calculate Income Tax Preparation Software in Excel All in One for the Salaried Persons for the F.Y.2023-24 and A.Y.2024-25
Old vs. New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? In the Finance Bill, 2023| New Tax Regime has been introduced with some benefits compared to the previous New Tax Regime. The earlier New Tax regime was not so attractive but the latest amendment has made this new regime more attractive to change from the old regime […]
Income tax rebate U/s 87A| With Automated Income Tax Preparation Software All in One in Excel for the Govt & Non-Govt Employees for the F.Y.2022-23
Income tax rebate U/s 87A | The Income Tax Act of 1961 allows for several types of tax credits so that taxpayers can reduce their taxable income and therefore their tax liability. Therefore, one such provision under the Income Tax Act is the tax credit permitted under section 87A of the Act. Let’s see what this discount is about – What […]
Download and prepare 50 or 100 employees at a time Form 16 Parts A and B or Part B for the Fiscal Year 2021-22
Download and prepare 50 or 100 employees at a time Form 16 Parts A and B or Part B for the Fiscal Year 2021-22 | In the Fiscal Year 2021-22, the location of CBDT Form 16 (Principal Lead Authority for Direct Taxes), which is “TDS Payment Authentication”, has been corrected. the unit is paid to and separated […]
What is Form 16 for Income Tax? With Auto Calculate Form 16 Part B for the F.Y.2021-22
What is Form 16 for Income Tax? Form 16 is nothing more than a certificate issued by your an organization providing information about the salary you received during the financial year and the amount of TDS withheld from your salary. In the event that the income from your annual salary exceeds the original withholding tax limit; then, […]
Income tax exemptions under head salary| With Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
Income tax exemptions under head salary | Income tax exemption below Rs.2.5 Lakh | Salary-Based Income Tax Exemption Individuals who choose to tax income under the new tax regime will not be able to take advantage of some of the popular exemptions under the Income Tax Act, 1961. For the new tax system U/s 115 […]
Section 80D – Health Insurance – Applicability, Discounts and Policies | With Automatic Income Tax Calculator for Government and Non-Government Employees Fiscal Year 2022-23 as per Budget 2022
Section 80D – Health Insurance – Applicability, Discounts and Policies | Medical emergencies always surprise us. It’s always better to be safe than sorry, and it’s no different from health insurance. Therefore, Most residents in India are not covered by health insurance and rely on their savings or loans in case of a medical emergency. In other words, A must […]
Income Tax Section 80GG | With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for F.Y.2021-22
Section 80GG of the Income Tax Act provides a deduction for renting a home under certain conditions . Some of these involve being a Hindu individual or undivided family (HUF), being self-employed or salaried, etc. Therefore, One of the most important tax deductions available to us is house rent. This is covered by section 80GG of the […]