Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24 after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax […]
Section 24 exemption from House Building Loan Interest along with Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y. 2021-22 and Automatic Income Tax Master of Form 16 Part B for the F.Y.2021-22
Section 24 of the Income Tax Act deals with the interest an individual pays on a home or property loan. Section 24 of the Income Tax Act deals with the interest an individual pays on a home or property loan. The name of this particular section is ‘Domestic Property Income‘. The discounts available are the loan interest […]
Income Tax benefits from Medical Insurance U/s 80 D | With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees and Master of Form 16 Part B for the F.Y.2021-22
Income Tax benefits from Medical Insurance U/s 80 D | The Income Tax Act, 1961, allows personal income tax deduction by reducing the amount of tax payable. It is important to know the relevant sections to make the most of these deductions. Therefore, What is section 80D? In other words, Section 80D of the Income Tax […]
Five key elements of the 2022 Budget | With Automatic Income Tax Preparation Software All in One for the Non-Govt Employees for F.Y.2021-22 and Automatic Income Tax Master of Form 16 Part A&B and Part B for the F.Y.2021-22
Five key elements of the 2022 Budget | FM has made a number of other statements that have a direct impact on the general public and the payroll community, although it hasn’t made any statements to the Income Tax Department. New Delhi: Finance Minister Nirmala Sitharaman has not released any statement regarding the income tax department, which is eagerly […]
Highlights of Budget 2022 | With Automatic Income Tax Form 16 + Arrears Relief U/S 89(1) + Automatic Income Tax Preparation software All in One in Excel for the F.Y.2021-22
Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24 after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax […]
Budget 2022: Any changes to the Tax Threshold and Standard Deduction for Salaried Retirees in FY 2022-23? With Automatic Income Tax Preparation Software All in One in Excel for the F.Y.2021-22 as per new and old Tax Regime.
Budget 2022 did not provide for any change in the standard deduction amount available to employees and retirees. Therefore, This will effectively mean that salaried individuals and retirees (whose pension is taxed) In other words, However, Below the head salary) will continue to claim the same standard deduction amount in fiscal 2022-23 as they did in fiscal 2021-22. For […]
Deduction for house rent paid U/s 80GG. Automated Income Tax Form 16 with Part A and B and Part B for the financial year 2021-22
Deduction for house rent paid U/s 80GG, the deduction for rent paid under section 80GG. Therefore, Section 80GG rent payment deduction, deduction under section 80GG in relation to rent paid for some In other words, Sections in the income tax law that most people don’t pay much attention to as they are useful in Very few cases. Section […]
Exemption under section 87A | With Automatic Income Tax Form 16 Part A and B and Part B which can prepare at a time 50 Employees for F.Y.2021-22
Exemption under section 87A. What is an exemption as well as deduction under Section 87A and who are eligible for it? A person who is a resident of India and whose total income does not exceed Rs. 5.00.000 is entitled to claim an exemption under section 87A after deduction. Therefore, In other words, The exemption under section 87A is available […]
How to save tax | With Automated Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees for the F.Y.2021-22 with Old and New Tax Regime.
The Income Tax Administration has provided taxpayers with various deductions and benefits that can be deducted from taxable income in accordance with Section 80 of Chapter VIA to reduce the tax burden. In all of this, there are some deductions that you get through investing, but there are some deductions that you get without investing, but some deductions that you make […]
Section 80EEA Additional deduction of home loan interest payment | Prepare at a time 50 Employees Form 16 Part A&B and Part B for the F.Y.2021-22
 Section 80EEA of the Income Tax Act. Additional deduction of interest payment in connection with the home loan (related to section 80EE and section 24B of the Income Tax Act) Therefore, A new section 80EEA has been inserted by the government to allow for the deduction of interest from A.Y 2020-21 (F.Y 2019-20). In other words, Existing provisions of section […]