Rebate under section 87A of the Income Tax Act is a provision that helps taxpayers to reduce their tax liability. Therefore, This section is available to the person whose income does not exceed Rs. 5 Lakhs. Above all, The tax liability of a person becomes nil if he claims a rebate under section 87A. HOW TO CALCULATE TAX […]
Income Tax Deductions U/S 16 – Standard Deduction, Entertainment Allowance and Professional Tax along with All-State Govt and All Non-Govt Employees Income Tax Preparation Software All in One in Excel for the F.Y.2021-22
Income Tax Deduction U/s 16 of the Income-tax Act, 1961 Section 16 of the Income-tax Act, 1961 provides deduction from taxable income under the heading ‘Salary’. Therefore, It offers discounts for standard deductions, entertainment allowances and professional taxes. Through this deduction, a salaried taxpayer can reduce his taxable salary income applicable to tax. Furthermore, with […]
Income tax deduction under Sec 80 CCD (1B) Along with Automatic Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2021-22
Income tax deduction under Sec 80 CCD (1B). According to the rules and regulations of the Income Tax Act 1961, payment of income tax is mandatory for every citizen of India. But that doesn’t mean you have to pay tax on the income you make. In a given financial year. Therefore, there are several provisions under the Income Tax Act that […]
Download Auto-fill Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10 E for F.Y. 2021-22 and details of U/s 80TTA
Download Auto-fill Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10 E for F.Y. 2021-22 and details of U/s 80TTA What is Section 80TTA? Section 80TTA of the Income Tax Act provides a rebate for interest income. Discounts are available with some limitations and restrictions. In this article, we have covered everything related to claiming tax […]
Income Tax Planning Salaried Persons for F.Y.2021-22.With Automated Income Tax Preparation Software All in One in Excel for the Govt and Non-Govt Employees for F.Y.2021-22
Income Tax Planning Salaried Persons for F.Y.2021-22.No change in income tax slab or rate has been proposed. Also, no additional tax exemptions or exemptions were introduced. The standard deduction for U/s 16(ia) salaried and pensioners remains the same. Without any change in income tax slab and rate and basic exemption limit. An individual taxpayer will continue to pay taxes at the same […]
Download Auto-fill Income Tax Preparation Software All in One in Excel for the Govt and Private Employees for the F.Y.2021-22 with Section 80C – Deduction on Investment
Download Auto-fill Income Tax Preparation Software All in One in Excel for the Govt and Private Employees .Section 80C is the most preferred category of all income tax payers because it allows the taxpayer to reduce tax liability by making tax saving investments and collecting eligible expenses. This allows a maximum of Rs 1,50,000 per year to be […]
Download Auto-fill Income Tax Preparation Software All in One in Excel for the Govt and Private Employees for the F.Y.2021-22 with Section 80C – Deduction on Investment
Download Auto-fill Income Tax Preparation Software All in One in Excel for the Govt and Private Employees .Section 80C is the most preferred category of all income tax payers because it allows the taxpayer to reduce tax liability by making tax saving investments and collecting eligible expenses. This allows a maximum of Rs 1,50,000 per year to be […]
What is Section 80TTA? With Automatic Income Tax Preparation Software in excel All in One for the Andhra Pradesh, Bihar, Jharkhand and Assam State Employees for the F.Y.2021-22
What is Section 80TTA? Section 80TTA of the Income Tax Act gives a discount to interest income. Limits are accessible for certain constraints and limitations. Therefore, In this article, we have covered everything identified with guaranteeing tax exemption because of interest procured Tax exemption on interest income In other words, where a taxpayer’s total income remembers any […]
Auto-Fill Income Tax Preparation Software in Excel for the Govt and Non- Govt Employees for F.Y. 2021-22. With details of under section 10 for salaried employees
Auto-Fill Income Tax Preparation Software in Excel for the Govt and Non- Govt Employees. In other words, Section 10 for salaried employees under the Income-tax Act includes various allowances ranging from house rent and travel allowance to research / academic allowance and uniform allowance. Therefore, salary employees receive a certain amount of money or other allowances in addition to their salary […]
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. […]