Category: Corona-Virus

Budget 2020-21: New tax regime for taxpayers, lower rates for people foregoing exemptions With Automated Income Tax Preparation Excel Based Software All in One for Private Employees for the A.Y.2021-22 and F.Y.2020-21

The new tax changed has reduced the income tax rate for new slabs and individual slabs from separate income to Rs 2,000. If any taxpayer chooses the aforesaid exemption and deductions option, then Rs. 15 lakhs per annum. Finance Minister Nirmala on February 1 with the aim of reducing rates and simplifying the structure Sitharaman […]

Download Automated All in One TDS on Salary for Govt & Non-Govt Employees for F.Y. 2020-21 & A.Y. 2021-22 and Choose Which is the best option How to calculate income tax?

Process of Income tax calculation for the Salaried Persons for F.Y. 2020-21 As per Budget 2020 Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance. Some components of your salary are exempt from tax, such as telephone bills reimbursement, leave travel allowance. If […]

Have the Coronavirus (COVID-19) antibodies been discovered? What is the method for Prevention from Coronavirus

First, look where and when from spreading the Coronavirus through the Whole World:- Novel coronavirus (2019-n CoV, or COVID-19) epidemic first broke out in Wuhan and has been spreading in whole China and the World The numbers of new infections and deaths in Wuhan are still increasing, which have posed major public health and governance […]

New Income Tax Regime Vs Old Tax Regime: Which is better for you? With Automated Income Tax House Rent Exemption Calculator in Excel

Union Budget 2020 offers individuals the choice of paying tax under the new regime of lower income tax rates by forgoing the tax exemptions/deductions or continue to pay tax under the existing income tax laws by claiming the applicable exemptions and deductions. Essentially, the more exemptions an individual claims, the less likely he/she is to […]

Download Automated Excel Based Income Tax Arrears Relief Calculator with Form 10E from the F.Y. 2000-01 to F.Y.2020-21

Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89“. This article is all about “How to calculate income tax […]

Coronavirus: MP allowances, pensions slashed by 30% for a year, President, PM, governors to take salary cut

The Union Cabinet has approved an ordinance slashing the pension and allowances of members of the Parliament by 30 per cent for a year. The Union Cabinet has approved an ordinance slashing the pension and allowances of members of the Parliament by 30 per cent for a year, Union minister Prakash Javadekar said on Monday. […]

Download Automated Income Tax Calculator for the Financial Year 2020-2021 and Assessment Year 2021-22 on the basis of the Budget 2020 ( Optin as Old Tax Regime)

As we begin the new financial year, there was a demand for extension of FY 2019-20 to June 30, 2020, owing to the COVID – 19 outbreaks.  However, the Government has not announced any changes, which aptly reminds us of Sir Benjamin Franklin’s famous words, “Only two things are certain in life, death and taxes.” […]

Gratuity Limit Increased to Rs. 20 lakhs, With Gratuity Calculator with Gratuity Calculation Formula.

Now you can get higher gratuity without paying taxes. The Government is going to increase the limit for tax-free gratuity. The union cabinet has decided to increase the tax-free gratuity limit to Rs.20 lakhs. As of now, it is Rs.10 lakhs. Therefore, this decision would benefit the employees of the private sector and PSUs. The central […]

No extension of Financial Year clarifies Finance Minister of India

The Ministry of Finance issued a clarification that the Financial Year has not been extended. The clarification was issued to clear the confusion about the extension of the Financial Year caused after a notification was released by the Government of India about the amendments in the Indian Stamp Act. After the notification was released many […]

Amount to Word Converter in Excel

Most of the Professionals mainly in Accounts related persons and who are working in computers mainly used in Excel, Therefore, they have needed these Excel Tools, which can easily Convert the Amount to In Words automatically. In other words, this Excel Tolls mainly valuable for those, who are working in Accounts and where frequently need […]

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