Section 80TTA is a deduction available to an Individual and HUF to the maximum of Rs.10,000 /- on the interest income earned from: Saving bank account with a bank From a savings account with a co-operative society carrying on the business of banking From a savings account with a post office The Deduction is not […]
Income Tax Calculation FY 2020-21 – Which Tax Structure to Select? With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for F.Y.2020-21
How to do Income Tax Count for FY 2020-21? Which Tax Structure to Choose U/s 115 BAC? According to Financial plan 2020, you can’t claim any tax deduction or exception on the off chance that you intend to pick new tax structure. Along these lines, as an individual tax payer on the off chance that you choose […]
Employees need to inform employers about intention to opt for new tax regime, CBDT circular says
The new income tax regime announced in Budget, give an option to individuals and Hindu Unified Families (HUFs) to be taxed at lower rates on the off chance that they don’t profit determined exclusions and reasoning’s The income tax office on Monday said employees should advise their employers about their expectation to select the new optional tax […]
Income tax deduction U/s 80C With Automated Income Tax Revised Form 16 Part B for F.Y.2020-21 & A.Y.2021-22 as per Budget 2020( New Tax Regime and Old Tax Regime U/s 115BAC)
In chapter VIA of the income tax act, 1961, the most widely used option to save tax is section 80C. This section allows an individual and HUF to save tax by investing in or spend on certain specified avenues. The maximum limit up to which you can claim tax deduction under section 80C is Rs […]
Download Automated Income Tax Preparation Excel Based Software All in One for the Private Employees for the F.Y. 2020-21 And How to Choose your option-which Tax Regime Should You Opt For?
The Finance minister announced budget. New Budget introduced a list of reconciling to the Income-tax regime. The new and old tax rates are as follows:- NEW % OLD % Up to RS.2.5 lakhs No tax No tax RS. 2.5 – RS. 5 lakhs 5 5 RS. 5 – RS7.5 lakhs 10 20 RS 7.5 – 10 […]
Download and Prepare at a time Tax Computed Sheet as per New and Old Tax Regime U/s 115BAC + Automated Arrears Relief Calculator U/s 89(1) with Form 10E + Automated Form 16 Part A and B and Part B + Individual Salary Structure + Individual Salary sheet with Tips for House Rent Allowance: A Tax-Saving Lifeline For Salaried Person
House Rent Allowance (HRA) is generally considered as a part of the salaried persons and is generally added in the salary structure to help the individual to save taxes. House rent allowance conclusion is given under section 10(13A) of the Personal Tax Act as per Rule 2A of the Annual Tax Rules. In the event […]
Download Automated Income Tax Calculator All in One for the West Bengal Govt Employees for the F.Y.2020-21 and A.Y.2021-22 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 […]
Automated Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E For the F.Y.2020-21 ( Amended Version)
Did you get any development salary or arrears of salary? In the event that truly, you may be stressed over the tax ramifications of the equivalent. Do I need to pay taxes on the total amount? Shouldn’t something be said about the tax counts of the earlier year, etc? Taxpayers who have such inquiries in their […]
Download Automated Income Tax Calculator All in One for the West Bengal Govt Employees for the F.Y.2020-21 and A.Y.2021-22 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC
In the Budget2020 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 TaxRegime Excluding any Exemptions of Income Tax as the previous F.Y. […]
What is Section 115BAC? Calculate Your Income Tax Labiality As per the new section 115BAC for the F.Y.2020-21 with the Excel Based Tax Calculator All in One for the Govt & Non-Govt Employees for the F.Y.2020-21
Section115BAC is the newly inserted section in the Income Tax Act, 1961 that deals with the new income tax regime. This section and alternate tax regime was introduced in Union Budget 2020 and are applicable to individuals and Hindu Undivided Families (HUFs) only. A key feature of this new regime is that the income tax […]