All Individuals & HUF can prefer to pay tax as per new slab rates without availing exemptions & deductions for the fiscal year 2020-21 and Assessment Year 2021-22 as per the Budget 2020. Option has been given to all or any individuals/HUF to pay tax as per new slab rates (Optional tax regime) on total […]
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 […]
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 […]
Download Automated Excel Based Income Tax Deposit Challan 280 FY 2019-20 AY 2020-21
Excel Challan 280 FY 2019-20 AY 2020-21. Download Income Tax payment Challan No. ITNS 280 in Excel. This excel Challan 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income tax other than companies. Please note that Finance Act, 2013 w.e.f. 01/06/2013, had inserted […]
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.” […]
New Income Tax Regime – Structural Shift in Taxation under Income Tax Act as per the Budget 2020, Structural Shift in Taxation under Income Tax Act as per the Budget 2020 Where you Opt in Old or New?
Honorable Finance Minister (FM) Nirmala Sitaraman in her budget has introduced a new taxation regime under personal taxation. Instead of giving relief to all the Individual & HUF by increasing the tax slabs directly, Budget 2020 have proposed to introduce new section 115BAC in the Income Tax Act 1961 in which Individuals or HUF have […]
The Truth About Vitamin D, Zinc, and Other Coronavirus Rumors
[ad_1] What might work, what probably doesn’t, and what’s flat-out wrong Here’s a lot of misinformation and half-truths going around right now about the novel coronavirus. That’s understandable — the virus is very new and doctors and scientists are still learning about how the infection works and best ways to treat it. The news being […]
Free download Converter Amount to In Words in Excel
[ad_1] Free download Amount to in word Converter in Excel Tools Most of the Professionals mainly in Accounts related persons and who are working in computers mainly used in Excel, they have needed these Excel Tools, which can easily Convert the Amount to In Words automatically. This Excel Tolls mainly valuable for those, who are working […]