Salary exemption under Section 16 of the Income-tax Act, 1961 Section 16 of the Income Tax Act, 1961 deals with allowances and deductions on taxable wages. Under Article 16, salaried taxpayers and pensioners*, regardless of their tax status, can claim deductions from their taxable income. However, The section For instance, consists of three components – standard deduction under […]
Changes in the new tax regime: everything you need to know | Excel-based Income Tax preparation program for Non-Govt Employees (private) employees for F.Y.2023-24 and A.Y.2024-25
Changes in the new tax regime: everything you need to know | A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits. Who can choose the new tax […]
Download form 16 for 50 employees part B, for the financial year 2022-23, and prepare it at once
Download Form 16 for 50 employees Part B, for the financial year 2022-23 and prepare it at the same time. This Excel utility can readily prepare Employee Form 50 16 Part B in the revised format for Fiscal Year 2022-23 and Assessment Year 2023-24 Download and Prepare at a time 50 Employees Automatic Income Tax Form 16 Part B […]
U/s 89(1) Form 10E Income Tax Arrears Relief Calculator for Tax Year 2022-23
U/s 89 (1) Income Tax Arrear Relief Calculator | Therefore, What happens if you get paid late? If that’s really the case, you may be concerned about the tax consequences of that. Is it necessary to pay taxes on the total tax base? In other words, Shouldn’t something be said about last year’s tax checks and the like? […]
LTA – Tax benefits| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2022-23
LTA – Tax benefits| Leave Travel Allowance is one of the best tax-saving tools available to an employee. It’s a tax exemption that employers offer their employees. Therefore, Leave Travel Allowance, as the name suggests, is an allowance paid by an employer to an employee when the primary travel with the family or on their own. The amount paid as […]
Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23 and A.Y.2023-24 with income tax benefits on joint home loan
What is a joint home loan? Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23| A home loan where there is more than one borrower is called a joint home loan. Two friends cannot be co-borrowers. In fact, banks sometimes refrain from lending to siblings unless they co-own the property. […]
All-in-one Excel Income Tax Preparation Software for Tax Year 2022-23
The article contains a program for automatic adjustment of income tax in Excel. This Excel utility can prepare times for Govt and Private employees in various formats for the tax year 2022-23 (tax year 22-23), i.e. income tax estimate for the year 2023-24. Income tax calculation software is useful for employees in the government and private sector. […]
Save tax on Income for the A.Y.2023-24| With Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23
Save tax on Income for the A.Y.2023-24|For most people, paying income tax at the end of the tax year is a difficult task. Much of the fuss revolves around scheduling insurance, rent, and other receipts in such a way as to result in the lowest tax liability possible. Therefore, Income tax planning doesn’t have to be […]
How do I file Form 10E for Tax Exemption? With Auto-fill Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
How do I file Form 10E for Tax Exemption? How to Fill Out Form 10E – Steps to Fill Out Form 10E for Relief of Tax Exemption – As a salaried individual, if you receive any payment in advance or in arrears, you may be required to pay tax on the full amount received. Protects you from […]
Interest deduction u/s 80TTB with Income Tax Calculator All in One fo the Non-Govt Employees F.Y 2022-23
Interest deduction u/s 80TTB | Old age is usually accompanied by many questions and problems. Health is one of the main factors. Dealing with health issues while managing finances can be a little tricky. The government has recently taken steps to make life easier for the elderly. Therefore, The 2018 budget includes several very important measures that will benefit older […]