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 Format of Form 16 for A.Y. 2019-20 With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20
The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for both, […]
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 […]