Category: Income Tax HRA Exemption Calculator U/s 10(13A)

Download Auto Calculate and Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 with  Benefits to New Tax Regime U/s 115 BAC for the F.Y.2023-24 as per Budget 2023

Download Auto Calculate and Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 with  Benefits to New Tax Regime U/s 115 BAC for the F.Y.2023-24 as per Budget 2023 |The Finance Bill 2023, presented by Mr. FM on February 1, 2023, proposes changes in the area of Personal Taxation to make the new 115BAC personal […]

Section 87A allowed the New Tax Regime up to Rs.25000/- as per Budget 2023| With Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt(Private) Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023

Section 87A allowed the New Tax Regime up to Rs.25000/- whose taxable Income is not above 7  Lakh as per Budget2023| If your taxable income is less than Rs 5 lakh in tax year 2022-23 (accounting  year 2023-24),  Therefore, you may be eligible for a tax rebate under Section 87A of the Tax Act of Income of 1961. This reduction can […]

Income Tax benefits from Medical Insurance U/s 80 D | With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees and Master of Form 16 Part B for the F.Y.2021-22

 Income Tax benefits from Medical Insurance U/s 80 D | The Income Tax Act, 1961, allows personal  income tax deduction by reducing the amount of tax payable. It is important to know the relevant  sections to make the most of these deductions. Therefore, What is section 80D?  In other words, Section 80D of the Income Tax […]

What is the deduction under section 80TTA? With Automated Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2020-21

It is noted that this Exemption entitled to the taxpayers who are opt-in the Old Tax Regime U/s 115BAC Introduced in Budget 2020 The Unique Section 80TTA provides a deduction of Rs 10,000/- on the interest income from Savings Bank Interest Max Rs. Ten Thousand. This deduction is out there to a private and HUF. […]

Download Automated Income Tax Calculator All in One for the Bihar State Govt Employees for the F.Y.2020-21 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 the […]

Exemption Tax on Interest Received From Post Office/Savings Bank Account U/s 80TTA with Automated Income Tax Software All in One for the Govt & Non-Govt Employees for F.Y.2020-21 as per U/s 115BAC

In today’s situation, where we watched different cheats identified with banks, in such a circumstance numerous individuals and mainly senior residents are moving towards the post office to make sure about their no-nonsense cash. Despite the fact that the pace of interest is now and again somewhat less the security and trust with the post […]

Income Tax Exemptions F.Y 2020-21 – Under Old Tax Regime U/s 115 BAC, With Automated Income Tax Calculator All in One for the Non-Govt (Private) Employees for F.Y.2020-21

List of Individual Tax Deductions F.Y 2020-21 under Old system U/s 115 BAC Let us currently discuss the list of personal tax deductions F.Y 2020-21 under the old tax system. Allowances are accessible under the old tax system if you are opt-in as Old Tax Regime U/s 115 BAC. # House Lease Allowances (HRA) This […]

HIGHLIGHTS OF CHANGES IN INCOME TAX RULES FROM FY 2019-20 TO FY 20-21 AS PER NEW SECTION 115 BAC FOR THE F.Y.2020-21

Improved discretionary Individual tax system is presented with lower income tax rates for the persons who are prepared to forgo many tax refunds. 1. Standard Deduction U/s 16(ia) of Rs 50,000 took into account salaried persons/pensioners. ( Who are Opt-in Old Tax Regime only the can get these benefits) 2. Total derivation of Rs 1.5 […]

Income Tax Deductions List F.Y 2020-21 New Tax Regime U/s 115 BAC – With Automated Income Tax Software in Excel All in One for the W.B.Govt Employees for F.Y.2020-21

Tax planning is an important aspect of a financial plan. Whether you are a salaried individual, an expert or a businessman, you can spare taxes to a certain degree through appropriate tax planning. The Indian Income Tax act considers certain Tax Deductions/Tax Exceptions which can be professed to spare tax. You can take away tax […]

Keep in mind 5 thinks about the new income tax new and old tax regime U/s 115 BAC With the Auto Calculate Income Tax Preparation Excel Based Software All in One for the Government and Private Employees for the F.Y.2020-21 as per New and Old Tax Regime U/s 115 BAC for the F.Y.2020-21

1) Introduction of a new tax regime in Budget 2020 By now, you probably know the basics of the new income tax regime, but here is a quick recap for you. The new regime comes with reduced tax rates than the current one but without many deductions and exemptions. For instance, if you claim tax […]

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