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

New personal concessional tax regime – Is it a smart option? With Automated Income Tax Calculator All in One for the F.Y.2020-21 as per New and Old Tax Regime U/s 115BAC

The year 2020 has brought a totally new experience to the humankind and made us realized our true status against nature. All inventions and developments made by mankind are useless against nature and its power. Everyone in the world has suffered, directly or indirectly, due to COVID -19 pandemic. Due to Lockdown and interruption in […]

Income tax Arrears Relief Calculator U/s 89(1) From the F.Y.2000-01 to F.Y.2020-2021 With U/s 115BAC in the Budget 2020 With New Tax Regime or Old – What should you pick?

Introduce new Section 115BAC in 2020 budget In the 2020 budget, Finance Minister Nirmala Sitraman announced a new tax system to further reduce tariffs and tax rates. It has long been claimed by most taxpayers, but it took up the issue of removing all available exemptions and exemptions. To add to this confusion, the finance […]

Major Changes in Income Tax Rules FY 2020-21 (AY 2021-22) & FY 2019-20 Along with the Automated Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for the F.Y.2020-21 & A.Y.2021-22 With New and Old Tax Regime U/s 115BAC as per Budget 2020

The income Tax return has to be filed by each eligible candidate as per rules and regulations. The income tax rules for the new financial year 2020-21 have undergone some major changes. Since April 1, 2020, these changes are being followed. Income tax return has to be filed by each eligible candidate as per rules […]

Budget 2020-21: New tax regime for taxpayers, lower rates for people foregoing exemptions With Automated Income Tax Preparation Excel Based Software All in One for Private Employees for the A.Y.2021-22 and F.Y.2020-21

The new tax changed has reduced the income tax rate for new slabs and individual slabs from separate income to Rs 2,000. If any taxpayer chooses the aforesaid exemption and deductions option, then Rs. 15 lakhs per annum. Finance Minister Nirmala on February 1 with the aim of reducing rates and simplifying the structure Sitharaman […]

Download Auto Calculate Income Tax for the Govt and Non-Govt Employees for the F.Y 2020-21 and A.Y 2021-22 As per New Tax Section 115BAC ( New & Old Tax Regime)

The Finance Minister mentioned in his 2020 budget speech that he had simplified the income tax structure. Unfortunately, this is far from the truth. What has happened is that the budget has given you another option to calculate your taxes. More options mean more complexity. We have come up with an income tax calculator that incorporates both existing […]

Download Excel Based Income Tax Calculator All in One for Govt & Non-Govt (Private) Employees for the F.Y 2020-21 A.Y 2021-22 U/s 115BAC

The finance minister mentioned in his 2020 budget speech that he had simplified the income tax structure. Unfortunately, this is far from the truth. What has happened is that the budget has given you another option to calculate your taxes. More options mean more complexity. New Tax Regime U/s 115BAC We have come up with […]

Automated Income Tax Preparation Excel Based Software All in One for Non-Govt(Private) Employees for the F.Y.2020-21 With New Tax System New and Old Tax Regime U/s 115BAC as per Budget 2020

Planning for your income tax or calculating your income tax liabilities seems like a very difficult task to many of us. If you believe in this myth then surely the 2020 the budget of money will prove you wrong. As with the 2020 budget, to add salt to the injury, you need to not only manage your […]

Difference between new income tax regime with old tax regime , With Automated Income Tax Software All in One for Non-Govt (Private) Employees for F.Y.2020-21 and A.Y.2021-22 with New Section 115BAC as per Budget 2020

Budget 2020 has introduced a new income tax system for individual taxpayers. However, for the option of such discounted duty, the taxpayer will be required to deduct certain specific deductions. These include a standard rebate of Rs 50,000, a rebate of Rs 1.50 lakh under Section 80C and interest on the self-occupied property of Rs […]

CBDT clarifies process of opting concessional rates of tax, Sec 115BAC With Automated Income Tax All in One Govt & Non-Govt (Private) Employees for the F.Y.2020-21 Under Section 115 BAC ( New & Old Tax Regime as per Budget 2020)

CBDT clarifies process of opting concessional rates of tax, Sec 115BAC CBDT has issued Circular C1 of 2020 dated13.04.2020. It clarifies the process of exercising of option by a taxpayer with regard to deduction of tax at source if he/she opts for the concessional rates of tax as per section 115BAC. Employee to an intimate […]

How to calculate income tax benefits in a joint home? With Automated Income Tax Preparation Excel Based Software All in One for Non-Govt (Private) Employees for F.Y.2020-21 with New & Old Tax Regime as per Budget 2020

In the latest budget 2020, the finance minister announced that the limit on tax incentives on interest paid on borrowed funds for self-acquired houses would be increased. If it is in the case of joint ownership, the tax benefit is also doubled. According to the income tax rules, all the joint owners can avail the […]

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