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 […]
Automated Income Tax Revised Form 16 Part A&B for the F.Y.2020-21 With Deductions under Chapter VI A of Income Tax Act
Chapter VI of the Income-tax Act contains various sub-sections of Article 70 which allow an assessor to claim exemption from total income. Section VI of the Income-tax Act contains various sub-sections of section 80 which allow an appraiser to claim exemption from gross total income as a result of various tax-saving investments, approved expenditures, grants, […]
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 […]
Download Automated Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt(Private) Employees for the F.Y.2020-21 and A.Y.2021-22 as per new Income Tax Section 115BAC ( New and Old Tax Regime) as per Budget 2020
Budget 2020, brings two tax systems, somehow benefit certain income taxpayers and pull additional taxes on certain taxpayers. The choice is yours from middle-class taxpayers. This Excel-based income tax calculator can be used to calculate income tax on income from salaries, pensions, gifts, fixed deposits, and bank interest and you will get the results according […]
Download Automated Income Tax Preparation Excel Based Software Revised Master of Form 16 for the F.Y.2020-21 With Income tax slab F.Y. 2020-21 and New introduce Tax Section 115BAC (New & Old Tax Regime)
Under the new tax rates as per the Budget 2020, there will be as given below:- 1) 10% tax required for incomes between 5 Lakh to 7.5 lakh per annum, 2) 15% for 7.5 Lakh to 10 lakh for every annum 3) 20% for 10 Lakh to 12.5 lakh per annum, 4) 25% tax for […]
New Income Tax Regime U/s 115BAC – Complete list of exemptions and deductions entitled for the F.Y.2020-21 With Automated Income Tax Preparation Excel Based Software All in One Govt and Non-Govt Employees for the F.Y.2020-21 & A.Y.2021—as per the new Section 115BAC and the Budget 2020
Did you know that under the new tax code, no discounts or rebates are allowed? Let’s take a look at the new tax system – follow the list of exemptions and exemptions in detail. Therefore, During 2020 budget, the finance minister introduced a new tax regime. New Income Tax Slab is given below In other […]
Can NPS Tax Benefits entitled in the F.Y.2020 –21? Sec.80CCD(1), 80CCD(2) and 80CCD(1B)? With Automated Income Tax Excel Based Master of Form 16 Part B for the F.Y.2020-21 as per new and Old Tax Regime U/s 115BAC for F.Y.2020-21
After Budget 2020, what are the NPS tax benefits under Sec-CCD (1), 60 CCD (2) and 60 CCD (1B) and especially if you have chosen a new tax discipline? Let’s understand the changes in detail. Therefore, You all know that the government introduced a new tax system during the 2020 budget. In other words, the […]
How to calculate income tax for F.Y 2020-21 U/s 115BAC As per the Budget 2020 ( Old and New Tax Regime) With Automated Income Tax Revised Form 16 for the F.Y.2020-21 and A.Y.2021-22
The new income tax discipline came into effect on April 1, 2020. It gives an individual the option to continue with existing tax duties (with tax rebates and exemptions) or to opt for the 70 new tax rebates and tax exemptions. For the convenience of salaried persons who have no business income, they have to […]
