Section 80EE Income Tax Deduction for Interest on Home Loan | Section 80EE allows for income tax credits on a percentage of a home loan that is used by any financial institution. You may request a deduction of up to Rs 50,000 per fiscal year in accordance with this section. You can continue to claim this deduction until you repay the loan […]
U/s 89 (1) Income Tax Exemption Calculator with Form 10E for F.Y 2022-23 (based on Budget 2022)
U/s 89 (1) Income Tax Exemption Calculator with Form 10E |How can income tax arrears be exempted from wage arrears from the previous tax year? If we really assume you might be nervous about the tax consequences of the equivalent. Would it be okay for me to have to pay taxes on the total taxable amount? Shouldn’t something be said about the previous year’s tax checks etc? For taxpayers […]
Tax Exemption on Interest U/s 80TTA | With Automatic Income Tax Form 16 for the F.Y.2021-22
Tax Exemption on Interest U/s 80TTA | We all have a tendency to check the amount of interest earned on savings accounts during the year, but do we know how this interest is calculated and the tax on interest on savings accounts that is due? In this article, we will try to give you an idea of […]
Section 80D Deductions|With Automatic Form 16 F.Y.2021-22
Section 80D – Health Insurance – Applicability, Deductions and Rules.| Medical emergencies always take us by surprise. It’s always better to be safe than sorry, and this is no exception when it comes to health insurance. Therefore, Most of the Indian population is not covered by health insurance and depends on their savings or loans for medical […]
Highlights of Budget 2022 | With Automatic Income Tax Form 16 + Arrears Relief U/S 89(1) + Automatic Income Tax Preparation software All in One in Excel for the F.Y.2021-22
Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24 after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction […]
PPF Investment | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with form 10 E for the F.Y.2021-22
PPF Investment | The public provident fund is one of these excellent schemes that you can consider as a long-term savings option. The special thing about this plan is that in addition to investing in it, you can invest as a Systematic Investment Plan (SIP). By the way, there have been many new ways to save and invest these days. […]
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 […]
Deductions U/s 10| With Automatic Income Tax Form 16 Part B for the F.Y.2021-22 as per Old and New Tax Regime
Deductions U/s 10|As per the Income Tax Act, 1961, each tax payers Indian citizen who’s Income above a certain limit of income is liable to pay tax. So, with each financial year falling, taxpayers look for ways to reduce their tax liability. In other words, you’re fired. To reduce the burden on taxpayers, to encourage them […]
Significant changes in income tax for the F.Y.2021-22| With Autofill Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2021-22
Significant changes in income tax which will be effective from 1st April 2021 The new financial year is going to start from 1st April The government has planned some major changes for this financial year (2021). In the 2021 budget, Therefore, Finance Minister Nirmala Sitharaman did not provide any relief to the middle class and paid the class in terms […]
Income tax deduction for salaried employees| With Automatic Income Tax Preparation Excel Based Software in Excel All in One for the Govt and Non-Govt Employees for F.Y.2021-22
Income tax deduction for salaried employees, When the overall taxpayers in the country are assessed, the salaried individuals make up a significant portion of it. And, their contribution to tax collection is considerable. With this in mind, the rules of the income tax deduction for salaried employees provide various opportunities for tax protection. With these discounts and deductions, you can […]
