Category: Income Tax Slab for F.Y. 2020-21

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 […]

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 Allowances and Deductions Allowed to Salaried Individuals With Automated Income Tax Preparation Excel Based Software All in One for the Govt & Private Employees for F.Y.2020-21 as per New and Old Tax Regime.

Salaried representatives form the major piece of the overall taxpayers in the nation and the commitment they make to the tax assortment is very significant. Annual tax deductions offer a gamut of chances for saving tax for the salaried class. With the assistance of these deductions and exclusions and, one could decrease his/her tax substantially. […]

Income Tax Exemption U/s 80D + 80DD and 80DDB: Income Tax Deduction For Medical Insurance With Automated Income Tax All in One Value of Perquisite in Excel U/s 17(2)

 The Section 80D contains grants a tax deduction on medical insurance charges and medical use. It is granted on the expenses paid for a medical insurance strategy for the taxpayer himself and/or a nearby family member. Section 80D of Income Tax offers a deduction over and above to the deductions under Section 80C of Income […]

Download Automated Income Tax Calculator All in One for the Govt and Private Employees for the F.Y.2020-21 and A.Y.2021-22 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC

In 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 previous […]

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 […]

Automated Income Tax Arrears Relief Calculator From the F.Y.2000-01 to F.Y.2020-21 (Updated) With Major Changes in Income Tax Rules FY 2020-21 (AY 2021-22) & FY 2019-20

As per the rules, every eligible candidate has to file an income tax return. 2020-21  The income tax rules for the new financial year have undergone some major changes. These changes are being followed from 1 April 2020.   As per the rules, every eligible candidate has to file an income tax return. Through the Union Budget, […]

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 […]

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