Category: New Revised Form 16 Part B

Section 80EE Income Tax Deduction for Interest on Home Loan with Automatic Income Tax Form 16 Preparation Excel Based Utility for the F.Y.2021-22

 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 […]

Income Tax exemption to the disabled person Section 80U | With Auto Fill Income Tax Master of Form 16 for the F.Y.2021-22 as per Section 115 BAC

Income Tax exemption to the disabled person Section 80U is given tax deductions for Therefore,   those who have at least 40% disability under the law. There are several criteria for this and a specific  In other words, Set of procedures for claiming this deduction under section 80U. However, Section 80U deals with tax deductions for residents of India who are classified as disabled under government regulations. […]

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 […]

How to save tax | With Automated Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees for the F.Y.2021-22 with Old and New Tax Regime.

 The Income Tax Administration has provided taxpayers with various deductions and benefits that can  be deducted from taxable income in accordance with Section 80 of Chapter VIA to reduce the tax burden. In all of this, there are some deductions that you get through investing, but there are some deductions that you get without investing, but some deductions that you make […]

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 […]

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 […]

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