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 […]
Five key elements of the 2022 Budget | With Automatic Income Tax Preparation Software All in One for the Non-Govt Employees for F.Y.2021-22 and Automatic Income Tax Master of Form 16 Part A&B and Part B for the F.Y.2021-22
Five key elements of the 2022 Budget | FM has made a number of other statements that have a direct impact on the general public and the payroll community, although it hasn’t made any statements to the Income Tax Department. New Delhi: Finance Minister Nirmala Sitharaman has not released any statement regarding the income tax department, which is eagerly […]
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 […]
Income Tax Deduction U/s 80 | Includes Automatic Income Tax Preparation Software all in one for Govt and Non-Govt Employees in Excel for F.Y.2021-22
Income Tax Deduction U/s 80 |Section 80 deduction for the fiscal year 2020-21, A.Y 2021-22 (with budget 2021 amendment) The Income Tax Department has made various deductions from taxable income under Chapter VI A deduction to encourage savings and investment among the taxpayers. As 80C is the most famous, there are other deductions that help […]
Income tax allowances as well as deductions of salaried persons| With Auto-fill Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22
Income tax allowances, as well as deductions of salaried persons | Salaried persons, constitute a major part of the overall taxpayers of the country and their contribution to tax collection is significant. Therefore, Income tax deduction provides many opportunities for tax saving for the salaried class. With these discounts and rebates and one can significantly reduce his taxes. […]
Tax benefits on home loans| With Automatic Salary Arrears Relief Calculator U/s 89(1) with Form 10 E from F.Y.2000-01 to F.Y.2021-22 (Up-to-date Version)
Tax benefits on home loans. Union Finance Minister Nirmala Sitharaman in her budget speech proposed to extend the deadline for getting additional concessions for repaying interest on home loans till March 31, 2022. This comes after the government extended the deadline to March 31, 2021, in the previous budget. While a housing loan can help you get a home […]
Income tax Section 80GG for House Rent Paid. With Automatic Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.21-22
For most employees, home rent allowance (HRA) as part of their salary income. However, some small and medium-sized companies can pay a single amount of money to employees without separation. For a hired employee, in order to claim deductions, HRA should be part of his salary income. However, the Income Tax Act 1961 provides for a deduction in respect of […]