Introduction In the complex landscape of income taxation, one often comes across situations where they receive arrears or backdated payments. These scenarios can be perplexing, both in terms of understanding the tax implications and managing one’s finances. However, there’s a provision under Section 89(1) of the Income Tax Act that offers a sigh of relief […]
Old or new tax regime – What is useful for you as per Budget 2023 | With Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24
Old or new tax regime – What is useful for you as per Budget 2023 | Finance Minister Nirmala Sitharaman presented the last complete budget of the Modi government ahead of next year’s parliamentary elections, scheduled for April-May 2024. The cost of living has increased in recent years, which has increased inflationary pressures. The Union Budget 2023 can add more value to taxpayers […]
Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| With Auto Calculate Income Tax Preparation Software All in One in Excel for the A.Y.2024-25
Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| Are You perplexed about the intricacies of income tax deductions under Chapter VIA for the old tax regime? Fear not, as we delve into the details of this important topic, shedding light on its significance, eligibility criteria, and benefits. Therefore, In this comprehensive guide, we’ll […]
Download Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2023-24 and A.Y.2024-25
Download Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 Therefore, Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee’s wages or a disputed wage which is then issued by the employer. What are wage […]