Which is better, the new or the old tax regime for salaried employees? Remember the new 2020 tax regime? If you missed it, now might be a good time to revisit it. The Union Budget 2023 re-introduced the new tax regime, making it superior to the existing one. Even if the old tax regime is in place, the incentives […]
Changes in the new tax regime: everything you need to know | Excel-based Income Tax preparation program for Non-Govt Employees (private) employees for F.Y.2023-24 and A.Y.2024-25
Changes in the new tax regime: everything you need to know | A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits. Who can choose the new tax […]
Old vs New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? With Auto calculate Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2022-23 and A.Y.2024-25
Old vs New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? In the Finance Bill, 2023 New Tax Regime has been introduced with some benefits compared to the previous New Tax Regime. The earlier New Tax regime was not so attractive but the latest amendment has made this new regime more attractive to change from the […]
Understanding Income Tax Arrears Relief Calculation U/s 89(1) with the Form 10E | With the automatic calculation of U/S 89(1) back tax exemption with Form 10E for the F.Y. 2023-24 and A.Y. 2024-25
Under Section 89(1) as per the Income Tax Act 1961: Understanding Income Tax Arrears Relief Calculation U/s 89(1) with Form 10E | Therefore, According to the Income Tax Law, a person must pay taxes on their income earned in a fiscal year. However, there may be cases where an employee has received back or anticipated wages from […]
Old vs. New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? With Auto Calculate Income Tax Preparation Software in Excel All in One for the Salaried Persons for the F.Y.2023-24 and A.Y.2024-25
Old vs. New Income Tax Regime Which Tax Regime is Better for the A.Y.2024-25? In the Finance Bill, 2023| New Tax Regime has been introduced with some benefits compared to the previous New Tax Regime. The earlier New Tax regime was not so attractive but the latest amendment has made this new regime more attractive to change from the old regime […]
Deductions in the new tax regime as per Union Budget 2023-24 with all-in-one automatic calculation income tax preparation software for Non-Government employees for F.Y.2023-24 and A.Y.2024-25
Deductions in the new tax regime as per Union Budget 2023-24 | The Union Budget 2023 scrapped around 70 deductions in the new tax regime for individual taxpayers. Exclusions include deductions up to Rs 1.5 lakh under Section 80 C and benefits on health insurance premiums U/ Section 80D. However, some deductions are only available to taxpayers under the new tax […]
You cannot claim tax reduction for these below-given deductions under the new regime for the financial year 2023-24| Download Auto Calculate Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2023-24 as per Budget 2023
You cannot claim tax reduction for these below-given deductions under the new regime for the financial year 2023-24| New tax regime vs. old tax regime: two people on the same salary may have different amounts of deductions, and therefore their tax regime may be different Choosing the right tax regime at the beginning of the financial year is crucial in considering tax […]
New tax regime: Update! Income tax provided excellent information on the TDS of employees. With Auto Calculate Income Tax tools in Excel as the all-in-one for the F.Y.2023-24 and A.Y.2024-25
New tax regime: Update! Income tax provided excellent information on the TDS of employees. Note that the new tax section is the default, so if you don’t want to choose the new tax section and want to keep the old one, you can choose the old tax section. Let’s find out all about it. What […]
All employees get a tax exemption of Rs 50 thousand U/s 16(ia) in any tax regime.| With Auto Calculate Income Tax Preparation Software in Excel All in One for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023
All employees get a tax exemption of Rs 50 thousand U/s 16(ia) in any tax regime.| If you are also a taxpayer, then this information will be very useful to you. As everyone knows, this time the government gave a big relief to the taxpayer in the budget. The government announced that those earning less than Rs 7 lakhs […]
Relief for taxpayers who marginally earn more than Rs 7 lakh as per Budget 2023 | With Auto Calculate Income Tax Preparation Software All in One for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25
Relief for taxpayers who marginally earn more than Rs 7 lakh as per Budget 2023| People earning income marginally above the maximum tax of Rs 7 is required to pay tax only on differential income. Providing relief to taxpayers opting for a new tax system, the government amended the Finance Bill 2023 and passed it in the Lok […]