The CBDT ( Central Board of Direct Taxes) as of late gave a roundabout furnishing explanation regarding option under section 115BAC of the Income-tax Act, 1961 Section 115BAC: The recently embedded Section 115BAC of the Income-tax Act, 1961 gives that an individual, being an individual or from a unified family having income other than income […]
Automated Income Tax Calculator for the F.Y.2020-21 With Investments to save tax U / s 80C For the F.Y.2020-21
The tax season is here and I started getting emails and comments asking “best tax-saving investments”. Unfortunately, there is no direct answer to this. The best investments are different for different people and combine with their return expectations, risk-taking ability, personal situation and alignment with their financial goals in other matters. Download Automated Income Tax […]
Automated Income Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2020-21 with Tax Benefit on both HRA & Home Loan?
Would I be able to claim Tax Benefit for both HRA and Home Loan? – An inquiry which is frequently posed by numerous taxpayers. This is essentially in light of the fact that numerous businesses don’t permit both tax benefits together in specific circumstances. Tragically, this isn’t the best activity. Both HRA and Home Loan […]
What is the utility of Income Tax Salary Certificate Form 16? Download Automatic Income Tax Revised Form 16 Part B for F.Y. 2019-20
Form 16 is an Income Tax form issued under section 203 of the IT Act for Tax Deducted at Source from an employee’s salary. Form 16 contains a detailed record of every tax deducted from the salary of the employee by the employer. · Therefore,Form 16 contains all details about salary paid by the employer, […]
Investments Qualifying for deduction under section 80C as per budget 2019, With Automated 50 Employees Master of Form 16 Part B for F.Y. 2019-20
Investments Qualifying for deduction under section 80C Max Rs. 1.5 Lakh i. Provident Fund (PF) & Voluntary Provident Fund (VPF): ii. Public Provident Fund (PPF): iii. Life Insurance Premiums: iv. Equity Linked Savings Scheme (ELSS): v. Home Loan Principal Repayment: vi. Stamp Duty and Registration Charges for a home: vii. Sukanya Samriddhi Account : viii. […]