Automatic Income Tax Preparation Excel-based All-in-one software for F.Y.2022-23 as per U/s 115 BAC Above all, The financial project is finally here, we have been waiting for this for a long time. On the one hand, we expected some big steps to love the economy and at the same time, we expect a big reduction in the tax […]
Leave Travel Allowance [Sec. 10(5) AND RULE 2B] with Automated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for F.Y.2022-23
Leave Travel Allowance [Sec. 10(5) AND RULE 2B] | LTA is compensation paid by an employer for an employee’s domestic travel while on family or personal holiday. LTA waiver can be claimed when the employer grants LTA to the employees for leave to any place in India taken by the employee and their family. Such deductions are limited to the amount […]
80EEA deduction for income tax on home loans| With Automated Income Tax preparation Software All in One in Excel for the Govt & Non-Govt Employees for the F.Y.2022-23
80EEA deduction for income tax on home loans| In India, the provision of 80EEA helps first-time home buyers with an additional relaxation facility at the Department of Income Tax. As per Section 80 of the EEA Income Tax Act, any first-time home buyer in India can get an additional tax deduction of up to Rs. […]
Section 80E deduction of study loan interest | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2022-23
Section 80E deduction of study loan interest | Section 80E gives you a tax deduction on an “interest item” charged on a loan taken out for the higher education of an individual valued. Educational credits earned for higher studies in India or abroad are both eligible for deduction under this section. Therefore, What is Section 80E of Income […]
80GG – deduction on house rent paid| With Automated Income Tax Preparation Software All in One in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23
80GG – deduction on rent paid | 80GG is a deduction under Chapter VI-A of the Income-tax Act, 1961. It was introduced to accommodate persons who do not receive housing assistance, but who pay rent for their accommodation. For example, a person can claim a rent deduction, even if they have not received a mortgage. Therefore, a person […]
Section 80U – Tax Exemption for Persons with Disabilities| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
Section 80U – Check Eligibility, Amount of Deduction, How to Claim, Documents, Definitions, For F.Y 2022-23 (A.Y 2023-24), Diagnosed Disease Section 80U Exclusion of Disability Section 80U of income tax is deductible for those who are unable to work. This section provides a lump sum exemption for a person with a disability based on the severity […]
Download Automated Income Tax Preparation Software in Excel. for the Non-Government (Private) Employees for the F.Y.2022-23
Download Automated Income Tax Preparation Software in Excel | Calculation of income tax for employees of a private company in 2022: The annual CTC of a person working in a private company consists of several components. These include LTA, HRA, pension fund contributions and tips, entertainment reimbursements, phone bills, transportation, books and periodicals, and more. While the […]
Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23 and A.Y.2023-24 with income tax benefits on joint home loan
What is a joint home loan? Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23| A home loan where there is more than one borrower is called a joint home loan. Two friends cannot be co-borrowers. In fact, banks sometimes refrain from lending to siblings unless they co-own the property. […]