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Budget 2020-21: New tax regime for taxpayers, lower rates for people foregoing exemptions With Automated Income Tax Preparation Excel Based Software All in One for Private Employees for the A.Y.2021-22 and F.Y.2020-21

Deduction U/s 80C

The new tax changed has reduced the income tax rate for new slabs and individual slabs from separate income to Rs 2,000. If any taxpayer chooses the aforesaid exemption and deductions option, then Rs. 15 lakhs per annum. Finance Minister Nirmala on February 1 with the aim of reducing rates …

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Difference between new income tax regime with old tax regime , With Automated Income Tax Software All in One for Non-Govt (Private) Employees for F.Y.2020-21 and A.Y.2021-22 with New Section 115BAC as per Budget 2020

Income Tax Form 10E

Budget 2020 has introduced a new income tax system for individual taxpayers. However, for the option of such discounted duty, the taxpayer will be required to deduct certain specific deductions. These include a standard rebate of Rs 50,000, a rebate of Rs 1.50 lakh under Section 80C and interest on …

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New Format of Form 16 for A.Y. 2019-20 With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20

Income Tax

The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up …

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Download Automated All in One TDS on Salary for Govt & Non-Govt Employees for F.Y. 2020-21 & A.Y. 2021-22 and Choose Which is the best option How to calculate income tax?

Income Tax Form 10e

Process of Income tax calculation for the Salaried Persons for F.Y. 2020-21 As per Budget 2020 Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance. Some components of your salary are exempt from tax, such as telephone bills …

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Have the Coronavirus (COVID-19) antibodies been discovered? What is the method for Prevention from Coronavirus

Coronavirus

First, look where and when from spreading the Coronavirus through the Whole World:- Novel coronavirus (2019-n CoV, or COVID-19) epidemic first broke out in Wuhan and has been spreading in whole China and the World The numbers of new infections and deaths in Wuhan are still increasing, which have posed …

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New Income Tax Regime Vs Old Tax Regime: Which is better for you? With Automated Income Tax House Rent Exemption Calculator in Excel

Coronavirus

Union Budget 2020 offers individuals the choice of paying tax under the new regime of lower income tax rates by forgoing the tax exemptions/deductions or continue to pay tax under the existing income tax laws by claiming the applicable exemptions and deductions. Essentially, the more exemptions an individual claims, the …

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Download Automated Excel Based Income Tax Arrears Relief Calculator with Form 10E from the F.Y. 2000-01 to F.Y.2020-21

Coronavirus

Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89“. This article is all about …

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Coronavirus: MP allowances, pensions slashed by 30% for a year, President, PM, governors to take salary cut

Prevent from Coronavirus

The Union Cabinet has approved an ordinance slashing the pension and allowances of members of the Parliament by 30 per cent for a year. The Union Cabinet has approved an ordinance slashing the pension and allowances of members of the Parliament by 30 per cent for a year, Union minister …

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Download Automated Income Tax Calculator for the Financial Year 2020-2021 and Assessment Year 2021-22 on the basis of the Budget 2020 ( Optin as Old Tax Regime)

Pan Card

As we begin the new financial year, there was a demand for extension of FY 2019-20 to June 30, 2020, owing to the COVID – 19 outbreaks.  However, the Government has not announced any changes, which aptly reminds us of Sir Benjamin Franklin’s famous words, “Only two things are certain …

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