The CBDT has issued a notification approving the exemption of Section 115BAC for F.Y 20-21, including automated income tax preparation excel based software for private employees for F.Y.2020-21

Income Tax Deduction U/s 80CCD

CBDT has issued a notice for giving exclusion under section 115 BAC: CBDT has issued a notice No.G.S.R.415E dated.26.06.2020 (Download  Notification) for endorsement of certain exceptions under section 115 (14) of the Income-tax Act, 19 61 of. Appraisal of the license to any salaried individual who has picked the alternative under section 115 BAC (5) […]

How much Tax you should pay as per New Tax System U/s 115 BAC for the F.Y. 2020-21 Including the Automated Income Tax Excel Based Software All in one for the Govt & Non-Govt Employees for F.Y.2020-21 As per U/s 115 BAC

Income Tax Deduction U/s 80D

All the taxpayers are known that the New Tax System introduced in Budget 2020 U/s 115 BAC For the F.Y.2020-21. In this System, you can choose your option as Old Tax Slab or New Tax Slab U/s 115 BAC. In this regard, you must know your Tax that you shall be paid to the Government […]

Employees have to inform their employers must intimate to their Option about New Or Old Tax Regime U / s 115 BAC- with Automated Income Tax Arrears Relief Calculator U / s 89 (1) for the F.Y.2020-21

Income Tax Deduction U/s 80CCD

The CBDT states that the employee can change the option of tax structure while filing the income tax return and the amount of TDS payment will be adjusted accordingly in the CBDT prescribed Form 10-IE given below the Option Form 10-IE is given below. In the old Tax Slab, income up to Rs 2.5 lakh […]

Exemption Tax on Interest Received From Post Office/Savings Bank Account U/s 80TTA with Automated Income Tax Software All in One for the Govt & Non-Govt Employees for F.Y.2020-21 as per U/s 115BAC

New Tax Regime U/s 115BAC

In today’s situation, where we watched different cheats identified with banks, in such a circumstance numerous individuals and mainly senior residents are moving towards the post office to make sure about their no-nonsense cash. Despite the fact that the pace of interest is now and again somewhat less the security and trust with the post […]

Income Tax Saving Investments For Salaried Persons for Old Tax Regime U/s 115 BAC with Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for F.Y.2020-21

Income Tax Slab for the F.Y.2020-21

Many individuals who are accepting income under the head salary ask about the strategies which can legally help in saving tax on salaried individuals. Is not allowed to claim costs aside from those predetermined under the Income Tax Act. Therefore, they can just put resources into or claim certain costs which are discussed beneath in […]