Tax Exemptions and Deductions you will not get in new income tax regime U/s 115 BAC With Automated Master of Form 16 Part A and B for the F.Y.2020-21 and A.Y.2021-22

Deduction U/s 80C

Recent budget proposed a decreased pace of tax for the individuals and HUF’s under Section 115BAC. Under this Section, an alternative has been given to individuals and HUF to pay tax at lower rates, subject to satisfaction of certain conditions. One of the conditions is that individual settling on the diminished pace of tax won’t be qualified to […]

New Income Tax Section 115BAC for the F.Y.2020-21 Should you go for the New Or Old? With Automated Income Tax Preparation Excel Based Software for the Govt and Private Employees for the F.Y.2020-21 with New and Old Tax Regime U/s 115 BAC

Income Tax Form 10E

From F.Y 2020-21, you can decide to pay income tax under an optional new tax regime. As per Income Tax Section 115 BAC, the new tax regime is allowable for people and HUFs. Poor tax slab has no deductions or exclusions is the key element. Arrangements of the new tax regime are secured under section […]

Common Tax Benefits under Section 80C of Income Tax Act 1961 With Automated Income Tax Software All in One for the Non-Govt Employees for the F.Y.2020-21 as per New Section 115 BAC

New Tax Regime U/s 115BAC

Section 80C of Income Tax Act, 1961 discussions about findings of tax. The Section 80C straightforwardly lessens the taxable income due to the section 80C the tax obligation descends definitely. A large portion of the individual appreciates the products of section 80 C straightforwardly or by implication. The greatest refund of Tax is up to […]

Govt extends deadlines for filing tax returns for the F.Y.2019-20 up to 31st.December 2020, With Automated Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt(Private) Employees for F.Y.2020-21 with New and Old Tax Regime U/s 115BAC for F.Y.2020-21

CBDT PICTURE

In the midst of the progressing helpful and economic steps to address the effect of COVID-19, the government has also taken a a large number of measures to guarantee that individuals from various strolls of society doesn’t feel the touch of the lockdown forced because of the pandemic. The government isn’t just attempting to ‘level […]

Auto Income Tax Preparation Excel Based Software All in One for the West Bengal Government Employees for the F.Y.2020-21 With Exemption for Education Fees Paid U/s 80C – Eligibility

Income Tax Section 115BAC for the F.Y.2020-21

Deduction for Education Fees Paid u/s 80c. Section 80C of personal expense act permits deduction in respect of numerous payments and ventures made. Section 80C permits a deduction for payment of Instruction Fees paid for the Training of Children. Any person who has paid Training Fees for his Children are permitted to guarantee this deduction […]

Automated Income Tax Calculator All in One for the Non-Govt (Private) Employees for the F.Y.2020-21 With New Tax Regime Under Section 115BAC introduced in Union Budget 2020

New-Tax-Slab-for-A.Y.2021-22

New tax regime under Section 115BAC The Finance Minister Smt. Nirmala Sitharaman has introduced her second Budget on first February, 2020. A new optional individual tax conspire has been proposed to vide a recently embedded section i.e., 115BAC for the Individuals and HUF.   From the evaluation the year 2021-22 (FY 2020-21), individual and HUF taxpayers […]