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Income Tax Slab for F.Y. 2020-21 as per Budget 2020

Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U With Automated Income Tax Revised Form 16 Part A&B and Part B with Form 12 BA for F.Y.2019-20

The Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a differently abled person. Sections 80DD and 80U of the Income Tax Act deals with the medical expenditure incurred for this purpose. Though the …

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Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019

google-site-verification: googlecf757d27cbdf8063.html Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019 – itaxsoftware.net As per the West Bengal Finance Department has changed the Pension Form Single Comprehensive Form in a new modified format vide Notification …

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CBDT modifies Income tax Form 16 Part B With Automated Income Tax Revised Form 16 for F.Y. 2019-20

The Central Board of Direct Taxes (CBDT) have introduced a new Format for Form 16 and Form 24Q, which are referred as salary TDS certificate. From the looks of the new Forms it can be said that, claims under various sections have been enhanced and cumulative. Also,  new columns and …

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Convert Numbers to Words/Text in Excel WITHOUT pasting macros again! – INWORD Excel Addin

This has been long overdue and I am happy that an Excel add-in that helps convert numbers to words or text is finally here. Just install this add-in and you can easily convert numbers to words in several popular currencies using relevant type of function INWORD. Unlike a painful process …

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Income Tax Department has revised Form 16 With Automated Income Tax Excel Based Form 16 Part B and Part A&B in Revised Format for F.Y. 2019-20

The amended form will come into effect from May 12, 2019. In other words,This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16 However,The Income Tax department has revised Form 16 by adding various details, including income from …

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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

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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Claiming tax relief on salary arrears? Don’t forget to file Form 10E With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E in Excel from the F.Y. 2000-01 to F.Y. 2019-20

Receiving salary or pension in arrears might change your tax situation. You may fear it’s going to move you up a tax slab. Or tax rates may be higher in the year arrears are received as compared to the year to which they belong. To protect you from any additional …

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Prepare One by One Preparation Automated Income Tax Form 16 Part B and Part A&B For F.Y.2019-20

Income Tax Revised Form 16 Part B

The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May  2019. This Format is more explore the employee’s Salary Details.  Download And Prepare One by One  Automated Income Tax Form 16 Part B and Part A&B (Modified Format) …

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Instant PAN through Aadhaar Card – How to apply for instant PAN?

Income Tax

Income Tax haslaunched the facility of issuing Instant PAN card through Aadhaar. Thisfacility is free and available on the Income Tax e-filing website. It is acompletely paperless process with the issuance of e-PAN card nearly real-time.The e-PAN card issue via this method holds similar value as a physical PANcard. This …

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Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1)

Income Tax Form 10e

Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, …

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