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 […]

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 […]

Download and Prepare at a time Tax Computed Sheet as per New and Old Tax Regime U/s 115BAC + Automated Arrears Relief Calculator U/s 89(1) with Form 10E + Automated Form 16 Part A and B and Part B + Individual Salary Structure + Individual Salary sheet with Tips for House Rent Allowance: A Tax-Saving Lifeline For Salaried Person

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

House Rent Allowance (HRA) is generally considered as a part of the salaried persons and is generally added in the salary structure to help the individual to save taxes. House rent allowance conclusion is given under section 10(13A) of the Personal Tax Act as per Rule 2A of the Annual Tax Rules. In the event […]