Additional form to be filled if you are choosing the new tax regime with Automated Income Tax Software All in One for the Govt & Non-Govt(Private) Employees for the F.Y.2020-21

The Central Board of Direct Taxes (CBDT), via a notification dated October 1, 2020, has clarified that individuals selecting the…

Read More

How to Fix On Salary and New Tax Slabs U/s 115 BAC? Described of the Income Tax Department + Automated Tax Software All in One for Govt and Private Employees for the F.Y.2020-21

The new Income Tax slab has come into power in the nation from 1 April 2020. The new tax slab…

Read More

Deduction in respect of interest on deposits in savings account U/s 80TTA With Automated Income Tax Software All in One for the F.Y.2020-21

Section 80TTA is a deduction available to an Individual and HUF to the maximum of Rs.10,000 /- on the interest…

Read More

Rebate Under Section 87A FY 2020-2021 can get the tax benefits who are opt-in Old Tax Regime U/s 115 BAC With Automated Income Tax Software All in One for F.Y.2020-21

You are eligible to claim tax rebate under this provision if you meet the following conditions: You must be a…

Read More

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

Recent budget proposed a decreased pace of tax for the individuals and HUF’s under Section 115BAC. Under this Section, an…

Read More

Employees need to inform employers about intention to opt for new tax regime, CBDT circular says

The new income tax regime announced in Budget, give an option to individuals and Hindu Unified Families (HUFs) to be…

Read More

Income tax deduction U/s 80C With Automated Income Tax Revised Form 16 Part B for F.Y.2020-21 & A.Y.2021-22 as per Budget 2020( New Tax Regime and Old Tax Regime U/s 115BAC)

In chapter VIA of the income tax act, 1961, the most widely used option to save tax is section 80C.…

Read More

Difference between New Tax Regime and Old Tax Regime U/s 115 BAC for the F.Y.2020-21 With Automated Income Tax Revised Form 16 Part A and B for the F.Y.2020-21 and A.Y.2021-22

When a new tax regime was reported in Money Bill, 2020 people got inquisitive and began calling their specialists to…

Read More

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

From F.Y 2020-21, you can decide to pay income tax under an optional new tax regime. As per Income Tax…

Read More

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

In the midst of the progressing helpful and economic steps to address the effect of COVID-19, the government has also…

Read More