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INCOME TAX CALCULATION UNDER OLD AND NEW TAX REGIMES FOR F.Y.2020-21 WITH AUTOMATED EXCEL BASED INCOME TAX SOFTWARE ALL IN ONE FOR GOVT & NON-GOVT EMPLOYEES FOR F.Y.2020-21 AS PER THE BUDGET 2020

Income Tax Form 10E

On 13th April 2020, the Central Board of Direct Taxes (CBDT) issued a circular to employers to obtain a declaration from their employees if they wish to opt for the new tax regime. For better understanding, to know the calculation procedure under Old and New tax regimes, and to take …

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Download and Prepare at a time your Income Tax Computed Sheet + Automated H.R.A. Calculation U/s 10(13A) + Automated Income Tax Form 16 Part A&B in Revised Format + Automated Revised Form 16 Part B + Automated Income Tax Form 12 BA for the F.Y. 2020-21 In Excel All in One for only Non-Govt Employees for F.Y. 2020-21 With Old & New Tax Regime as per Budget 2020

Income Tax

How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? As per budget 2020, you cannot claim any tax deduction or exemption if you plan to opt new tax structure. So, as an individual tax payer if you opt for the new tax regime with reduce …

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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

Income Tax

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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Tax Benefit on Home Loan: Section 24, 80EEA & 80C With Automated Excel Based Income Tax Revised Form 16 Part B for F.Y. 2019-20

Income Tax Revised Form 16 Part B

The repayment of Home Loan comprises of 2 components i.e. Repayment of Principal and Repayment of Interest. As the repayment comprises of 2 different components , the tax benefit on home loan is governed by different sections of the Income Tax Act and these are claimed as tax deductions under …

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Major tax Amendments to the Salaried Persons for F.Y. 2020-21 And New Provisions of Finance Act 2020 With Automated Excel Based all in One TDS on Salary for Govt & Non-Govt Employees for F.Y.2020-21 (Old Regime and New Regime)

Web Site Cleartaxindia.com

All Individuals & HUF can prefer to pay tax as per new slab rates without availing exemptions & deductions for the fiscal year 2020-21 and Assessment Year 2021-22 as per the Budget 2020. Option has been given to all or any individuals/HUF to pay tax as per new slab rates …

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DOWNLOAD AUTOMATED INCOME TAX 89(1) ARREARS RELIEF CALCULATOR WITH FORM 10E FROM THE F.Y.2000-01 TO FY 2020-21

Income Tax Form 10E

If you have received arrears of salary/pension in the Financial year 2020-21 related to the previous year(s) then your tax liability will be on the higher side due to arrears but do you know that you can bifurcate your income from arrears in respective years on notional basis and can avail relief u/s 89(1) of Income-tax …

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Download Automated All in One TDS on Salary for Govt & Non-Govt Employees for F.Y. 2020-21 & A.Y. 2021-22 and Choose Which is the best option How to calculate income tax?

Income Tax Form 10e

Process of Income tax calculation for the Salaried Persons for F.Y. 2020-21 As per Budget 2020 Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance. Some components of your salary are exempt from tax, such as telephone bills …

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Have the Coronavirus (COVID-19) antibodies been discovered? What is the method for Prevention from Coronavirus

Coronavirus

First, look where and when from spreading the Coronavirus through the Whole World:- Novel coronavirus (2019-n CoV, or COVID-19) epidemic first broke out in Wuhan and has been spreading in whole China and the World The numbers of new infections and deaths in Wuhan are still increasing, which have posed …

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New Income Tax Regime Vs Old Tax Regime: Which is better for you? With Automated Income Tax House Rent Exemption Calculator in Excel

Coronavirus

Union Budget 2020 offers individuals the choice of paying tax under the new regime of lower income tax rates by forgoing the tax exemptions/deductions or continue to pay tax under the existing income tax laws by claiming the applicable exemptions and deductions. Essentially, the more exemptions an individual claims, the …

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Download Automated Excel Based Income Tax Arrears Relief Calculator with Form 10E from the F.Y. 2000-01 to F.Y.2020-21

Coronavirus

Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89“. This article is all about …

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