Deduction under Chapter VI-A of the Income Tax Act: With Automated Income Tax Preparation Excel-based software for the Government and Non-Government Employees for the F.Y.2021-22 as per new and old tax regime.

Income Tax Deduction U/s 80CCD

Deduction under Chapter VI of the Income Tax Act. Do you have to pay income tax? Well, Therefore, if you earn more than INR 2,50,000 per financial year and are a resident of India, then you are eligible to pay tax.  Fortunately, tax laws in the country do not work that way. Although you are eligible to pay taxes, […]

Automatic Income Tax Preparation Software in Excel All in One for the F.Y.2021-22 for the Govt and Non-Govt Employees with details of Tax Section 80 GG

80GG

Automatic Income Tax Preparation Software in Excel All in One for the F.Y.2021-22.It is known that the House Rent Allowances is not treated as the salary income As per the Income Tax Act, For most employees, the house rent allowance (HRA) is part of their salary income. However, some small, and medium-sized companies can pay employees a single amount without any […]

Deduction under Chapter VI-A of the Income Tax Act: With Automated Income Tax Preparation Excel-based software for the Government and Non-Government Employees for the F.Y.2021-22 as per new and old tax regime.

Income Tax Arrears Relief Calculator U/s 89(1)

Deduction under Chapter VI of the Income Tax Act. Do you have to pay income tax? Well, Therefore, if you earn more than INR 2,50,000 per financial year and are a resident of India, then you are eligible to pay tax.  Fortunately, tax laws in the country do not work that way. Although you are eligible to pay taxes, […]

Auto-Fill Income Tax Preparation Software in Excel for the Govt and Non- Govt Employees for F.Y. 2021-22. With details of under section 10 for salaried employees

Tax Deductions

 Auto-Fill Income Tax Preparation Software in Excel for the Govt and Non- Govt Employees. In other words, Section 10 for salaried employees under the Income-tax Act includes various allowances ranging from house rent and travel allowance to research / academic allowance and uniform allowance. Therefore, salary employees receive a certain amount of money or other allowances in addition to their salary […]

What is the Interest Income is Exempt for Senior Citizens and Individuals in Income Tax? With Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2020-21 (Updated Version)

New Income Tax Section 115BAC

IntroductionThe Savings Bank Interest earns is the amount paid to an entity for lending its money or letting another entity use its funds. On a bigger scale, interest income is the amount earned by an investor’s money that he places in an investment or project. Such income is usually taxable, however, the Income Tax gives […]

Can NPS Tax Benefits entitled in the F.Y.2020 –21? Sec.80CCD(1), 80CCD(2) and 80CCD(1B)? With Automated Income Tax Excel Based Master of Form 16 Part B for the F.Y.2020-21 as per new and Old Tax Regime U/s 115BAC for F.Y.2020-21

Income Tax Form 16

After Budget 2020, what are the NPS tax benefits under Sec-CCD (1), 60 CCD (2) and 60 CCD (1B) and especially if you have chosen a new tax discipline? Let’s understand the changes in detail. Therefore, You all know that the government introduced a new tax system during the 2020 budget. In other words, the […]

Deduction for Medical Insurance Premium Under Section 80D With Automated Income Tax Calculator All in One TDS on Salary for Non-Govt Employees for F.Y. 2019-20 ( Including Old and New Tax Regime as per Budget 2020]

Tax Slab for A.Y.2021-22

Deduction for Medical Insurance Premium Under Section 80D. Section 80D gives deduction to an individual or a Hindu unified family towards medical insurance premium and preventive health registration or commitment to Focal Government Health Plan (CGHS) or any plan told by the Focal Government on the health of the assessee, his family, guardians or individuals […]

It is the first time of Income tax Act that you can Opt in Old Tax Slab and all Exemptions (Old Regime) Or New amended Tax Slab but without any exemptions ( New Regime) New Section 115BAC in the Act provide by the Budget 2020 for reduce the Tax Burden

Income Tax Return

Incentives to Individual and HUF.In line with options provided to domestic companies under the TLAA and proposed to be provided to resident co-operative societies under this Bill, it is also proposed to provide similar option to individual and HUF by insertion of section 115BAC in the Act, which provides the following:- (i) Therefore, On satisfaction […]