Employees have to inform their employers must intimate to their Option about New Or Old Tax Regime U / s 115 BAC- with Automated Income Tax Arrears Relief Calculator U / s 89 (1) for the F.Y.2020-21

Income Tax Deduction U/s 80CCD

The CBDT states that the employee can change the option of tax structure while filing the income tax return and the amount of TDS payment will be adjusted accordingly in the CBDT prescribed Form 10-IE given below the Option Form 10-IE is given below. In the old Tax Slab, income up to Rs 2.5 lakh […]

New System for Income Tax in Budget 2020 – If you Opt in Old Tax Regime U/s 115 BAC for F.Y.2020-21 you can get Top 6 Tax Saving For Salaried People With Tax Software All in One for F.Y.2020-21

Deduction U/s 80C

In Budget 2020 has introduced a New Tax System New and Old Tax Regime U/s 115 BAC and also allow the taxpayers to opt-in whether they can get the New Tax Regime or Old Tax Regime U/s 115 BAC for the F.Y.2020-21. Those who willing to opt-in the Old Tax Regime they can get the benefits of Tax Sections […]

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 […]