Income Tax New Slab for the F.Y.2020-21

What is the importance of Income Tax Form 16? With Automated Income Tax Revised Form 16 for the F.Y.2020-21 as per the U|S 115 BAC

What is the importance of Income Tax Form 16? Understand the details about the topic form 16. In this article first, discuss what is form 16, then its components and its importance. First, what is form 16? Each year each and every employer issues Form 16 salary certificate. This is a certificate under Section 203 …

What is the importance of Income Tax Form 16? With Automated Income Tax Revised Form 16 for the F.Y.2020-21 as per the U|S 115 BAC Read More »

Income Tax New Slab for the F.Y.2020-21

Prepare at a time 100 Employees Revised Form 16 Part B for F|Y.2020-21 With New Tax Section 115 BAC

Download the Automated Income Tax Salary Certificate Form Revied16 Part B with new and old tax regime U/s 115 BAC which can prepare at a time 100 employees Revised Form 16 Part B for the Financial Year 2020|21 & Assessment Year 2021-2022. The main Feature of this Excel Utility:- 1) Automated Tax Calculating as per …

Prepare at a time 100 Employees Revised Form 16 Part B for F|Y.2020-21 With New Tax Section 115 BAC Read More »

Income Tax Section 80TTA

Income Tax Exemption U/s 80GG | With Automated Income Tax Preparation in Excel for the Govt and Non-Govt Employees for the F.Y.2020-21

Income Tax Exemption U/s 80GG | Under the section, 80 GG, which is for claiming rent paid | Now who can claim tax deduction under Section 80 GG, it is for people who do not get HRA in their salary | It includes professionals and business people who do not get salaries | As such, …

Income Tax Exemption U/s 80GG | With Automated Income Tax Preparation in Excel for the Govt and Non-Govt Employees for the F.Y.2020-21 Read More »

Income Tax New Slab for the F.Y.2020-21

EPF or PPF or VPF Accounts: Which one is better? With Automated Income Tax Preparation Excel Based All in One for the Govt & Non-Govt Employees for F.Y.2020-21

EPF vs PPF vs VPF: Employees’ Provident Fund (EPF) and Public Provident Fund (PPF) is viewed as one of the most preferred retirement funds arranged investment choices in India. EPF is a good investment as it gets opened once one gets utilized. EPF vs PPF vs VPF: Employees’ Provident Fund (EPF) and Public Provident Fund …

EPF or PPF or VPF Accounts: Which one is better? With Automated Income Tax Preparation Excel Based All in One for the Govt & Non-Govt Employees for F.Y.2020-21 Read More »

Revised form 16

Is Sec 87A Tax Rebate Accessible under New Tax Regime? With Automated Income Tax Revised Form 16 F.Y. 2020-21

Sec 87A Tax Rebate Accessible under New Tax Regime? According to the Finance Bill 2019, the threshold furthest reaches of tax rebate U/s 87A was reconsidered to Rs 12,500 for F.Y 2019-20. This tax rebate has been made relevant if a person’s (Resident People including Senior Residents) taxable income does not exceed or equivalent to …

Is Sec 87A Tax Rebate Accessible under New Tax Regime? With Automated Income Tax Revised Form 16 F.Y. 2020-21 Read More »

Income Tax Form 16 Part A

Is NPS deduction allowed under the New Tax Regime? With Automated income Tax Revised Form 16 for the F.Y.2020-21

It is most unique question, is NPS deduction can be allowed under the new tax regime? Let’s make out about this topic.  In the budget, 2020, you have to forego most of the deductions including public sector, 80C. But some deductions including employer contribution on account of NPS can still avail if you opt for …

Is NPS deduction allowed under the New Tax Regime? With Automated income Tax Revised Form 16 for the F.Y.2020-21 Read More »

Income Tax Section 80TTA

Income Tax Section 80C F.Y 2020-21 as per New Vs Old Tax Regime- with Auto Fill Income Tax Challan ITNS 280 in Excel

Income Tax Deductions Section 80C F.Y 2020-21 as per New Vs Old Tax Regime Planning of Tax is an indispensable part of a tax. Whether you are a salaried person, a professional or a businessman, with the right tax plan you can save a certain amount of tax. Indian Income Tax Act allows for some …

Income Tax Section 80C F.Y 2020-21 as per New Vs Old Tax Regime- with Auto Fill Income Tax Challan ITNS 280 in Excel Read More »

Income Tax Section 115 BAC

Tax Exemption of Health Insurance U/s 80 D F.Y 2020-21 With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21

Income Tax Exemption/Deduction Health Insurance U/s 80D for the F.Y 2020-21. NOTE:- AS PER THE INCOME TAX NEW SECTION 115 BAC, INTRODUCED IN BUDGET 2020 AS NEW AND OLD TAX REGIME, THIS SECTION 80D MEDICAL INSURANCE IS NOT ENTITLED TO THE NEW TAX REGIME BUT THIS SECTION CAN be AVAILED TO THE OLD TAX REGIME. …

Tax Exemption of Health Insurance U/s 80 D F.Y 2020-21 With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21 Read More »

Income Tax Form 16 Part A

Standard deduction Rs.50,000/- U/s 16(ia) – With Income Tax Preparation Software in Excel for the F.Y. 2020-21 as per U/s 115 BAC

The standard deduction U/s 16(1a) was reintroduced in the 2018 budget and amended in the 2019 budget, with the aim of replacing medical allowances and travel allowances for salaried employees. The standard deduction for salaried persons for 2012-2019 will take effect from 1st April 2019. It is allowed to deduct every penny for standard deduction …

Standard deduction Rs.50,000/- U/s 16(ia) – With Income Tax Preparation Software in Excel for the F.Y. 2020-21 as per U/s 115 BAC Read More »

Income Tax Section 115 BAC

Section 80EEA Exemption for interest on a home loan with Automated Income Tax Revised Form 16 for F.Y.2020-21

Section 80EEA has been introduced in the July Budget 2019 with the goal of “housing for all”. the Government increased the benefit for the financial year 2019-20. The main purpose of introducing the department is to provide affordable housing finance for every class of common people and to enable the home buyer to keep low …

Section 80EEA Exemption for interest on a home loan with Automated Income Tax Revised Form 16 for F.Y.2020-21 Read More »