Category: Income Tax Automated Form 16 Part B

Leave Travel Allowance [Sec. 10(5) AND RULE 2B] with Automated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for F.Y.2022-23

 Leave Travel Allowance [Sec. 10(5) AND RULE 2B] | LTA is compensation paid by an employer for  an employee’s domestic travel while on family or personal holiday. LTA waiver can be claimed when the employer grants LTA to the employees for leave to any place in India taken by the employee and their family. Such deductions are limited to the amount […]

Exemption from House for Rent U/s 10(13A)| With All in One Income Tax Preparation Software in Excel for Government and Non-Government Employees for F.Y.2022-23

 Exemption from House for Rent U/s10(13A)| Often, people have to move to another city to work. In  such cases, they may pay rent for their stay. Organizations often compensate employees for this cost by  paying them rent instead of their basic salary. This is usually part of the salary structure. However,  an HRA qualifies for income tax […]

Section 80 TTB deduction | With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

Section 80 TTB deduction | With Automated Income Tax Preparation Software in Excel for the Non- Govt Employees for the F.Y.2022-23 Section 80 TTB deduction | In Budget 2018, the new Section 80 TTB has been introduced into the Income Tax Act. The new section provides tax exemption to appraisers in place of the existing […]

Automatic Income Tax Preparation Excel-based All-in-one software for F.Y.2022-23 as per U/s 115 BAC

 Automatic Income Tax Preparation Excel-based All-in-one software for F.Y.2022-23 as per U/s 115  BAC Above all,  The financial project is finally here, we have been waiting for this for a long time. On the one hand, we expected some big steps to love the economy and at the same time, we expect a big reduction in the tax […]

Income Tax Preparation Software All in One in Excel for the West Bengal Government Employees for the F.Y.2022-23

Income Tax Preparation Software All in One in Excel| All the West Bengal Government Employees are well known that the Bengal Government has not  paid the D.A.till now from the financial year 2020-21 to on-words. The Govt employees get the  benefits only the Annual Increment in the month of July of each financial year. It is too […]

Save tax on Income for the A.Y.2023-24| With Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23

Save tax on Income for the A.Y.2023-24|For most people, paying income tax at the end of the tax year  is a difficult task. Much of the fuss revolves around scheduling insurance, rent, and other receipts in  such a way as to result in the lowest tax liability possible. Therefore, Income tax planning doesn’t have to be […]

Income Tax Deduction for persons with disabilities| With Automated Income Tax Preparation Software in Excel for the Non-Govt(Private) Employees for the F.Y.2022-23

Income Tax Deduction for persons with disabilities| Section 80U of the Income Tax Act of 1961 allows  persons with disabilities to claim tax credits. Any resident of India with a disability can claim tax  exemption of up to Rs 75,000 on their annual income. The Tax Regulation allows persons with  disabilities to enjoy tax benefits when filing an ITR. Therefore,  In […]

Deduction U/s 80D, 80DD and 80DDB | With Automated Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2022-23

Deduction U/s 80D, 80DD and 80DDB | Section 80D of the Information Technology Law provide for a  deduction of Rs 25,000 from the insurance premium paid for health insurance for self, spouse and  dependent children. Therefore, In other words, Section 80D of the Information Technology Law provides for a deduction of Rs 25,000 from the insurance premium paid […]

Home loan in case of joint ownership | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23

 Home loan in case of joint ownership: If the mortgage is taken out for the purpose of buying, building, renovating, renovating, or renovating, interest is allowed under section 24 of the Income Tax Act of 1961. However, if the property is owned by a co-owner, the Home Loan Interest deduction is allowed if the property is jointly owned […]

Check the calculation of income tax for employees | With Excel-based automatic income tax preparation software for Non-Government employees for fiscal years 2022-23

Find out about the calculation of income tax 2022-23 for employees. Know the income tax rules for  taxing all components of a CTC or gross salary. Similarly, The remuneration components mainly consist of: 1) Basic salary The base salary is always fully taxed. 2) Therefore, the Calculation of income tax – HRA If a taxpayer receives the […]

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