Category: Income Tax Calculator All in One for the Govt and Private Employees

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 […]

How do I file Form 10E for Tax Exemption? With Auto-fill Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23

How do I file Form 10E for Tax Exemption? How to Fill Out Form 10E – Steps to Fill Out Form 10E for Relief of  Tax Exemption – As a salaried individual, if you receive any payment in advance or in arrears, you may be required to pay tax on the full amount received. Protects you from […]

Income Tax Preparation Software in Excel All in One for the Non-Govt Employees for the F.Y.2022-23

Income Tax Preparation Software in Excel All in One for the Non-Govt Employees for the F.Y.2022-23 Income tax tables and rates remain unchanged in the fiscal year 2022-2023. No changes to the Budget for Individual Taxpayers for 2022 have been announced. Taxpayers will be able to pay taxes under the old or new tax regime. Under the new […]

What is the Professional Tax? With Autofill Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2022-23(Up-to-date Version)

 In many states in India, professional taxes apply to both employers and salaried employees. An entrepreneur can claim the professional tax thus paid as a deduction in the form of business expenses when calculating his taxable income. But the question on every salaried taxpayer’s mind is whether or not they are allowed to deduct occupational taxes. This article answers his question, […]

Interest deductions on Home loans – Section 24b | With Automated Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for F.Y.2022-23

 Interest deductions on home loans – Section 24b Introduction Section 24b of the Income Tax Act allows for deducting home loan interest from taxable income. The loan must be taken out for the purchase or construction or repair or rebuilding of homeownership. Therefore, This deduction is allowed on an accrual basis, not for remuneration. In other words, the […]

Section 80 TTA – Exemption for Savings Interest | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23(Updated Version)

Section 80 TTA – Exemption for Savings Interest | 80TTA Complete Guide: Definitions, Limits,  Eligibility, Exceptions for the Fiscal Year 2022-23 (A..Y 2023-24 Therefore, A savings bank account is like a digital piggy bank where interest is earned. Most people have savings bank accounts, but most of them are not aware of the taxation of accrued interest […]

Section 10 Income Tax Act | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E from the F.Y.2000-01 to F.Y.2022-23

 Section 10 Income Tax Act | Under the Income Tax Act, 1961, any citizen of India whose income exceeds a certain threshold is liable to pay taxes. Therefore, when collecting each fiscal year, taxpayers look for ways to minimize their tax liability. Therefore, To ease the burden on taxpayers by encouraging them to save, invest, and pay taxes, the law listed […]

Income tax deduction on chapter VIA for the F.Y.2022-23 | With Automated Income Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

Income tax deduction on chapter VIA for the F.Y.2022-23 | The income tax department, in order to  encourage savings and investment among taxpayers, has provided several deductions from taxable  income under Chapter VI A deductions. With the 80C being the most famous, there are other  deductions that are beneficial for taxpayers to reduce their tax liability. Let’s […]

Income Tax Section 16 – Standard Deduction, Entertainment Allowance With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for the F.Y.2022-23

Income Tax Section 16 of the Income Tax Act 1961 provides for a deduction from taxable income  under the wage line. Provides deductions for the standard deduction, entertainment allowance, and  labour tax. With this deduction, the taxpayer can reduce the taxable wage income that is subject to tax. Also, with the recent changes to the flat-rate deduction, the benefit […]

Deductions Income Tax Section 80 with Automated Income Tax Calculator All in One For the Govt and Non-Govt Employees for the F.Y.2022-23

 Deductions Income Tax Section 80 | Therefore, A tax deduction is a provision by which you can save the amount of tax payable to the government. These deductions are based on several factors and depend on the various investments and expenses made by the taxpayer during the year. These deductions are provided to encourage people to invest in various schemes […]

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