Category: Income Tax Calculator

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 […]

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 […]

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 […]

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 […]

Standard deduction from salary and pensions| With Automated Income Tax Preparation Excel-Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

Standard deduction from salary and pensions| Accordingly, A standard deduction means a fixed deduction for people who receive wages or retirement income. It was introduced in the 2018 budget in lieu of exemptions from travel expenses and reimbursement of various medical expenses. In the 2021-22 tax year, the default deduction limit is Rs 50,000. In this guide, we’ll cover what […]

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 […]

Exemption from bank savings interest U/s 80TTA| With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

Section 80TTA of the Information Technology Act provides a tax deduction for interest income from  personal savings. To help you claim your Section 80TTA Income Tax Act deductions, we will discuss  your eligibility, threshold, inclusions, and exclusions in detail. What is a section 80TTA deduction? Section 80TTA deduction was established in 1961 and provides for a […]

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, […]

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