Category: Income Tax deduction U/s 80C

Income Tax Preparation software in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23 with Refund of tax under Section 87A

Income Tax Preparation software in Excel with Discount u/s 87A was introduced by the Government of  India in the year 2013-14. 87A discount benefits your tax liability. Rebates under Section 87A can be  claimed if your taxable income does not exceed the predetermined limit for the relevant financial year. You can claim a maximum deduction of Rs 12,500 under […]

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 […]

Relaxation for retired employees under the Income Tax Act of 1961

RELAXATION  FOR RETIREMENT EMPLOYEES under the Income Tax Act of 1961 Higher basic exclusion limit Exemption from taxes on amounts received by way of gratuities reduced pensions and pension funds Greater dedication to health insurance premiums The highest interest deduction limit from Banks and Post Offices and much more. Exemption for retired employees under the […]

The five most important sections of income tax| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10-E from the F.Y.2000-01 to 2022-23

The five most important sections of income tax| Anyone who earns income in the state is responsible  for paying income tax. The Income Tax Law consists of different articles that deal separately with  various aspects of taxation in the country. In addition, this law also provides taxpayers with several  income tax deductions that they can claim when filing their Income Tax Returns (ITR). Once […]

Income Tax Deductions U/s 80 CCD (1B)| With Automatic Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for F.Y.2022-23

 Income Tax Deductions U/s 80 CCD (1B)| Payment of income tax is required for every Indian citizen  who has an income tax, in accordance with the rules and regulations of the Income Tax Act1961. But  this does not mean that you have to pay tax on all the income you earn. . in this financial year. There  are several provisions in […]

What is Form 16: Meaning of Part A and Part B with Autofill Income Tax Form 16 in Excel for the F.Y.2021-22

 What is Form 16 – Meaning of Part A and Part B | Form 16 is an indispensable certificate issued by  employers to their employees. Provides confirmation that the TDS has been deducted and filed with  government agencies on behalf of the employee. Provides a detailed report of the compensation paid to  the employee and the number of TDS deducted from […]

Income Tax exemption to the disabled person Section 80U | With Auto Fill Income Tax Master of Form 16 for the F.Y.2021-22 as per Section 115 BAC

Income Tax exemption to the disabled person Section 80U is given tax deductions for Therefore,   those who have at least 40% disability under the law. There are several criteria for this and a specific  In other words, Set of procedures for claiming this deduction under section 80U. However, Section 80U deals with tax deductions for residents of India who are classified as disabled under government regulations. […]

U/s 89 (1) Income Tax Exemption Calculator with Form 10E for F.Y 2022-23 (based on Budget 2022)

U/s 89 (1) Income Tax Exemption Calculator with Form 10E |How can income tax arrears be exempted from wage arrears from the previous tax year? If we really assume you might be nervous about the tax consequences of the equivalent. Would it be okay for me to have to pay taxes on the total taxable amount? Shouldn’t something be said about the previous year’s tax checks etc? For taxpayers […]

Income Tax Section 80CCD With Autofill Income Tax Form 16 for the F.Y.2021-22

Income Tax Section 80CCD | The government imposes mandatory fiscal taxes or fees on the income of  taxpayers, which is the source of government income for financing various government expenditures.  This fee or financial charge is known as a tax. There are two types of taxes. The tax levied on corporate  or individual income is a direct tax, while the tax levied […]

Standard Deduction U/s 16(ia) | With Automated Income Tax Form 16 Preparation Excel Based Software for the F.Y.2021-22

Standard Deduction U/s 16(ia) | Section 16 of the Income Tax Act 1961 provides for a  deduction from income charged to tax under the heading “salaries”. Provides deductions for  the standard deduction, leisure allowance, and occupational tax. Through this deduction, a  salaried taxpayer can reduce his or her taxable salary income. Moreover, with recent modifications to the standard deduction, the interest of this […]

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