Category: Income Tax Section 80 U

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 […]

Exemption on rent paid U / s 80GG| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23

 80GG is an exemption under chapter VI-A of the Income Tax Act of 1961. It was introduced to help  those individuals who do not receive any rental allowance but pay rent for their stay. Thus, a person  can claim a deduction from the rent paid, even if they do not receive a housing allowance. Therefore, A person […]

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 […]

Section 80 U – Disability Tax Deduction | Using the Automated U/s 89(1) Income Tax Arrears Exemption Calculator with Form 10 E for Financial Year 2022-23

 Section 80 U – Disability Tax Deduction | Check eligibility, discount amount, how to claim, documents,  and definitions, for the fiscal year 2022-23 The Income Tax Law has defined several qualifying deductions in Chapter VIA. Deductions help reduce tax liability, specific deductions for expenses can be understood as deductions, which the Government of India promotes by […]

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 […]

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 […]

Tax Saving Tips | With Universal Automated Income Tax Software in Excel for Government and Non-Governmental Employees for Tax Year 2022-23 with Form 10 E

Tax Saving Tips |  1. Sukanya Samridhi Yojana (SSY) Has become one of the most important tax-saving schemes is Sukanya Samriddhi Yojana. It was launched in 2015 by the Government of India as part of the Beti Bachao Beti Padhao campaign. This had a great impact on the general public. The scheme allows fixed-income investments, […]

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