Category: Income Tax Section 80 U

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 […]

Arrears Salary Relief Calculator A.Y 2023-24 for claiming relief u/s 89(1) in Excel

 Arrears Salary Relief Calculator A.Y 2023-24 for claiming relief u/s 89(1) in Excel|A.Y 2023-24 (F.Y  2022-23) Calculator of arrears of pay for claiming deduction under section 89(1) of the Income Tax  Act 1961-Download Therefore, In accordance with Section 89(1) of the Income Tax Act, a reduction in income tax was granted in 1961 when an employee receives an […]

8 Useful Income Tax Deductions for F.Y. 2022-23| With Automated Income Tax Preparation Software All in One for the West Bengal Government Employees for the F.Y.2022-23

8 Useful Income Tax Deductions for F.Y. 2022-23| The Income Tax Act sets out several income tax  deductions that can be claimed when filing income tax returns. The total taxable income (after reducing  any income tax deductions that have been claimed) would be taxed at the individual’s income tax rates. Therefore, The Income Tax Department of India encourages […]

How to get max Home Loan Tax Benefit in 2022? With Automated Income Tax Preparation Software All in One in Excel for the Financial Year 2022-23

How to use Max Home Loan Tax Benefit in 2022? The maximum benefit of a home loan which can be claimed as a deduction as follows:- Section Exclusion allowed for 1. Section 24 Rs. 2,000,000 of interest 2. Section 80C Rs. 1,50,000 Special payment 3. Section 80EEA Rs. 1,50,000 Payment of Interest For example, as can be seen in […]

Is the tax due for one year more than Rs.10,000? You are responsible for paying taxes in advance

 Is the tax due for one year more than Rs.10,000? Where the tax payable by a person exceeds Rs 10,000 after deducting the original TDS it comes into  play. Challan280 has been cleared by the IT department for early payment of taxes. It can be paid  online using the link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp and click on  Challan no./ITNS 280 tab. Download the Automated […]

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 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 […]

Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23 with Section 80 CCD

 Income Tax Arrears Relief Calculator U/s 89(1) | Paying taxes is part of adult life. Any citizen, who  earns income above a certain threshold, whether through employment, a self-employed person or a  the businessman will be liable for tax. But the schemes were announced by the Government of India. Not  only does this help save taxes, but […]

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 […]

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