How much Tax you should pay as per New Tax System U/s 115 BAC for the F.Y. 2020-21 With the Automated Income Tax Excel Based Software All in one for the F.Y.2020-21

Income Tax Form 16 Part B

All the taxpayers are known that the New Tax System introduced in Budget 2020  U/s 115 BAC For the F.Y.2020-21. In this The system you can choose your option as Old Tax Slab or New Tax Slab U/s 115 BAC.

Income Tax Home Loan Exemption U/s 24

In this regard you must know your Tax that you shall be paid to the Government for the Financial Year 2020-21 and Assessment Year 2021-22. As per Section 115 BAC you can choose your option as New or Old tax Regime. When you submit your Income Tax Details to your Employer or Deductor, you must mention your Option as New or Old Tax Regime. 

For some information to the taxpayers about the new section 115 BAC:-

1) If you choose New Tax Regime then you can not entitle any Income Tax Benefits as per Income Tax Act 1961 and also you can not get the Old Tax Slab as before the F.Y.2019-20. But You can get only one Tax Benefits for NPS (Pension Scheme) U/s 80CCD. Follow the below the New Income Tax Slab Rate Chart for the F.Y.2020-21 as New Tax Regime. 

Income Tax New Tax Slab for the F.Y.2020-21

 2) If you choose Old Tax Regime then you can get the all Income Tax Benefits as per the Income Tax Act 1961 and You can avail the Old Income Tax Slab Rate as per the F.Y.2019-20. You can get all the Income Tax Sections benefits if you choose the Old Tax Regime. Follow the below the New Income Tax Slab Rate Chart for the F.Y.2020-21 as New Tax Regime.

Income Tax Old Tax Regime

You can check your Income Tax Liability by the Unique & Most popular Excel Based Income Tax Software All in One where from you know your Total Tax Burden as New and Old Tax Regime ( As per your Option U/s 115 BAC) This Excel Based Income Tax Preparation The software can use both of Government Employee and Non-Government Employee.

This Unique Software All in One prepare at a time your

1) Income Tax Computed Sheet as per your Option New or Old Tax Regime

2) Individual Salary Structure as per Gov & Private Concern’s Salary Pattern

3) Individual Salary Sheet

4) Auto Calculate your House Rent Exemption Calculation U/s 10(13A)

5) Auto Calculate your Arrears Salary Received calculation U/s 89(1) from the F.Y.2000-01 to F.Y.2020-21 with auto-fill Form 10E

6) Auto prepare Income Tax Revised Form 16 Part A&B and Form 16 Part B.

7) Automatic Convert the Amount into the In-Words without any Excel Formula.

This Excel Based Software All in One can use any Government and Non-Government (Private Concerned) to Calculate their Employees. Don’t Hesitate for Download This Unique Excel Based Software.

Click to download the Unique and Most Popular Excel Based Software All in One for the F.Y.2020-21.

Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21
Income Tax Calculator for the F.Y.2020-21

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PRANAB BANNERJE

Author

About Author

Hi, Welcome to a leading Income Tax and Accounts Providing Web Site merataxplan.com, merataxplan.com Blog is owned and maintained by Pranab Bandyopadhyay. Basic Idea behind Income Tax & it’s to help people in achieving excellence for save tax. Data shows that even urban Indian taxpayers are less aware about Income Tax and importance of financial planning.

I thought to start a blog and write about Articles related to Income Tax, Income Tax News, Income Tax  planning, Income Tax Easy Excel Based Software and other financial Software in Excel like as Gratuity Calculator, Pension Calculator, Central and Various State Employees Accounts Software in Excel that interest me most, and which I feel will help others make better financial decisions about their money with Tax. I have sound knowledge about in MS Excel, MS Access, Visual Basic, C++, JAVA and much more knowledge on the Computer Applications.

If you are seeking professional advice tailored to your situation – I am sure there are  good certified financial professionals doing that but at merataxplan.com we just try to educate people about how to calculate Income Tax.

There are much more products for sale here but all are related to Income tax And Account Software, and merataxplan.com is not affiliated with any agents or brokers, so I can help you sell any Income Tax & Accounts Software in Excel etc.

The purpose of this blog is to spread Taxation s awareness and help people in achieving excellence for Save Tax. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Hope you find this site useful, in fulfilling your goal towards Income Tax.