Significant changes in income tax for the F.Y.2021-22| With Autofill Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2021-22

Significant changes in income tax which will be effective from 1st April 2021 The new financial year is going to start from 1st April The government has planned some major changes for this financial year  (2021). In the 2021 budget, Therefore, Finance Minister Nirmala Sitharaman did not provide any relief to the middle class and paid the class in terms […]

Chapter VIA, With Auto Calculate Income Preparation Excel Based Software all in one for the Govt and Non-Govt Employees for F.Y.2021-22

Common Deduction of Income Tax Chapter VIA, At a Glance Chapter VIA Deduction, List of all Therefore, income tax deductions from 80C to 80U. Chapter VIA List of all cuts at a glance, cut under Chapter VI-A.  In other words, Here we provide a list of all deductions covered under section VIA of the Income Tax Act. In this article, we […]

Income Tax Deduction U/s 80 | Includes Automatic Income Tax Preparation Software all in one for Govt and Non-Govt Employees in Excel for F.Y.2021-22

Income Tax Deduction U/s  80 |Section 80 deduction for the fiscal year 2020-21, A.Y 2021-22 (with budget 2021 amendment) The Income Tax Department has made various deductions from taxable income under Chapter VI A deduction to encourage savings and investment among the taxpayers. As 80C is the most famous, there are other deductions that help […]

Prepare Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22|With what is the difference between tax deduction, tax exemption and a Tax Rebate?

Prepare Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22|Taxes are the biggest concern for most of us. Like me, there are many who do not understand the process and are worried about how to get through it at this time of year. We either hire a specialist or rely on our CA […]

Income tax allowances as well as deductions of salaried persons| With Auto-fill Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22

Income tax allowances, as well as deductions of salaried persons | Salaried persons, constitute a major part of the overall taxpayers of the country and their contribution to tax collection is significant. Therefore, Income tax deduction provides many opportunities for tax saving for the salaried class. With these discounts and rebates and one can significantly reduce his taxes. […]

Income tax deduction as per U / s 115 BAC of F.Y.2021-22| With Automatic Income Tax Preparation Software in Excel All in One for the Government and Non-Government Employees for the F.Y.2021-22

Income tax deduction as per U / s 115 BAC of F.Y.2021-22|Top 9 list of income tax deductions as well as exemptions for F.Y 2021-22: You may only entitle the following deductions in the running assessment year on deposit and investments done by the previous financial year (F.Y 2020-21). Therefore,  Therefore, Income Tax Deduction for A.Y 2022-23: The Income […]

Tax benefits on home loans| With Automatic Salary Arrears Relief Calculator U/s 89(1) with Form 10 E from F.Y.2000-01 to F.Y.2021-22 (Up-to-date Version)

Tax benefits on home loans. Union Finance Minister Nirmala Sitharaman in her budget speech proposed to extend the deadline for getting additional concessions for repaying interest on home loans till March 31, 2022. This comes after the government extended the deadline to March 31, 2021, in the previous budget. While a housing loan can help you get a home […]

Income tax deduction for salaried employees| With Automatic Income Tax Preparation Excel Based Software in Excel All in One for the Govt and Non-Govt Employees for F.Y.2021-22

Income tax deduction for salaried employees, When the overall taxpayers in the country are assessed, the salaried individuals make up a significant portion of it. And, their contribution to tax collection is considerable. With this in mind, the rules of the  income tax deduction for salaried employees provide various opportunities for tax protection. With these discounts and deductions, you can […]

Income tax Section 80GG for House Rent Paid. With Automatic Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.21-22

 For most employees, home rent allowance (HRA) as part of their salary income. However, some small and medium-sized companies can pay a single amount of money to employees without separation. For a hired employee, in order to claim deductions, HRA should be part of his salary income. However, the Income Tax Act 1961 provides for a deduction in respect of […]

Save tax for salaried people Includes automatic income tax preparation software in Excel for government and private employees for F.Y.2021-22

Save tax for salaried people, Central Budget 2021 results Therefore, Exemption from ITR filing for senior citizens aged 75 years and above, only pension and interest income. B. Therefore, The Income Tax Department has introduced a pre-filled ITR with additional details to facilitate the return filing process. C. In other words, The deadline for submission of […]

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