Tag: Automatic Income Tax Calculator all in One for the Govt and Non-Govt Employees for F.Y.2021-22

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 […]

Income tax exemptions for salaried employees F.Y.2022-23 | With Automatic Income Tax Preparation Software All in One in Excel for F.Y.2021-22 And Automatic Income Tax Form 16 for the F.Y.2021-22

 Income tax exemptions for salaried employees F.Y. 2022-23 | The Income Tax Act of 1961 provides  certain income tax benefits/exemptions for salaried employees. Therefore, these exceptions can help  salaried people save a significant portion of their income. Therefore, accordingly, Here is a list of some basic income tax benefits as per Section 10 of the Act. Therefore, In other words, Advantage […]

Deduction under Chapter VI A of the Income Tax Act| With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees + Automatic Income Tax Revised Form 16 for the F.Y.2021-22

 Deduction under Chapter VI A of the Income Tax Act| Income Tax Chapter VI A of the Income Tax Act  Therefore, available different subsections of section 80 allow a taxpayer to claim a deduction from total gross income.  Income Tax Chapter VI A of the Income Tax Act bear carry subsections of section 80 which allows a valuer to claim […]

Rs.5 (Five) Lack Income tax deduction U/s 87A | With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees for the F.Y.2021-22 and Automatic Income Tax Form 16 Part A&B for the F.Y.2021-22

 The government has not changed the basic exemption limit of 2.50 lakhs for a while as the government  does not want people to step out of the tax net and be exempt from filing the ITR. However, at the  same time, successive governments have proposed tax exemptions for taxpayers up to certain income  limits. Tax exemption is […]

Highlights of Budget 2022 | With Automatic Income Tax Form 16 + Arrears Relief U/S 89(1) + Automatic Income Tax Preparation software All in One in Excel for the F.Y.2021-22

Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24  after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see  the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax […]

Highlights of Budget 2022 | With Automatic Income Tax Form 16 + Arrears Relief U/S 89(1) + Automatic Income Tax Preparation software All in One in Excel for the F.Y.2021-22

Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24  after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see  the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax […]

Income Tax benefits from Medical Insurance U/s 80 D | With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees and Master of Form 16 Part B for the F.Y.2021-22

 Income Tax benefits from Medical Insurance U/s 80 D | The Income Tax Act, 1961, allows personal  income tax deduction by reducing the amount of tax payable. It is important to know the relevant  sections to make the most of these deductions. Therefore, What is section 80D?  In other words, Section 80D of the Income Tax […]

Budget 2022: Any changes to the Tax Threshold and Standard Deduction for Salaried Retirees in FY 2022-23? With Automatic Income Tax Preparation Software All in One in Excel for the F.Y.2021-22 as per new and old Tax Regime.

 Budget 2022 did not provide for any change in the standard deduction amount available to employees  and retirees. Therefore, This will effectively mean that salaried individuals and retirees (whose pension is taxed) In other words, However, Below the head salary) will continue to claim the same standard deduction amount in fiscal 2022-23 as they did in fiscal 2021-22. For […]

How to save tax | With Automated Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees for the F.Y.2021-22 with Old and New Tax Regime.

 The Income Tax Administration has provided taxpayers with various deductions and benefits that can  be deducted from taxable income in accordance with Section 80 of Chapter VIA to reduce the tax burden. In all of this, there are some deductions that you get through investing, but there are some deductions that you get without investing, but some deductions that you make […]

Zero Income Tax on Rs 10 lakhs Individual Income- See How? With Automated Income Tax Preparation Software in Excel All in One and Form 16 for the F.Y.2021-22

Zero Income Tax on Rs 10 lakhs Individual Income- See How? It is well known that the income tax on income of Rs. 10 lakh in a personal situation will attract Rs. 1.17.000 / -. But, if you plan well, you don’t have to pay any income tax on your personal income of Rs 10 lakh. Therefore, […]

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