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

Exemption U/s 80C | With All-in-One Automated Income Tax Preparation Software in Excel for Non-Government Employees for Financial Year 2022-23

 Exemption U/s 80C | Investment under Section 80C has two purposes: first, to make investments, and  second, to save tax. Thus, the tax thus saved and the investments thus made can be used in the future. Miscellaneous funds under section 80C There are several investments under section 80C which allows the assessee to reduce his tax liability to […]

Income Tax Section 80TTA| With Auto fill Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E from the F.Y.2000-01 to F.Y.2022-23

Income Tax Section 80TTA| Under the Indian Income Tax Act, various deductions are provided to the  Indian taxpayers to reduce their income tax liability and thereby reduce their tax expenses. Similarly, These deductions can be based on salary, investment, or payment. Therefore, U/s 80TTA of the Income Tax Act, tax exemption is eligible to taxpayers on interest earned in a […]

Tax Benefits on Home Loan| With Autofill Income Tax Preparation Software All in One in Excel for the Government & Non-Government Employees for the F.Y.2022-23

Tax Benefits on Home Loan| While purchasing a property through a home loan, one can save tax under Section 24, Section 80C, Section 80EE, and Section 80EEA of the Income Tax Act. We are regularly asked how we can save tax on purchasing a home with a home loan. That’s why we’ve created this blog in which we focus on […]

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 […]

Fixed-term deposits: the best investment or not| With Automated Income Tax Arrears Relief Calculator U/s 89(1) for the Financial Year 2022-23

 Fixed-term deposits: the best investment or not| Fixed deposit basically means depositing a certain amount of money for a specific period. You can earn interest on the principal amount over the entire term cumulatively. Earned interest is added to the principal amount after each specified time period. Therefore,  Where do you open an FD account? You can […]

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

Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E | What if they pay you late? If really,  you may be worried about the tax consequences of it. Do you have to pay taxes on the total tax base?  Shouldn’t something be said about last year’s tax checks and such? For taxpayers with these requests in  mind here’s […]

LTA – Tax benefits| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2022-23

 LTA – Tax benefits| Leave Travel Allowance is one of the best tax-saving tools available to an employee. It’s a tax exemption that employers offer their employees. Therefore, Leave Travel Allowance, as the name suggests, is an allowance paid by an employer to an employee when the primary travel with the family or on their own. The amount paid as […]

Provident Fund –Vs- Fixed Deposit, which investment strategy is right for you? With Automated Income Tax Preparation Software in Excel All in One for the Government and Non-Government Employees for F.Y.2022-23

 Provident Fund –Vs- Fixed Deposit, which investment strategy is right for you? If you want a relaxed  lifestyle without the hassle of earning money in retirement, public provident funds and fixed deposits  maybe the right option for you. Therefore, Financial planning for the future is very important. Especially when we start earning money at a young age. If […]

Housing Loan Interest Deduction – Section 24B | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2022-23

 Housing Loan Interest Deduction – Section 24B| Section 24b of the Income Tax Act allows for the  deduction of interest on mortgage loans from taxable income. The said loan must be taken for the  purchase or construction or repair or reconstruction of residential property. Therefore, This deduction is allowed on an accrual basis, not the payment. In other […]

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