Tag: Income Tax Section 80TTA

Deduction u/s 80TTA vs . 80TTB| With Auto Fill All in One Income Tax Preparation Software for Govt. and Non-Government Employees for F.Y.2022-23

 Deduction u/s 80TTA vs . 80TTB|Currently section 80TTA provides Rs 10,000/- deduction to all  individual/HUF taxpayers. Section 80TTA of the Income Tax Act, 1961 states: Deduction of interest on deposits and savings accounts. 80TTA. (a) As per the Banking RegulationAct, 1949 (10 of 1949) a banking company covered by the Banking Regulation Act,  (including any bank or banking organization referred to in […]

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 […]

What is Section 80TTA? With Automated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2022-23

Under the Indian Income Tax Act, several deductions are provided to the Indian taxpayer to reduce his tax liability and thus reduce his tax bill. These deductions can be through salary, investment or payment. Therefore, Under Section 80TTA of the Income Tax Act, tax exemption is provided to eligible taxpayers on interest earned in a […]

What is Section 80TTA? With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

What is Section 80TTA? Under the Income Tax Act of India, the Indian taxpayer is granted several deductions to reduce his tax liability and thus reduce his tax expense. These deductions may be based on wages, investments or payments. Therefore, In other words, under section 80TTA of the Income Tax Act, tax credits are available […]

Tax Exemption on Interest U/s 80TTA | With Automatic Income Tax Form 16 for the F.Y.2021-22

 Tax Exemption on Interest U/s 80TTA | We all have a tendency to check the amount of interest earned  on savings accounts during the year, but do we know how this interest is calculated and the tax on  interest on savings accounts that is due? In this article, we will try to give you an idea of […]

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