Category: Income Tax Automated Form 16 Part B

Section 80EE-An additional income tax deduction for home loan interest| With Auto Calculate Income Tax Arrears Relief Calculator U/s 89(ia) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 in Excel.

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ARREARS RELIEF

 Section 80EE-An additional income tax deduction for home loan interest|Indeed, the fortunes of buying your first home are different. Especially after going through the daunting process that begins – finding a home that fits your budget and meets your needs – to the more tiring steps of getting a home loan. However, this can be beneficial for a first-time home loan buyer. A tax deduction is available under section 80EE for interest paid on loans (received by a first-time taxpayer) for the purpose of purchasing a residential property. You (the taxpayer) can claim a deduction of up…

Which is better, the new or old tax regime for salaried employees? With Excel-based automatic income tax preparation software for salaried employees for the financial year 2023-24 and assessment year 2024-25.

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ARREARS RELIEF

Which is better, the new or the old tax regime for salaried employees? Remember the new 2020 tax regime? If you missed it, now might be a good time to revisit it. The Union Budget 2023 re-introduced the new tax regime, making it superior to the existing one. Even if the old tax regime is in place, the incentives for the new one seem to be satisfactory. Trying to balance the new income tax regime with the old income tax regime? Let us help you understand the old and new tax regimes. Compare the…

Old vs. New Income Tax Slab: Salary Is Best for A.Y.2024-25 and checks your tax liability by this Excel Utility for the F.Y.2023-24 and A.Y.2024-25

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TAX BENEFITS

Old vs. New Income Tax Slab – Everyone’s eyes are on the tax slab and the budget. Currently, there are two income tax slabs in the country. There are different provisions in both cases. If a person’s salary is 50 thousand, then how much tax will be deducted from the new or old tax slab? Let us tell you this. Therefore,  Budget 2023: The general budget will be presented on February 1. The fiscal year 202-23 is about to end. This time, people are hoping that the income tax exemption…

New tax regime: Update! Income tax provided excellent information on the TDS of employees. With Auto Calculate Income Tax tools in Excel as the all-in-one for the F.Y.2023-24 and A.Y.2024-25

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Form 16 New

New tax regime: Update! Income tax provided excellent information on the TDS of employees. Note that the new tax section is the default, so if you don’t want to choose the new tax section and want to keep the old one, you can choose the old tax section. Let’s find out all about it. What new or old tax regime do you want to choose for taxation, now your company will ask you this question. In this regard, the Income Tax Department has recently issued a notification. The Income Tax…

Instantly download Form 16 for 50 or 100 employees, part A and B or part B for the financial year 2022-23 according to the new and old tax regime U/s 115 BAC

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Form 16 New

 Download and Prepare 16 Forms Part B or Part A, Part A and Part B or Part B for Financial Year 2022-23 for 50 employees or 100 employees at a time | Therefore, In the financial year 2022-23, the CBDT (Board of Direct Taxes) has made an amendment in the rule 16 form “Payment of TDS authentication”. A separately paid department to a representative terminates the tax advantage of the district department declared by the taxpayer. After that, In other words, Payment TDS time is displayed and processed instantly. The CBDT has announced that the reform of 16…

Download form 16 for 50 employees part B, for the financial year 2022-23, and prepare it at once

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 Download Form 16 for 50 employees Part B, for the financial year 2022-23 and prepare it at the same  time. This Excel utility can readily prepare Employee Form 50 16 Part B in the revised format for  Fiscal Year 2022-23 and Assessment Year 2023-24 Download and Prepare at a time 50 Employees Automatic Income Tax Form 16 Part B for the financial year 2022-23 Feature of this excel utility:- 1) This Excel utility can prepare 50 employees at a time, Form 16, Part B, according to the 2022-23 budget 2) This utility can be…

U/s 89(1) Form 10E Income Tax Arrears Relief Calculator for Tax Year 2022-23

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 U/s 89 (1) Income Tax Arrear Relief Calculator | Therefore, What happens if you get paid late? If that’s really the case, you may be concerned about the tax consequences of that. Is it necessary to pay taxes on the total tax base?  In other words, Shouldn’t something be said about last year’s tax checks and the like? For taxpayers with these requests in mind, here’s everything you need to know. You may also like- Auto Fill Income Tax Preparation Excel Based Software for the Govt and Non-Govt Employees for the Financial Year 2022-23 Now,…

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

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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 Leave Travel Allowance is tax-free. What is a leave travel allowance? In other words, Leave Travel Allowance or LTA is a form of subsidy provided by employers to an employee to travel. Covers domestic travel…

Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23 and A.Y.2023-24 with income tax benefits on joint home loan

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What is a joint home loan? Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23| A home loan where there is more than one borrower is called a joint home loan. Two friends cannot be co-borrowers. In fact, banks sometimes refrain from lending to siblings unless they co-own the property. This also happens in the case where the loan is made with the parents as co-borrowers. It is only in the case of spouses that banks do not require co-ownership of the said property from…

All-in-one Excel Income Tax Preparation Software for Tax Year 2022-23

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 The article contains a program for automatic adjustment of income tax in Excel. This Excel utility can  prepare times for Govt and Private employees in various formats for the tax year 2022-23 (tax year  22-23), i.e. income tax estimate for the year 2023-24. Income tax calculation software is useful for  employees in the government and private sector. “Let all be subject to the governing authorities, for there is no other authority but that which God has established. Give to each his due: if you owe tribute, pay tribute; if tribute, pay tribute;…