Income Tax Automated Form 16 Archives

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.

Jun 5, 2023Jun 5, 2023 admin

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…

Section 80DD Expenses – Claim tax deduction on medical expenses for disabled persons| With Auto Calculate Income Tax Software All in One for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 in Excel

Jun 2, 2023Jun 2, 2023 admin

Section 80DD Expenses – Claim tax deduction on medical expenses for disabled persons| Individuals or HUFs can claim an exemption under Section 80DD of the Income Tax Act for a disabled person who is wholly dependent on the Individual/HUF for support and services. Therefore, the Conditions for claiming exemption under section 80DD To avail of this discount, need to the following conditions: • Taxpayers are entitled to payment, not taxpayers. • If the taxpayer claims exemption under section 80U for himself, the taxpayer cannot claim this exemption. In other words, Taxpayers include spouses, children, parents, siblings,…

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.

May 17, 2023May 17, 2023 admin

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

May 12, 2023May 12, 2023 admin

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

May 9, 2023May 9, 2023 admin

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

May 1, 2023May 1, 2023 admin

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

Jan 10, 2023 admin

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

Jan 5, 2023 admin

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

Oct 10, 2022 admin

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 Income Tax Preparation Software in Excel. for the Non-Government (Private) Employees for the F.Y.2022-23

Aug 18, 2022 admin

Download Automated Income Tax Preparation Software in Excel | Calculation of income tax for employees of a private company in 2022: The annual CTC of a person working in a private company consists of several components. These include LTA, HRA, pension fund contributions and tips, entertainment reimbursements, phone bills, transportation, books and periodicals, and more. While the names of CTC components may vary from company to company, the applicable tax rules remain the same. For proper tax planning, it is important to understand the tax implications of the various components of the…