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.

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…

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

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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 between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? With Auto Calculate Income Tax Preparation Software in Excel for the All Salaried Persons for the F.Y.2023-24 and A.Y.2024-25

TAX BENEFITS

Which is better between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? Now is the time for many participants; Salaried individuals, in particular, have to choose between opting for the New Tax Regime or continuing with the Old Tax Regime. Through this article, the author wants to help them in their decision-making process. Therefore,  There is no change in the slab rates for the old tax regime. No tax for income of 0 to 2.5 Lakh, a tax rate of 5% for income of 2.5 to 5 Lakh, a tax rate of 20% for…

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.

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

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

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…

Changes in the new tax regime: everything you need to know | Excel-based Income Tax preparation program for Non-Govt Employees (private) employees for F.Y.2023-24 and A.Y.2024-25

ARREARS RELIEF

 Changes in the new tax regime: everything you need to know | A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits. Who can choose the new tax regime? Only individuals and Indian Undivided Families (HUFs) can opt for the new tax regime. That is partnership firms, companies, associations of individuals, legal entities, and trusts cannot opt for this tax regime. Are there any changes…

Download U/s 89(1) Automated Income Tax Back Wage Exemption Calculator with Form 10 E from Tax Year 2000-01 to Tax Year 2022-23 (Updated Version)

 Download Automated Back Wage Exemption Calculator U/s 89(1) Income Tax With Form 10 E |  Section 89 comes into force when the salary/annuity or other parts are paid sooner or later. As  explained in Section 89, if you simply receive your salary in cash or in advance during the budget year  because your total income for that year expands, increasing your taxable income will lock you in.  Relief under Section 89. You must complete Framework 10E with these exact details and then submit it  to your current principal to secure relief. The 10E structure must…

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

 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

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…