Is the tax due for one year more than Rs.10,000? Where the tax payable by a person exceeds Rs 10,000 after deducting the original TDS it comes into play. Challan280 has been cleared by the IT department for early payment of taxes. It can be paid online using the link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp and click on Challan no./ITNS 280 tab. Download the Automated Income Tax Challan 280 in Excel Therefore, Advance taxes are paid by those who have a source of income other than their salary. Individuals who earn from rentals, capital gains from shares, fixed income, lottery…
Category: Income Tax Challan ITNS 280 in Excel
Section 80U – Tax Exemption for Persons with Disabilities| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
Section 80U – Check Eligibility, Amount of Deduction, How to Claim, Documents, Definitions, For F.Y 2022-23 (A.Y 2023-24), Diagnosed Disease Section 80U Exclusion of Disability Section 80U of income tax is deductible for those who are unable to work. This section provides a lump sum exemption for a person with a disability based on the severity of the disability, regardless of the amount of the income. Therefore,The criteria for entitled this deduction are -. Taxpayers must be residents. Must be at least 40% disabled for work. The disability must also be…
Download Automated Income Tax Preparation Software in Excel. for the Non-Government (Private) Employees for the F.Y.2022-23
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…
Income Tax Preparation Software All in One in Excel for the West Bengal Government Employees for the F.Y.2022-23
Income Tax Preparation Software All in One in Excel| All the West Bengal Government Employees are well known that the Bengal Government has not paid the D.A.till now from the financial year 2020-21 to on-words. The Govt employees get the benefits only the Annual Increment in the month of July of each financial year. It is too hard to listen to the pending D.A. In this regard where the other State Government has already paid the up-to- date D.A. as same as the Central Govt Employees. The Pending D.A. of the West Bengal…
Know you’re Tax Burden for the F.Y.2022-23 and A.Y.2023-24 by the Excel-Based Automated Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2022-23
Know you’re Tax Burden for the F.Y.2022-23 and A.Y.2023-24 | As the Financial Year 2021-22 has already gone and the New Financial Year 2022-23 has started from the 1st April 2022 which will end on the month of 31st March 2023. So we called the Financial Year 2022-23 and Assessment Year 2023-24. Now it is indispensable as well as necessary to calculate your Income Tax liability for the Financial Year 2022-23 as per the Finance Budget 2022. The New and Old Tax Regime U/s 115 has continued for this present financial year. You can change your…
All-in-one Excel Income Tax Preparation Software for Tax Year 2022-23
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;…
Section 80 Income Tax Deductions|With All in One Tax Calculator for the F.Y.2022-23
Worried about paying huge taxes every year? Know these deductions that can reduce your tax payable. Section 80C – Investment deductions from taxable income Some of your investments offer more than just expected returns. You can also save on taxes. Section 80C investments are important examples of such investments. This deduction is eligible for the individual and Hindu undivided family (HUF). Deductions are available for some large investments such as: Therefore, Investments in the state pension fund (NPF) Unit Linked Investment Plans (ULIP) Equity Savings Schemes (ELSS) Participation of employees in contributions to…
Save tax on Income for the A.Y.2023-24| With Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23
Save tax on Income for the A.Y.2023-24|For most people, paying income tax at the end of the tax year is a difficult task. Much of the fuss revolves around scheduling insurance, rent, and other receipts in such a way as to result in the lowest tax liability possible. Therefore, Income tax planning doesn’t have to be a difficult task if you carefully consider every aspect of your income. While some of the tax-saving methods are very common, if you are in a higher tax bracket, you can turn to non-traditional methods…
Section 80 CCD(IB) Deductions| With Automated Income Tax Preparation Software All in One for the Government and Non-Government Employees for the F.Y.2022-23
Section 80CCD(1B) Deduction: National Pension Scheme (NPS) tax credits The income tax law prescribes various forms of deductions that help reduce your tax liability. There are a number of prescribed investments and expenses that you pay from your income that are allowed as investments or deductible expenses. Since these investments and expenses are deducted from your income, your taxable income is reduced. As your taxable income decreases, you pay less taxes. Therefore, What is Section 80 CCD(1B)? In other words, In terms of deductions, some of the most popular deductions are found…
Income Tax Deduction for persons with disabilities| With Automated Income Tax Preparation Software in Excel for the Non-Govt(Private) Employees for the F.Y.2022-23
Income Tax Deduction for persons with disabilities| Section 80U of the Income Tax Act of 1961 allows persons with disabilities to claim tax credits. Any resident of India with a disability can claim tax exemption of up to Rs 75,000 on their annual income. The Tax Regulation allows persons with disabilities to enjoy tax benefits when filing an ITR. Therefore, In other words, Residents of India who are recognized as disabled under laws established by the Government of India may qualify for Section 80U tax deductions. An individual applying for tax exemption must be a resident of India during the…