Budget 2020 has introduced a new income tax system for individual taxpayers. However, for the option of such discounted duty, the taxpayer will be required to deduct certain specific deductions. These include a standard rebate of Rs 50,000, a rebate of Rs 1.50 lakh under Section 80C and interest on the self-occupied property of Rs 2 lakh, a deduction taken by most taxpayers. As a result, exempt tariffs may not always be beneficial. Based on the table of examples below, it is clearly proven that the maximum benefit under the…
Category: Income Tax Slab for F.Y. 2020-21
CBDT clarifies process of opting concessional rates of tax, Sec 115BAC With Automated Income Tax All in One Govt & Non-Govt (Private) Employees for the F.Y.2020-21 Under Section 115 BAC ( New & Old Tax Regime as per Budget 2020)
CBDT clarifies process of opting concessional rates of tax, Sec 115BAC CBDT has issued Circular C1 of 2020 dated13.04.2020. It clarifies the process of exercising of option by a taxpayer with regard to deduction of tax at source if he/she opts for the concessional rates of tax as per section 115BAC. Employee to an intimate employer of the intention to opt for new concessional rates. Intimation so given will be applicable for the year & can’t be modified. However, an employee has the right to exercise such option or continue…
Tax Planning – How to save income tax in F.Y 2020-21 (AY: 2021-22), With Automated Income Tax Master of Form 16 Part B which can prepare at a time 50 employees Form 16 Part B for the F.Y.2020-21 as per Budget 2020 with New Section 115BAC
Income Tax Slabs In the Budget 2020 is Introduce a new Section 115 BAC in this Budget 2020, where taxpayers can opt for all the alternative benefits (as in the old tax regime) or opt-in to the new tax regime, where they cannot qualify for the tax exemption. And he’s getting the new tax slab. Personal tax slab Introduce another section 115BAC in Budget 2020, Therefore, in which the tax slab can use the tax slab as the old tax regime for the previous financial year and the new tax…
The Truth About Vitamin D, Zinc, and Other Coronavirus Rumors
[ad_1] What might work, what probably doesn’t, and what’s flat-out wrong Here’s a lot of misinformation and half-truths going around right now about the novel coronavirus. That’s understandable — the virus is very new and doctors and scientists are still learning about how the infection works and best ways to treat it. The news being reported about tests, symptoms, and treatments is conflicting at times, which is confusing. Plus, everyone wants to protect themselves as best they can, so it makes sense that people will try anything to stave off…
Free download Converter Amount to In Words in Excel
[ad_1] Free download Amount to in word Converter in Excel Tools Most of the Professionals mainly in Accounts related persons and who are working in computers mainly used in Excel, they have needed these Excel Tools, which can easily Convert the Amount to In Words automatically. This Excel Tolls mainly valuable for those, who are working in Accounts and where frequently need the Amount to in word manually typing in Computer. Hope this Utility can help and reduce the time and errors of the spelling of in word typing. For Download…
Why didn’t China warn the world in December?
[ad_1] The reality is, the worldwide toll could have been checked within time if China had been more transparent and had warned countries regarding the new strain of Severe Acute Respiratory Syndrome (SARS)-like infection, which originated at a ‘wet market’ in its province of Hubei late last year. Almost 5,00,000 covid-19 positive cases and more than 23,000 deaths later, Beijing is now urging for an all-out global war against the pandemic that originated in its own courtyard, Wuhan, before sweeping the world, perishing men, women, children, old and derailing the…
Hundreds of Volunteers Are Working to Create Open-Source Ventilators to Fight Coronavirus, We are Proud of them, God Bless themselves.
[ad_1] Without support from the government, a community of volunteers is stepping up to address the shortages. Across the globe, volunteer health care experts and engineers are building open-source ventilators so that doctors don’t have to decide who should get them. As of Friday, more than 250 people around the world have signed up on a Google Sheet to volunteer for an effort to develop one million emergency ventilators. The document is open — anyone can add their name and information to help — and is being used to field…
Hydroxychloroquine and azithromycin as a treatment of COVID-19? Results of an open-label non-randomized clinical trial
[ad_1] Background Chloroquine and hydroxychloroquine have been found to be efficient on SARS-CoV-2, and reported to be efficient in Chinese COV-19 patients. We evaluate the role of hydroxychloroquine on respiratory viral loads. Patients and methods French Confirmed COVID-19 patients were included in a single arm protocol from early March to March 16th, to receive 600mg of hydroxychloroquine daily and their viral load in nasopharyngeal swabs was tested daily in a hospital setting. Depending on their clinical presentation, azithromycin was added to the treatment. Untreated patients from another center and cases…
Emergency Fund of the West Bengal Govt for Donate against fight Coronavirus,it is humble requested to all of people to donate to the Chief Ministe’s Emergency Fund for fight against Coronavirus
[ad_1]                                                                   Government of West Bengal                           Finance Department                                                        Budget Branch                                                                         ORDER No. – 50-SB(SM)-20                               Howrah, the 23rd day of March, 2020                       Subject: Constitution of the West Bengal State Emergency Relief Fund The State Government is required to take urgent steps to provide relief…
RBI Cuts Rates, Allows 3-Month Pause On EMIs To Offset Coronavirus Impact
[ad_1] The move came as India entered the third day of a 21-day countrywide lockdown to curb the rapid spread of the coronavirus pandemic. Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout of the coronavirus-induced lockout. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was originally slated for a bi-monthly review early next month. Four out of the six members…