List of Individual Tax Deductions F.Y 2020-21 under Old system U/s 115 BAC Let us currently discuss the list of personal tax deductions F.Y 2020-21 under the old tax system. Allowances are accessible under the old tax system if you are opt-in as Old Tax Regime U/s 115 BAC. # House Lease Allowances (HRA) This is the popular exclusion which is utilized by numerous salaried individuals. Nonetheless, an inappropriate conviction is that whatever the lease they pay is really excluded from their pay. The fact of the matter is extraordinary.…
Tag: Automated Income Tax House Rent Exemption Calculator U/s 10(13A)
Automated Income Tax Preparation Excel Based Software All in One for Non-Govt(Private) Employees for the F.Y.2020-21 With New Tax System New and Old Tax Regime U/s 115BAC as per Budget 2020
Planning for your income tax or calculating your income tax liabilities seems like a very difficult task to many of us. If you believe in this myth then surely the 2020 the budget of money will prove you wrong. As with the 2020 budget, to add salt to the injury, you need to not only manage your own taxes but also decide which income tax system is best for you. There is no other country in the world where two separate income tax slabs are running simultaneously. In the history of income tax, India has never…