PPF Investment | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with form 10 E for the F.Y.2021-22

 PPF Investment | The public provident fund is one of these excellent schemes that you can consider as a long-term savings option. The special thing about this plan is that in addition to investing in it, you can invest as a Systematic Investment Plan (SIP). By the way, there have been many new ways to save and invest these days. But even today much of the country deposits its money in post office schemes. At the same time, the post office also courts its customers with various schemes. Here you will get many types of savings…

Section 24 exemption from House Building Loan Interest along with Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y. 2021-22 and Automatic Income Tax Master of Form 16 Part B for the F.Y.2021-22

 Section 24 of the Income Tax Act deals with the interest an individual pays on a home or property loan.  Section 24 of the Income Tax Act deals with the interest an individual pays on a home or property loan.  The name of this particular section is ‘Domestic Property Income‘. The discounts available are the loan  interest and the standard deduction.  There are several sections in the income tax law for obtaining the tax deduction on specific investments and expenses. One of the investments under constant legal pressure is the purchase of…

Highlights of Budget 2022 | With Automatic Income Tax Form 16 + Arrears Relief U/S 89(1) + Automatic Income Tax Preparation software All in One in Excel for the F.Y.2021-22

Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24  after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see  the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax (STT) for FY 2022-23 / the Year 2023-24. Highlights of Budget 2022  #No change in tax slab No change in tax slab  # Revised tax filing if you have missed some information If you have…

NPS a good savings & Tax Benefits scheme | With Automatic Income Tax Preparation Software in Excel for the F.Y.2021-22 with Automated Income Tax Form 16 and Automated Arrears Relief Form 10 E

NPS is a good savings and tax benefit. National Pension System (NPS) A good savings tool with stable returns and tax benefits The National Pension System (NPS) is not yet very popular with individual evaluators as people are not familiar with the benefits of the NPS. It is one of the best ways to save, stable returns and tax benefits. Therefore, It is undeniable that old age pensions are an advantage when income falls. It is relevant that the pension is no longer available for state and semi-government employees who entered service after…

Zero Income Tax on Rs 10 lakhs Individual Income- See How? With Automated Income Tax Preparation Software in Excel All in One and Form 16 for the F.Y.2021-22

Zero Income Tax on Rs 10 lakhs Individual Income- See How? It is well known that the income tax on income of Rs. 10 lakh in a personal situation will attract Rs. 1.17.000 / -. But, if you plan well, you don’t have to pay any income tax on your personal income of Rs 10 lakh. Therefore, In order to promote savings and provide tax relief, the government has enacted several exemptions under various chapters for the benefit of individual evaluators. However, the basic exemption limit under the Income Tax Act is only Rs. 2.5 lakh…

Download Excel Form 10E-Salary Arrears Relief Calculator U/s 89(1) for A.Y 2022-23

 Download Excel Form 10E-Salary Arrears Relief Calculator U/s 89(1) for  A.Y 2022-23 | Under Section 89 (1) of the Income Tax Act, an income tax exemption is granted in 1961 when an employee receives arrears or prepayments in a financial year. Form 10-E is required to apply for relief under Rule 21A of the Income Tax Rules, 1962.  According to the rules, if the employee is a civil servant or an employee of a company, cooperative, local authority, university, institution or organization, he can present him with Form 10E to request the exemption.…

Automatic Income Tax Salary Arrears Relief Calculator in Excel for the F.Y.2021-22.

Automatic Income Tax Salary Arrears Relief Calculator in Excel for the F.Y.2021-22.By what means can income tax relief be obtained from any arrears of salary from the previous year? Provided that the tax consequences of the equivalent can be asserted. Would it be a good idea for me to pay taxes on the total tax base? Shouldn’t something be said about last year’s tax allowance, etc.? Therefore, Taxpayers who have such demands in mind, here’s all there is to know. At the moment, In other words, you must have recently learned that income tax is…

Download Automatic Income Tax Preparation Excel Based Software All in One for the Non-Government (Private) Employees for the F.Y.2021-22 as per New and Old Tax Regime

Finance Minister Nirmala Sitharaman announced the inclusion of a new clause in the 2020 Union budget,Therefore, known as 115BAC, in the income tax law. The second 115 BAC, following fiscal year 2020-21, identifies a new discretionary income tax structure for Hindu individuals and undivided households (HUF).  In other words, Let us understand the new slab tariff, the eligibility measures for the new system and the concessions allowed or denied under section 115 BAC. Furthermore, we will help you compare the two frameworks, so that you can choose the most appropriate one. However,…

Prepare Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22|With what is the difference between tax deduction, tax exemption and a Tax Rebate?

Prepare Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22|Taxes are the biggest concern for most of us. Like me, there are many who do not understand the process and are worried about how to get through it at this time of year. We either hire a specialist or rely on our CA to file for us. However, it is good to know at least some basic facts about taxes. When filing your income tax return, you will come across various sections under which you have to declare  your…

Tax benefits on home loans| With Automatic Salary Arrears Relief Calculator U/s 89(1) with Form 10 E from F.Y.2000-01 to F.Y.2021-22 (Up-to-date Version)

Tax benefits on home loans. Union Finance Minister Nirmala Sitharaman in her budget speech proposed to extend the deadline for getting additional concessions for repaying interest on home loans till March 31, 2022. This comes after the government extended the deadline to March 31, 2021, in the previous budget. While a housing loan can help you get a home for yourself, it can also be a costly affair. But the various tax benefits that come with this type of loan help you save money every year. See how you can make the most of these benefits.…