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…
Tag: Automatic Income Tax Calculator All in One for the Govt and Non-Govt Employees for F.Y.2021-22
Income tax exemptions for salaried employees F.Y.2022-23 | With Automatic Income Tax Preparation Software All in One in Excel for F.Y.2021-22 And Automatic Income Tax Form 16 for the F.Y.2021-22
Income tax exemptions for salaried employees F.Y. 2022-23 | The Income Tax Act of 1961 provides certain income tax benefits/exemptions for salaried employees. Therefore, these exceptions can help salaried people save a significant portion of their income. Therefore, accordingly, Here is a list of some basic income tax benefits as per Section 10 of the Act. Therefore, In other words, Advantage HRA (HRA) If you rent a house then you can get the benefit of HRA. You can request the following minimum as an exception to HRA: However, Total HRA received: Additionally, 40% of income for…
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…
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…
Income Tax benefits from Medical Insurance U/s 80 D | With Automatic Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees and Master of Form 16 Part B for the F.Y.2021-22
Income Tax benefits from Medical Insurance U/s 80 D | The Income Tax Act, 1961, allows personal income tax deduction by reducing the amount of tax payable. It is important to know the relevant sections to make the most of these deductions. Therefore, What is section 80D? In other words, Section 80D of the Income Tax Act provides for tax deduction relating to medical insurance premiums paid for you and your family members. You can claim a tax deduction for health insurance premiums paid for yourself, your parents, your children and…
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…
Budget 2022: Any changes to the Tax Threshold and Standard Deduction for Salaried Retirees in FY 2022-23? With Automatic Income Tax Preparation Software All in One in Excel for the F.Y.2021-22 as per new and old Tax Regime.
Budget 2022 did not provide for any change in the standard deduction amount available to employees and retirees. Therefore, This will effectively mean that salaried individuals and retirees (whose pension is taxed) In other words, However, Below the head salary) will continue to claim the same standard deduction amount in fiscal 2022-23 as they did in fiscal 2021-22. For instance, can claim Rs 50,000 as a standard deduction if they opt for the old tax regime in the financial year 2022-23. The amount available to apply for the standard deduction had to increase due to the…
How to save tax | With Automated Income Tax Preparation Software in Excel for the Govt & Non-Govt Employees for the F.Y.2021-22 with Old and New Tax Regime.
The Income Tax Administration has provided taxpayers with various deductions and benefits that can be deducted from taxable income in accordance with Section 80 of Chapter VIA to reduce the tax burden. In all of this, there are some deductions that you get through investing, but there are some deductions that you get without investing, but some deductions that you make through daily expenses. The most popular is the deduction below 80C; there are several other deductions that can reduce taxpayer tax liability even without solely saving on tax savings instruments. Some of them are as follows Download…
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…