Section 80D – Health Insurance – Applicability, Discounts and Policies | With Automatic Income Tax Calculator for Government and Non-Government Employees Fiscal Year 2022-23 as per Budget 2022

 Section 80D – Health Insurance – Applicability, Discounts and Policies |  Medical emergencies always  surprise us. It’s always better to be safe than sorry, and it’s no different from health insurance. Therefore,  … Read More

Income Tax Section 80GG | With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for F.Y.2021-22

 Section 80GG of the Income Tax Act provides a deduction for renting a home under certain conditions . Some of these involve being a Hindu individual or undivided family (HUF), being self-employed … Read More

Relaxation for retired employees under the Income Tax Act of 1961

RELAXATION  FOR RETIREMENT EMPLOYEES under the Income Tax Act of 1961 Higher basic exclusion limit Exemption from taxes on amounts received by way of gratuities reduced pensions and pension funds … Read More

Interest deductions on Home loans – Section 24b | With Automated Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for F.Y.2022-23

 Interest deductions on home loans – Section 24b Introduction Section 24b of the Income Tax Act allows for deducting home loan interest from taxable income. The loan must be taken out for the … Read More

Section 80 TTA – Exemption for Savings Interest | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23(Updated Version)

Section 80 TTA – Exemption for Savings Interest | 80TTA Complete Guide: Definitions, Limits,  Eligibility, Exceptions for the Fiscal Year 2022-23 (A..Y 2023-24 Therefore, A savings bank account is like a digital … Read More

Income Tax Section 16 – Standard Deduction, Entertainment Allowance With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for the F.Y.2022-23

Income Tax Section 16 of the Income Tax Act 1961 provides for a deduction from taxable income  under the wage line. Provides deductions for the standard deduction, entertainment allowance, and  labour tax. With this … Read More

Income Tax Deductions U/s 80 CCD (1B)| With Automatic Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for F.Y.2022-23

 Income Tax Deductions U/s 80 CCD (1B)| Payment of income tax is required for every Indian citizen  who has an income tax, in accordance with the rules and regulations of the Income Tax Act1961. But … Read More

The five most important sections of income tax| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10-E from the F.Y.2000-01 to 2022-23

The five most important sections of income tax| Anyone who earns income in the state is responsible  for paying income tax. The Income Tax Law consists of different articles that deal separately with  various … Read More

Section 80EE Income Tax Deduction for Interest on Home Loan with Automatic Income Tax Form 16 Preparation Excel Based Utility for the F.Y.2021-22

 Section 80EE Income Tax Deduction for Interest on Home Loan | Section 80EE allows for income tax  credits on a percentage of a home loan that is used by any financial institution. You may … Read More

What is Form 16: Meaning of Part A and Part B with Autofill Income Tax Form 16 in Excel for the F.Y.2021-22

 What is Form 16 – Meaning of Part A and Part B | Form 16 is an indispensable certificate issued by  employers to their employees. Provides confirmation that the TDS has been deducted and filed with … Read More

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