Tag: Download Auto Calculate Arrears Relief Calculator U/s 89(1) F.Y.2023-24

Generate- Calculate- and Simplify- Auto Calculate Income Tax Calculator in Excel All in One for the F.Y.2023-24 and A.Y.2024-25

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Income Tax Deductions

Are you tired of spending endless hours manually calculating your income tax? Do you want a hassle-the free solution that simplifies the process and saves you time? Look no further! In this article, Therefore, we’ll guide you through creating an all-in-one income tax calculator in Excel. With just a few simple steps, Above all, you can generate accurate income tax calculations and gain better control over your financial planning. In other words, This Calculator can Generate- Calculate- and Simplify- Auto Calculate Income Tax Calculator in Excel All in One for the F.Y.2023-24 and A.Y.2024-25 Download Excel All…

Enjoy the benefits of the normal U/s 115 BAC exemption in the new tax regime for F.Y.2023-24 as per Budget 2023| With Automated Excel Income Tax Preparation Software for Non-Government (Private) Employees for the 2023-24 Fiscal Year as per the 2023 Budget

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chapter Vi A

What is the Standard Deduction?  Enjoy the benefits of the normal U/s 115 BAC exemption in the new tax regime for F.Y.2023-24 as per Budget 2023| The term standard deduction refers to the tax-free portion of income that can be used to reduce your taxes. Therefore, Now, income taxpayers can take advantage of the conventional exemption in the tax declaration even after the declaration of the ITR of the new tax regime. The standard deduction under the new tax regime U/s 115 BAC  The standard deduction benefit available to salaried workers and pensioners (including…

Deductions in the New Tax Regime of the Budget 2023-24| With Auto Calculate Income Tax Preparation Software in Excel for the Government and Private Employees for the F.Y.2023-24 and A.Y.2024-25

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TAX BENEFITS

The Union Government introduced a new tax regime pursuant to Section 115BAC in the 2020 Budget with concessional tax rates. In the Finance Budget 2023 income tax regime U/s 115 BAC, the government has introduced the Below given main changes for the financial year (F.Y) 2023-24: Income tax slabs for the A.Y.2024-25 Up to Rs. 3 lakhs NIL Rs. 3 lakhs- Rs. 6 lakhs 5% of. Rs. . 6 lakhs- Rs. 9 lakhs 10% Rs. . 9 lakhs- Rs. 12 lakhs 15%. Rs. 12 lakhs- Rs. 15 lakhs 20%. Rs. . 15 lakhs and…

Old or new tax regime – What is useful for you as per Budget 2023 | With Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24

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TAX BENEFITS

Old or new tax regime – What is useful for you as per Budget 2023 | Finance Minister Nirmala Sitharaman presented the last complete budget of the Modi government ahead of next year’s parliamentary elections, scheduled for April-May 2024. The cost of living has increased in recent years, which has increased inflationary pressures. The Union Budget 2023 can add more value to taxpayers by providing them with tax benefits and increasing tax deductions to increase their purchasing power (cash on hand) and revitalize the Indian economy. This year’s Union Budget announcements focused on pro-growth measures with special promotion on…

Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| With Auto Calculate Income Tax Preparation Software All in One in Excel for the A.Y.2024-25

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chapter Vi A

Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| Are You perplexed about the intricacies of income tax deductions under Chapter VIA for the old tax regime? Fear not, as we delve into the details of this important topic, shedding light on its significance, eligibility criteria, and benefits. Therefore, In this comprehensive guide, we’ll break down the Deduction Under Chapter VIA of Income Tax for the Old Tax Regime of the Income Tax Act, ensuring you have a clear understanding of how they work and how they can benefit you. Table of Contents 1.        …

How to pay less tax in F.Y. 2023-24| With Auto Calculate and Auto Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 with Form 10E

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How to pay less tax in F.Y. 2023-24| The beginning of the new tax year is a good time to reassess your  finances and also explore possible changes that can help you save taxes and maximize your wealth.  The growing season is about to begin. While a higher salary is always good news, it comes with the  backlash of higher taxes. In some cases, the increase may lead the individual to a higher tax slab. For  example, if a person with an income of Rs 10 lakhs gets a 20% raise, his…