Tag: Download Automated Income Tax Form 16 for the F.Y.2022-23

What is the new tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

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chapter Vi A

The central government introduced a new tax regime with concessional tax rates under section 115BAC in the 2020 budget. Therefore, In the income tax regime of UnionBudget 2023, the government has made the following important  changes for the financial year (F.Y) 2023-24: Therefore, Complete exemption from income tax up to Rs. 7 lakhs has been provided under the new tax regime under Section 87A of the Income-tax Act, 1961. In other words, Limits on tax exemptions under the old tax system for the 2023-24 tax year Limits on tax exemptions under the new tax system for the 2023-24…

Tax Exemption as per the old tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Software All in One for the Non-Govt Employees for the F.Y.2023-24

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Income Tax Deductions

Tax Exemptions as per old tax regime for the F.Y.2023-24 and A.Y.2024-25 | When it comes to tax planning, deductions under Section 80C, 80CCC, 80CCD, and 80D are some of the most popular options for tax savings. These deductions allow taxpayers to reduce their tax base by investing in various financial instruments and insurance policies. You may also Download – Automated Income Tax Arrears Relief Calculator U/s 89(1) with form 10E from the F.Y.2000-01 to F.Y.2023-24 (Updated Version)  However, with so many options available, choosing the right one to meet your financial goals and tax savings can be confusing.…

Income Tax Exemption from income on salary with Auto Calculated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023

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TAX BENEFITS

 Income Tax Exemption from Income on Salary |Housing Allowance-HRA [Section 10(13A) and Rule 2A]. Prescribed special grants which are exempt to some extent – Section 10(14). Entertainment exemption, Exemption in case of certain individuals You may also like-Download and Prepare at a time 50 Employees Form 16 Part B for the Financial Year 2022-23 Therefore, Grants that are fully taxable An allowance is a fixed monetary amount paid by the employer to the employee to cover certain expenses, whether personal or for the performance of his duties. These allowances are generally taxable and should be included…

What is the new tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

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Tax Rebate

The central government introduced a new tax regime with concessional tax rates under the section 115BAC in the 2020 budget. Therefore, In the income tax regime of UnionBudget 2023, the government has made the following important changes for the financial year (F.Y) 2023-24: Therefore, Complete exemption from income tax up to Rs. 7 lakhs has been provided under the new tax regime under Section 87A of the Income-tax Act, 1961. In other words, Limits on tax exemptions under the old tax system for the 2023-24 tax year Limits on tax exemptions under the new tax system for the 2023-24…

Income Tax Exemption from income on salary with Auto Calculated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023

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Tax Rebate

 Income Tax Exemption from Income on Salary |Housing Allowance-HRA [Section 10(13A) and Rule 2A]. Prescribed special grants which are exempt to some extent – Section 10(14). Entertainment exemption, Exemption in case of certain individuals You may also like-Download and Prepare at a time 50 Employees Form 16 Part B for the Financial Year 2022-23 Therefore, Grants that are fully taxable An allowance is a fixed monetary amount paid by the employer to the employee to cover certain expenses, whether personal or for the performance of his duties. These allowances are generally taxable and should be included…

Download Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 with Deduction from Salary Income (Section 16)

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ARREARS RELIEF

 Download Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 with Deduction from Salary Income (Section 16). According to Section 89(1) of the Income Tax Act, 1961, relief for income tax is available in the financial year when the salary is received or received in advance. Therefore, Under Rule 21AA of the Income Tax Rules, 1962, Form 10-E is filed for claiming relief. In other words, According to the Act, either a public servant or an employee of a society, co-operative society, local authority, university, institution,…

Non-Taxable Income- Big Update! The 5 Income Tax Exempt, Income Tax Dept Gives Exemption, Know What Tax-Free Earnings Are

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Tax Slab for A.Y. 2023-24

Non-Taxable Income- Big Update! The Income Tax Department in India does not levy any tax on income earned through other services. But that has different features and limitations. As the deadline for filing income tax returns approaches, it’s important to know. Tax-Free Income: Every income taxpayer is always looking for ways to save on income tax. For this, he takes measures other than investing in various schemes. But, did you know that there are 6 types of income that you don’t have to pay tax on? As the deadline for filing income tax returns…

Download Income Tax Preparation Software in Excel for F.Y 2023-24 and A.Y 2024-25 with Section 80GG: Deduction on payment of rent.

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80TTA

Download Income Tax Preparation Software in Excel for F.Y 2023-24 and A.Y 2024-25 with Section  80GG: Deduction on payment of rent. Download Automated Income Tax Preparation Excel-Based Software All in One for the Government & Non-Government (Private) Employees for the F.Y.2023-24 and A.Y.2024-25 Features of this Excel Utility:- 1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime) 2) This Excel Utility has an option where you can choose your option as a New or Old Tax Regime 3) This…

The changes to the income tax rules are big! Check the list of A.Y.2024-25 with automatic income tax calculation preparation software in Excel for Government and Non-Government employees for the tax year 2023-24 and A.Y.2024-25

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Tax Slab for A.Y. 2023-24

The changes to the income tax rules are big! See listing for A.Y.2024-25 | There are several changes to  the income tax rules that are in effect as of this fiscal year. Changes in the income tax slab to a high  tax deduction cap, and the absence of LTCG tax benefits in certain debt mutual funds are some of the  main changes w.e.f. 1st April 2023. 1) The new income tax system will be the default system From the 1st of April 2023, the new income tax system will be treated as the default…

Can you get tax deductions for HR and home loans at the same time? With Automatic Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

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80D

Can you get tax deductions for HR and home loans at the same time? House Rent Allowance (HRA) is an allowance provided by employers to cover the cost of rented accommodation. The Income Tax Act allows exemption from HR if the employee lives in a rented house. In addition, the law allows an individual taxpayer to deduct the interest paid on his home loan. This discount applies to home loans for the purchase, construction, renovation, or reconstruction of residential property. As per the Income Tax Act. Entitled taxpayers to get benefits both Home Rent Allowance (HRA) and interest…