Tag: Download Income Tax Arrears Relief Calculator for the A.Y.2024-25

Easy Tax Saving Tips with Automatic Income Tax Preparation Software All in One in Excel for the Non-Govt Employees for F.Y.2023-24

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Introduction In today’s busy world, it’s important to manage your money well. One big part of that is making sure you don’t pay too much in taxes. In this article, we’ll share simple tips for saving on taxes. Therefore, By the end, you’ll have a better idea of how to handle taxes and keep more money in your wallet. In other words, Understanding Taxes Know Your Tax Rate  Before we get into saving money, let’s figure out your tax rate. Different incomes have different tax rates, so let’s start there. Use…

Relief for taxpayers who marginally earn more than Rs 7 lakh as per Budget 2023 | With Auto Calculate Income Tax Preparation Software All in One for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25

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Relief for taxpayers who marginally earn more than Rs 7 lakh as per Budget 2023| People earning income marginally above the maximum tax of Rs 7 is required to pay tax only on differential income.  Providing relief to taxpayers opting for a new tax system, the government amended the Finance Bill 2023 and passed it in the Lok Sabha.  Explaining the clause, the Finance Ministry said that under the new tax regime effective from April 1, if a taxpayer has an annual income of Rs 7 lakh, he is not taxed. But if you have…