8 Useful Income Tax Deductions for F.Y. 2022-23| The Income Tax Act sets out several income tax deductions that can be claimed when filing income tax returns. The total taxable income (after reducing any income tax deductions that have been claimed) would be taxed at the individual’s income tax rates. Therefore, The Income Tax Department of India encourages its citizens to make use of the various Income Tax Deductions, Income Tax Exemptions, and Income Tax Refunds allowed by the Income Tax Act. Incomes that help taxpayers to lower their taxes in India legally. 8 Useful…
Tag: Income Tax Calculator all in one for the West Bengal Govt Employees for the F.Y.2022-23
Deduction u/s 80TTA vs . 80TTB| With Auto Fill All in One Income Tax Preparation Software for Govt. and Non-Government Employees for F.Y.2022-23
Deduction u/s 80TTA vs . 80TTB|Currently section 80TTA provides Rs 10,000/- deduction to all individual/HUF taxpayers. Section 80TTA of the Income Tax Act, 1961 states: Deduction of interest on deposits and savings accounts. 80TTA. (a) As per the Banking RegulationAct, 1949 (10 of 1949) a banking company covered by the Banking Regulation Act, (including any bank or banking organization referred to in section 51 of that Act); (b) A cooperative society engaged in banking (including a cooperative land mortgage bank or cooperative land development bank); either (c) A post office as defined in clause (k) of section 2…
Exemption U/s 80C | With All-in-One Automated Income Tax Preparation Software in Excel for Non-Government Employees for Financial Year 2022-23
Exemption U/s 80C | Investment under Section 80C has two purposes: first, to make investments, and second, to save tax. Thus, the tax thus saved and the investments thus made can be used in the future. Miscellaneous funds under section 80C There are several investments under section 80C which allows the assessee to reduce his tax liability to Rs. 1.5 lac. These investments are as follows: Public Provident Fund Public Provident Fund or PPF Scheme is a long-term investment scheme backed by the Government of India. Also, one can invest in PPF by…
Download Auto-Fill Income Tax Preparation Software All in One in Excel for F.Y.2022-23 as per Budget 2022
Download Auto-Fill Income Tax Preparation Software All in One in Excel for F.Y.2022-23 as per Budget 2022| This software is simple and easy-to-use income tax software for salaried employees. This software for old and new tax systems was released in 2020. You can calculate your tax liability and identify taxable investment options and appropriate tax regimes for F.Y 2022-23. Therefore, The software is developed using Microsoft Excel. Simple code of Visual Basic & Excel formulas and functions are used to run this software. This Excel-based income tax software All in one, let us know…