Tag: Income Tax Return filing

Download Automatic Income Tax Calculator All in One with Form 10E in Excel for the Govt and Non-Govt Employees for the F.Y.2025-26

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Four Critical Changes in Income Tax Act: Standard Deduction, UPS, Income Tax Search, and Other Changes to be Applicable in FY 2025-26

Are you tired of juggling complicated tax rules and manual calculations? Tax season doesn’t have to feel like solving a Rubik’s Cube anymore. If you’re a government or non-government employee preparing for the Financial Year 2025-26, we have just the tool to make your life easier: the Automatic Income Tax Calculator All in One with Form 10E in Excel. Imagine having a virtual assistant who knows all the tax rules, crunches the numbers, fills out Form 10E, and does it all with just a few clicks. Sounds dreamy, right? Well,…

Download Automatic Non-Government Employees Income Tax Calculator All in One in Excel for the F.Y. 2025-26

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Four Critical Changes in Income Tax Act: Standard Deduction, UPS, Income Tax Search, and Other Changes to be Applicable in FY 2025-26

Filing income tax can feel like solving a puzzle with missing pieces, especially for salaried employees in the private sector. Every year, tax rules change slightly, forms are updated, and deductions are revised. But what if you could make the entire process easier — maybe even automatic? That’s exactly what the Non-Govt Employees Tax Calculator All in One in Excel for the F.Y.2025-26 is designed to do. This simple, smart Excel tool takes the stress out of tax calculations and ensures accuracy with just a few inputs. Let’s break down…

Who Must File an ITR? | When Is ITR Filing Mandatory? With Automatic Income Tax Preparation Software All-in-One in Excel for Govt and Non-Govt Employees for the F.Y. 2025-26

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Four Critical Changes in Income Tax Act: Standard Deduction, UPS, Income Tax Search, and Other Changes to be Applicable in FY 2025-26

Filing your Income Tax Return (ITR) might seem like a chore, but it’s a crucial step in staying financially secure and legally compliant. Even if you’re not under a legal obligation, filing an ITR opens up numerous financial benefits. Think of it as a safety net—one that can support you during loan applications, visa processes, and even in getting refunds. 📌 Mandatory Scenarios for Filing ITR 1. Your Income Crosses the Basic Exemption Limit When your total gross income surpasses the exemption limit, filing your ITR becomes mandatory. Exemption Thresholds…

Download Automatic Income Tax Calculator All in One in Excel for the All Salaried Employees for the F.Y.2024-25 as per Budget 2024

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New Slab

Are you ready to tackle your taxes with ease? Say goodbye to the headache of manual calculations and cumbersome spreadsheets. Introducing the Automatic Income Tax Calculator All in One in Excel for both government and non-government employees, tailored specifically for the Fiscal Year 2024-25 as per Budget 2024. Whether you’re a seasoned tax filer or a newcomer to the process, this tool is designed to streamline your tax preparation journey. Table of Contents Sr# Headings 1 Understanding the Importance of an Automatic Calculator 2 Key Features of the Automatic Income…

Tax benefits to the Senior Citizen as per Income Tax Act with Auto Calculate Income Tax Preparation Software All in One in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

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Senior Citizen

 Tax benefits to the Senior Citizen as per Income Tax Act | These articles discuss the income tax benefits available to senior citizens. A person becomes old under the Income Tax Act after completing 60 years or at least one day. After he reaches the age of 60, old age status gives him relief in that financial year. There are few income tax benefits for the Sr.Citizen. They are listed below: The Sr. Citizens between the ages of 60 to 80 Years and Very senior citizens above 80 Years are granted higher deduction limits than regular taxpayers.…

Download Automatic 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 with Tax exemption on Leave Encashment

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Leave Encasement

 Download Automatic Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 | CBDT (Central Board of Direct Taxes) see your notification S.O. 2276(E) of May 24, 2023, Therefore, increased the maximum amount your employees are entitled to receive as  In other words, Leave Encashment to pay the equivalent (vacation replacement) with respect to the period of your credit leave at the time of your retirement, whether pensionable or otherwise up to Rs. 25,00,000 (twenty-five lakhs rupees only) and the same is effective from 1st April 2023 Definition of Leave Encashment pay: – According…

Download Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 with Income tax reduction under old and new tax regimes

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Tax Rebate

Download Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 | Similarly, A tax credit is a tax refund if an individual’s tax liability is less than the tax paid. That is, through the deduction, the individual gets back the entire tax amount at the end of the year. This means that the discount is different from the basic rejection threshold. Therefore, Tax allowance according to the tax regime Exemption threshold till 2022-23 financial year under old and new tax regimes. Taxpayers opting for any scheme till this financial year will…

Download Auto Calculate Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 and Know How to save income tax on your salary?

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Tax Slab for A.Y. 2023-24

Download Auto Calculate Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 | Tax planning for salaried employees is all about planning and discipline. Every salaried employee has some questions in his mind, Therefore, How reduce the Tax on my salary? Why does most of my salary go to taxes? How to reduce your tax burden? Can I deduct taxes in excess of 80C, 80D, and HRA? Are there any secret ways to save tax after 1,50,000? How can I reduce the tax on my salary earned?…

Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private or PSU) Employees for the F.Y.2023-24 and A.Y.2024-25 with Tax planning on investments under section 80C.

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Tax Slab for A.Y. 2023-24

Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private or PSU) Employees for the F.Y.2023-24 and A.Y.2024-25 | Section 80C of the Income Tax Act of India is a provision that allows individuals to claim deductions on investments and expenses. It is one of the most popular tax-saving options for individuals in India. Section 80C allows taxpayers to reduce their taxable income by investing in eligible instruments or making certain payments. Therefore, The maximum deduction available under section 80C is 1.5 Lakh per financial year. In other words, This means that individuals can reduce their taxable income by up to…

How to file 10E in the new income tax portal? With Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2023-24

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Tax Slab for A.Y. 2023-24

How do file 10E in the new Income tax portal? Filing income tax returns is an important responsibility  for every income earner in India. It is a legal requirement to ensure that the government accurately  assesses the tax liability of individuals and to prevent tax evasion. We discuss how to file Form 10E on  the new income tax portal. Therefore,  With the introduction of the Income Tax Portal in 2021, tax returns have become faster and more efficient. What is Form 10E? In other words, Income Tax Form 10E is a declaration form that…