Tag: #Income Tax Section 87 A

Exemption under section 87A | With Automatic Income Tax Form 16 Part A and B and Part B which can prepare at a time 50 Employees for F.Y.2021-22

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Exemption under section 87A. What is an exemption as well as deduction under Section 87A and who  are eligible for it? A person who is a resident of India and whose total income does not exceed Rs.  5.00.000 is entitled to claim an exemption under section 87A after deduction. Therefore, In other words, The exemption under section 87A is available as a tax liability deduction. Exemption under Section 87A 100% Income Tax. if the tax liability exceeds Rs. 5,000, the discount will not be available. However, Download and Prepare At a time 50 Employees Form 16 Part…

Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for F.Y.2021-22, with details of Income Tax Rebate 87 A

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Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees. Income tax rebate under section 87A for income up to Rs.5 lakh – has been explained Section 87A was first started in the Finance Act 2003 which was changed from time to time. Tax rebate is available for those whose income is not more than Rs 5 lakh at present The Income Tax Slab Rate has not changed by the Finance Budget 2021  At the same time, however, subsequent governments have proposed tax breaks for taxpayers up to a certain income limit.…