Download Auto Calculate 50 Employees Master of Form 16 Part B for the F.Y.2023-24 and A.Y.2024- 25 with new income tax blocks for FY 2023-24, discounts: Therefore, Finance Minister Nirmala Sitharaman amended the new income tax plan blocks while presenting the 2023-23 Union budget to make it more attractive. She also announced that the new income tax system will be the default option for taxpayers, starting in the 2023-24 tax year. In other words, However, The new tax year will begin on April 2, 2023. Apart from announcing new slabs in the new income tax…
Tag: Income Tax Slab for the Assessment Year 2024-25
Tax calculator in Excel for Assessment Year 2024-25 with a standard deduction of Rs 50,000, in new and old tax regimes as per the 2023 budget.
Tax Calculator in Excel for Assessment Year 2024-25. As announced in the Union Budget 2023, the benefit of the standard deduction for taxpayers has been increased in the new regime. Self-employed people, pensioners, and family pensioners can now benefit from standard deductions under the new regime. You may reduce your tax burden to claim deductions Under Section 80C. It allows deductions up to Rs 1.5 lakh for investments in various instruments like Public Provident Fund (PPF), Equity Lied Savings Scheme (ELSS), National Pension System (NPS), Tax-saving Fixed Deposits (FD), and others. Next to the common section…
DOWNLOAD THE INCOME TAX CALCULATOR FOR THE A.Y.2024-25 WITH INCOME TAX READY RECKONER FOR F. Y. 2023-24 (A.Y. 2024-2025)
DOWNLOAD THE INCOME TAX CALCULATOR FOR THEA.Y.2024-25 WITH INCOME TAX READY RECKONER FOR F. Y. 2023-24 (A.Y. 2024-2025). A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.:- (NOTE: The Budget of 2023 has made the New Tax Regime u/s 115BAC a “Default Regime” and the Old Tax Regime has become “Tax Inefficient” for Assessees (other than having brought forward and carried…