Introduction
Have you ever wondered if you’re paying more income tax than you should? You’re not alone. With Budget 2025, the Indian Government is pushing for simplicity, transparency, and more take-home income through the New Tax Regime. But many still struggle with choosing the right tax structure and calculating accurate tax returns.
This is where the Automatic Income Tax Preparation Software All in One in Excel steps in. Whether you’re a government or non-government employee, this tool, along with Form 10E, ensures you save time, avoid errors, and maximise benefits.
Let’s unpack everything you need to know—without the jargon.
Table of Contents
| Sr# | Headings |
| 1 | What is the New Tax Regime in Budget 2025? |
| 2 | How Does the New Tax Regime Differ from the Old One? |
| 3 | Who Should Opt for the New Tax Regime? |
| 4 | Key Benefits of New Tax Regime for As per Budget 2025 |
| 5 | Income Tax Slabs Under New Tax Regime 2025 |
| 6 | Automatic Income Tax Preparation Software – An Overview |
| 7 | Form 10E and Its Importance |
| 8 | How This Software Helps Government Employees |
| 9 | How It Benefits Non-Government Employees |
| 10 | Step-by-Step: Using Excel-Based Tax Software |
| 11 | Avoiding Errors with Auto Tax Calculation |
| 12 | Real-Life Example: Tax Saving Made Easy |
| 13 | Where to Download the Excel Tax Software |
| 14 | Tips for Filing Form 10E Correctly |
| 15 | Conclusion and Final Thoughts |
1. What is the New Tax Regime in Budget 2025?
The New Tax Regime is a simplified structure introduced by the Government to reduce income tax rates while removing most deductions and exemptions. It aims to make taxation easier and more transparent.
2. How Does the New Tax Regime Differ from the Old One?
The Old Regime offers deductions under Section 80C, HRA, LTA, etc. In contrast, the New Regime removes these deductions but offers lower tax rates. It’s like choosing between an à la carte menu and a buffet—fewer options but more direct benefits.
3. Who Should Opt for the New Tax Regime?
This regime is ideal for individuals who:
- Don’t have many tax-saving investments.
- Prefer lower rates over claiming deductions.
- Want a hassle-free filing experience.
4. Key Benefits of New Tax Regime as per Budget 2025
Lower Tax Rates: Reduced slabs make taxes lighter.
Simplified Filing: Fewer documents and calculations.
No Need for Investments: You’re not bound to invest just to save tax.
More Take-Home Pay: Less tax = more in your pocket.
Transparent Rules: Easy to understand and apply.
5. Income Tax Slabs Under New Tax Regime 2025
| Annual Income | Tax Rate |
| Up to ₹3,00,000 | 0% |
| ₹3,00,001 – ₹6,00,000 | 5% |
| ₹6,00,001 – ₹9,00,000 | 10% |
| ₹9,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
These updated slabs reflect the new budget’s goal: reward earners while simplifying the system.
6. Automatic Income Tax Preparation Software – An Overview
This All-in-One Excel Software is pre-programmed with tax formulas, slabs, Form 10E links, and return formats. It calculates your tax liability in minutes with just basic inputs.
Features include:
- Auto calculation based on the New/Old regime.
- Form 10E generation.
- IT declaration sheet.
- Salary structure input sheet.
7. Form 10E and Its Importance
Form 10E is essential if you’re claiming tax relief under Section 89(1) for salary arrears. Without it, your claim may get rejected by the Income Tax Department.
The software includes a ready-to-fill Form 10E template. Just enter the values, and it does the rest.
8. How This Software Helps Government Employees
For government employees, the Excel tool:
- Accounts for pension, HRA, LTC and other components.
- Handles arrear calculations and relief.
- Saves time spent on paperwork and complex deductions.
No more relying on office staff or chartered accountants.
9. How It Benefits Non-Government Employees
If you work in the private sector, this software:
- Incorporates bonuses, performance pay, and ESOPs.
- Helps with Form 10E when there’s salary restructuring.
- Ensures quick filing and minimal document hunting.
It’s like having a virtual tax consultant in your laptop.
10. Step-by-Step: Using Excel-Based Tax Software
- Download the tool from the link below
- Open in Excel and enable macros.
- Choose Tax Regime – Old or New.
- Enter Income Details – Salary, bonuses, etc.
- Input Deductions (if opting for Old Regime).
- Click “Calculate” and get instant tax figures.
- Generate Form 10E if relief is applicable.
11. Avoiding Errors with Auto Tax Calculation
Manual errors can lead to:
- Wrong tax payments
- Notices from IT department
- Delayed refunds
The automatic calculator ensures accuracy by:
- Eliminating formula mistakes
- Auto-validating your inputs
- Following the current Budget 2025 rules
12. Real-Life Example: Tax Saving Made Easy
Meet Rahul, a software engineer earning ₹10 lakhs/year. By switching to the New Tax Regime and using Excel Tax Software, he saved ₹18,200 in taxes and avoided the confusion of deductions.
A 5-minute task saved him hours of paperwork.
13. Where to Download the Excel Tax Software
You can download reliable versions of this software from trusted platforms like:
- www.itaxsoftware.net
- www.incometaxindia.gov.in (official resources)
Make sure the software is updated for F.Y. 2025-26 and compatible with your Excel version.
14. Tips for Filing Form 10E Correctly
- File Form 10E before filing your return.
- Match values with the arrear calculation in Form 16.
- Save a copy for future reference.
- Use the auto-fill template in the Excel tool for accuracy.
15. Conclusion and Final Thoughts
Choosing the New Tax Regime isn’t just about rates—it’s about simplicity and empowerment. With Budget 2025’s new provisions and tools like Automatic Excel Tax Software, both government and private employees can file smartly and save big.
So why wait? Give yourself the gift of clarity this tax season.
FAQs
1. Can I switch between the New and Old Tax Regime every year?
Yes, salaried individuals can switch each financial year. However, business owners have stricter rules.
2. Is Form 10E mandatory under the New Tax Regime?
Form 10E is needed only when claiming relief under Section 89(1), typically for salary arrears.
3. Can this Excel Tax Software be used without the internet?
Yes, once downloaded, the tool works offline. However, updates may require connectivity.
4. Is the New Tax Regime beneficial for senior citizens?
It depends on their deductions. Those without many exemptions may benefit from lower rates.
5. Can the same software handle both Govt and Non-Govt salary structures?
Absolutely! It is designed to accommodate multiple income sources and job profiles.
Download Automatic Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees with Form 10E for the F.Y. 2025- 26
