• October 18, 2021
Income Tax New Slab Rate for F.Y.2022-23

NPS Tax Benefit F.Y 2021-22. With Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22

NPS Tax Benefit F.Y 2020-21. Effective from F.Y 2020-21, a separate tax assessor will have the option to take a new tax slab rate excluding existing income tax deductions and exemptions, such as HRA, Section 80C, home loan tax benefits, etc. So, to get the benefit of the new tax system below, which are optional, taxpayers have…

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Tax Exemption Chapter VI-A of the Income Tax Act: With Tax Software in Excel

Chapter VI -A of the Income Tax Act have the following sections: 80C: LIC Primum, provident fund (PF), equity shares or debentures, etc., the exemption limit is not more than Rs 1.5 lakh, including section 80CCC and section 80CCD(1). Is any rule like deductions should not be more than 2/3rd of salary?  Chapter V-A has various sub-sections…

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Income tax exemption is available for F.Y.2021-22. With Tax Software in Excel for F.Y.2021-22

Income tax exemption is available for F.Y.2021-22. The relief is given to the taxpayers by the government are reduced through which they can legally save their taxes through various platforms such as investing their money. Which are all the exemptions that can help us save our taxes? 1. Deduction U/s  80C Exemption from the 80 C is one of the most…

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Deduction under Chapter VI-A of the Income Tax Act| With Automated Income Tax Preparation Software All in One for the Govt and Non-Govt Employees for the F.Y.2021-22 as per Budget 2021

Deduction under Chapter VI-A of the Income-tax Act contains various sub-sections of section 80, Therefore,  which allow an assessor to claim a deduction from the total income due to various tax-saving In other words, investments, approved expenditures, grants, etc. Reduce taxes payable. Chapter VI of the Income Tax Act has the following sections: However, 80C: Deduction limit for life…

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Tax Exemption from Salary Arrears – Filing Form 10E in the new tax portal| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22 (Updated Version)

Tax Exemption from Salary Arrears | How to file Form 10E in the new tax portal Let’s try to  understand the calculation of arrears, relief dated 21.06.2021 on Sec 89 and how to file Form 10E to  New Income Tax Portal? 2. Illustration: Mr Pabir Mahato received arrears of salary in the financial year 2011-2012. The arrears are related…

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Download Auto Calculate Income Tax Salary Arrears Relief Calculator U/S 89 (1) from F|Y 2000-01 to F|Y 2021-22 with Form 10 E (Updated Version)

Auto Calculate Income Tax Salary Arrears Relief Calculator U/S 89 (1) from F|Y 2000-01 to F|Y 2021-22 with Form10E (Updated Version) Form 10E FAQs Question 1 What is Form 10E? A. Relief may be claimed in the amount of an advance in arrears or in the nature of salary| Section 89 To claim such relief, the assessor must file…

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New Tax Regime vs. Old Tax Regime: Which Is More For You? With Automated Income Tax Revised Form 16 for the F.Y.2020-21 as per U/s 115 BAC

New Tax Regime vs. Old Tax Regime: Which Is More For You? The 2020 budget has brought a number of changes to our tax system. The most significant change was the introduction of a new tax regime. However, this new tax system was optional. However, many taxpayers were still confused about which system they should follow. You may also,…

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Introduced a New Revised Format of Salary Certificate Form 16 by the CBDT| With Autofill Form 16 in Revised Format for the F.Y.2020-21

Introduced a New Revised Format of Salary Certificate Form 16 by the CBDT Vide Notification  No.36/2019/F Dated dated 12th April 2019| The Central Board of Direct Taxes (CBDT) has issued an  amendment to the Source of Annual Salary Tax Exemption Source  (TDS) certificate issued to employees in Form No. 16. Part B of Form 16, which provides details of  salary…

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How to reduce your income tax burden for the F.Y.2021-22| With Automated Income Tax Preparation Software in Excel All in One for the Govt & Non-Govt Employees for the F.Y.2021-22

How to reduce your income tax burden for the F.Y.2021-22| everyone wants to reduce income tax liability but most of them do not know how to reduce income tax liability legally. Some people know partial. As a result, they pay more taxes than they can save. In this article, I will try to help you reduce the…

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Home Rent Allowance Accounting and Taxability (HRA)| With Automated Income Tax Arrears Relief Calculator U/s 89(1) including Form 10 E for the F.Y.2021-22 (Updated Version)

Home Rent Allowance Accounting and Taxability. Calculation and taxability of house rent allowance (HRA). Today we are providing a premium guide on the calculation and taxability of house rent allowance (HRA). Now you can find the best notes for calculating home rent allowance. Calculation of house rent allowance [Section 10 (13A) and Rule 2A] and tax liability. How to…

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