• October 18, 2021
87 A deduction

Income tax benefits are available for education. With Auto-Fill Income Tax Preparation Software in Excel All in One for the Govt and Non-Govt Employees for the F.Y.2021-22

Income tax benefits are available for education. The pace of geometric progress in education has the potential to improve the quality of life of individuals. The government provides some relief to the taxpayers in this case. Let’s discuss with education the benefits available under the Income Tax Act of India. Exemption under Section 80C for the cost of full-time…

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80C

Automated Income Tax Preparation Software in Excel for Non-Government (Private) Employees for the F.Y.2021-22 with 80GG – Deduction in paid House Rent.

80GG – Deduction in paid House Rent. Deduction under Chapter VI-A of the 80GG as per the Income-tax Act, 1961. It has been introduced to provide relief to people who do not receive any house rent allowance but are paying rent for living. Thus, a person can claim a discount for the rent paid even if he does not…

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Section 80C Exemptions| With Automated Income Tax Preparation Software In Excel for the All Government and Private Employees for the F.Y.2021-22

Section 80C Exemptions | To persuade citizens to invest in various ways, the government allows  exemptions during the calculation of income tax. Therefore, the most popular ones fall under Section 80C.  Here is a guide.  In other words, A person’s total income is calculated by adding the income he earns from different sources. Excluding names is a specific…

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How to choose New or Old tax regime as per 2021| With Auto-fill Income Tax Revised Form 16 Part B for the F.Y.2020-21 as per U/s 115 BAC

How to choose New or Old tax regime as per 2021| With Auto-fill Income Tax Revised Form 16 Part B  for the F.Y.2020-21 as per U/s 115BAC How to choose New or Old tax regime as per 2021|The Finance Bill 2020 gives individuals, HUFs, business owners and/or professionals the opportunity to make discounts for the 2021-22 financial year. However, this…

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Download and Get ready at a time 50 or 100 Employees Form 16 Part A and B or Part B for the F.Y.2020-21 according to New and Old tax regime U/s 115 BAC

Download and Get ready at a time 50 or 100 Employees Form 16 Part A and B or Part B for the F.Y.2020-21. In the financial year, 2019-20 has corrected the arrangement of Form 16 by the CBDT (Focal Leading body of Direct Taxes) that is the ‘pay TDS authentication.” This new Format can break the tax-vindicated rewards in nuances…

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Changes to EPF and ULIP tax rules from the F.Y.2021 | With Automated Income Tax Preparation Software in Excel for the Govt & Private Employees for the F.Y.2021-22 as per Budget 2021

Changes to EPF and ULIP tax rules from the F.Y.2021 |The Union Budget 2021 is hailed as the best budget in recent history. And for a good reason. With its focus on growth and a clear roadmap on how this growth will be achieved and financed, the government seems to have enacted a well-balanced law. The budget sighed for the…

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Chapter VI A exemptions for Tax Savings F|Y 2021-22 With Automated Income Tax All in One Calculator for the F|Y 2021-22

Chapter VI-A Exemptions for tax savings as per Budget 2021 Today, in this article we are going to discuss all the exceptions of Chapter VI-A. This will clear up your doubts regarding the exemption under Section VI-A. This will be helpful for many of you because if you want to save tax on your total salary, it…

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Some top benefits in the income tax | With Automated Income Tax Preparation Software All in One fo the Govt. and Non-Govt (Private) Employees for F.Y.2021-22

Some top benefits in the income tax |Section 80C – Exemption on Investment The Customs 80C is one of the most popular and favorite categories among taxpayers, as it allows you to reduce taxable income by investing tax savings or bearing expenses. This allows a maximum deduction of Rs 1.5 lakh per annum from the total income of…

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Section 80 CCD: Deduction for NPS Contribution (Updated)| Automated Income Tax Calculator All in One for the Govt & Non-Govt Employees for the F.Y.2021-22

Section 80 CCD: Deduction for NPS Contribution |Chapter-A of the Income-tax Act provides for various exemptions for contributions to pension schemes. These exemptions are available under Section 80C, Section 80CCC, and Section 80CCD and can be claimed at the time of filing an income tax return. This article focuses primarily on exemptions approved under Section 80…

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

Income Tax Exemption Under ChapterVI A for Tax Saving for the F.Y.2021-22. Budget 2021: Significant income tax exemptions and rebates  What is the income tax exemption according to the income tax law? An exemption from an income tax perspective is an investment/expense that helps reduce the tax payable. Therefore, as a result of income tax deduction, your total income…

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