• 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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GPF

Download Auto-Fill Income Tax Preparation Software All in One in Excel for all State Govt and all Non-Govt Employees for the F.Y 2021-22 (A.Y 2022-23)

Download Auto-Fill Income Tax Preparation Software All in One in Excel for all State Govt and all Non-Govt Employees for the F.Y 2021-22 (A.Y 2022-23)  Every year taxpayers, especially salaried individuals, wait for the budget in the hope that some tax relief, additional tax deductions or income tax slabs will increase to reduce their total tax expense. You…

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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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Is it possible to get both of the Income-tax Exemptions from HRA and Home Loan Interest? With Tax Software in Excel

Is it possible to get both of the Income-tax Exemptions from HRA and Home Loan? Interest? The answer is yes if you do not “live” in your own home. In other words, if you work in “one city” and live in a rented house there and your own  house is in “another city” and it can be occupied or…

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Income tax benefits are available on home loans| With Automated Income Tax Preparation Software in Excel All in One for the F.Y.2021

 Income tax benefits are available on home loans. Taking out a home loan can help you save tax under  the provisions of the Income Tax Act, 1961. See the tax benefits available under the Act. There are 2 components to paying a home loan: 1. Principal and 2. Pay interest Since there are two different components to paying a…

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