• October 18, 2021
87 A deduction

Section 80 Income tax deduction. With Automated Income Tax Preparation Excel Based Software for the West Bengal Govt Employees for the F.Y.2021-22

Section 80 Income tax deduction. Worried about paying huge taxes every year? Learn about these deductions that can reduce your taxes. Section 80C – Decrease in investment from taxable income Some of your investments give you more than you expected. You can also save on taxes. Section 80C investments are an important example of such investments.…

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Housing loan and deduction of the principal of the interest portion | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22

Housing loan and deduction of the principal of the interest portion. Tax benefits on housing. In this article, Therefore,  you can get full details of principal waiver of housing loan and its interest such as – waiver under section 80C (for repayment of principal only), full details of section 24 (for part of full interest), a summary…

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Tax Saving Fixed Deposit| With Automated Income Tax All in One for the Govt & Non-Govt Employees for the F.Y. 2021-22 as per Budget 2021

Tax Saving Fixed Deposit | To encourage retailers to reduce the interest on fixed deposits, the Ministry  of Finance announced in 2006 Therefore, that all fixed deposits with a term of fewer than 5 years would be eligible  for exemption under Section 80C of the Income Tax Act. This type of fixed deposit is popularly known  as tax saving fixed deposit. …

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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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Exemptions U/s 80 E –Vs- EEA on Home Loan interest Along with Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for F.Y.2021-22(Updated Version)

Exemptions U/s 80 E –Vs- EEA on Home Loan interest which is benefited In this post, we will dive deeper into exemptions under the 80EEA of the Income Tax Department. What is Section 80EEA? Section 80EEA Additional Discount for Individuals for Paying Interest on Home Loans However, HUF, AOP, BOI, partnership firm or any other taxpayer is not…

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Tax rebate is available under section 87-A under new tax duty? With Automated Income Tax Arrears Relief Calculator U/s 89(1) along with Form 10 E for the F.Y.2021-22

Tax rebate is available under section 87-A under new tax duty? As per Finance Bill 2020, the margin limit of tax rebate was revised to Rs. 12,500 for F.Y.2016 / F.Y2017. This tax exemption is applicable if the taxable income of a person (resident including senior citizen) is less than or equal to Rs. 5 lakhs. Finance Bill…

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Auto Fill Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22 in Excel as per Budget 2021

Auto Fill Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22 in Excel as per Budget 2021 If you got any advance or arrears salary received from the department as well as your employer that affects your taxes and is reflected in the year of receipt. To alleviate the additional burden, the Income Tax Act allows tax exemption on arrears under Section 89 of…

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