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

Exemptions under sections 80C, 80CCC, 80CCD and 80D for A.Y 2022-23. With Auto-Fill Income Tax Preparation Software All in One for the Govt and Non-Govt Employees for the F.Y.2021-22

Exemptions under 80C, 80CCC and 80CCD for F.Y 2021-22 or A.Y 2023-24 (with budget amendments). Deduction in Section 80C, 80CCC and 80CCD for F.Y 2021-22. Therefore, In this article, you can get a complete description of how you can avail of discounts under 80C by investing in government schemes. Now see more details for cutting under section 80C…

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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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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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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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Tax-exemption from income from the F.Y.2021-22| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2021-22

Tax-exemption from income as per Income Tax Act. Is there any section of income that is tax-free in  India? If so, please provide a general definition of this section. Some of the following items of compensation are not taxable: It may be noted that in the case where the person chooses the new tax system, Therefore, the person does…

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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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New and Old Tax Regime U/s 115 BAC and Options form 10-IE for the F.Y.2021-22

New and Old Tax Regime U/s 115 BAC and Options form 10-IE for the F.Y.2021-22. The Finance Act,  2020 introduces a new tax regime. Therefore, The finance minister has declared the Income new tax slab for the  F.Y.2021-22. Therefore, the Ministry has proposed two sections for the new tax slab: Section 115BAC: New tax rate for individual and HUF income…

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What is tax exemption under section 87A? With Automated Income Tax Preparation Software All in One in Excel for the F.Y.2021-22

What is tax rebate U/s 87 A as per Income Tax Act 1961? The government of a country imposes income tax on its citizens. The tax system for this purpose varies from country to country. In India, the system is progressive, Therefore, which means your income tax liability increases according to your annual income. The higher a person’s…

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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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