• 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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Income Tax Calculator All in One for the Private Employees for F.Y. 2021-22 with a comprehensive list of budgets 2021

Income Tax Calculator All in One for the Private Employees for FY2021-22 with a comprehensive list of Budgets 2021  Union Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament on Monday (2nd February 2021). The Finance Minister gave a big boost to the healthcare and infrastructure sector in the 2021 Union Budget. There has been no change in…

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How to Calculate Taxability of Interest on Access to Contribution EPF/GPF/VPF- With Automatic Form 16 for the F.Y.2020-21

How to Calculate Taxability of Interest on Access to Contribution – New Threshold Limit and Assumption of Tax Computation   1. Additional tax interest on additional PF contributions dated 11.02.2021 of in this article, to explain the new threshold of tax exemption and the method of tax calculation. 2. The government has increased the threshold for deposits in the Provident Fund by Rs 5 lakh per…

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New Form 16- You must know the important changes of Form 16| With Automatic Income Tax Revised Form 16 for the F.Y.2020-21 as per U/s 115 BAC

New Form 16- You must know the important changes of Form 16 The Form 16 format has been modified by the Income Tax Department (CBDT) and it was already continued from 12th May 2019. The format mentioned in the notification will be effective from May 12, 2019, which is well before the last date for issuing Form 16…

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Automatic Income Tax Form 16 Part B for F.Y.2020-21 along with tax plan for individuals under Income Tax Act for the F.Y.2021-22

Tax plan for Individuals under Income Tax Act for the F.Y.2020-21, Paying taxes is an important responsibility of an individual towards a nation, but at the same time, through financial planning, you can save your taxes while performing your duties using tax-saving schemes provided by the government.  Tax planning is an integral part of financial planning that helps reduce…

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Tips for saving income tax in F.Y 2021-22 along with Automatic Income Tax Revised Form 16 in Excel for the F.Y.2020-21

Tips for saving income tax in F.Y 2021-22. This article discusses some tax-saving tips. These tips may help to that every taxpayer must explore to save some income tax. All of us want to save as much money as possible if it is legally correct. When it comes to saving money for taxpayers, how to save income tax is one…

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