Is Sec 87A Tax Rebate Accessible under New Tax Regime? With Automated Income Tax Revised Form 16 F.Y. 2020-21

Sec 87A Tax Rebate Accessible under New Tax Regime? According to the Finance Bill 2019, the threshold furthest reaches of tax rebate U/s 87A was reconsidered to Rs 12,500 for … Read More

Is NPS deduction allowed under the New Tax Regime? With Automated income Tax Revised Form 16 for the F.Y.2020-21

It is the most unique question, is NPS deduction can be allowed under the new tax regime? Let’s make out about this topic.  In the budget, 2020, you have to … Read More

Tax Exemption of Health Insurance U/s 80 D F.Y 2020-21 With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21

Income Tax Exemption/Deduction Health Insurance U/s 80 D for the F.Y 2020-21. NOTE:- AS PER THE INCOME TAX NEW SECTION 115 BAC, INTRODUCED IN BUDGET 2020 AS NEW AND OLD … Read More

Section 80EEA Exemption for interest on a home loan with Automated Income Tax Revised Form 16 for F.Y.2020-21

Section 80EEA has been introduced in the July Budget 2019 with the goal of “housing for all”. the Government increased the benefit for the financial year 2019-20. The main purpose … Read More

CBDT Circular No.20/2020 Dated 03/12/2020 on TDS on Salary F.Y 2020-21

Consistently, CBDT issues a yearly circular around December/January to direct employers and employees to understand the different standards identifying with TDS on pay rates. Therefore the Circular is useful in … Read More

Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E for the F.Y.2020-21

If you get arrears of salary? If genuinely, you might be worried about the tax consequences of the same. Should you have to pay taxes on the total taxable amount? … Read More

Income Tax Preparation Excel Based Software All in One for the F.Y.2020-21 with tips U/s 115 BAC

Some Tips about New Section 115 BAC Budget 2020 has introduced a new Section 115 BAC which is a new tax Regime for individual updates and certain procedures and requirements … Read More

Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21

In Budget 2020 has introduced a new section 115 BAC. This Section has two options as Old Tax Regime and the New Tax Regime. You have an option for which … Read More

Automated Income Tax Revised Form 16 Part A and B and Part B for the F.Y.2020-21 as per new Section 115 BAC

In Budget of 2020 delivered a new phase of 115 BAC. In this section, you can opt as a new tax slab or old tax slab which called new and … Read More

All in One Tax Calculator in Excel for the F.Y.2020-21 with New Section 115 BAC

While under the old tax regime the salaried people can keep covering taxes, as they had been doing work now; under the new regime, they will be obligated to settle … Read More