What is the importance of Income Tax Form 16? With Automated Income Tax Revised Form 16 for the F.Y.2020-21 as per the U|S 115 BAC

What is the importance of Income Tax Form 16? Understand the details about the topic form 16. In this article first, discuss what is form 16, then its components and … Read More

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

Standard deduction Rs.50,000/- U/s 16(ia) – With Income Tax Preparation Software in Excel for the F.Y. 2020-21 as per U/s 115 BAC

The standard deduction U/s 16(1a) was reintroduced in the 2018 budget and amended in the 2019 budget, with the aim of replacing medical allowances and travel allowances for salaried employees. … 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

Excel-Based Income Tax Preparation Software – for the F.Y 2020-21

Excel-based Income Tax Preparation Software for the F.Y 2020-21–A.Y 2021-22 As per new and old tax regime U/s 115BAC In Budget 2020 introduced two tax systems, somehow benefit certain income … Read More

How to calculate your tax for the F.Y.2020-21as per Income Tax Act.

How to calculate your tax for the F.Y.2020-21 as per Income Tax Act. As per the new Budget 2020 introduced a new section 115 BAC, where given two option that … Read More

Employers everywhere start receiving the Form 16 during this time of the year. So what is Form 16? Form 16 is a TDS Certificate that contains details of TDS deducted … Read More