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