Income Tax Deductions U/s 80 CCD (1B)| Payment of income tax is required for every Indian citizen who has an income tax, in accordance with the rules and regulations of the Income Tax Act1961. But this does not mean that you have to pay tax on all the income you earn. . in this financial year. There are several provisions in […]
The five most important sections of income tax| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10-E from the F.Y.2000-01 to 2022-23
The five most important sections of income tax| Anyone who earns income in the state is responsible for paying income tax. The Income Tax Law consists of different articles that deal separately with various aspects of taxation in the country. In addition, this law also provides taxpayers with several income tax deductions that they can claim when filing their Income Tax Returns (ITR). Once […]
What is Form 16: Meaning of Part A and Part B with Autofill Income Tax Form 16 in Excel for the F.Y.2021-22
What is Form 16 – Meaning of Part A and Part B | Form 16 is an indispensable certificate issued by employers to their employees. Provides confirmation that the TDS has been deducted and filed with government agencies on behalf of the employee. Provides a detailed report of the compensation paid to the employee and the number of TDS deducted from […]
Section 80EE Income Tax Deduction for Interest on Home Loan with Automatic Income Tax Form 16 Preparation Excel Based Utility for the F.Y.2021-22
Section 80EE Income Tax Deduction for Interest on Home Loan | Section 80EE allows for income tax credits on a percentage of a home loan that is used by any financial institution. You may request a deduction of up to Rs 50,000 per fiscal year in accordance with this section. You can continue to claim this deduction until you repay the loan […]
Income Tax Section 80CCD With Autofill Income Tax Form 16 for the F.Y.2021-22
Income Tax Section 80CCD | The government imposes mandatory fiscal taxes or fees on the income of taxpayers, which is the source of government income for financing various government expenditures. This fee or financial charge is known as a tax. There are two types of taxes. The tax levied on corporate or individual income is a direct tax, while the tax levied […]
Standard Deduction U/s 16(ia) | With Automated Income Tax Form 16 Preparation Excel Based Software for the F.Y.2021-22
Standard Deduction U/s 16(ia) | Section 16 of the Income Tax Act 1961 provides for a deduction from income charged to tax under the heading “salaries”. Provides deductions for the standard deduction, leisure allowance, and occupational tax. Through this deduction, a salaried taxpayer can reduce his or her taxable salary income. Moreover, with recent modifications to the standard deduction, the interest of this […]
Tax Exemption on Interest U/s 80TTA | With Automatic Income Tax Form 16 for the F.Y.2021-22
Tax Exemption on Interest U/s 80TTA | We all have a tendency to check the amount of interest earned on savings accounts during the year, but do we know how this interest is calculated and the tax on interest on savings accounts that is due? In this article, we will try to give you an idea of […]
Section 80DD Tax Exemption for the People with Disabilities as per Budget 2022 | With AutoFill Tax Form 16 for the F.Y.2021-22
Section 80DD Tax Exemption for the People with Disabilities as per Budget 2022 | The Finance Act 2022 proposes an amendment to section 80DD to specify that the deduction will also be allowed when the scheme pays an annuity or lump-sum payment to a beneficiary who is a disabled dependent of the person during the life of the person upon reaching […]
Download Form 16
Download Form 16 1. Fundamentals of Form-16 As we discussed above, Form-16 is a certificate that is issued by the employer until June 15, after the end of the financial year. Form-16 has two parts: part A and part B. Note. If an employee loses the Form-16, he may request a duplicate of the Form-16. 2. […]
Income Tax Form 16 Download
Income Tax Form 16 Download | In accordance with the Income Tax Act, each employer is required to withhold tax (or TDS – deductible at source) at the time of payment of the salary, which is calculated on the basis of the income tax rates in effect for that financial year. Therefore, Companies usually calculate the tax […]