Which is better between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? Now is the time for many participants; Salaried individuals, in particular, have to choose between opting for the New Tax Regime or continuing with the Old Tax Regime. Through this article, the author wants to help them in their decision-making process. Therefore, There is […]
New income tax regime disallowed deductions |With Auto Calculate Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023
New income tax regime disallowed deductions| Below is a list of key tax deductions that are claimed under the current tax regime but not under the new income tax regime: Therefore, • Exemptions under Section VI-A, ie Section 80C; 80CCC; employee contribution 80CCD; 80D; 80DD; 80DDB; 80E; except under 80EEA, 80CCD(2) and 80JJAA; • Interest on home loans […]
The new tax regime for senior citizens: Income tax calculator for the tax year 2023-24 in new and old tax regime with tax slabs and tax exemptions as per Budget 2023
The New Tax Regime for Senior Citizens: as per the Union Budget, 2023, the Government has modified the income tax slab rates for taxpayers under the New Tax Regime. Therefore, New tax regime for senior citizens: Through the Finance Bill, 2023, the Government has revised the income tax rates under the new tax regime for taxpayers, including senior citizens. Now […]
New and old tax regimes? If the tax collection is below this break, the new tax regime is better| With Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private) Employees for the F.Y.2023-24 and A.Y.2024-25
New and old tax regimes? The new regime will be benefited those who are less invested to claim in any scheme, while the old regime will be benefited eligible taxpayers like that HRA, health insurance, home insurance, PPF, etc. This will be more beneficial to claim such deductions or exemptions. Therefore, As the financial year begins, one […]
Download Excel-based software all-in-one for the Government and Private employees for F.Y. 2023-24 and A.Y. 2024-25 with exemptions and deductions not claimable under the scheme’s new taxation
Download Automatic Income Tax Calculation Software based on Excel all in One | The following are some of the major deductions and exemptions you can’t claim under the new tax system: Therefore, Exemptions and deductions are available under the new regime for the Financial Year 2023-24 as per the Budget 2023 In the new tax regime […]
Which is better- the old or the new tax? With Auto Calculate Income Tax Preparation Excel-Based Software All in One for the Non-Government (Private) Employees for the F.Y.2023-24 and A.Y.2024-25
Which is better- the old or the new tax regime? Therefore, The Budget 2023 for the current financial year brought a major change for the assessee by introducing the new tax regime as voluntary compliance for all taxpayers. However, Although a private individual can choose to switch to the old tax regime if he/she wishes. In other […]
How to pay less tax in F.Y. 2023-24| With Auto Calculate and Auto Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 with Form 10E
How to pay less tax in F.Y. 2023-24| The beginning of the new tax year is a good time to reassess your finances and also explore possible changes that can help you save taxes and maximize your wealth. The growing season is about to begin. While a higher salary is always good news, it comes with the […]
Budget 2023- Key points of taxation- Old vs. New tax regime | With automatic calculation all-in-one self-preparation Excel-based software for government and non-government employees for F.Y.2023-24 and A.Y.2024-25
Budget 2023- Key points of taxation- Old vs. New tax regime | The Union budget for 2023 was presented in Parliament today, on February 1, 2023, the Finance Minister proposed five important announcements for taxpayers: 1. Zero taxes, up to Rs of income. 7 lakhs (after U/S 87A discount) 2. Six rental plates and new tax rates 3. Standard deduction of Rs. 52,500/- […]