Introduction The fiscal year 2023-24 presents taxpayers in India with a crucial decision: whether to opt for the new tax regime or stick to the old one. This choice can significantly impact your financial planning and tax liabilities. Therefore, To assist you in making the right decision, we will explore the differences, advantages, and disadvantages […]
U/s 80GG – Tax benefits on paid house rent for self-employed persons| With Income Tax Auto Calculate Arrears Relief Calculator U/s 89(1) from the F.Y.2000-01 to F.Y.2023-24
U/s 80GG – Tax benefits on paid house rent for self-employed persons. When it comes to tax deductions for people living in rented properties, there is good news for both salaried and self- employed people. While salaried taxpayers can claim a tax credit exemption (HRA), self-employed individuals are also subject to the tax exemption provision. Let’s explore […]
Understanding Income Tax Arrears Relief-A Comprehensive Guide| with Auto Calculate Form 10E for the F.Y.2023-24
Understanding Income Tax Arrears Relief: A Comprehensive Guide |In the realm of personal finance and taxation, navigating the intricacies of income tax can often be a daunting task. Therefore, One concept that individuals should be well-informed about is “Income Tax Arrears Relief.” This article aims to shed light on what income tax arrears relief entails, its significance, and how […]
Download Auto Calculate and Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 with Benefits to New Tax Regime U/s 115 BAC for the F.Y.2023-24 as per Budget 2023
Download Auto Calculate and Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 with Benefits to New Tax Regime U/s 115 BAC for the F.Y.2023-24 as per Budget 2023 |The Finance Bill 2023, presented by Mr. FM on February 1, 2023, proposes changes in the area of Personal Taxation to make the new 115BAC personal […]
Section 87A allowed the New Tax Regime up to Rs.25000/- as per Budget 2023| 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 as per Budget 2023
Section 87A allowed the New Tax Regime up to Rs.25000/- whose taxable Income is not above 7 Lakh as per Budget2023| If your taxable income is less than Rs 5 lakh in tax year 2022-23 (accounting year 2023-24), Therefore, you may be eligible for a tax rebate under Section 87A of the Tax Act of Income of 1961. This reduction can […]
What is the new tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25
The central government introduced a new tax regime with concessional tax rates under the section 115BAC in the 2020 budget. Therefore, In the income tax regime of UnionBudget 2023, the government has made the following important changes for the financial year (F.Y) 2023-24: Therefore, Complete exemption from income tax up to Rs. 7 lakhs has been provided under […]
Tax Exemption as per the old tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Software All in One for the Non-Govt Employees for the F.Y.2023-24
Tax Exemptions as per old tax regime for the F.Y.2023-24 and A.Y.2024-25 | When it comes to tax planning, deductions under Section 80C, 80CCC, 80CCD, and 80D are some of the most popular options for tax savings. These deductions allow taxpayers to reduce their tax base by investing in various financial instruments and insurance policies. You may also Download – Automated […]
What is the new tax regime for the F.Y.2023-24 and A.Y.2024-25 with Auto Calculate Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25
The central government introduced a new tax regime with concessional tax rates under the section 115BAC in the 2020 budget. Therefore, In the income tax regime of UnionBudget 2023, the government has made the following important changes for the financial year (F.Y) 2023-24: Therefore, Complete exemption from income tax up to Rs. 7 lakhs has been provided under […]
Income Tax Exemption from income on salary with Auto Calculated Income Tax Preparation Software in Excel for the Government and Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023
Income Tax Exemption from Income on Salary |Housing Allowance-HRA [Section 10(13A) and Rule 2A]. Prescribed special grants which are exempt to some extent – Section 10(14). Entertainment exemption, Exemption in case of certain individuals You may also like-Download and Prepare at a time 50 Employees Form 16 Part B for the Financial Year 2022-23 Therefore, Grants that are fully […]
Download Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 with Deduction from Salary Income (Section 16)
Download Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 with Deduction from Salary Income (Section 16). According to Section 89(1) of the Income Tax Act, 1961, relief for income tax is available in the financial year when the salary is received or received in advance. Therefore, Under Rule […]