Introduction The annual financial year brings the inevitable task of calculating income tax, a process that can be both time-consuming and complicated. Therefore, For government and non-government employees alike, the need for accurate tax calculations is essential. In the financial year (FY) 2024-25, using an automatic income tax calculator can significantly ease this burden. With […]
Calculate your Tax Burden for the F.Y.2024-25 and A.Y.2025-26 as per the Finance Budget 2024 by this Automatic Income Tax Calculator All in One in Excel for all Salaried Persons for the F.Y.2024-25
Tax season can be a daunting time for many of us. Whether you’re a seasoned professional or just starting out in your career, understanding your tax obligations is crucial. Fortunately, with the advancements in technology, calculating your tax burden has become more accessible than ever. In this article, Therefore, we’ll explore how you can effortlessly calculate […]
Benefits of Automatic Income Tax Arrears Relief under Section 89(1) with Form 10E for F.Y.2023-24
Introduction In the complex landscape of income taxation, one often comes across situations where they receive arrears or backdated payments. These scenarios can be perplexing, both in terms of understanding the tax implications and managing one’s finances. However, there’s a provision under Section 89(1) of the Income Tax Act that offers a sigh of relief […]
Non-Taxable Income- Big Update! The 5 Income Tax Exempt, Income Tax Dept Gives Exemption, Know What Tax-Free Earnings Are
Non-Taxable Income- Big Update! The Income Tax Department in India does not levy any tax on income earned through other services. But that has different features and limitations. As the deadline for filing income tax returns approaches, it’s important to know. Tax-Free Income: Every income taxpayer is always looking for ways to save on income tax. For this, […]
Deduction allowed between New and Old Tax Regimes for the Assessment Year 2024-25 as per the Budget 2023 with Auto Calculate Income Tax Preparation Software in Excel for Government and Non-Government Employees for the A.Y.2024-25
Deduction allowed between New and Old Tax Regimes for the Assessment Year 2024-25 as per the Budget 2023 with Auto Calculate Income Tax Preparation Software in Excel for Government and Non-Government Employees for the A.Y.2024-25 Deduction/Exemption Uner Section Old Tax Regime New Tax Regime Standard Deduction [Section 16(ia)] Available Available Leave ’travel concession section 10(5) […]
Section 80EE of the Income Tax Act with Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023
Section 80EE of the Income Tax Act | Section 80EE is a tax exemption provided under the Income Tax Act which is Rs. 50,000 a year with interest paid towards the purchase of your first home. Therefore, Budget 2023 under Section 80EE: When calculating the capital gain on the sale of a residential property, the owner’s cost of the property does […]
Download Auto Calculate Income Tax Preparation Software in Excel for all Salaried Persons for the F.Y.2023-24 and A.Y.2024-25 with Section 80TTA/80TTB- Exemption for interest earned
Download Auto Calculate Income Tax Preparation Software in Excel for the all Salaried Persons for the F.Y.2023-24 and A.Y.2024-25 Section 80TTA Therefore, Exemption for interest income on savings account After that, Section 80TTA allows HUFs or individuals to claim exemption up to Rs. 10,000 with interest earned in a savings account. In other words, A deduction is made on […]
Download Automatic 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 with Tax exemption on Leave Encashment
Download Automatic Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 | CBDT (Central Board of Direct Taxes) see your notification S.O. 2276(E) of May 24, 2023, Therefore, increased the maximum amount your employees are entitled to receive as In other words, Leave Encashment to pay the equivalent (vacation replacement) with respect to the […]
Download Auto Calculate Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 and Know How to save income tax on your salary?
Download Auto Calculate Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 | Tax planning for salaried employees is all about planning and discipline. Every salaried employee has some questions in his mind, Therefore, How reduce the Tax on my salary? Why does most of my salary go to […]
Download and Prepare at a time 50 or 100 Employees Form 16 Part A and B and Part B for the F.Y.2022-23 | You must check your Form 16 Part A and Part B before filing your Income Tax Return for the A.Y.2023-24
Download and Prepare at a time 50 Employees Form 16 Part A and B and Part B for the F.Y.2022-23 | You must check your Form 16 Part A and Part B before filing your Income Tax Return for the A.Y.2023-24| Therefore, Form 16 A.Y 2023-24: Salaried employees will receive Form 16 from employers this month. In this Form […]