What is Form 16? Form 16 Parts, Types, Eligibility, and Benefits | Form 16 is a type of document issued by an employer to its salaried employees when they file their income tax return for a particular financial year. Form 16 Part B must be filled by the deductor U/s 203 of the Income-tax Act, 1961 if the […]
Download Automatic Income Tax Calculator All in One for West Bengal State Employees for the F.Y.2024-25 and A.Y.2025-26 as per Budget 2024
Are you a West Bengal State employee gearing up for the financial year 2024-25? Managing your income tax can be a hassle, but worry not! We’ve got you covered with the ultimate solution – the Automatic Income Tax Calculator All in One specifically designed for West Bengal State employees. Therefore, In this comprehensive guide, we’ll […]
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 […]
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, […]
Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 With Details of Section 115BAC of the Income Tax Act known as the new tax regime
Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 | Therefore, Section 115BAC of the Income Tax Act is known as the new tax regime| Those opting for the new tax regime should be aware of Section 115BAC of the Income Tax Act, 1961. Section 115 BAC […]
Download Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 with 6 major income tax rules have been changed for A.Y.2024-25
1) New income tax regime Download Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 | From 1 April 2023, the new income tax regime will operate as a tax default. Taxpayers will be able to choose between the following regimes. Salary and pensions: standard deduction of the new system for […]
Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023 with Auto Calculate Income Tax Software in Excel for the Non-Govt Employees for the A.Y.2024-25
Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023| A new and optional income tax regime was announced in the Union Budget 2023. Under this new regime, the income tax slab rates have been reduced significantly. However, denomination slab fees come at the expense of traditional income tax deductions that can be […]
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 Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 with Income tax reduction under old and new tax regimes
Download Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 | Similarly, A tax credit is a tax refund if an individual’s tax liability is less than the tax paid. That is, through the deduction, the individual gets back the entire tax amount at the end of the year. This means that […]