Income Tax Exemption U/s 80GG | With Automated Income Tax Preparation in Excel for the Govt and Non-Govt Employees for the F.Y.2020-21
Income Tax Exemption U/s 80GG | Under the section, 80 GG, which is for claiming rent paid | Now who can claim tax deduction under Section 80 GG, it is for people who do not get HRA in their salary | It includes professionals and business people who do not get salaries | As such, […]
EPF or PPF or VPF Accounts: Which one is better? With Automated Income Tax Preparation Excel Based All in One for the Govt & Non-Govt Employees for F.Y.2020-21
EPF or PPF or VPF Accounts: Which one is better? EPF or PPF or VPF Accounts: Which one is better? EPF vs PPF vs VPF: Employees’ Provident Fund (EPF) and Public Provident Fund (PPF) is viewed as one of the most preferred retirement funds arranged investment choices in India. EPF is a good investment as […]
Newly Introduced In the Budget 2020 Form 10-IE To Select New or Old Tax Regime U/s 115 BAC For F.Y.2020-21
As per Budget 2020, taxpayers were given an opportunity (option) to choose between the old and new tax regime. In the new tax regime, taxpayers have an opportunity (option) to pay lesser tax on the complete income. That implies taxpayers won’t be permitted to guarantee the derivations and tax benefits in any case accessible in the old tax […]
Standard deduction Rs.50,000/- U/s 16(ia) – With Income Tax Preparation Software in Excel for the F.Y. 2020-21 as per U/s 115 BAC
The standard deduction U/s 16(1a) was reintroduced in the 2018 budget and amended in the 2019 budget, with the aim of replacing medical allowances and travel allowances for salaried employees. The standard deduction for salaried persons for 2012-2019 will take effect from 1st April 2019. It is allowed to deduct every penny for standard deduction […]