Keep in mind 5 thinks about the new and Old income tax regime U/s 115 BAC With the Auto Calculate Income Tax Preparation Excel Based Software All in One for the Government and Private Employees for the F.Y.2020-21 as per New and Old Tax Regime U/s 115 BAC for the F.Y.2020-21
1) Introduction of a new tax regime in Budget 2020 By now, you probably know the basics of the new income tax regime, but here is a quick recap for you. The new regime comes with reduced tax rates than the current one but without many deductions and exemptions. For instance, if you claim tax […]
Income Tax Exemption of House Rent Allowances With Automated Income Tax House Rent Exemption Calculator U/s 10(13A) in Excel
Salaried representatives structure the major portion of the general taxpayers in the nation and the commitment they make to the tax assortment is very huge. Income tax deductions offer a range of chances for sparing tax for the salaried class. With the assistance of these deductions and exemptions and, one could lessen his/her tax significantly. […]
Deduction U/s 16 with Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21
The income chargeable under the head “Salaries” is registered after making the following deductions under Section 16: 1. Standard Deduction; 2. Entertainment Allowance Deduction; and 3. Professional Tax. 1. Standard Deduction [Sec. 16(i)/(ia)] – • Standard deduction is Rs. 50,000; or • the Amount of Salary, Whichever is lower. 2. Entertainment Allowance [Sec. 16(ii)]- Entertainment […]
Section 24 (B) : All About Deductions From Home Loan With Automated Income Tax Preparation Excel Based Software All in One for the West Bengal Govt Employees for the F.Y.2020-21 as per New and Old Tax Regime U/s 115 BAC.
Possessing a home can be considered as one of the most desirable wishes for the greater part of us. In any case, given the soaring costs of houses in the metros and even in Level II urban communities, it has become increasingly hard for individuals to afford it. Therefore, the administration has concocted several key […]