Income Tax Preparation Excel Based Software for the Govt and Non-Govt employees for F.Y.2021-22 and everything about income tax medical facilities for F.Y.2021-22

80D

Automatic Income Tax Preparation Excel Based Software for the Govt and Non-Govt employees. Income tax deduction for payment of health insurance premium is defined under 80D 

Therefore, Section 80D of the IT Act provides a rebate of Rs 25,000 on premiums paid for insurance for the health of self, spouse and dependent children. 

The Income Tax Act commends people for buying health insurance by allowing them to deduct premiums on their insurance policies. In other words, Section 80D of the IT Act provides a rebate of Rs 25,000 on premiums paid for insurance for the health of self, spouse and dependent children. 

The paragraph allows for deductions for a premium up to a further Rs 25,000 paid for the health insurance policy of the assessee’s parents. It does not matter whether you are dependent on your parents or not. 

Automatic Income Tax Preparation Excel Based Software

For instance, Deduction for payment of premium for a health insurance policy if the parent is a senior citizen. However, Section 80D of the Income Act provides for an extended deduction of Rs. 50,000 if one of the assessee’s parents is a senior citizen. 

A person residing in India aged 60 years or above at any time in the relevant previous year is considered a senior citizen

Above all, Deduction in payment for preventive health examination 

The Rs 5,000 deduction is calculated within the overall limit of Rs 25,000 or Rs 50,000. 

Deduction in the cost of treatment

Section 80DDB is entitled to the deduction of Income Tax on the treatment of a person as per the Income Tax Act or at the expense of the dependent person. In addition, The cost of deduction can be taken for the actual amount paid or Rs 40,000, whichever is less. 

After that, The maximum discount for a senior citizen is Rs 1 lakh. 

Similarly, The amount of deduction will be reduced by the amount paid by an insurance company or by the amount paid by the employer.

A person with a disability who is a dependent cut for his treatment 

In conclusion, Discounts up to a maximum of Rs 75,000 will be allowed under the department. In case of severe disability, the maximum exemption limit is increased to Rs 1.25 lakh. Severe disability means where the disability percentage is 80% or more.

Automatic Income Tax Preparation Excel Based Software

Download Automated Income Tax Preparation Excel Based Software All in One for the Government & Non-Government (Private) Employees for the F.Y.2021-22 and A.Y.2022-23
 

Feature of this Excel Utility:-

1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)

2) This Excel Utility has an option where you can choose your option as New or Old Tax Regime

3) This Excel Utility has a unique Salary Structure for Government and Non-Government Employee’s Salary Structure.

4) Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2021-22 (Update Version)

5) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22

6) Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22

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