Salary exemption under Section 16 of the Income-tax Act, 1961 Section 16 of the Income Tax Act, 1961 deals with allowances and deductions on taxable wages. Under Article 16, salaried taxpayers and pensioners*, regardless of their tax status, can claim deductions from their taxable income. However, The section For instance, consists of three components – standard deduction under […]
Which is better, the new or old tax regime for salaried employees? With Excel-based automatic income tax preparation software for salaried employees for the financial year 2023-24 and assessment year 2024-25.
Which is better, the new or the old tax regime for salaried employees? Remember the new 2020 tax regime? If you missed it, now might be a good time to revisit it. The Union Budget 2023 re-introduced the new tax regime, making it superior to the existing one. Even if the old tax regime is in place, the incentives […]
Which is better between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? With Auto Calculate Income Tax Preparation Software in Excel for the All Salaried Persons for the F.Y.2023-24 and A.Y.2024-25
Which is better between the New and Old Tax Regime for F.Y.2023-24 and A.Y.2024-25? Now is the time for many participants; Salaried individuals, in particular, have to choose between opting for the New Tax Regime or continuing with the Old Tax Regime. Through this article, the author wants to help them in their decision-making process. Therefore, There is […]
Income Tax Section 80D for Old Tax Regime with automatic computation of U/s 89(1) Income Tax Arrears Relief Calculator with Form 10E for Financial Year 2023-24 and Assessment Year 2024-2024
Income Tax Section 80D for Old Tax Regime | The India Government has given various income tax deductions to facilities to that people to buy health insurance and take care of their health. But if you oft the new tax regime you are not eligible to avail of these benefits. If you choose the old tax regime, you can […]
Tax Exemption in different sections of Income Tax for the F.Y.2023-24 for the Old Tax Regime with Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25
Tax Exemption in different sections of Income Tax for the F.Y.2023-24 for the Old Tax Regime | A tax exemption is a benefit granted by the government to individuals or organizations to exempt some or all of their income from taxation. As per the Income Tax Act exemptions are provided under different sections in India. Including Sections 80C, 80D, 80E, 80G, and 80GG. These sections […]
Changes in the new tax regime: everything you need to know | Excel-based Income Tax preparation program for Non-Govt Employees (private) employees for F.Y.2023-24 and A.Y.2024-25
 Changes in the new tax regime: everything you need to know | A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts  for this regime, he will have to lose most of the benefits. Who can choose the new tax […]
Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E for the F.Y.2022-23
Income Tax Arrears Relief Calculator U/s 89(1) With Form 10E | What if they pay you late? If really, you may be worried about the tax consequences of it. Do you have to pay taxes on the total tax base? Shouldn’t something be said about last year’s tax checks and such? For taxpayers with these requests in mind here’s […]
Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23 with Section 80 CCD
Income Tax Arrears Relief Calculator U/s 89(1) | Paying taxes is part of adult life. Any citizen, who earns income above a certain threshold, whether through employment, a self-employed person or a the businessman will be liable for tax. But the schemes were announced by the Government of India. Not only does this help save taxes, but […]
Download Automatic Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
What is Section 89? Download Automatic Arrears Relief Calculator U/s 89(1) with Form 10 E | For the purposes of the Income Tax Law, income tax is levied on the total income earned or received during the previous year by the taxable person. There are cases when past debts are paid to an employee in the […]
Home loan in case of joint ownership | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23
Home loan in case of joint ownership: If the mortgage is taken out for the purpose of buying, building, renovating, renovating, or renovating, interest is allowed under section 24 of the Income Tax Act of 1961. However, if the property is owned by a co-owner, the Home Loan Interest deduction is allowed if the property is jointly owned […]
