Category: Income Tax Exemption from Bank Savings Interest U/s 80TTA

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 […]

LTA – Tax benefits| With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2022-23

LTA – Tax benefits| Leave Travel Allowance is one of the best tax-saving tools available to an employee. It’s a tax exemption that employers offer their employees. Therefore, Leave Travel Allowance, as the name suggests, is an allowance paid by an employer to an employee when the primary travel with the family or on their own. The amount paid as […]

Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23 and A.Y.2023-24 with income tax benefits on joint home loan

What is a joint home loan? Download Automated All in One Salary TDS for Government and Non-Government Employees for F.Y. 2022-23| A home loan where there is more than one borrower is called a joint home loan. Two friends cannot be co-borrowers. In fact, banks sometimes refrain from lending to siblings unless they co-own the property. […]

Save tax on Income for the A.Y.2023-24| With Automated Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2022-23

Save tax on Income for the A.Y.2023-24|For most people, paying income tax at the end of the tax year  is a difficult task. Much of the fuss revolves around scheduling insurance, rent, and other receipts in  such a way as to result in the lowest tax liability possible. Therefore, Income tax planning doesn’t have to be […]

Deduction U/s 80D, 80DD and 80DDB | With Automated Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2022-23

Deduction U/s 80D, 80DD and 80DDB | Section 80D of the Information Technology Law provide for a  deduction of Rs 25,000 from the insurance premium paid for health insurance for self, spouse and  dependent children. Therefore, In other words, Section 80D of the Information Technology Law provides for a deduction of Rs 25,000 from the insurance premium paid […]

Standard deduction from salary and pensions| With Automated Income Tax Preparation Excel-Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

Standard deduction from salary and pensions| Accordingly, A standard deduction means a fixed deduction for people who receive wages or retirement income. It was introduced in the 2018 budget in lieu of exemptions from travel expenses and reimbursement of various medical expenses. In the 2021-22 tax year, the default deduction limit is Rs 50,000. In this guide, we’ll cover what […]

Standard deduction from salary and pensions| With Automated Income Tax Preparation Excel-Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

Standard deduction from salary and pensions| Accordingly, A standard deduction means a fixed deduction for people who receive wages or retirement income. It was introduced in the 2018 budget in lieu of exemptions from travel expenses and reimbursement of various medical expenses. In the 2021-22 tax year, the default deduction limit is Rs 50,000. In this guide, we’ll cover what […]

The standard deduction for employees | With Automated Income Tax Arrears Relief Calculator U/s 89(1) for the F.Y.2022-23 and A.Y.2023-24

The deductions in the Income Tax Law give taxpayers a reason to smile because they help reduce tax  liability. One of those fun provisions for salaried people in IT law is the “standard deduction.” As its name implies, a standard deduction allows you to deduct a certain amount from your gross wages so that your total taxable […]

Exemption from bank savings interest U/s 80TTA| With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

Section 80TTA of the Information Technology Act provides a tax deduction for interest income from  personal savings. To help you claim your Section 80TTA Income Tax Act deductions, we will discuss  your eligibility, threshold, inclusions, and exclusions in detail. What is a section 80TTA deduction? Section 80TTA deduction was established in 1961 and provides for a […]

Section 80D – Health Insurance – Applicability, Discounts and Policies | With Automatic Income Tax Calculator for Government and Non-Government Employees Fiscal Year 2022-23 as per Budget 2022

 Section 80D – Health Insurance – Applicability, Discounts and Policies |  Medical emergencies always  surprise us. It’s always better to be safe than sorry, and it’s no different from health insurance. Therefore,  Most residents in India are not covered by health insurance and rely on their savings or loans in case of a medical emergency. In other words, A must […]

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