The CBDT ( Central Board of Direct Taxes) as of late gave a roundabout furnishing explanation regarding option under section 115BAC of the Income-tax Act, 1961 Section 115BAC: The recently embedded Section 115BAC of the Income-tax Act, 1961 gives that an individual, being an individual or from a unified family having income other than income […]
Which Slab Rate to Choose FY 2020-21 Old or New? Know Opt in Opt out standards for salaried and business, derivation not permitted section 115BAC
How to opt for a new tax system according to section 115BAC? The Finance Act 2020, has presented a new section 115BAC, according to this arrangement the assessee has an option whether to pay tax according to new chunk rates or the old piece rates. In the event that the assessee opts for the new […]
Automated Income Tax Calculator for the F.Y.2020-21 With Investments to save tax U / s 80C For the F.Y.2020-21
The tax season is here and I started getting emails and comments asking “best tax-saving investments”. Unfortunately, there is no direct answer to this. The best investments are different for different people and combine with their return expectations, risk-taking ability, personal situation and alignment with their financial goals in other matters. Download Automated Income Tax […]
Section 80U – Tax Exemption for Disable Person | With Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22
Section 80U – Tax Exemption for Disable Person | Similarly, There are certain sections of the Income Tax Act of India that offer tax advantages to individuals if they or any member of their family has a disability. Therefore, Section 80U provides tax benefits if a person is a victim of a disability. This article focuses on discussing the […]
When senior citizens are not required to file their ITR? With Automated Income Tax Software All in One for the Andhra Pradesh State Employees for F.Y.2020-21 as per U/s 115 BAC.
In India, the bulk of Senior Citizen faces financial hardship in adulthood as most of them aren’t during a position to earn their livelihood. Their savings, if any, aren’t enough to satisfy their day to day, particularly the medical expenses. Senior Citizen with good net-worth value is in search of excellent short-term financial getting to […]
What is the deduction under section 80TTA? With Automated Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for the F.Y.2020-21
It is noted that this Exemption entitled to the taxpayers who are opt-in the Old Tax Regime U/s 115BAC Introduced in Budget 2020 The Unique Section 80TTA provides a deduction of Rs 10,000/- on the interest income from Savings Bank Interest Max Rs. Ten Thousand. This deduction is out there to a private and HUF. […]
Download Automated Income Tax Calculator All in One for the Bihar State Govt Employees for the F.Y.2020-21 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC
In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt-in the New Tax Regime Excluding any Exemptions of Income Tax as the […]
Download Automated Income Tax Calculator All in One for the Andhra Pradesh State Govt Employees for the F.Y.2020-21 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC
In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt-in the New Tax Regime Excluding any Exemptions of Income Tax as the […]
Income Tax Section 80TTA Rebate from Savings Bank Interest Including Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) for the F.Y.2020-21
The provisions of Section 80 TTA of the Income Tax Act may read as follows: – Discounts in a deposit on savings account in accordance with the provisions of Chapter 80 TTA • Account where the total income of an appraiser (excluding the assessment prescribed in the 80TTB section for senior residents) is included in […]
Download Automated Income Tax Calculator All in One for the Govt and Non-Govt (Private) Employees for the F.Y.2020-21 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC
In Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt-in the New Tax Regime Excluding any Exemptions of Income Tax as the previous […]