New income tax regime disallowed deductions| Below is a list of key tax deductions that are claimed under the current tax regime but not under the new income tax regime: Therefore, • Exemptions under Section VI-A, ie Section 80C; 80CCC; employee contribution 80CCD; 80D; 80DD; 80DDB; 80E; except under 80EEA, 80CCD(2) and 80JJAA; • Interest on home loans […]
Understanding Income Tax Arrears Relief Calculation U/s 89(1) with the Form 10E | With the automatic calculation of U/S 89(1) back tax exemption with Form 10E for the F.Y. 2023-24 and A.Y. 2024-25
Under Section 89(1) as per the Income Tax Act 1961: Understanding Income Tax Arrears Relief Calculation U/s 89(1) with Form 10E | Therefore, According to the Income Tax Law, a person must pay taxes on their income earned in a fiscal year. However, there may be cases where an employee has received back or anticipated wages from […]
New and old tax regimes? If the tax collection is below this break, the new tax regime is better| With Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private) Employees for the F.Y.2023-24 and A.Y.2024-25
New and old tax regimes? The new regime will be benefited those who are less invested to claim in any scheme, while the old regime will be benefited eligible taxpayers like that HRA, health insurance, home insurance, PPF, etc. This will be more beneficial to claim such deductions or exemptions. Therefore, As the financial year begins, one […]
Download Excel-based software all-in-one for the Government and Private employees for F.Y. 2023-24 and A.Y. 2024-25 with exemptions and deductions not claimable under the scheme’s new taxation
Download Automatic Income Tax Calculation Software based on Excel all in One | The following are some of the major deductions and exemptions you can’t claim under the new tax system: Therefore, Exemptions and deductions are available under the new regime for the Financial Year 2023-24 as per the Budget 2023 In the new tax regime […]
Income tax exemptions and deductions allowed to a salaried person under the old tax regime for the financial year 2023-24 with Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24
Welcome to our guide to Indian income tax allowances and deductions. As taxpayers, it is important to understand the various deductions and deductions available to us as they can significantly reduce our tax liability. In this article, we cover everything you need to know about income tax deductions and credits so that you can make […]
Deductions in the new tax regime as per Union Budget 2023-24 with all-in-one automatic calculation income tax preparation software for Non-Government employees for F.Y.2023-24 and A.Y.2024-25
Deductions in the new tax regime as per Union Budget 2023-24 | The Union Budget 2023 scrapped around 70 deductions in the new tax regime for individual taxpayers. Exclusions include deductions up to Rs 1.5 lakh under Section 80 C and benefits on health insurance premiums U/ Section 80D. However, some deductions are only available to taxpayers under the new tax […]
Old vs. New Income Tax Slab: Salary Is Best for A.Y.2024-25 and checks your tax liability by this Excel Utility for the F.Y.2023-24 and A.Y.2024-25
Old vs. New Income Tax Slab – Everyone’s eyes are on the tax slab and the budget. Currently, there are two income tax slabs in the country. There are different provisions in both cases. If a person’s salary is 50 thousand, then how much tax will be deducted from the new or old tax slab? […]
New tax regime: Update! Income tax provided excellent information on the TDS of employees. With Auto Calculate Income Tax tools in Excel as the all-in-one for the F.Y.2023-24 and A.Y.2024-25
New tax regime: Update! Income tax provided excellent information on the TDS of employees. Note that the new tax section is the default, so if you don’t want to choose the new tax section and want to keep the old one, you can choose the old tax section. Let’s find out all about it. What […]
Don’t take FD of any amount from any bank, take advantage of these rules and know the trick with Automatic Income Tax Software in Excel for the A.Y.2023-24 & A.Y.2024-25
Fixed deposit rate – If you are planning to take a fixed deposit ie. FD, you need to know a few things before you invest any money. If you invest in the smart investor’s way, you will not only earn more interest, but you will also get many other benefits. Due to features such as […]
Download form 16 for 50 employees part B, for the financial year 2022-23, and prepare it at once
Download Form 16 for 50 employees Part B, for the financial year 2022-23 and prepare it at the same time. This Excel utility can readily prepare Employee Form 50 16 Part B in the revised format for Fiscal Year 2022-23 and Assessment Year 2023-24 Download and Prepare at a time 50 Employees Automatic Income Tax Form 16 Part B […]