Tag: Income Tax Standard Deduction in New Tax Regime for F.Y.2023-24

Standard Deduction Relief – A big relief for salaried taxpayers who will now get Rs 7.5 lakh tax relief under the new tax regime | Auto Calculate Income Tax Preparation Excel Based Software All in One for the West Bengal Govt Employees for the F.Y.2023-24 and A.Y.2024-25

Standard Deduction Relief: From April 2023 onwards, the process of calculating savings and income  tax will start again. Due to the entry into force of the new default tax regime this year, there has been a  lot of interest in this topic. The government has also given tax relief worth Rs 2 Lakh more than under […]

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 […]

Old versus new tax scheme according to relevant 2023 budget| With  automatic calculation of Income Tax Arrears Relief Calculator of U/s 89(1) with Form 10E for F.Y 2023-24 and A.Y 2024-25

Old versus new tax scheme according to relevant 2023 Budget| The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and exemptions allowed under the old tax system […]

Auto Calculate Income Tax Software All in One in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 with U/s 87A Rebate in New Tax Regime as per Budget 2023

Find out what the 2023 Budget proposes about Section 87A in New Tax Regime The 2023 budget announced that people will not have to pay any tax if their taxable income does not exceed Rs 7 lakhs in a tax year. Therefore, the maximum reimbursement limit available under section 87A of the Income Tax Act 1961 has been increased to […]

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