Form 16 Issuance to Employees | With Automated Income Tax Form 16 for the F.Y.2021-22

 Form 16 Issuance to Employees | Form 16 is a certificate that employers issue to their employees. It is a validation that the TDS has been deducted and deposited with the government authorities on … Read More

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,  … Read More

Income Tax Section 80GG | With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for F.Y.2021-22

 Section 80GG of the Income Tax deductions available to us is house rent. This is covered by section 80GG of the Income Tax exemption under Section 80GG depends on your salary, city … Read More

Relaxation for retired employees under the Income Tax Act of 1961

RELAXATION  FOR RETIREMENT EMPLOYEES under the Income Tax Higher basic exclusion limit Exemption from taxes on amounts received by way of gratuities reduced pensions and pension funds Greater dedication to … Read More

Interest deductions on Home loans – Section 24b | With Automated Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for F.Y.2022-23

 Interest deductions on home loans – Section 24b Introduction Section 24b of the Income Tax as per the New Income Tax Regime) 2) This Excel Utility has an option where you can choose … Read More

Income tax deduction on chapter VIA for the F.Y.2022-23 | With Automated Income Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

Income Tax department, in order to  encourage savings and investment among taxpayers, has provided several deductions from taxable  income under Chapter VI A deductions. With the 80C being the most … Read More

Section 80 TTA – Exemption for Savings Interest | With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2022-23(Updated Version)

Section 80 TTA – Exemption for Savings Interest | 80TTA Complete Guide: Definitions, Limits,  Eligibility, Exceptions for the Fiscal Year 2022-23 (A..Y 2023-24 Therefore, A savings bank account is like a digital … Read More

What are the tax benefits of a home loan? With Automated Income Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2022-23

 What are the Income Tax benefit is a  Income Tax laws that allow you to deduct taxes to meet certain eligibility requirements are Income Tax every year. You should make … Read More

Section 10 Income Tax Act | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E from the F.Y.2000-01 to F.Y.2022-23

 Section 10 Income Tax liability. Therefore, To ease the burden on taxpayers by encouraging them to save, invest, and pay taxes, the law listed some income as Income Tax Law However, … Read More

Income Tax Section 16 – Standard Deduction, Entertainment Allowance With Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for the F.Y.2022-23

Income Tax. With this deduction, the taxpayer can reduce the taxable wage income that is subject to Income Tax Act. The standard deduction replaced the transportation allowance of Rs 19,200 … Read More

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