Automated Income Tax Preparation Excel Based Software All in One TDS on Salary for West Bengal Government Employees With relief from Home Loan Interest U/s 80EE

Section 80EE – Deduction on Home Loan Interest Tax deduction under Section 80EE of the Income Tax Act 1961, can be claimed by first-time home buyers for the amount they pay as interest on the home loan. The maximum deduction Read more

Free Download Automated Income Tax Preparation Excel Based Software All in One for Government and Non-Goverrnment Employees for the F.Y. 2019-20, With Tax Rebate Rs. 12,500 U/s 87A for F.Y.2019-20

Section 87A provides an income tax rebate to a resident individual having prescribed income. This rebate is also available to senior citizens. However, for a Super Senior Citizens, this deduction becomes irrelevant.  For AY 2019-20 and AY 2020-21, the maximum income tax rebate is Rs.2,500/- and Read more

INCOME TAX REBATE RS.50,000/- AS THE STANDARD DEDUCTION FOR F.Y. 2019-20 WITH AUTOMATED FORM 16 PART A&B AND PART B, IN NEW FORMAT FOR THE F.Y 2019-20 & AY 2020-21

Standard Deduction of Rs 50,000 in-lieu of Medical Allowance – Budget 2018  From the F.Y 2017–18 the medical allowance of up to Rs 15,000 was exempted income from your Gross salary. To claim this, you had to submit medical bills Read more

INCOME TAX DEDUCTIONS U/s 80D FOR F.Y 2019-20 & A.Y 2020-21, WITH AUTOMATED INCOME TAX ALL IN ONE TDS ON SALARY FOR WEST BENGAL GOVT EMPLOYEES FOR F.Y. 2019-20 AS PER ROPA 2019

Section 80D In the union budget 2018, the government of India has proposed the below changes with respect to deductions available on Health Insurance and/or towards Medical treatment. The same provisions are applicable for FY 2019-20 as well; In Budget Read more

INCOME TAX DEDUCTIONS U/S 80DDB WITH AUTOMATED 100 EMPLOYES MASTER OF FORM 16 F.Y 2019-20 & AY 2020-21

Section 80DDB An individual (less than 60 years of age) can claim up to Rs 40,000 for the treatment of specified critical ailments. This can also be claimed on behalf of the dependents. The tax deduction limit under this section for Senior Citizens Read more

NEW INCOME TAX SECTION 80EEB FOR F/Y 2019-20 WITH AUTOMATED FORM 16 PART B IN NEW FORMAT FOR THE F.Y 2019-20 & AY 2020-21

New Income Tax Section 80 EEB from F/Y 2019-20 & A/Y 2020-21 Section 80EEB Income Tax Deduction of Rs 1.5 Lakh on Loan is taken to purchase Electronic Vehicle A new Tax deduction of up to Rs 1.5 lakh has been Read more

INCOME TAX DEDUCTIONS U/S 80DDB WITH AUTOMATED 100 EMPLOYES MASTER OF FORM 16 PART B WITH FORM 12 BA IN NEW FORMAT FOR THE F.Y 2019-20 & AY 2020-21

WHO ARE NOT GET HOUSE RENT FROM HIS EMPLOYER, HE CAN CLAIM HOUSE RENT EXEMPTION U/S 80GG Section 80GG The Tax Deduction amount under 80GG is Rs 60,000 per annum. Section 80GG is applicable for all those individuals who do not own Read more

INCOME TAX DEDUCTIONS U/S 80DDB WITH AUTOMATED 50 EMPLOYES MASTER OF FORM 16 PART B IN NEW FORMAT FOR THE F.Y 2019-20 & AY 2020-21

Donation to the Charitable Fund Section 80G Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act. This deduction can only be claimed when the contribution has Read more

INCOME TAX DEDUCTIONS U/S 80DDB WITH AUTOMATED 100 EMPLOYES MASTER OF FORM 16 PART B IN NEW FORMAT FOR THE F.Y 2019-20 & AY 2020-21

Income Tax Relief from House Building Loan Interest U/s 24(B) + 80EE + U/s 80EEA Section 24 (B) (Loss under the head Income from House Property) From FY 2017-18, the Tax benefit on loan repayment of the second house is restricted to Read more

Income Tax Deductions & Exemptions FY 2019-20 With Automated Income Tax Preparation Excel Based Software All in One for Government and Non-Government Employees for F.Y. 2019-20

The Income Tax Slab Rates remain unchanged for the Financial Year 2019-2020. However, Individuals with Taxable Income up to Rs 5,00,000/- per annum may avail Tax Credit up to Rs 12,500/- under Section 87A on the Income Tax payable. Thereby, implying that Individuals with Read more