New Tax System U/s 115BAC Introduced by the Budget 2020 for F.Y.2020-21 With Automated Income Tax Preparation Excel Based Software All in One for Govt & Non-Govt Employees for F.Y.2020-21 as per Budget 2020

The Income Tax Office states that any employee can change the tax structure at the moment of filing the income tax returns. TDS will be adjusted in the same way … Read More

Download Automated Income Tax Preparation Excel Based Software All in One for Govt & Non-Govt Employees for F.Y. 2020-21 With Old & New Tax Regime as per Budget 2020

How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Choose? Here is the answer to these inquiries! According to Budget 2020, you cannot claim any tax … Read More

Income Tax deductions F.Y. 2020-21 & A.Y. 2021-22 with Automated Income Tax Preparation Excel Based All in One for Govt and Non-Govt Employees for F.Y.2020-21 (Old Tax Regime and New Tax Regime U/s 115BAC)

If you Opt-in Old Tax Regime then you can get the Tax Exemptions. Important for tax planning. It reduces the tax burden of an assessee. Let’s take a look at … Read More

DOWNLOAD AUTOMATED INCOME TAX 89(1) ARREARS RELIEF CALCULATOR WITH FORM 10E FROM THE F.Y.2000-01 TO FY 2020-21

If you have received arrears of salary/pension in Financial year 2019-20 related to previous year(s) then your tax liability will be on higher side due to arrears but do you … Read More

How to calculate taxable income on self occupied house property, with Automated Excel Based Income Tax Master of Form 16 Part A&B for the F.Y.2019-20

A person’s gross all out income is the aggregate of income under five distinct heads determined dependent on the tax laws. One of these heads is ‘income from house property’. … Read More

INCOME TAX CALCULATION UNDER OLD AND NEW TAX REGIMES FOR F.Y.2020-21 WITH AUTOMATED EXCEL BASED INCOME TAX SOFTWARE ALL IN ONE FOR GOVT & NON-GOVT EMPLOYEES FOR F.Y.2020-21 AS PER THE BUDGET 2020

On 13th April 2020, the Central Board of Direct Taxes (CBDT) issued a circular to employers to obtain a declaration from their employees if they wish to opt for the … Read More

New Format of Form 16 for A.Y. 2019-20 With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20

The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also … Read More

Tax Benefit on Home Loan: Section 24, 80EEA & 80C With Automated Excel Based Income Tax Revised Form 16 Part B for F.Y. 2019-20

The repayment of Home Loan comprises of 2 components i.e. Repayment of Principal and Repayment of Interest. As the repayment comprises of 2 different components , the tax benefit on … Read More

Major tax Amendments to the Salaried Persons for F.Y. 2020-21 And New Provisions of Finance Act 2020 With Automated Excel Based all in One TDS on Salary for Govt & Non-Govt Employees for F.Y.2020-21 (Old Regime and New Regime)

All Individuals & HUF can prefer to pay tax as per new slab rates without availing exemptions & deductions for the fiscal year 2020-21 and Assessment Year 2021-22 as per … Read More

How to Protect Yourself & Others from Covit-19

Know How it Spreads Coronavirus There is currently no vaccine to prevent coronavirus disease in 2019 (COVID-19). The best way to prevent illness is to avoid being exposed to this … Read More