Benefits of New Tax Regime 2023 with All-in-One Automated Income Tax Preparation Software for Government and Non-Government Employees for FY 2023-24

chapter Vi A

Introduction Benefits of New Tax Regime 2023| The dawn of the fiscal year 2023 has brought with it a revamped tax regime, ushering in changes that demand our attention. Budget 2023 has not only reshaped the income tax slabs but also introduced significant alterations in deductions and exemptions. In this comprehensive guide, we navigate through the intricacies of the New Tax Regime 2023, shedding light on the benefits it offers, accompanied by insights into an All-in-One Automated Income Tax Preparation Software designed for both government and non-government employees. Understanding the…

Read More

Income Tax Calculator in Excel All in One with Simplifying Tax Estimations for Government and Non-Government Employees for the F.Y.2023-24

Tax Rebate

Introduction About Income Tax Standard Deduction Rs. 50000/- U/s 115BASC in the new tax regime| Income Tax Calculator in Excel All in One with Simplifying Tax| Navigating the complexities of income tax calculations can be daunting, especially for employees from both government and non-government sectors. Therefore, Fortunately, Excel comes to the rescue with its user-friendly tools that streamline this process. In this article, we’ll explore how to use an Income Tax Calculator in Excel, focusing on the Income Tax Standard Deduction of Rs. 50000/- U/s 115BASC in the new tax…

Read More

Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| With Auto Calculate Income Tax Preparation Software All in One in Excel for the A.Y.2024-25

chapter Vi A

Deduction Under Chapter VIA of Income Tax for the Old Tax Regime| Are You perplexed about the intricacies of income tax deductions under Chapter VIA for the old tax regime? Fear not, as we delve into the details of this important topic, shedding light on its significance, eligibility criteria, and benefits. Therefore, In this comprehensive guide, we’ll break down the Deduction Under Chapter VIA of Income Tax for the Old Tax Regime of the Income Tax Act, ensuring you have a clear understanding of how they work and how they can benefit you. Table of Contents 1.        …

Read More

Section 80EE-An additional income tax deduction for home loan interest| With Auto Calculate Income Tax Arrears Relief Calculator U/s 89(ia) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 in Excel.

ARREARS RELIEF

 Section 80EE-An additional income tax deduction for home loan interest|Indeed, the fortunes of buying your first home are different. Especially after going through the daunting process that begins – finding a home that fits your budget and meets your needs – to the more tiring steps of getting a home loan. However, this can be beneficial for a first-time home loan buyer. A tax deduction is available under section 80EE for interest paid on loans (received by a first-time taxpayer) for the purpose of purchasing a residential property. You (the taxpayer) can claim a deduction of up…

Read More

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

Tax Slab for 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 of the most pressing concerns of the salaried class is whether to choose the old or the new regime. If the new regime will be benefited who’s Investment less to claim, while the old regime will be…

Read More

Budget 2023- Key points of taxation- Old vs. New tax regime | With automatic calculation all-in-one self-preparation Excel-based software for government and non-government employees for F.Y.2023-24 and A.Y.2024-25

Standard Deduction

Budget 2023- Key points of taxation- Old vs. New tax regime | The Union budget for 2023 was presented in Parliament today, on February 1, 2023, the Finance Minister proposed five important announcements for taxpayers:  1. Zero taxes, up to Rs of income. 7 lakhs (after U/S 87A discount) 2. Six rental plates and new tax rates 3. Standard deduction of Rs. 52,500/- for salary earners of Rs. 15.5 lakhs or more. 4. Surcharge on Income greater than 2 Cr 25% instead of 37% 5. The discount for paid leave of up to 10 months of average salary, at the…

Read More

How to save your income tax for the F.Y.2023-24 and A.Y.2024-25 as per Budget 2023 With Auto Calculate Income Tax Preparation Software All in One in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

Tax Slab for A.Y.2024-25

How to save your income tax for the F.Y.2023-24 and A.Y.2023-24 as per Budget 2023. Provision of Income Tax: In a few days a new budget will be presented. Apart from this, the fiscal year is about to end. In such a situation, the employees should consider saving every rupee, so today we are telling you the main formula for the alliance. As a result, you will not have to pay any tax even on an income of INR 10,000 or INR 50,000. You may also like; – Automatic Income…

Read More