Income Tax Return filing Archives

Download Automatic Income Tax Calculator All in One for West Bengal State Employees for the F.Y.2024-25 and A.Y.2025-26 as per Budget 2024

April 22, 2024April 22, 2024 admin

Are you a West Bengal State employee gearing up for the financial year 2024-25? Managing your income tax can be a hassle, but worry not! We’ve got you covered with the ultimate solution – the Automatic Income Tax Calculator All in One specifically designed for West Bengal State employees. Therefore, In this comprehensive guide, we’ll walk you through everything you need to know about this invaluable tool and how it can simplify your tax calculations effortlessly. Table of Contents Sr# Headings 1 Introduction 2 What is the Automatic Income Tax…

Download Automatic Income Tax Calculator All in One in Excel for the All Salaried Employees for the F.Y.2024-25 as per Budget 2024

April 17, 2024April 17, 2024 admin

Are you ready to tackle your taxes with ease? Say goodbye to the headache of manual calculations and cumbersome spreadsheets. Introducing the Automatic Income Tax Calculator All in One in Excel for both government and non-government employees, tailored specifically for the Fiscal Year 2024-25 as per Budget 2024. Whether you’re a seasoned tax filer or a newcomer to the process, this tool is designed to streamline your tax preparation journey. Table of Contents Sr# Headings 1 Understanding the Importance of an Automatic Calculator 2 Key Features of the Automatic Income…

Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 With Details of Section 115BAC of the Income Tax Act known as the new tax regime

July 17, 2023July 17, 2023 admin

Download Auto Calculate Income Tax Preparation Software in Excel All in One for the Non-Government Employees for the F.Y.2023-24 and A.Y.2024-25 | Therefore, Section 115BAC of the Income Tax Act is known as the new tax regime| Those opting for the new tax regime should be aware of Section 115BAC of the Income Tax Act, 1961. Section 115 BAC was introduced in Budget 2020 and came into effect from the financial year 2020-21 (A.Y 2021-22). In other words, This section is a popular name to the taxpayers as a new tax regime Download Excel All in…

Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023 with Auto Calculate Income Tax Software in Excel for the Non-Govt Employees for the A.Y.2024-25

July 4, 2023July 4, 2023 admin

Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023| A new and optional income tax regime was announced in the Union Budget 2023. Under this new regime, the income tax slab rates have been reduced significantly. However, denomination slab fees come at the expense of traditional income tax deductions that can be claimed under the old (existing) tax regime. As things stand now, both tax regimes will be available together in A.Y 2024-25 (F.Y 2023- 24). You may also like- Auto Calculate and Auto Prepare at a time 50 Employees Form 16…

Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private or PSU) Employees for the F.Y.2023-24 and A.Y.2024-25 with Tax planning on investments under section 80C.

June 20, 2023June 20, 2023 admin

Auto Calculate Income Tax Preparation Software in Excel for the Non-Govt (Private or PSU) Employees for the F.Y.2023-24 and A.Y.2024-25 | Section 80C of the Income Tax Act of India is a provision that allows individuals to claim deductions on investments and expenses. It is one of the most popular tax-saving options for individuals in India. Section 80C allows taxpayers to reduce their taxable income by investing in eligible instruments or making certain payments. Therefore, The maximum deduction available under section 80C is 1.5 Lakh per financial year. In other words, This means that individuals can reduce their taxable income by up to…

How to file 10E in the new income tax portal? With Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2023-24

June 15, 2023June 15, 2023 admin

How do file 10E in the new Income tax portal? Filing income tax returns is an important responsibility for every income earner in India. It is a legal requirement to ensure that the government accurately assesses the tax liability of individuals and to prevent tax evasion. We discuss how to file Form 10E on the new income tax portal. Therefore, With the introduction of the Income Tax Portal in 2021, tax returns have become faster and more efficient. What is Form 10E? In other words, Income Tax Form 10E is a declaration form that must be filed…

Can you get tax deductions for HR and home loans at the same time? With Automatic Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

June 14, 2023June 14, 2023 admin

Can you get tax deductions for HR and home loans at the same time? House Rent Allowance (HRA) is an allowance provided by employers to cover the cost of rented accommodation. The Income Tax Act allows exemption from HR if the employee lives in a rented house. In addition, the law allows an individual taxpayer to deduct the interest paid on his home loan. This discount applies to home loans for the purchase, construction, renovation, or reconstruction of residential property. As per the Income Tax Act. Entitled taxpayers to get benefits both Home Rent Allowance (HRA) and interest…

Advantage of filing Income Tax Returns in due time with Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

June 13, 2023June 13, 2023 admin

Advantages of filing Income Tax Return in due time | Below are some of the benefits of filing income tax on time: (1) Easy loan approval Banks and other financial institutions often require a copy of your tax return when applying for a loan. Filing your return on time will make it easier to get loan approval. (2) Refund of TDS If you have overpaid TDS, you can claim a refund. If you register early, you will be refunded. 3) Proof of income and address Your income tax return can be used to prove and address…

Tax benefits of the Public Provident Fund (PPF) U/s 80C with Automatic Income Tax Calculator All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25 in Excel

June 12, 2023June 12, 2023 admin

A tax benefit of the Public Provident Fund is popular for a Maximum number of individuals who want to earn high but stable returns. Saving the principal amount properly is the main objective of individuals who open a PPF account. Importance of PPF Account Therefore, A mutual fund scheme is ideal for low-risk individuals. This plan provides a guaranteed income to meet the financial needs of people in India as mandated by the government. Moreover, the money deposited in the PPF account is also not linked to the market. In other words, Investors can also opt for a government…

Exemptions under section 10 of the Income Tax Act| With Auto Calculate Income Tax Preparation Excel Based Software All in One for the Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

June 1, 2023June 1, 2023 admin

Exemptions under section 10 of the Income Tax Act | Income Tax Section 10 of the I,.T Act, 1961 described tax benefits to a salaried person. This section is displayed on income that falls under the exemption category and is not included in the total income for the year. Therefore, In this article, you will learn about the different items, subcategories, and exemptions of Section 10. Basic exemptions under Section 10 of the Income Tax Act Free Amounts Let’s take a look at each of them now. 1. Section 10(5): Tax exemption on travel grant…