Tag Archives: Automated Income Tax Salary Certificate Revised Form 16 vide CBDT notification No. Notification No.36/2019 dated 12th April

Download and Prepare at a time 100 Employees Automated Income Tax Form 16 Part A&B For Financial Year 2019-20 ( Modified Format of Form 16 Part B [ As per the CBDT Notification No.36/2019 Dated 12/04/2019

The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May  2019. This Format is more explore the employee’s Salary Details. Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At a […]

Download Excel Based Income Tax Calculator All in One for Govt & Non-Govt (Private) Employees for the F.Y 2020-21 A.Y 2021-22 U/s 115BAC

The finance minister mentioned in his 2020 budget speech that he had simplified the income tax structure. Unfortunately, this is far from the truth. What has happened is that the budget has given you another option to calculate your taxes. More options mean more complexity. New Tax Regime U/s 115BAC We have come up with […]

New Income Tax Regime U/s 115BAC – Complete list of exemptions and deductions entitled for the F.Y.2020-21 With Automated Income Tax Preparation Excel Based Software All in One Govt and Non-Govt Employees for the F.Y.2020-21 & A.Y.2021—as per the new Section 115BAC and the Budget 2020

Did you know that under the new tax code, no discounts or rebates are allowed? Let’s take a look at the new tax system – follow the list of exemptions and exemptions in detail. Therefore, During 2020 budget, the finance minister introduced a new tax regime.  New Income Tax Slab is given below In other […]

How to calculate income tax for F.Y 2020-21 U/s 115BAC As per the Budget 2020 ( Old and New Tax Regime) With Automated Income Tax Revised Form 16 for the F.Y.2020-21 and A.Y.2021-22

The new income tax discipline came into effect on April 1, 2020. It gives an individual the option to continue with existing tax duties (with tax rebates and exemptions) or to opt for the 70 new tax rebates and tax exemptions. For the convenience of salaried persons who have no business income, they have to […]

Download Automated Income Tax Preparation Excel Based Software All in One for Govt and Non-Govt Employees for F.Y.2020-21 as per Budget 2020 With New Section 115BAC as Old tax regime and Analyses the benefits before making your choice U/s 115BAC

Under the straightforward system, it’s impossible to say some concessions and exemption. In the Budget 2020 has introduced a simple personal tax system to reduce the tendency of income tax income of individuals. This new regime provides an option for individuals to pay taxes at a reduced rate subject to certain discounts and rebates. The […]

Difference between new income tax regime with old tax regime , With Automated Income Tax Software All in One for Non-Govt (Private) Employees for F.Y.2020-21 and A.Y.2021-22 with New Section 115BAC as per Budget 2020

Budget 2020 has introduced a new income tax system for individual taxpayers. However, for the option of such discounted duty, the taxpayer will be required to deduct certain specific deductions. These include a standard rebate of Rs 50,000, a rebate of Rs 1.50 lakh under Section 80C and interest on the self-occupied property of Rs […]

What is the Standard Deduction? With Automated Income Tax Software All in One for Only Private Employees for the A.Y. 2021-22

A standard deduction means a fixed rebate on a taxpayer’s income without the  prerequisite of a bill, confirmation or record of assistance. Each individual can  guarantee this discount rather than having to spend or speculate.    Standard deduction of Rs. 50,000 from salary or pension income (40,000 from  AY2019-20, 50,000 50,000 from 2020-21 onwards).   […]

CBDT clarifies process of opting concessional rates of tax, Sec 115BAC With Automated Income Tax All in One Govt & Non-Govt (Private) Employees for the F.Y.2020-21 Under Section 115 BAC ( New & Old Tax Regime as per Budget 2020)

CBDT clarifies process of opting concessional rates of tax, Sec 115BAC CBDT has issued Circular C1 of 2020 dated13.04.2020. It clarifies the process of exercising of option by a taxpayer with regard to deduction of tax at source if he/she opts for the concessional rates of tax as per section 115BAC. Employee to an intimate […]

How to calculate income tax benefits in a joint home? With Automated Income Tax Preparation Excel Based Software All in One for Non-Govt (Private) Employees for F.Y.2020-21 with New & Old Tax Regime as per Budget 2020

In the latest budget 2020, the finance minister announced that the limit on tax incentives on interest paid on borrowed funds for self-acquired houses would be increased. If it is in the case of joint ownership, the tax benefit is also doubled. According to the income tax rules, all the joint owners can avail the […]

Tax Planning – How to save income tax in F.Y 2020-21 (AY: 2021-22), With Automated Income Tax Master of Form 16 Part B which can prepare at a time 50 employees Form 16 Part B for the F.Y.2020-21 as per Budget 2020 with New Section 115BAC

Income Tax Slabs In the Budget 2020 is Introduce a new Section 115 BAC in this Budget 2020, where taxpayers can opt for all the alternative benefits (as in the old tax regime) or opt-in to the new tax regime, where they cannot qualify for the tax exemption. And he’s getting the new tax slab. […]