Exemption from bank savings interest U/s 80TTA| With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

80TTB AND 80 TTA

  Section 80TTA of the Information Technology Act provides a tax deduction for interest income from personal savings. To help you claim your Section 80TTA Income Tax Act deductions, we will discuss your eligibility, threshold, inclusions, and exclusions in detail. What is a section 80TTA deduction? Section 80TTA deduction was established in 1961 and provides for a deduction of up to Rs. 10,000. Therefore, this law applies to individual savings in banks and individual savings groups under the HUF (Hindu Undivided Family). However, it is ineffective with respect to income from interest on term…

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Income tax rebate U/s 87A| With Automated Income Tax Preparation Software All in One in Excel for the Govt & Non-Govt Employees for the F.Y.2022-23

What is the form 16

 Income tax rebate U/s 87A | The Income Tax Act of 1961 allows for several types of tax credits so that taxpayers can reduce their taxable income and therefore their tax liability. Therefore, one such provision under the Income Tax Act is the tax credit permitted under section 87A of the Act. Let’s see what this discount is about – What is the u/s 87A tax credit?  In other words, a tax deduction is a type of discount offered on your tax liability. If your annual income, net of deductions and exemptions, does not exceed INR 5 lakh,…

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New G.P.F/EPF/VPF Income Tax Rules You Should Know| With Automatic Income Tax Preparation Excel Based Software All in One for the Govt and Non-Govt Employees for F.Y.2022-23

All in One For AY 2022-23

New G.P.F / EPF / VPF Income Tax Rules You Should Know | New Pension Fund Income Tax Rule: The CBDT has notified entities to maintain two separate PF accounts. One of the accounts will be for taxable contributions and the other for non-taxable contributions starting April 1, 2021. Therefore, • New income tax rules for the GPF: following the pension fund rationalization announced in the 2021 budget, the Central Board of Direct Taxes (CBDT) introduced rule 9D of the income tax rules, 1962 In other words, New Income Tax Rules for the GPF:…

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Not invited to meetings, asked about decisions, why have me: Hardik lashes out at Cong

[ad_1] Accusing the Congress of “ignoring” him, Hardik told The Indian Express: “My position in the party is that of a newly married groom who has been made to undergo nasbandi (vasectomy).” He also questioned the Congress “delay” on taking a call on Khodaldham trust president and powerful Patidar leader Naresh Patel, who is being wooed by all parties in the state, suggesting that it was an insult to the entire community. 🗞️ Subscribe Now: Get Express Premium to access the best Election reporting and analysis 🗞️ “I am not…

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Amitabh Bachchan wishes ‘love, luck and light’ to Alia Bhatt-Ranbir Kapoor as they begin wedding celebrations

[ad_1] He shared it with the caption, “Wishing our Isha and Shiva all the Love, Luck and Light as they gear up to embark on a very special journey in the coming days ❤️ Let’s kickstart the celebration with something special from Team Brahmāstra ✨” Veteran actor-director Rakesh Roshan also sent his best wishes to the couple as he told ETimes that he hopes for them to have a “good marriage.” Ranbir’s late father Rishi Kapoor and Rakesh were close friends. Earlier in the evening, Ranbir’s mother Neetu Kapoor and…

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Bypoll results on April 16: Litmus test for TMC & BJP as Asansol, Ballygunge vote today

[ad_1] A FIERCE political battle is all set to unfold on Tuesday, when bypolls to Asansol Lok Sabha and Ballygunge Assembly constituencies will be held. For the BJP, it would be a challenge to retain the Asansol seat and spring a surprise in Ballygunge constituency, a TMC stronghold. For the ruling TMC, it is a litmus test to win the Asansol constituency for the first time and retain the Ballygunge seat. The Asansol seat fell vacant after former Union minister Babul Supriyo resigned as the BJP Member of Parliament from…

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Calcutta High Court sets aside Speaker’s order dismissing plea on Mukul Roy disqualification

[ad_1] THE CALCUTTA High Court on Monday set aside West Bengal Assembly Speaker Biman Banerjee’s order dismissing a petition by Leader of Opposition Suvendu Adhikari which sought disqualification of TMC lawmaker Mukul Roy as a member of the House on the ground of defection and restored the matter for fresh consideration. A division bench of Chief Justice Prakash Srivastava and Rajarshi Bharadwaj issued the order on Monday. The petitioner contended that the decision of Speaker Biman Banerjee to retain the post of MLA of Mukul, who had joined the Trinamool…

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Katrina Kaif showcases her cooking skills, makes scrambled eggs for husband Vicky Kaushal

[ad_1] Katrina Kaif has yet again shared a glimpse of her cooking skills. The actor spent her Sunday morning with husband Vicky Kaushal. She made scrambled eggs for the actor. Sharing the picture on her Instagram account, Katrina wrote, “Sunday breakfast for hubby made by me.” Earlier, Katrina shared a picture of halwa she made for her in-laws as a part of a post-wedding ceremony. Katrina married Vicky Kaushal in December 2021 in a private ceremony with only close friends and family member in attendance. Katrina and Vicky recently went…

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West Bengal: Mamata Banerjee slams Centre again on fuel; claims dues Rs 90k cr

[ad_1] Chief Minister Mamata Banerjee on Thursday claimed that the Centre owes Rs 90,000 crore to the West Bengal government in GST arrears and unless the state gets its share, it will be difficult to clear the dues of the state government employees. Accusing the Modi government of not doing anything to control the rising prices of fuel and other essential commodities, she said a policy should be made to arrest the hike. Claiming that the economic situation in the country was going from bad to worse, the CM expressed…

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Calcutta HC orders CBI probe into another set of govt teachers’ appointment

[ad_1] The Calcutta High Court on Thursday directed the Central Bureau of Investigation (CBI) to probe the alleged “irregularities” in the recruitment of teachers for classes IX and X in government-aided schools of West Bengal. Directing the CBI to register a fresh FIR in the matter, a single bench of Justice Abhijit Gangopadhyay, who had two days ago ordered a CBI probe into the Group D staff recruitment scam, asked the central agency to “feel free to investigate and interrogate all persons — however influential they are” — involved in…

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