Save tax for salaried people Includes automatic income tax preparation software in Excel for government and private employees for F.Y.2021-22


Save tax for salaried people, Central Budget 2021 results Therefore, Exemption from ITR filing for senior citizens aged 75 years and above, only pension and interest income. B. Therefore, The Income Tax Department has introduced a pre-filled ITR with additional details to facilitate the return filing process. C. In other words, The deadline for submission of delayed and amended returns have been reduced to 3 months. This means that the IT department has to process the returns and send a notice under section 143 (1) by 31st December.  In other words,…

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How to save income tax For F.Y.2021-22 with automatic income tax preparation software in Excel for Govt and Non-Govt employees for F.Y.2021-22

How to save income tax for F.Y 2021-22. We all want to save as much money as possible if it is legally correct. How to save income tax when saving money for taxpayers is probably one of the most searched phrases. Here are some top options every taxpayer should explore to save income tax: Therefore, Get the maximum benefit of 80C: If you are planning to save income tax, you must get a maximum benefit under 80C (Rs. 1.5 lakh per annum till now). One can freely choose the savings instruments of their choice,…

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Automatic Income Tax Preparation Software All in One in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22| Along with Medical Benefits of Income Tax Section 80 D


Automatic Income Tax Preparation Software All in One in Excel for the F.Y.2021-22 Understanding 80D To address rising medical and hospitalization costs, insurance companies offer a number of health plans. Therefore, To encourage more citizens to insure properly, the Income Tax Act provides various tax exemptions for medical insurance under section 80D. Having adequate medical insurance is essential for a stress-free life. In other words, It provides financial assistance in times of medical emergency. Medical insurance that provides adequate coverage will help you protect yourself from financial crisis during a medical emergency…

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Income Tax Deductions U/S 16 – Standard Deduction, Entertainment Allowance and Professional Tax along with All-State Govt and All Non-Govt Employees Income Tax Preparation Software All in One in Excel for the F.Y.2021-22


Income Tax Deduction U/s 16 of the Income-tax Act, 1961 Section 16 of the Income-tax Act, 1961 provides deduction from taxable income under the heading ‘Salary’. Therefore, It offers discounts for standard deductions, entertainment allowances and professional taxes. Through this deduction, a salaried taxpayer can reduce his taxable salary income applicable to tax. Furthermore, with the recent revision of the standard deduction, the advantage of this section has been extended to a greater extent. Also, there is no hassle of paying bills for travel and treatment which makes it quite…

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Budget 2020 has introduced a new section 115BAC income tax law Along with Automated Income Tax Preparation Software All in One in Excel for the F.Y.2021-22

Income Tax New Slab Rate for F.Y.2022-23

Budget 2020 has introduced a new section 115BAC income tax law, where an individual has the option to choose between the old tax rate and the new tax-deductible rate regardless of the prescribed deduction or deduction. Therefore, To address such questions, the Central Board of Direct Taxes (CBDT) has issued a clarification through Circular No. C1 of 2020 stating that an employer, based on the information received from an individual employee, considers the source tax deduction (TDS) calculation. Should be. The provisions of section 115BAC, as applicable. Section 115BAC of the Income-tax Act The new section 115BAC of…

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