The tax season is here and I started getting emails and comments asking “best tax-saving investments”. Unfortunately, there is no direct answer to this. The best investments are different for different people and combine with their return expectations, risk-taking ability, personal situation and alignment with their financial goals in other matters. Download … [Read more...] about Automated Income Tax Calculator for the Non-Govt Employees for the F.Y.2020-21 With Investments to save tax U / s 80C For the F.Y.2020-21
Automated Income Tax House Rent Exemption Calculator U/s 10(13A)
Would I be able to claim Tax Benefit for both HRA and Home Loan? – An inquiry which is frequently posed by numerous taxpayers. This is essentially in light of the fact that numerous businesses don't permit both tax benefits together in specific circumstances. Tragically, this isn't the best activity. Both HRA and Home Loan Interest tax sections are unrelated. You claim tax … [Read more...] about Income Tax Calculator All in One for the Govt and Non-Govt Employees for the F.Y.2020-21 with Tax Benefit on both HRA & Home Loan?
You may have heard stories where a genuine ailment in a family has depleted them of their riches. These are stories as well as can transpire. To prepare for such issues – you should purchase Health Insurance. The great part is you additionally get tax advantage on the premium paid for Health insurance. In this post, we settle what's and How's of Tax Deduction on Health … [Read more...] about Automated Income Tax Calculator All in One for Non-Government Employees for the F.Y.2020-21 with Tax Benefit on Health Insurance u/s 80D
Finance Budget 2018 alongside numerous progressions to tax laws also presented another Section 80TTB. As per this Senior citizens can guarantee tax exemption up to Rs 50,000 on the interest income from bank/post office fixed store, repeating store, or investment account. Also, if a senior citizen picks to exploit Section 80TTB, he can't guarantee further tax advantage U/s … [Read more...] about Download Automated Income Tax Preparation Excel Based Software All in One for Govt and Non-Govt Employees for the F.Y.2020-21 with Section 80TTB: Senior Citizens can Save Tax on their Interest Income
The new tax changed has reduced the income tax rate for new slabs and individual slabs from separate income to Rs 2,000. If any taxpayer chooses the aforesaid exemption and deductions option, then Rs. 15 lakhs per annum. Finance Minister Nirmala on February 1 with the aim of reducing rates and simplifying the structure Sitharaman announced the new government with personal … [Read more...] about Budget 2020-21: New tax regime for taxpayers, lower rates for people foregoing exemptions With Automated Income Tax Preparation Excel Based Software All in One for Private Employees for the A.Y.2021-22 and F.Y.2020-21