The income Tax return has to be filed by each eligible candidate as per rules and regulations. The income tax rules for the new financial year 2020-21 have undergone some major changes. Since April 1, 2020, these changes are being followed. Income tax return has to be filed by each eligible candidate as per rules and regulations. With the Union Budget, the 2020-21 FM … [Read more...] about Major Changes in Income Tax Rules FY 2020-21 (AY 2021-22) & FY 2019-20 Along with the Automated Income Tax Preparation Excel Based Software All in One for the Govt & Non-Govt Employees for the F.Y.2020-21 & A.Y.2021-22 With New and Old Tax Regime U/s 115BAC as per Budget 2020
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 choose between the existing and new tax system every financial … [Read more...] about 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
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 following is a quick comparison of … [Read more...] about 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
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 2 lakh, a deduction taken by most taxpayers. … [Read more...] about 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
Introduce new Section 115BAC in 2020 budget In the 2020 budget, Finance Minister Nirmala Sitraman announced a new tax system to further reduce tariffs and tax rates. It has long been claimed by most taxpayers, but it took up the issue of removing all available exemptions and exemptions. To add to this confusion, the finance minister gave taxpayers a choice between the … [Read more...] about Automated Income tax Arrears Relief Calculator U/s 89(1) From the F.Y.2000-01 to F.Y.2020-2021[ Update Version ] U/s 115BAC in the Budget 2020 With New Tax Regime or Old – What should you pick?