Download Automated Income Tax Calculator All in One for the Govt and Non-Govt (Private) Employees for the F.Y.2020-21 as per the Budget 2020 with New and Old Tax Regime U/s 115BAC

In the Budget2020 introduce a new Section 115 BAC for the F.Y.2020-21. This Section 115BAChave an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt in the New Tax Regime Excluding any Exemptions of Income Tax as the previous F.Y. 2019-20 as clearly mentioned in the Budge 2020 U/s 115BAC.

As per the Budget the New Tax Slab is given below U/s 115BAC which introduced in the Budget 2020.

 

Also it is clear that no relaxation to the Senior Citizen in the New Tax Slab as per U/s 115BAC ( New Tax Regime).

  Download Automated Income Tax Preparation Excel Based Software All in One for the Government and Non-Government (Private) Employees for the Financial Year 2020-21 and Assessment Year 2021-22 U/s 115BAC

 Feature of this Excel Utility:-

 

1) This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly.

 

2) This Excel Utility has the all amended Income Tax Section as per Budget 2020

 

3) Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2020-21 (Updated Version)

 

4) Automated Calculation Income Tax House Rent Exemption U/s 10(13A)

 

5) Individual Salary Structure as per the Govt and Private Concern’s Salary Pattern

 

6) Individual Salary Sheet

 

7) Individual Tax Computed Sheet

 

8) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2020-21

 

9) Automated Income Tax Revised Form 16 Part B for the F.Y.2020-21

 

10) Automatic Convert the amount in to the in-words without any Excel Formula

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Download Auto Calculate Income Tax for the Govt and Non-Govt Employees for the F.Y 2020-21 and A.Y 2021-22 As per New Tax Section 115BAC ( New & Old Tax Regime)

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.

We have come up with an income tax calculator that incorporates both existing systems and new tax systems. You can fill in the details and find out which one works best for you.

Picture of New Tax Slab

 If you want to opt for the new tax regime, you will need to get most of the tax deductions and exemptions such as StandardDiscount, Chapter VI Exemption, HRA Benefit, LTA, Home Loan Interest for Self Occupied Homes etc.

In most cases, with the new tax system, in the case of tax exemptions, the taxes start to become higher. 

Income Tax Slab for FY 2020-21 (AY 2021-22) (New Method)

Existing tax regime tax slab

If you follow the existing tax system, there is no change in the tax slabs.

Download Automated Income Tax Preparation Excel Based Software All in One for theGovernment and Non-Government Employees for the F.Y.2020-21 and Ass Year 2021-22as per the New Tax System U/s 115BAC on the basis of the Budget 2020

[This Excel The utility can prepare at a time Income Tax Computed Sheet + Individual SalaryStructure as per the Govt and Private Salary Pattern+ Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2020-21 + Automated Income Tax Revised Form 16 Part A&B and Revised Form 16 Part B in new format ]

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