Showing posts with label Budget 2021. Show all posts
Showing posts with label Budget 2021. Show all posts

Monday, 28 June 2021

Download Automated Income Tax Preparation Software in Excel for All in for F.Y.2021-22 as per Budget 2021 with Compare New Tax Regime vs. Old Tax Regime

 

Old and New Tax Regime

Download Automated Income TaxPreparation Software in Excel for All in Excel for F.Y.2021-22 as per Budget 2021 |With the introduction of a new tax, discipline comes confusion as to which one is right for you| As a taxpayer, it can be challenging for you to identify which of the two administrations is good and relevant to your income|

 

Here is another question, what is the source of your income? Are you a salaried person, running your business or an entrepreneur or professional? With the change in existing categories, many of you are trying to assess the difference between old tax and new tax|

You may also, like-Download Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2021-22 (Updated Version)

Income Tax Form 10 E

New tax regime

 Let's start with the new tax system. It provides six tax slabs with which the amount of income on income is reduced to Rs 15 lakh. Multiple discounts and rebates due to income slabs and different tax rates do not apply here| He has an opinion in favour of the new tax.

 

Optimal:

The current tax system is still in place, and as a taxpayer, you have the option of choosing the one that best suits you, the old tax or the new tax discipline| The government has not imposed any obligation to maintain the new tax discipline\

 

The new tax system gives taxpayers the flexibility to invest the money of their choice. With the new scheme, there is no mandatory requirement to invest in tax saving schemes and insurance plans that may not be aligned with their financial goals.

 

With multiple tax slabs, you as a taxpayer fit into your tax slab that best matches your annual income.

 

Malicious:

Gradually, existing exemptions will be reviewed and gradually removed from the new tax discipline.

 

Without any rebates, your total taxable amount will be higher than the old tax discipline.

You may also, like-Download Automated IncomeTax Preparation Excel Based Software All in One for the Non-Government(Private) Employees for the Financial Year 2021-22 and Assessment Year 2022-23U/s 115BAC ( This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly + This Excel Utility has the all amended Income Tax Section as per Budget 2021+ Automated Income Tax Form 12 BA+ Automated Calculation Income Tax House Rent Exemption U/s 10(13A)+ Individual Salary Structure as per the Non-Govt(Private) Concern’s Salary Pattern +  Individual Salary Sheet + Individual Tax Computed Sheet +  Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22 +  Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22 +  Automatic Convert the amount into the in-words without any Excel Formula)

 

Although there are six tax slabs, it may not be beneficial for all taxpayers if the income tax authorities decide to remove the old regime completely. 

Income Tax Slab

Income Tax Old and new Tax Slab U/s 115 BAC

Discounts and Exemptions 

 

Several concessions and exemptions have also been removed with the new tariff system. Below is a comprehensive list if you move under the category of salaried person or business or professional.

Ride salaried persons can give a standard deduction U/s 16(1a) of Rs. 50,000.

Leave travel allowance

 

Structure The house rent allowance depends on the salary structure and the rent payable

Professional tax paid by maximum Rs. 2,500 / -

 

Discounts under Section 80TTA and 80TTB which are interest on savings account/deposit

 

Tax exemption on recreation allowance for government employees and exemption on professional tax

 

The amount of interest payable on a home loan for a self-occupied or vacant property is Rs.1 Lakh.

 

I.(ii) (a) Exemption of Rs. 15,000 from family pension under section 57 of

Special allowance provided under section 10 (14):

 

Transportation allowance is paid to the disabled employee

 

Vehicle allowance

 

Any allowance paid to cover travel expenses for travel or relocation of an employee

 

Daily allowance

 

Perquisites

 

Business owners and professionals will get discounts in special economic zones under section 10AA.

 

Sections 32 AD, 33 AB, 33 ABA, 35 (1) (ii), 35 (1) (ii ((a)), 35 (1) (iii), 35 (2AA), 35 AD and 35 ICC of the Income-tax Act. Discounts under it.

 

Tax Additional depreciation options under section 32 (ii) (a) of the Income Tax Act

Earlier the option of carrying down or declining in previous years

 

Income Tax Act, Chapter – VI-A, 80C, 80D, 80E, 80cc, 80cc, 80D, 80DD, 80DDB, 80E, 80EE, 80EB, 80G, 80GG Tax-saving investment exemptions under 80GG, 80GGC, 80I, 80-IAB, 60-IAC, 80-IB, 80-IBA etc.

You may also, like-Download Automated IncomeTax Preparation Excel Based Software All in One for the Bihar State Government Employees for the Financial Year 2021-22 and Assessment Year 2022-23 U/s 115BAC( This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly + This Excel Utility has the all amended Income Tax Section as per Budget 2021+ Automated Calculation Income Tax House Rent Exemption U/s 10(13A)+ Individual Salary Structure as per the Bihar State Govt Employee’s Salary Pattern +  Individual Salary Sheet + Individual Tax Computed Sheet +  Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22 +  Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22 +  Automatic Convert the amount into the in-words without any Excel Formula)

 

These tax-saving investment options include ELSS, NPS, PPF tax exemptions. Discounts on medical insurance premiums, FDRs, dependents who are individually able, expenses for certain treatments, interest education loans and much more.

 

Old Tax vs. New Tax Regime| Which Would You Choose?

Depending on your financial situation and your annual income, there is no definitive answer to this question. Both the old tax slab vs. the new income tax slab have their advantages and disadvantages| It all depends on whether you are interested in claiming discounts and rebates by proposing a new tax slab bucket and a change in the rate of income associated with | The old tax slab gives discounts and rebates. Under both tax systems, it is advisable to do comparative analysis and assessment before you submit your tax.

 

With the picture above, if your annual income is higher, it is safer to choose the old tax system than the new one| Old income tax slabs vs new income tax slabs everyone has their qualifications and decency| With the old tax charges, discounts like PPF, ELSS, Mediclaim, etc. and changes in the discounts, there are more investment opportunities for the taxpayer.

 

So, new tax vs. old tax vs. whether it is suitable for you will be taken only for testing when you will know exactly how much you will input your earnings in both the systems| To learn more about the income tax you pay, HDFC Bank provides you with an income tax calculator to facilitate calculations.

Download Automated Income Tax Preparation Excel Based Software All in One for the Government & Private Employees for the F.Y.2021-22 and A.Y.2022-23 

Salary Structure

Tax computed sheet

The main feature of this Excel Utility:-

 

1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)

 

2) This Excel Utility has an option where you can choose your option as New or Old Tax Regime

 

3) This Excel Utility has a unique Salary Structure for Government and Private Employee’s Salary Structure.

 

4) Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2021-22 (Update Version)

 

5) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22

 

6) Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22

 

7) Individual Salary Sheet

Saturday, 19 June 2021

Budget 2021 - All about ULIP tax| With Automated Income Tax Preparation Software in Excel for the Jharkhand State Employees for the F.Y.2021-22 as per Budget 2021

 

Budget 2021 - What is the new tax rules for ULIPs and especially after the 2021 budget? Although ULIPs were equity products, they enjoyed the same tax benefits as other endowment products under section 10 (10D)

P.P.F.


However, in order to bring balance between ULIPs and mutual funds, during the 2021 budget, the finance minister proposed a change in the taxation of ULIPs. Let's take a look at the new tax rules for ULIPs.

 

All about the tax on ULIPs

 

There are three tax aspects to consider when investing in ULIPs. The first is the time of investment, the second is when it matures or surrenders and the third is the time of death. Now watch each one in detail.

 

# Tax rate on ULIPs at the time of investment

 

There is no change in the rules regarding tax benefits when investing in ULIPs. Therefore, exemptions under Section 80C is allowed for investment in ULIPs (up to a maximum of Rs. Can and can claim a discount for investment for any member of the HUF.

You may also like- Download and Prepare at a time 50 Employees Form 16 Part A&B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

The exemption under section 80C is limited to 10% of the sum insured. This means the sum insured is Rs. 1.5 Lakh, then the premium you pay under ULIP should be up to a maximum of Rs. 1,50,000. If the premium is outside 10%, it is not eligible for a discount under Sec 80. Any amount of premium payable above this limit is not deductible under section 80C.

 

Another important point to understand here is that if you stop paying premium before the expiry of the five-year term or you stop your participation with notice of that part, the total amount of discount allowed to you in previous years will be treated as income and your income tax slab Accordingly the tax is charged in the year in which such national termination occurs.

 

So, closing the ULIPs is like a double-edged sword. ULIPs charge you in one way with a hefty separation charge and in another way, the opposite of the tax benefit you receive under Sec.80C.

 

Remember that you can pay as much premium as possible. However, the benefit of Sec.60C is limited to Rs.1,50,000 per annum and the premium must be 10% of the insured.

 

# Tax rate of ULIPs on maturity

The proposal to change the budget for 2021 was given here. Let us first try to understand the old rules that exist.

 

Tax on ULIPs (before 2021 budget)

Section 10 (10D) provides for a rebate on any money received under the ULP, including money allocated through bonuses on such policies. However, if the premium payable for any year during the term of the policy exceeds 10% of the actual insured, no discount will be allowed.

You may also like- Download and Prepare at a time 50 Employees Form 16 Part B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

 Tax on ULIPs (after 2021 budget)

Effective from 1st February 2021, no waiver will be allowed under Sec.10 (10D) if the amount of premium payable for any of the preceding policies exceeds Rs. 2,50,000.

However, if the total premium paid for a financial year is less than Rs.250,000 (including all multiple policies), you will enjoy duty-free maturity under Sec.10 (10D).

 

The Finance Bill, 2021 proposes to insert a new sub-section (1B) in section 45 so that a person can receive any amount under any ULIP at any time during the previous year so that no exemption is given under section 10 (10D).

You may also like- Download and Prepare at a time 100 Employees Form 16 Part A&B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

 

Apply to the account of the Fourth and Fifth Provisions, including the money allocated through bonuses in the policy of providing, then, any profit or gain from such person receiving such amount will be applicable for tax under the heading "Capital Gain" in the previous year where such amount was received. . Moreover, income tax under this head will be calculated in the prescribed manner. Thus, the method of calculating income will be informed later.

 

Section 112A proposes to amend the definition of 'Equity-Oriented Fund' by the Finance Bill, 2021. It is proposed to cover the cover of the exemption under serial (10D) which will not be applicable due to the application of the fourth. And of the fifth Proviso. Even if a portion of the fund is invested in the O-based project, higher premium ULIPs will be considered as equity-oriented funds.

 

Thus, long-term capital gains are Rs. 1,00,000 will be taxable at the rate of 10% without index under the section 112A. Although the full amount of short-term capital gains will be taxable at the rate of 15% under section 111A. ULIPs will be considered as long-term capital assets if they hold short-term capital assets for more than 12 months and for 12 months or less.

Download Automated Income Tax Preparation Excel Based Software All in One for the Jharkhand StateGovernment Employees for the F.Y.2021-22 and A.Y.2022-23

 

Salary Structure

Tax Computed Sheet

Form 16 Part B

Feature of this Excel Utility:-

 

1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)

 

2) This Excel Utility has an option where you can choose your option as New or Old Tax Regime

 

3) This Excel Utility has a unique Salary Structure for Jharkhand StateGovernment Employee’s Salary Structure.

 

4) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22

 

5) Automated Income Tax Revised Form 16 Part B for the F.Y.2022-23

Budget 2021 - All about ULIP tax| With Automated Income Tax Preparation Software in Excel for the Jharkhand State Employees for the F.Y.2021-22 as per Budget 2021

 

Budget 2021 - What is the new tax rules for ULIPs and especially after the 2021 budget? Although ULIPs were equity products, they enjoyed the same tax benefits as other endowment products under section 10 (10D)

P.P.F.


However, in order to bring balance between ULIPs and mutual funds, during the 2021 budget, the finance minister proposed a change in the taxation of ULIPs. Let's take a look at the new tax rules for ULIPs.

 

All about the tax on ULIPs

 

There are three tax aspects to consider when investing in ULIPs. The first is the time of investment, the second is when it matures or surrenders and the third is the time of death. Now watch each one in detail.

 

# Tax rate on ULIPs at the time of investment

 

There is no change in the rules regarding tax benefits when investing in ULIPs. Therefore, exemptions under Section 80C is allowed for investment in ULIPs (up to a maximum of Rs. Can and can claim a discount for investment for any member of the HUF.

You may also like- Download and Prepare at a time 50 Employees Form 16 Part A&B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

The exemption under section 80C is limited to 10% of the sum insured. This means the sum insured is Rs. 1.5 Lakh, then the premium you pay under ULIP should be up to a maximum of Rs. 1,50,000. If the premium is outside 10%, it is not eligible for a discount under Sec 80. Any amount of premium payable above this limit is not deductible under section 80C.

 

Another important point to understand here is that if you stop paying premium before the expiry of the five-year term or you stop your participation with notice of that part, the total amount of discount allowed to you in previous years will be treated as income and your income tax slab Accordingly the tax is charged in the year in which such national termination occurs.

 

So, closing the ULIPs is like a double-edged sword. ULIPs charge you in one way with a hefty separation charge and in another way, the opposite of the tax benefit you receive under Sec.80C.

 

Remember that you can pay as much premium as possible. However, the benefit of Sec.60C is limited to Rs.1,50,000 per annum and the premium must be 10% of the insured.

 

# Tax rate of ULIPs on maturity

The proposal to change the budget for 2021 was given here. Let us first try to understand the old rules that exist.

 

Tax on ULIPs (before 2021 budget)

Section 10 (10D) provides for a rebate on any money received under the ULP, including money allocated through bonuses on such policies. However, if the premium payable for any year during the term of the policy exceeds 10% of the actual insured, no discount will be allowed.

You may also like- Download and Prepare at a time 50 Employees Form 16 Part B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

 Tax on ULIPs (after 2021 budget)

Effective from 1st February 2021, no waiver will be allowed under Sec.10 (10D) if the amount of premium payable for any of the preceding policies exceeds Rs. 2,50,000.

However, if the total premium paid for a financial year is less than Rs.250,000 (including all multiple policies), you will enjoy duty-free maturity under Sec.10 (10D).

 

The Finance Bill, 2021 proposes to insert a new sub-section (1B) in section 45 so that a person can receive any amount under any ULIP at any time during the previous year so that no exemption is given under section 10 (10D).

You may also like- Download and Prepare at a time 100 Employees Form 16 Part A&B for the F.Y.2020-21 in Excel as per new and old tax regime U/s 115 BAC

 

Apply to the account of the Fourth and Fifth Provisions, including the money allocated through bonuses in the policy of providing, then, any profit or gain from such person receiving such amount will be applicable for tax under the heading "Capital Gain" in the previous year where such amount was received. . Moreover, income tax under this head will be calculated in the prescribed manner. Thus, the method of calculating income will be informed later.

 

Section 112A proposes to amend the definition of 'Equity-Oriented Fund' by the Finance Bill, 2021. It is proposed to cover the cover of the exemption under serial (10D) which will not be applicable due to the application of the fourth. And of the fifth Proviso. Even if a portion of the fund is invested in the O-based project, higher premium ULIPs will be considered as equity-oriented funds.

 

Thus, long-term capital gains are Rs. 1,00,000 will be taxable at the rate of 10% without index under the section 112A. Although the full amount of short-term capital gains will be taxable at the rate of 15% under section 111A. ULIPs will be considered as long-term capital assets if they hold short-term capital assets for more than 12 months and for 12 months or less.

Download Automated Income Tax Preparation Excel Based Software All in One for the Jharkhand State Government Employees for the F.Y.2021-22 and A.Y.2022-23

 

Salary Structure

Tax Computed Sheet

Form 16 Part B

Feature of this Excel Utility:-

 

1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)

 

2) This Excel Utility has an option where you can choose your option as New or Old Tax Regime

 

3) This Excel Utility has a unique Salary Structure for Jharkhand State Government Employee’s Salary Structure.

 

4) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22

 

5) Automated Income Tax Revised Form 16 Part B for the F.Y.2022-23

 

Wednesday, 9 June 2021

Download Automated Income Tax Software in Excel for the Jharkhand State Employees F.Y.2021-22 as per Budget 2021 with how to save income tax

 

Download Automated Income Tax Software in Excel for the Govt & Non-Govt Employees F.Y.2021-22 as per Budget 2021 with how to save income tax

 

Are you someone who likes Bollywood a lot? Do you think Bollywood life is glamorous? The lives of celebrities always seem exciting and full of glamour. They are always ahead when it comes to clothing, travel, or lifestyle. You must know that these actors are always given a jaw drop, they are paid a lot of money for everything they do, be it movies, music albums, commercials, or performances.

 

However, people are usually so blinded by these glamorous shows that they often forget that the higher the income, the higher the income tax.

You may also, like- Prepare at a time 50 Employees Form 16 Part B for the F.Y.2020-21 as per new and old tax regime U/s 115 BAC

 

Now, are you wondering how much land you will have to pay income tax this year? The following list shows the different tax rates for different categories of taxable income for the fiscal year 2020-2021.           

Section 80C-   Investments in PPF, PF, insurance, NPS, ELSS, etc. Max Rs.150,000

Section 80CCD-NPS investments 50,000

Section 80D-   Investment in medical insurance for self or parents   25,000/50,000

Section 80EE- Interest on Home loan Rs. 50,000

Section 80EEA-Interest on Home loan Rs.1,50,000

Section 80EEB-Interest on electric vehicle loan 1,50,000

Section 80E-Interest on education loan Full amount

Section 24-Interest paid on the home loan 200,000

Section 10(13A)-House Rent Allowance (HRA) as per salary structures

 

Income tax-saving tips

The Government of India also provides certain ways to reduce the income tax of taxpayers. The Income Tax Act, 1961 covers some tax savers including mutual funds, insurance premiums, NPS, medical insurance, home loans, and many more.

 

There are some departments that act as relief for taxpayers, as under these main departments, they can save taxes. These categories are 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80CCG, 80G G

They can certainly be helpful for income tax by many taxpayers, especially salaried employees. Exemptions and allowances for income tax are of utmost importance in the financial planning of any person or entity.

Therefore, the following table shows the categories and discount limits for each.

You may also, like- Prepare at a time 50 Employees Form 16 Part A&B for the F.Y.2020-21 as per new and old tax regime U/s 115 BAC

 

How to save income tax under section 80C?

Under Section 80C, there are a various investment and expense options through which you can claim a discount within the rupee limit. One and a half lakh rupees in the financial year. These options are as follows:

 

Equity Linked Savings Scheme (ELSS)

The Equity Linked Savings Scheme is the only mutual fund division that provides tax exemption under the Income Tax Act.

 

ELSS returns are higher than other income tax saving schemes in the long run because investments are made in the equity market but two things to keep in mind with ELSS are that it cannot be withdrawn for 3 years before the lock-in period and there is high risk because the investment Is in the equity market.

You may also, like- Prepare at a time 100 Employees Form 16 Part B for the F.Y.2020-21 as per new and old tax regime U/s 115 BAC

 

Certificate of National Conservation (NSC)

The NSC is another income tax protection strategy that comes with a 5-year term with the National Conservation Certificate providing a fixed rate of interest, which is currently 6.8% per annum.

The interest earned from this income tax protection strategy is a duty-saving option and under Section 80C, Rs. 1.5 lakh can be taken as a discount.

 

Public Provident Fund (PPF)

PPF One of the strategies to save income tax in Indiasought In PPF, long-term investment can be made with a term of 15 years. One can open a PPF account with minimum cash at banks and post offices.

 

PPF rates change quarterly, which is currently .1.1%. The funny thing about PPF is that PPF is interest-free.

Employees Provident Fund (EPF)

 

12% of the salaries of employees covered by the Employees Provident Fund are tax-free. So it is a beneficial income tax saving scheme for people in the service line.

Senior Citizens Protection Project (SCSS)

 

The current rate of interest is 7.4% (taxable). However, the discount limit is Rs 2,000. One and a half lakh rupees. This means that this limit can be taken under this scheme of tax exemption.

You may also, like- Prepare at a time 100 Employees Form 16 Part A&B for the F.Y.2020-21 as per new and old tax regime U/s 115 BAC

 

Tax exemptions do not depend on the child's class or level of education. This income tax saving scheme is for all types of parents including divorced, single parents, or those who have adopted children.

Home payment

 

In order not to hinder income tax in the process of buying their own house, Section 60 comes up with a scheme where these people, who are already paying EMI for their home loan, are exempted from paying income tax on interest.

 

They can claim tax exemption under section 80C.

 

What are the other income tax saving options?

Apart from Section 80C, there are other sections (mentioned earlier) that provide for income tax exemption. Here is some of the income tax saving options:

 

There are tax exemptions for contributions to the National Pension System (NPS). The discount limit is 1.5 lakh.

 

Exemption for medical insurance premiums U/s 80D. It's up to the rupee. 25,000, and Rs. 50,000 for senior citizens.

There is also a tax deduction on home loan interest; You have Rs. 60,000 under Section 80EE.

 

Download Autofill Income Tax Software in Excel for the Jharkhand State Employees for the F.Y.2021-22 & A.Y. 2022-23 as per Budget 2021

Salary Structure
 
Tax computed Sheet
Income Tax Form 16

Feature of this Excel Utility are-

 

1) Auto Calculate your Income Tax liability as per the new system (New and Old Tax Regime) U/s 115 BAC

 

2) Auto calculate House Rent Exemption Calculation U/s 10(13A)

 

3) Automated Income Tax Computed Sheet

 

4) Salary Structure as per the Jharkhand StateEmployees Salary Pattern.

 

5) Automated Income Tax Revised Form 16 Part A&B

 

6) Automated Income Tax Revised Form 16 Part B

Saturday, 22 May 2021

Income Tax Return filing- Opting for the new or old regime in the new form 10-IE| With Auto Fill Income Tax Calculator All in One for the Non-Govt (Private) Employees for F.Y.2021-22 as per Budget 2021

 

Filing an Income Tax Return: Are You Choosing a New Income Tax Regime? Then, there is a new Form 10-IE that you need to fill out. The Central Board of Direct Taxes (CBDT) has issued a notification to the candidates for the new tax discipline for the financial year 2020-21 to fill up a new form.Income Tax New Option Form 10-IE

Filing an Income Tax Return? Are You Choosing a New Income Tax Discipline? Then, there is a new form that you need to fill out. The Central Board of Direct Taxes (CBDT) has issued a notification to the candidates for the new tax discipline for the financial year 2020-21 to fill up a new form. The CBDT has introduced a new form 10-IE for opting for a new or old tax regime in October. You will need to file this form when you file an Income Tax Return (ITR) in case you have opted for the new regime.

You may also, like- Automated Income Tax Form 16 Part B for the F.Y.2020-21[This Excel Utility can prepare at a time 50 Employees Form 16 Part B]

Income Tax Form 16 Part B


During the Union Budget 2020speech, Finance Minister Nirmala Sitharaman announced the alternative tax regime. The new tax discipline is flexible and anyone who opts for it will have to anticipate most of the exemptions under Section 80C, 80D, 80TTA under the Income Tax Act for discounting the savings interest rate received from the bank account.

 

When filing an ITR, a taxpayer is required to take new action, as per the newly inserted section 115 of the Income-tax Act, 1961, through a new Form 10-Y notified by the CBDT.

 

The new tax system is only available to individuals and Hindu Undivided Families (HUFs). Any salaried person who has no business income can opt for the old or new tax system from F.Y 20 every year. The new government also introduced new tax rates.

 Income Tax Slab for the F.Y.2020-21


Download Automated IncomeTax Preparation Excel Based Software All in One for the Non-Government(Private) Employees for the Financial Year 2021-22 and Assessment Year 2022-23U/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 all amended Income Tax Section as per Budget 2021

 

3) Automated Income Tax Form 12 BA

 

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

 

5) Individual Salary Structure as per the Non-Govt (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.2021-22

 

9) Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22

 

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