Tax Sections Description Maximum Tax Exemption Limit (Rs.)180C/
80CCC/ 80CCD Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life
Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal repayment,
Tuition Fees, Stamp Duty.
Friday, 6 December 2019
Thursday, 5 December 2019
Section 80EEA
Budget 2019 proposes
the insertion of section 80EEA to increase the benefit of Tax Deduction on the
interest paid towards home loan up to Rs
45 lakhs for affordable housing. The additional tax deduction of Rs 1.50 lakhs
is for the home loan taken up to 31st March
2020. The cumulative benefit would be Rs
7 lakhs for 15 years loan.
Affordable Housing means a dwelling unit with carpet area
less than or equal to 60 square meters in metropolitan cities or 90 square
meter in cities or towns other than metropolitan cities of Bengaluru, Chennai,
Delhi National Capital Region (limited to Delhi, Noida, Greater Noida,
Ghaziabad, Gurgaon, Faridabad), Hyderabad, Kolkata and Mumbai
(whole of Mumbai Metropolitan Region).
Presently, in case of a self-occupied house, the benefit of
the tax deduction on the interest paid on home loan under section 24B is
restricted to Rs 2 lakhs and on the principal repayment of the home loan the limit is Rs 1.50 lacs under section 80C.
Tuesday, 3 December 2019
Friday, 29 November 2019
Download All in One TDS on Salary for Govt & Non-Govt Employees for the F.Y. 2019-20 With H.R.A. Exemption Calculation U/s 10(13A) + Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for F.Y.2019-20 + Automated Revised Income Tax Form 16 Part A&Band Form 16 Part B for F.Y. 2019-20
The feature of this Excel Utility is the following:-
1) This Excel Utility can prepare automatic Tax Calculation as
per new Finance Budget 2019
2) The Salary Structure as per the Govt and All of the Non-Govt(Private)
employee’s Salary Pattern
3) Automated Individually Salary Sheet for each Employee
4) Automated Income Tax Salary Sheet for each Employee
5) This Excel Utility calculate your House Rent Exemption
Calculation U/s 10(13A)
6) Automated Income Tax Form 16 Part A&B for F.Y. 2019-20 in
New Format
7) Automated Income Tax Form 16 Part B for the F.Y. 2019-20 in
New Format
8) Automated Arrears Relief Calculator U/s 89(1) with Form 10E
from F.Y. 2000-01 to F.Y. 2019-20
Thursday, 28 November 2019
If you have received any portion of
your salary in arrears or in advance, or you have received a family pension in
arrears, you are allowed to claim tax relief under section 89(1) read
along with Rule 21A.
Wednesday, 27 November 2019
If you have received any portion of
your salary in arrears or in advance, or you have received a family pension in
arrears, you are allowed to claim tax relief under section 89(1) read
along with Rule 21A.
Tuesday, 26 November 2019
Download All in One TDS on Salary for Govt & Non-Govt Employees for the F.Y.2019-2020 + H.R.A. Exemption Calculation U/s 10(13A) + Automated Arrears Relief Calculator U/s 89(1) with Form 10E
The feature of this Excel
Utility is the following:-
1) This Excel Utility can prepare automatic Tax Calculation as
per new Finance Budget 2019
2) The Salary Structure as per the All of Non-Govt(Private) employee’s
Salary Pattern
3) Automated Individually Salary Sheet for each Employee
4) Automated Income Tax Salary Sheet for each Employee
5) This Excel Utility calculate your House Rent Exemption
Calculation U/s 10(13A)
6) Automated Income Tax Form 16 Part A&B for F.Y. 2019-20 in
New Format
7) Automated Income Tax Form 16 Part B for the F.Y. 2019-20 in
New Format
8) Automated Income Tax Arrears Relief Calculator U/s 89(1) with
Form 10E
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