Introduction

The Budget 2025 has brought new changes to the New Tax Regime, making it more appealing for salaried individuals. Many people are still confused—“Can I claim deductions under the new regime?” The answer is yes, but with certain limits.

If you’re a salaried employee for F.Y. 2025-26, you should know exactly what benefits you can get. And the easiest way to calculate everything? Using Income Tax Preparation Software All-in-One in Excel—a smart, user-friendly tool that automates your tax calculation without complicated formulas.

In this guide, we’ll break down the deductions available in the new tax regime, explain how they work, and show you how Excel-based tax software can save you hours of stress. Think of it as having a financial GPS—guiding you straight to maximum savings without wrong turns.

Table of Contents

Sr#	Headings
1	Understanding the New Tax Regime 2025
2	Key Features of the New Tax Regime
3	Who Should Opt for the New Tax Regime?
4	Deductions Allowed in the New Tax Regime
5	Standard Deduction for Salaried Persons
6	Deduction for EPF and NPS Contributions
7	Leave Travel Allowance (LTA) Benefit
8	Employer’s Contribution to NPS
9	Transport Allowance for Differently-Abled Employees
10	Family Pension Deduction
11	How Automatic Income Tax Preparation Software All-in-One in Excel Works
12	Step-by-Step Process to Use the Excel Software
13	Advantages of Using Excel-Based Tax Preparation Tools
14	Common Mistakes to Avoid in Tax Filing
15	Final Tips for Maximising Your Savings

1. Understanding the New Tax Regime 2025

The New Tax Regime, introduced in 2020 and enhanced in Budget 2025, offers lower tax rates but with limited deductions compared to the old regime. It’s designed for simplicity—fewer exemptions, fewer calculations, and faster filing.

2. Key Features of the New Tax Regime

• Lower tax slabs compared to the old regime.
• Standard deduction introduced for salaried individuals.
• Limited deductions but faster, easier compliance.
• No need to submit multiple proofs for most exemptions.

3. Who Should Opt for the New Tax Regime?

You may benefit from the new regime if:

• You don’t have significant tax-saving investments.
• You want faster, paperless filing.
• Your annual income is moderate, and you prefer lower rates over multiple deductions.

4. Deductions Allowed in the New Tax Regime

While most traditional exemptions like 80C, 80D, and HRA are unavailable, you still get:

• Standard deduction for salaried employees.
• Employer’s contribution benefits.
• Specific allowances for special categories.

5. Standard Deduction for Salaried Persons

Budget 2025 retains the ₹75,000 standard deduction for salaried individuals and pensioners. This is automatically applied—no paperwork required.

6. Deduction for EPF and NPS Contributions

While your own contribution to EPF or NPS is not deductible under most sections in the new regime, your employer’s contribution to NPS (up to 10% of salary) is still exempt.

7. Leave Travel Allowance (LTA) Benefit

LTA is not generally available in the new regime—unless specified for government employees in special cases. Always check with your HR before claiming.

8. Employer’s Contribution to NPS

Under Section 80CCD(2), your employer’s contribution to NPS up to 10% of basic + DA is deductible even in the new regime.

9. Transport Allowance for Differently-Abled Employees

Differently-abled employees get a transport allowance exemption of ₹3,200 per month, even under the new regime.

10. Family Pension Deduction

If you receive a family pension, you can claim the lesser of:

• ₹15,000
• Or one-third of the pension amount

11. How Automatic Income Tax Preparation Software All-in-One in Excel Works

This Excel-based software is pre-programmed with the latest tax rules from Budget 2025. You simply enter:

• Salary details
• Allowances
• Deductions (if any)

It instantly calculates your tax liability—just like a calculator on steroids, but without the risk of human error.

12. Step-by-Step Process to Use the Excel Software

1. Download the latest version from the link below
2. Enter personal details (Name, PAN, etc.).
3. Fill salary breakup from your Form 16.
4. Add employer contributions if applicable.
5. Review the auto-generated tax report.

13. Advantages of Using Excel-Based Tax Preparation Tools

• Accuracy – No manual miscalculations.
• Time-saving – Complete tax in minutes.
• Budget-friendly – No expensive software needed.
• Offline access – No internet required.

14. Common Mistakes to Avoid in Tax Filing

• Choosing the wrong tax regime.
• Forgetting employer NPS contributions.
• Missing the family pension deduction.
• Not using updated tax software.

15. Final Tips for Maximising Your Savings

• Compare both regimes before filing.
• Use Income Tax Preparation Software All-in-One in Excel to avoid errors.
• Keep all payslips and proof documents handy.

Conclusion

The New Tax Regime 2025 offers simplicity, but you still need to know the deductions you can claim. By combining your knowledge with Income Tax Preparation Software All-in-One in Excel, you can file confidently and save more. Think of it as your financial co-pilot—keeping you on the right track without turbulence.

FAQs

1. Can I claim 80C deductions under the new tax regime?
   No, most deductions under 80C are not available in the new regime.
2. Is the standard deduction available in the new regime?
   Yes, salaried employees get a ₹75,000 standard deduction.
3. Does the Excel tax software work for both regimes?
   Yes, it can calculate tax for both old and new regimes.
4. Can I use the software without the internet?
   Yes, Excel-based tax software works offline.
5. Is the new tax regime better than the old one?
   It depends on your income and deductions—compare both before deciding

Download Auto Calculate Income Tax Preparation Software All in One in Excel for Government and Non-Government Employees for the Financial Year 2025-26 as per Budget 2025

Features of this Excel Utility:

1. This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (covering both the New and Old Tax Regime).
2. This Excel utility lets you choose between the New and Old Tax Regime.
3. This Excel utility provides a unique salary structure for both Government and Non-Government Employees.
4. This Excel utility includes an Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E, covering the F.Y. 2000-01 to F.Y. 2025-26 (Updated Version).
5. This Excel utility generates an Automated Income Tax Revised Form 16 Part A&B for the F.Y. 2025-26.
6. This Excel utility produces an Automated Income Tax Revised Form 16 Part B for the F.Y. 2025-26.

   

 

On August 18, 2025 by www.taxexcel.net

Share It

No Comments

Read More

  

Introduction

The New Tax Regime for the Financial Year 2025-26 (Assessment Year 2026-27) has caught the attention of both Government and Non-Government employees. In other words, with reduced tax rates and simplified slabs, it promises more take-home income and less calculation stress. But here’s the catch—understanding these benefits can still feel like reading a complex puzzle.  However, that’s where Automatic Income Tax Preparation Software in Excel with Form 10E comes in, making your tax journey as smooth as a freshly paved road.

Table of Contents

Sr#	Headings
1	Understanding the New Tax Regime for FY 2025-26
2	Key Differences Between Old and New Tax Regime
3	Who Can Benefit from the New Tax Regime?
4	Tax Slabs and Rates Under the New Regime
5	Standard Deduction in the New Tax Regime
6	Common Deductions Not Available in the New Regime
7	Why Form 10E Matters for Arrears Relief
8	How Automatic Income Tax Preparation Software Helps
9	Features of Income Tax Calculator All in One with Form 10e
10	Step-by-Step Process of Using the Excel Tool
11	Benefits for Government Employees
12	Benefits for Non-Government Employees
13	Accuracy and Time-Saving Advantages
14	Budget 2025 Highlights Affecting the New Regime
15	Final Thoughts on Choosing the Right Regime

1. Understanding the New Tax Regime for FY 2025-26

The New Tax Regime offers reduced tax rates and simplified structures, aiming to benefit salaried individuals. Therefore, it is optional, meaning you can choose it if it suits your financial situation.

2. Key Differences Between Old and New Tax Regime

The old regime allows numerous deductions and exemptions, while the new regime focuses on lower rates with minimal deductions. It’s like choosing between a buffet with many small dishes or a set menu with fewer but larger servings.

3. Who Can Benefit from the New Tax Regime?

This regime is particularly useful for taxpayers who do not claim multiple deductions, such as those without housing loan interest, large insurance premiums, or significant investments in tax-saving instruments.

4. Tax Slabs and Rates Under the New Regime

For FY 2025-26, the slabs under the new regime are structured to reduce tax burdens for most middle-income earners. Lower rates apply to each slab, making it attractive for those with straightforward salary structures.

5. Standard Deduction in the New Tax Regime

A standard deduction of ₹75,000 is now available under the new regime, as announced in Budget 2025. This helps increase your taxable income relief without needing additional paperwork.

6. Common Deductions Not Available in the New Regime

You will miss out on deductions like 80C, 80D, and HRA exemption. This is a trade-off—lower tax rates in exchange for fewer claims.

7. Why Form 10E Matters for Arrears Relief

If you receive salary arrears, you must submit Form 10E to claim relief under Section 89(1). Without it, your tax filing could face complications and possible notices from the Income Tax Department.

8. How Automatic Income Tax Preparation Software Helps

The Excel-based Automatic Income Tax Preparation Software simplifies everything—tax calculations, arrears relief computation, and salary sheet generation—without needing advanced tax knowledge.

9. Features of Income Tax Calculator All in One with Form 10e

• Pre-built formulas for tax computation
• HRA exemption calculation
• Arrears relief calculation with Form 10E
• Salary sheet generation for both Govt and Non-Govt employees
• Instant tax liability display

10. Step-by-Step Process of Using the Excel Tool

1. Enter your personal and salary details
2. Select the financial year and regime option
3. Input arrears details (if any) for Form 10E
4. Review the automatically generated computation sheet
5. Save and use the report for filing returns

11. Benefits for Government Employees

Government employees can save significant time with inbuilt salary structures specific to government pay scales, making calculations accurate and compliant.

12. Benefits for Non-Government Employees

Private sector employees benefit from customisation options for variable salary components like bonuses, allowances, and performance incentives.

13. Accuracy and Time-Saving Advantages

Manual tax calculation is like solving a 500-piece jigsaw puzzle in the dark. The Excel tool lights up the room, helping you finish in minutes without mistakes.

14. Budget 2025 Highlights Affecting the New Regime

The Budget 2025 increased the standard deduction, adjusted slabs for inflation, and confirmed that the new regime remains the default tax option unless opted out.

15. Final Thoughts on Choosing the Right Regime

Choosing between old and new regimes depends on your deduction claims and financial goals. The Excel tool with Form 10E ensures that whichever you choose, your filing is seamless.

Understanding the New Tax Regime for FY 2025-26

The New Tax Regime introduced for the Financial Year 2025-26 (Assessment Year 2026-27) is designed to make taxation simpler and fairer for individuals. It follows the philosophy that a straightforward system is easier for both the taxpayer and the Income Tax Department to manage. The Government has tried to reduce the dependency on multiple deductions and exemptions, and instead, it focuses on lower tax rates for everyone.

In practical terms, this means fewer complicated calculations, fewer forms to fill out, and faster processing when you file your tax return. It also reduces the chances of disputes or reassessments because there are fewer points where mistakes can happen.

The New Tax Regime is now the default tax system for salaried individuals unless they specifically opt for the old regime. So if you don’t make a choice, you’ll be automatically taxed under the new regime.

Key Differences Between Old and New Tax Regime

Think of the old regime as a detailed shopping bill with dozens of small discounts here and there, and the new regime as a flat 20% sale on the entire bill. In the old regime, you could reduce your taxable income through many exemptions like HRA, LTA, and deductions under various sections such as 80C, 80D, and 80E.

In the new regime, you don’t get these deductions, but the income tax slabs are much lower. This is why it’s important to calculate and compare both regimes before deciding which one saves you more money.

For many taxpayers who do not have large housing loans or significant investments in tax-saving instruments, the new regime often results in a lower tax outgo.

Who Can Benefit from the New Tax Regime?

You might benefit from the new tax regime if:

• You don’t have a home loan or you’ve already repaid it.
• You don’t invest heavily in 80C instruments like PPF, NSC, or ELSS.
• Your employer does not give you substantial allowances that are tax-exempt under the old regime.
• You prefer a no-hassle approach to tax filing without tracking multiple receipts and proofs.

For Government employees, the new regime can be attractive if their salary structure is straightforward without many special allowances. For Non-Government employees, especially in the private sector with variable pay, the reduced rates can significantly increase monthly take-home salary.

Tax Slabs and Rates Under the New Regime

For FY 2025-26, the Income Tax slabs under the new regime are as follows:

• Income up to ₹3 lakh: No tax
• ₹3 lakh to ₹7 lakh: 5%
• ₹7 lakh to ₹10 lakh: 10%
• ₹10 lakh to ₹12 lakh: 15%
• ₹12 lakh to ₹15 lakh: 20%
• Above ₹15 lakh: 30%

If your income is up to ₹7 lakh, you are eligible for a rebate under Section 87A, which means you pay zero tax.

Standard Deduction in the New Tax Regime

One of the big improvements in Budget 2025 is the increased standard deduction of ₹75,000 under the new regime. This directly reduces your taxable salary without needing you to provide any proof or documentation.

For example, if your salary is ₹10,00,000, the taxable amount will be ₹9,25,000 after applying the standard deduction. This is a direct saving without paperwork.

Common Deductions Not Available in the New Regime

While the new regime offers lower tax rates, you lose access to certain deductions, such as:

• Section 80C (Investments like PPF, NSC, ELSS, Life Insurance)
• Section 80D (Medical insurance premium)
• HRA exemption under Section 10(13A)
• LTA exemption for travel expenses
• Home loan interest deduction under Section 24(b)

This is why it’s important to compare the old vs the new regime before finalising.

Why Form 10E Matters for Arrears Relief

If you received salary arrears, they can increase your taxable income in the current year, possibly pushing you into a higher tax slab. Form 10E helps you spread this income over the years it actually belongs to, reducing your tax burden.

Without Form 10E, your claim for arrears relief under Section 89(1) can be denied by the Income Tax Department.

How Automatic Income Tax Preparation Software Helps

Manually calculating taxes, especially when arrears are involved, is like trying to solve a Rubik’s cube blindfolded—it’s possible, but not fun. The Automatic Income Tax Preparation Software in Excel takes away the stress by automatically:

• Applying the correct tax slabs for the selected regime
• Calculating standard deductions
• Generating Form 10E for arrears relief
• Creating salary sheets in seconds

Features of Income Tax Calculator All in One with Form 10e

This Excel-based tool is designed for both Government and Non-Government employees and includes:

• Automatic tax computation based on your inputs
• Built-in salary structures for quick entry
• HRA calculation under Section 10(13A) (for old regime users)
• Arrears relief calculation with Form 10E generation
• Printable reports for filing purposes

Step-by-Step Process of Using the Excel Tool

1. Open the Excel tool and select your financial year.
2. Choose your tax regime—old or new.
3. Enter your salary and allowance details.
4. Add arrears information if applicable.
5. Review the automatically generated tax computation sheet.
6. Print or save the sheet for your records.

Conclusion

The New Tax Regime for FY 2025-26 brings simpler tax slabs and reduced rates, ideal for many salaried individuals. With the Income Tax Calculator All in One with Form 10e, you can effortlessly calculate, compare, and file taxes—whether you’re in the government or private sector. It’s the perfect blend of tax-saving potential and technological convenience.

FAQs

1. What is the main advantage of the New Tax Regime for FY 2025-26?
   It offers lower tax rates and a simplified structure, ideal for taxpayers without multiple deductions.
2. Can I switch between the old and new tax regime?
   Yes, salaried individuals can choose each year, but business owners face restrictions.
3. Why is Form 10E important?
   It’s mandatory for claiming arrears relief under Section 89(1).
4. How does the Income Tax Calculator All in One with Form 10e help?
   It automates tax computation, salary sheet creation, and Form 10E preparation, saving time and ensuring accuracy.
5. Is the new regime beneficial for all taxpayers?
   Not necessarily—it depends on your deductions and exemptions under the old regime.

Download Automatic Income Tax Preparation Software in Excel with Form 10E for the Government and Non-Government Employees for the F.Y.2025-26.

[This powerful Excel Calculator prepares your Tax Computed Sheet instantly as per Budget 2025. It includes an inbuilt salary structure for both Government and Non-Government employees, generates an automatic salary sheet, and calculates HRA exemption under Section 10(13A) automatically. It also computes Income Tax Arrears Relief under Section 89(1) with Form 10E, prepares Automatic Form 16 Part A and B, and generates Automatic Income Tax Form 16 Part B—all in one convenient Excel tool.]

  

On August 13, 2025 by www.taxexcel.net

Share It

No Comments

Read More

 

 Filing your income tax return shouldn't feel like decoding a rocket launch sequence. Yet, each financial year, many individuals find themselves juggling numerous forms, tax slabs, exemptions, and deductions, often ending up overwhelmed or, worse still, with filing mistakes. But here’s the good news for the fiscal year 2025-26: there's an easy solution!

The Automatic Income Tax Preparation Excel-Based Software All in One is built precisely to handle the confusion. Whether you’re a central government teacher, a state clerk, or a private-sector employee managing your salary structure, this Excel-based utility makes tax prep straightforward and accurate.

The best part? It includes Form 10E integration—crucial if you're claiming relief under section 89(1). Therefore, it also covers both old and new tax regimes, saving you time and helping you make smart financial decisions before submitting your ITR.In other words, this guide will take you through every nook and cranny of this tool, explain how it works, and show you why it's a must-download for every salaried individual this financial year.

 However, Introduction to Income Tax Preparation for FY 2025-26

Why Income Tax Filing is Crucial

Everyone earning an income in India is subject to income tax laws. In addition, filing your return not only helps you stay compliant with the law but also benefits you in various ways, like claiming refunds, availing loans, or even applying for visas. For FY 2025-26, with inflation-adjusted exemptions and changes between the old and new tax regimes, understanding your tax liability is more important than ever.

Above all, the income tax department has made it mandatory for salaried individuals to disclose complete income details, deductions, and tax reliefs via structured forms such as Form 16, 10E, and the final ITR. Missing even one detail could cost you in penalties or missed refunds.

Most people make errors either due to calculation mistakes or by choosing the wrong tax regime. This is where a reliable, all-in-one Excel-based tax software becomes essential. It automates the process and eliminates human error.

After that, Major Changes in FY 2025-26 Tax Rules

If you’re filing taxes for FY 2025-26, take note of the new updates:

• The standard deduction continues under the new regime.
• Tax Rebate u/s 87A revised under new slab.
• Change in TDS thresholds for salaried and pension income.
• Enhanced limits on Section 80C, 80D, and housing loan interest under the old regime.

Similarly, the Excel-based tool is up-to-date with all these changes, ensuring you won’t miss a single applicable exemption or deduction.

The Importance of Using an Excel-Based Income Tax Software

Time-Saving Benefits

You probably have better things to do than to calculate your income tax liabilities manually. Excel-based software offers speed, especially when dealing with multiple income heads, exemptions, and deductions.

Here’s a scenario: You're a school teacher in the government sector. You have basic pay, DA, HRA, and maybe a few allowances. You also claim deductions under 80C for LIC, PPF, or tuition fees. Manually tallying all of this? That's hours of work and tons of room for error.

With this tool, you just plug in the numbers, and it does the math. From salary breakup to final tax payable, including Form 10E relief, everything is handled within minutes.

Accuracy and Reduced Errors

Unlike manual calculation, where one wrong digit can throw off your whole return, the Excel tool uses embedded formulas to minimise mistakes. Whether it’s computing house rent exemption, rebate under section 87A, or tax under both regimes, every formula is pre-built.

In short, you reduce your chances of facing notices from the IT department for under-reported income or over-claimed deductions. Accuracy is no longer a challenge; it’s a guarantee.

What Is Automatic Income Tax Preparation Excel-based Software?

Features and Functionalities

This tool isn’t your average spreadsheet. It's a full-blown automated engine built in Microsoft Excel, with visual tabs, input forms, and summary dashboards. Here's what it does:

• Auto-calculates total income, tax payable/refundable
• Supports both the Old Tax Regime and the New Tax Regime
• Generates Form 16 Part A & B
• Includes Form 10E with all required annexures
• Accepts multiple deductions (80C, 80D, 80E, 80G, etc.)
• Highlights: TDS deducted and balance tax to be paid
• Works offline, ensuring your data stays private

The software is especially popular among accountants, school staff, clerks, engineers, and professionals who don’t want to pay for high-end tax portals but still want complete functionality.

Difference from Manual Filing

Manual filing using a calculator or paper form leaves a lot of room for human error. Plus, referencing multiple websites for tax slab details, exemptions, and deductions is a nightmare.

The Excel-based software centralises everything. Think of it as your virtual CA—always ready, always precise, and never charging you a dime for each session. Manual methods also fail to give real-time tax regime comparisons. This tool does that instantly, helping you choose what's best for you.

Who Can Use This Software?

For Government Employees

Government employees—be it central, state, or local—often have complex pay structures with multiple allowances, LTC, HRA, and pensions. This software accommodates all of that.

If you're a government school teacher or a revenue officer, you’ll find the salary and deduction fields highly relatable and customizable. Bonus? It prepares Form 16 automatically, which you can directly issue to subordinates or submit with your ITR.

For Non-Government Employees

Private-sector workers have different income structures, often including bonuses, stock options, or professional tax. The software handles this just as easily. Whether you are in IT, banking, or a factory job, all income components can be broken down and analysed to determine exact tax liability.

Freelancers or part-time workers? Even though your earnings aren’t salaried, the software allows for customisation in income head fields, ensuring accurate return filing and reduced scrutiny.

What Is Form 10E and Why Does It Matter?

Definition and Use

Form 10E is an official form issued by the Income Tax Department of India that allows individuals to claim relief under Section 89(1). Wondering what that means? Let’s break it down.

Say you receive arrears, or advance salary or pension income that belongs to previous years but is paid in the current financial year. Naturally, this lumps up your total income, pushing you into a higher tax slab. That's unfair because that income was meant for previous years, when you might've had a lower taxable income.

Form 10E helps you claim relief for this additional tax burden by recalculating your tax liability for those previous years and adjusting it against the current year. Without this form, you can’t legally claim relief, even if you qualify. The ITR portal may even reject your return or delay refund processing if Form 10E isn’t filed.

How It Reduces Tax Burden

This is where the real money-saving magic happens. Form 10E splits your arrears or advance income and reassigns it to the year it actually belongs to. It then computes the difference in tax with and without that lump sum and grants you the lower tax liability.

For example:

• You received ₹1,50,000 as arrears for FY 2022-23 in FY 2025-26.
• Without Form 10E, that entire ₹1.5 lakh is taxed as per FY 2025-26 slabs.
• With Form 10E, it’s proportionately split and taxed as if it were earned in FY 2022-23, which may result in significantly less tax.

This automatic Excel software auto-generates Form 10E with all necessary annexures, helping you file it correctly without the struggle of separate online filing.

Key Features of the Software

Auto Calculation and Tax Slabs

This tool doesn’t just crunch numbers—it understands the rules behind them. That means it automatically:

• Identifies your age category (below 60, senior, or super senior)
• Applies the correct income tax slab under the Old and New regime
• Calculates deductions under Sections 80C, 80D, 80G, 80TTA, and more
• Applies rebates like 87A, standard deduction, and professional tax

Let’s say your income is ₹8,50,000, and you’ve invested ₹1.5 lakh under 80C. The software will:

• Apply the standard deduction
• Deduct 80C
• Show your net taxable income
• Suggest which regime saves you more
• Display your final tax payable

Everything is updated as per F.Y. 2025-26 rules, so you’re never working with outdated logic.

Auto-Fill for Form 16 and 10E

Another standout feature is its capability to auto-generate Form 16 Part A & B and Form 10E. No more filling out multiple templates or consulting HR. If you're an employer, this can save hours when generating Form 16s for staff.

Form 16 includes:

• Complete salary breakup
• Deductions claimed
• Tax already deducted
• Final tax payable or refund

Form 10E, on the other hand, is smart enough to:

• Accept multiple arrears
• Split them year-wise
• Match current vs past slab differences
• Calculate the relief amount
• Present the form in an ITR-friendly format

All you have to do is enter your data once—the tool handles the rest.

How to Download and Install the Excel-Based Tool

System Requirements

Before you rush to download, make sure your system is compatible. The software is designed to work on most Windows PCs, even older ones, provided you have:

• Microsoft Excel 2003 or later
• Macros enabled in Excel (this is crucial)

No internet connection is needed once downloaded, which means complete offline access and privacy.

Step-by-Step Installation Guide

1. Download from the link given below
2. Click on the Download Excel File link below.
3. Save the file to your desktop or a folder of your choice.
4. Open the Excel file. You’ll get a prompt asking to enable macros—click "Enable Content".
5. Navigate through the sheets using provided tabs: “Basic Info”, “Salary Details”, “Deductions”, “Tax Computation”, “Form 16”, and “Form 10E”.

It’s plug-and-play. No need for software installation, registry edits, or admin permissions. You can even copy it to a USB and use it on other systems.

How to Use the Tool for Tax Filing

Entering Salary and Income Details

The process is designed to be extremely user-friendly. You begin with:

• Your name, PAN, DOB, and assessment year
• Salary details like Basic Pay, DA, HRA, Bonus, LTC, etc.
• Additional incomes (interest, rent received, pension, etc.)

There's a section to input TDS already deducted by your employer or bank, which the software then adjusts while computing the final tax.

If you’ve changed jobs during the year, the software allows you to enter multiple employers and generates a consolidated Form 16 accordingly.

Generating Forms and Final Reports

Once all data is entered:

• Navigate to the “Tax Computation Sheet”
• It shows gross income, deductions, taxable income, total tax, TDS deducted, and refund (if any)
• A clear comparison of the Old vs. the New regime helps in deciding which to choose

After reviewing, click on the tabs for:

• Form 16 Part A & B – formatted for print
• Form 10E – auto-filled with arrears data and calculations
• Final Summary Report – ideal for record-keeping or CA submission

With everything done, you can file your ITR online by copy-pasting the calculated data or generating a PDF copy of the reports.

In conclusion, Benefits over Other Tax Filing Software

Simplicity and Compatibility

Unlike paid portals that bombard you with ads, push for upgrades, or store your data online, this tool keeps it simple and private. It's a no-nonsense alternative to www.pranabbanerjee.com, www.apnataxplan.in, or www.itaxsoftware.net

• No login required
• No learning curve
• No forced cloud uploads
• No hidden charges

It's just Excel—something most of us are already familiar with.

Download the Automatic Income Tax Preparation Excel Tool for FY 2025-26 with Form 10E—Perfect for Government and Private Employees.

[This Excel-based Income Tax Software automatically generates your Tax Computation Sheet as per the latest Budget 2025 updates. It includes an inbuilt salary structure tailored for both Government and Non-Government employees. The tool auto-creates a comprehensive Salary Sheet, calculates HRA Exemption under Section 10(13A), and computes Income Tax Arrears Relief under Section 89(1) along with Form 10E. Additionally, it prepares Form 16 Part A & B and Form 16 Part B automatically, making tax filing for FY 2025-26 easier, faster, and error-free.]

On August 12, 2025 by www.taxexcel.net

Share It

No Comments

Read More

  

Introduction

Are you a government employee in West Bengal wondering whether the new tax regime under Budget 2025 is better for you? You’re not alone. Many salaried individuals are scratching their heads trying to choose between the old and new tax regimes. But what if we told you that an Automatic Income Tax Preparation Software All in One in Excel could make this decision (and your tax filing) a whole lot easier?

This article breaks down the advantages of the new tax regime as per Budget 2025 for FY 2025-26 in simple terms, especially tailored for West Bengal Govt employees. Think of this guide as your GPS in the world of taxes, steering you smoothly through the confusing lanes of deductions, exemptions, and slab rates.

Table of Contents

Sr#	Headings
1	What is the New Tax Regime under Budget 2025?
2	Old Tax Regime vs New Tax Regime: What’s the Difference?
3	Why Budget 2025 Gave a Boost to the New Tax Regime
4	Income Tax Slab Rates for FY 2025-26 (New Regime)
5	Top 10 Advantages of the New Tax Regime for Salaried Employees
6	How West Bengal Govt Employees Can Benefit Specifically
7	Who Should Choose the New Tax Regime?
8	Role of Automatic Income Tax Preparation Software in Excel
9	How the Excel Software Helps Compare Old vs New Tax Regime
10	Easy Steps to Use the Excel Tax Software for FY 2025-26
11	Common Mistakes Taxpayers Make While Filing Taxes
12	How Form 10E Fits in the Equation
13	Important Deadlines and Filing Tips for FY 2025-26
14	Final Word: Is the New Tax Regime the Future?
15	FAQs about New Tax Regime and Excel Tax Software

1. What is the New Tax Regime under Budget 2025?

The New Tax Regime, introduced and revamped in Budget 2025, offers simplified tax slabs with reduced tax rates but without most deductions and exemptions. It aims to make tax filing easier, quicker, and more transparent for all.

2. Old Tax Regime vs New Tax Regime: What’s the Difference?

The Old Tax Regime allows you to claim various deductions (like 80C, HRA, LTA, etc.), but comes with higher slab rates.
The New Regime, in contrast, offers lower slab rates but restricts common deductions. It’s like choosing between à la carte and buffet — one offers flexibility, the other offers simplicity.

3. Why Budget 2025 Gave a Boost to the New Tax Regime

Budget 2025 made the New Regime the default option for all taxpayers, signalling the government’s focus on simplification. It has also offered increased rebate limits and lower surcharge rates under this regime, making it more lucrative.

4. Income Tax Slab Rates for FY 2025-26 (New Regime)

Here’s a quick look at the slabs under the new regime:

• ₹0 – ₹3 lakh: Nil
• ₹3 – ₹6 lakh: 5%
• ₹6 – ₹9 lakh: 10%
• ₹9 – ₹12 lakh: 15%
• ₹12 – ₹15 lakh: 20%
• Above ₹15 lakh: 30%

The rebate under Section 87A is now available for income up to ₹7 lakh, effectively making it tax-free.

5. Top 10 Advantages of the New Tax Regime for Salaried Employees

1. Lower tax rates
2. No need for investment proofs
3. Straightforward filing process
4. Faster refund processing
5. Ideal for young earners
6. Better for those without home loans or major deductions
7. Higher in-hand salary
8. Suit gig and contract workers
9. Default regime — easier compliance
10. Reduced surcharge for high-income earners

6. How West Bengal Govt Employees Can Benefit Specifically

West Bengal Govt employees often fall in salary slabs between ₹6 to ₹12 lakh. Under the New Regime, they stand to save more on tax if they don't fully utilise deductions under the old regime. The new slab structure aligns well with their pay bands and DA increases.

7. Who Should Choose the New Tax Regime?

Ask yourself — Do I invest regularly in tax-saving instruments like PPF, ELSS, or pay home loan interest?
If your answer is no, the New Regime is likely more beneficial. It’s particularly ideal for those without major deductions.

8. Role of Automatic Income Tax Preparation Software in Excel

This Excel-based utility is a game changer. It simplifies tax calculations and supports both old and new tax regimes. You just enter your salary details, and it automatically computes your tax, compares regimes, and even prepares your Form 16 and Form 10E.

9. How the Excel Software Helps Compare Old vs New Tax Regime

With just a few clicks, the software compares your tax liability under both regimes. It uses updated Budget 2025 rules and gives a clear picture, which helps you make the right choice.

10. Easy Steps to Use the Excel Tax Software for FY 2025-26

1. Download the utility
2. Enable macros
3. Enter your basic details
4. Select salary structure (Govt or Non-Govt)
5. Input allowances and deductions
6. View side-by-side comparison
7. Download Form 10E or Form 16

11. Common Mistakes Taxpayers Make While Filing Taxes

• Ignoring rebate eligibility
• Not checking regime-wise tax impact
• Filing without verifying salary structure
• Skipping Form 10E while claiming relief
• Missing deadlines or wrong assessment year

12. How Form 10E Fits in the Equation

Form 10E is crucial if you are claiming relief under Section 89(1) for arrears or advance salary. The Excel software includes an auto-generated Form 10E, so you won’t miss this vital step.

13. Important Deadlines and Filing Tips for FY 2025-26

• Form 16 Issuance: By June 15, 2025
• ITR Filing Deadline: July 31, 2025
• Belated Return Deadline: December 31, 2025
  Tip: Use the Excel software before Form 16 arrives to estimate your refund or payable tax early.

14. Final Word: Is the New Tax Regime the Future?

Yes, the New Tax Regime is gaining traction because of its simplicity, lower tax rates, and ease of filing. While the old regime still suits some, the future points to fewer deductions and more transparency.

15. FAQs about New Tax Regime and Excel Tax Software

Q1. Is the new tax regime mandatory from FY 2025-26?
No. It's the default, but you can still opt for the old regime if it suits you better.

Q2. Can West Bengal Govt employees claim HRA under the new regime?
No. Most deductions, including HRA, are not allowed under the new regime.

Q3. How does the Excel software compare the regimes?
It calculates tax under both and highlights the one with lower liability instantly.

Q4. Do I need to submit Form 10E under the new tax regime?
Only if you are claiming relief for arrears, the software generate Form 10E automatically.

Q5. Is the Excel software safe and easy to use?
Yes. It’s macro-enabled, offline, and user-friendly even for non-tech-savvy users.

16. Real-Life Example: Comparing Two WB Govt Employees

Let’s take two West Bengal Govt employees:

• Employee A earns ₹10,00,000 annually but doesn't invest much in 80C, 80D, or a housing loan.
• Employee B earns the same but maximises deductions (₹1.5 lakh in 80C, ₹50,000 in NPS, ₹25,000 in 80D).

Using the Excel software, here’s what they discover:

Details	Old Regime Tax	New Regime Tax
Employee A	₹85,800	₹62,400 ✅
Employee B	₹57,200 ✅	₹62,400

This comparison clearly shows that the new regime benefits Employee A, while the old regime favours Employee B due to higher deductions. The Excel tool’s side-by-side calculator helps users identify their best option quickly and confidently.

17. Why Simplicity Matters in Tax Filing

Let’s face it — tax filing isn’t fun. It’s often stressful, especially when you're dealing with multiple forms, deductions, and last-minute PAN/Aadhar mismatches. But with the New Tax Regime:

• You don’t need to worry about keeping receipts for ELSS or LIC
• No need to claim or calculate complex allowances
• Just enter your total income and pay the appropriate tax as per the slab

Combine this with the Excel tool, and filing becomes a matter of minutes, not hours.

18. Enhanced Features of the Excel Income Tax Software

This software isn’t just a calculator — it’s a complete income tax solution. Here's what you get:

• All-in-One Dashboard: Choose between Old and New Regime instantly
• Pre-fed Budget 2025 slab rates
• Auto-generated Form 16 Part A and B
• Automated HRA, 80C, and other deduction calculations
• Form 10E generator for relief under Sec 89(1)
• Validation checks to ensure no data errors
• Designed specifically for the West Bengal Govt pay structure

19. Benefits for Retiring Employees in FY 2025-26

Employees retiring this year may receive gratuity, leave encashment, or arrears. The Excel software:

• Calculates tax on retirement benefits
• Applies relief under Section 89(1)
• Helps fill Form 10E to reduce excess tax
• Ensures they choose the most beneficial regime in a life-changing financial year

20. Mobile and Offline Accessibility: Why It Matters

Unlike online portals, which require login credentials, OTPs, and high-speed internet, this Excel-based tool is:

• Fully offline
• No login needed
• Safe on the Govt office computers
• Compatible with Windows-based Excel 2010 to 2021

This makes it highly usable in rural areas, schools, hospitals, or state departments where the internet may not be stable.

21. Compatibility with WB Govt Salary Formats

The software is pre-built with West Bengal State Govt salary structures, including:

• DA components
• IR (Interim Relief)
• Arrears
• GPF deductions
• Group Insurance
• Bonus payouts

This ensures the tax sheet aligns perfectly with Form 16 issued by state departments.

22. Encouraging Financial Awareness Among Employees

The new tax regime encourages individuals to focus on take-home pay and financial literacy. The Excel software complements this by helping users:

• Understand their net taxable income
• See the effect of different investment scenarios
• Make informed decisions without depending on agents

23. Updates and Future-Proofing

The Excel utility is updated every financial year, so users will:

• Get the latest slab rates, limits, and budget changes
• Have access to updates related to rebates and surcharges
• Stay aligned with CBDT guidelines and ITR schema

This future-proofing makes it a long-term solution, not a one-time tool.

24. The Human Element: Peace of Mind

Imagine finishing your tax filing with zero confusion, no errors, and no rush to CAs. That’s the kind of peace the new regime + Excel software delivers. It's like having a virtual assistant who does the heavy lifting, while you relax knowing everything is accurate.

Conclusion

The Advantage of the New Tax Regime as per Budget 2025 for the F.Y.2025-26 for taxpayers lies in its simplicity, transparency, and efficiency, especially when paired with the Automatic Income Tax Preparation Software All in One in Excel. For West Bengal Govt Employees, this combo makes tax filing faster, smarter, and error-free.

Whether you're a young employee, someone nearing retirement, or a mid-career professional, understanding your personal tax situation and choosing the right regime is vital. And with this Excel tool, you have everything you need right at your fingertips.

Final 5 FAQs

Q6. Is the new tax regime better for senior WB Govt employees?
It depends on their deductions. If they claim medical, housing, and 80C benefits, the old regime may be better. The Excel tool helps decide.

Q7. Can I change the regime every year?
Yes, salaried individuals can switch between old and new regimes every year, as per their benefit.

Q8. What happens if I don’t select a regime?
From FY 2025-26, the New Tax Regime will apply by default unless you opt for the old one while filing ITR.

Q9. Can the Excel tax software auto-generate Form 16?
Yes, it creates both Form 16 Part A and B, aligned with state salary formats.

Q10. Where can I download this Excel Tax Calculator?
You can usually find it from trusted tax advisory sites or request it from developers offering free Govt employee utilities. Always ensure macros are enabled safely.

Download the Automatic Income Tax Preparation Excel Tool for FY 2025-26, designed specifically for West Bengal State Government Employees.

This Excel-based Income Tax Software automatically prepares your Tax Computation Sheet according to the latest Budget 2025 updates. It features a built-in salary structure tailored for West Bengal State Employees, ensuring accuracy and convenience. The tool generates a detailed Salary Sheet, calculates HRA Exemption under Section 10(13A), and automatically prepares Form 16 Part A & B and Form 16 Part B. It makes income tax preparation for FY 2025-26 faster, easier, and error-free.

 

On August 11, 2025 by www.taxexcel.net

Share It

No Comments

Read More

  

Introduction

Let’s face it — everyone loves earning interest on their savings, but no one likes paying taxes on it. What if we told you there’s a way to keep more of your money, legally? Yes, Sections 80TTA and 80TTB of the Income Tax Act can help you earn tax-free interest, and with the Automatic Income Tax Calculator All in One for the Non-Government Employees, it’s easier than ever to claim these benefits for F.Y. 2025-26.

Table of Contents

Sr#	Headings
1.	Understanding Section 80TTA
2.	Who Can Claim 80TTA?
3.	How Much Can You Claim Under 80TTA?
4.	What is Section 80TTB?
5.	Eligibility for Section 80TTB
6.	80TTA vs 80TTB – Key Differences
7.	Which Section Applies to You?
8.	Interest Types That Qualify for Deduction
9.	How to Report Interest Income in ITR
10.	Common Mistakes While Claiming 80TTA/80TTB
11.	Benefits of Tax-Free Interest
12.	How the Automatic Income Tax Calculator Helps
13.	How to Use the Excel-Based Tax Calculator
14.	Why Non-Government Employees Should Use It
15.	Final Thoughts on Tax Savings

1. Understanding Section 80TTA

Section 80TTA provides a deduction on interest earned from savings accounts. This benefit is designed to encourage people to save more in their bank accounts without worrying about tax on small earnings.

2. Who Can Claim 80TTA?

Only individuals and Hindu Undivided Families (HUFs) who are below 60 years can claim this section. If you're a salaried employee in the private sector, you're eligible!

3. How Much Can You Claim Under 80TTA?

You can claim a maximum deduction of ₹10,000 under Section 80TTA. If your interest is less than that, you can claim the full amount. If it's more, you only get ₹10,000 tax-free.

4. What is Section 80TTB?

Section 80TTB is like the elder sibling of 80TTA, but it’s only for senior citizens (60+ years). It allows them to earn more tax-free interest from various sources.

5. Eligibility for Section 80TTB

Only resident individuals aged 60 years or more can claim this benefit. It includes interest earned from savings accounts, fixed deposits, and recurring deposits.

6. 80TTA vs 80TTB – Key Differences

Criteria	80TTA	80TTB
Eligible Age	Below 60	60 and above
Max Deduction	₹10,000	₹50,000
Interest Type	Savings account only	Savings + Fixed + Recurring

This difference makes a huge impact on senior citizens’ tax planning.

7. Which Section Applies to You?

Are you under 60 and earning from a savings account? Go for 80TTA.
Over 60 and earning interest from FDs too? Then 80TTB is your saviour.

8. Interest Types That Qualify for Deduction

Under 80TTA, only savings account interest is covered, not FDs or RDs.
Under 80TTB, interest from savings, fixed deposits, and recurring deposits is covered.

9. How to Report Interest Income in ITR

Even though it’s tax-free up to a limit, you still need to declare your interest income under “Income from Other Sources” in your ITR. Then you can claim the deduction under 80TTA or 80TTB.

10. Common Mistakes While Claiming 80TTA/80TTB

• Not reporting interest income at all
• Claiming both 80TTA and 80TTB (You can’t do that)
• Assuming FD interest is tax-free under 80TTA (It’s not)

Avoid these pitfalls to stay on the right side of the taxman.

11. Benefits of Tax-Free Interest

Think of tax-free interest like a bonus from the government. You're already earning low returns from savings accounts. Saving tax on that is like squeezing extra juice from the same orange.

12. How the Automatic Income Tax Calculator Helps

The Automatic Income Tax Calculator All in One for the Non-Government Employees helps you:

• Auto-calculate interest deductions
• Auto-fill deduction columns
• Generate Form 16
• Estimate total tax liability

All in a few clicks!

13. How to Use the Excel-Based Tax Calculator

Just download the tool, enter your income details, savings interest, and the calculator will auto-apply deductions under 80TTA/80TTB. It’s like having a personal tax assistant sitting in your computer.

14. Why Non-Government Employees Should Use It

Unlike government employees, non-government employees have to do more manual tax planning. This calculator:

• Simplifies tax filing
• Reduces errors
• Saves money and time

It’s a must-have for private sector salaried individuals.

15. Final Thoughts on Tax Savings

By combining the power of Section 80TTA or 80TTB with the Automatic Income Tax Calculator All in One for the Non-Government Employees, you can keep more of your hard-earned money. Smart tax planning today can mean a fatter wallet tomorrow.

FAQs

1. Can I claim both 80TTA and 80TTB in the same year?
   No, you can claim only one of them. If you’re eligible for 80TTB (i.e., senior citizen), you cannot claim 80TTA.
2. Do I need to submit proof for claiming 80TTA in my ITR?
   No physical proof is needed at the time of filing, but keep your bank interest statements handy in case the Income Tax Department asks for them later.
3. Does 80TTA apply to interest from fixed deposits?
   No. 80TTA is only for savings account interest. Fixed deposit interest is not eligible under this section.
4. Can I use this calculator for FY 2025-26 if I’m self-employed?
   This version of the Automatic Income Tax Calculator All in One is designed mainly for non-government salaried employees. For self-employed individuals, a different version is advisable.
5. Where can I download the Automatic Income Tax Calculator All in One for the Non-Government Employees?
   You can usually download it from https://itaxsoftware.net or https://apnataxplan.in, or https://pranabbanerjee.com, or directly download the Excel Utility from the link below. Given Link specialises in Excel-based tax preparation tools updated for Budget 2025.

Download the Automatic Income Tax Preparation Software All in One for Non-Government Employees for the F.Y. 2025-26.

📥 Download Excel Tax Software

 

This Excel Calculator prepares your Tax Computed Sheet as per Budget 2025. It includes an inbuilt salary structure for all Non-Government Employees. It automatically generates the Salary Sheet, calculates H.R.A. Exemption under Section 10(13A). It also generates Form 16 Part A and B and automatically creates Income Tax Form 16 Part B.

On August 07, 2025 by www.taxexcel.net

Share It

No Comments

Read More