Introduction

If you are a salaried employee in West Bengal, especially for the Financial Year (FY) 2025-26, you might have already come across the term Form 10-IE. At first glance, it might sound technical or confusing, but don’t worry. By the end of this article, you will not only know what the Form 10-IE is but also how to use it effectively with Automatic Income Tax Preparation Software All-in-One in Excel.

Think of Form 10-IE as your “switchboard.” Just like you flip a switch at home to choose between light or fan, Form 10-IE helps you switch between the old tax regime and the new tax regime. Without it, your choice cannot be officially recorded by the Income Tax Department.

To make things easier, we’ll break down this concept into simple steps and also show how Excel-based automatic software can save your time and reduce mistakes.

Table of Contents

Sr#	Headings
1	Understanding What is the Form 10-IE
2	Why Do Employees Need Form 10-IE?
3	Difference Between Old and New Tax Regimes
4	How Form 10-IE Works for West Bengal State Employees
5	Eligibility to File Form 10-IE
6	When Should You File Form 10-IE?
7	Step-by-Step Process to File Form 10-IE
8	Common Mistakes People Make While Filing Form 10-IE
9	Advantages of Filing Form 10-IE on Time
10	Introduction to Automatic Income Tax Preparation Software in Excel
11	Features of the All-in-One Excel Utility
12	How West Bengal State Employees Benefit from Excel Tax Software
13	Comparison: Manual Filing vs. Automatic Excel Utility
14	Practical Example: Tax Calculation with Form 10-IE in Excel
15	Final Tips for West Bengal Employees for F.Y.2025-26
16	Conclusion
17	FAQs

1. Understanding What is the Form 10-IE

Form 10-IE is a mandatory declaration form that taxpayers must submit if they want to opt for the new income tax regime under Section 115BAC of the Income Tax Act. Simply put, this form communicates your decision to the tax department about whether you will follow the old regime (with deductions and exemptions) or the new regime (with lower tax rates but fewer deductions).

2. Why Do Employees Need Form 10-IE?

Employees in West Bengal, just like in other states, need Form 10-IE because:

• The Income Tax Department requires official documentation of your regime choice.
• Without filing it, your tax computation may automatically follow the old regime.
• It helps avoid confusion between your employer’s payroll system and your actual tax return.

3. Difference Between Old and New Tax Regimes

To truly understand the importance of Form 10-IE, you must know the difference:

• Old Regime: Allows exemptions (like HRA, LTA) and deductions (like 80C, 80D, etc.).
• New Regime: Offers reduced tax rates but removes most exemptions and deductions.

This choice can significantly affect your take-home salary. Filing Form 10-IE ensures that your preference is officially recorded.

4. How Form 10-IE Works for West Bengal State Employees

For state employees in West Bengal, Form 10-IE is especially important because:

• Salary structures often include allowances like House Rent Allowance (HRA), which matter only under the old regime.
• The West Bengal government salary rules align with central tax rules, so employees need to declare their preference correctly.
• The choice affects not just the yearly tax but also the monthly TDS deductions by the employer.

5. Eligibility to File Form 10-IE

You are eligible to file Form 10-IE if:

• You are an individual taxpayer or a Hindu Undivided Family (HUF).
• You want to shift from the old regime to the new regime (or vice versa).
• You are a salaried employee, pensioner, or professional.

6. When Should You File Form 10-IE?

• Ideally, before filing your Income Tax Return (ITR) for the financial year.
• If you want your employer to deduct TDS under the new regime, inform them early.
• You must file it online through the Income Tax e-filing portal.

7. Step-by-Step Process to File Form 10-IE

1. Log in to the Income Tax e-filing portal.
2. Go to Income Tax Forms under the e-file menu.
3. Select Form 10-IE.
4. Fill in basic details such as name, PAN, and assessment year.
5. Choose your preferred tax regime.
6. Verify and submit the form.

8. Common Mistakes People Make While Filing Form 10-IE

• Forgetting to file before the due date.
• Providing incorrect PAN details.
• Not keeping a copy of the acknowledgement.
• Switching regimes multiple times without clarity.

9. Advantages of Filing Form 10-IE on Time

• Smooth TDS deductions by your employer.
• Peace of mind at the time of filing ITR.
• Flexibility to switch regimes based on financial planning.

10. Introduction to Automatic Income Tax Preparation Software in Excel

The Automatic Income Tax Preparation Software All-in-One in Excel is a simple, user-friendly tool that:

• Prepares your Tax Computed Sheet
• Is updated as per the Budget 2025 rules.
• Works for both Government and Non-Government employees in West Bengal.

11. Features of the All-in-One Excel Utility

• Automatic calculation of HRA exemption under Section 10.
• Built-in salary structure for West Bengal
• Option to prepare tax sheets for old and new regimes
• Auto-generated Form 16 for employees.

12. How West Bengal State Employees Benefit from Excel Tax Software

• No need to manually calculate tax; the software does it.
• Saves time and reduces the chance of human error.
• Helps in the quick comparison of old vs new regimes.
• Provides ready-to-submit Form 10-IE details.

13. Comparison: Manual Filing vs. Automatic Excel Utility

Aspect	Manual Filing	Excel Utility
Time Taken	High	Very Low
Accuracy	Error-prone	Highly Accurate
User-Friendliness	Complicated	Simple & Automated
Regime Comparison	Difficult	Instant

14. Practical Example: Tax Calculation with Form 10-IE in Excel

Imagine you are a West Bengal State Employee with a salary of ₹8,00,000.

• Under the old regime, you can claim deductions like 80C (₹1,50,000) and HRA exemption.
• Under the new regime, you get lower tax rates but no deductions.

With the Excel software, you can enter your details and instantly see which regime saves more tax. It even prepares a ready reference for filing Form 10-IE.

15. Final Tips for West Bengal Employees for F.Y.2025-26

• Always compare both regimes before making a choice.
• File Form 10-IE before the due date.
• Use Excel software to avoid manual errors.
• Keep a digital copy of the acknowledgement for future reference.

16. Conclusion

To wrap up, understanding what the Form 10-IE is is crucial for every West Bengal State Employee in F.Y.2025-26. This form ensures that your tax regime choice is recognised by the Income Tax Department. Moreover, with Automatic Income Tax Preparation Software All in One in Excel, you can prepare your tax files quickly, accurately, and stress-free.

Choosing the right regime is like choosing the best road for your journey—while both may lead to the same destination, one may save you time and money.

17. FAQs

1. What is the Form 10-IE in income tax?
   Form 10-IE is a declaration form used to opt for the new tax regime under Section 115BAC.
2. Do I need to file Form 10-IE every year?
   Yes, you must file it whenever you want to switch regimes.
3. Can West Bengal State Employees file Form 10-IE online?
   Yes, it is filed through the official Income Tax e-filing portal.
4. What happens if I forget to file Form 10-IE?
   Your income will be taxed under the old regime by default.
5. Can I use Excel software to prepare details for Form 10-IE?
   Yes, the Automatic Income Tax Preparation Software in Excel provides all necessary details for easy filing.

Automatic Income Tax Preparation Software All-in-One in Excel for the West Bengal State Employees for the F.Y.2025-26

  

On August 21, 2025 by www.taxexcel.net

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Introduction

The New Tax Regime, as per Budget 2025, has changed the way individuals calculate their income tax. It’s like switching from a complex multi-lane highway filled with toll booths (old regime) to a smoother, faster expressway (new regime) — but with fewer stops for deductions and exemptions.

If you’re wondering whether this new system benefits you, or how to calculate your tax under it, this guide walks you through everything — from eligibility and rates to deductions, exemptions, and practical examples.

Table of Contents

Sr#	Headings
1	Understanding the New Tax Regime as per Budget 2025
2	Key Features of the New Tax Regime
3	Tax Slabs and Rates under the New Regime
4	Who Should Opt for the New Tax Regime?
5	Standard Deduction in the New Tax Regime
6	Exemptions and Allowances Allowed
7	Deductions Not Available in the New Regime
8	How the New Regime Became the Default Option
9	Comparing Old vs New Tax Regime
10	How to Switch Between Tax Regimes
11	Filing Requirements and Form 10-IEA
12	Using Excel Tax Calculators for Easy Computation
13	Step-by-Step Example of Tax Calculation
14	Common Mistakes to Avoid
15	Final Thoughts on Choosing the Right Regime

1. Understanding the New Tax Regime as per Budget 2025

The Government of India introduced the new tax regime in the Union Budget 2020-21 and revised it in subsequent budgets, including the latest Budget 2025. It aims to simplify the tax system by offering lower tax rates but removing most deductions and exemptions.

Instead of claiming multiple allowances and investment-based deductions, you pay tax based mainly on your income slab. This straightforward approach saves time and paperwork.

2. Key Features of the New Tax Regime

Under the New Tax Regime, as per Budget 2025, the government has focused on simplicity and efficiency. Key features include:

• Lower tax rates compared to the old regime.
• Fewer exemptions and deductions to claim.
• Standard deduction increased to ₹75,000 for salaried employees and pensioners.
• Default regime from FY 2023-24 onwards, unless you opt for the old regime.
• No need to maintain a long list of proofs for deductions.

3. Tax Slabs and Rates under the New Regime

The latest Budget 2025 revised the tax slabs to make them more beneficial for middle-class taxpayers:

Annual Income (₹)	Tax Rate
Up to ₹3,00,000	Nil
₹3,00,001 – ₹6,00,000	5%
₹6,00,001 – ₹9,00,000	10%
₹9,00,001 – ₹12,00,000	15%
₹12,00,001 – ₹15,00,000	20%
Above ₹15,00,000	30%

These rates apply before cess and surcharge.

4. Who Should Opt for the New Tax Regime?

The New Tax Regime benefits taxpayers who:

• Do not claim high deductions under sections like 80C, 80D, or HRA.
• Prefer a hassle-free tax filing process.
• Have straightforward salary structures without multiple allowances.

If your total deductions under the old regime are less than ₹3,00,000, the new regime could be more tax-friendly.

5. Standard Deduction in the New Tax Regime

From FY 2025-26, the government increased the standard deduction to ₹75,000 for all salaried individuals and pensioners under the new regime.

This means you automatically reduce your taxable income by ₹75,000 — without submitting any proof or documentation.

6. Exemptions and Allowances Allowed

Although the new regime removed most exemptions, you can still enjoy certain benefits:

• Retirement Benefits: Gratuity and leave encashment at retirement remain tax-free.
• Employer Contributions: NPS and Provident Fund employer contributions are exempt.
• Agnipath Scheme (Section 80CCH) income exemption.
• Conveyance Allowance: Work-related travel allowances for those without employer-provided transport remain exempt.
• Allowance for Disabled Employees: Transport allowance for employees with disabilities is tax-free.

7. Deductions Not Available in the New Regime

You cannot claim the following in the new regime:

• Section 80C deductions (like LIC, PPF, ELSS).
• Section 80D deductions (health insurance premium).
• HRA exemption (except under certain special conditions).
• Education loan interest deduction (Section 80E).
• Savings bank interest exemption (Section 80TTA/TTB).

8. How the New Regime Became the Default Option

From FY 2023-24 onwards, the new tax regime automatically applies unless you opt for the old regime.

If you want to use the old regime, you must file Form 10-IEA before the income tax return due date.

9. Comparing Old vs New Tax Regime

Feature	Old Regime	New Regime
Tax Rates	Higher	Lower
Deductions	Many	Limited
Compliance	High paperwork	Minimal paperwork
Best For	High deduction claimers	Simple salary earners

10. How to Switch Between Tax Regimes

• Salaried employees can choose the regime every year while filing returns.
• Business owners can switch only once after choosing the new regime.

11. Filing Requirements and Form 10-IEA

To opt for the old regime, file Form 10-IEA online before your ITR due date. Without this, the department considers you under the new regime by default.

12. Using Excel Tax Calculators for Easy Computation

You can avoid manual calculations by using automated Excel tools like the Download Automatic Income Tax Calculator All in One for the Non-Government Employees in Excel for the F.Y.2025-26.

This Excel calculator includes:

• Tax computation sheet as per Budget 2025.
• Built-in salary structure for non-government employees.
• Automatic HRA exemption calculation.
• Auto-generated Form 12BA, Form 16 Part A & B.

13. Step-by-Step Example of Tax Calculation

Example: A salaried person earns ₹12,00,000 annually.

1. Gross Income: ₹12,00,000
2. Less Standard Deduction: ₹75,000
3. Taxable Income: ₹11,25,000

Tax:

• 0 – 3,00,000 → Nil
• 3,00,001 – 6,00,000 → ₹15,000 (5%)
• 6,00,001 – 9,00,000 → ₹30,000 (10%)
• 9,00,001 – 11,25,000 → ₹33,750 (15%)

Total Tax = ₹78,750 + Cess

14. Common Mistakes to Avoid

• Forgetting to file Form 10-IEA when opting for the old regime.
• Not checking tax savings under both regimes before deciding.
• Misreporting taxable income due to missed allowances.

15. Final Thoughts on Choosing the Right Regime

The New Tax Regime, as per Budget 2025, is ideal for those who value simplicity and don’t rely heavily on deductions. But the best choice depends on your personal financial situation — compare both before filing.

FAQs

1. What is the main benefit of the New Tax Regime as per the Budget 2025?
   It offers lower tax rates with simplified filing, reducing paperwork.
2. Can I claim Section 80C deductions in the new regime?
   No, Section 80C deductions are not available under the new regime.
3. Is the new regime mandatory for everyone?
   No, but it is the default. You can opt for the old regime by filing Form 10-IEA.
4. What is the standard deduction under the new regime for FY 2025-26?
   It is ₹75,000 for salaried individuals and pensioners.
5. Which tax regime saves more money?
   It depends on your income and deductions. Calculate both before deciding.

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

 

[This Excel Calculator can prepare your Tax Computed Sheet as per Budget 2025 + Inbuilt Salary Structure for both Non-Govt Employees + Automatic Salary Sheet + Automatic calculation of H.R.A. Exemption U/s 10(13A + Automatic Form 12BA Automatic Form 16 Part A and B + Automatic Income Tax Form 16 Part B]

  

On August 19, 2025 by www.taxexcel.net

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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

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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

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 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

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