Download Auto-Fill Income Tax Preparation Software All in One in Excel for F.Y.2022-23 as per
Budget 2022| This software is simple and easy-to-use income tax software for salaried employees. This
software for old and new tax systems was released in 2020. You can calculate your tax liability and
identify taxable investment options and appropriate tax regimes for F.Y 2022-23.
The software is developed using Microsoft Excel. Simple code of Visual Basic & Excel formulas and functions are used to run this software. This Excel-based income tax software All in one, let us know the new income tax bracket for this financial year 2022-23 and the income tax changes in the 2022 budget
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In other words, Income tax and income tax rates will remain unchanged for F.Y 2022-23 (A.Y 2023-24). The budget change is that only citizens over the age of 75 are exempt from income tax returns if they have retirement income and interest. There have been no major changes in income tax laws.
If you opt for a new tax system, you cannot avail of the exemption under Section 80C as well as the
exemption under Chapter VI A Except NPS and 80CCD (2).
However, there are some discounts that you can still claim through the new tax system and they are as below.
Making Income In Retirement
The location of the VRS
• EPFO: employer fund
• NPS elevator facility
• Educational assistance
For instance, assesses can elect any new or old tax bracket. They can switch between the old tax system and the new tax system. If an individual or HUF owns business capital, the ability to switch between tax categories is not allowed.
Above all, this income tax software in Excel F.Y 2022-23 (A.Y 2023-24) from the link below easily calculates the income tax payable. This calculator consists of two parts. Both are given on separate pages.
Episode 1 – Calculate taxes based on top tax rates
After that, the first page contains the top tax rate calculator, where deductions and reductions are allowed.
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To calculate your income tax due based on the top tax rate, you need to enter information such as total income and the amount of the deduction. In addition, you must provide information about the investments you have made under various headings. The blade has inputs for different sections such as 80C, 80D, 80CCD, etc.
After completing this step, you will need to proceed to the bottom section where you need to select the applicable tax bracket by choosing options for men/women, adults, and very old.
However, You will immediately see your tax liability in taxes including the supply portion.
Part 2 – Calculate the tax according to the lowest tax rate
Above all, The second page contains a new calculator to reduce the tax rate under the new tax system, where no deductions are allowed.
To calculate your income tax due according to the new rate plate, you only need to state once in your total income.
The Excel-based software automatically calculates the tax liability and displays it in the tax liability including the cess field.
Download Auto-Fill Income Tax Software All in One for the Government and Non-Government Employees for the F.Y.2022-23
Feature of this Excel Utility:-
1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)
2) This Excel Utility has an option where you can choose your option as a New or Old Tax Regime
3) This Excel Utility has a unique Salary Structure for Government and Non-Government Employees Salary Structure.
4) Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2022-23 (Update Version)
5) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2022-23
6) Automated Income Tax Revised Form 16 Part B for the F.Y.2022-23