What is the maximum income tax you can save (FY 2020-21) for F.Y.2020-21 with Automated Income Tax Arrears Relief Calculator U / S 89 (1)

Income Tax Section 80TTA

What is the maximum income tax you can save for this year As per the Budget 2020 in the Old Tax Regime, Not entitled the exemption of 80C for the New Tax Regime U/s 115BAC for the F.Y.2020-21

1.DEDUCTION U/S  80C / 80CCC / 80CCD AND  investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal Repayment, Tuition Fee, Stamp Duty B Above all Tax Saving Investments U / S 80C Rs.150,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Revised Form 16 Part B for the Financial Year 2019-20 [ This Excel Based Software Can Prepare at a time 50employees Form 16 Part B]

2. 80 CCD (1B) Would you invest Rs 50,000 in NPS to save U/S 80 CCD (1B) tax Max Rs.50,000/-( Entitled Only for Old Tax Regime U/s 115BAC)

3 The amount of interest paid on a home for self-acquired houses Max Rs. 200,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

4 80E Interest is paid on education. Max Rs 1,50,000 is just an idea of ​​the tax benefit of education Rs. 1,50,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Revised Form 16 Part A&B for the Financial Year 2019-20 [ This Excel Utility can prepare at a time 50 Employees Form 16 Part A&B]

5 80D premium for medical insurance for self and parents. Create 80% tax benefit sense on health insurance including Rs 5,000 limit for a preventive health checkup Max Rs. 60,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

6. Self 80DDB Treatment of serious illness for self and dependents (Rs. 100,000 limits for senior citizen and Rs. 40,000 for others) ( Entitled Only for Old Tax Regime U/s 115BAC)

7. 80 U Physically Handicapped Taxpayer (Rs. 75,000 for 40% to 80% Disability and Rs. 1,25,000 for more than 80%) 125,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Revised Form 16 Part A&B for the Financial Year 2019-20[ This Excel Utility can prepare at a time 50 Employees Form 16 Part A&B ]

8. 80 DD Physically Handicapped Dependent (Rs. 75,000 for 40% to 80% Disability and Rs. 1,25,000 for more than 80%)  ( Entitled Only for Old Tax Regime U/s 115BAC)

9. 80G Grants to approved charitable funds such as Prime Relief Fund, etc. (Estimated value) 50,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Revised Form 16 Part A&B which can prepare at a time 100 Employees Form 16 Part A&B for theA.Y.2020-21]

10. 80GGA Grant for scientific research or rural development (estimated value) 50,000/-

11. 80GGC grants (estimated value) 50,000 to 11 political parties ( Entitled Only for Old Tax Regime U/s 115BAC)

12. 80 TTA interest earned on a savings account Which gives the highest interest rate on savings account Rs.10,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Form 16 Part A&B and Part B for the Financial Year 2019-20, which can prepare One by One Form 16 Par tA&B and Part B for the A.Y.2020-21

13. 80TTB Interest Income Cable for Senior Citizens Learn All About Section 80TTB (Introduced in Budget 2018) Rs.50,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

14. 80GG:- How will those who have HRA the component in their salary for 80 GG rental expenses claim the benefit for the benefit Rs.60,000/- ( Entitled Only for Old Tax Regime U/s 115BAC)

Download Automated Income Tax Salary Arrears Relief Calculator U/s 89(1) with Form 10E for the Financial Year 2020-21 & Assessment Year2021-22 ( Updated Version)

Income Tax Arrears Relief Calculator U/s 89(1) for the F.Y.2020-21
Income Tax Arrears Relief Calculator U/s 89(1) for the F.Y.2020-21
Income Tax Arrears Relief Calculator U/s 89(1) for the F.Y.2020-21

Leave a Reply

Your email address will not be published. Required fields are marked *