Articles by Pranab Banerjee

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Auto Calculate Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

  Pranab Banerjee    03 April 2023 at 08:59

The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and deductions allowed under the old tax system would be revoked.



Auto Calculate Income Tax Preparation Software for all salaried persons for FY 2023-24 & AY 2024-25

  Pranab Banerjee    03 April 2023 at 08:49

According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets.



Auto Income Tax Calculator for FY 2023-24 and AY 2024-25

  Pranab Banerjee    28 March 2023 at 09:02

How to save your income tax for AY 2023-24 with Auto calculate Income Tax Calculator All in One for the FY 2023-24 and AY 2024-25



Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

  Pranab Banerjee    17 March 2023 at 13:18

Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.



IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24

  Pranab Banerjee    21 February 2023 at 09:01

A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.



Section 80U - Tax Exemption for Disabled Persons

  Pranab Banerjee    17 January 2022 at 08:27

With Automatic Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2021-22



Automated Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for the FY 2021-22

  Pranab Banerjee    30 November 2021 at 09:38

Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2021-22| a pay structure that can help you reduce your tax burden.



Auto Fill IT Revised Form 16 for the FY 2020-21 u/s 115 BAC with interest income for senior citizens

  Pranab Banerjee    11 April 2021 at 12:17

Senior citizens earning interest income from FDs, savings accounts and recurring deposits can get income tax exemption up to Rs 50,000 per annum under section 80TTB. This is through the amendment of the Finance Act 2018.



Income Tax deduction for medical treatment U/s Section 80DDB

  Pranab Banerjee    02 November 2020 at 10:02

U/s 80DDB of the Income Tax Act, taxpayers can claim a deduction for medical treatment of certain specified ailments for self or dependent. Know everything about the section in this article.