Download Excel based – Income Tax Calculator for FY 2020-21 [AY 2021-22]

income tax calculator 2020 excel

Excel based Income Tax Calculator for FY 2020-21–AY 2021-22 Budget 2020, bring two tax regimes, somehow benefit certain income taxpayers and drag additional tax from certain taxpayers. From the middle-class taxpayers, the choice is yours. This excel-based Income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit, … Read more

Treatment of Taxation for “Agriculture Income” – Complete Guide

Agriculture Income Tax Calculation Excel Sheet

Major Portion of Indian Economy includes “Agriculture portion”. What would be the treatment of income tax on agricultural income? Most of the people still including farmers are unaware of the taxation system and ignore to fill income tax return. Although Agriculture income is exempt under section 10(1) of the Income-tax Act. Income incurred from agriculture up … Read more

How to verify income tax return – Awesome! (6) Easy Ways

e-verify income tax return

Today I’m going to show you exactly how to verify income tax return using pre-validation. E verification of ITR is mandatory otherwise it will be treated unfilled. Once your ITR is uploaded on the e-filing website, you get 120 days to verify your return. ITR form asks the taxpayer before the commencement of filling your return to “select … Read more

How to file income tax return of deceased person in India? + Get Legal Heir Certificate!

how to file income tax return of deceased person in india

In the real world, some events can said to be uncertain, death of the dear one brings a lot of responsibility to the second-hand command of the house. Apart from the loss, his family has to confront issues relating to the transfer and distribution of the deceased’s estate, which includes all his property, assets, etc. … Read more