TDS Deduction on Salary Calculation | Tax Deduction on Salary
TDS on Salary can be easily calculated using below steps. 1. Calculate Gross Income 2. Get Deductions 3. Calculate Taxable Income 4. Get monthly TDS. Example
Income Tax
How To Calculate Income Tax FY 2022-23 [Salary Example]
How to Calculate Income Tax FY 2022-23 steps – Calculate your Taxable Income, Identify your Tax Bracket, Choose between Old and New Tax Regime..
Senior Citizen Income Tax Calculator FY 2022-23 Excel Download
Download Senior Citizen Income Tax Calculator FY 2022-23 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
Taxation on Short Term Capital Gains | STCG Tax Rate 20% [Examples]
Taxation on short term capital gains is very simple. STCG tax rate=15% on shares or equity mutual funds. Also adjust STCG against your basic exemption limit
How to link PAN and Aadhaar in 5 Minutes [VIDEO]
How to link PAN and Aadhaar.. 1. Visit Income Tax Official website. 2. Select “Link Aadhaar” option. 3. Provide PAN & Aadhaar details. 4. Click Link Aadhaar button
All Deductions in Section 80C & Chapter VI A
Deductions in 80C include, PPF, Provident Fund, Life insurance premiums, ELSS, children’s tuition fees, etc. Claim Rs 1.5 Lacs in 80C and Rs. 50,000 in 80CCD(1B)
Income Tax Calculator FY 2022-23 (AY 2023-24) Excel Download
Download Income Tax Calculator for FY 2022-23 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
Income Tax Calculator FY 2021-22 (AY 2022-23) Excel Download
Download Income Tax Calculator for FY 2021-22 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
How to Claim HRA When Living with Parents?
Claim HRA when Living with Parents.. you can pay them some amount every month as rent and claim that amount as HRA if you receive HRA in salary payslip
How HRA Exemption is Calculated [Excel Examples]
How HRA exemption is calculated. You basically need to do 3 calculations to reach your HRA exemption amount:
1. Calculate Total HRA received in FY
2. Total rent paid in FY minus 10% of Basic Salary + DA in FY
3. 50% of Basic Salary + DA (metro city), else 40% in case staying in non metro city.
Minimum of above numbers will be considered as HRA exemption amount in the financial year to save income tax by reducing the taxable income.