Post Office Interest Rates.. Fixed Deposits=5.5%, Recurring Deposits=5.8%, National Saving Certificate (NSC)=6.8%, Public Provident Fund (PPF)=7.1%..
Post Office Interest Rates Table 2022 – April to June 2022 Read More »
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
How to link PAN and Aadhaar in 5 Minutes [VIDEO] Read More »
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)
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 2022-23 (AY 2023-24) Excel Download Read More »
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..
Income Tax Calculator FY 2021-22 (AY 2022-23) Excel Download Read More »
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
SIP Calculation in Excel.. Step 1: Mention SIP amount and NAV values in Excel, Step 2: Calculate Units with formula, Step 3: Calculate SIP Returns & Maturity amount
SIP Calculation in Excel | How to Calculate SIP Returns [Examples] Read More »
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.
How HRA Exemption is Calculated [Excel Examples] Read More »
How can you calculate income tax? Example – If income is 8 Lacs, with Old Tax Regime, you belong to 20% tax bracket and New Tax Regime – 15% Tax Bracket.
Home Loan Tax Benefits Calculator.. Rs. 1.5 Lacs in Section 80C as principal amount, Rs. 2 Lacs in Section 24 as interest amount and Rs. 2 Lacs in Section 80EEA..