In the Budget 2020 introduced a new Section 115
BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay
in the Old Tax System along with all the Income Tax Exemptions as per the
F.Y.2019-20 and you can Opt in the New Tax Regime Excluding any Exemptions of
Income Tax as the previous F.Y. 2019-20 as clearly mentioned in the Budge 2020 U/s 115BAC.
As per the Budget the New Tax Slab is given below U/s 115BAC which
introduced in the Budget 2020.
Also it is clear that no relaxation
to the Senior Citizen in the New Tax
Slab as per U/s 115BAC ( New Tax Regime). We Prepared a Unique Income Tax
Preparation Excel Based Software only for the Govt and Private Employees for the F.Y.2020-21 as per the new
Budget 2020 with New and Old Tax Regime
U/s 115BAC introduced in the Budget 2020.
As per the New Income Tax Section 115 BAC
introduced in Budget 2020. As per the Section 115 BAC you should give your
option as you opt-in as New Tax Regime or Old Tax Regime in the newly
prescribed Form 10-IE. If you choose
the New Tax Regime you can not avail this exemption U/s 80 TTA or if you choose
the Old Tax Regime then you can avail this Exemption U/s 80 TTA.
Download Automated Income Tax
Preparation Excel Based Software All in One for the Government & Non-
Government (Private) Employees for the F.Y.2020-21As per New Section 115 BAC
(New and Old Tax Regime)
Feature of this Excel Utility:-
1) This
Excel utility prepares and calculates your income tax as per the New Section
115 BAC (New and Old Tax Regime)
2) This
Excel Utility has an option where you can choose your option as New or Old Tax
Regime
3) This
Excel Utility has a unique Salary Structure for Government and Non-Government
Employee’s Salary Structure.
4) Automated
Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the
F.Y.2000-01 to F.Y.2020-21 (Update Version)
5) Automated
Income Tax Revised Form 16 Part A&B for the F.Y.2020-21
6) Automated
Income Tax Revised Form 16 Part B for the F.Y.2020-21
7) Individual Salary Sheet
