All the
taxpayers are known that the new system introduced in Budget 2020 U/s 115 BAC For the
F.Y.2020-21. In this method you'll choose your option as Old Tax Slab or New
Tax Slab U/s 115 BAC.
In this regard, you want to know your
Tax that you simply shall be paid to the government for the fiscal
year 2020-21 and Assessment Year 2021-22. As per the Section 115 BAC you'll
choose your option within the PRESCRIBED FORM 10-IE as New or Old tax Regime.
When you submit your tax Details to your Employer or Dedicator, you want to
mention your Option as New or Old Tax Regime.
Look about the new section 115 BAC:-
1) If you select A New Tax Regime then
you'll not entitle any tax Benefits as per tax Act 1961
and also, you'll not get the Old Tax Slab as before the F.Y.2019-20.
But you will get only one Tax Benefits for NPS (Pension Scheme) U/s 80CCD. Follow
the below the New tax Slab Rate Chart for the F.Y.2020-21 as New Tax Regime.
2) If you select A Old Tax Regime then
you'll get the all tax Benefits as per the tax Act
1961,and you'll avail the Old Income Tax Slab Rate as per the
F.Y.2019-20. You can get all the tax Sections benefits if you select the Old
Tax Regime. Follow the below the New tax Slab Rate Chart for the F.Y.2020-21 as
New Tax Regime.
You may check your Income To
Tax Liability by the Unique & Most popular Excel Based Income Tax
Software All in One where from you know your Total Tax Burden as New and Old
Tax Regime (As per your Option) This Excel Based tax Preparation Software
for the Andhra Pradesh State Employee.
This Unique Software All
in One prepare at a time your
1) Income
Tax Computed Sheet as per your Option New or Old Tax Regime
2) Individual
Salary Structure as per the
3) This
Excel utility prepares and calculates your income tax as per the New Section
115 BAC (New and Old Tax Regime)
4) This
Excel Utility has an option where you can choose your option as New or Old Tax
Regime
5) 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)
6) Automated
Income Tax Revised Form 16 Part A&B for the F.Y.2020-21
7) Automated
Income Tax Revised Form 16 Part B for the F.Y.2020-21
8) Individual Salary Sheet
9) Auto Calculate your House Rent Exemption
Calculation U/s 10(13A)
