Income tax calculator ay 2023-24 excel

GST TaxPayers are facing difficulty for GSTR 2B ITC Vs Book ITC reconciliation due to Invoice No / Invoice Date / GSTN / Invoice value Clerical mismatches. Herewith attached the Utility is giving Quick & Perfect Reconciliation results irrespective of Clerical mismatches. This Utility has a Duel Reconciliation method to find the Match... Looking for a hassle-free way to manage your clients’ Income Tax documents? Our software is here to streamline the process for you. With just a few clicks, you can download multiple clients’ Income Tax 26AS and AIS (Annual Information Statement) in various formats such as Text or PDF, saving you valuable time and effort. Key […... Download All-in-One Automated Income Tax Preparation Software for Non-Government (Private) Employees for the Financial Year 2023-24 and Assessment Year 2024-25, as per Section 115BAC of the Income Tax Act. Key Features of this Excel utility include: 1. Seamless preparation of your income tax based on your chosen option under Section 115BA... Latest-2023 HDFC Bank NEFT/RTGS Sheet is available for generating NEFT/RTGS forms within a minute, simply by selecting the beneficiary’s name. Other details such as cheque number and payment amount need to be filled in as well. Moreover, this sheet allows you to maintain multiple bank accounts for companies, firms, or individuals. T... In the daily routines of Practicing chartered accountants and part-time accountants one of the duties is to post entries to the tally software ...

Offline Utilities of ITR-1, ITR-4 for AY 2023-24 are available for filing Common Offline Utility (ITR 1 to ITR 4) Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for the AY 2023-24. ITR 2 and ITR 3 will be enabled shortly. Date of release of first version of utility: 09-Jun-2023 Date of Window Utility release: 09-Jun-2023 The offline utilities can be used by taxpayers who do not have access to the internet or who prefer to file their returns offline. To use the offline utilities, taxpayers will need to download the utility, install it on their computer, and fill out the form. Once the form is filled out, taxpayers can upload it to the Income Tax Department's website.

A major change introduced in the finance bill 2023 is making the New Income-Tax regime as the default option for all salaried taxpayers, though, with the option to select the old tax regime. The change is an indication of the government’s intention to cease the complicated taxation process with the exemptions and deductions by introducing a simple tax calculation with lower tax rates, in other words, the State wants to tell the taxpayers that, “ Give to Caesar the things that are Caesar’s and to God the things that are God’s.” (Mark 12:17). As our tax payments are supposed to be used by the government for conducting various development projects of the country through welfare schemes including funding of public infrastructure, expansion & welfare projects, and employment programs. Hence it is the responsibility of every individual to remit the due taxes to the Govt, as in return these taxes are expected for the growth of every individual. As Aristotle said, “When the society /organization grows all those who connected it also grow equally, however, if the individuals are growing beyond the society/organization, the entire setup of the State/Society may fail. The Golden Rule mosaic says, “ Do Unto Others as You Would Have Them Do Unto You”, every individual is expected to follow this rule to get rewarded as they expect. Remit the due taxes for the development of the State/society and which in turn for growth the benefit of the nation and everyone. Tax savings are legal, but ...

Download Income Tax Calculator FY 2023-24 (AY 2024-25) in Excel Format. It is a simple and user-friendly income tax calculator for salaried individuals. This calculator will work for both old and new tax slab rate which were released in 2023. You can calculate your tax liability and decide on tax-efficient investment options and the suitable tax regime for FY 2023-24. The calculator is created using Microsoft excel. Simple excel based formulas and functions are used in creating this calculator. Before downloading excel based income tax calculator let’s get acquainted with Latest Income Tax Slab for FY 2023-24 and the Income Tax changes made in the Budget 2023. Income Tax Slabs for FY 2023-24 (AY 2024-25) New Income Tax Slab is allowed in the Budget 2023. The new tax slab would be default tax slab. Old Tax Regime also continued. This means if you want to invest in 80C and save tax you can still use old tax regime. The new tax regime announced is more tax efficient and less complicated as you need not to exempt any income and remember any complicated tax exemptions such as 80C, 80CCD, 80D, 80DD etc. So, still taxpayer has two options – Option 1 – Regime 1 – Income Tax Slab 1 – Higher Tax Rate The first tax slab is with a higher tax rate. In case an individual or HUF wants to claim exemptions under 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, etc. the tax rate with a higher rate is applicable. The tax slab in case exemption is claimed is given below. Income Tax Slab % Rate Up to ...

A Salaried Employee's Tax Proof Certificate Form 16 You must obtain your Form 16 from your employer if you are a salaried employee. Here are the basics and how to file your income tax return. If you've been an employee for a while, you know the dates and other documents associated with an income tax return. That is, it's Form 16, Section 80C benefits, and July 31st. But if you started working recently, or say last year, this will be your first time filing your income tax return, and on occasion, you would probably get your tax return form 16 from your accounting department. So what's next? What do you do with your Form 16 and what exactly is a Form 16? Let's demystify the details of Form 16 here Simply put, this is a certificate issued by the Income Tax (I-T) Department as proof of withholding tax (TDS) attached to your salary under the heading ‘salary income'. It basically confirms the amount of tax paid by the employee on their income that the employer has withheld from the wages paid to the employee. If you worked for multiple employers, get your Form 16 from all the organizations or employers you worked for during the fiscal year. Remember that it is mandatory for employers to issue a Form 16 to an employee when the employer withholds tax from the relevant employee's wages. Form 16 is actually two parts. Part A contains details like the name and address of the employer, employer's permanent account number (PAN) and TAN, employee's PAN, details of any benefits paid duri...

For Everyone Upto Rs. 3,00,000 Nil Rs. 3,00,001 to Rs. 6,00,000 5 per cent Rs. 6,00,001 to Rs. 9,00,000 10 per cent Rs. 9,00,001 to Rs. 12,00,000 15 per cent Rs. 12,00,001 to Rs. 15,00,000 20 per cent Above Rs. 15,00,000 30 per cent New Tax Regime Scheme (Section 115 BAC)- Income Tax rates for the financial year 2020-21/ 2021-22/ 2022-23 For Everyone Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 7,50,000 10 per cent Rs. 7,50,001 to Rs. 10,00,000 15 per cent Rs. 10,00,001 to Rs. 12,50,000 20 per cent Rs. 12,50,001 to Rs. 15,00,000 25 per cent Above Rs. 15,00,000 30 per cent Old scheme: Income Tax rates for the financial year 2018-19/ 2019-20/ 2020-21/ 2021-22/ 2022-23/ 2023-24 For Men Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For Women Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For a resident individual of 60 years or above (Senior Citizens) Upto Rs. 3,00,000 Nil Rs. 3,00,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For a resident individual of 80 years or above (Very Senior Citizens) Upto Rs. 5,00,000 Nil Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent Please download the income tax calculator from the links provided below on the basis of the required financial year/ass...

Offline Utilities of ITR-1, ITR-4 for AY 2023-24 are available for filing Common Offline Utility (ITR 1 to ITR 4) Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for the AY 2023-24. ITR 2 and ITR 3 will be enabled shortly. Date of release of first version of utility: 09-Jun-2023 Date of Window Utility release: 09-Jun-2023 The offline utilities can be used by taxpayers who do not have access to the internet or who prefer to file their returns offline. To use the offline utilities, taxpayers will need to download the utility, install it on their computer, and fill out the form. Once the form is filled out, taxpayers can upload it to the Income Tax Department's website.

A Salaried Employee's Tax Proof Certificate Form 16 You must obtain your Form 16 from your employer if you are a salaried employee. Here are the basics and how to file your income tax return. If you've been an employee for a while, you know the dates and other documents associated with an income tax return. That is, it's Form 16, Section 80C benefits, and July 31st. But if you started working recently, or say last year, this will be your first time filing your income tax return, and on occasion, you would probably get your tax return form 16 from your accounting department. So what's next? What do you do with your Form 16 and what exactly is a Form 16? Let's demystify the details of Form 16 here Simply put, this is a certificate issued by the Income Tax (I-T) Department as proof of withholding tax (TDS) attached to your salary under the heading ‘salary income'. It basically confirms the amount of tax paid by the employee on their income that the employer has withheld from the wages paid to the employee. If you worked for multiple employers, get your Form 16 from all the organizations or employers you worked for during the fiscal year. Remember that it is mandatory for employers to issue a Form 16 to an employee when the employer withholds tax from the relevant employee's wages. Form 16 is actually two parts. Part A contains details like the name and address of the employer, employer's permanent account number (PAN) and TAN, employee's PAN, details of any benefits paid duri...

A major change introduced in the finance bill 2023 is making the New Income-Tax regime as the default option for all salaried taxpayers, though, with the option to select the old tax regime. The change is an indication of the government’s intention to cease the complicated taxation process with the exemptions and deductions by introducing a simple tax calculation with lower tax rates, in other words, the State wants to tell the taxpayers that, “ Give to Caesar the things that are Caesar’s and to God the things that are God’s.” (Mark 12:17). As our tax payments are supposed to be used by the government for conducting various development projects of the country through welfare schemes including funding of public infrastructure, expansion & welfare projects, and employment programs. Hence it is the responsibility of every individual to remit the due taxes to the Govt, as in return these taxes are expected for the growth of every individual. As Aristotle said, “When the society /organization grows all those who connected it also grow equally, however, if the individuals are growing beyond the society/organization, the entire setup of the State/Society may fail. The Golden Rule mosaic says, “ Do Unto Others as You Would Have Them Do Unto You”, every individual is expected to follow this rule to get rewarded as they expect. Remit the due taxes for the development of the State/society and which in turn for growth the benefit of the nation and everyone. Tax savings are legal, but ...

For Everyone Upto Rs. 3,00,000 Nil Rs. 3,00,001 to Rs. 6,00,000 5 per cent Rs. 6,00,001 to Rs. 9,00,000 10 per cent Rs. 9,00,001 to Rs. 12,00,000 15 per cent Rs. 12,00,001 to Rs. 15,00,000 20 per cent Above Rs. 15,00,000 30 per cent New Tax Regime Scheme (Section 115 BAC)- Income Tax rates for the financial year 2020-21/ 2021-22/ 2022-23 For Everyone Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 7,50,000 10 per cent Rs. 7,50,001 to Rs. 10,00,000 15 per cent Rs. 10,00,001 to Rs. 12,50,000 20 per cent Rs. 12,50,001 to Rs. 15,00,000 25 per cent Above Rs. 15,00,000 30 per cent Old scheme: Income Tax rates for the financial year 2018-19/ 2019-20/ 2020-21/ 2021-22/ 2022-23/ 2023-24 For Men Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For Women Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For a resident individual of 60 years or above (Senior Citizens) Upto Rs. 3,00,000 Nil Rs. 3,00,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent For a resident individual of 80 years or above (Very Senior Citizens) Upto Rs. 5,00,000 Nil Rs. 5,00,001 to Rs. 10,00,000 20 per cent Above Rs. 10,00,000 30 per cent Please download the income tax calculator from the links provided below on the basis of the required financial year/ass...