ap employee newsts employeesWhats New

AP/TS Income Tax Software 2021-22 Teachers IT Calculator

AP/TS Income Tax Software 2021-22 Teachers IT CALCULATOR trail version released today. Income Tax Software 2021-22 | TS / AP Teachers IT Calculator Online Mobile Version Download. Final Version New Slab charges and Old Slab charges Free IT Calculator. TS / AP Teachers IT Calculator with PRC Arrears Form 10E Download.

AP Retirement Employees Income Tax Calculation Housing Loan Principal Amount Exemption and Housing Loan Interest Deduction and with CPS Employees Additional Benefit 80 CCD (1B). Income Tax Software 2022 Developed by C. Ramanjaneyulu, Teachers Income tax calculation Updated Software FY 2021-22.

Income Tax Software 2021-22 | TS / AP Teachers IT Calculator  C Ramanjaneyulu – Online Mobile Version IT Calculator

Ramanjaneyulu Income Tax Software 2021-2022 for calculation of IT from right here for Financial Year 2022-23, the Assessment Year 2021-22. Income Tax Software 2021 IT returns Latest last model of AP and Telangana Teachers and Employees. Instructions must be adopted for utilizing the IT Software which was given in IT program file. Always use a brand new copy for preparation of IT Bill.

Rates of earnings tax for the Financial yr 2021-22 | Assessment Year 2022-23

No change within the Income Tax Slabs fee and exemption restrict for Individual  Person in Assessment Year 2021-22 and Financial yr 2021-22. There isn’t any change within the fee of Education Cess and Secondary 2%  & Higher Education cess 1% on . Official Income Tax of India Indusual Income Tax.Housing Loan Principal Amount Exemption and Housing Loan Interest Deduction Income Tax 2020-21 .Educational Loan and Two Children Tuition payment Reimbursement No tax. I ready One Model Income Tax Calculation 2020-21 monetary yr.

Income Tax Slabs for the Individual (Below 60 Years Age) for the Assessment Year 2021-22

S. No.Income Tax SlabIncome Tax Rate Payable
1.Rs. 0 to 250,000No Income Tax
2.Rs. 250,001 to 500,0005%
3.Rs. 500,001 to 1,000,00020%
4.Rs. 1,000,001 and above30%

Income Tax Slabs for the Senior Citizen (60 to 80 Years Age) for the Assessment Year 2021-22

S. No.Income Tax SlabIncome Tax Rate Payable
1.Rs. 0 to 300,000No Income Tax
2.Rs. 300,001 to 500,0005%
3.Rs. 500,001 to 1,000,00020%
4.Rs. 1,000,001 and above30%

80C & 80CCE- Maximum Exemption as much as Rs.150000

Investments as much as Rs.1.5 lac in PF, VPF, PPF, Employee Contribution in NPS,Insurance Premium, Housing mortgage principal compensation, NSC, ELSS, long run financial institution Fixed Deposit, Post Office Term Deposit, and many others. are deductible from the taxable earnings. There isn’t any restrict on particular person objects, (for instance) all 1 lac will be invested in NSC or PPF and many others.

  1. Provident Fund (PF) & Voluntary Provident Fund (VPF)
  2. Postal Life Insurance ( PLI )
  3. APGLI / TGLI
  4. Life Insurance Premiums
  5. Unit linked Insurance Plan
  6. Public Provident Fund (PPF)
  7. National Savings Certificate (NSC)
  8. Home Loan Principal Repayment & Stamp Duty and Registration
  9. Tuition charges for Two kids
  10. Equity Linked Savings Scheme (ELSS)
  11. 5-Yr financial institution fastened deposits (FDs)
  12. Pension Funds or Pension Policies – Section 80CCC
  13. Infrastructure Bonds
  14. NABARD rural bonds
  15. Senior Citizen Savings Scheme 2004 (SCSS )

Income Tax Software 2021-22 Download (C.Ramanjaneyulu) (TrialVersion)

Income Tax Deductions Section sensible Details under :

SectionDeduction onFY 2021-22
80CCFor quantity deposited in annuity plan of LIC or another insurer for pension from a fund referred to in Section 10(23AAB).
80CCD(1)Employee’s contribution to NPS account (most as much as Rs 1,50,000)
80CCD(2)Employer’s contribution to NPS accountMaximum as much as 10% of wage
80CCD(1B)Additional contribution to NPSRs. 50,000
80TTA(1)Interest Income from Savings accountMaximum as much as 10,000
80GGFor hire paid when HRA is just not acquired from employerLeast of hire paid minus 10% of whole earnings Rs. 5000/- per thirty days 25% of whole earnings
80EInterest on training mortgageInterest paid for a interval of 8 years
80EEInterest on dwelling mortgage for first time dwelling house ownersRs 50,000
80CCGRajiv Gandhi Equity Scheme for investments in EquitiesLower of – 50% of quantity invested in fairness shares or Rs 25,000
80DMedical Insurance – Self, partner, kids
Medical Insurance – Parents greater than 60 years previous or (from FY 2015-16) uninsured dad and mom greater than 80 years previous
Rs. 25,000
Rs. 30,000
80DDMedical remedy for handicapped dependant or fee to specified scheme for upkeep of handicapped dependant Disability is 40% or extra however lower than 80% Disability is 80% or extraRs. 75,000 Rs. 1,25,000
80DDBMedical Expenditure on Self or Dependent Relative for illnesses laid out in Rule 11DD
  For lower than 60 years previous greater than 60 years previous For greater than 80 years previous
Lower of Rs 40,000 or the quantity really paid Rs 60,000 decrease or the quantity really paid Lower of Rs 80,000 or the quantity really paid
80USelf affected by incapacity:   Individual affected by a bodily incapacity (together with blindness) or psychological retardation. Individual affected by extreme incapacityRs. 75,000 Rs. 1,25,000
80GGBContribution by corporations to political eventsAmount contributed (not allowed in money)
80GGCContribution by people to political eventsAmount contributed (not allowed in money)
80RRBDeductions on Income by means of Royalty of a PatentLower of Rs 3,00,000 or earnings acquired

Teachers (Employees) Income Tax Software 2019- 20 Download (C.Ramanjaneyulu)
Income Tax department FY 2019 – 2020 Circular copy download
CPS Employees Additional benefit 50,000 in Income Tax FY 2019-20    (Clarification)

S.No.FY 2019-20 IT Developed NameDownload
2KSS Prasad IT Software FY 2019-20Click Here
3Putta Srinivas Reddy Income Tax Software FY 2019-20Click Here
8 Retired Teachers/ Employees/PENSIONERS Income Tax Software FY 2019-20Click Here

 

Rafimmd

Sending Good and relevant information to Teachers and Students.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button