Download Excel-based automatic income tax preparation program for government and non-government (private) employees for tax year 2022-23 for new and existing tax system

  Download Excel-based automatic income tax preparation software for government and non-

government (private) employees for new and existing tax systems for the tax year 2022-23

 

 

Finance Minister Nirmala Sitharaman has announced the inclusion of a new provision in the Union Budget for 2020 known as 115BAC in the Income Tax Act. The second BAC 115, after the tax year 2020-21, sets a new discretionary income tax structure for Hindu individuals and undivided families (HUF).

 

 

Let’s look at the allowances for the new number plates, the eligibility criteria for the new system, and the allowances allowed or denied under section 115 BAC. Additionally, we help you compare two tires so you can choose the right one for you.

 

What is Section 115 BAC?

  

Section 115 BAC is a provision recently inserted in the Income Tax Act of 1961, which guarantees a new system of income tax. This financial allocation and other discipline has been included in the Union Budget for 2020 and applies to Hindu individuals and Undivided Families (HUF). The key part of this new system is that the income tax rate has been significantly reduced. However, the new rates come at the expense of many basic income tax exclusions and exemptions, which are now accessible under the old (current) income tax framework. The attached table shows the cost of new plates referred to in Section 115 BAC.

 

Download Automated Income Tax Preparation All-in-one Software based on Excel for Government and Non-Government (Private) Employees for Financial Year 2022-23and Tax Year 2023-24 U/s 115BAC

 

Feature of this excel utility:-

 

1) This excel utility perfectly prepares your income tax according to your U/s 115BAC option.

 

2) This Excel utility has a completely revamped Income Tax section as per Budget 2022

 

3) Automatic computation of U/s 89(1) Arrears of Income Tax in Form 10E for financial year 2022-23

 

4) Automatic computation Income Tax Exemption rented house U/s 10(13A).

 

5) Individual wage adjustment according to the public and non-government (private) wage scale.

 

6) Individual Pay Sheet

 

7) Individual tax datasheet

 

8) Automatic Income Tax Form 16 Part A&B revised for the financial year 2022-23

 

9) Automatic Income Tax Form 16 Part B revised for the financial year 2022-23

 

10) Automatically convert quantity to in words without an excel formula