Friday, February 24, 2023

Income Tax (IT) Softwares 2023 for AP, TS Employees, Teachers updated IT Calculation Software 2023 Latest Excel Programs New Slab rates

Income Tax/ IT Calculation Software For FY 2022-2023 for AP,Telangana Employees, Teachers. AP employees, IT  software 2023 for teachers in Andhra Pradesh and Telangana State employees, Teachers, pensioners 
As per new Budget  a new tax regime giving taxpayers an option to pay taxes as per the new tax slabs. Any individual opting to be taxed under the new tax regime in FY 2022-23 will have to give up certain exemptions and deductions. So, the employee or pensioner must know which of these two benefits would be available through Income Tax Calculation Software and choose the better one. Income Tax(IT/I.T) Calculation Software For FY 2022-2023 for Andhra Pradesh(AP),Telangana(TS) Teachers.IT Income tax software 2023, income tax Programme 2023-2024, IT Programme 2023. MS-Excel Programme Income Tax 2022-2023 Income Tax (IT/I.T) Software For 2022-2023 Financial Year(FY): New Slab Rates,Excel Sheet Softwares.It is helpful to calculate advance tax by giving assuming DA in data sheet and useful for both states TS &AP more details incometaxindiaefiling Income Tax Software 2022-2023 for Teachers/ Employees in AP & Telangana States, Employees IT Calculator, New Slab rates, Latest Housing loan, 80C saving sections details  Latest Income Tax Software FY 2022-2023 for AP State Govt Employees ,Teachers , All Departments i.e Teaching, Non Teaching ,Vacation Posts, Non Vacation Posts is Exclusively Prepared by KSS Prasad Teachers Income Tax Software 2022-2023 for Gunturbadi AP.Income Tax Calculation Software 2022-2023 For AP,TS Teachers.Income Tax Calculation Software 2023 (FY 2022-2023) Assessment Year (AY- 2023-2024).



IT/ Income Tax Software 2023 for TS / AP Teachers IT Calculator.


Income Tax(IT/I.T) Software For FY 2022-2023 for Andhra Pradesh(AP), Telangana(TS) Teachers
Andhra Pradesh(AP) Teachers Income Tax Software 2022-2023  Telangana(TS) Teachers Income Tax Software 2023 for All Teachers Income tax Slab ratesEmployees Income Tax Calculation Financial year 202-23 Income Tax Assessment year 2023-20224, 80C Saving limit FY 2022-2023 AY 2023-24 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 2023 Prepared by Vijaya Kumar Sir,Teachers Income tax calculation Updated Software 2022-2023


New in Income Tax  FY 2022-23 and AY 2023-24: 
The Tax Slab rate and exemption limit remain unchanged for individuals from the Financial year 2022-23 and Assessment Year 2023-24.

As per new Budget  a new tax regime giving taxpayers an option to pay taxes as per the new tax slabs.
Any individual opting to be taxed under the new tax regime, will have to give up certain exemptions and deductions. So, the employee or pensioner must know which of these two benefits would be available through Income Tax Calculation Software and choose the better one.
ఆదాయపు పన్ను గణన FY 2022-23 (AY 2023-24) లో కొత్త విషయం: 
As per new Budget  Guidelines Slab rates నూతనంగా తీసుకువచ్చిన 6 అంచెల స్లాబ్ లో టాక్స్ చెల్లిస్తే 1,50,000ల 80C వదులుకోవాల్సి వస్తుంది. పాత మూడు స్లాబ్ ల విధానం లో అయితే 1,50,000ల సేవింగ్ చేసుకునే అవకాశం ఉంటుంది.అయితే ఉద్యోగి లేదా పెన్షనర్ ఈ రెండింటిలో ఏది లాభదాయకమో ఇన్కమ్ టాక్స్ గణన  సాఫ్ట్వేర్స్ ద్వారా తెలుసుకొని ఎంచుకోవాల్సి ఉంటుంది.

 
Income Tax (IT) Excel Softwares 2023 : IT Income Tax Softwares 2023 for AP & Telangana Latest IT Claculation Software Program 

Income Tax Slab rares 2022-2023
Tax Rate for Individuals
Up to Rs. 2,50,000 - Nil
From Rs. 2,50,001 to Rs. 5,00,000 - 5%
From Rs. 5,00,001 to Rs. 7,50,000 - 10%
From Rs. 7,50,001 to Rs. 10,00,000 - 15%
From Rs. 10,00,001 to Rs. 12,50,000 - 20%
From Rs. 12,50,001 to Rs. 15,00,000- 25%
Above Rs. 15,00,000 - 30%

It’s important to note that these new tax rates are only applicable to those individuals who do not wish to avail specified exemptions or deductions. It means that these lower tax rates will be applied to their total income directly without allowing any benefit of deductions and exemptions. The deductions and exemptions that will not be allowed under this regime include:

1.) Standard deduction from salary and profession tax
2.) House Rent Allowance
3.) Housing Loan Interest
4.) Leave Travel Allowance
5.) Deductions under Chapter VIA of the Income tax Act, 1961 such  section 80C (life insurance premium), section 80CCC (pension premium), 80D (health insurance premium), 80TTA (bank interest), etc.

However, individuals who would like to continue to claim applicable exclusions and deductions may do so, but they will have to follow the existing tax rates, which are as follows:
INCOME TAX SLABS FOR FY 2022-2023 (A.Y 2023-2024)
Income Tax Slab for HUFs & Individuals (below 60 years – for both Men & Women):
Income SlabTax Rate
Income up to Rs 2,50,000No Tax
Income from Rs 2,50,000 – Rs 5,00,0005%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%
Surcharge: 
10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but below Rs 1 crore
15% surcharge on income tax if the total income exceeds Rs 1 crore

Education Cess:  
2% cess on income tax including surcharge
 Secondary and Higher Education Cess: 1% cess on income tax including surcharge

Rebate under Section 87A:  
Rs 2,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 3.5 Lakhs

Income tax slab for senior citizens (60 years to less than 80 years old) (both men & women):
Income Slab Tax Rate
Income up to Rs 3,00,000No Tax
Income from Rs 3,00,000 – Rs 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Surcharge:
 10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but below Rs 1 crore
 15% surcharge on income tax if the total income exceeds Rs 1 crore

Education Cess: 
 2% cess on income tax including surcharge
Secondary and Higher Education Cess: 1% cess on income tax including surcharge
 Rebate under Section 87A: Rs 2,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 3.5 Lakhs

Income tax slab for Very senior citizens (80 years or more) (both men & women):
Income Slab Tax Rate
Income up to Rs 2,50,000 No Tax
Income from Rs 2,50,000 – Rs 5,00,000No Tax
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Surcharge:
 10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but below Rs 1 crore
 15% surcharge on income tax if the total income exceeds Rs 1 crore

Education Cess: 
➤2% cess on income tax including surcharge
➤Secondary and Higher Education Cess: 1% cess on income tax including surcharge

Individual Tax
  1. Rebate under section-87A  : As per the amendments to Section 87A, if your annual taxable income is INR 5,00,000 or lower, you can avail the tax rebate. The existing laws made way for a 2,500 income tax rebate. However, the updated law ensured that the limit was increased to a 12,500 income tax rebate
  2. Standard Deduction for salaried tax payers increased from Rs. 40,000 to Rs. 50,000.
  3. Rent exempted from TDS increased to Rs. 2.4 lakh from Rs. 1.8 lakh.
  4. TDS exemption on interest on post office and bank deposits raised from Rs. 10,000 to Rs. 40,000.
  5. Gratuity limit increased from Rs. 10 Lakh to Rs. 30 lakh.
  6. Exemption on Capital Gains Tax under Section 54 of up to Rs. 2 crore on residential property can now be claimed for investment of proceeds in 2 residential properties once in a lifetime.
  7. IT returns and refunds to be processed within 24 hours.
  8. IT scrutiny to be made simpler with digital-unmanned system where the identity of the IT officer and tax payer remains anonymous.


1.KSS Prasad Income Tax Software for FY 2022-2023, AY 2023-24 for AP,TS available now

 KSS PRASAD Income Tax Software 2023   (for AP, TS employees  updated on 24-02-2023 )

2. Putta's income tax software 2023

PUTTA IT Software Full Version 1.3c is available with new DA Automatic calculation

TS Income Tax software for FY 2022-23 , 2023-24 AY  Download (Full Version Full Version 1.3C updated on 24-02-2023 Excel file download Link1 )

AP Income Tax calculation software for FY 2022-23 , 2023-24 AY  Download (Full Version Full Version 1.0 updated on 24-02-2023   )

Pensioners Incometax software FY 2022-23  (Full Version Full Version 1.0 updated on 24-02-2023   )

Contract JLs Income Tax software FY 2022-23  (Full Version Full Version 1.0 updated on 24-02-2023   )

3. Medakbadi IncomeTax Software 2023 by Kota Vijay Kumar Available now

Medakbadi IncomeTax Software 2023 by Kota Vijay Kumar Available now

TS INCOME TAX SOFTWARE FY 2022-23 BY VIJAYAKUMAR KOTA  (DA-20.020% -Option from Jan/Feb) 24.02.2023

AP INCOME TAX SOFTWARE FY 2022-23 (AY 2023-24) FROM MEDAKBADI (BY VIJAYAKUMAR KOTA)   24.02.2023

 PENSIONERS INCOME TAX SOFTWARE FY 2022-23 (A.Y 2023-24)  24.02.2023

BS Chary Income Tax Software for 2022-23 for AP,TS available now

BS Chary Income Tax Software for 2022-23 for AP,TS available now

TS Income Tax Software 2023 for FY 2022-23 Download ( Excel file Link1 Updated on 24-02-2023)

TS Income Tax Software 2023 for FY 2022-23 Download(  Excel file Link2 Updated on 24-02-2023 )

AP Income Tax Software 2023 FY 2022-23 Download Excel file  Updated on 20-02-2023)

Pensioners' Income Tax Software FY 2022-23(Updated on 24-02-2023 New)

5. C.Ramanjaneyulu IT Software 2023(Updated ) ( AP, TS )

IIncome Tax Software 2022-23 for AP employees  Final Version by C Ramanjaneyulu

AP Income Tax Software 2022-23  (C Ramanjaneyulu Updated on 24-02-2023) (AP Excel Software) Telangana Teachers & Employees Excel Software Final Version

TS Income Tax Software 2023 Download ( C Ramanjaneyulu Updated on 24-02-2023 TS Excel Software)

 Seshadri Income Tax Software 2022-23  for AP and TS Govt Employees

Download Seshadri IT Software Excel software New version Updated on 24/02/2023

Download Seshadri IT Software Excel FY:2022-23 Updated:24/02/2023 Link2   

HRA & Home Loan Interest Exemption Declaration Form 2

HRA & Home Loan Interest Exemption Declaration Form 3

Download Income Tax DDO Declaration

7. IT Software for   by K.Sanyasi Naidu(Vizag) (Updated New) ( AP, TS )
 
 
9. JAYARAM IT 2023 SOFTWARE  (Updated New) ( AP, TS )
 
10. Mobile  INCOMETAX SOFTWARE by C. Ramanjaneyulu  2023(Mobile Version updated) ( AP, TS)

 Phone /Mobile Version  Income Tax software 2023



S.NO.INCOME TAX SOFTWARE Developed byDOWNLOAD
1IT Software 202 for AP & Telangana for AY 2022-23
 Click Here
2KSS Prasad Income Tax Software FY 2022-23 Click Here
3Putta Srinivas Reddy Income Tax Software FY 2022-23 Click Here
4Vijay Kumar Income Tax Software FY 2022-23 Click Here
5C.Ramanjaneyulu Income Tax Software FY 2022-23 Click Here
6B.Srinivasa Chary Income Tax Software FY 2022-23Click Here
7Seshadri Income Tax Software FY 2022-23 Click Here
8TS Employees, Teachers Pay details, Month wise Salary Statement   Click Here
9Ramzan Ali Income Tax Software FY 2022-22 Click Here
10Mobile Version Income Tax Software FY 2022-22 Click Here
11Model School Teachers (APMS IT)   Software FY 2022-23 Click Here
12 DSC Wise Teachers IT Calculation Tables  Click Here
13IT  Softwares  AP TS Teachers, Employees with PRC Arrears Click Here
14AP Employee Online Salary Details, Online Employee Pay Details Click Here
15   
16Telangana Employees  Salary certificate Click Here
17How to Download SBI Home Loan Statement Interest and Principal   Click Here
18How to Get LIC Premium Statements for Income Tax Purpose Click Here
19How to Pay PLI ( Postal Life Insurance ) Premium Online Click Here
20Tax Rebate u/s 87A Income Tax Exemption Guide    Click Here
21Income Tax Slab Rates and Deductions Analysis  Click Here
22How to do Income Tax E-Filing Online Step by Step Process Click Here
23Income Tax e-Filing Processed (Confirmed) OR Not? Check Here Click Here


80C & 80CCE- Maximum Exemption up to Rs.150000
Investments up to Rs.1.5 lac in PF, VPF, PPF, Employee contribution in NPS,Insurance Premium, Housing loan principal repayment, NSC, ELSS, long term bank Fixed Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (for example) all 1 lac can be invested in NSC or PPF etc.

  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 fees for Two children 
  10. Equity Linked Savings Scheme (ELSS) 
  11. 5-Yr bank fixed 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 Deductions Section wise Details below :

Income Tax Deductions Section wise Details below :
SectionDeduction on
80CCFor amount deposited in annuity plan of LIC or any other insurer for pension from a fund referred to in Section 10(23AAB).
80CCD(1)Employee’s contribution to NPS account (maximum up to Rs 1,50,000)
80CCD(2)Employer’s contribution to NPS accountMaximum up to 10% of salary
80CCD(1B)Additional contribution to NPSRs. 50,000
80TTA(1)Interest Income from Savings accountMaximum up to 10,000
80GGFor rent paid when HRA is not received from employerLeast of rent paid minus 10% of total income Rs. 5000/- per month 25% of total income
80EInterest on education loanInterest paid for a period of 8 years
80EEInterest on home loan for first time home ownersRs 50,000
80CCGRajiv Gandhi Equity Scheme for investments in EquitiesLower of – 50% of amount invested in equity shares or Rs 25,000
80DMedical Insurance – Self, spouse, children Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years oldRs. 25,000 Rs. 30,000
80DDMedical treatment for handicapped dependant or payment to specified scheme for maintenance of handicapped dependant Disability is 40% or more but less than 80% Disability is 80% or moreRs. 75,000 Rs. 1,25,000
80DDBMedical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD For less than 60 years old For more than 60 years old For more than 80 years oldLower of Rs 40,000 or the amount actually paid Lower of Rs 60,000 or the amount actually paid Lower of Rs 80,000 or the amount actually paid
80USelf suffering from disability: Individual suffering from a physical disability (including blindness) or mental retardation. Individual suffering from severe disabilityRs. 75,000 Rs. 1,25,000
80GGBContribution by companies to political partiesAmount contributed (not allowed in cash)
80GGCContribution by individuals to political partiesAmount contributed (not allowed in cash)
80RRBDeductions on Income by way of Royalty of a PatentLower of Rs 3,00,000 or income received



Tags: IT Income tax software 2023, income tax Programme 2022-2023, IT Programme 2023. MS-Excel Programme assessment year 2022-23 for financial year 2022-23 Download.Income Tax (IT/I.T) Software For 2022-23 Finanacial Year(FY):New Slab Rates,Excel Sheet Softwares.It is helpful to calculate advance tax by giving assuming DA in data sheet and useful for both states TS &AP more details www.incometaxindiaefiling.gov.in.Income Tax Software 2023 for Teachers/ Employees in AP & Telangana States, Employees IT Calculator, New Slab rates, Latest Housing loan, 80C saving sections Download here. IT/ Income Tax Software 2022-23 for TS / AP Teachers IT Calculator.

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