Income Tax 2020-2021 Software IT Calculation for AP, TS Teachers Employees

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Income Tax Software 2020-21 FY  Assessment Year 2021-22 for AP, TS  Teachers Employees Income Tax Software 
AP TS Teachers IT (I.T/Income Tax) Softwares FY 2020-21 for AP TS Teachers  Income Tax(IT/I.T) Calculation Software For  AP,TS #Updated AP Teachers Income Tax Software 2020-21 TS Teachers Income Tax Software for Teachers Income tax Slab rates Employees Income Tax Calculation Financial year 2018-19 Income Tax Assessment year 2021-22 Income Tax 2020-21 Software – AP & Telangana Teachers, Employees, Pensioners  AP Teachers Income Tax Software 2018-19 TS Teachers Income Tax Software for Teachers Income tax  rates Employees Income Tax Calculation Financial year 2020-21 Income Tax Assessment year 2021-22,  80c Saving limit FY 2020-21 AY 2021-22 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 2020-21 Developed by C. Ramanjaneyulu, Teachers Income tax calculation Updated Software 2020-21. Income Tax Software for AP / TS Teachers/ Employees IT Slab rates, Saving Details  Income Tax Software for AP / TS Teachers/ Employees Rates of income tax for the Financial year 2020-21 – Assessment Year 20201-22

Slab Rates of income tax for the Financial year 2020-2021 – Assessment Year 2021-2022
Tax Rates for Individuals According to the New Budget Proposal 

In the new budget, the Finance Minister outlined the fact that income tax rates would be lowered and the tax slabs broken down further. The new income tax rates are as follows:

Income Tax Slab rares 2021-2022
Tax Rate for Individuals and HUF’s
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 Slab
Tax Rate for Individuals Below the Age of 60
Up to Rs. 2,50,000- No tax
From Rs. 2,50,001 to Rs. 5,00,000- 5%
From Rs. 5,00,001 to Rs. 10,00,000 – 20%
Above Rs. 10,00,000- 30%

As per the current income tax slabs, taxation of income of resident individuals below 60 years is as follows:
Income up to Rs 2.5 lakh is exempt from tax
5 per cent tax on income between Rs 250,001 to Rs 5 lakh
20 per cent tax on income between Rs 500,001 and Rs 10 lakh
30 per cent tax on income above Rs 10 lakh.

As per the Budget proposals, under the existing regime, tax rates for senior citizens and super senior citizens remain unchanged. Here’s a look at what the current tax rates are for these two age groups:

Income Tax Slab Tax Rate for Individuals Above the Age of 60
Up to Rs. 3,00,000- Nil
Rs. 3,00,001 to Rs. 5,00,000- 5%
Rs. 5,00,001 to Rs. 10,00,000- 20%
Above Rs. 10,00,000- 30%

As per the current income tax slabs, taxation of income of resident individuals above 60 years is as follows:
Income up to Rs 3 lakh is exempt from tax
5 per cent tax on income between Rs 300,001 to Rs 5 lakh
20 per cent tax on income between Rs 500,001 and Rs 10 lakh
30 per cent tax on income above Rs 10 lakh.

Income Tax Slab Tax Rate for Individuals Above the Age of 80
Up to Rs. 5,00,000- Nil
Rs. 5,00,001 to Rs. 10,00,000- 20%
Above Rs. 10,00,000-  30%

IT Income Tax Software 2020-2021 for AP & Telangana Latest IT Claculation Software Program for FY 2020-21

S.NO. INCOME TAX SOFTWARE DOWNLOAD
1 IT Software 2020-21 for AP & Telangana for AY 2021-22  Click Here
2 KSS Prasad Income Tax Software FY 2020-21  Click Here
3 Putta Srinivas Reddy Income Tax Software FY 2020-21  Click Here
4 Vijay Kumar Income Tax Software FY 2020-21  Click Here
5 Zaheeruddin STO, Kakinada IT Software FY 2020-21  Click Here
6 C.Ramanjaneyulu Income Tax Software FY 2020-21  Click Here
7 B.Srinivasa Chary Income Tax Software FY 2020-21  Click Here
8 Seshadri Income Tax Software FY 2020-21  Click Here
9 Ramzan Ali Income Tax Software FY 2020-21  Click Here
10 Mobile Version Income Tax Software FY 2020-21  Click Here
11 Model School Teachers (APMS IT)   Software FY 2020-21  Click Here
12  DSC Wise Teachers IT Calculation Tables 2020-21 for AP, TS    Click Here
13 IT  Softwares 2020-21 AP TS Teachers, Employees with PRC Arrears  Click Here
14 AP Employee Online Salary Details, Online Employee Pay Details  Click Here
15 TS Employees, Teachers Pay details, Month wise Salary Statement       Click Here
16 Telangana Employees  Salary certificate  Click Here
17 How to Download SBI Home Loan Statement Interest and Principal    Click Here
18 How to Get LIC Premium Statements for Income Tax Purpose  Click Here
19 How to Pay PLI ( Postal Life Insurance ) Premium Online  Click Here
20 Tax Rebate u/s 87A Income Tax Exemption Guide     Click Here
21 Income Tax Slab Rates and Deductions Analysis for FY 2020-21  Click Here
22 How to do Income Tax E-Filing Online Step by Step Process  Click Here
23 Income Tax e-Filing Processed (Confirmed) OR Not? Check Here  Click Here



Latest  IT Excel Software 2018-19  


Income Tax Slabs for the Individual for the Assessment Year 2017-2018

S. No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 250,000 No Income Tax
2. Rs. 250,001 to 500,000 5%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%

Income Tax Slabs for the Senior Citizen for the Assessment Year 2017-2018

S. No. Income Tax Slab Income Tax Rate Payable
1. Rs. 0 to 300,000 No Income Tax
2. Rs. 300,001 to 500,000 5%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%

 

Putta Income Tax Software for AP TS Teachers 2018-19Putta Srinivas Reddy Income Tax Software 2018-19 for Telangana and AP TeachersIncome tax software2018-19 free Download for TS Teachers.Latest Putta Income Tax Calculator for FY 2018-19 [AY 2021-22] Excel Download, Income Tax Slab for FY 2018-19.

Income Tax Slab Rates for FY 2018-19 (AY 2021-22)

  • For Individual Male/Female with age <60 Yrs
  • Taxable Income Up to Rs. 2,50,000 – Nil
  • Rs. 2,50,000 to 5,00,000 – 5%
  • Rs. 5,00,000 to 10,00,000 – 20%
  • Rs. 10,00,000 & above – 30%
Income Tax Software Financial Year 2018-19 Assessment Year 2018-19
Income Tax 2018-19 Information: Finance Act 2014 has made following changes relating to determination of Income Tax payable by Salaried Employees:
1. Taxable Income eligible for full exemption from income tax increased from Rs. 2 lakh to Rs. 2.5 lakh
2. Additional deduction of Rs. 50,000 under Section 80 C, CCC, CCD(1): Deduction allowed under Section 80C, 80CCC, and Section 80 CCD(1) for savings/investments, premium for annuity / pension fund and employee contribution to NPS respectively has been increased to Rs. 1.5 lakh from Rs. 1 lakh (Section 80CCE Limit)
3. Income Tax exemption on Interest paid on housing loan under Section 24 of the Income Tax Act increased from Rs. 1.5 lakh to Rs. 2 lakh
4. In addition to above three new changes, Income Tax Rebate of Rs. 2000 for taxable income up to Rs. 5 lakh continues this year also under Section 87A of Income Tax Act

IT Excel Software(30.01.2018):


➣ Teachers Income Tax Software 2017- 18 Download ( C.Ramanjaneyulu) 01-02-2018
➣ Download KSS Prasad Income Tax Software FY 2018-19 for AP Teachers & Employees
➣ Download Income Tax Software 2018-19 for TS / AP Teachers (Putta Sinivas Reddy)
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