Deduction allowed between New and Old Tax Regimes for the Assessment Year 2024-25 as per the Budget 2023 with Auto Calculate Income Tax Preparation Software in Excel for Government and Non-Government Employees for the A.Y.2024-25

Deduction allowed between New and Old Tax Regimes for the Assessment Year 2024-25 as per the Budget 2023 with Auto Calculate Income Tax Preparation Software in Excel for Government and Non-Government Employees for the A.Y.2024-25

Deduction allowed between New and Old Tax Regimes for the Assessment Year 2024-25 as per the Budget 2023 with Auto Calculate Income Tax Preparation Software in Excel for Government and Non-Government Employees for the A.Y.2024-25

  Deduction/Exemption Uner SectionOld Tax Regime New Tax Regime
Standard Deduction [Section 16(ia)]AvailableAvailable
Leave ’travel concession section 10(5)AvailableNot Available
House Rent Allowance [Section 10(l3A)]AvailableNot Available
Official and personal allowances (other than those as may be prescribed) [Section 10(14)]AvailableNot Available
Allowances to MPs/MLAs [Section 10(17)]AvailableNot Available
Entertainment Allowance [Section 16((ii)]AvailableNot Available
Professional  ’l’ax  lsection  l6(iii)JAvailableNot Available
Interest   on housing  loan for self-occupied house property [Section 24(b)]AvailableNot Available
Deduction under Sections 8 C to 80U other than specified under Section  80CCD(2), and Section 80CCH(2) [Chapter VI-A]AvailableNot Available
Set-off of any loss under the head “Income from house property” with any other head of incomeAvailableNot Available
Exemptions    or   deductions   for allowances or perquisites provided under any other law for the time being in forceAvailableNot Available

Download Automated Income Tax Preparation Excel-Based Software All in One for the Government & Non-Government (Private) Employees for the F.Y.2023-24 and A.Y.2024-25

Deduction allowed between New and Old Tax Regimes
Deduction allowed between New and Old Tax Regimes
Deduction allowed between New and Old Tax Regimes
Income Tax Form 10E

Features of this Excel Utility:-

1) This Excel utility prepares and calculates your income tax as per the New Section 115 BAC (New and Old Tax Regime)

2) This Excel Utility has an option where you can choose your option as a New or Old Tax Regime

3) This Excel Utility has a unique Salary Structure for Government and Non-Government Employees Salary Structure.

4) Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 to F.Y.2023-24 (Update Version)

5) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2023-24

6) Automated Income Tax Revised Form 16 Part B for the F.Y.2023-24