AP, Telangana Income Tax Software FY 2021-22 AY 2022-23 by S.Seshadri

Online Income Tax Software AP Employees FY 2021-22(AY 2022-23) (Click Here)

Online Income Tax Software Telangana Employees FY 2021-22(AY 2022-23) (Click Here)

Download Seshadri IT Excel Software FY 2021-22(AY 2022-23) for AP Employees (Click Here)

Download Seshadri IT Excel Software FY 2021-22(AY 2022-23) for Telangana Employees (Click Here)

About Income Tax Software 2021-22 by S.Seshadri

Income Tax 2021-22 Excel Software has been released by S.Seshadri SA(MM) for the financial year 2021-22(AY 2022-23). The is software is more useful to the employees of Andhra Pradesh and Telangana Govt Teachers. He has been preparing Income Tax software for the past 15 years. The Income Tax Calculation Software prepared by him is printable and easy to submit to the DDO. The IT Software is prepared based on the latest principled laid in the IT Rules.

Special Feature of IT Software FY 2021-22 by S.Seshadri

• It is compatible version, even works in old MS Office.
• Can edit anywhere in the software.
• Used VB Script wherever is necessary.
• With less entries, more output.
• All prints are in A4 formats.
• Salary form, Annexure-II, Form-16 front and back are available.

The IT Software FY 2021-22 is enriched with VB Script to take printout easily. Once you take all printouts you can submit the same to concerned DDO.

Avail Rs.12,500 Tax Rebate U/s 87A

The salaried employee, who has taxable income is up to Rs.5,00,000/- can avail the rebate up to Rs.12,500/- as per the provisions available in the Budget 2019.

U/s 87A Standard Deduction Rs.50,000/-

In Budget 2019, Rs.50,000 standard deduction, a fixed amount and helps to reduce tax burden to salaried persons as well as pensioners. This standard deduction not useful to family pensioners. For the tax purpose, one can reduce Rs.50,000 from their gross salary.

Latest Income Tax Slabs FY 2021-22 (AY 2022-23)

Tax Exemption Provisions Under U/s 80C IT Act FY 2021-22

• Repayment of Home Loan Principle Max Rs 1,50,000
• LIC Insurance Premium- Annual Max Rs 1,50,000
• Tuition Fee- Two Children Max Rs1,50,000
• National Savings Certificates (NSC) Max Rs 1,50,000 -
• Unit linked Insurance Plan Max Rs 1,50,000
• Equity linked Savings Schemes (ELSS) Max Rs 1,50,000
• 5-Years fixed deposits with bank/post office Max Rs 1,50,000
• Public Provident Fund Max Rs 1,50,000 80C
• ULIP Max Rs 1,50,000
• PLI 1,50,000 Max Rs 1,50,000
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Section 80C IT Act

Section 80C : , entitles an employee to deductions for the whole of amounts paid or deposited in the current financial year in the following schemes, subject to a limit of Rs.1,50,000/-

In section 80C of the Income-tax Act, in sub-section (1), for the words one lakh rupees, the Amendment of words one hundred and fifty thousand rupees shall be substituted with effect from the 1st day of section 80C. April, 2015 .

Read Complete information about 80C, 80CCC, 80CCD, 80CCF Click Here

IT Act Section 80CCC

Life Insurance Corporation of India or any other approved insurer for receiving pension from the Fund referred to in clause (23AAB) of section 10, he shall, in accordance with, and subject to the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount paid or as does not exceed the amount of 1 lakh rupees in the previous year. Read more about EPF/VPF, PPF, NSC POTD, SCSS, 80CCD, ELSS, ULIP