2 in 1 Auto Income Tax Calculator with Salary Statement
Govt. has
introduced a New tax regime from F.Y.-2020-21 with a lower tax rate without any
exemption/deduction. Also left an option for assesses to choose any one
suitable regime. between Old(existing) and New income-tax regime. A circular
issued by the CBDT that salaried employees to choose at the time employers are
deducting TDS. OR at the time for filing of ITR.
For your help an Auto tax Calculator for F.Y. -2020-21 is already
available for download at this website www.taxationseva.com. Which will help you to calculate and
compare according to both regimes in very simple way with less time and fewer
efforts and suggest you that which tax regime would be better option for
financial year 2020-21 and plan accordingly. In
continuation of my Auto tax Calculator version 15.0 for F.Y.-2020-21. another
tool of Auto Income tax calculator 2 in 1 Income Tax Calculator with Salary
statement. In auto Tax calculator You had to input data directly in Calculator
on annual basis. But in this 2 in 1 calculator you can calculate on actual
received & accrual basis also you can prepare the salary statement. You
will be able to customise the salary statement according to your salary structure. You can select allowances etc from drop down.
Now It is up to you on the basis of your
suitability & requirement. You can work on anyone calculator.
I hope
you will like and share this creation. If you find any inconsistency please
write. I will try to amend/rectify.
Download 2
in 1 Auto Income Tax calculator with Salary Statement for
F.Y.-2020-21(A.Y.2020-21)
