Join My whatsapp GroupINCOME TAX SOFTWARE
INCOME TAX SOFTWARE
Important things teachers should keep in mind while preparing IT forms for financial year 2023-24
Teachers should have a minimum understanding of Old Regime, New Regime in IT.
80C Deductions 150000;
24A Deductions 200000;
80EEA Deductions 150000;
Old Regime is beneficial for teachers with an Education Interest amount.
The old regime benefit is applicable if the deductions mentioned above are applicable for teachers whose annual income is between 8 lakhs and 10 lakhs.
With an annual income of less than Rs 8 lakhs
The Old Regime is beneficial to all of them.
The New Regime is beneficial for all those with fewer deductions, and everyone with a higher Annual Income can opt for the New Regime.
No deductions are applicable to those who submit IT through the New Regime so they do not need to give documents like Rent Receipt, Tution fee, LIC, Housing loan to DDOs.
Rs.200000 through Sec.24A/- Rs.150000/- by Sec.80EEA for those who have taken housing loan if deductions are applicable
Share This:
No Comment to " INCOME TAX SOFTWARE "