Efilling Income Tax Return Efiling for AY 2020-21 fy 2019-20 https://www.incometaxindiaefiling.gov.in

Efilling Income Tax Return Efiling for AY 2020-21 fy 2019-20 https://www.incometaxindiaefiling.gov.in


Efilling for Income tax Return online for assesment year 2020-21 and financial year 2019-20 started at Income tax Department Official website https://www.incometaxindiaefiling.gov.in Many Taxpayer waiting to Filling their Income tax Return Online for Ay 2020-21 Income tax Return Online for fy 2019-20. now all Tax payer Can fill up their Income tax return Online for AY 2020-21.

Here In this Article we Gives all the Detail to fill up Income tax Return Online for Ay 2020-21 and Income tax Return for FY 2019-20.

• Efilling Income tax Return
• Income tax Return for AY 2020-21
• Income tax Return for FY 2019-20
• Online Income tax Return file
• Guide To Filling Income Tax Return

How To Efilling Income TAx Return for AY 2020-21 ?
How To Efilling Income TAx Return for FY 2019-20 ?
To Efilling Income TAx Return Online for AY 2020-21 follow the following steps.

1. First Open Efilling Income Tax Department Official website https://www.incometaxindiaefiling.gov.in You can open Direct from here. Here you can see that Income Tax Department Put notification for Efilling Income tax form Start for Ay 2020-21 and 2019-20.




2. Then You have to Login ti Efilling Income tax Return Online for AY 2020-21. If you have Registered user of Efilling site you can Login via User id and password.
If you are not Registered User you have to first Registered on Income Tax Department Efilling site.


3.If you have Registered user of Efilling site you can Login via User id and password. Here User id is your PAN no. If you forget your Efilling password you can use Forget password option.


4. After Login on Efilling Site You can get various Option on it. Like Dashboard, My account, and other option. now you have to Select " Filling Of Income Tax Return" Tab.



5. After Select " Filling Of Income Tax Return" Tab. You have See New Welcome box Like Below Screenshot. You have to select
Assessment year 2020-21
ITR Form Number: ITR-1
and also fill up other option



6. Now open The Income Return Online form for AY 2020-21 and Income Return Online form for FY 2019-20. You can see various Tab Like

• Instructions
• General Instructions
• Computation Of Income and Tax
• Tax Details
• TAxes paid and varifications
• And other options.

Please Read All the Tabs Information Carefully.
and Put your All Date of Income and Deduction for FY 2019-20 Under "computation of Income and Tax" Tab.


Pleade Fill up all Data carefully In this Form.







After Fill up all data. you have to check Ones again all info. giver by you are correct or not.
Then Submit your Form.

Then you have 2 option for Varification of data.
1. Print Receipt and sent it via post to CPC Bangaluru
Or
2. E varify via your adhar no

Thanks.
we hope that we have given all the necessory steps to Efilling Income tax return Online for Ay 2020-21.

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INCOME TAX CALCULATOR-2019-20

INCOME TAX CALCULATOR-2019-20

A teacher is a good person who takes very important responsibility of shaping up the lives of young ones and impressionable children. They get great feeling, pride and true joy in their life by teaching their students on the right path. They never do any type of partiality between good or bad students instead they always try to bring bad one on the right path through their lots of efforts. A good teacher is someone who spent their whole life in giving quality education to their students. They push all the students to do their best. They make learning process very interesting as well as creative. Teachers try their best to bring all the students on the right track by motivation them positively towards study. Good teachers leave good impression over their students.

They equip students with lots of knowledge, skills and positive attitudes so that students can never feel lost and go ahead. They help students to get sure about their goals of education through clear vision and ideas. Without teachers in the life one cannot grow mentally, socially and intellectually.

They push all the students to do their best. They make learning process very interesting as well as creative. Teachers try their best to bring all the students on the right track by motivation them positively towards study. Good teachers leave good impression over their students.

INCOME TAX CALCULATOR-2019-20 BY Jagadish Patel.

INCOME TAX CALCULATOR 2019-20

BY Jagadish Patel

One Person ││ All Staff

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Income Tax Slab For Ay 2020-21 and Financial Year 2019-20

Income Tax Slab For Ay 2020-21 and Financial Year 2019-20

1. Income Tax Slab Rate for AY 2020-21 for Individuals:1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year:

Up to Rs. 2,50,000 : Nil
Rs. 2,50,000- Rs. 5,00,000 : 5%
Rs. 5,00,000- Rs. 10,00,000 : 20%
Above Rs. 10,00,000 : 30%



1.2 Resident senior citizen, i.e., every individual, being a resident in India, who is of the age of 60 years or more but less than 80 years at any time during the previous year:

Up to Rs. 3,00,000 : Nil
Rs. 3,00,000 – Rs. 5,00,000 : 5%
Rs. 5,00,000- Rs. 10,00,000 : 20%
Above Rs. 10,00,000 : 30%

1.3 Resident super senior citizen, i.e., every individual, being a resident in India, who is of the age of 80 years or more at any time during the previous year:

Up to Rs. 5,00,000 : Nil
Rs. 5,00,000- Rs. 10,00,000 : 20%
Above Rs. 10,00,000 : 30%

Plus: -
Health and Education cess: - 4% of income tax and surcharge.

Note: - A resident individual is entitled for rebate under section 87A if his total income does not exceed Rs. 5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 12,500, whichever is less.



What is rebate under section 87A and who can claim it?

Section 87A Rebate
During the interim budget declared in February 2019, the then finance minister Mr. Piyush Goyal announced the government’s proposal that people with income up to INR 5,00,000 will not have to pay any taxes. And this would be possible with the help of tax rebates.
The proposed modification to the Income Tax Act would make sure that taxpayers, whose net taxable income is up to INR 5,00,000 don’t have to pay any income tax. To allow for this to happen, an existing section, 87A was updated in the Income Tax Act.
Section 87A was introduced for the first time in 2013, allowing taxpayers to avail rebate if their net taxable income was below the threshold levels.
What is an income-tax rebate? As per the amendments to Section 87A, if your annual taxable income is INR 5,00,000 or lower, you can avail the tax rebate. The existing laws made way for a 2,500 income tax rebate. However, the updated law ensured that the limit was increased to a 12,500 income tax rebate.
But it is crucial to understand that this rebate holds good only for taxpayers whose annual taxable income is below the threshold limit. If you exceed the limit, you cannot avail any rebates. Here are the eligibility criteria for availing the tax rebate.
The rebate is designed only for individual taxpayers. If you belong to a HUF or firm or company, you cannot avail this rebate.
There are no restrictions based on gender for this section, meaning men and women can both avail the benefits.

IMPORTANT LINK:

Download Pdf file from here

Read Income Tax slab on Income tax official site

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Income Tax Online Calculator for Ay 2020-21 and Financial Year 2019-20

Income Tax Online Calculator for Ay 2020-21 and Financial Year 2019-20

income means the amount that an individual earns in exchange for providing goods or services.In other words, income is the sum of all the wages, salaries, profits, interests payments, rents, and other forms of earnings received for a period of time.

For the purpose of taxation, income has been categorized into five heads :

• Income from Salary .For detail please click here
• Income from House Property. For detail please click here .
• Income from Profit & Gain of Business & Profession
• Income from Capital Gain
• Income from Other Sources

Q What is income tax ?
An income tax is a direct tax which is imposed on assessee depending upon the their respective income or profit. In other words, it is the tax levied on the income earned.

Q When income tax is required to be paid ?
Income Tax is required to be paid when your income exceeds the Basic Exemption Limit. This limit is specified by the government every year. Currently, it is Rs. 2,50,000 for Individual below the age of 60 Years.

Q What is the period for which tax is calculated?
Tax is charged on any income earned during the period April 1- March 31. The year in which the income has been earned is known as the ‘previous year’ and the year in which the tax is calculated, is known as the ‘assessment year.

Q What are the benefits of tax calculation beforehand?
You should calculate Taxes beforehand so that you are able to set aside the funds which you will be needing for paying taxes at the time of filing return.Therefore, at the time of return filing, you don’t have to rush for arranging funds.The other benefit is, it lets you know that whether your taxes will go up or down in comparison to the previous year.

Q How to calculate income tax in India?
In India,the Income tax is calculated on the basis of tax rates and slabs defined by Finance Ministry in the budget which is presented every year.

What calculations are made by the calculator?

The Income Tax calculator carries out following calculations for the Assessment Year selected by you :
Income from Salary and Wages, House Property, Presumptive Business and Other Sources.
Total Deductions available under various sections of Chapter VIA.
Taxable Income after taking into account income from all sources of income (viz. Salary and Wages, House Property, Capital Gains, Business and Profession, Agriculture (for Rate purpose) and Other Sources and available deductions.
Taxable Income at Normal Rates and Taxable Income at Special Rates.
Slab-wise Taxable Income and Income Tax
Rebate available under Section 87A to tax payees having taxable income below specified limit.
Health & Education Cess, Surcharge and Marginal Relief on Surcharge
Total Tax Liability and Income Net of Tax

IMPORTANT LINK:

Click here for Income tax official Calculator

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