The Income tax Calculation Excel Software – IT Excel Software 2023-24 FY 2024-25 AY
Income tax Calculation Excel Software – IT Excel Software 2023-24 FY 2024-25 AY Download Income tax latest software for Andhra Pradesh Govt Employees and Teachers Income tax details in Telugu pdf. AP Teachers Income tax excel software’s prepared by kss prasad income tax software 2022-23, K. Vijay Kumar Medakbadi income tax excel software 2022-23 Putta income tax software B Srinivas Charry IT Software 2020-21 Putta Srinivas Income Tax 2022-23 Rambabu Income Tax software are so popular in Andhra Pradesh and Telangana State. These software were prepared in excel sheet and every one can easily use it and employees can easily calculate their income tax details simple income tax excel calculators FY 2022-23 and 2021-22 AY
- Income Tax Software 2020-21 (Check Old Regime vs new Regime Tax with your salary statement)
- Download Income tax excel software Prepared by Vijay Kumar, KSS Prasad Putta Srinivas B. Srinivas Charry
- Download AG GPF Pay Slip
How to Calculate Income Tax for 2023-24 FY and 2024-25 AY
The Income tax slab for 2023-24 FY and 2024-25 AY has two type one is old regime and second one is New regime that depend on employee which one is suitable you can take
Income Tax Rebate Details for below 60 Years
| Slab Rebate | Old Regime Income Tax Rate | New Regime Income Tax Rate |
| Where the total income does not exceed Rs.2,50,000/-. | No Tax | No Tax |
| Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/- | 5% | 5% |
| Where the total income exceeds Rs.5,00,001/- but does not exceed Rs.7,,50,000/- | 20% | 10% |
| Where the total income exceeds Rs.7,50,001/- but does not exceed Rs.10,00,000/- | 20% | 15% |
| Where the total income exceeds From Rs.10,00,001/- to Rs.12,50,000/- | 30% | 20% |
| Where the total income exceeds From Rs.12,50,000/- to Rs.15,00,000/- | 30% | 25% |
| Above Rs.15,00,000/- | 30% | 30% |
Income Tax Section Wise Maximum Deduction Details
| Section | Particulars | Max. Deduction |
| 24 | Home loan interest | 2,00,000 |
| 80C | LIC / PPF / KVP / EPF / SSY / NSC / HOME LOAN PRINCIPAL / SCHOOL FEES/ ELSS/STAMP DUTY | 1,50,000 |
| 80CCD(1B) | NPS ( National Pension Scheme) CPS | 50,000 |
| 80DD | Handicapped dependant: -If any expenditure is incurred towards Treatment/ maintenance/rehabilitation of a physically handicapped/ Blind/ mentally retarded dependent relative | 75,000 / 1,25,000 |
| 80E | Education Loan:- Interest paid by an individual on loan taken for purpose of Higher Education, for self/Spouse/ChiIdren can be deducted till the loan is cleared or for 7 years whichever is earlier. There is no restriction on the amount that can be claimed. | |
| 80U | Employees Physical Disability | 75,000,/1,25,000 |
| 80TTA | Interest on Savings Account. Only available to Persons other than Senior citizen / Very senior citizen | 10,000 |
| 80TTB | Interest on Savings Account. and Interest on deposits with Post Offices, Banks, Co-operative bank. Only available to senior citizen & Very senior Citizen available to Persons other than Senior citizen / Very senior citizen | 50,000 |
| 80G | Donation ( Only if paid by cheque/ Bank Mode ) available to any tax payer. | 100% or 50% of Donation or 10% adjusted Gross Total Income W.E.IS Lower |
| 80GG | Deduction for the House Rent Paid (Available to all Individuals except to those who gets HRA from Employment).
Eligibility will be least amount of the following :- 1) Rent paid minus 10 percent the adjusted total income. 2) Rs 5,000 per month 3) 25 percent of the adjusted total income |
|
| 80D | Mediclaim For self, spouse and dependent children ( Only if paid by cheque/ Bank Mode )
Up to Rs. 25,000 [ Rs. 50,000 if specified person is a senior citizen or very senior citizen |
25,000/50,000 |
| 80D | Mediclaim For Parents ( Only if paid by cheque/ Bank Mode ) Upto Rs. 25,000 shall be allowed [Rs. 50,000 if parent is a Senior citizen / Very Senior Citizen | 25,000/50,000 |
| 80E | Interest on loan taken for Higher Education | Entire Interest Paid. For Max 8 Years |
| 80GGB/
80GGC |
Contribution given to political parties (other than cash) | Indian Companies any person other than Local Authority & Artificial Judicial Firm |
| 80TTA | Interest on Deposite in Saving Account upto 10,000 | Individual/HUF (Other than Senior Citizen) |
Download Income tax Calculation Excel Software – IT Excel Software 2023-24 FY 2024-25 AY
AP EMPLOYEES / TEACHERS Latest Income Tax Excel Software 2023-24
Income Tax Excel Software 2022-23
AP Employees and Teachers
- KSS Prasad IT Software 2022-23 Updated (Jan 3rd)
- K Vijay Kumar IT Software 2022-23 (Updated 2nd Jan 2023)
- M. Jayaram Income Tax 2022-23 Software (2nd Jan 2023)
- Ch Nagendra Income Tax 2022-23 Software (15th Dec 2022)
- C Ramanjaneyulu IT Software 2022-23 (7th Dec 2022
Telangana/TS Employees and Teachers
These links are helpful. will these work for 2021-22 FY or do i need to make changes?
Great blog post! As an employee in TS/AP, I’ve been searching for an easy way to calculate my income tax for FY 2022-23 and this Excel software looks like a lifesaver. It’s always a hassle to calculate taxes manually, especially with the increasing complexity of tax laws. I’m definitely going to try out this software and see how it helps me with my tax planning. Thanks for sharing!
Accessible and easy to use! I’ve been searching for a reliable IT Excel software for my employee’s income tax calculations and this post provides exactly what I need. Thanks for sharing!