AP Model School Employees IT Calculator working in Mobile developed by C Ramanjaneyulu. AP Model School Teachers Income Tax Software 2023 -2024 | APMS IT Software: APMS-IT-Software for FY 2023 Developed By V.Ramana Murty, PGT, VZM. AP TS Income Tax Software FY 2023-2024. AY 2024-2025 AP and TS Model School Employees and Teachers Income Tax Assessment Software 2024 prepared by CHV Ramana Murthi Income Tax Software FY 2023-2024 for AP/TS Model School Employees Teachers Income Tax Software for Telangana Govt. Employees.
Income Tax is a direct tax paid to the Government of India (GOI) based on an individual’s income or profit, residential status, and gender. The levy of Income Tax is governed by the Income Tax Act 1961 and its amendments, which are administered by the Central Board of Direct Taxes (CBDT). Amendments to the Income Tax Acts are made during the Union Budget Sessions to incorporate necessary changes.
For Salaried Employees, the responsibility of determining the taxable income lies with the Drawing and Disbursing Officer (DDO). If tax is applicable, it is deducted as Tax Deducted at Source (TDS) from the monthly salaries and credited to the GOI. The total tax deduction from an employee’s salary is determined based on the Estimated Gross Income, applicable exemptions, and deductions declared in the Form-12BB submitted by the employee at the beginning of the financial year. As regular employees of APMS under the State Government, we are liable to pay income tax.
Both the DDOs and employees are required to file returns. The DDOs file TDS returns, while the employees file income tax returns as per the notified schedule.
To calculate the tax liability of an employee, the DDO (or Head of the Institution) considers the income from all five heads of income, which include:
Salary Income: This includes salary, standard deduction, professional tax deduction, and HRA exemption.
House Property Income: This comprises of rents, municipal tax deductions, standard deductions, and interest deductions (negative value allowed).
Business Income / Capital Gains Income: These incomes are generally not considered by our DDOs, and employees are advised to show them in their income tax returns. Therefore, they are treated as zero incomes.
Other Income: This includes interests from FDs, RDs, and savings accounts, dividends from mutual funds, debentures, gifts, lotteries, etc. It is optional to declare this income.
AP Model Schools IT 2023 – 2024 Income Tax Software by CH V Ramana Murty APMS IT Software Updated latest caliculaton Program
CH V Ramana Murty’s Income Tax Software for AP Model School Staff, Income Tax Software for AP Model School Staff. Model School Teachers Income Tax Software 2023-24 – APMS IT Software: APMS-IT-Software For FY 2023-24 and AY 2024-25 Model School Teachers Income Tax Software 2023-24 – APMS IT Software:
APMS-IT-Software For FY 2023-24 CH. V.Ramana Murty, PGT, L. Kota, Vizianagaram VZM created this. CHV Ramana Murthi Income Tax Software FY 2023-24 for AP/TS Model School Employees and Teachers Income Tax Assessment Software 2024-25 for Telangana Govt. Employees. This software also includes APMS Salary Master Software, DA ARREAR BILL Software, DA ARREARS installment Software, and Model School Teachers Salary Bills Preparation Software 2024.
AP Model School Teachers Income Tax Software
AP Model School teachers. However, you can use general income tax software or online platforms that cater to income Tax Calculations and Filing.
Here are Some popular income tax software options that you can Consider Using:
ClearTax: ClearTax is a widely used online platform in India for income tax filing. It provides user-friendly software to calculate income tax, generate Form 16, and file income tax returns.
TurboTax: TurboTax is a popular income tax software used in many countries, including the United States. It offers various versions for different tax situations and provides step-by-step guidance for accurate tax calculations.
H&R Block: H&R Block is another well-known income tax software that offers both online and offline tax filing solutions. It provides tax calculators, deduction maximizers, and support from tax professionals.
TaxAct: TaxAct is a comprehensive income tax software that offers various packages for individuals, businesses, and professionals. It includes tax planning tools, deduction finders, and e-filing options.
Income Tax Software for AP Model School Staff by CH V Ramana Murty
Income Tax software for AP Model School Staff by CH V Ramana Murty, Income Tax software for AP Model School Staff. AP Model School Teachers Income Tax Software 2024 | APMS IT Software.
RELEASE NOTES
This program is generated to assist the APMS employees in preparing the Income Tax Calculations for the Financial Year 2023-2024 without delay. This program is prepared based on the Tax Slabs & Tax Rebate as declared in Finance Acts 2023 for the financial year 2023-2024.
Download Model School Teachers Income Tax Software (2023)
