The CBDT department has published the clarification for the old regime (without exemptions) and the new regime under section 115BAC(1A) via a press release. Read PR01st April 2024The income tax department has enabled the ITR forms 1, 2 and 4 via Online mode for AY 2024-25 for the ...
A detailed breakdown of the allowances and deduced amounts is absent because they vary from country to country. Step 1 – the Calculate Yearly Salary Let’s assume that a person’s monthly salary isRs 70,000and the value is stored in C7. We willcalculate the annual salary. Go toC8and i...