Teacher income tax software 2020-21 - (KSS Prasad, Putta Srinivas & Gunturbadi)


Teacher income tax software 2020-21 - (KSS Prasad, Putta Srinivas & Gunturbadi)

The Teacher Income Tax Software 2020-21 such as Edusys, Putta Srinivas, Gunturbadi and KSS Prasad IT Software, guide TS and AP teachers/ employees to organise taxes properly in Excel sheet program, pay and file taxes online in advance via e-filing according to the slab rates for the Financial Year 2019-20 and for the Assessment Year 2020-21.

The online IT Software 2020-21 calculators prepared by EduSys, KSS Prasad, Putta Srinivas and Gunturbadi make it easy for teachers and employees of the Telangana State (TS) and the Andhra Pradesh (AP) state to register, submit and file tax returns.

Financial year generally begin from 1st April and end on 31st March. For instance, the IT filings for the financial year 2020 - 21 begins from 1st April 2020 and last till 31st March 2020. Assessment year is the year that comes immediately following the financial year wherein the Taxes are evaluated and assessed. Teachers and employees in TS and AP can utilise the IT Software to calculate monthly salary particulars automatically and automate the e-filings based on the Tax Slab rates.

As of the FY 2019-20 and AY 2020-21, the Tax Slab rate and exemption limit remain unchanged for individuals from the Financial year 2018-19 and Assessment Year 2019-20.

* Try Online Income Tax Software *

Income Tax Slabs for Individuals below 60 years of age for the AY 2019-20

Income Tax Slab

Income Tax Rate Payable

Rs. 0 - Rs. 250,000

Nil

Rs. 250,001 - Rs. 500,000

5%

Rs. 500,001 - Rs. 1,000,000

20%

> Rs. 1,000,000

30%

Income Tax Slabs for Sr. Citizens between 60-80 years of age for the AY 2019-20

Income Tax Slab

Income Tax Rate Payable

Rs. 0 - Rs. 300,000

Nil

Rs. 300,001 - Rs. 500,000

Nil

Rs. 500,001 - Rs. 1,000,000

20%

> Rs. 1,000,000

30%


* Try Online Income Tax Software *
  07 Jul 2020
Recent Posts