INCOME TAX DEDUCTIONS U/S 80DDB WITH AUTOMATED 100 EMPLOYES MASTER OF FORM 16 F.Y 2019-20 & AY 2020-21

Section 80DDB

An individual (less than 60 years of age) can claim up to Rs 40,000 for the treatment of specified critical ailments. This can also be claimed on behalf of the dependents. The tax deduction limit under this section for Senior Citizens and very Senior Citizens (above 80 years) has been revised to Rs 1,00,000 w.e.f FY 2018-19.

To claim Tax deductions under Section 80DDB, it is mandatory for an individual to obtain a ‘Doctor Certificate’ or ‘Prescription’ from a specialist working in a Govt or Private hospital.

For the purposes of section 80DDB, the following shall be the eligible diseases or ailments:

Neurological Diseases where the disability level has been certified to be of 40% and above;

(a) Dementia
(b) Dystonia Musculorum Deformans
(c) Motor Neuron Disease
(d) Ataxia
(e) Chorea
(f) Hemiballismus
(g) Aphasia
(h) Parkinson’s Disease

• Malignant Cancers
• Full Blown Acquired Immuno-Deficiency Syndrome (AIDS)
• Chronic Renal failure
• Hematological disorders
• Hemophilia
• Thalassemia

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part A&B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part B in New Format for A.Y. 2020-21 ] ( Who are not able to download the Form 16 Part A from the TRACES Portal, they can use this utility)

The main feature of this Excel Utility:-

1)   Prepare At time 100 Employees  Excel Based  Form 16 Part A&B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]

2)   All the Amended Income Tax Section have in this utility as per Budget 2019

3)   You can print individual Form 16 Part Part A&B

4)   Most easy to install just like an Excel File

5)   Easy to Fill all column

6)   Automatic Convert the Amount to the In-Words

Read More

Download Automated All in One TDS on Salary for Govt & Non Govt Employees for F.Y.2018-19 with Union Budget 2018: No bills required to claim Rs 40,000 standard deduction

       The new measure will benefit all salaried employees and pensioners without the hassle of filing supporting documents or bills.

      Till now, taxpayers had to furnish medical bills and an undertaking for conveyance expenses to get the benefit of Rs 19,200 under transport allowance and Rs 15,000 under the medical allowance.

Salaried taxpayers and pensioners need not have to furnish any bills or documents to claim the standard deduction of Rs 40,000 announced in the budget 2018-19 Financial Year.

“The budget, this time, has given a large benefit of flat Rs 40,000 as a standard deduction to the salaried class of taxpayers and pensioners.

Click to Download Automated All in One TDS on Salary for Government & Non- Government employees for the Financial Year 2018-19. [ This Excel Utility can prepare at a time Income Tax Computed Sheet + Salary Sheet + Salary Structure + Automated H.R.A. Exemption Calculation U/s 10(13A) + Automated Arrears Relief Calculation with Form 10 E From F.Y.2000-01 to F.Y.2018-19 + Automated Form 16 Part A&B and Form 16 Part B for F.Y.2018-19]

“Earlier, some people were getting conveyance allowance and some medical allowance on the basis of production of bills, but now we have removed all individual allowances on a production of certain bills among others. It is flat Rs 40,000 to every salary earner. You can straightaway claim it,” Chandra said.

The Central Board of Direct Taxes (CBDT) is the policy-making body of the Income Tax department.

Read More