What is Section 80TTA? With Automated Income Tax Preparation Software in Excel for the Non-Govt Employees for the F.Y.2022-23

 

What is Section 80TTA? Under the Income Tax Act of India, the Indian taxpayer is granted several deductions to reduce his tax liability and thus reduce his tax expense. These deductions may be based on wages, investments or payments.

 

Under section 80TTA of the Income Tax Act, tax credits are available to eligible taxpayers on interest earned in a savings account. The savings account in question may exist at a bank, cooperative, or post office.

 

Section 80TTA became part of the Treasury Act in 2013 and has provided benefits to many taxpayers ever since.

 

Let's take a look at the conditions that apply to using the benefits of Section 80TTA.

Deduction applicable under Section 80TTA - Terms and Conditions

 

The terms and conditions applicable to tax credits under section 80TTA are listed below:

 

Up to INR 10,000 deducted annually on interest earned on savings accounts.

 

Deductions may be claimed by Hindu Indivisible Persons and Families (HUF).

 

If an entity has more than one savings account with multiple banks, the combined interest income of all accounts must be less than INR 10,000 in order to benefit from the deductions.

 

If the accrued interest income in the above case exceeds the limit of INR 10,000, INR 10,000 tax exemption can be requested and the remaining amount will be subject to tax.

 

Eligibility for 80TTA deductions

 

Under the Income Tax Act, deductions under section 80TTA may be claimed for:

Taxpayers categorized as individuals or undivided Hindu families (HUF)

Indians

 

Non Resident Indians (NRIs) with NRO Savings Accounts

An organization with savings accounts at institutions such as banks, post offices, or cooperatives.

 

80TTA Tax Credit Claim

 

Under section 80TTA, a tax deduction of up to INR 10,000 over the Lac limit of INR 1.5 under section 80C may be claimed for an eligible beneficiary. Be sure to report interest on bank savings accounts in the "Income from Other Sources" section when filing your tax return.

 

Exceptions under Section 80TTA

If the entity's total gross income is less than the minimum taxable income, a tax deduction cannot be claimed under section 80TTA.

 

Senior citizens cannot take advantage of the tax exemption under section 80TTA.

 

The 80TTA tax deduction does not apply to the following:

Term deposits

Term deposits

Regular deposits

NBFC deposits (non-banking financial corporations)

NRIs with an NRE account cannot claim tax credits under section 80TTA because NRE accounts are tax deductible.

Download Automated Income Tax Preparation Excel Based Software All in One for the Non-Government(Private) Employees for the Financial Year 2022-23 and Assessment Year 2023-24U/s 115BAC

 

Feature of this Excel Utility:-

 

1) This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly.

 

2) This Excel Utility has the all amended Income Tax Section as per Budget 2022

 

3) Automated Income Tax Form 12 BA

 

4) Automated Calculation Income Tax House Rent Exemption U/s 10(13A)

 

5) Individual Salary Structure as per the Non-Govt(Private) Concern’s Salary Pattern

 

6) Individual Salary Sheet

 

7) Individual Tax Computed Sheet

 

8) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2022-23

 

9) Automated Income Tax Revised Form 16 Part B for the F.Y.2022-23

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Check the calculation of income tax for employees | With Excel-based automatic income tax preparation software for non-government employees for fiscal years 2022-23

 Find out about the calculation of income tax 2022-23 for employees. Know the income tax rules for

 taxing all components of a CTC or gross salary. The remuneration components mainly consist of:

 

1) Basic salary

The base salary is always fully taxed.

 

2) Calculation of income tax - HRA

If a taxpayer receives the Rental Allowance (HRA) and pays the rent for a dwelling, then he can apply for an exemption under section 10 [13A] subject to the lesser of the following limitations mentioned, or he can be claimed a minimum of the following amounts as exempt from tax:

 

(i) Actual amount received

 

(ii) 50% of the salary if you live in big cities (eg Mumbai, Delhi, Chennai and Calcutta) and 40% of the salary otherwise.

 

(iii) Rent exceeding 10% of salary

For the purposes of calculating the exempt HRA amount, Salary will mean the base salary plus the depreciation allowance [if part of the retirement benefits] and the commission earned on the basis of turnover.

 

NOTE. If a taxpayer who receives the HRA fails to pay the rent, the full amount of the HRA will be taxed.

 

3) Variable payment

Variable remuneration is part of the remuneration, usually determined by the worker's performance and entirely taxable. Reimbursement (travel expenses, books and newspapers/periodicals, mobile communications, entertainment, etc.)

 

Pursuant to section 10 (14) of the Information Technology Act, benefits awarded to employees for employment purposes are exempt from tax provided that such expenses are actually incurred by the employees. The employee must have the required invoices and supporting documents as proof to apply for the exemption.

Therefore, the transport allowance is released for the amount of the costs incurred.

 

Similarly, the refund of books/newspapers and periodicals may be claimed as an exemption under paragraph 10 (14), while the refund of a mobile phone is exempt under rule 3 (7) (ix) of the Computing Rules.

 

The entertainment allowance, on the other hand, is entirely taxable in the case of private employees. If this representation allowance is granted to employees for the reimbursement of the reception costs of corporate customers, or for commercial purposes, it can be requested as an exception pursuant to paragraph 10, paragraph 14, of the IT law.

4) Leave travel allowance (LTA)

To be eligible for holiday allowance/holiday exemption under Article 10 (5), the taxpayer must meet the following specific conditions:

I. The actual trip is made by the taxpayer

 

II. Only domestic trips are considered for this exemption.

 

III. The exemption is granted to the employee alone or together with the family member, the family unit includes the employee's spouse, children, dependent parents, brothers and sisters. However, the exemption does not apply to more than 2 children born after 1 October 1998. This restriction does not apply to subsequent cases of multiple births for the second time after the birth of a child.

 

IV. The LTA exemption is allowed no more than 2 times, i.e. for 2 trips within 4 calendar years (2022-2025). The amount of the exemption varies depending on the mode of travel. For example, in the case of air travel, lower actual costs or economy class fares will be allowed.

 

Download Auto-Fill Income Tax Revised Form 16 Part B for the F.Y.2021-22[This Excel Utility can prepare at a time 50 employees Form 16 Part B]

 

5) Bonus

The bonus is fully taxable

 

6) Calculation of income tax - Tips

Any tips received while on the job are fully tax deductible. However, retirement benefits will be subject to taxation depending on whether the employer is subject to the Remuneration Act or not.

If the employer is subject to the pay law, the lesser of the following are exempt from the rules u / s 10 (10) of the IT law:

I. Actual amount received

II. Rupees 20 00 000

III. 15-day salary based on the last salary received for each year of service completed, or part thereof, exceeding 6 months (i.e. 15/26 * pm salary * number of years of service completed)

For the purposes of the above calculations, salary means the basic salary in the afternoon. plus off-road allowance.

If the employer is not subject to the Remuneration Act, the minor of the following is exempted

I. Actual amount received

II. Rupees 20 00 000

III. Half monthly salary for each year of work. (ie ½ * Average salary per day * Number of years after the end of service) Any part of a year is not taken into account in the calculation of full years.

NOTE. For the purposes of the above calculation, the average wage in the afternoon. it will mean the average base salary for the last 10 months plus the off-road allowance [if it is part of retirement benefits] for the last 10 months and the average commission earned based on the turnover of the last 10 months.

Download Automated IncomeTax Preparation Excel-Based Software All in One for the Non-Government(Private) Employees for the Financial Year 2021-22 and Assessment Year 2022-23U/s 115BAC

 

Feature of this Excel Utility:-

1) This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly.

 

2) This Excel Utility has the all amended Income Tax Section as per Budget 2021

 

3) Automated Income Tax Form 12 BA

 

4) Automated Calculation Income Tax House Rent Exemption U/s 10(13A)

 

5) Individual Salary Structure as per the Non-Govt(Private) Concern’s Salary Pattern

 

6) Individual Salary Sheet

 

7) Individual Tax Computed Sheet

 

8) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2021-22

 

9) Automated Income Tax Revised Form 16 Part B for the F.Y.2021-22

 

10) Automatic Convert the amount into the in-words without any Excel Formula

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Tax benefits on home loans for Co-owners with Auto-Fill Income Tax Software in Excel for the F.Y.2021-22

  

 Tax benefits on home loans for Co-owners. All joint owners can get tax benefits on a joint home loan if certain conditions are met. Let's take a look.

 

It is pertinent to note that ‘ownership of property is a prerequisite for receiving any tax benefit as opposed to property. You may have taken it jointly, but if you do not own the property - you cannot get tax benefits.

 

There are situations where the property is owned by one parent, and the parent and child together take out a loan that is only repaid by the child. In such cases, the child who is not a co-owner is deprived of the tax benefit on the home loan.

Terms of claiming property tax benefits

You may also, Like- Automated Income Tax Preparation Excel Based Software All in One for the Bihar State Govt Employees for the F.Y.2021-22[This Excel Utility can prepare at a time your Tax Computed Sheet with New and Old Tax Regime U/s 115 BAC + Individual Salary Statures as per the Bihar State Employees Salary Pattern + Automated H.R.A. Exemption Calculator U/s 10)13A) + Automated Income Tax Revised Form 16 Part A&B and Form 16 Part B]

You must be a co-owner of the property to be able to claim tax benefits for a home loan, you must be a property owner. In many cases, the loan is taken jointly, but the borrower does not own the property according to the documents. In such cases, you cannot claim tax benefits.

 

You must be a co-recipient for the loan. In addition to being an owner, you must be an applicant according to the loan documents. Owners who are not borrowers and do not contribute to EMI will be deprived of tax benefits.

 

The construction of the property must be completed - tax benefits on the property of a home can only be claimed, from the financial year that the construction of the property is completed. Tax benefits are not available for a property under construction. However, any costs prior to completion are claimed in five equal instalments from the year the construction is completed.

You may also, Like- Automated Income Tax Preparation Excel Based Software All in One for the Assam State Govt Employees for the F.Y.2021-22[This Excel Utility can prepare at a time your Tax Computed Sheet with New and Old Tax Regime U/s 115 BAC + Individual Salary Statures as per the Assam State Employees Salary Pattern + Automated H.R.A. Exemption Calculator U/s 10)13A) + Automated Income Tax Revised Form 16 Part A&B and Form 16 Part B]

 

What are the tax benefits?

 

Each co-owner, who is a co-applicant for the loan, may claim a tax benefit of Rs 2,00,000 U/s 24 B for home loan interest on their income tax return. The total interest paid on the loan is allocated to the owners in proportion to their ownership. Needless to say, the total interest claimed by the owner / or recipient cannot exceed the total interest paid for the loan.

 

For example, let's say Tatul and his wife bought a home on loan and paid Rs 4,50,000 in interest. They have a 50:50 equal share of the property. Ratul can claim Rs 2,00,000 in his tax return, his wife can also claim Rs 2,00,000.

 

For a rented property - In the budget of the year 201, the interest that can be claimed in the case of rented property is limited to the amount that the loss of property of such house is not more than Rs. 2 lakhs.

You may also, Like- Automated Income Tax Preparation Excel Based Software All in One for the Jharkhand StateGovt Employees for the F.Y.2021-22[This Excel Utility can prepare at a time your Tax Computed Sheet with New and Old Tax Regime U/s 115 BAC + Individual Salary Statures as per the Jharkhand State Employees Salary Pattern + Automated H.R.A. Exemption Calculator U/s 10)13A) + Automated Income Tax Revised Form 16 Part A&B and Form 16 Part B]

 

Each co-owner can claim a maximum rebate of Rs 1,50,000 for capital payment under section 80C. This is within the overall limit of Rs 1,50,000 under Section 80C.

 

Therefore, as a family, you will be able to take a larger tax benefit as opposed to the interest paid on a home loan when the property is jointly owned and your interest is more than Rs 2,00,000 per annum.

 

There may be a situation where you are paying the entire loan instalment and the co-borrower is not paying any money. In this case, you can claim full interest as a deduction on your income tax return.

 

Joint owners can also claim stamp duty and registration charges for a property. We have a detailed guide to help you maximize your tax benefits when you own a home.

You may also, Like- Automated Income Tax Preparation Excel Based Software All in One for the Non-Govt (Private) Employees for the F.Y.2021-22

Main Feature of this Excel Utility-

@ This Excel Utility can prepare at a time your Tax Computed Sheet with New and Old Tax Regime U/s 115 BAC

 

@ Individual Salary Statures as per the Non-Govt (Private) Employees Salary Pattern

 

@ Automated H.R.A. Exemption Calculator U/s 10)13A)

 

@ Automated Income Tax 12 BA

 

@ Automated Income Tax Revised Form 16 Part A&B and Form 16 Part B]

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Common Tax Benefits under Section 80C of Income Tax Act 1961 With Automated Income Tax Software All in One for the Non-Govt Employees for the F.Y.2020-21 as per New Section 115 BAC

Section 80C of Income Tax Act, 1961 discussions about findings of tax. The Section 80C straightforwardly lessens the taxable income due to the section 80C the tax obligation descends definitely. A large portion of the individual appreciates the products of section 80 C straightforwardly or by implication.

The greatest refund of Tax is up to Rupees 1.5 Lakh. Directly a person who is under 60 years and his income is Rupees 2.5 lakh or less is excluded from paying tax however through section 80C exceptions can be expanded up to 4 lakhs. Nonetheless, there are a few conditions additionally on section 80C. Exclusions of tax encourage a person to improve his/her monetary status, give motivator to instruction, on putting away cash of various Administrative schemes and so on.

Download  Automated  Revised Income Tax Form16 Part A&B for the F.Y.2019-20 which can prepare at a time 50 employees Form 16 Part A & B in Revised Format for the F.Y.2019-20

WHAT IS TAX Reasoning?

Tax finding helps in lessening the taxable income; it diminishes your general tax liabilities and encourages you spare tax, in any case, contingent upon the sort of tax derivation your guarantee, the measure of reasoning fluctuates. As it were, one might say that it is subtracting the tax obligation or expanding the exceptions. In any case, these might be dependent upon the limitations of the arrangements of law.

Download Automated Revised Income Tax Form16 Part B for the F.Y.2019-20 which can prepare at a time 50 employees Form 16Part B in Revised Format for the F.Y.2019-20

MOST BENEFICIAL Exclusions U/S 80C OF THE INCOME TAX ACT 

•           All kinds of Fortunate Reserve (PF): It incorporates Open Opportune Store (PPF), Deliberate Opportune Store (VPF) and Worker Opportune Reserve (EPF). On fortunate assets there is the exclusion of tax up to Rupees 1.5 lakh on single monetary year.

•           Tax sparing Fix stores: Ventures made under tax sparing fixed stores like 5 years post office time stores, 5 years tax sparing bank stores and so forth are qualified for exploit discount up to Rupees 1.5 lakh under sec 80C of Income Tax Act, 1961.

•           National Annuity Framework: It is a postal sparing scheme. It is of fixed length (5 or 10 years). The speculations done in NPS are qualified for tax exclusions of Rupees 1.5 Lakh under Section 80C, aside from this, one can contribute Rupees 50,000 also under the subsection 80CCD (1B).

•           Sukanya Samridhhi Scheme: It is a significant activity by the legislature under "Beti Bachao Beti Padhao Abhiyan" so the records opened under Sukanya Samridhhi Scheme are absolved from tax under section 80C of Income Tax Act, 1961.

•           Senior Citizenship Sparing Scheme (SCSS): A person over 60 years old can benefit this scheme. Under this scheme, senior residents are absolved from tax up to Rupees 1.5 lakh under Section 80C of the Indian Tax Act,1961.

•           Life Protection Arrangements: Ventures made on disaster protection approaches for you, for your Mate, for your youngsters and so forth are absolved from tax under section 80C of the income tax act, 1961. The most extreme exception is Rupees 1.5 lakh.

•           Education: It is likewise remembered for the section 80C of Income Tax Act, 1961. Higher education costs are excluded from tax. Education costs can be of an individual or his/her kids. As indicated by the income tax act 1961, any sort of educational cost paid for youngsters whether before confirmation or at the hour of affirmation or after confirmation is absolved from tax. The most extreme exception is Rupees 1.5 Lakh. It is considered as one of the most advantageous exclusion as it helps the guardians in setting aside cash and it additionally advances instruction. In any case, gifts are not a ground to profit derivations.

•           Investment for riches Building and Objective: All Value Connected Sparing Scheme (ELSS), Unit Connected Sparing Scheme (ULSS), and so forth can be utilized to benefit section 80C of income tax act 1961. For refunding tax up to Rupees 1.5 Lakh.

•           National Sparing Testament: Ventures made under this remembered for Section 80C of Income Tax Act, 1861.

•           Home advance: Through section 80C of Income Tax Act, 1961 an individual can profit the exception from tax on Home advances. This can give alleviation on paying EMI and so on.

Download Automated Income Tax Preparation Excel Based Software All in One for the Non-Government (Private) Employees for the Financial Year 2020-21 and Assessment Year 2021-22U/s 115BAC

Feature of this Excel Utility:-

1) This Excel Utility Prepare Your Income Tax as per your option U/s 115BAC perfectly.

2) This Excel Utility has the all amended Income Tax Section as per Budget 2020

3) Automated Income Tax Form 12 BA

4) Automated Calculation Income Tax House Rent Exemption U/s 10(13A)

5) Individual Salary Structure as per the Private Concern’s Salary Pattern

6) Individual Salary Sheet

7) Individual Tax Computed Sheet

8) Automated Income Tax Revised Form 16 Part A&B for the F.Y.2020-21

9) Automated Income Tax Revised Form 16 Part B for the F.Y.2020-21

10) Automatic Convert the amount into the in-words without any Excel Formula

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Download and Prepare at a time 50 Employees Automated Income Tax Form 16 Part B with Form 12 BA For Financial Year 2019-20 ( Modified Format of Form 16 Part B )

Form 12ba is an explanation that insights about the perquisites and other incidental advantages alongside benefits in lieu of a worker's compensation. Perquisites, or advantages as they are called, are allowed to representatives for their administration.

I don't get Perquisites' meaning?

 

Form 12BA is about Perquisites. Consequently, it is imperative to comprehend what is first before thinking about the structure. Perquisites are really the extraordinary benefits that you get from a business as advantages and advantages. This incorporates occasion costs, travel costs, club costs, settlement, coordination, vehicle, gas power, water, free dinners, blessing vouchers, advance limits, move of advantages for workers, investment opportunities, free training, sweeper, plant specialist, gatekeeper, an individual chaperon or secretary. There are different perquisites that meet all requirements to be expressed in the perquisites yet as a worker this structure must be submitted alongside the Form 16 accommodation.

Download Automated Income Tax Revised Form 16 Part A&B and Part B for the Financial Year 2019-20 [ This Excel Utility prepare at a time One by One Form 16 Part A&B and Part B]

 What is Form 12BA?

 

An Employee or staff gets 'perquisites' from his work, Form 12BA is given by the utilizing gathering to the representative. Perquisites are essentially the advantages, that are gotten from an assignment or a position and are notwithstanding the normal pay that is as of now being paid to the worker. The absolute most straightforward perquisites model incorporate intrigue free advance, vehicle, medicinal office, additional Mastercard, outfitted or empty house without lease for outstation representatives.

This structure is a point by point explanation with data relating to perquisites, other incidental advantages or even comforts just as benefits that are in lieu of pay. as indicated by the, The Income Tax Act there are a few guidelines for figuring the last money related estimation of these perquisites. The estimation of these installments is spoken to in the structure and furthermore the sum that is assessable for the individual utilized for profiting these perquisites. This is an extra structure that workers get from their manager notwithstanding Form 16. "Estimation of Perquisites u/s17(2) of the Income Tax Act" is as of now remembered for the Part B of the Form 16.

 

Form 12BA Applicability:

 

Individuals who are procuring pay from Salary , the records Form 16, and Form 12BA are given by their manager which incorporates the insights concerning their pay, charge deducted at source (TDS) just as perquisites by their boss.

 

These are intended to be utilized while registering Tax obligation just as recording Income Tax return relating to the Income Taxation law in India . Tax collection on salary has the subtleties of Form 16. In any case, Form 12BA adds to the subtleties of Perquisites gave by the business to representative. Be that as it may, comprehend that Form 12BA is pertinent for any worker notwithstanding they get any perquisites or not. The ones who don't have any perquisites from the organization, they also ought to get the equivalent, expressed by their manager that they have not gotten any perquisites from the business in the structure.

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part B with Form 12 BA (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B with Form 12 BA in New Format for A.Y. 2020-21]

 The main feature of this Excel Utility:-

1)   Prepare At time 50 Employees  Excel Based  Form 16 Part B with Form 12 BA ( 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  B with Form 12 BA.

4)   Most easy to install just like an Excel File

5)   Easy to Fill the all column

6)   Automatic Convert the Amount to the In-Words

Form 12BA Format and How to fill the Form?

The main area of Form 12BA:

 

The initial segment of the structure gives insights regarding the business just as the representative as appeared in the picture beneath. The Employer Details expect you to fill in the Name and Address of the Employer, just as their TAN Number. Note that even a person's PAN number has an Assessing Officer Code in Form 16. Be that as it may, on account of Form 12BA the Assessing Officer Code of the business that is related with the TAN number is indicated, explicitly enumerating the territory or purview to which the Employer has a place. The Employee Details incorporates Name and Designation of the Employee, PAN Number of worker lastly the money related year. which in Form 16 is referenced as Assessment Year, despite the fact that their worth is the equivalent.

 

Estimation of Perquisites Section:

 

As should be obvious the picture underneath, every one of the subtleties of the perquisites and their sum can be determined here. There are in any case, three sections for every that incorporate according to rules, sum recouped from the worker and measure of perquisites that are assessable.

 

Subtleties of Tax Section:

 

This section depends on Form 16, and every one of the subtleties ought to be now accessible in the Form 16 for the worker. The image given underneath adds greater lucidity to this segment.

 

Statement from the Employer Section: This must be topped off by the business and every one of the subtleties here are essentially for the revelation for the individual considered liable for the data gave in the structure, as appeared underneath in the accompanying picture of the structure.

 

Form 12BA and Form 12B:

 

Individuals frequently mistake Form 12BA for Form 12B, as the thing that matters is something other than the additional letter . Structure 12B is required when individuals change their activity in a Financial year. The subtleties of past business is given to the new boss of the representative is given in Form 12B. Changing occupations regularly causes a circumstance where a representative's gets charge exceptions twice than what he is favored to from his prior boss and from his new manager. The pay earned from the previous activity must be clubbed alongside the salary from the more up to date employment to figure the all out expense that is payable for the year.

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part B  (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part B  in New Format for A.Y. 2020-21]

  The main feature of this Excel Utility:-

1)   Prepare At time 50 Employees  Excel Based  Form 16 Part 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  B

4)   Most easy to install just like an Excel File

5)   Easy to Fill the all column

6)   Automatic Convert the Amount to the In-Words

Where would i be able to discover Form 12BA?

 

This Form 12 BA  is accessible online as a pdf downlaod which must be printed and filled. Anyway a few sites give the overabundance alternative of downloading an exceed expectations sheet which can be filled on the framework itself through MS Excel and afterward at long last printed out. This is a quicker choices for organizations with higher number of representatives to cover.

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Download Automated All in One TDS on Salary Non-Govt Employees for the Financial Year 2019-2020 and Assessment Year 20120-2021

As per the Finance Budget 2019, some Important Income Tax Section and Income Tax Rebate has changed. The Major modification including the Income Tax Slab Rate for the F.Y. 2019-20 is given below.

1) Income Tax Slab for the Financial Year 2019-20 is Same as Previous F.Y.2018-19

2) Raised the Income Tax Rebate U/s 87A up to Rs. 5000/- who's Taxable Income less than 5 Lakh.

3) Raised the Income Tax Standard Deduction U/s16(ia) from Rs. 40,000/- to  50,000/-

4) Raised the Tax Exemption from the Bank/Post Office Savings Interest from 10,000/- to 50,000/-

Download Automated All in One TDS on Salary for The Non-Govt Employees for the Financial Year 2019-2020 and Assessment Year 20120-2021 With New Format of Form 16 Part B.

The feature of this Excel Utility is the following:-

1) This Excel Utility can prepare automatic Tax Calculation as per new Finance Budget 2019

2) The Salary Structure as per the  All Govt & Non-Govt employees Salary Pattern

3) Automated Individually Salary Sheet for each Employee

4) Automated Income Tax Salary Sheet for each Employee 

5) This Excel Utility calculate your House Rent Exemption Calculation U/s 10(13A)

6) Automated form 12 BA

7) Automated Income Tax Form 16 Part A&B for F.Y. 2019-20

8) Automated Income Tax Form 16 Part B for the F.Y. 2019-20 

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