Automated All in One TDS on Salary for Govt & Non-Govt Employees for F.Y.2017-18 With Section 80DD – Deduction on medical expenses of disabled

If you have a dependent person in your family who is suffering from a disability, then you can avail tax benefit under section 80DD. This deduction is offered to help you take care of your disabled family member who is dependent on you.

If the individual himself is suffering from a disability, then he can claim tax benefits under section 80U.

Eligibility for deduction under section 80DD

Any individual or HUF (Hindu Undivided Family) who is a Resident of India is eligible to claim this deduction.

This tax deduction is not available to NRIs (Non-Resident Individual).

Who is a disabled dependent under section 80DD?

• For individuals, a disabled dependent can be spouse, son / daughter (any child), parents, brother / sister (siblings).
• For HUFs, a disabled dependent can be any member of the HUF.

The disabled person should be dependent on the person claiming deduction. The disabled person should not have claimed deduction under section 80U.

What expenses are eligible for deduction under section 80DD?

• Any expenditure made towards medical treatment, nursing, training, rehabilitation of a dependent person with disability.
• Any amount paid as premium for a specific insurance policy designed for such cases. The policy must satisfy the conditions mentioned in the law.
• If the disabled dependent predeceases the person claiming deduction under this section, then an amount equal to the amount of premium paid shall be considered to be the income of the claimer for previous year (i.e., the year in which such amount is received by the claimer / assessee) and shall be chargeable to tax.

Deduction amount

Deduction allowed varies depending on whether the dependent person has disability or severe disability.

A) Dependent person with disability

If the dependent person has at least 40% of any of the specified disability, then he is considered a person with disability.

Hence, the individual taking care of the medical expenses of dependent person with disability can get tax deduction of Rs. 75,000.

Click here to Download Automated Income Tax All in One TDS on Salary for Govt & Non–Govt Employees for F.Y.2017-18 & Ass Year 2018-19 with New Tax Slab as per Finance Budget 2017-18

The Main Feature of this Excel Utility :-

1) Automatic Calculate your Income Tax as per new Tax Slab for F.Y.2017-18

2) All Amended Income Tax Section have in this Excel Utility as per Budget 2017-18

3) Automatic Calculate House Rent Exemption Calculation U/s 10(13A)

4) Individual Salary Structure for both of Govt & Non-Govt Concerned Salary Pattern

5) Automated Calculate the Arrears Relief with Form 10E up to F.Y.2017-18

6) Automated Income Tax Form 16 Part B for F.Y.2017-18

7) Automated Income Tax Form 16 Part A&B for F.Y.2017-18

8) Easy to install in any computer and easy to generate just like as an Excel File

9) Automatic Convert the Amount in to the In – Words without any Excel Formula.

B) Dependent person with severe disability

If the dependent person has at least 80% of any disability, then he is considered a person with severe disability.

Hence, the individual taking care of the medical expenses of dependent person with severe disability can get tax deduction of Rs. 1,25,000.

Table Showing Tax Deduction under section 80DD
Type	Amount (in Rupees)
Dependent person with disability	Rs. 75,000
Dependent person with severe disability	Rs. 1,25,000

Disabilities covered under section 80DD

The following disabilities are covered under section 80DD of the Income Tax Act, 1961:

• Blindness
• Low vision
• Leprosy-cured
• Loco motor disability
• Hearing impairment
• Mental retardation
• Mental illness
• Autism
• Cerebral palsy

Who can certify a person as a disabled person?

The following kinds of medical authorities can certify a person to be disabled:

• A Civil Surgeon or Chief Medical Officer (CMO) of a government hospital
• A Neurologist with an MD in Neurology
• In case of children, a Paediatric Neurologist having an equivalent degree

Documents Required to Claim Deduction under section 80DD?

The section 80DD deals with providing tax deductions to individuals and/or HUFs for caring for a disabled dependent. You will require the following documents to claim tax benefits of section 80DD.

Medical Certificate:

You will be required to produce / submit a medical certificate authenticating the disability of your dependent from a certified medical authority as defined by the law.

Form 10-IA:

In case your disabled dependant is suffering from Autism, Cerebral Palsy or multiple disabilities, you will need to produce form number 10-IA.

Click here to download Form 10-IA in word format

Click here to download Form 10-IA in pdf format

Self-declaration certificate:

You also need to furnish a self-declaration certificate stating the expenses incurred by you on your handicapped dependent for his medical treatment (including nursing), training and rehabilitation.

Receipts of Insurance Premium Paid:

Since self-declaration certificate is enough for claiming most expenses, you do not need to keep actual receipts of those expenses. However, if you want to claim any deduction payment towards any insurance policies taken for a disabled dependent, then you need actual receipts of expenses.

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Automated 100 employees Form 16 Part A and B for F.Y.2017-18 and A.Y. 2018-19 as per new Tax Slab for F.Y.2017-18,With Income Tax Rebate Under Section 87A for F.Y 2017-18

Check out the Section 87A rebate for FY 2017-18  in the following section. The Income Tax Rebate under Section 87A for AY 2018-19 is allowed as per the following schedule for different Financial Years. 

The Union Budget 2017-18 proposed to be reduced to this rebate under section 87A to Rs. 2,500, where the total taxable income does not exceed Rs. 3,50,000 from AY 2018-19.

Know all about Section 87A: Income Tax Rebate allowed to Individuals in the following section.

Financial Year	Rebate Amount	Applicable only if income less than
2017-18	Rs. 2500	Rs. 3.50 Lakhs

Section 87A of Income Tax Act, 1961 offers a Tax Rebate to Individuals earning Income below the specified limit. This 87A Rebate would be given from the Total Tax payable by an Individual. The Rebate under section 87A is relevant to note here that this rebate is to be subtracted from the Total Taxable income and not from the Total Income of an Individual. Learn the essentials of Income Tax Rebate. Know all about Section 87A. Check Tax Rebate for the Individuals for Assessment year 2017-18. For more details regarding Income Tax Rebate under Section 87A, read the full article. 

Download Automated 100 employees Master of Form 16 Part A&B for F.Y.2017-18 &A.Y. 2018-19 [This Excel Utility can prepare at a time 100 employees Form 16 Part A&B for F.Y.2017-18, With the all amended of Tax Slab and others Income Tax Section as per the New Finance Budget 2017-18]

What is Income Tax Rebate?

A Tax rebate is an amount paid by way of reduction, return, or refund on what has already been paid or contributed. The Income Tax Rebate in India is allowed for Individuals whose income falls under the tax slabs. Tax rebate rates are updated for every financial year as per the directions of the Indian government. The modifications made in the rebate structure are announced in Union Budget of the respective year.

Eligibility for Income Tax Rebate

With a view providing tax relief to the individual assesses who are in lower income bracket a refund is provided for under Section 87A.

The rebate will be available if the assessee satisfies the following eligibilities.

1.         The Taxpayer is a resident individual( may be an ordinary resident or not ordinary resident).

2.         The Total Income or taxable income (i.e. gross total income minus deductions under Section 80C to 80U) is Rs.3,50,000/- or less.

Income Tax Rebate Key Features

The following are the salient features of Income Tax Rebate u/s 87A AY 2017-18.

·             Under Section 87A Tax Rebate is only available to Individuals. All categories of Individuals whether female or male or Senior Citizens are eligible to claim Income Tax Rebate as per Section 87A. The taxpayer under the class like HUF, LLP, Partnership Firms, Companies, LLP, etc. is not eligible to claim Income Tax Rebate under this section.

·             Income Tax Rebate u/s 87A is only available to Resident Individuals and not to Non-Resident Individuals.

·             For Super Senior Citizen (Aged above 80 years) There is no benefit of this Rebate as their Income up to Rs. 3,50,000/- is already exempted from the levy of Income Tax.

Note: Rebate under Section 87A is not available for the case of a non-resident individual, resident or non-resident HUF/ AOP/ BOI or any taxpayer other than a resident individual.

Tax Rebate for Senior Citizens

The Income Tax Act, 1961 has made provisions for tax rebates for senior citizens(aged over 65 years). The Section 88B contains all details about such tax rebates. But, the most significant fact about such rebates is that the individual concerned is entitled to receive rebates till Rs. 20,000/- depending upon the amount of tax payable on him.

Note: Rebate benefits u/s 87Ais not available to super senior citizens.

Income Tax Rebate Calculation

As Section 87A provides for Income Tax Rebate, the assessee will first compute the Total Tax Payable and then reduce Rs. 2,500/- from this Tax payable provided his Total Income is less than Rs. 3,50,000/-. If taxpayer’s Total Income is more than Rs. 3,50,000/-, then he won’t be able to claim income tax rebate under Section 87A.

·             The Net Taxable Income of Rs. 3,50,000/- is the total of incomes under all heads i.e. House Property, Salary,  Capital Gains, Business or Profession,  and Other Sources.

·             In case, there is any loss under any head due to the payment of housing loan or for any other reason, such loss would also be deducted from the total income.

·             Tax Deductions from Section 80C to Section 80U under Chapter VI-A would also be allowed, and the resultant figure i.e. Total Income should be less than Rs. 3,50,000/- for an individual to claim income tax rebate of Rs. 2,500/- under Section 87A.

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Budget 2017: Income Tax cut by 5% for individuals in major relief to middle class + Advance Tax Calculator for F.Y.2017-18 and A.Y.2018-19

This means that everyone under the tax bracket of Rs 50 lakh stands to gain Rs 12,500 tax benefit in the coming year.

In a major step, Finance Minister Arun Jaitley announced the reduction of the existing rate of taxation for individuals with income ranging between Rs 2.5 lakh to Rs 5 lakh to 5% instead of 10%. There will be a surcharge of 10% for those whose annual income is Rs 50 lakh to Rs 1 crore. Additionally, the 15% surcharge on Rs 1 crore or more remains unchanged. This is to make up for Rs 15,000 crore loss due to the cut in the personal income tax rate.

Download Automated Excel Based Income Tax Calculator for the Financial Year 2017-18 and Assessment Year 2018-19 as per the Finance Budget 2017-18

“This would reduce the tax liability of all persons below Rs 5 lakh income either to zero (with rebate) or 50% of their existing liability. In order not to have duplication of benefit, the existing benefit of rebate available to the same group of beneficiaries is being reduced to Rs 2500 available only to assessees up to the income of Rs 3.5 lakhs. The combined effect of both these measures will mean that there would be zero tax liability for people getting income up to Rs 3 lakhs p.a. and the tax liability will only be Rs 2,500 for people with income between Rs 3 and Rs 3.5 lakhs,” the finance minister said in his budget.

“If the limit of Rs 1.5 lakh under Section 80C for investment is used fully, the tax would be zero for people with income of Rs 4.5 lakhs. While the taxation liability of people with income up to Rs 5 lakhs is being reduced to half, all the other categories of taxpayers in the subsequent slabs will also get a uniform benefit of Rs 12,500 per person. The total amount of tax foregone on account of this measure is Rs 15,500 crores,” he said.

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Income Tax Exemption to the salaried person as per the Finance Budget 2017-18 as given below along with the Automated All in One TDS on Salary for Non-Govt employees for the F.Y.2017-18 and A.Y.2018-19

Download Automated Income Tax Preparation Excel Based All in One TDS on Salary for Only Non-Govt Employees for the Financial Year 2017-18 and Assessment Year 2018-19. [ This Excel Based Utility can prepare at a time your Individual Tax computed Sheet + Individual Salary Structure as per the Non-Govt Employees Salary Pattern + Automated H.R.A. Calculation + Automated Form 12 BA + Automated Form 16 Part A&B and Form 16 Part B as per the latest Income Tax Slab.]

Main Data Input Sheet

Individual Salary Structure

Individual Tax Computed Sheet

Form 16 Part A&B

Form 16 Part B

As per the Budget, we can only say that the Deductions may be the following because it may get changed in final Budget.:

1. Deduction u/s 80C, 80CCC, 80CCD is Rs. 1,50,000. (80CCC - Deduction for Annuity Plan) 

    A) Additional Deduction can be entitled U/s 80CCD(2) Out of Max Limit Rs. 1.5 Lah U/s 80C     

    B) Additional Deduction can entitled U/s 80CCD(1B) Max Rs. 50,000/- out of Max Limit Rs.1.5 Lakh U/s 80C
2. Deduction u/s 80D is Rs. 25000 for general and Rs. 30000 for Senior citizens. (For Mediclaim paid)
3. Deduction u/s 80E here you can take education loan from the financial institution for higher studies and can avail tax deduction for the maximum of 7 years.
4. Deduction u/s 80G - Deduction for donations, here you can get 100% and 50% deduction of the amount paid as a deduction but percentage depends upon the receiver.
5. Deduction u/s 80GG Deduction for House rent paid....
Deduction is least of 
A) Rent paid less 10% of total income.
B) Rs. 5000 per month
C) 25% of Total Income.
6. Deduction u/s 80U. Deduction for the person suffering from physical Disability... normal disability deduction of Rs.75000, and severe disability deduction of Rs. 125000.
7. 100% TAX DEDUCTION on contributions made to SWACHH BHARAT & CLEAN GANGA initiatives.
8. Deduction u/s 80DD Expenditure on account of specified diseases Rs.80000.
9. Deduction u/s 80TTA Deduction of Income received from Saving Bank Interest Rs. 10000.Max.
10. Deduction u/s 87A: Tax rebate of Rs.2,500/- who’s taxable Income is less than Rs.3,50000/-

Other Related Deductions available u/s 10 of Income Tax: 
A. Exemption of transport allowance Rs 19,200 /-P.A & Phy.disable persons can get Rs.38500/- P.A.
B. Tax-free infra bonds proposed for funding irrigation, rail & road infrastructure projects.
C. Income tax exemption on Interest paid on Housing Loan u/s24B of Rs.200000. on a self-occupied property.
D. HRA (House Rent Allowance) Least of HRA paid or Rent paid less 10% of salary or 40% of salary (50% in case of Metro city)
E. Leave Travel Allowance
F. Children Education Allowance Rs.100 per month per child and max 2 children.
G. Hostel Allowance, Allowance Rs.300 per month per child and max 2 children.
H. Deduction u/s 80 EE. Additional House Building Loan Interest up to Rs. 1,00,000/- will be admissible who have paid the HBL Interest w.e.f. 1/4/2013 (Excluding the Section 24 B)

I. U/s 80TTA: - Interest of Savings Bank Max Rs. 10,000/-

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Download All in One TDS on Salary for Central and State Employees for Income tax calculator 2017-18 With Know your Income Tax Slabs, Rates and Rebates post-Union Budget 2017

In his Budget 2017 speech, Finance Minister Arun Jaitley proposed to reduce the existing rate of taxation of those with income between Rs 2.5 lakh to Rs 5 lakh from 10 per cent to 5 per cent.

Finance Minister Arun Jaitley on Wednesday tabled the Union Budget for the year 2017-18 where he announced in personal income tax limits. The move which is much appreciated is aimed at softening the impact on demonetisation. Here is you can use the financial calculator to know your Income Tax slabs, rates, and rebates post-Budget 2017.

Download All in One Income Tax preparation Excel Based Software for Central & State Employees for the Financial Year 2017-18 & Assessment Year 2018-19 as per the Finance Budget 2017 [ This Excel Utility have all the amended tax section and new tax slab]

1) This Excel Utility can prepare at a time Tax Compute Sheet + Individual Salary Structure as per Central & State Salary Pattern + Calculate Automatic House Rent Exemption Calculation U/s 10(13A) + Automatic Form 16 Part A&B and Form 16 Part B for F.Y.2017-18)

2) Automatic Convert the amount into the In-Words.

3) All Amended Income Tax Section have in this Utility.

4) Income Tax Slab Rate have in this Utility as per Finance Budget 2017-18,

In his Budget 2017 speech, Finance Minister Arun Jaitley proposed to reduce the existing rate of taxation of those with income between Rs 2.5 lakh to Rs 5 lakh from 10 per cent to 5 per cent.

According to the new figure, a person with a taxable income (after deductions such as Section 80C etc) of Rs 3.5 lakh will pay a tax of Rs 2575 as against Rs 5150, which was paid earlier. Also, persons with taxable income of over Rs 5 lakh to Rs 50 lakh will have to pay Rs 12875, which also included the cess saved.

However, those who are earning over Rs 50 lakh to Rs 1 crore will be paying a flat surcharge of 10 per cent on the total tax payable by them. For example, if a person is earning Rs 60 lakh annually he/she has to pay Rs 1,45,204 additional tax due to the surcharge.

Those who have an income of over Rs 1 crore would continue to pay the surcharge of 15 per cent but would get the meager benefit of saving Rs 12,875 (including saving of chess but excluding the saving on surcharge). For example, if a person has a gross income of Rs 1.2 crore will pay Rs 29,65,706 as taxes including surcharge and cess against Rs 39,80,512, which was payable earlier.

Income Tax Slab & Rate as per Union Budget 2017 for the Financial Year 2017-18 & Assessment Year 2018-19

Income Slab	Tax Rate
Income up to Rs 2,50,000	Nil
Income up to Rs 2,50,000/- to Rs 5 lakh	5 per cent
Income up to Rs 5 lakh to Rs 10 lakh	20 per cent
Income more than Rs 10 lakh	30 per cent
Income more than Rs 50 lakh	30 per cent + 10 per cent surcharge
Income more than Rs 1 crore	30 per cent + 15 per cent surcharge

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