Free download Automated 100 Employees Master of Form 16 Part B and 100 Employees Form 16 Part A&B with Maximum Income Tax You can Save F.Y 2019-20

Tax Saving Sections for the Financial Year.2019-20 (as per Finance Budget 2019)

Section 80C/80CCC/80CCD: Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal repayment, Tuition Fees, Stamp Duty (Best Tax Saving Investments u/s 80C)

Section 80CCD(1B): Investment in NPS (Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)

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 100 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 all column

6)   Automatic Convert the Amount to the In-Words

Section 24B: Interest paid on Home Loan for Self occupied homes. Budget 2017 has capped the restrict to Rs 2 Lakhs for both rented and self-occupied house. You can get the Tax Benefit on both HRA & Home Loan also.

Section 80EE: Additional exemption on Home Loan Interest for First time home buyers.

Section 80E: Interest paid on Education Loan. No upper/lower Limit! (Tax Benefit on Education Loan (Sec 80E)
Section 80D: Premium payment for medical insurance for self and parents. Also consists of Rs 5,000 restriction for  preventive fitness checkup

Section 80DDB: Treatment of Serious contamination for self and dependents (Limit of Rs 80,000 for man or woman above 80 years, Rs 60,000 for individual above 60 years and Rs 40,000 for rest)

Section 80U: Physically Disabled Tax payer (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than eighty%)

Section 80DD: Physically Disabled Dependent (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for extra than eighty%)

Section 80G: Donation to approved charitable price range like Prime Minister Relief fund, etc

Section 80TTA: Interest received in Savings Account Max Rs. 10,000/-

Section 87A: Tax Rebate Max Rs. 12,500/- who’s taxable Income less than 5 laks ( Amended in the Budget 2019)

Section 80GG: In case you do no longer receive HRA from the business enterprise or are self-employed but NO residence in your name (Claim Tax Benefit for Rent Paid u/s 80GG)

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 A&B in New Format for A.Y. 2020-21]

 

 

 The main feature of this Excel Utility:-

7)   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 ]

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

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

10)                     Most easy to install just like an Excel File

11)                     Easy to Fill the all column

12)                     Automatic Convert the Amount to the In-Words

Read More

Free download Automated 100 Employees Master of Form 16 Part B and 100 Employees Form 16 Part A&B with Maximum Income Tax You can Save F.Y 2019-20

Tax Saving Sections for the Financial Year.2019-20 (as per Finance Budget 2019)

Section 80C/80CCC/80CCD: Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal repayment, Tuition Fees, Stamp Duty (Best Tax Saving Investments u/s 80C)

Section 80CCD(1B): Investment in NPS (Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)

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 100 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

Section 24B: Interest paid on Home Loan for Self occupied homes. Budget 2017 has capped the restrict to Rs 2 Lakhs for both rented and self-occupied house. You can get the Tax Benefit on both HRA & Home Loan also.

Section 80EE: Additional exemption on Home Loan Interest for First time home buyers.

Section 80E: Interest paid on Education Loan. No upper/lower Limit! (Tax Benefit on Education Loan (Sec 80E)
Section 80D: Premium payment for medical insurance for self and parents. Also consists of Rs 5,000 restriction for  preventive fitness checkup

Section 80DDB: Treatment of Serious contamination for self and dependents (Limit of Rs 80,000 for man or woman above 80 years, Rs 60,000 for individual above 60 years and Rs 40,000 for rest)

Section 80U: Physically Disabled Tax payer (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than eighty%)

Section 80DD: Physically Disabled Dependent (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for extra than eighty%)

Section 80G: Donation to approved charitable price range like Prime Minister Relief fund, etc

Section 80TTA: Interest received in Savings Account Max Rs. 40,000/-

Section 87A: Tax Rebate Max Rs. 12,500/- who’s taxable Income less than 5 laks ( Amended in the Budget 2019)

Section 80GG: In case you do no longer receive HRA from business enterprise or are self-employed but NO residence in your name (Claim Tax Benefit for Rent Paid u/s 80GG)

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 A&B in New Format for A.Y. 2020-21]

 

 

 The main feature of this Excel Utility:-

7)   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 ]

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

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

10)                     Most easy to install just like an Excel File

11)                     Easy to Fill the all column

12)                     Automatic Convert the Amount to the In-Words

Read More

What is the Maximum Income Tax You can Save for the F.Y. 2019-20 With Automated Income Tax Form 16 for F.Y. 2018-19

What is the Maximum Income Tax I can save for this Year (FY 2018-19)? A question I am often asked. Tax laws keep changing year on year, especially in Budget. 2019

S. No.	Tax Sections	Description	Maximum Tax Exemption Limit (Rs.)
1	80C/ 80CCC/ 80CCD	Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal repayment, Tuition Fees, Stamp Duty.	150,000
2	80CCD(1B)	Investment in NPS	50,000
3	24	Interest paid on Home Loan for Self occupied homes.	200,000
4	80E	Interest paid on Education Loan. No Limit – Rs 50,000 is just an assumed value Tax Benefit on Education Loan (Sec 80E)	50,000
5	80D	Premium payment for medical insurance for self and parents. Below 60 Years Rs. 25000/ & above 60 Years Rs.30,000/-	55,000
6	80DDB	Treatment of Serious illness for self and dependents (Limit of Rs 1,00,000 for Senior Citizens and Rs 40,000 for others)	80,000
7	80U	Physically Disabled Taxpayer (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than 80%)	125,000
8	80DD	Physically Disabled Dependent (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than 80%)	125,000
9	80G	Donation to approved charitable funds like Prime Minister Relief Fund, etc (assumed value)100% Or 50%	50,000
10	80TTA	Interest received in Savings Account	50,000
11	80GG	For Rent Expenses who do have HRA component in salary	60,000

12	87A	Maximum Rebate Rs. 5,000/- who’s Taxable Income Less than 5 Lakh	5,000/-
13	Revised Standard Deduction U/s 16(ia)	Revised Income Tax Standard Deduction from 40,000/- to 50,000/- U/s 16(ia) by the Finance Budget 2019 ( Only for Salaried Persons)	50,000/-

 

Tax Saving Sections Summary:

Below is the recap of all tax saving sections for FY 2019-20:

Section 80C/80CCC/80CCD: Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA, and NPS. Also includes Home Loan Principal repayment, Tuition Fees, Stamp Duty (Best Tax Saving Investments u/s 80C)

Section 80CCD(1B): Investment in NPS (Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)?)

Section 24: Interest paid on Home Loan for Self occupied homes. Budget 2017 has capped the limit to Rs 2 Lakhs for both rented and self-occupied house. You can claim Tax Benefit on both HRA & Home Loan – Know How?

Section 80EE: Additional exemption on Home Loan Interest for First time home buyers. (Budget 2016)

Section 80E: Interest paid on Education Loan. No upper/lower Limit! (Tax Benefit on Education Loan (Sec 80E))

Free Download Automated Income Tax Form 16 Part A&B for F.Y. 2018-19 [ This Excel Utility can prepare at a time 100 Employees Form 16 Part A&B ]

Section 80D: Premium payment for medical insurance for self and parents. Below 60 Years Rs. 25000/- and Above 60 Year as Sr.Citizen Rs.30,000/-

Section 80DDB: Treatment of Serious illness for self and dependents (Limit of Rs 80,000 for the person above 80 years, Rs 60,000 for the person above 60 years and Rs 40,000 for rest)

Section 80U: Physically Disabled Taxpayer (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than 80%)

Section 80DD: Physically Disabled Dependent (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than 80%)

Section 80G: Donation to approved charitable funds like Prime Minister Relief Fund, etc

Section 80TTA: Interest received in Savings Account Rebate Rs. 50000/-

Section 87 A: Income Tax Rebate Rs. 5000/- who’s taxable income less than Rs. 5,000/-

Read More