Click here to Download the Automated Form 16 Part A&B and Part B for the Financial Year 2014-15 & Assessment Year 2015-16

Most of the Govt or Non Govt Concerned have need to issue the Form 16 in the middle time of  any Financial Year, when any employee can opt out from his Present Service or from his present Concerned, and than it would be need as well as Issue the Form 16 (Partly) to the Op tout  employee as his proof of Income. 

In this regard this Excel Based Automated Form 16 may help to prepare Form 16. This Excel Based Automatic Form 16 have all the New Income Tax Feature as per the New Central Finance Budget along with the New Income Tax Slab.

The Finance Minister had placed union Budget 2014-15 by rising Tax Exemption Limit for Salaried Class Employee From 2,00,000/- to 2,50,000/- below the age of 60 years and the Sr.Citizen they can get more 50 thousand extra benefits as the Tax Slab for the Above 60 and Below 80 Years are up to Rs. 3,00,000/- and the Most Sr.Citizen as the same as before by Rs. 50000/-


You can get the Income Tax Benefits from the Income Tax Section 80 C, in this Finance Budget a new Item has introduce in 80 C is Kissan Vikas Patra (K.V.P) and also Enhance the Maximum limit  of P.P.F. up to Rs. 1,50,000/-

PPF
Rating: *****

The PPF is an all-time favorite investment option and the Budget has only made it more attractive by enhancing the annual investment limit to Rs 1.5 lakh. The PPF offers investors a lot of flexibility. You can open an account in a post office branch or a bank. The maximum investment of Rs1.5 lakh in a year can be done as a lump sum or as installments on any working day of the year. Just make sure you invest the minimum Rs 500 in your PPF account
 
ELSS funds
Rating: *****
Equity-linked saving schemes (ELSS) have the shortest lock-in period of three years among all the tax-saving options under Section 80C. But this should not be the most important reason for investing in this avenue. Being equity funds, these schemes can generate good returns for investors over the long term. The minimum investment in ELSS funds is very low. Though regular equity mutual funds have a minimum investment of Rs 5,000, you can put 


Ulips
​Rating: ****
The 2010 guidelines have made Ulips more customer-friendly. A new online Ulip launched by HDFC Life charges only 1.35 per cent for fund management. There is no other charge except for the risk cover provided by the policy. This makes the click2invest policy even cheaper than direct mutual funds. Keep in mind that a Ulip yields good results only if held for at least 10-12 years 


Bank FDs and NSCs
Rating: ***
Don't get misled by the high interest rates offered on the 5-year bank fixed deposits. Interest income is fully taxable so the post-tax yield may not be as high as you think. In the 20 per cent and 30 per cent income tax brackets, it is not as attractive as the yield of the tax-free PPF. 


Life Insurance plans
Rating: **

Though the Irda guidelines for traditional plans have made insurance policies more customer-friendly, they are still the worst way to save tax. The tax saving is only meant to reduce the cost of insurance. It is not the core objective of the policy.

Pension plans
Rating: *

The charges of pension plans offered by life insurers are significantly higher than those of the NPS. The difference can snowball into a wide gap over the long term. The other problem is that annuity income is still not tax-free, which makes pension plans rather unattractive for retirees. 

Click here to Download the Automated Form 16 Part A&B and Part B for the Financial Year 2014-15 & Assessment Year 2015-16