Prepare at a time 100 Employees Form 16 Part B for the Financial Year 2014-15 ( This Excel utility can prepare at a time 100 employees Form 16 Part B with Salary Structure)

Finance Act 2013 has introduced the rebate U/s. 87A and in this section it has not restricted the exemption to any particular Financial or Assessment year. Further in Recently Presented Budget 2014 by Finance Minister Arun Jaitley  section 87A was not been amended.
So in our view Rebate U/s. 87A is Available to Resident Individuals , whose total income does not exceed 5 Lakh rupees in even for Financial Year 2014-14 and for Subsequent Years.

Calculate your Tax with All in One TDS on Salary for Govt and Non-Govt employees with Tax Rebate Rs.2000/- U/s 87A ( This Excel utility can prepare at a time Tax Compute Sheet + Arrears Relief Calculation U/s 89(1)+Form 16 + HRA Calculation U/s 10(13A) + Form 16 Part A&B and Form 16 Part B)

Extract of Section 87A is as follows :-
The following section 87A shall be inserted after section 87 by the Finance Act, 2013, w.e.f. 1-4-2014 :
Rebate of income-tax in case of certain individuals.
87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.
Click here to download Automatic Form 16 Part A&B for the Financial Year 2014-15 ( This Excel Utility can prepare at a time 100 employees Form 16 Part A&B)