Tax Rebate Rs.2,000/- U/s 87A will be continue in this financial Year 2014-15 as per the Finance Budget, Plus Automatic Form 16 Part B FY 2014-15
Click here to download the Automated Form 16 Part B for FY 2014-15[ This Excel Utility can prepare One by One Form 16 Part B for FY 2014-15]
Click here to download the Master of Form 16 Part B for FY 2014-15 [This Excel Utility can prepare at a time 50 employees Form 16 Part B for FY 2014-15]
Most of the employees who are middle class of salaried person, thought about the Income Tax Rebate Rs. 2.000/- U/s 87A will be Continuing or not for the Financial Year 2014-15 ?. Yes this Section have also in this new Financial Year 2014-15 and can get the Tax benefits by this section also. Not only this Rebate but also the Income Tax Slab has raised from 2,00,000/- to 2,50,000/- for the below 60 years aged salaried persons and the Section 80 C has also Raised from 1,00,000/- to 1,50,000/-, it is the great news to the all of tax payers.
Now it is necessary to calculate your tax liability which will be paid in this financial year 2014-15 and Assessment Year 2015-16. Already various Web Site published new Income Tax Calculator for the Financial Year 2014-15 after just passing the Finance Budget, but they are not complete Tax Calculator or Income Tax Preparation Utility in Excel.
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