Form 16 Part A to be downloaded from TRACES portal & Part B must be prepared by the Employer as per CBDT Notification Number 04/2013
Download Automated Master of Form 16 Part B for FY 2014-15 [ This Excel Utility can prepare at a time 100 employees Form 16 Part B]. No need to prepare manual Form 16 Part B, if you use this handy Excel Utility which is most ease to generate and easy to install in any computer]
Main Feature of this Utility :-- Prevent double entry of Pan Number and Name of Employee
- Automatic Calculate Tax of each employee after filling the Salary Structure
- This Excel Utility can use both of Govt and Non-Govt Concerned
- This Utility can reduce your time to prepare Form 16 Part B
- All of Tax Feature as per the Budget 2014
- Automatic Convert the Amount in to the In Words.
Income-tax
department has issued Circular No 04/2013 dated April 17, 2013 in respect of
Form 16.
New Form 16
Revised
Form 16 has been notified vide Notification 11/2013 dated 19.02.2013
Form 16
has two distinct parts :-
Part A
: contains details of tax deduction and deposit
Part B
: contains details of salary and total income
Form 16 has to be issued on or before May 31, 2014 in respect of
Financial Year 2014-15
Procedure for Issuance
Now
vide Circular 04/2013, a deductor is required to issue
1) Part
A of Form 16 by downloading the same from TRACES web site
2) Part
B of Form 16 is to be prepare & issue by deductor manually
Form 16
Part A generated from TRACES PORTAL will contain unique TDS Certificate Number
Form 16 Part A by Govt. deductors, who make TDS payment by book
entry , is also to be issued by generating and downloading from TRACES
Authentication of Form
16
Form 16 must
be signed manually or using digital signature
Analysis
Issuing Form 16 will be a challenge for deductors for FY 2014-15, as
this involves two distinct parts being issued from two different sources.
Part A will have to be generated and downloaded from TRACES &
Part B will have to be prepared manually or using a third party software.
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