Download All in One for Govt and Non Govt Employees for FY 2015-16 and Assess Yr 2016-17 [ This Excel Utility can prepare at a time Tax Compute sheet + Automatic HRA Calculation+ Arrears Relief Calculation with Form10E + Automatic Form 16 part A&B and Part B for FY 2015-16 as per Budget 2015-16]

Section 87A after Budget 2015

The existence of section 87A after budget 2014, since there were no words on the section 87A in the budget, many of our readers are eager to know whether the section 87A still exists or faded away like section 80EE.??

There is good news for all assessees who are getting benefited by section 87A because it will continue to give benefit this year also. Since section 87A is neither withdrawn nor was it for a particular year like section 80EE, so it still holds the ground. Even the Online Tax Calculator present on the Income Tax Site also calculates tax after taking tax rebate u/s 87A into account.

Thus assessee having gross total income between Rs.2.5 lakh to Rs.5 lakh are still able to reduce their tax liability by Rs 2,000. Essentially, there is NIL tax liability for annual incomes up to Rs.2.70 lakh. Calculate your Income tax by this Excel Based Income Tax Preparation Software for the Financial Year 2014-15

Click here to download the All in One Income Tax Calculator for Non-Govt Employees for the Financial Year 2015-16 (Prepare at a time Automated Tax Compute Sheet + HRA Calculation + Form 16 Part B and Part A&B for the Private employees for the Financial Year 2014-15 )