Download the Automated All in One TDS on Salary for All State Govt Employees for Financial Year 2015-16 [ This Excel Based Software can prepare at a time your Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic HRA Calculation U/s 10(13A) +Automatic Form 16 Part A& B  and Automatic Form 16 Part B as per the new Finance Budget 2015]
Deductor & Employee Details

 
Employee Salary Structure

Employee Tax Computed Sheet
Form 16 Part A&B

Employees Individual Salary Sheet

No changes in tax slab rate for the F.Y.2015-16. The tax free income remains 2.5 lakh. There is some concession in medical insurance. But 80C limit of Rs 1.5 lakh will remain for another one year. Rather income tax surcharge is increased. However, investment in New Pension Scheme will give you extra tax saving.

  1. You can get extra tax deduction up to Rs 50,000 by investing in New Pension Scheme U/s 80CC i.e. Total Deduction can get Rs. 1.5 Lakh

  1. The tax deduction limit for health insurance is also increased 25,000/- for below 60 years of age and  For the senior citizen this limit is now Rs 30,000/-.

  1. Senior citizens who are older than 80 years and don’t have any health insurance, can claim tax deduction on medical expense of Rs 30,000.

  1. From the financial year 2015-16 the the riches would have to pay more tax as surcharge is increased to 12%. Earlier it was 10%. Surcharge is levied upon those who earn more than Rs one crore in a year.


  1. Transport Allowance exemption limit is increased to 1,600/month. & For Phy.disable Person can get Rs.3200/- Per month