In the Finance
Budget 2015 have some changes as previous Financial Year 2014-15, but
the Tax Slab is Same as previous Financial Year. The Major Changes is
Raised the some Tax Section which is given below :-
Showing posts with label 80CCC. Show all posts
Showing posts with label 80CCC. Show all posts
Monday, 23 March 2015
Download Master of Form 16 Part B for the Financial Year 2014-15 and Assessment Year 2015-16. [ By this Excel Based Software you can prepare more than 1000 employees Form 16 Part B. ]
How it possible to prepare 1000 employees Form 16 ? as per the method given below:-
First Prepare 50 employees form 16 Part B, Save As > give the file name > Save again prepare 50 employees Form 16 Part B and Save As > give the File name > Save, in this manner you can prepare more than 1000 employees Form 16 Part B. But it is noted that, it should not allow to prepare new Form 16 from the New created File name file name. For An example
1) First you should keep this Software in another location( Master of Form 16 )
2) Prepare Form 16 by this Software and go to Save As option > Give the File name like as( "16 A") > Save this to another location.
3) Return to the Master of Form 16 ( where you keep this an original file) > Prepare another 50 employees form 16 Part B , Go to Save As option > Give the another File Name like as " 16 B") .Save this to another location.
4) Again Return the Master of Form 16 Part B(Where you keep this an Original file) and follow the same as above. Like this method you can prepare more than 1000 employees form 16 Part B easily.
Main Feature of this Excel Utility :-
- No need to Manual Typing the Amount to In Words ( it convert automatically)
- Automatic Calculate the Income Tax with new Tax Slab For F.Y. 2014-15
- All in Income Tax New and Old Section with the description of each section
- Instruction have in this Software were you can find your Answer
- This Excel Utility Can use the Both of Govt and Non Govt Concerned.
Click here to Download this Utility [ Master of Form 16 Part B which can prepare at a time 50 employees Form 16 Part B for FY 2014-15]
Saturday, 22 November 2014
Download the above link All in One TDS on Salary for Non-Govt (Private ) employees for the FY 2014-15 which can prepare at a time Tax Compute Sheet + HRA Calculation + Form 16 Part A&B and Part B)
Summary and List of Income
Tax Deductions under Section 80C, 80CCA,
80CCC, 80CCD, 80CCG, 80D, 80DD, 80DDB, 80E, 80EE, 80G, 80GG,
80GGB, 80GGC, 80JJAA, 80QQB, 80RRB, 80TTA to 80U of Income Tax Act,
1961. There are different tax saving options i.e. Allowable
Deductions/Exemption under Income Tax, are given under chapter VIA of the
Income Tax Act, 1961. Summary of different tax saving section under which
person can claim deduction or exemption from total Income are given below.
Deduction under section
80C for investment in
various financial instrument, insurance policy, fixed deposits, etc. Maximum
Deduction under Section 80C, 80CCC and 80CCD is Rs.150,000/-
Deduction under section 80CCA: Discontinued from April, 1992 Income Tax Deduction under section 80CCA for investment in National Savings Scheme or payment to a deferred annuity plan.
Deduction under section 80CCC for Contribution to pension scheme Maximum Deduction under Section 80C, 80CCC and 80CCD is Rs.100,000/- Deduction under section 80CCD for Contribution to pension scheme of Central Government.
Deduction under section 80CCG for Contribution to equity shares or equity mutual fund under Rajiv Gandhi Equity Saving Scheme and maximum deduction under Section 80CCG is Rs.50,000/-
Deduction under section 80D for Contribution to medical premium and maximum deduction under Section 80D is Rs.15,000/-
Deduction under section 80DD for Contribution to medical treatment and maintenance of handicapped dependent and Maximum Deduction under Section 80DD is Rs.100,000/- & Rs 50,000/-.
Deduction under section 80DDB for Contribution to medical treatment of specified diseases and maximum deduction under Section 80DDB is Rs.60,000/- and Rs 40,000/-
Deduction under section 80E for interest payment of loan taken for higher education and there is no maximum Deduction under Section 80E so individual can total interest paid on education loan.
Deduction under section 80EE for interest payment of loan taken for new home for home loan amount of Rs 25 Lakhs and maximum Deduction under Section 80EE is Rs.100,000/-
Deduction under section 80G for Contribution/Donation to charitable organization and maximum deduction under Section 80G is 100% of contribution amount to 10% of 10% of adjusted gross total income of the taxpayer.
Deduction under section 80GG for payment of rent by individual salaried taxpayer who is not receiving House rent allowance (HRA) and should not own any residential accommodation and maximum deduction under Section 80GG is Rs 2000/- per Month.
. Deduction under section 80GGB for Contribution/ Donation to political parties by Indian Company and there is no maximum deduction limit under Section 80GGB so assessee can claim whatever donation he made to political party as deduction u/s 80GGB.
Deduction under section 80GGC for Contribution/ Donation to political parties by tax payer other than Indian Company and there is no maximum deduction limit under Section 80GGC so assessee can claim whatever donation he made to political party as deduction u/s 80GGC.
Deduction under section 80JJAA for additional wages paid to new workmen in factory and maximum deduction under Section 80JJAA is 30% of additional wages paid to new workmen in factory.
Deduction under section 80QQB for income from royalty to author for lump sum consideration for the assignment or grant of any of his interests in the copyright of any book being a work of literary, artistic or scientific nature, or of royalty or copyright fees in respect of such book and maximum deduction under Section 80QQB is Rs.300,000/-
Deduction under section 80RRB Any individual who is resident in India having a patent and receiving any income by way of royalty for that registered patent can claim maximum deduction of Rs 300,000/- from his gross total income for that royalty income.
Deduction under section 80U for disable person. Individual can claim deduction from taxable income based on his physical disability and amount of deduction is dependent on percentage of disability and maximum deduction under Section 80U is Rs.50,000/- and Rs 100,000/-.
Deduction under section 80CCA: Discontinued from April, 1992 Income Tax Deduction under section 80CCA for investment in National Savings Scheme or payment to a deferred annuity plan.
Deduction under section 80CCC for Contribution to pension scheme Maximum Deduction under Section 80C, 80CCC and 80CCD is Rs.100,000/- Deduction under section 80CCD for Contribution to pension scheme of Central Government.
Deduction under section 80CCG for Contribution to equity shares or equity mutual fund under Rajiv Gandhi Equity Saving Scheme and maximum deduction under Section 80CCG is Rs.50,000/-
Deduction under section 80D for Contribution to medical premium and maximum deduction under Section 80D is Rs.15,000/-
Deduction under section 80DD for Contribution to medical treatment and maintenance of handicapped dependent and Maximum Deduction under Section 80DD is Rs.100,000/- & Rs 50,000/-.
Deduction under section 80DDB for Contribution to medical treatment of specified diseases and maximum deduction under Section 80DDB is Rs.60,000/- and Rs 40,000/-
Deduction under section 80E for interest payment of loan taken for higher education and there is no maximum Deduction under Section 80E so individual can total interest paid on education loan.
Deduction under section 80EE for interest payment of loan taken for new home for home loan amount of Rs 25 Lakhs and maximum Deduction under Section 80EE is Rs.100,000/-
Deduction under section 80G for Contribution/Donation to charitable organization and maximum deduction under Section 80G is 100% of contribution amount to 10% of 10% of adjusted gross total income of the taxpayer.
Deduction under section 80GG for payment of rent by individual salaried taxpayer who is not receiving House rent allowance (HRA) and should not own any residential accommodation and maximum deduction under Section 80GG is Rs 2000/- per Month.
. Deduction under section 80GGB for Contribution/ Donation to political parties by Indian Company and there is no maximum deduction limit under Section 80GGB so assessee can claim whatever donation he made to political party as deduction u/s 80GGB.
Deduction under section 80GGC for Contribution/ Donation to political parties by tax payer other than Indian Company and there is no maximum deduction limit under Section 80GGC so assessee can claim whatever donation he made to political party as deduction u/s 80GGC.
Deduction under section 80JJAA for additional wages paid to new workmen in factory and maximum deduction under Section 80JJAA is 30% of additional wages paid to new workmen in factory.
Deduction under section 80QQB for income from royalty to author for lump sum consideration for the assignment or grant of any of his interests in the copyright of any book being a work of literary, artistic or scientific nature, or of royalty or copyright fees in respect of such book and maximum deduction under Section 80QQB is Rs.300,000/-
Deduction under section 80RRB Any individual who is resident in India having a patent and receiving any income by way of royalty for that registered patent can claim maximum deduction of Rs 300,000/- from his gross total income for that royalty income.
Deduction under section 80U for disable person. Individual can claim deduction from taxable income based on his physical disability and amount of deduction is dependent on percentage of disability and maximum deduction under Section 80U is Rs.50,000/- and Rs 100,000/-.
Friday, 31 October 2014
Click to Download the All in One Master of Form 16 Part B for the Financial Year 2014-15 with 50 employees Salary Structure + 50 employees Salary Sheet for Print
The unique Excel Based Software which can prepare at a time 50 employees Form 16 Part B with Individual Salary Structure + Individual Salary Sheet for the Financial Year 2014-15 and Assessment Year 2015-16. You can easily calculate the Gross Salary Income of each employee by the Individual Salary Structure. The Salary Structure will be fit for any Govt and Non-Govt Salary Pattern.
This Excel Based Software can prepare at a time 50 employees Form 16 which can reduce your time for preparation of Form 16. You can prepare more than 1000 employees Form 16 by this One Software.
Snapshot of Data Input Sheet for Govt & Non-Govt Concerned
Snapshot of Individual Salary Structure for Govt & Non-Govt Concerned
Snapshot of Form Individual Salary Sheet
Snapshot of Form 16 Part B
Click to Download the All in One Master of Form 16 Part B for the Financial Year 2014-15 with 50 employees Salary Structure + 50 employees Salary Sheet for Print
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