The
Financial Year 2015-16 is going to end in the March 2016 and as per the Finance
Budget 2015, the Tax Slab have not changed, same as previous financial
year 2014-15. But Limit of some Tax Section has Increased by this
Finance Budget. The Section 80U have increased 75000/- P.A. and Rs.
1,25,000/- P.A. for Blind persons. Traveling Allowances also raised up to
1600/- P.M. and Blind Person can avail Rs. 3200/- P.M. Section 80D
Raised Rs. 25000/- and Sr.Citizen Rs. 30,000/-
It
is necessary to calculate your Tax Liability for the Financial Year
2015-16 as the D.A. has also increased to the Govt employees time to
time.
The below given Excel based Software which can prepare at a time Income Tax Computed Sheet + Automatic Arrears Relief Calculator + Automatic House Rent Exemption calculation + In built Salary Structure for both Govt & Non Govt employees which prepared on the basis of Salary Pattern of each Govt and Non Govt concerned + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2015-16 and Assessment Year 2016-17.
It
is most hazard to calculate individually HRA Calculation separately
another sheet and also it is hazard to calculate the Arrears Relief
Calculation from the financial Year 2000-01 to 2015-16. This Excel
Utility can prepare all the calculation just a moment. Thus your time
may reduce for calculating the actual Income Tax of each employee.
This Excel Based Software Can prepare more than 500 employees Tax Computed One by One.
Feature of this Utility:-
· Automatic Calculate Income Tax with Tax Computed sheet individually
· Individual Salary Structure for calculating the Gross Salary Income
· Salary Structure have prepare on the Basis of Govt and Non Govt Salary Pattern
· Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)
· Automatic Calculate the Arrears Relief Calculation with Form 10E since 2000-01 to 2013-14
· Automated Form 16 Part A&B
· Automated Form 16 Part B
· Automatic Convert the Amount in to In Words
