Section 80DDB

An individual (less than 60 years of age) can claim up to Rs 40,000 for the treatment of specified critical ailments. This can also be claimed on behalf of the dependents. The tax deduction limit under this section for Senior Citizens and very Senior Citizens (above 80 years) has been revised to Rs 1,00,000 w.e.f FY 2018-19.

On October 11, 2019 by www.taxexcel.net

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On July 07, 2017 by www.taxexcel.net

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Income tax is something all of us would like to reduce it to the maximum. And what better than tax saving investments under Section 80C to reduce our taxes to some extent. Choose one of the following tax saving investments before 31st March.

Download All in One Income Tax Preparation Excel Based Software for Non-Govt employees for F.Y.2016-17 & A.Y.2017-18.[ This Excel Utility can prepare at a time Tax Compute Sheet + Individual Salary Sheet + Individual Salary Structure + Automated H.R.A.Exemption Calculation + Automated Form 16 Part A&B and Form 16 Part B ]

 PPF (Public Provident Fund)

It is one of the traditional yet highly preferred retirement planning investments. It is also a great long-term tax saving investment. The maximum amount that is allowed as an investment in the scheme is Rs 1.5 lakh. Interest income on PPF and the amount received on maturity are both tax-free.

ELSS (Equity Linked Saving Scheme)

ELSS is a mutual fund that comes within the ambit of tax saving investments. With a lock-in period of 3 years, this investment option offers an exemption of maximum Rs 1.5 lakh in a financial year. The interest rate depends on the performance of this scheme in a given year and the maturity amount from the investment is tax-free.

FD (Fixed Deposits)

Fixed deposit is another popular tax saving Investment. The interest rate varies from one bank or post office to another. The maximum exemption allowed is Rs 1.5 lakh for a minimum duration of 5 years. The interest earned and the maturity amount is taxable.

NSC (National Saving Certificate)

NSC’s are tax saving investments issued by the Indian Post Office. It has a 5-year lock in period. They offer guaranteed and tax-free returns till maturity, although the interests earned is taxable.

EPF (Employee Provident Fund)

This scheme helps save a maximum of Rs 1.5 lakh. In this fund, up to 12 % of a person’s basic salary gets deducted and the other 12 % is contributed by the employer.The amount at maturity is tax-free.

Life Insurance

Life insurance is the most popular tax saving investment under Section 80C of the Income Tax Act. With a maximum deduction of Rs, 1.5 lakh is allowed in a given financial year. The amount received at maturity or in the case of death is tax-free. Apart from the tax saving benefits life insurance helps one plan for the unforeseen events in his or her life.

ULIP (Unit Linked Insurance Plan)

ULIP is a unique combination of investment and insurance that results in a tax saving of Rs 1.5 lakh per year. The premium paid by you is split between insurance and investment. The corpus received at maturity is exempt from tax.

NPS (National Pension System)

The National Pension System is an additional tax saving investment. It is a long-term product with strict penalties on withdrawal. It is primary to encourage people to save for their retirement. Your contribution in the scheme is deducted from income tax up to a maximum of Rs.50,000. This deduction is over and above the limit of Rs 1.5 lakh of Section 80C.

However, if your employer contributes to your NPS account, it would be tax-free without any limit. And this contribution is also exempt from income tax over and above the 80C limit.

Sukanya Samriddhi Yojana

A Sukanya Samriddhi Yojana account can only be opened on a girl child’s name by her parents or legal guardians.The account can be opened anytime from the birth of the girl child till she attains the age of 10 years and it is valid up to 21 years of age. The maximum deduction of up to Rs 1,50,000 can be claimed every year under Section 80C. The maturity proceeds from the scheme are tax-free.

On September 11, 2016 by www.taxexcel.net

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The Financial Year 2016-17 has already  started From the 1^st April 2016  and Tax deduction can be made as per the Finance Budget 2016, the Tax Slab have not changed, same as the previous financial year 2016-17.

But Limit of  some Tax Section has Increased by this Finance Budget.

The Section 80U have increased 75000/- P.A. and Rs. 125000/- 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/-  

Additional House Building Interest U/s 80EE has increased from Rs.1 Lakh to 1.5 Lakh, excluding the Tax Section 24B.

It is necessary to calculate your Tax Liability for the Financial Year 2016-17 for guessing the actual Tax Liability for the Financial Year 2016-17 and you can Plan how  to save tax for this Financial Year FY 2016-17.

Below Given Excel Based updated Income Tax Software All in One for all type of Employees like as Govt employees and also Non-Govt employees.

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 + Inbuilt Salary Structure for both Govt & Non Govt employees which can prepared on the basis of Salary Pattern of each Govt and Non Govt concerned +Automated Arrears Relief Calculation with Form 10E + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2016-17 and Assessment Year 2017-18.

It is most hazards to calculate individually HRA Calculation separately another sheet and also it is a hazard to calculate the Arrears Relief Calculation from the financial Year 2001-02 to 2016-17. 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.

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 prepared on the Basis of Govt and NonGovt Salary Pattern

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automatic Calculate the Arrears Relief Calculation with Form 10E since 2001-02 to 2016-17

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B

·         Automatic Convert the Amount into In Words

1) Download All in One TDS on Salary for Non-Govt Employees for F.Y.2016-17 & A.Y.2017-18 [ This Excel Based Software can prepare at a time Tax Compute Sheet + H.R.A. Calculation +Individual Salary Structure + Individual Salary Sheet + Form 12 BA + Form 16 Part A&B and Form 16 Part B ]

2) Download All in One TDS on Salary for Govt & Non-Govt Employees for F.Y.2016-17 & A.Y.2017-18 [ This Excel Based Software can prepare at a time Tax Compute Sheet + H.R.A. Calculation +Automated Arrears Relief Calculator U/s 89(1) with Form 10E + Individual Salary Structure + Individual Salary Sheet + Form 16 Part A&B and Form 16 Part B ]

On July 13, 2016 by www.taxexcel.net

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The Financial Year 2016-17 has already  started From the 1^st April 2016  and Tax deduction can be made as per the Finance Budget 2016, the Tax Slab have not changed, same as the previous financial year 2016-17.

On June 23, 2016 by www.taxexcel.net

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The Financial Year 2016-17 has already  started From the 1^st April 2016  and Tax deduction can be made as per the Finance Budget 2016, the Tax Slab have not changed, same as previous financial year 2016-17.

On May 24, 2016 by www.taxexcel.net

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The Limit of  some Tax Section has Increased by this Finance Budget 2015. The Section 80U have increased 75000/- P.A. and Rs. 125000/- 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 Only for Central Govt Employees 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 2014-15 and Assessment Year 2015-16.

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.

Feature of this Utility:-

·         Automatic Calculate Income Tax with Tax Computed sheet individually as per Central Govt Salary Pattern.

·         Individual Salary Structure for calculating the Gross Salary Income as per Central Govt employees

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automatic Calculate the Arrears Relief Calculation with Form 10E since 2000-01 to 2015-16

·         Automated Form 16 Part A&B for F.Y.2015-16

·         Automated Form 16 Part B for F.Y.2015-16

·         Automatic Convert the Amount in to In Words

Click here to Download  CentralGovt Employees Excel Based Software [ This Excel based Utility can prepare at a time Tax Compute sheet+ Individual Salary Structure +Arrears Relief +HRA Exemption +Form 16 Part B +Form 16 Part A&B for FY 2015-16 ]

Central Govt employees Salary Structure

On February 14, 2016 by www.taxexcel.net

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The Central Finance Budget has already passed by the Parliament for the Financial Year 2015-16 and the Income Tax Slab Raised from the Previous Financial Year, and also some changes have made in this Finance Budge, The Section 87A will be continue and U/s 80 TTA (the Savings Bank Interest also entitled in this Financial Year 2014-15), K.V.P. has introduce , P.P.F. Limit has increase up to Rs. 1,50,000/- & Pension Fund U/S 80CC Max Rs.1.5 Lakh.

For below 60 years Age Salaried Persons can get the maximum Tax Relief up to Rs. 2,50,000/- and the Section 80C has also sane as to Rs. 1,50,000/-

The below given Excel based Software which can prepare at a time Income Tax Computed Sheet + Automatic House Rent Exemption calculation + In built Salary Structure for Non Govt employees which can prepared on the basis of Salary Pattern of each 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.

 Click here to Download the Automated All in One TDS on Salary for Non-Govt employees for the Financial Year 2015-16 and Assessment Year 2016-17 ( This Excel Based Utility Can prepare at a time Income Tax Calculation Sheet + Individual Salary Sheet + Automatic HRA Calculation + Form 16 Part A&B and Form 16 Part B + Form 12 BA Only for Non Govt employees)

Deductor Details Sheet

It is most hazard to calculate individually HRA Calculation separately a another sheet. 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 Non Govt Salary Pattern

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B

·         Automatic Convert the Amount in to In Words

• All the New Feature of Central Budget have in this Excel Utility and this utility prepare as per the New Central Budget 2015-16

Non-Govt employees Salary Structure

Form 16 Part B

Click here to Download the Automated All in One TDS on Salary for Non-Govt employees for the Financial Year 2015-16 and Assessment Year 2016-17 ( This Excel Based Utility Can prepare at a time Income Tax Calculation Sheet + Individual Salary Sheet + Automatic HRA Calculation + Form 16 Part A&B and Form 16 Part B + Form 12 BA Only for Non Govt employees)

On January 12, 2016 by www.taxexcel.net

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Download the Excel Based Automated Form 16 for Financial Year 2015-16 & Assessment Year 2016-17 from the below link

Main Feature of this Excel Utility are :-

• Automatic calculate the Form 16 Part A&B and Part B
• Automatic Calculate the Income Tax Liability 
• Automatic Prepare the Form 16 after filling the employees data
• Automatic Convert the Amount in to the In words
• Easy generate the Utility
• Easy install this utility more than One System and work from both System
• All Amended Income Tax Section as per New Finance Budget 2015-16 

1) Download the On by One Prepare Form 16 Part A&B and Part B( Prepare One by One Form 16 Part A&B and Part B for FY 15-16)

2)Download 50 employees Master of Form 16 Part A&B  ( This utility can prepare at a time 50 employees Form 16 Part A&B for FY 2015-16)

3)Download  100 employees Master of Form 16 Part A&B  ( This utility can prepare at a time 100 employees Form 16 Part A&B for FY 2014-15)

4)Download 50 Master of Form 16 Part B( This can prepare at a time 50 employees Form 16 Part B for FY 2015-16)

 5)Download 100 Master of Form 16 Part B( This can prepare at a time 50 employees Form 16 Part B for FY 2015-16)

6) Download the Master of Form 16 Part B with Form 12 BA ( This utility can prepare at a time 50 employees Form 16 Part B with 12 BA for FY 2015-16)

The Income Tax Department have notifies that the the Income Tax Form 16 Part A is now Mandatory to download from the Traces Portal (www.tdscpc.gov.in) by the all of deductors. But most of the deductor have not able to download the Form 16 Part A or they have not well known to how to download the Form 16 Part A from the TRACES Portal. Some of the Deductor yet not known about this new Notification of CBDT. It appears that the most of Deductor have not known that the new format of Form 16 and the Form 16 have in two parts Part A and Part B.Various Govt and Non Govt Concerned could not download the Form 16 Part A from the TRACES Portal. But the Form 16 must be distribute to their employees within this month positively, so they can fill the Income Tax return online or off line.

The Part A of Form 16 have only have the Quarter ended Income Tax deducted and deposited in to the Central Govt Account. and another Part of Form 16 Part B have the Details of employee's Salary with the Tax liability of employee. 

Any employee can view and download the Tax Deducted and Deposited through the view and download the 26A through the TRACES Portal ( www.tdscpc.gov.in). this 26A is like as the Form 16 Part A.  

If you are not able to download the Form 16 Part A you can look the above given some Excel Based Form 16 preparation Software which can prepare both of Form 16 Part A&B and Part B for the financial Year 2013-14 and Assessment Year 2014-15.

On January 11, 2016 by www.taxexcel.net

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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

Click Below to Download the Excel Based Software All in One

1) Download All in One TDS on Salary for Central Govt employees for F.Y.2015-16

2) Download All in One TDS on Salary for All State Govt Employees for F.Y.2015-16

3) Download All in One TDS on Salary for only West Bengal State Employees for F.Y.2015-16

4) Download All in One TDS on Salary for Govt & Non Govt Employees for F.Y.2015-16

5) Download All in One TDS on Salary for Non Govt employees for F.Y.2015-16

6) Download All in One TDS on Salary for Bihar State Govt employees for F.Y. 2015-16

On January 03, 2016 by www.taxexcel.net

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Salary Structure for A.P.State Employees

Download the Excel Based Software All in One Tax preparation Software for Andhra Pradesh State Govt employees for  F.Y.2015-16 and A.Y.2016-17[This Excel Utility can prepare at a time Income Tax Computed Sheet + Automatic House Rent Exemption calculation + In built Salary Structure + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2015-16 and Assessment Year 2016-17.]

The Financial Year 2015-16 has going on to end on 31st march 2016 and the Central Govt has declare the 7th Pay Commission along with other State Govt has also declare the same. In this regard the Salary of each employees must be hike and Income Tax also hi to the previous Financial year.The effect of 7th Pay Commission will be started from the January 2016 which is fall in the Financial Year 2015-16 as the Financial Year started from April 2015 to March 2016.
 
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. 125000/- 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.

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 for the Financial Year 2015-16 and  Assessment Year 2016-17

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 2014-15

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B

·         Automatic Convert the Amount in to In Words

Download the Excel Based Software All in One Tax preparation Software for Andhra Pradesh State Govt employees for  F.Y.2015-16 and A.Y.2016-17[This Excel Utility can prepare at a time Income Tax Computed Sheet + Automatic House Rent Exemption calculation + In built Salary Structure + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2015-16 and Assessment Year 2016-17.]

On December 03, 2015 by www.taxexcel.net

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