Click here to download the Automated Form 16 Part B for FY 2014-15[ This Excel Utility can prepare One by One Form 16 Part  B for FY 2014-15]

Click here to download the Master of Form 16 Part B  for FY 2014-15 [This Excel Utility can prepare at a time 50 employees Form 16 Part B  for FY 2014-15]

Most of the employees who are middle class of salaried person, thought about the Income Tax Rebate Rs. 2.000/- U/s 87A will be Continuing  or not for the Financial Year 2014-15 ?. Yes this Section have also in this new Financial Year 2014-15 and can get the Tax benefits by this section also. Not only this Rebate but also the Income Tax Slab has raised from 2,00,000/- to 2,50,000/- for the below 60 years aged salaried persons and the Section 80 C has also Raised from 1,00,000/- to 1,50,000/-, it is the great news to the all of tax payers.

Now it is necessary to calculate your tax liability which will be paid in this financial year 2014-15 and Assessment Year 2015-16. Already various Web Site published new Income Tax Calculator for the Financial Year 2014-15 after just passing the Finance Budget, but they are not complete Tax Calculator or Income Tax Preparation Utility in Excel. 

Now the taxexcel.net have published the Most New Income Tax Calculator with Automated Arrears Relief + Form 10E + Automated HRA Calculation + Automated Form 16 Part B and Part A&B for the Financial Year 2014-15 and Assessment Year 2015-16. 

Click here to download the Automated Form 16  Part B for FY 2014-15[ This Excel Utility can prepare One by One Form 16 Part  B for FY 2014-15]

Click here to download the Master of Form 16 Part B  for FY 2014-15 [This Excel Utility can prepare at a time 50 employees Form 16 Part B  for FY 2014-15]

On February 07, 2015 by www.taxexcel.net

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Click to Download Arrears Relief Calculator with form 10E

                               Snapshot of Automatic Arrears Calculator 

                                                                      Input Sheet

       Calculation of Arrears Relief Since FY 2000-01 to 2014-15

                                    Snapshot of Automated Form 10E 

Most of the employees have get the arrears salary as their previous years, some employee have get the arrears from the Financial Year 2000-01 and on-wards financial Year, in this regard this Excel Based Software can prepare the Form 10 E from the Financial Year 2000-01 to Financial Year 2014-15. You can use this utility for calculate your Arrears Relief U/s 89(1) with Auto fill the Form 10E.

This calculator show two calculation of Income Tax ,one is on the basis of the receipt of salary/arrears and other is on the due basis of relevant years and if tax on receipt basis is more than due relevant years basis then relief under section 89(1) will be available otherwise nothing is available means no benefit in distributing the arrears in respective years.

How to Use.

1) You have to fill only White column only .after each entry an updating sign will be shown,after disappearance of the sign then only enter next data.

2)All White cell are not mandatory fill only which are required.fill zero where no figures are required 

Section 89. Where an assessee is in receipt of a sum in the nature of salary, being paid in arrears or in advance or is in receipt, in any one financial year, of salary for more than twelve months or a payment which under the provisions of clause (3) of section 17 is a profit in lieu of salary, or is in receipt of a sum in the nature of family pension as defined in the Explanation to clause (iia) of section 57, being paid in arrears, due to which his total income is assessed at a rate higher than that at which it would otherwise have been assessed, the Assessing Officer shall, on an application made to him in this behalf, grant such relief as may be prescribed

Specified DDO CAN ALLOW RELIEF U/s 89(1)

Following employer may allow benefit u/s 89(1) if claimed by employee.

1.company,

2.co-operative society,

3.local authority,

4.university,

5.institution,

6.association or body

7.Govt State or center

8.Public sector undertaking

Click to Download Arrears Relief Calculator with form 10E

On November 03, 2014 by www.taxexcel.net

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