Taxexcel: Automatic Income Tax Form 16 Part B with 12 BA for F.Y.2016-17

The CBDT completely changed the Format of Form 16 and there have in two parts One is Part A and another One is Part B. This Format of Form 16 have changed vide Notification dated on 19/2/2013. In Form 16 Part A have the all details of tax deducted and and credited in to the Central Govt and another Form 16 Part B where the Employee's Salary details. In this Form 16 Part B there have not any column to where you can put the employees Name or Pan Number. Look the below Snap Shot of Form 16 Part B:-

This Form 16 Part B must be prepare by the Employer where the found details of Salary of Employee.

If you prepare the Form 16 Part B then where you can mention the employees Identity like as Name of Employee and Pan Card Number. It is most hazard to identify to who's Form 16 Part B is prepared ?

But the Form 16 Part A where have only the Tax Deducted and Deposited in to the Central Govt The Form 16 part A is Mandatory to Download from the TRACES Portal (www.tdscpc.gov.in)

The Snap Shot of Form 16 Part A is given below,Look the Snap Shot of Form 16 Part A:-

Feature of those Utility:-

Automatic Calculate the Income Tax
Automatic Prepare the Form 16 Part B
Automatic Prepare the Form 16 Part A&B and Part B
Automatic prepare 50 employees Form 16 Part B ( prepare at a time 50 employees Form 16)
Prevent the Double entry of PAN and Name of Employee
Automatic Convert the Amount in to the In Words
Easy to Install in any computer
Easy to Generate in any Version 2003 OR 2007 OR 2010

Download the utility from below:-

1) Download One by One preparation Form 16 PartA&B and Part B for F.Y.2016-17

2) Download One by One Form 16 Part B for F.Y.2016-17

3) Download Master of Form 16 Part A&B for 50 employees

4) Download Master of 50 employees Form 16 Part B for F.Y.2016-17

5) Download Master of Form 16 Part B with 12 BAfor F.Y. 2016-17

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The maximum amount of tax rebate U/s 87A for F.Y.2016-17?

The amount of tax rebate u/s 87A is restricted to the maximum of Rs.5,000 (increased in Finance Bill 2016). In case the computed tax payable is less than Rs.5,000, say Rs.3,500 the tax rebate shall be limited to that lower amount i.e. Rs.3,500 in our case.

What is the income category taxpayer can enjoy tax rebate?

Only Individual Assesses earning net income up to Rs.5 lakhs are eligible to enjoy tax rebate u/s 87A.

Download Automatic Master of Form 16 Part B with 12 BA for the Financial Year 2016-17 [ This Excel Utility can prepare at a time 50 employees Form 16 Part B with 12 BA]