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Showing posts with label Form 16 for Financial Year 2014-15. Show all posts
Showing posts with label Form 16 for Financial Year 2014-15. Show all posts

Monday 5 January 2015

Click here to Download the Master of Form 16 Part A&B (For 100 employees) for Financial Year 2014-15 ( This Utility can prepare at a time 100 employees Form 16 Part A&B for FY 2014-15)

Click here to Download the Master of Form 16 Part B ( For 100 employees) for the Financial Year 2014-15( This Utility can prepare at a time 100 employees Form 16 Part B for FY 2014-15)


The New Central Finance Budget have already passed and the Income Tax Slab have raised from 2 laks to 2.5 Lakhs for below 60 years Age and the Slab to the Sr.Citizen above 60 and below 80 years age is Rs.3 Lakh instead of Rs.2.5 Lakh. Some amended also included in this Finance Budget like as the Kissan Vikas Patra (K.V.P.) have introduce in the Section of 80 C. The 80 C has also raised up to Rs. 1.5 lakh as the before was 1 Lakh.

The Tax Rebate Rs.2,000/- U/s 87A & Savings Bank Interest relief up to Rs. ten thousand U/s 80 TTA is still available in this financial year. Hope it will be the great news to the Salaried Persons.

Some of the Govt and Non Govt Concerned have above 100 employees working and most of the employees are in this Income Tax Slab, who's Income Tax Calculation and Preparation of Form 16 must be prepare and distribute to them after end of this Financial Year.

As per the CBDT new notification that the format of  Form 16 has already Changed and this Form 16 have in two parts. One is Part A and another is Part B. In the Form 16 Part A have the details of Tax Deducted and deposited to the Central Govt and the Part B of Form 16 have the details of employee's Salary Details including the Total Tax Deducted and deposited to the Central Govt.

Another Notification by the CBDT it is mandatory to download the Form 16 Part A from the TRACES Portal ( http://www.tdscpc.gov.in) and the Form 16 Part B is mandatory to prepare by the employer/deductor of each Govt or Non Govt Concerned.

Now it is question that the most of the Concerned have not know about this new CBDT notification and they could not able to download the Form 16 Part A from the TRACES Portal, as download the Part A from the Portal is most litigated. Who are able to download the Part A they can issue only the Form 16 Part B, but who are not able to download the same they have to need the both of Form 16 Part A&B for issue to their employees.

Given below the Excel Based Software which can prepare at a time 50 employees Form 16 Part A&B (Both) for the Financial Year 2014-15 and Assessment Year 2015-16

Main feature of this Excel Utility :-

  • Prepare at a time 100 employees Form 16 Part A&B for FY 2014-15
  • Auto Calculate the Income Tax of each Employees as per the new Tax Slab FY 14-15
  • Auto generate the Form 16 Part A&B
  • Complete Salary Structure for calculating the Gross Salary Income. 
  • The Salary Structure prepare as per the all Govt and Non Govt concerned Salary Pattern
  • All the Income Tax (Amended) have in this Utility
  • Automatic Convert the Amount in to the In Words

Click here to Download the Master of Form 16 Part A&B (For 100 employees) for Financial Year 2014-15( This Utility can prepare at a time 100 employees Form 16 Part A&B for FY 2014-15)

Click here to Download the Master of Form 16 Part B ( For 100 employees) for the Financial Year 2014-15( This Utility can prepare at a time 100 employees Form 16 Part B for FY 2014-15)

Saturday 20 December 2014

As per the CBDT Notification that the Form 16 Part A is mandatory to download from the TRACES PORTAL ( www.tdscpc.gov.in) . Most of Deductor have not yet know know how to download the Form 16 Part A from the TRACES Portal. It is most easy to download the Part A of Form 16 and Form 16 A.

First Log In  the TRACES Portal as a Deductor. If you yet not Register your TAN by this TRACE Portal then you first Register your TAN in this Portal and after Register Log in  as a Deductor. After Log In you should download the Form 16 Part A. Below given the Picture of the TRACES Portal. But the Form 16 Part B is mandatory to prepare by the Deductor. Part A can you Download from the Portal but the Part B must be prepare by the deductor which Part B have in the all details of Salary of an employee. 

If you have need Excel Based Income Tax preparation Software for the Financial Year 2014-15, which can prepare at a time Tax Computed Sheet + Individual Salary Sheet + Automatic Form 16 Part B + Automatic Form 16 Part A&B + Automatic Arrears Relief Calculator + Form 10E + Automatic HRA Exemption Calculation in a single File. 

Click here to Download the utility

Wednesday 3 December 2014

All in One Income Taxpreparation Excel Based Software for West Bengal Govt employees For Ass Yr2015-16( This Excel Utility can prepare at a time your Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automated HRA Calculation + Form 16 Part A&B and Part B)

                      Snapshot of Main Data Input Sheet
  Snapshot of Salary Structure of W.B.Govt employees
                              Snapshot of Salary Sheet

                            Snapshot of Form 16 Part B
                           Snapshot of Form 16 Part A&B

The Financial Year have already started since the 1/4/2014 and which will be end of March 2015. In this Financial year have already passed the New Central Finance Bill and some Income Tax Section introduce to the Income Tax Payers ( All Salaried Persons). It is observed that the Income Tax Slab has  changed up to Rs. 2.5 Lakh and the Section 80C also Raised up to Rs. 1.5 Lakh in this Financial Year 2014-15, Tax Slab For Men and Women is Rs. 2,50,000/- = NIL and 2,00,001 to 10,00,000/- Tax @ 10% and above 10,00,000/- @ 20%.  
The New Income Tax Section started from the Financial Year 2013-14 is given below:-
Section 87A Tax Rebate Rs. 2,000/- who's Taxable Income not more than 5,00,000/-
Section 80EE, House Building Loan Interest who's HBL interest started since 1/4/2013 Max Rs. 1,00,000/- additional amount of U/s 24 B.
Download the utility from below link.

Sunday 3 August 2014

Click here to Download Automated new amended Format of Form 16 Part A&B and Part B for the Financial Year 2014-15( This Excel Based Software can prepare One by One Form 16) for the Assessment Year 2015-16

At a Glance Under Section 80DDB for Medical Treatment as per the Income Tax Rules 11DD:-

The deduction u/s 80DDB is available if the expenses for the medical treatment of specified disease or ailment is incurred by assessee on himself or on dependent. The specified disease for the purpose of section 80DDB is prescribed in Rule 11DD as under:- 11DD. (1) For the purposes of section 80DDB, the following shall be the eligible diseases or ailments :-   

(i) Neurological Diseases where the disability level has been certified to be of 40% and above,  (a) Dementia ;    
(b) Dystonia Musculorum Deformans ;    
(c) Motor Neuron Disease ;    
(d) Ataxia ;    
(e) Chorea ;    
(f) Hemiballismus ;    
(g) Aphasia ;    
(h) Parkinsons Disease ;    
(i) Malignant Cancers;    
(ii) Full Blown Acquired Immuno-Deficiency Syndrome (AIDS) ;    
(iii) Chronic Renal failure ;    
(iv) Hematological disorders :    
(v) Hemophilia ;    
(vi) Thalassaemia.

The amount of deduction allowable under section 80DDB is the expenditure actually incurred or Rs. 40,000/- (Rs. 60,000/- for senior citizen) whichever is lower. 

Click here to Download Automated new amended Format of Form 16 Part A&B and Part B for the Financial Year 2014-15( This Excel Based Software can prepare One by One Form 16) for the Assessment Year 2015-16