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Showing posts with label Form 16 for Financial Year 2016-17. Show all posts
Showing posts with label Form 16 for Financial Year 2016-17. Show all posts

Saturday, 12 November 2016

Click here to Download Automated new amended Format of Form 16 Part A&B and Part B for the Financial Year 2016-17 & Assessment Year 2017-18


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 the 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.80,000/- for senior citizen) whichever is lower. 

Click here to Download Automated new amended Format of Form 16 Part  B for the Financial Year 2016-17 & Assessment Year 2017-18

Sunday, 16 October 2016

All in One Income Tax preparation Excel Based Software for West Bengal Govt employees For F.Y. 206-07 ( 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)


The Financial Year have already started since the 1/4/2016 and which will be the end of March 2017. 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 2016-17, 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/- @30%.  
The New Income Tax Section started from the Financial Year 2013-14 is given below:-
Section 87A Tax Rebate Rs. 5,000/- 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. 1,50,000/- additional amount of U/s 24 B.