On May 02, 2016
by www.taxexcel.net
Showing posts with label Income Tax Calculator for the Financial Year 2015-16. Show all posts
Showing posts with label Income Tax Calculator for the Financial Year 2015-16. Show all posts
Monday 2 May 2016
Thursday 7 January 2016
Download the Automated All in One TDS on Salary for All State Govt Employees for Financial Year 2015-16
[ This Excel Based Software can prepare at a time your Tax Compute
Sheet + Individual Salary Structure + Individual Salary Sheet +
Automatic HRA Calculation U/s 10(13A) +Automatic Form 16 Part A& B
and Automatic Form 16 Part B as per the new Finance Budget 2015]
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| Deductor & Employee Details |
Employee Salary Structure
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| Employee Tax Computed Sheet |
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| Form 16 Part A&B |
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| Employees Individual Salary Sheet |
No
changes in tax slab rate for the F.Y.2015-16. The tax free income remains 2.5
lakh. There is some concession in medical insurance. But 80C limit of Rs 1.5
lakh will remain for another one year. Rather income tax surcharge is
increased. However, investment in New Pension Scheme will give you extra
tax saving.
- You can get extra tax deduction up to Rs 50,000 by investing in New Pension Scheme U/s 80CC i.e. Total Deduction can get Rs. 1.5 Lakh
- The tax deduction limit for health insurance is also increased 25,000/- for below 60 years of age and For the senior citizen this limit is now Rs 30,000/-.
- Senior citizens who are older than 80 years and don’t have any health insurance, can claim tax deduction on medical expense of Rs 30,000.
- From the financial year 2015-16 the the riches would have to pay more tax as surcharge is increased to 12%. Earlier it was 10%. Surcharge is levied upon those who earn more than Rs one crore in a year.
- Transport Allowance exemption limit is increased to 1,600/month. & For Phy.disable Person can get Rs.3200/- Per month
Friday 31 July 2015
Click to Download Income Tax Master of Form 16 Part B with 24Q and 26Q All Quarters for the Financial Year 2015-16 and Assessment Year 2016-17( This Utility can prepare at a time 50 employees Form 16 Part B with 24Q & 26Q for the Financial Year 2015-16 as per the New Income Tax Slab)
The Financial Year 2014-15 and Assessment Year 2015-16 have already gone and the New Financial Year 2015-16 and Assessment Year 2016-17 have already started since 1st April 2014 to 31st March 2016.
The CBDT have already changes the Format of Income Tax Form 16 and this Form 16 have in the two parts one is Form 16 Part A which is mandatory to download from the TRACES PORTAL(www.tdscpc.gov.in) and another Part of Form 16 Part B is must be prepared by the employer. In this Part B have the all details of employee's Salary and benefits.
The Income Tax Challan 24Q (For Govt Concerned) and 26 Q(For Non Govt Concerned) also prepare for submitting the each Quarter end by this Challan this 24Q and 26Q by the employer. Now it comes the 1st Quarter Cahallan submit date in the June 2014 and you have to prepare and submit your employees Quarter wise return to the Income Tax Department for the Financial Year 2015-16.
Below given Excel Based Automated Form 16 Part B with the Challan 24Q and 26Q for the all quarters for the Financial Year 2015-16 and Assessment Year 2016-17. This Utility can help and reduce your time for preparation of 24Q or 26Q with Form 16 Part B.
Click here to Download Income Tax Master of Form 16 Part B with 24Q and 26Q All Quarters for the Financial Year 2015-16 and Assessment Year 2016-17( This Utility can prepare at a time 50 employees Form 16 Part B with 24Q & 26Q for the Financial Year 2015-16 as per the New Income Tax Slab)
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