Download Automated Master of Form 16 Part B with 24Q & 26Q for the Financial Year 2014-15 & Ass Yr 2015-16 ( This Excel Based Utility can prepare at a time 50 employees Form 16 Part B with 24Q & 26Q as per the latest Finance Budget)

UNDER SECTION 80TTA (Savings Bank Interest Exemption Max Rs. 10 Thousand)

Under the proposed new section 80TTA of the Income-tax Act, a deduction up to an extent of ten thousand rupees in aggregate shall be allowed to an assessee, being an individual or a Hindu undivided family, in respect of any income by way of interest on deposits (not being time deposits) in a savings account with—

      Banking company to which the Banking Regulation Act, 1949 (10 of 1949),          applies           (including any bank or banking institution referred to in section 51 of that Act); Co-operative         society engaged in carrying on the business of banking (including A Co-operative land                 or   tgage k or a co-operative land development bank); or Post office, as defined in clause (k)     of section 2 of the Indian Post Office Act, 1898 (6 of 1898).

However, where the aforesaid income is derived from any deposit in a savings account held by, or on behalf of, a firm, an association of persons or a body of individuals, no deduction shall be allowed in respect of such income in computing the total income of any partner of the firm or any member of the association or body.

This amendment will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year 2013-14 and subsequent assessment years. Thus this Section is continue in this Financial Year 2014-15 also.

Download Automated Master of Form 16 Part B with 24Q & 26Q for the Financial Year 2014-15 & Ass Yr 2015-16 ( This Excel Based Utility can prepare at a time 50 employees Form 16 Part B with 24Q & 26Q as per the latest Finance Budget)

On July 28, 2014 by www.taxexcel.net

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Click here to Download the Automated Income Tax Challan 24Q & 26Q in Excel for the Financial Year 2014-15 as per the New Finance Budget Slab 2014-15

There are very much changes in the calculation of income tax for the financial year 2014-15 and the Assessment  year 2015-16. The middle class of Salaried Person will be happy to raising the Income Tax Slab from 2,00,000/- to 2,50,000/- and also enhance the Maximum Limit of Income Tax Section 80 C ( Maximum Limit from 1,00,000/- to 1,50,000/-).Also the Sr.Citizen Income Tax Slab enhance from 2,50,000/- to 3,00,000/-

As per the Income Tax Rules it is mandatory to submit the each quarter ended Challan 24Q for Govt Concerned and 26Q for Non Govt Concerned, where in the Challan have all the details of employee’s TDS Deducted and deposited in to the Central Govt Account. Most of the Concerned have not known how to fill  this Challan as well as they have no concept about this Challan. Also it is noted that the Format of Income Tax Challan 24Q and 26Q has already changed by the CBDT Vide Notification No. 3/2/2013. 

If you are a Govt or Non Govt Concerned, you have must to submit the each quarter ended Challan with the details of Tax Deducted and Deposited the Income Tax.

This Excel Based Automated 24Q and 26Q which can prepare at a time 50 employees 24Q and 26Q with the Income Tax Calculation for the Financial Year 2014-15 and Assessment Year 2015-16.

Feature of this Utility :-
Automatic Prepare all quarter’s Challan 24Q and 26Q just a moment
Auto detect the double entry of Pan Number and Name of Employee
This utility prepare at a time 50 employees 24Q and 26Q

This Challan as per the  format of New Amended Format by the CBDT vide Notification No.11/2013

Click here to Download the Automated Income Tax Challan 24Q & 26Q in Excel for the Financial Year 2014-15 as per the New Finance Budget Slab 2014-15

On July 12, 2014 by www.taxexcel.net

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