As per the Income Tax Department's New Notification No 11/2013 dated 19/2/2013, the format of Form 16 have already Changed. This Form 16 have divided in two part one of Part A and another Part B. Also this new Form 16 have made some exclusive change and have more column like as Match/Mismatch. Below given the some of the Notification about the New amended Form 16 :-
Showing posts with label Income Tax Form 16 for F.Y.2015-16. Show all posts
Showing posts with label Income Tax Form 16 for F.Y.2015-16. Show all posts
Tuesday 15 March 2016
Wednesday 2 March 2016
What’s form 16 ? Why Form 16 needs to each employees :-
Form 16 is a document which is issued by the employer to employee certifying the details of salary one has earned during the year and the amount of TDS deducted.
Form 16 is a proof of income and tax deduced by the employers. It is needed for the purpose of filing returns.
It’s mandatory to file the income tax returns by 31st July of every financial year ,in case of salaried assessees. In order to file the ITR, it is necessary to have the Form 16 document, issued by employer.
Form 16 consists of complete details related to salary paid by the employer of the assessee along with necessary adjustments for income tax.
Form 16 contains the details of tax deducted and the bank where the deducted tax is deposited into the central government account. Generally This certificate is issued at the end of the financial year.
Download Income Tax Form 16 Part B for F.Y.2015-16 [ This Excel Based Software can prepare at a time 50 employees Form 16 Part B ]
Download Income Tax Form 16 Part A&B for F.Y.2015-16 [ This Excel Based Software can prepare at a time 100 employees Form 16 Part A&B]
Parts of form 16 :
1) Part – A :
This part contains details like
1. Name and address of employee
2.Name and address of employer.
3.Details of TAN
4.Details of PAN
5.Details of Employment
6. Details of TDS Deducted
7. Details of bank in which TDS is deposited.
2) Part – B :
This part contains the information related to employee’s total income and tax like
1.Salary paid
2.Details of income from other heads
3. Deductions allowed
4.Tax payable.
More than One Form :
if you have worked in two different organization in a single year then you have to collect two different Form 16s from the two employers in order to file the IT returns.
Revised form 16 :
After obtaining the form 16 from the employer assessee has to cross check the figures in the form 16 with the income statement submitted by him to his employer for TDS purpose.
If there are any mistakes like some deductions might not have been considered and some deductions u/s 80 might not be taken into account. In such case one has to consult his employer and and request for Revised form 16 after correcting all the details in the form.
Wednesday 24 February 2016
The time is now prepare the Income Tax Salary Certificate Form 16 Part B for the Financial Year 2015-16 and Assessment Year 2016-17. This Form 16 Part B must be given to the employees by the employer within April-2016, so the employee can fill the Income Tax Return to the Income Tax Department for the Financial Year 2015-16.
As per the CBDT Notification that the Form 16 Part A is mandatory to download from the Traces Portal ( www.tdscpc.gov.in), and the Form 16 Part - B must be prepare by the Employer/Deductor. In this regard this time is the end of the Financial Year 2015-16 and must be prepare the Form 16 Part B by the Deductor or Employer of Govt and Non-Govt Concerned.
Some of the Concerned have not able to download the Form 16 Part A from the Traces Portal, either they have no Internet Connection or they have no concept how to Download the Form 16 Part A from the Traces Portal. So they can used the New Amended Form 16 format Part A and B both, although the CBDT is clearly mentioned that the Manual Form 16 Part A can not be accepted.
Below given the Automated Excel Based Income Tax TDS Certificate Form 16 Part B for the Financial Year 2015-16, which can prepare and calculate the actual Income Tax as per the Finance Budget 2015-16. Also given below the Form 16 Part A and B both ( Who have not able to download the Form 16 Part A from the Traces Portal).
Feature of this Excel Utility :-
- Automatic Calculate the Income Tax liability after filling some salary data.
- Automatic Prepare at a time 100 employees Form 16 Part B for F.Y.2015-16
- Automatic Prepare at a time 50 employees Form 16 Part B for F.Y.2015-16
- Automatic Prepare at a time 100 employees Form 16 Part A &B for F.Y.2015-16
- Automatic prepare at a time 50 employees Form 16 Part A&B for F.Y.2015-16
- Automatic Convert the Amount in to the In-Words
- All the Amended Income Tax Section have in these Excel Utility
- Easy to fill and easy to install in any computer
- This Excel Utility can Use both of Govt and Non-Govt Concerned
- For more Income Tax Form 16 or Income Tax Software visit http://www.taxexcel.net
1) Download 100 employees Master of Form 16 Part B for F.Y.2015-16 ( Prepare at a time 100 employees Form 16 Part B)
2) Download 50 employees Master of Form 16 Part B for F.Y.2015-16 ( Prepare at a time 50 employees Form 16 Part B)
3) Download One by One Form 16 Part B for F.Y.2015-16 ( This Utility can prepare One by One Form 16 Part B)
4) Download 100 employees Master of Form 16 Part A&B for F.Y.2015-16 ( Prepare at a time 100 employees Form 16 Part A&B)
5) Download 50 employees Master of Form 16 Part B for F.Y.2015-16 ( Prepare at a time 50 employees Form 16 Part A&B)
6) Download One by One Form 16 Part A&B and Part B for F.Y.2015-16 ( Prepare One by One Form 16 Part A&B and Part B)
More details about any Income Tax Software you can visit http://www.taxexcel.net
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