Click here to Download Automated Form 16 Part A&B  which can prepare at a time 100 employees form 16 Part A&B for F.Y.2015-16. [This Excel Based software can use the both of Govt and Non Govt Concerned for the Financial Year 2015-16. In this Utility have the Section 80CCD(1) AND 80CCD(2) WITH NEW TAX BENEFITS AS PER BUDGET 2015]

Feature of this Utility:-

• Automatic Prepare at a time 100 employees Form 16 Part A&B For F.Y.2015-16
• Automatic Calculate Income tax 
• Prevent the double entry of PAN and Employee's Name
• This Excel Based Utility most easy to generate and use 
• Who can generate this utility
• This Utility can use both of Govt and Non Govt Concerned

Section 80CCD(1) allows an employee, being an individual employed by the Central Government or any other employer, on or after the 01.01.2004, a deduction of an amount paid or deposited out of his income chargeable to tax under a pension scheme as notified vide Notification F. N. 5/7/2003- ECB&PR dated 22.12.2003 or as may be notifed by the Central Government. However, the deduction shall not exceed an amount equal to 10% of his salary(includes Dearness Allowance but excludes all other allowance and perquisites).

As per Section 80CCD(2), where an employee receives any contribution in the said pension scheme from the Central Government or any other employer then the employee shall be allowed a deduction from his total income of the whole amount contributed by the Central Government or any other employer subject to limit of 10% of his salary of the previous year.

However, if any amount is standing to the credit of the employee in the pension scheme referred above and deduction has been allowed as stated above and the employee or his nominee receives this amount together with the amount accrued thereon, due to the reason of

(i) Closure or opting out of the pension scheme or

(ii) Pension received from the annuity plan purchased and taken on such closure or opting out then the amount so received during the FYs shall be the income of the employee or his nominee for that Financial Year and accordingly will be charged to tax.

Where any amount paid or deposited by the employee has been taken into account for the purposes of this section, a deduction with reference to such amount shall not be allowed under section 80C.

Further it has been specified that w.e.f 01.04.09 that any amount received by the employee from the new pension scheme shall be deemed not to have received in the previous year if such amount is used for purchasing an annuity plan in the previous year.

It is emphasized that as per the section 80CCE the aggregate amount of deduction under sections 80C, 80CCC and Section 80CCD(1) shall not exceed Rs.1,50,000/-. However the contribution made by the Central Government or any other employer to a pension scheme u/s 80CCD(2) shall be excluded from the limit of Rs.1,50,000/- provided under this Section.

On April 28, 2016 by www.taxexcel.net

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On February 12, 2016 by www.taxexcel.net

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What is Form 16:

 If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. Therefore Form 16 is a certificate issued to you by your employer stating the Personal details of the Employee including Name, Permanent Account Number (PAN) etc , details of the salary you have earned, Perquisites that has been offered, allowances given , details of Chapter VIA deductions and the tax deducted on your salary by your Employer and paid to the government. It also has Employer details like Name, permanent account number PAN, TAN etc.

On February 05, 2016 by www.taxexcel.net

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The new Financial Year 2015-16 has already start since 1st April 2015 and which will be end of March 2016. All the concerned have already calculate the Income Tax for their employees and also deducted Tax from their Salary  and deposited the same to the Central Govt Account.

      Now it is necessary to prepare and distribute the Form 16 to the concern employee so they can fill the Income Tax Return in due time. As per the Income Tax time schedule it is mandatory to prepare and supply the Form 16 to the employees with April 2016. So you should ready to prepare the Form 16 for the Financial Year 2015-16 and Assessment Year 2016-17.

     As per the CBDT new Notification 11/2013 the format of Form 16 have already changed. In this New Format of Form 16 have two parts. One is Part A and another is Part B. In Form 16 Part A have the all details of Tax deducted and deposited to the Central Govt respective account, and Form 16 Part B have the all details of Salary of employee. It is also Notifies by the CBDT that the Form 16 Part A mandatory from the Income Tax New Web Site TRACES Portal (www.tdscpc.gov.in), and the Part B of Form 16 must be prepare by the Employer. If you have not known that how to Download the Form 16 Part A from the Tracess Portal, CLICK HERE to view "How to Download Form 16 Part A". But most of Concerned have not well known about this new Notification or they can not be able to download the Form 16 Part A from the Tracess Portal. In this regard they have need to prepare both of Form 16 Part A&B both.

Here is given below the Automated Form 16 Part B and Automated Form 16 Part A&B for the Financial Year 2014-15 and Assessment Year 2015-16 which can prepare at a time 50,100 and One by One Form 16 Part A&B and Part B for the Financial Year 2015-16 & Assessment Year 2016-17 with all amended Income Tax Section by the Finance Budget 2015-16.

Feature of this Excel Based Form 16 Preparation Software :-

• This Excel Based Software can prepare more than 1000 employees Form 16 Part B or Part A&B. 
• All the New Income Tax Section have in this Excel Utility. 
• The New Tax Rebate U/s 87A 
•  80TTA for exemption of Savings Bank Interest up to Rs. 10,000/-. 
• Automatic Calculate the Income Tax as per the Slab
• Automatic Prepare the Form 16 Part A&B and Part B both can use Govt and Non-Govt Concerned.
• Automatic convert the Amount in to the In Words ( No need to manually fill the in figure of Amount)
• Some Income Tax Section has already raised by the Finance Budget 2015 and have in this all Excel Utility.

Download the Form 16 preparation Excel Based  Software from the below given link :-

1) Prepare at a time 50 employees Master of Form 16 Part B for FY 2015-16 [ This Excel Utility can prepare at a time 50 employees Form 16 Part B for FY 2015-16] 

Employees Salary Statement

2)Prepare at a time 50 employees Master of Form 16 Part A&B for FY 2015-16 [This Excel Utility can prepare at a time 50 employees Form 16 Part A&B] 

3)Prepare at a time 100 employees Master of Form 16 Part B for FY 2015-16 [ This Excel Utility can prepare at a time 100 employees Form 16 Part B] 

4)Prepare at a time 100 employees Master of Form 16 Part A&B for FY 2015-16 [ This Excel Utility can prepare at a time 100 employees Form 16 Part B]

5) One by One Prepare Automatic Form 16 Part A&B and Part B for F.Y. 2015-16 [This Excel Utility can prepare both Form 16 part A&B and Part B ] 

5)Prepare at a time 50 employees Automatic Form 16 Part B with 12 BA and Part B for F.Y. 2015-16 [This Excel Utility can prepare both Form 16 part B with 12 BA for F.Y. 2015-16 ]

On January 05, 2016 by www.taxexcel.net

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Click here to Download Automated Form 16 Part A&B  which can prepare at a time 100 employees form 16 Part A&B for F.Y.2015-16. [This Excel Based software can use the both of Govt and Non Govt Concerned for the Financial Year 2015-16. In this Utility have the Section 80CCD(1) AND 80CCD(2) WITH NEW TAX BENEFITS AS PER BUDGET 2015]

Feature of this Utility:-

• Automatic Prepare at a time 100 employees Form 16 Part A&B For F.Y.2015-16
• Automatic Calculate Income tax 
• Prevent the double entry of PAN and Employee's Name
• This Excel Based Utility most easy to generate and use 
• Who can generate this utility
• This Utility can use both of Govt and Non Govt Concerned

Section 80CCD(1) allows an employee, being an individual employed by the Central

Government or any other employer, on or after the 01.01.2004, a deduction of an amount paid

or deposited out of his income chargeable to tax under a pension scheme as notified vide

Notification F. N. 5/7/2003- ECB&PR dated 22.12.2003 or as may be notifed by the Central

Government. However, the deduction shall not exceed an amount equal to 10% of his

salary(includes Dearness Allowance but excludes all other allowance and perquisites).

As per Section 80CCD(2), where an employee receives any contribution in the said pension

scheme from the Central Government or any other employer then the employee shall be

allowed a deduction from his total income of the whole amount contributed by the Central

Government or any other employer subject to limit of 10% of his salary of the previous year.

However, if any amount is standing to the credit of the employee in the pension scheme

referred above and deduction has been allowed as stated above and the employee or his

nominee receives this amount together with the amount accrued thereon, due to the reason of

(i) Closure or opting out of the pension scheme or

(ii) Pension received from the annuity plan purchased and taken on such closure or opting

out then the amount so received during the FYs shall be the income of the employee or his

nominee for that Financial Year and accordingly will be charged to tax.

Where any amount paid or deposited by the employee has been taken into account for the

purposes of this section, a deduction with reference to such amount shall not be allowed under

section 80C.

Further it has been specified that w.e.f 01.04.09 that any amount received by the employee

from the new pension scheme shall be deemed not to have received in the previous year if such

amount is used for purchasing an annuity plan in the previous year.

It is emphasized that as per the section 80CCE the aggregate amount of deduction under

sections 80C, 80CCC and Section 80CCD(1) shall not exceed Rs.1,50,000/-. However the

contribution made by the Central Government or any other employer to a pension scheme u/s

80CCD(2) shall be excluded from the limit of Rs.1,50,000/- provided under this Section.

On November 06, 2015 by www.taxexcel.net

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Click here to Download Automated Form 16 Part A&B  which can prepare at a time 100 employees form 16 Part A&B for F.Y.2015-16. [This Excel Based software can use the both of Govt and Non Govt Concerned for the Financial Year 2015-16. In this Utility have the Section 80CCD(1) AND 80CCD(2) WITH NEW TAX BENEFITS AS PER BUDGET 2015]

Feature of this Utility:-

• Automatic Prepare at a time 100 employees Form 16 Part A&B For F.Y.2015-16
• Automatic Calculate Income tax 
• Prevent the double entry of PAN and Employee's Name
• This Excel Based Utility most easy to generate and use 
• Who can generate this utility
• This Utility can use both of Govt and Non Govt Concerned

Section 80CCD(1) allows an employee, being an individual employed by the Central Government or any other employer, on or after the 01.01.2004, a deduction of an amount paid or deposited out of his income chargeable to tax under a pension scheme as notified vide Notification F. N. 5/7/2003- ECB&PR dated 22.12.2003 or as may be notifed by the Central Government. However, the deduction shall not exceed an amount equal to 10% of his salary(includes Dearness Allowance but excludes all other allowance and perquisites).

As per Section 80CCD(2), where an employee receives any contribution in the said pension scheme from the Central Government or any other employer then the employee shall be allowed a deduction from his total income of the whole amount contributed by the Central Government or any other employer subject to limit of 10% of his salary of the previous year.

However, if any amount is standing to the credit of the employee in the pension scheme referred above and deduction has been allowed as stated above and the employee or his nominee receives this amount together with the amount accrued thereon, due to the reason of

(i) Closure or opting out of the pension scheme or

(ii) Pension received from the annuity plan purchased and taken on such closure or opting

out then the amount so received during the FYs shall be the income of the employee or his nominee for that Financial Year and accordingly will be charged to tax.

Where any amount paid or deposited by the employee has been taken into account for the purposes of this section, a deduction with reference to such amount shall not be allowed under section 80C.

Further it has been specified that w.e.f 01.04.09 that any amount received by the employee from the new pension scheme shall be deemed not to have received in the previous year if such amount is used for purchasing an annuity plan in the previous year.

It is emphasized that as per the section 80CCE the aggregate amount of deduction under sections 80C, 80CCC and Section 80CCD(1) shall not exceed Rs.1,50,000/-. However the contribution made by the Central Government or any other employer to a pension scheme u/s 80CCD(2) shall be excluded from the limit of Rs.1,50,000/- provided under this Section.

On October 05, 2015 by www.taxexcel.net

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