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Showing posts with label New Amended Form 16. Show all posts
Showing posts with label New Amended Form 16. Show all posts

Saturday 21 January 2017

The Income Tax Department have already published the New Amended Format of Form 16 and this Form 16 have in two parts. One is Part A which is mandatory to download from the WWW.TDSCPC.GOV.IN  and the Part B is mandatory to prepare by the employer/deductor. 


In Form 16, Part A have all details of Tax Deducted amount which is deposited into the Central Govt and in Form 16 Part B have the salary details of employee.

The previous format of Form 16 has already changed by the CBDT dated on 19/2/2013 and the new format of Form 16 Part A and B already published by the CBDT. You can download the New format of Form 16 Part A and B from the Income Tax Department Web Site.

Given below the all of Form 16 Part B and Form 16 Part A&B in Excel Format which can prepare at time 50 employees Form 16 Part B and Form 16 Part A&B. These all of Excel Based Form 16 is fully automated, just put the employees Salary Details in Data input sheet and Salary Sheet, the Form 16 Part B and Part A will be prepared automatically. Now you can easily Print the Form 16 Part B or Part A&B as you like.

Main feature of this utility
  • You can prepare the Form 16 Part B ( One by One) 
  • You can prepare the Form 16 Part A&B (One by One)
  • All the Income Tax Section have those all Excel Utility with a brief of each section
  • Fully automated Form 16 in Amended Format

Friday 20 March 2015

This is the common demand regarding issuing of Form-16 by the Employer to Employee, even if Employer not deduct any Tax from drawn salary.  What shall happen when Employee want's his Salary Certificate Form-16 for the same year.  In such situation Employer is liable to issue Form-16 to each and every who have already hold the PAN Card.

Click here to Download Automated Form 16 Part A&B for Financial Year 2014-15 [This Excel utility prepare at a time 100 employees  Form 16]

However your employer must issue a salary Certificate Form 16 who are already hold the PAN Card as per the Income Tax Instruction. Income Tax  Certificate (Form-16) is  applicable to such employee who have submit his Income like as salary or other income (any amount) not deducted or not, during current Financial Year.  If the Employee deduct any amount of Tax during Financial Year, Form-16 must be issued to Employee u/s. 203 of Income Tax Act.



As per the Reserve Bank of India has already circulate to the all Nasalized Bank for issuing the form 16 to the Pension Holder. 

This Salary Certificate is most important to PAN Holder who have working in any sector, any employee who’s Tax not Payable or not fall in to the Income Tax Slab, but he is get the Form 16 as his/her proof of Income, which is need for various purpose.

When any employee willing to get the Bank Loan from any Bank of Branch, the respective Bank asking the Salary Certificate Form 16 as he fall the Tax Slab or not. But the Bank’s requirement the Salary Certificate for giving the Bank Loan either he/she can not be able to get the Bank’s Loan.

Given below the Automated Form 16 Preparation Excel Based Software for the Financial Year 2013-14 and Assessment Year 2014-15

1) Click here to download Automatic Form 16 Part A&B and Part B For FY 2014-15( This utility Can prepare One by One Form 16)

2) Click here to download Master of Form 16 Part A&B For FY 2014-15( This Utility Can prepare at a time 50 employees Form 16 Part A&B)

Friday 13 February 2015

Click here to Download All in One Master of Form 16 Part B for the Financial Year 2014-15 and Assessment Year 2015-16     [ This Utility can prepare at a time 50 employees Form 16 Part B with Individual Salary Structure for Govt and Non-Govt Employees]

                        Salary Structure of Govt & Non Govt employees 
Income Tax Section wise deduction sheet
Snapshot of Form 16 Part B

The Finance Budget for the Financial Year 2014-15 has already passed and major changes in this Budget that the Income Tax Slab has raised from 2 lakh to 2.5 Lakh and Limit of 80 C raised up to Rs.1.5 Lakh,  also it is available the Tax Rebate Rs.2,000/- U/s 87A and the Savings Bank Interest up to Rs. 10 thousand U/s 80TTA also can get the benefits in this Financial Year 2014-15

As per the latest Income Tax Slab for the Financial Year 2014-15 and Assessment Year 2015-16, prepared the Income Tax Preparation Excel Based Software which can prepare at a time 50 employees Individual Salary Structure for easy to calculate the Gross Salary Income of each of 50 employees at a time with Automated prepare the Form 16 Part B for the Financial Year 2014-15 and Assessment Year 2015-16.

This Excel Based Software can prepare at a time 50 employees Form 16 Part B with the Individual Salary Structure for each employees and auto calculate the Income Tax and prepare automatic prepare the Form 16 Part B ( Amended Format)

Most of the Govt and Non-Govt Concerned has huge quantity of Tax Payers and it is laborious to Calculate the Income Tax of each employees and Prepare the Form 16 Part B, if you prepare One by One Calculation with the Employees Salary, Basic Pay + Grade Pay and other benefits, it will take time to calculate the Income Tax and also take time to prepare the Form 16 for the employees. But if you have one unique Excel Based Software which can prepare all the Calculation in a single file with the Form 16 Part B, just a moment after filling the employees details, it will be helpful to all Govt and Non Govt Concerned. This Utility can reduce your time and Calculate and prepare the Form 16 Part B within short time. 

Main Feature of this Utility :-

  • This utility can used for both of Non-Govt and Govt Concerned Employee
  • Automatic Prepare at a time 50 employees Form 16 Part B for the FY 2014-15
  • In built the Salary Structure of each employees, for easy to calculate the Gross Salary Income
  • Individual Salary Sheet have in this Utility
  • Prevent the double entry of Name and Pan Number
  • Automatic Convert the Amount in to the In words
  • All in the latest Income Tax Section have in this utility as per Budget 2014-15

Click here to Download All in One Master of Form 16 Part B for the Financial Year 2014-15 and Assessment Year 2015-16    [ This Utility can prepare at a time 50 employees Form 16 Part B with Individual Salary Structure for Govt and Non-Govt Employees]

Saturday 1 November 2014

Click above link to Download the All in One TDS on Salary for Private Employees for the Financial Year 2014-15
 The Income Tax Department (CBDT) have already changed the format of Form 16 dated 19/02/2013 and also Mandatory to download the Form 16 Part A from the TRACES portal. Previously we saw the Form 16 Part A & Part B in one sheet. But it is clear that the Part A, where TDS on Salary of an employee and Part B must be prepare by the Employer or deductor. Some brief is given below the CBDT Notification:

Here is also given below the unique Excel Based Income Tax preparation software which can prepare at a time the employees Salary Sheet + Automatic Calculation of House Rent Exemption + Arrears Relief + Form 16 for the Financial Year 2013-14 and Assessment Year 2015-16. This Excel Utility Only for Private Concerned Employees

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii) of dated the 19th February, 2013]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES)

New Delhi, the 19th February, 2013

NOTIFICATION

INCOME-TAX


S.O.410 (E).— In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—

1. (1) These rules may be called the Income-tax (2nd Amendment) Rules, 2013.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962, (hereinafter referred to as the said rules) in rule 31A,—

(a)                in sub-rule (3),—
(A) in clause (i), for item (b), the following items shall be substituted, namely:—
“(b) furnishing the statement electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5);

(c) furnishing the statement electronically along with the verification of the statement in Form 27A or verified through an electronic process in accordance with the procedures, formats and standards specified under sub-rule (5)”;

(B)              in clause (ii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;
(C)              in clause (iii), for the words, brackets and letters “item (b) of clause (i)”, the words, brackets and letters “item (b) or item (c) of clause (i)” shall be substituted;
(b)   after sub-rule (3), the following sub-rule shall be inserted, namely:—
“(3A) A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5).”;
(c) in sub-rule (4), after clause (vii), the following clause shall be inserted, namely:— “(viii) furnish particulars of amount paid or credited on which tax was not deducted in view of the notification issued under sub-section (1F) of section 197A.”;
(d) for sub-rule (5), the following sub-rule shall be substituted, namely:—
“(5) The Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified.”.

3.  in rule 31AA of the said rules,—
Download All in One for Private Concerned Employees For FY 2014-15 from the below link

Wednesday 11 June 2014

Part A of Form16 to be generated from TRACES portal only & Part B must be prepare by the Employer.
Download from below link the Automated Form 16 Part B for FY 2013-14

2) Click here to Download Master of Form 16 Part B (which can prepare at a time 50 employees Form 16 Part B for FY 2013-14)

3) Click here to Download Automated Master of Form 16 Part B with 12 BA( Which can prepare at a time 50 employees Form 16 Part B with 12 BA for FY 13-14)

The new Form16 notified recently by Income Tax Department (Notification No. 11/2013 dated 19/02/2013) is applicable for FY 2012-13. The new Form16 contain two parts, Part A and Part B (Annexure). Part A contains details of Tax Deduction and Challan deposit details whereas Part B contains the Income details.
Further, it is made mandatory to all Deductors (including Government Deductors who deposit TDS in Central Government Account through book entry) that, the Part A of Form 16 shall be generated only by downloading it through TRACES Portal (https://www.tdscpc.gov.in), for all the deductions done on or after 01/04/2012 under section 192 (Salary Income), and issued duly authenticating it either manually or with digital signature.

Part B of Form16, shall be prepared by Deductor manually and issued along with Part A duly verified and authenticated in accordance with Part A details.
Refer CIRCULAR NO. 04/2013 dated 17th April 2013 stating the above.

Direct Download New Amended Excel Based Automated Form 16 Part B for the Financial Year 2013-14 and Assessment Year 2014-15 from the below link :-

1) Click here to Download One by One Preparation Form 16 Part B For FY 2013-14

2) Click here to Download Master of Form 16 Part B (which can prepare at a time 50 employees Form 16 Part B for FY 2013-14)

3) Click here to Download Automated Master of Form 16 Part B with 12 BA( Which can prepare at a time 50 employees Form 16 Part B with 12 BA for FY 13-14)

Saturday 10 May 2014

You can Download the Automated Form 16 Part B from the below Link. If you have not able to Download the Form 16 Part A from the TRACES Portal, you can also Download the both of Form 16 Part A& B from the below Link.

Click here to Download the Form 16 Part B  for the FY 2013-14

Now it is time to submit TDS return within 15-05-2014 for Non-Government Deductors and 31-05-2014 for Government Deductors.   Deductors should submit their return in time to avoid Late filing Fee under section 234E.  In case deductors are facing some problem in their data they should submit either partial or Nil-Return as 24Q4 in time so that Late Filing fee may not be charged by Income Tax Department and further correction can be done as required. You can look the Format of Form 16 Part A from the below Snap Shot of Part A :-

 Second step after filing TDS return is issuance of TDS certificate in Form 16.   After addition two new fields like Reported income of previous employer or Reported Tds with previous employer in calculator sheet, Form 16 was not working properly.  Now the Form 16 Part A can be  download  from the TRACES Portal www.tdscpc.gov.in  and can be used as Form 16 Part A

Now you have to prepare the Form 16 Part B as per the Income Tax New  Notification bearing no 11/2013, that the employees Salary Details which is given and stated in this Part B of Form 16 and it is mandatory to prepare by the each employer and supply to the respective employee within stipulated period, so they can submit the Income Tax Return in Due time as mentioned by the Income Tax Department i.e. 31/7/2014 positively.Look the Form 16 Part B as a SNAP SHOT 
You can Download the Automated Form 16 Part B from the below Link. If you have not able to Download the Form 16 Part A from the TRACES Portal, you can also Download the both of Form 16 Part A& B from the below Link.

Click here to Download the Form 16 Part B for the FY 2013-14

Tuesday 6 May 2014

Download below the Excel Based Software as you like Part B or Part A&B

 ( This Utility can prepare at a time 50 employees Form 16 Part A&B) For FY 2013-14
 ( This Utility can prepare at a time 50 employees Form 16 Part B) For FY 2013-14

( This utility can prepare at a time 50 employees Form 16 with 12 BA) For FY 2013-14

 ( This utility can prepare at a time 50 employees form 16 with 12 BA) For FY 2013-14

( You can prepare One by One form 16 more than 100 Form 16 by this one Software) For FY 2013-14


As per the New Notification by the CBDT  has already changed the Format of Form 16. In this New Format of Form 16 have two Parts, One Part A and another is Part B. The Part A where the all details of Tax deducted and deposited to the Central Govt. and Part B have the details of employee's Salary data.

The Part A can be download from the new income tax Web Site TRECESS PORTAL     ( www.tdscpc.gov.in). And Form 16 Pare B is mandatory to prepare by the Employer.

It appears that the most of the employer have not known about this new Format of Form 16 and Mandatory to download Form 16 Part A from the TRACES PORTAL.

It is a problem when who can not able to download the Form 16 Part A, then what they can do and how to possible to shown the details of employee's Tax deduction as Monthly or Quarterly or Annually ?

No Problem, Here is given below the all type of Automated Excel Based Software which can prepare Form 16 Part B and also Can prepare Form 16 Part A&B for the Financial Year 2013-14 and Assessment Year 2014-15.

Download below the Excel Based Software as you like Part B or Part A&B

1) Click here to download the Master of Form16 Part A&B  ( This Utility can prepare at a time 50 employees Form 16 Part A&B) For FY 2013-14

2) Click here to download Master of Form 16Part B ( This Utility can prepare at a time 50 employees Form 16 Part B) For FY 2013-14

 3) Click here to download Master of Form 16Part B with 12 BA ( This utility can prepare at a time 50 employees Form 16 with 12 BA) For FY 2013-14

 

 4) Click here to download Master of Form 16Part A&B with 12 BA ( This utility can prepare at a time 50 employees form 16 with 12 BA) For FY 2013-14

 

 5) Click here to download One by Onepreparation Form 16 Part A&B and Part B   ( You can prepare One by One form 16 more than 100 Form 16 by this one Software) For FY 2013-14

 

 6) Click here to download One by OnePreparation Form 16 Part B For FY 2013-14

Monday 28 April 2014

1) Click here to download Automated Form 16 Part B ( This Utility Can prepare one by one Form 16 Part B for the FY 2013-14 and AY 2014-15)

2) Click here to download Automated Master of Form 16 Part B ( This Excel Utility can prepare at a time 50 employees Form 16 Part B for the Financial Year 2013-14 )

3) Click here to Download Master of Form 16 Part B with 12 BA( This Excel Based utility can prepare at a time 50 employees Form 16 Part B with 12 BA for the Financial Year 2013-14)

4) Click here to Download Master of Form 16 Part A&B ( If you can not able to download Form 16 Part A from the Traces Portal, You can download the Form 16 Part A&B for FY 2013-14)

Income Tax Department "TRACES" (www.tdscpc.gtov.in) a new Portal had been made for only TDS Certificate and many more. Salary Certificate Form 16 Part A is mandatory to download TRACES. TDS Certificate for Salaried Employee from TRACES (New Website of TDS) form the  Assessment Year 2012-13 by its new circular 4/2013 dated 17.04.2012 for TDS Deductor on or after 01.04.2012. Download request for Form No. 16 for a particular Financial Year can be submitted only after Form 24Q statement for Q4 for the selected Financial Year is filed by deductor and processed by TDS CPC.

So Now you can not download your Form 16 (Part-A) from TRACES portal.

Procedure to Download Form No. 16 :

Select from Menu:
Go to webside https://www.tdscpc.gov.in/
Login to TRACES as a deductor by entering User Id and Password and clicking on ‘Go’.
Landing page will be displayed.
Under ‘Downloads’, click on ‘Form 16’ to place download request.
Form 16 can be downloaded from FY 2007-08 onwards
For a given FY, TAN and PAN, there will be only one Form 16. In case of more than one employer, a        PAN holder can have those many Form 16s Enter Search Criteria
For individual PANs, select Financial Year for which Form 16 is required and enter PAN and click on       ‘Add’
Valid PANs will be added to the list. Select a PAN and click on ‘Remove’ to remove it from the list.
Click on ‘Go’ to proceed with download request
For downloading Form 16 for all PANs , select Financial Year for which Form 16 is required and click         on ‘Go’ Token Number Details (Contd.)
Enter Authentication Code if the validation is done earlier and you have the Authentication Code
Enter Token Number of only Regular (Original) Statement corresponding to the Financial Year,                     Quarter and Form Type displayed above
Tick in Check Box for NIL Challan or Book Adjustment (Government Deductor)
Government deductors not having BIN details tick here and need not need provide BSR and Challan             Serial Number below
Click on Guide to select suitable Challan option
Enter CIN details for a challan used in the statement
Tick here if you do not any Valid PAN corresponding to above Challan details
Click on Guide to select suitable PAN amount Combinations
PANs entered must be those for which payment has been done using the CIN / BIN entered on this             screen
Details to be printed on Form 16
This information will be printed on Form 16 for each PAN. Details will be populated from your profile information in TRACES
Click on ‘Submit’ to submit download request for Form 16
Click on ‘Cancel’ and go to ‘Profile’ section to update details
Download File
Click on ‘Requested Downloads’ under ‘Downloads’ menu to download Form 16 text file
Search File to Download
Enter Request Number (Search Option 1) or Request Date (Search Option 2) to search for the download request submitted for Form 16
Click on ‘View All’ to view all download requests
Click here if you are facing difficulty in PDF Generation Utility
Search Results
Click on a row to select it
Click on the buttons to download file
Convert .ZIP File into PDF or Click Here
ZIP file downloaded from TRACES will contain Form 16 details for all requested PANs
Download ‘TRACES PDF Generation Utility’ from the website and install it on your desktop
Pass the ZIP file through the utility to convert it into individual PDF files for each PAN
User can opt to digitally sign the Form 16s during conversion
Deductor can also opt to manually sign the PDF files after printing

e-Tutorial to Download Form No. 16 (Salaried Employee) Click Here