Taxexcel: TDS on Salary for Private employees for the Financial Year 2015-16

Friday 17 July 2015

As per the Finance Budget 2015 have some changes in the Tax Section and hike the limit of some Section other than the Tax Slab is the same as previous Financial Year 2014-15.
Main Changes in this Budget and main effect to the Salaried Person for Financial Year 2015-16 as given below

Section 80D :- Hike the limit up to Rs. 25,000/- for below 60 Years and Rs. 30,000/- for Sr.Citizen.
Section 80U:- Hike the limit up to Rs. 75000/- for below 60 years and Rs. 1,25,000/- for sever Phy Disable persons.
Section 80CC :- Hike the limit Rs. 1,50,000/- for Pension Fund
New Section include in 80C in the name of Sukanya Samriddhi Account which Max limit Rs.1,50,000/- P.A.
Section 80DDB :- Hike the limit up to Rs. 80,000/-
U/s 10 Conveyance / Transport Allowances is hike up to Rs. 1600/- P.M. and Ph.Handicapped person can get the double as Rs. 3200 P.M.

As per the Finance Budget 2015-16 have prepared the Excel Based All in One Income Tax Preparation Software for Only Private ( Non-Govt ) employees for Financial Year 2015-16.

All in One Income Tax Preparation Excel Based Software for only the Non Govt employees for the Financial Year 2015-16 and Assessment Year 2016-17. This Excel Based Software can prepare at a time your Income Tax Compute Sheet + Automatic House Rent Exemption Calculation + Automated Form 16 Part B and Automated Form 16 Part A&B + Form 12 BA for the Financial Year 2015-16.

This Excel Based Software can use only for the (Private Employees) Non Govt employees. The Salary Structure has prepared as per the Salary Pattern of any Non Govt Concerned which can fit for any Private Concerned Salary Pattern

Feature of this Excel Based Software :-

Salary Structure for Non Govt Concerned Salary Pattern for Calculating the Gross Salary Income
Automatic Income Tax Compute for Male/Female/Sr.Ctzn/Most Sr.Ctzn
All the Income Tax Section have in this Software which perfect calculate as per the Income Tax Rules
Automatic House Rent Exemption Calculation U/s 10(13A)
Automatic prepare the Form 16 Part B
Automatic prepare the Form 16 Part A&B
Automatic prepare the Form 12 BA ( Certificate for Value of Perquisite)
Automatic Convert the Amount in to the In Words

Click here to Download the All in One Excel Based Tax Software for Private employees for F.Y.2015-16

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Saturday 2 May 2015

All in One TDS on Salary for Non-Govt employees for the Financial Year 2015-16 & Assessment Year 2016-17 [ This Excel Based Software can prepare at a time your Tax Compute Sheet + Salary Structure as per Private Concerned Salary Pattern + HRA Calculation + Form 16 Part A&B and Part B + Form 12 BA ]

This Excel Utility have all the changes by the Finance Budget 2015-16. All the Tax Section have incorporate in this Excel Utility.

The main Changes in the Income Tax for salaried person by the Finance Budget 2015-16 is given below:-

1. Increase in the limit of deduction in respect of health insurance premium from Rs.15,000 to Rs.25,000. U/s 80D

2. For senior citizens the limit will stand increased to Rs.30,000 from the existing Rs.20,000.U/s 80D

3. For very senior citizens of the age of 80 years or more, who are not covered by health insurance, deduction of Rs.30,000 towards expenditure incurred on the treatment will allowed.

4. The deduction limit of Rs.60,000 towards expenditure on account of specified diseases of serious nature is proposed to be enhanced to Rs.80,000 in case of very senior citizens U/s 80DDB

5. The limit on deduction on account of contribution to a Pension Fund and the New Pension Scheme is proposed to be increased from Rs.1 lakh to Rs.1.5 lakh U/s 80CC

6. Investments in Sukanya Samriddhi Account is already eligible for deduction under Section 80C Max. Rs.1.5 Lakh for Minor Girl Child below 10 Years

7. Transport allowance exemption is being increased from Rs.800 to Rs.1,600 per month U/s 10