All in One TDS on Salary for Non-Govt employees for FY 2015-16 with Income Tax Deductions 2015 : Budget 2015 / 2016


Download Income Tax Calculator All in One TDS on Salary for Non-Govt Employees for the Financial Year 2015-16 and Ass Yr 2016-17. [ This Excel Utility can prepare at a time Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic HRA Calculation + Automatic Form 16 Part A&B and Form 16 Part B + 12 BA for FY 2015-16]

Budget 2015 has been introduced in Parliament. The Finance Minister has kept the Personal Income Tax rates unchanged for the Financial Year 2015 /2016 (Assessment Year 2016-2017).

He has to introduce or extend the Tax Deduction limits Under few Sections of the Income Tax Act.

Let us understand all the important sections and new introduce with respect to ‘Income Tax Deductions 2015′. This list will help you in planning your taxes.

Income Tax Deductions 2015

Section 80C

The maximum tax exemption limit under Section 80C has been retained as Rs 1.5 Lakh only. The various investment avenues under this section are;

  • PPF (Public Provident Fund)
  • EPF (Employees’ Provident Fund)
  • Five year Bank or Post office Tax saving Deposits
  • NSC (National Savings Certificates)
  • ELSS Mutual Funds (Equity Linked Savings Schemes)
  • Kid’s Tuition Fees
  • SCSS (Post office Senior Citizen Savings Scheme)
  • Principal repayment of Home Loan
  • NPS (National Pension System)
  • Life Insurance Premium
  • Sukanya Samriddhi Account Deposit Scheme

Section 80CCC

Contribution to annuity plan of LIC (Life Insurance Corporation of India) or any other Life Insurance Company for receiving pension from the fund is considered for tax benefit. The maximum allowable Tax deduction under this section is Rs 1.5 Lakh.

Section 80CCD

Employee can contribute to Government notified Pension Schemes (like National Pension Scheme – NPS). The contributions can be upto 10% of the salary (or) Gross Income and Rs 50,000 additional tax benefit u/s 80CCD (1b) is proposed in Budget 2015. In FY 2014-2015, the maximum tax exemption allowed under Section 80CCD is Rs 1 Lakh only. In Financial Year 2015-2016 or Assessment Year (2016-2017), this will be Rs 1.5 Lakh (u/s 80 CCD 1 ) and additional exemption of Rs 50,000 u/s 80CCD (1b) will be allowed. ( To claim this deduction, the employee has to contribute to Govt recognized Pension schemes like NPS)

(10% of salary is applicable for salaried individuals and Gross income is applicable for non-slaried. The definition of Salary is only ‘Dearness Allowance.’ If your employer also contributes to Pension Scheme, the whole contribution amount (10% of salary) can be claimed as tax deduction under Section 80CCD (2). The ceiling limit of 1.5 Lakh u/s 80CCD is not applicable on employer’s contribution.)

Section 80D

Deduction u/s 80D on health insurance premium will be Rs 25,000, increased from Rs 15000. For Senior Citizens it has been increased to Rs 30,000 from the existing Rs 20,000. For very senior citizen above the age of 80 years who are not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure.

Section 80DDB

An individual (less than 60 years of age) can claim upto Rs 40,000 for the treatment of specified critical ailments. This can also be claimed on behalf of the dependents. The tax deduction limit under this section for Senior Citizens is proposed as Rs 60,000 and for very Senior Citizens (above 80 years) the limit is Rs 80,000

Section 24 (B)

You can claim upto Rs 2 Lakh as tax deduction on the home loan interest payment. If your property is a let-out one then the entire interest amount can be claimed as tax deduction.

Section 80U

You can claim up to Rs 75,000 (increased from the existing Rs 50,000) for spending  who have up to 80% disability. It is also been Introduce  to increase the limit of deduction from Rs 1 lakh to Rs 1.25 lakh in case of above 80% severe disability.

The other sections are – Section 80E (tax deduction benefit on the interest payment of an education loan), Section 80 G (Donations), Section 80GG (when HRA is not paid by the company but you incur rental expenses) and 100% TAX DEDUCTION on contributions made to SWACHH BHARAT & CLEAN GANGA initiatives have also been proposed.

The above ‘Income Tax Deductions 2015′ are applicable for Financial year 2015-2016 (or Assessment Year 2016-2017).

Check All Salary Deductions for A.Y.2016-17 As per Finance Budget 2015 with automated All in One TDS on Salary for Non-Govt Employees for FY 2015-16 and AY 2016-17


Download Automated All in One TDS on Salary for Non-Govt employees for FY 2015-16 & AY 2016-17 [ This Excel Utility can prepare at a time Tax Compute sheet + Automated HRA Calculation + Automated Form 16 Part A&B and Part B + Form 12 BA]

Brief the tax section with deduction

Traveling Allowance/Conveyance Allowance:-

Raised up to Rs. 1600/- P.M. and Phy. disable persons Rs. 3200/- P.M.

Entertainment  Allowance: 

The first deduction which you claim from salary is Entertainment Allowance. Entertainment allowance received is first included in the employee’s income and then a deduction is allowed in case of government employees, for a sum equal to 1/5th of salary (excluding all allowances, benefits and other perquisites) or Rs. 5,000, whichever is less.

Professional Tax: 

Tax on employment by whatever name called, levied by a State under Article 80C  276 of the Constitution shall be allowed as a deduction. [Sec. 16(iii)]

Payment of Medical Insurance Premiam (Mediclaim) or contribution to Central Government Health Scheme. [Sec. 80D]: 

 Deductible upto a maximum of Rs. 25,000 (Rs. 30,000 in case the person insured is a senior citizen).

Expenditure on medical Treatment etc. and deposit for maintenance of handicapped dependents. [Sec. 80DD]: 

A deduction is allowed to compensate for any expenditure incurred by an assesses, during a year, for the medical treatment (including nursing), training and rehabilitation of one or more handicapped relatives wholly dependent on him, and for amount deposited in an approved scheme of LIC or UTI, for the benefit of a handicapped dependent. A fixed deduction of Rs. 50,000 is allowable, in aggregate for any or both the purpose specified above, irrespective of the actual amount of expenditure incurred.

Expenditure  or Medical Treatment of assess/dependant relative [Sec. 80DDB]:

 Deduction for the amount of expenditure incurred or Rs. 40,000, whichever is less, is allowable for any year during which expenditure is actually incurred for the medical treatment of specified diseases or ailments for the assesses himself or a dependent relative. If the patient is a senior citizen the deduction allowable shall be the expenditure incurred or Rs. 80,000 whichever is less. Besides, any amount received under a medical insurance policy shall be reduced from the amount of deduction allowable.

Interest on Loan taken for Higher Education. [Sec. 80E]: 

Any amount paid by way of interest on a loan taken from any financial institution or any approved charitable institution for the purpose of pursing his higher education, is deduction without any limit.

Interest on Loan taken for first residential house. [Sec. 80EE]:

 Deduction is allowable for interest on housing loan from a bank/housing finance company, for allowable is Rs. 1, 00,000, subject to specified conditions. The deduction is allowable for A.Y. 2014-15 and A.Y. 2015-16 only.]

Donation for Charitable Purposes [Sec. 80G]: 

There are a number of donations in respect of which deduction is permissible under Sec. 80G. Deduction @ 50% is available for donation to Jawaharlal Nehru Memorial Fund, Prime Minister Drought Relief Fund, [National Children’s Fund] Indira Gandhi Memorial Trust or Rajiv Gandhi Foundation etc. 100% deduction is allowed for donations to National Defense Fund, Prime Minister’s National Relief Fund, [National Children’s Fund,]National Foundation for Communal Harmony, Chief Minister’s/Lt. Governor’s Relief Fund etc. Deduction is granted subject to the prescribed maximum ceiling and on furnishing of appropriate certificate from the done organization.

Donation of a sum exceeding Rs. 10,000 shall be eligible for deduction, only if it paid by a mode other than cash.

Expenditure on Rent. [Sec. 80GG]: 

Rent paid by an assesses not owning a house and not in receipt of house rent allowance u/s 10(13A) for residential accommodation whether furnished or unfurnished, is deductible subject to the prescribed ceilings. [w.e.f 1-4-2014, for A.Y. 2014-15]

Donations to specified institutions/associations for Research or for Rural Development [Sec. 80GGA]:

 Donation of a sum exceeding Rs. 10,000 shall be eligible for deduction, only if it paid by a mode other than cash.

Physical Disability [Sec. 80U]:

 Rs. 75,000 for disability and Rs. 1, 25,000 for severe disability.  

Download Automated All in One TDS on Salary for Non-Govt employees for FY 2015-16 & AY 2016-17 [ This Excel Utility can prepare at a time Tax Compute sheet + Automated HRA Calculation + Automated Form 16 Part A&B and Part B + Form 12 BA]

Download Automated Form 16 Part B in Excel for Financial Year 2015-16


The Financial Year 2015-16 and Assessment Year 2016-17 has already past. But most of the Govt & Non – Govt Concerned yet not able to prepare the Form 16 Part B or Part A&B for the F.Y.2015-16.But the Income Tax Return filing date have fixed on 31st July 2016 by the CBDT. If the employees have yet not got their Form 16 from their employer, they can not be able to file the Income Tax Return for the Financial Year 2015-16 and Assessment Year 2016-17.

If the Salary Certificate Form 16 Part B have yet not prepared till now, you can prepare the Form 16 Part B through this Excel Based Software for FY 2015-16 and AY 2016-17. This Excel Utility can use the both of Govt and Non-Govt Concerned.

Feature of this utility are :-

1) Automatic Prepare Form 16 Part B for AY 2016-17

2) These Excel Based Software can use both of Govt and Non-Govt concerned.

3) Automatic Convert the Amount into the in the word.

Below Given all type of Automated Income Tax Form 16 for F.Y.2015-16

1) One by One Form 16 Part A&B and Form 16 Part B for F.Y.2015-16 [ This Excel Utility can prepare One by One Form 16 Preparation Excel Utility]

2) 100 employees Master of Form 16 Part B for F.Y.2015-16 [ This Excel Utility can prepare at a time 100 employees Form 16 Part B for F.Y.2015-16]

3) 50 employees Master of Form 16 Part B for F.Y.2015-16 [ This Excel Utility can prepare at a time 50 employees Form 16 Part B]

4) 50 employees Master of Form 16 Part B with 12 BA for F.Y.2015-16 [This Excel Utility can prepare at a time 50 employees Form 16 Part B with 12 BA]

Income tax Declaration of Employees for FY 2016-17, With Automated All in One TDS on Salary for Government and Non-Government Employees for F.Y.2016-17 and A.Y.2017-18


According to the income tax guidelines, income tax is deductible annually for each financial year commencing from 1st of April and ending on the 31st March. The responsibility of the employer has b…

Source: Income tax Declaration of Employees for FY 2016-17, With Automated All in One TDS on Salary for Government and Non-Government Employees for F.Y.2016-17 and A.Y.2017-18

Income tax Declaration of Employees for FY 2016-17, With Automated All in One TDS on Salary for Government and Non-Government Employees for F.Y.2016-17 and A.Y.2017-18


According to the income tax guidelines, income tax is deductible annually for each financial year commencing from 1st of April and ending on the 31st March. The responsibility of the employer has been affixed by the Income-tax Department to deduct income tax from the salary of employees monthly on a proportionate basis and deposit before the due date ( Monthly) as prescribed and report same to Income tax Department (quarterly as well as annually). The aggregate tax calculated on the estimated projected income will be deducted proportionately in 12 months, thus the assessment needs to be done on at the start of the year.

Download All in One TDS on Salary for Private employees for F.Y.2016-17 & A.Y.2017-18 [ This Excel utility can prepare at a time Tax Compute Sheet ( Income tax Declaration )+ Automatic H.R.A. Exemption Calculation + Individual Salary Structure as per Private Concerned Salary Pattern + Automatic Form 16 Part A&B + Automatic Form 16 Part B for F.Y.2016-17 + Form 12 BA, as per Finance Budget 2016-17]

Therefore, all employees are requested to declare their proposed investments for the financial year 2016–17 ,so that proportionate income tax could be calculated & systematic deducted from the salary can be started early

It has to be noted that only the expenditure actually incurred on payment of rent in respect of residential accommodation occupied by the assessee subject to the limits laid down in Rule 2A, qualifies for exemption from income-tax. Thus, house rent allowance granted to an employee who is residing in a house/flat owned by him is not exempt from income-tax.

Download All in One TDS on Salary for Govt & Non Govt Employees for F.Y.2016-17 [This Excel utility can prepare at a time Tax Compute Sheet ( Income tax Declaration )+ Automatic H.R.A. Exemption Calculation + Individual Salary Structure as per Govt & Non -Govt Concerned Salary Pattern + Automatic Arrears Relief Calculator U/s 89(1) with Form 10E + Automatic Form 16 Part A&B + Automatic Form 16 Part B for F.Y.2016-17 as per Finance Budget 2016-17]

All in One TDS on Salary for F.Y.2016-17,With New Amended Tax Section for F.Y.2016-17


Changes in Income Tax Rules as per the Finance Budget 2016-17 & A.Y.2017-18:

  1. There has beenno change in the income tax slabs for the Financial Year 2016-17 & Assessment Year 2017-18.
  1. Forpeople with net taxable income below Rs 5 lakh, the tax rebate has been increased from Rs 2,000 to Rs 5,000 u/s 87A. This would benefit people who have net taxable income between Rs 2.7 Lakhs to Rs 5 Lakhs.
  1. Additional exemption for first time home buyer up to Rs. 50,000 on interest paid on housing loans. This would be applicable where the property cost is below Rs 50 Lakhs and the home loan is below Rs 35 lakhs. The loan should be sanctioned on or after April 1, 2016.
  1. Tax Exemption u/s 80GG (for rent expenses who do have HRA component in salary) has been increased from Rs 24,000 to Rs 60,000 per annum.This is a good move to align the exemption amount with today’s rent and keep the section relevant.
  1. For people with net taxable income above Rs 1 crore, the surcharge has been increased from 12% to 15%
  1. Dividend Income in excess of Rs. 10 lakh per annum to be taxed at 10%
  1. 40% of lump sum withdrawal onNPSat maturity would be exempted from Tax. This rule now also applies to EPF. So now in the case of EPF income tax would be applicable on 60% of the corpus of maturity.
  1. Presumptive taxation scheme introduced for professionals with receipts up to Rs. 50 lakhs. The presumptive income would be 50% of the revenues.

Download All in One TDS on Salary for Govt & Non-Govt employees for F.Y.2016-17 & A.Y.2017-18 [This Excel Based Software can prepare at a time Tax Compute Sheet + Individual Salary Sheet + Individual Salary Structure + Automated Arrears Relief Calculation with Form 10E up to F.Y.2016-17 + Automatic H.R.A. Exemption Calculation + Automated Form 16 Part A&B + Automated Form 16 Part B ]

  1. Section 80C/80CCC/80CCD

These 3 are the most popular sections for tax saving and have a lot of options to save tax. The maximum exemption combining all the above sections is Rs 1.5 lakhs. 80CCC deals with the pension products while 80CCD includes Central Government Employee Pension Scheme.

You can choose from the following for tax saving investments:

  1. Employee/ Voluntary Provident Fund (EPF/VPF)
  2. PPF (Public Provident fund)
  3. Sukanya Samriddhi Account
  4. National Saving Certificate (NSC)
  5. Senior Citizen’s Saving Scheme (SCSS)
  6. 5 yearsTax Saving Fixed Deposit in banks/post offices
  7. Life InsurancePremium
  8. Pension Plans from Life Insurance or Mutual Funds
  9. NPS (New Pension Scheme)
  10. Equity Linked Saving Scheme(ELSS – popularly known as Tax Saving Mutual Funds)
  11. Central Government Employee Pension Scheme
  12. Principal Payment onHome Loan
  13. Stamp Duty and registration of the House
  14. Tuition Fee for 2 children

2. Section 80CCD(1B) – Investment in NPS

Budget 2015 has allowed additional exemption of Rs 50,000 for investment in NPS. We have done a complete analysis and concluded that it would be beneficial for you to discard this benefit and invest after-tax money in a good equity mutual fund.

Download All in One TDS on Salary for Central Govt Employees for F.Y.2016-17 & A.Y.2017-18 [This Excel Based Software can prepare at a time Tax Compute Sheet + Individual Salary Sheet + Individual Salary Structure as per Central Govt Salary Patterns + Automatic H.R.A. Exemption Calculation + Automated Form 16 Part A&B + Automated Form 16 Part B ]

  1. Payment of interest on Home Loan (Section 24/80EE)

The interest paid up to Rs 2 lakhs on home loan for the self-occupied home is exempted u/s 24. There is no limit for home given on rent.

Budget 2016 has provided additional exemption up to Rs 50,000 for payment of home loan interest for first time home buyers. To avail this benefit the value of the home should not exceed Rs 50 lakhs and loan should not be more than Rs 35 lakhs.

4. Payment of Interest on Education Loan (Section 80E)

The total interest paid on education loan can be claimed as tax exemption. There is no upper limit for the same.

5. Investment in RGESS (Section 80CCG)

Deduction Up to Rs 25,000 (50% of the amount invested) is allowed if you make the investment in preapproved stocks and mutual funds in Rajiv Gandhi Equity Savings Scheme (RGESS). This is available to first-time equity investors subject to certain conditions.

6. Medical insurance for Self and Parents (Section 80D)

You can get the tax deduction up to Rs 60,000 by paying the medical insurance premium for self, your dependents, and your parents. There is also sub-limit of Rs 5,000 for the preventive medical checkup.

7. Treatment of Serious disease (Section 80DDB)

You can claim deduction up to Rs 80,000 for treatment of certain diseases like AIDS, renal failure, etc for self or dependents

8. Physically Disabled Tax-payer (Section 80U)

Physically Disabled Tax-payer can get tax exemption up to Rs 1.25 lakhs u/s 80U

9. Physically Disabled Dependent (Section 80DD)

You can claim deduction up to Rs 1.25 lakhs for maintenance and medical treatment of Physically Disabled dependent

10. Donations to Charitable Institutions (Section 80G)

Deduction up to Rs 40,000 is allowed for Donation to certain charitable funds, charitable institutions, etc.

11. Donations to Charitable Institutions (Section 80GGA)

Deduction up to Rs 1 lakh is allowed for donations for scientific research or rural development

12. Donations to Charitable Institutions (Section 80GGC)

Deduction up to Rs 60,000 is allowed for donations to political parties

Download All in One TDS on Salary for Only Non-Govt employees for F.Y.2016-17 & A.Y.2017-18 [This Excel Based Software can prepare at a time Tax Compute Sheet + Individual Salary Sheet + Individual Salary Structure as per Non-Govt Salary Patterns + Automatic H.R.A. Exemption Calculation + Automated Form 12 BA + Automated Form 16 Part A&B + Automated Form 16 Part B ]

Along with the tax saving options, it also has details about all the common salary components and their tax treatment. This section can help you to plan your salary components in case your company offers such facility.

We hope that this eBook would help you in understanding, planning and saving taxes.

Be Ware of Naukri.com and other Manpower Solution who are working and Cheating the Un-Employed Candidate in India.


Here is an Article send me and request to publish this Matter, through this Site, send by Sweta Banerjee, B.Tech in Eletrical who will be passing out in June 2016 from West Bengal.

Sweta Banerjee registered  in the http://www.Naukri.com for seeking a job as Engineer in Eletrical Devision in West Bengal. The Naukri.com called her and approach a Job in Bajaj Electrical Ltd.

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After Register Sweta Banerjee get a Phone Call Before 5 days a reciter named ARUN BARMA from Naukri.com called her and and approach a Job in Bajaj Electrical Ltd. They said they will provide a telephonic interview with the recruiter of Bajaj Electrical in Kolkata, West Bengal and then there will be a face to face interview in the second stage and also said to continue this interview process she needs to pay Rs. 1750/- to Noukri.com and she paid the amount.

After that the interviewer called her at 4 pm through (Over Phone) Naukri.com and took her interview and said i am selected.

That time the Interviewer confirmed she that her package will be 3.2 lak per annum and there will be 6 month of training with Rs. 20,000 salary and added to continue the job and she need to sign a bond amount with Rs. 10,200/-.She though it is  the best option  ever get being a fresher and she agreed to their terms. Next day Arun Barma via Noukri.com called her and congrats she on her success.

Then he told her that she need to submit the bond money Rs. 10200/- which is refundable after 6 months of bond period and also there is some paper work from the company which she need fill up. So she had done this all and also send them the pay slip with Rs. 10200/-. and the reply had comes a (Mail as given below) from the  naukri.com

Dear 

             Sweta Banerjee,

You Are Selected For Bajaj Electricals Ltd. You Got 67.5 Rating In Your Telephonic Round & You Are Selected,You Have To Complete Your Bond Security In Date Of Today. Your Bond Security Is Rs 10200 Will Be Deposited In Date Of Today Till 4pm & It Will be Refundable After 6 Month by Company.

You Have To Send Your Digital Signature & Bank Slip with

Acceptance Letter.

THE SECURITY PURPOSE-

Account Details:

Account Holder Name – MNC TECHNICAL SOLUTION

Account Number – 35737962213

Bank Name –     State Bank Of India

Account Type – Current Account

Amount:-   10200

Thanks & Regards

 After that Mr.Barma again called her and said next day he will confirm  about this matter. Next day when he called said that need to submit More Rs.21200 as my accommodation purpose. She was just shocked. but Arun Varma said whether the payment had done the company will make my candidature file and will be send the appointment letter to her. so naturally she was agreed again to pay and she did and also send them the scanned pic of payslip of Rs. 21200/-. here is the second mail comes from the Naukri.com ( As given below)

Dear 

             Sweta Banerjee,

You Are Selected For Bajaj Electricals Ltd. Your 6 Month Bond Agreement Has Been Completed. Your Dream Job Is under Processing. You Have To Complete Your Accommodation Security Rs 21,200 (Applicable for 6 Month) In Date Of Today. Your Accommodation Security Is Rs 21,200 Will Be Deposited In Date Of Today Till 2pm.

       You Have To Send Your Bank Slip with Completely Filled Declaration Form & ESIC Form.

Your Dream Job Is Under Processing….

 THE SECURITY PURPOSE-

Account Details:

Account Holder Name – MNC TECHNICAL SOLUTION

Account Number – 35737962213

Bank Name –     State Bank Of India

Account Type – Current Account

Amount:-   21,200

Thanks & Regards

MNC Technical Solution

After this process She called them over Phone and they informed her  that they send her payment receipt and documents to the company.

But  they said the D.M of the Bajaj Electrical Ltd don’t want to sign my form as there is some commission problem.

Now that time she was literally shocked and just ruined. The recruiter told me he will handle this matter  next day, he would inform me.

Next day he said the D.M is not ready to sign so you need to pay More Rs. 15,000/- as commission to D.M.

She requested them that she is not able to do so because she have literally not that much of money right now. So if the company want the money they can cut it from Salary ( If Appointed) 1st month salary, but they said the D.M is not agreed.

Now she felt and  trapped her so she said that “she is backing off now from the job and asked them to give back my accommodation money as she is not going to stay.

But they said i confirmed the money for 6 months so neither the bond amount nor the accommodation amount would be back.

Naturally she was trapped and as she could not go back. So again agreed to pay the money but confirmed by them that in next phase no money is required. In this regard she again paid in previous manned the More Rs. 15000/- ( AS H.R. Commission) and they told me that my appointment letter is ready to send from the company on the next day i.e. 13/6/2016. whenever they got my appointment letter they will send me the soft copy and the hard copy will be send by post from the company to her Residential Address.  Here she  attachied the 3rd mail which comes from  them.

Dear 

             Sweta Banerjee,

You Are Selected For Bajaj Electricals Ltd. Your 6 Month Accommodation Agreement Has Been Completed. Your Dream Job Is under Processing. You Have To Complete Your HR Commission Rs 15,000. In Date Of Today. Your HR Commission Is Rs 15,000Will Be Deposited In Date Of Today Till 2pm.

       You Have To Send Your Bank Slip.

Your Dream Job Is Under Processing….

 THE SECURITY PURPOSE-

Account Details:

Account Holder Name – MNC TECHNICAL SOLUTION

Account Number – 35737962213

Bank Name –     State Bank Of India

Account Type – Current Account

Amount:-   15,000

Thanks & Regards

MNC Technical Solution

Now the naoukri.com ( MNC Technical Solution) demand more 20,000/- for their Commission.How it Possible ?

Today Sweta Banerjee comes to me and said her fact and said please do something so any one can not Fraud by this type of MNC Technical Solution as well as the Web Site like as http://www.Naukri.com.

The above notorious matter comes from me and I decide to explore the matter to all of the Indians as well as all of the UN-employed Candidate,who can think go through this type of Web Site and get their Dream Job.

However avoid this type of Web Site and do not trapped with them, so careful. I hope Some of the People who read the Sweta Banerjee’s Matter and take an action at any corner, so the UN-Employed Candidate can not fraud as well as cheat.

PLEASE HELP TO SWETA BANERJEE’S PROBLEM, IT WILL BE GRATEFUL TO SWETA BANERJEE. 

 

Income Tax Relief Under Section 89 Read with Rule 21A,With Automated Arrears Relief Calculator in Excel U/s 89(1) with Form 10E from f.Y.2001-2016 updated version.


Usually salary income is chargeable to tax either on due basis or on receipt basis. For the purpose of changeability salary consist of;

  1. Any salary due from an employer including former employer in the previous year, whether or not actually received.
  2. Any salary paid or allowed in the previous year by or on behalf of employer including former employer, although not due or before it became due, and
  3. Any arrears of salary paid or allowed in the previous year by or on behalf of employer including former employer, if not charged to income tax in any of the previous year.

If an employee is in receipt of any component of his salary in arrears or paid in advance, or receives profit in lieu of salary, he can claim relief as allowed by Section 89 read with rule 21A of Income Tax Act and Income Tax Rules. The relief can be claimed for following;

  1. Relief in respect of salary or family pension received in arrears or in advance [Rule 21A(2)]
  2. Relief in respect of gratuity [Rule 21A(3)]
  3. Relief in respect of compensation on termination of employment [Rule 21A(4)]
  4. Relief in respect of payment of commutation of pension [Rule 21A(5)]
  5. Relief in respect of other payment [Rule 21A96)]

Provided that no such relief shall be granted in respect of any amount received or receivable by an assessee on his voluntary retirement or termination of his service, in accordance with any scheme or schemes of voluntary retirement or in the case of a public sector company, if an exemption in respect of any amount received or receivable on such voluntary retirement or termination of his service or voluntary separation has been claimed by the assessee under clause (10C) of section 10 in respect of such, or any other, assessment year.

Now let us elaborate and understand the each case separately. Continue reading

Download Automated Income Tax Return Amended Form SAHAJ ( ITR-I) in Excel for F.Y.2015-16 and A.Y.2016-17


As per the CBDT Circulated the New Income Tax Return Form SAHAJ( ITR-I) in PDF Format. It is most laborious to prepare the PDF format and submit the SAHAJ (ITR-I) Individually. It is also mandatory to submit the Income Tax Return who’s Taxable Income more than 5 lakh, but below 5 lakh is not mandatory to file Income Tax Return.

But it is found most of the employees who have already deducted the Income Tax Excess from their Actual Tax Payable Amount. In this regard they have to file the Income Tax Return through Online or Off Line.

Also it is not possible to all of Tax Payers to submit the Return through the Online. Some have no concept that ” How to File Return through Online”.

Hence the bellow given Excel Based Automated SAHAJ(ITR-I)  for Financial Year 2015-16 and Assessment Year 2016-17.

Feature of this Excel Utility:-

  • Who have One house property they can use SAHAJ (ITR-I)
  • This Excel utility can use most easy and easy to install in any computer/System
  • Not necessary to Macro Enable
  • All Calculation will be calculate Automatically as per your Form 16 for F.Y.2015-16

Download the Automated SAHAJ(ITR-I) for F.Y.2016-17 & A.Y.2016-17 [ This Excel Based Software is fully automated]