The New Financial Year 2013-14 and Assessment Year 2014-15 is coming soon. The Finance Budget have already published for the financial year 2013-14 .Some special feature of Income Tax have include in this Finance Budge. The New Income Tax Section 87A ( Tax Rebate Rs.2,000/-) and the House Building Loan Interest have raised from 1,50,000/- to 2,50,000/-. But this raising amount of Rs. 1,00,000/-HBL interest can get who are obtaining the HB Loan after 1/4/2013 vide Section 88EE.
Some of employees who can get the Arrears from Salary from the previous Financial Year. And have need to calculate the Tax Exemption from Arrears Salary which can get the Relief from Income Tax through the Section 89(1). Download this Arrears Relief Calculator U/s 89(1) and also download the Automatic Tax Calculator for Govt and Non Govt employees for the financial year 2013-14 and Assessment Year 2014-15.
Recently the Income Tax Department published a Notification bearing no 11/2013, the Income Tax Form 16 now amended. The new amended Form 16 also have in this Utility with all the new Feature of Recent Finance Budget.
Download below Arrears Relief Calculator from below:-
Download the All in One TDS on Salary for Govt and Non-Govt employee:-