As per the New Indian Finance Budget 2013, the effect have comes in to the Indian Tax payers for the Financial year 2013-14 and Assessment Year 2014-15. Also the Income Tax Department amended the format of Form 16, the old format have been changed vide Notification No 11/2013.
As per the New Finance Budget , some benefits have comes to the Indian Tax payers, like as U/s 87A ( Tax Rebate Rs. 2,000/-) who’s taxable income less than 5,00,000/- and the other section have include U/s 80EE ( Additional House Building Loan Interest Max Rs. 1,00,000/-) excluding the U/s 24B.
The below given Excel Utility can prepare at a time your Income Tax Computed Sheet + Automatic House Rent Exemption Calculation + New Amended Form 16 for the financial year 2012-13 and Assessment Year 2013-14.
Feature of this Utility:-
Both of employees Govt and Non Govt can use this utility. The Salary sheet have made as per the any Non Govt and Govt concerned method. No need to typing amount in to the in words, this will convert automatically. Download the utility (Amended )Automatic Form 16 for FY 2013-14 & AY 2014-15