Income Tax F.Y. 2016-17 A.Y. 2017-18 Exemptions, Deductions and Rebate for Salaried Employees for F.Y. 2016-17 A.Y. 2017-18, With Automated All in One TDS on Salary for Govt and Non-Govt employees for F.Y.2016-17


Income Tax F.Y.2016-17 A.Y. 2017-18, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A as per the Finance Bill 2016-17.

Section 80C – Subject to the overall limit of Rs. 1,50,000 under Section 80CCE.

For investments in specified schemes, saving instruments etc.U/s 80C

Read More in details

Employee’s Salary Structure 
Advertisements

Deduction under Section 80C – A complete list,With All in One TDS on Salary for Govt and Non-Govt employees for F.Y.2016-17


Main deduction of Section 80C for the Financial Year 2016-17 as per Finance Bill 2016-17.

Section 80C replaced the old Sec.88 and came into effect from 1st April 2006. The current maximum limit of Deduction under Section 80C is Rs.1,50,000 in a financial year. The earlier limit of Section 80C was Rs.1,00,000 up to FY 2014-15. Later on, it was increased to Rs.1,50,000 and same is continued.

Section 80C constitutes many investment options for tax savers. Hence, it is the top most choice for many. But many believe that only investments can be claimed for Deduction under Section 80C but the reality is some expenses like tuition fee or home loan are also part of such Deduction under Section 80C.

This section is available only for individuals and HUF only

Read More

How to save tax on salary income,With Automated 50 and 100 employees Form 16 Part B for F.Y.2016-17


The major concern for many of salaried is how to save tax on salary income. All are known few but fail to utilize to the maximum. In this post, We will try to list down all allowances and deductions which help you in saving tax.

What is the difference between Exemption and deduction?

If an income is exempt from tax, then it is not included in the computation of income. However, the deduction is given from income chargeable to tax. Exempt income will never exceed the amount of income. However, the deduct may be less than or equal to or more than the amount of income.

Read More

Automatic New Amended Form 16 Part B for the Financial Year 2015-16 and Ass Yr 2016-17


My @Quora post: Automatic New Amended Form 16 Part B for the Financial Year 2015-16 and Ass Yr 2016-17

Post by Pranab Banerjee:

Automatic New Amended Form 16 Part B for the Financial Year 2015-16 and Ass Yr 2016-17

Automatic New Amended Form 16 Part B for the Financial Year 2015-16 and Ass Yr 2016-17

Tax Exemption For Disabled Persons, With All in One Tax Preparation Excel Utility for F.Y.2016-17


My @Quora post: Tax Exemption For Disabled Persons, With All in One Tax Preparation Excel Utility for F.Y.2016-17

Post by Pranab Banerjee:

Tax Exemption For Disabled Persons, With All in One Tax Preparation Excel Utility for F.Y.2016-17

Tax Exemption For Disabled Persons, With All in One Tax Preparation Excel Utility for F.Y.2016-17

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