Automated All in One TDS on Salary for Govt. and Non-Govt Employees for F.Y.2017-18 and A.Y. 2018-19, Plus Income Tax Benefits on Joint Home Loan ?


All in One for Govt and Non – Govt employees For AY 2018-19 [ This Excel Utility can prepare at a time Tax Compute Sheet + Individual Salary Sheet + Individual Salary Structure as per Govt & Non-Govt Salary pattern + Automated H.R.A. Exemption Calculation + Automated Arrears Relief Calculation with Form 10E up to F.Y.2017-18 + Automated Form 16 Part A&B and Form 16 Part B for F.Y. 2017-18 as per the New Income Tax Slab ]

Govt-Non Govt Page 1Govt Non Govt Page 2Bihar Tax ComputeMaster Form 16 A&B Page 3Arrears Relief Page 1Arrears Relief Page 2Form 16 Part B

Income Tax Benefits to Own a House After Budget 2017,Plus Automated All in One TDS on Salary for Central and State employees for F.Y. 2017-18


Here are some of the exclusive income tax benefits to own a house as per the Finance Budget 2017-18

1 – House Loan Deduction under Section 80C

The very first tax benefit that comes to your mind is the house loan deduction. When you purchase a house for residential purpose and avail a loan for the same, the IT department gives you a deduction of INR 1, 50, 000 (upper cap) for loan repayment. This means that if you are paying a monthly installment of INR 10, 000 per month towards house loan, you would be getting a deduction of INR 1, 20, 000 while computing your payable tax. However, do make a note that the residential property should not be sold before 5 years from the date of possession, else the benefits would be reversed.

2 – Deduction for payment of Registration Chargers and Stamp Duty

Apart from availing deduction for repayment of house loan, the IT Department also lets you claim a deduction in respect of expenses such as registration charges, stamp duty, etc. This benefit is only available in the year of acquisition. The amount would be claimed under Section 80C and the upper cap would remain at INR 1, 50, 000.

3 – Deduction for interest paid on house loan [Section 24(b)]

Another opportunity lies in Section 24(b). Section 80C lets you grab a deduction in respect of repayment of house loan and Section 24(b) lets you claim a deduction for the interest paid on house loan. Unlike Section 80C, even if you sell your house within 5 years of its acquisition, there would be no tax reversal. An available deduction is INR 2, 00, 000.

4 – Benefit granted in Budget 2017

In the latest budget, the Finance Minister of India announced that an additional deduction of INR 50, 000 would be available to new house owners. Section 80EE would offer the additional deduction provided the cost of a house is not greater than INR 50, 00, 000 and the loan sanctioned amount is not more than INR 35, 00, 000. The deduction is only available if the loan is availed from a house finance company or a financial institute.

(Central and All State Govt employees)All in One TDS for A.Y 2018-2019[ This Excel Based Utility can prepare both of Central & State Govt employees Tax Computed Sheet + Individual Salary Sheet + Individual Salary Structure as per the Central & State Govt Employees Salary Pattern + Automatic Calculate the H.R.A. Exemption + Automatic Form 16 Part A&B and Form 16 Part B for F.Y.2017-18]Cental & State Page 1Cental & State Salary StructureGovt-Non Govt Page 3

Mandatory to download Salary certificate Form 16 Part A from the Traces Portal vide CBDT Circular No.4/2013 with Automated Form 16 Part B for FY 2014-15


                                                                                                                   CIRCULAR NO. 04/2013

F.No 275/34/2011-IT(B)

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

                                                                                                               New Delhi, the 17th April, 2013

Sub: Issuance of certificate for tax deducted at source in Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules 1962 — regarding :-

1. Section 203 of the Income-tax Act 1961 (“the Act”) read with the Rule 31 of the Income-tax Rules 1962 (“the Rules”) stipulates furnishing of certificate of tax deduction at source (TDS) by the deductor to the deductee specifying therein the prescribed particulars such as amount of TDS, valid permanent account number (PAN) of the deductee, tax deduction and collection account number (TAN) of the deductor, etc. The relevant form for such TDS certificate is Form No. 16 in case of deduction under section 192 and Form No. 16A for deduction under any other provision of Chapter XVII-B of the Act. TDS certificate in Form No. 16 is to be issued annually whereas TDS certificate in Form No. 16A is to be issued quarterly. TDS Certificate in Form No 16 as notified vide Notification No. 11/2013 dated 19.02.2013 has two parts viz Part A and Part B (Annexure). Part A contains details of tax deduction and deposit and Part B (Annexure) contains details of income.

Download the Automated Salary Certificate Form 16 Preparation Excel Based Software for the Financial Year 2014-15 from below link


1)Automated One by One preparation Form 16 Part B  FY 2014-15      ( Click to Download)


2)Automated One by One preparation Form 16 Part A&B  for FY 2014-15  ( Click to Download)


3)Automated at a time 50 employees Form 16 Part B For FY 2014-15 ( Click to Download)


4)Automated at a time 50 employees Form 16 Part A&B For FY 2014-15(Click to Download)


5)Automated at a time 50 employees Form 16 Part B with Form 12 BA For FY 2014-15 ( Click to Download )


6)Automated at a time 100 employees Form 16 Part B For FY 2014-15(Click to download)

2. With a view to streamline the TDS procedures, including proper administration of the Act,

the Board had issued Circular No. 03/2011 dated 13.05.2011 and Circular No. 01/2012 dated 09.04.2012 making it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called TRACES Portal) previously called TIN website. In exercise of powers under section 119 of the Act, the Board has now decided as following:-


2.1 ISSUE OF PART A OF FORM NO. 16 FOR DEDUCTION OF TAX AT SOURCE

MADE ON OR AFTER 01.04.2012:

All deductors (including Government deductors who deposit TDS in the Central Government

Account through book entry) shall issue the Part A of Form No. 16, by generating and

subsequently downloading through TRACES Portal, in respect of all sums deducted on or after the 1st day of April, 2012 under the provisions of section 192 of Chapter XVII-B. Part A of Form No 16 shall have a unique TDS certificate number.

2.2 AUTHENTICATION OF TDS CERTIFICATE IN FORM NO. 16:

The Deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES

Portal, shall, before issuing to the deductee authenticate the correctness of contents

mentioned therein and verify the same either by using manual signature or by using digital

signature in accordance with sub-rule (6) of Rule 31.

2.3 In other words, Part A of Form No. 16 shall be issued by all the deductors, only by generating it through TRACES Portal and after duly authenticating and verifying it.
2.4 ‘Part B (Annexure)’ of Form No. 16 shall be prepared by the deductor manually and issued to the deductee after due authentication and verification alongwith the Part A of the Form No. 16 stated above.

2.5 Sub rule (3) of rule 31of the Rules sets the time limit for issuance of Form 16 by the

deductor to the employee. Currently, Form 16 should be issued by 31st May of the financial Year immediately following the financial year in which income was paid and tax deducted.


3.1 The Director General of Income-tax (Systems) shall specify the procedure, formats and

standards for the purpose of download of Part A of Form No. 16 from the TRACES Portal and shall be responsible for the day-to-day administration in relation to the procedure, formats and standards for download of Part A of Form No. 16 in electronic form.


3.2 It is further clarified that Part A of Form No. 16 issued by the deductors in accordance with this circular and as per the procedure, formats and standards specified by the Director General of Income-tax (Systems) and containing Unique Identification Number shall only be treated as a valid compliance to the issue of Part A of Form No. 16 for the purpose of section 203 of the Act read with rule 31 of the Rules.

                                                                                                                                   -sd-

                                                                                                                         (Anshu Prakash)

                                                                                                                        Director (Budget)

                                                                                                             Central Board of Direct Taxes

Download Tax Compute Sheet + Salary Sheet + HRA Calculation + Form 16 Part A&B and Part B for West Bengal Govt employees for FY 2014-15


All in One Income Taxpreparation Excel Based Software for West Bengal Govt employees For Ass Yr2015-16( This Excel Utility can prepare at a time your Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automated HRA Calculation + Form 16 Part A&B and Part B)

                      Snapshot of Main Data Input Sheet

  Snapshot of Salary Structure of W.B.Govt employees

                              Snapshot of Salary Sheet

                            Snapshot of Form 16 Part B

                           Snapshot of Form 16 Part A&B

The Financial Year have already started since the 1/4/2014 and which will be end of March 2015. In this Financial year have already passed the New Central Finance Bill and some Income Tax Section introduce to the Income Tax Payers ( All Salaried Persons). It is observed that the Income Tax Slab has  changed up to Rs. 2.5 Lakh and the Section 80C also Raised up to Rs. 1.5 Lakh in this Financial Year 2014-15, Tax Slab For Men and Women is Rs. 2,50,000/- = NIL and 2,00,001 to 10,00,000/- Tax @ 10% and above 10,00,000/- @ 20%.

The New Income Tax Section started from the Financial Year 2013-14 is given below:-

Section 87A Tax Rebate Rs. 2,000/- who’s Taxable Income not more than 5,00,000/-

Section 80EE, House Building Loan Interest who’s HBL interest started since 1/4/2013 Max Rs. 1,00,000/- additional amount of U/s 24 B.

Download the utility from below link.

All in One Income Tax Preparation Excel Based Software for Central Govt employees for FY 2013-14


As per the Central Govt employees Salary Structure and the last Pay Commission the Salary of Central Govt employees far differ from other State Employees. The Central Govt Employees can get the up to date Dearness Allowances and it’s get time to time as well as two time in a Year with a Arrears of D.A.

The number of Tax payers have raising day to day as the Income of employees also raising by the getting of benefits with D.A. which given by  the Government. But the other State Govt employees( Most of State Employees have got the same as Central Employees benefits and D.A.) till waiting for Dearness Allowances and other Central Govt employee’s benefits. Most of the State Govt have no much earning source as the Central Govt, in this regard the most of State Govt have not possible to pay the more benefits to the employees. In this time most of the back word with the Dearness Allowances of West Bengal govt employees. The Bengal Govt employee now get the D.A. 52% and also the Govt has  declare the more 6% of D.A. will be paid to the employee from the January 2014. As the Bengal Govt have no much more earning source, but they try to enhance the source of income and when they can achieve their target  and get the sound financial condition, they must be given the rest benefits to the employees of Bengal.

The Income Tax Department have already mandatory to download the Form 16 Part A from the TRACES Portal (www.tdscpc.gov.in) and the Part B of Form 16 must be prepare by the Employer vide notification no 11/2013. Some of the Govt and Non Govt Concerned have get to download the Form 16 part A of their employees, but most of the concerned have not known about this new Notification, and they prepare both of Part A and B of Form 16 as previous years , as they have no knowledge “How to download the Form 16 part A from the TRACES “.

You can download the both of Form 16 Part B and also can download the Automatic Excel based Form 16 Part A&B for the Financial Year 2013-14 from the below link:- This Excel Based Software can prepare at a time your Income Tax Compute Sheet +Salary Sheet+Automatic House Rent Exemption + Form 16 Part B + Form 16 Part A&B for the Central Govt employees for the Financial Year 2013-14

(Central and State Govt employees)All in One TDS for Financial Year 2013-2014

Private

 

 

Automatic Form 16 for Assessment Year 2014-15


(20 Employees)TDS+SALARY +24Q & 26Q with Master of Form 16 Part B for AY 2014-15

This is a unique Excel Based Indian Income Tax preparation software which can prepare at a time 20 employees Form 16 Part B + Individual Salary Sheet +All quarters 24Q and 26Q for all quarters for the Financial Year 2013-14 and Assessment Year 2014-15. This Excel Based Software have all the Income Tax Section which you can easily view the description separately.

In this utility for calculating the Gross Salary of an employee, you can easily prepare the Gross Salary by the Individual Salary Structure of any Govt and Non Govt concerned. The Salary Structure prepare in the base of the Non Govt and Govt Concern’s Pay Structure.

Automatic Calculate the Income Tax and automatic prepare the Quarter ended Challan 24 Q for Govt Concerned and 26 Q for Non Govt Concerned. Easily print the all of employees Form 16 Part B and All the Quarters of 24 Q or 26Q as you like.

No need to enable to Macro and no need to manual typing the Amount to In Word, which can convert automatically without any Excel Macro or any Excel tools.

Download the Excel Based Software from this below Link :-

(20 Employees)TDS+SALARY +24Q & 26Q with Master of Form 16 Part B for AY 2014-15

Automatic Form 16 with 12 BA for Ass Yr 2014-15


Automatic Form 16 with 12 BA for the Financial Year 2013-14 and Assessment Year 2014-15

This Excel Based Software can prepare at a time 50 employees Form 16 with 12 BA for the AY 2014-15. As the New financial year have already started since1/4/2013  so the Form 16 may be required in any Govt or Non-Govt concerned, where if any employee have left out from any concerned in the middle of the financial year. Also you can be preserve the all employees Income Tax amount from the starting in the FY 2013-14.

This Excel Based Software is most easy to understand and easy to generate. No need to Enable to Macro. You can prepare 24Q or 26 Q through this Excel Utility. Download the utility from below link:-

Master of Form 16 + 12 BA for AY 2014-15