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

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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

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 

New Automated Form 16 Part A&B (Preparie at a time 50 employees Form 16 Part A&B) for Financial Year 2015-16


The CBDT has already changed the Format of Form 16 dated on 19/2/2013. In this Format have two part. Part A which found the Tax Deducted At Source and deposited in to the Central Govt Account  and another Part B which is found the details of employee’s Salary. This Part B is mandatory to prepare by the employer. This Part A is mandatory to download form the Income Tax TRACES  Portal. 

 Most of Employer or deductor yet not well known about this new Format of form 16. Also you most of employer could not able to download the Form 16 Part A from the TRACES portal.

Who have not able to download the Form 16 Part A from the TRACES Portal, they can use this below given both in one file Form 16 Part A&B in New Format of Form 16. 

The below given Excel Based Software can prepare at a time 50 employees Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17. This Utility can use both of Govt and Non Govt Concerned.

Feature of this Utility:-

  • Automatic Calculate the Income Tax of each employee
  • Automatic Prepare the Form 16 Part A&B in New Format
  • Automatic Convert the Amount in to the In Words
  • Prevent the Double entry of PAN No and Name of Employee
  • Govt and Non Govt Concerned can use this utility

 Click here to Download the Automatic Master of Form 16 Part A&B for the Financial Year 2015-16 and Assessment Year 2016-17 [ This Excel Utility can prepare at a time 50 employees Form 16 Part A&B for Govt and Non-Govt employees for F.Y.2015-16]

New Amended Income Tax Return Form ITR-I in Excel for Assessment Year 2013-14


The Indian Income Tax Department has already changed the Income Tax Return Form SAHAJ(ITR-I) for the financial year 2012-13 and Assessment Year 2013-14. This form which published by the Income Tax Department in PDF format. It is hazard to fill the Form in PDF as Manually, and also have some criteria for filling this ITR-I, This Form must be print in Color with Ink Jet Printer. The Below given Income Tax Return Form in Excel Format attaching herewith. This Excel Based ITR-I can fill the all column automatically as per the instruction by the Income Tax Department. After filling the one of input sheet the ITR-I can prepare automatically. This utility can use for both of Govt and Non-Govt concerned also. You can prepare limit less ITR-I in Excel Format by one this Excel Based Software.

Download the utility New 13-14 AUTOMATED SAHAJ(ITR-I) in Excel.xl

 

Automatic Life Time Income Tax Calculator with 24Q and 26Q for any Financial Year


Life Time Income Tax Calculator with 24 Q and 26 Q in Excel based for any Financial year.

You can prepare at a time 50 employees Income Tax compute with summery of Income Tax of each employees which can fit for 24Q and 26 Q for any financial year. Some time we have to need the previous any Financial Year‘s Income Tax Slab and the Income Tax liability as well as it may be required this current Financial Year and forth coming financial Year’s Income Tax Liability. For Each financial year have changed the Tax Slab and need to modify the Excel Utility which we have already prepared for previous Year of an Govt and Non- Govt concerned. In this manner you can set your Income Tax Liability by this below given Excel Based Software, which can prepare at a time 50 employees Income Tax Calculation with the 24 Q and 26 Q for any Financial Year.

Download the Utility from below link

Life time Income Tax Calculator with 24Q and 26Q

 

Tax Computed + 24Q + 26Q in Excel for FY 2013-14 & Ass Yr 2014-15


Prepare automatic 5o employees Tax computed sheet with 24 Q and 26Q in Excel Format.

You can prepare at a time 50 employees Income Tax Computes Sheet with the individual Salary Sheet for the Financial Year 2013-14 and Assessment Year 2014-15. This Excel Based Utility can prevent the double entry of Pan No and Employees name, and you can easily prepare the 24 Q and 26 Q by the separate sheet. Download utility from this link:-

Master of TDS PREPRATION FY 2013-14 & AY 2014-15 WITH 24Q