User-agent: Mediapartners-Google Disallow: User-agent: * Disallow: /search Allow: / Sitemap: http://www.taxexcel.blogspot.com/feeds/posts/default?orderby=UPDATED taxexcel.net

GoogleAd

a

Thursday, 19 April 2018

Download Income Tax Form 16 Part B For F.Y. 2017-18 and Ass Yr 2018-19 with New Income Tax Slab for F.Y.2017-18 as per Budget 2017


The CBDT has already modified the Income Tax Form 16 in a new format and also circulated that Form 16 have in Two Parts. One is Form 16 Part A which is mandatory to download from the Traces Portal. In this Form 16 part, A has all the tax deposited amount.

Wednesday, 18 April 2018

New Amended Form 16 For Financial Year 2017-18 and Assessment Year 2018-19

New Amended Automatic Form 16 in Excel Format for the Financial Year 2017-18 and Ass Year 2018-19

      As per the Income Tax Department's Notification Number 11/2013 dated 19/02/2013, have changed some Income Tax Form 16. The new Form 16 have some changes that previous Form 16, but the changes have made some format of Form 16 and some Column Head of Form 16.
The New Amended Form 16 is given below in Excel Format as well as the Link for download the Notification of ITD about the changes of Form 16.

Tuesday, 17 April 2018

How to Download Form 16 Part A from TDSCPC Portal and Download Excel Based Automated Form 16 Part B for F.Y 2017-18

The Income Tax Department (New Portal i.e. TRACES) had made compulsory to download Form No. 16 (Part-A) (TDS Certificate for Salaried Employee) from TRACES (New Website of TDS) from Assessment Year 2013-14 by its new circular 4/2013 dated 17.04.2012 for TDS Deductor on or after 01.04.2012.

Monday, 16 April 2018

The CBDT has already notified mandatory to download of Part A of Form No. 16 (Salary Certificate) from the TRACES Portal with Automated Form 16 Part B for F.Y 2017-18 with New Tax Slab for F.Y.2017-18

Income Tax Notification Number 11/2013  Dated 19/2/2013 mandatory to download the Form 16 Part A from the TRACES POSTAL.

Click below to download Form 16 Part B for the Financial Year 2017-18

1.     One by One Preparation Excel Based Form 16 Part B for F.Y. 2017-18

 









2.     Master of Form 16 Part B ( This can prepare at a time 50 employees Form 16 Part B)

3








     3) Master of Form 16 Part B ( This can prepare at a time 100 employees Form 16 Part B)

 









4.     Master of Form 16 Part B with 12 BA ( This can prepare at a time 50 employees form 16Part B with 12 BA)

Form 16 recently notified had two parts – Part A and Part B. Part A contains details of tax deducted and remitted and Part B contains details of income. The Central Board of Direct Taxes (CBDT) has now notified that Part A of Form 16 containing the Unique Identification Number will be issued by the employer by generating and subsequently downloading the same from the TRACES2 (TDS Reconciliation Analysis and Correction Enabling System) Portal.
Key Requirements
Employer to download Part A of Form 16 from the TRACES Portal and authenticate the correctness of the contents mentioned thereinbefore issuing to the employee. Part B of Form 16 will be prepared manually and issued to the employee after due verification. Part A and B can be either digitally or manually signed.

Form 16 to be issued by the employer containing both Part A and B by 31 May 2013. Form 16 issued in the manner prescribed and containing Unique Identification Number will only be considered to be valid.
The Director-General of Income-tax (Systems) will specify procedure, formats, and standards for downloading Part A of Form 16 and will be responsible for the day to day administration.

To download the Part A of Form 16 from the TRACES Portal, the employer will have to register itself with the TRACES portal. For registration with the TRACES Portal and downloading the Form 16, the authorised signatory signing the Form 16 must have a PAN. In absence of a PAN, the Form 16 cannot be downloaded from the TRACES Portal. This could create a practical difficulty where authorized signatory of the foreign employer does not have a PAN in India.

It is pertinent to note that Part A of Form 16 downloaded from the TRACES Portal would contain the same details as reflecting in the Annual Tax Credit Statement (Form 26AS) of the employee. This initiative will help in reducing the discrepancies in the TDS amounts as per the Form 16 issued by the employer and the details reflecting in the Form 26AS of the employee.

Considering that the due date to file the quarterly return in Form 24Q for Quarter 4 is 15 May 2013 and the due date to issue the Form 16 is 31 May 2013, a question arises how quickly CPC will process the quarterly statements to enable the correct details to be reflected in Form 16 to be downloaded from the TRACES Portal.

Sunday, 15 April 2018

Prepare at a time 100 employees Form 16 Part A&B for the Financial Year 2017-18 & Assessment Year 2018-19 with New Income Tax Slab Rate for F.Y.2017-18

Some of the Govt and Non-Govt Concerned yet not prepared the Salary Certificate Form 16 and they have yet not able to serve the Form 16 to their employees. Now it is the time of filing of Income Tax Return.But without the Form 16, they can not be able to File the Income Tax Return. In this regard, it is necessary to serve the Form 16 to the employees positively.

Saturday, 14 April 2018

What is the requirement of Income Tax Form 16 to salaried persons? With Automated Master of Form 16 Part B for F.Y.2017-18 and A.Y.2018-19

What is Form 16?

Form 16 is an Income Tax form used by companies to provide their salaried individuals in India. This form carries all the required details that help the employee in filing their tax returns with the Income Tax department in India. The Income Tax Act of 1961 and the Income Tax rules of 1962 are the laws that are prevailing in India. When Form 16 is provided to an employee by their employer it’s a source of proof of filing their Income Tax Returns, the form has various components such as Salary Income components of the employee. Every employer should provide their employees with the Form 16 who fall under the tax brackets set up the Finance Ministry of the Government of India. If an employee doesn’t fall under the tax brackets set, then he/she doesn’t receive the Form 16 as he/she will not need to pay taxes neither will they need to have Tax Deducted at source or TDS.

Download and prepare at a time 100 employees Form 16 Part B for F.Y.2017-18 & Ass Year 2018-19

The Income Tax Department has already Circulate that the Salary Certificate Form 16 Part A must be download from the New Web Site TRACES vide Circular No.4/2013 dated 17/4/2013 and it is clear that the Part A(Annexure) of Salary Certificate Form 16 is mandatory to download from the Income Tax New Web Site TRACE and the Part B (Annexure) must be prepared by the Employer/Deductor.