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Monday, 29 April 2019

As per the Finance Budget 2019, some Important Income Tax Section and Income Tax Rebate have changed. The Major modification including the Income Tax Slab Rate for the F.Y. 2019-20 is given below.

Sunday, 28 April 2019


The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May  2019. This Format is more explore the employee’s Salary Details.

Saturday, 27 April 2019


As per the Finance Budget 2019, some Important Income Tax Section and Income Tax Rebate have changed. The Major modification including the Income Tax Slab Rate for the F.Y. 2019-20 is given below.

Friday, 26 April 2019


The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May  2019. This Format is more explore the employee’s Salary Details.

Thursday, 25 April 2019

As per the Income Tax Rules, the salaried person’s Salary Certificate Form 16 Part B is mandatory to download from the Income Tax TRACES portal. And the Income Tax Salary Details Form 16 Part B is must be prepared by the Employer.

Tuesday, 23 April 2019

Interim Budget 2019-20 Highlights of tax Relaxations and advantages given
Union minister of finance Shri Piyush Goyal has started presenting the Interim Budget 2019 at the Lok Sabha

1. A full discount on yearly salary up to 500000 (5 lakh) for individual citizens.

2. Standard Deduction for Salaried representatives has been expanded by Rs. 10000 (from 40000 to 50000).

3. TDS on Interest Income u/s 194A, Ceiling Limit of which has been expanded from Rs. 10000 to Rs. 40000

4. TDS on Income from Rent u/s 194A, Ceiling Limit of which has been expanded from Rs. 180000 to Rs. 240000

5. Point of confinement of Gratuity has been expanded from Rs. 10,00,000 to 30,00,000

6. Expense appraisal and Verifications for IT Return will be done electronically with just about 2 years.

7. IT Returns will be prepared inside only 24 hours.

Free Download Automated Income Tax Calculator for the Financial Year 2019-20 and Assessment Year 20120-21