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Friday, 14 February 2020


ITR Filing Due Date 2020: Section 139 of the Income Tax Act provides various provisions for filing tax returns.

Income Tax Return (ITR) Filing 2020: The Finance Bill 2020 has extended the due date for filing of return by companies and persons who are required to get their accounts audited. The due date for such taxpayers has been extended from September 30 to October 31 of the Assessment Year. The date has been extended through amendments in Section 139 of the Income Tax Act.
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Thursday, 13 February 2020


The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for both, thereby leaving some ambiguity regarding their individual composition.
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Wednesday, 12 February 2020


HIGHLIGHTS

  • CBDT says it will make greater use of technology, data analysis and AI to comb through large transactions
  • The CBDT chief said scaling up information gathering will enable I-T dept to offer pre-filled returns of income
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Monday, 10 February 2020


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.
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Sunday, 9 February 2020

The Leading News Web Site Economic Times of  India Published Nice Income Tax Calculator for the Financial Year 2020-2021 and Assessment Year 2021-2022 As per Budget 2020. You can calculate your Income Tax Liability for the Financial Year 2020-21 As per New Income Tax Slab and as per the New and Old Income Tax Section as defined by the Finance Minister of India in the Budget 2020.
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Saturday, 8 February 2020



Please note, CBDT has, vide Notification No.36/2019 dated 12th April 2019 revised the format of Part-B of Form 16 to be issued by the employer. The revised format is applicable from 12.05.2019

Issue of Form 16:
The certificate is required to be furnished by the 31st day of May after the close of the relevant Financial Year. The employer may issue a duplicate certificate in Form 16 if the deductee has lost the original form-16 and makes a request for issuance of duplicate one. The duplicate certificate must be certified as duplicate by the deductor.

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part B in New Format for A.Y. 2020-21]





 The main feature of this Excel Utility:-
1)   Prepare At time 100 Employees  Excel Based  Form 16 Part A&B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]
2)   All the Amended Income Tax Section have in this utility as per Budget 2019
3)   You can print individual Form 16 Part Part B
4)   Most easy to install just like an Excel File
5)   Easy to Fill all column
6)   Automatic Convert the Amount to the In-Words

Form 16 Parts
As per CBDT Circular No. 04/2013 dated 17th April 2013, issue of form 16 for deduction of tax at source made on or after 01-04-2012 shall be in two parts as under:

Part-B
‘Part B of the Form contains the computation of the total income of the employee including the details of deductions and rebates allowed. Form 16 is required to be prepared by the deductor employer manually and issued to the deductee employee along with Part A of the Form No. 16.

Please note, CBDT has, vide Notification No.36/2019dated 12th April 2019 revised the format of Part-B of Form 16 to be issued by the employer. The revised format is applicable from 12.05.2019

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part A&B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part A&B in New Format for A.Y. 2020-21]




 The main feature of this Excel Utility:-
7)   Prepare At time 100 Employees  Excel Based  Form 16 Part A&B ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]
8)   All the Amended Income Tax Section have in this utility as per Budget 2019
9)   You can print individual Form 16 Part Part A&B
10)                     Most easy to install just like an Excel File
11)                     Easy to Fill all column
12)                     Automatic Convert the Amount to the In-Words
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Download All in One TDS on Salary for Govt & Non-Govt Employees for the F.Y. 2019-20 With H.R.A. Exemption Calculation U/s 10(13A) + Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for F.Y.2019-20 + Automated Revised Income Tax Form 16 Part A&Band Form 16 Part B for F.Y. 2019-20




 The feature of this Excel Utility is the following:-

1) This Excel Utility can prepare automatic Tax Calculation as per new Finance Budget 2019
2) The Salary Structure as per the Govt and All of the Non-Govt(Private) employee’s Salary Pattern
3) Automated Individually Salary Sheet for each Employee
4) Automated Income Tax Salary Sheet for each Employee 
5) This Excel Utility calculate your House Rent Exemption Calculation U/s 10(13A)
6) Automated Income Tax Form 16 Part A&B for F.Y. 2019-20 in New Format
7) Automated Income Tax Form 16 Part B for the F.Y. 2019-20 in New Format
8) Automated Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y. 2000-01 to F.Y. 2019-20
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