Taxexcel

Thursday, 6 January 2022

Download at a time 50 or 100 Employees Form 16 Part A and B or Part B for the F.Y.2021-22 |In the financial year 2019-20, the CBDT (Focal Leading Body of Direct Taxes) corrected the provision of Form 16 which is "Pay TDS Authentication". The unit paid to the representative and separately, completes the tax advantage of that area unit declared by the taxpayers.

The payment TDS authentication date is indicated and once performed. The CBDT informed that the new organization of module 16 has a long-term effect as of April 2019.

Is the core offering built within the new tax return organization?

The new Form 16 regime provides full settlement details, such as the u / s 10 home rental premium (13A), travel grant or assistance under section 10 (5).

It is noted that as per the new 2020 financial plan, introduced a new section 115 BAC, as well as in this part a new annual tax estimation system based on the new and old tax regime has been introduced. At the moment it is important to know what is the new and the old tax regime?

1) Under the new tax regime, you are not eligible for any annual sector tax benefits except NPS benefits. And apart from that, only for the new tax regime, there was profit in the new tax regime.

2) In the old tax regime, you can enjoy all the benefits of the tax segment, however the tax section will be the old tax part starting from the 2019-20 financial year. In this spending plan, of course, you will provide a choice according to your decision, which is the new and the old tax regime in supported structure no. 10-IE.

At the moment, choose the required annual tax form 16 Excel Based Fully automatic programming according to the new and old tax regime u / s 115 BAC from below -

Download and at a time 50 Employees Form 16 Part A&B for the Financial Year 2021-22 with new and old tax regime U/s 115 BAC.

Download at a time 50 or 100 employees form 16

Or on the other hand

Download at a time 50 Employees Annual Tax Revised Form 16 Part B for the Financial Year 2021-22 with new and old tax regime U/s115 BAC.

Or on the other hand

Download at a time 100 Employees Revised Form 16 Part A&B for the Financial Year 2021-22 with new and old tax regime U/s 115 BAC.

Download at a time 100 Employees Revised Form 16 Part B for the Financial Year 2020-21 with new and old tax regime U/s 115 BAC.

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Why is Form 16 required? Salary Certificate Form 16 is a most important document because:

• It shown as proof that the government has received the tax deducted from your employer.

• Assist in the process of filing your tax return with the Income Tax Office.

• Many banks and financial institutions require Form 16 to check the person's solvency when applying for a loan.

Download Automatic Income Tax Form 16 Part A&B for the F.Y.2021-22[This Excel utility prepare one by one Form 16 Part A&B and Part B for F.Y.2021-22]

What is Form 16?

Form 16 is a salary certificate supply to salaried persons by their deductor when deducting the tax from the employee's salary. Put simply, it is an acknowledgment that your tax deduction has been filed with the Income Tax Office.

Salary Certificate Form 16 is a most valuable document that is issued under the provisions of the Income Tax Act, 1961. Form 16 details the amount of withholding tax (TDS) on salary from your employer along with the breakdown of salary for the financial year. In short, it can be said that Form 16 is a TDS test certificate deduced and filed by your employer.

Download Automatic Income Tax Form 16 Part B for the F.Y.2021-22[This Excel utility prepare at a time 50 employees Form 16 Part B for F.Y.2021-22]

Who issues form 16?

The Income Tax Act instructs an employer holding a TAN number and deducting employee salary tax to issue Form 16. Whether your tax is not deducted, your employer may refuse to issue form 16.

Download Automatic Income Tax Form 16 Part A&B for the F.Y.2021-22[This Excel utility prepare at a time 50 employees Form 16 Part A&B for F.Y.2021-22]

When should form 16 be issued?

It must be released by June 15 of the year for which it is released. For example, F.Y. 2017-18, the deadline for issuing Form 16 was June 15, 2018. If an employer delays or fails to issue Form 16 by the specified date, they are required to pay a fine of Rs 100 per day until on that date. The default continues.

Download Automatic Income Tax Form 16 Part B for the F.Y.2021-22[This Excel utility prepare at a time 100 employees Form 16 Part B for F.Y.2021-22]

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Thursday, 30 December 2021

What is Form 16 of Certificate? Automated Income Tax Form 16 along with Part A and B for the financial year 2021-22 as per section 115 BAC

Form 16 is an income tax certificate issued by an employer giving details of how much tax was deducted and when it was submitted to the IT (Income Tax) department. It is issued as proof of tax deduction and filing. Form 16 can also be considered as salary TDS certificate. It is also considered the source of proof of employee's tax return. Form 16 consists of two parts, Part A and Part B.

16. Part A of Form 16

Part A of Form 16 contains the details of withholding tax on salary. This includes the name and address of the employer, PAN (Permanent Account Number) and TAN (Tax Collection and Deduction Account Number), amount deposited and summary of taxes deducted.

16. Part B of

It must be issued by the employer. Contains details of pay break. It also includes deductions allowed under the Income Tax Act (Chapter VI A).

Eligibility for Form 16

As per the rules issued by the Ministry of Finance, Government of India, any person earning salary and filing tax return is eligible for Form 16. Employers use this certificate to track their earnings.

Download all types of Form 16 for the financial year 2021-22 from the link given below.

Automated Form 16 Part B and Part A&B for FY 2021-22 & Ass Yr 2022-23

1)One by One Preparation Automatic Form 16 Part A & B and Part-B for the Financial Year 2021-22 and Ass Year 2022-23 (Click here to Download the Utility]( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

Download and prepare at a time 50 employees Form 16

2) One by One Preparation, Automatic Form 16 Only Form 16 Part B for the Financial Year 2021-22 and Ass Year 2022-23, [Click here to download the Utility] ( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

3) Master of Form 16 only Part-B for the Financial Year 2021-22 and Ass Year 2022-23, ( which can prepare at a time 50 employees Form 16 Part B) which Click here to download Utility] ( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

Download and prepare at a time 50 employees

4) Master of Form 16 Part B for FY 2021-22 and Ass Year 2022-23 ( This Utility can prepare at a time 100 employees Form 16 Part B [ Click here to Download the Utility ] ( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

5) Master of Form 16 Part A&B FY 2021-22 and Ass Year 2022-23,[ This utility prepare At a time 50 employees Form 16 Part A&B ] Click here to Download the Utility] ( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

6) Master of Form 16 Part A&B (This utility can prepare at a time 100 employees Part A&B) for 2021-22 and Ass year 2022-23 [Click here to download the Utility] ( This Excel Utility can use New and Old Tax Regime U/s 115BAC as per Budget 2021)

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Monday, 27 December 2021

Deductions U/s 10 |As per the Income Tax Act, 1961, each tax payers Indian citizen who's Income above a certain limit of income is liable to pay tax. So, with each financial year falling, taxpayers look for ways to reduce their tax liability.

To reduce the burden on taxpayers, to encourage them to save, invest and pay taxes, the law lists some incomes as exemptions.

Benefits U/s 10 of the Income-tax Act

Salaried Persons are given many benefits in addition to regular income. too many of these deductions are allowed part of the total income, whereas some of them are allowed for exemption under section 10.

You may also, like- Automated Income Tax Form 16 Part B for the F.Y.2021-22[This Excel Utility can prepare One by One Form 16 Part B as per Old and New Tax Regime U/s 115 BAC]

1. Special allowance under section 10 (14):

Some allowances are classified as special discounts under section 10 and no tax is levied. Exceptions are subject to the allowable amount or the actual amount used for the specific purpose, whichever is less.

2. Daily Allowance: This includes daily compensation to cover expenses incurred during an official tour or relocation / transfer to a new place of work.

3. Travel Allowance: It is paid to the employees to cover their travel expenses during official visit or job transfer.

4. Assistant Allowance: This concession is given for the fee of an assistant appointed to assist in the discharge of government duties.

5. Uniform Allowance: In case it is required to wear uniform in line of office duty, allowance is given to cover the cost of purchase and maintenance of uniform.

6. Transport Allowance: This grant is given to cover the cost of official travel. It does not reimburse the cost of traveling from home to work.

You may also, like- Automated Income Tax Master of Form 16 Part B for theF.Y.2021-22 for 50 Employees[This Excel Utility can prepare at a time 50 Employees Form 16 Part Part B as per Old and New Tax Regime U/s 115 BAC]

7. Another allowance under section 10 (14) (ii):

Exemption of allowances under sub-section (14) (ii) of section 10 of the Income-tax Act

Climate allowance: This includes compensation for working at high altitudes or in hilly areas.

Up to Rs.800 / - for Himachal Pradesh, Uttar Pradesh, Jammu & Kashmir & North Eastern Hills.

Discount up to Rs 7,000 per month for Siachen.

Discount up to Rs. 300 for other high altitude places.

• Tribal Area Allowance: Rs.200 / - for those working in pre-classified tribal, scheduled or agency areas like Karnataka, West Bengal, Madhya Pradesh, Assam, Orissa, Tamil Nadu, Bihar, Uttar Pradesh and Tripura.

Border Area Allowance: Under Rule2BB of Section 10 (14) (ii), allowances ranging from Rs.200 to Rs.1,300 per month are given to Armed Forces personnel working in border areas, remote areas or any troubled area. .

Compensatory Field Allowance: Grant of Rs.2,600 / month is acceptable under section 10 (14) (ii), if a person is allowed to perform duties in unusual areas like Nagaland, Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh. Being given. , Sikkim, Andhra Pradesh and Manipur.

• Child Education Fund: Under this section 10 (14) (ii) up to a maximum of 2 children are given a rebate of Rs.100 / - on allowance. 300 / month / hostel allowance can also be claimed for a child up to two children.

Anti-Terrorism Allowance: 3,900 / month This grant is directed to the persons employed in the Armed Forces for the purpose of Section 10 (14) (ii).

ীপ Island Fee Allowance: Exemption under Section 10 (14) (ii) of Rs.9600

Another allowances under sub-section (14) (ii) of section 10 of the Income-tax Act include:

800 per month for underground miners.

Rupees for workers in highly active sectors. 4,200 / month.

1,000 1,000 / month for staff in certain changed area areas.

Physically handicapped employees will get Rs. 1,600 / month.

• Transportation allowance Rs. 1,600 / month.

In addition to the above section, you will get Rs. You can save up to 46,800 under section 80C of the Income Tax Act. Term insurance is one of the most effective ways to save tax under this category. So choose a term policy now.

Download Automated Income Tax Master of Form 16 Part B for the F.Y.2021-22 for 100 Employees [This Excel Utility can prepare at a time 100 Employees Form 16 Part Part B as per Old and New Tax Regime U/s 115 BAC]