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
Wednesday, 12 February 2020
Monday, 10 February 2020
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.
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.
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:
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.
‘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
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
Friday, 7 February 2020
Medicinal inclusion (or) Mediclaim assurance is a
flat out need have for all. Considering the rate at which therapeutic costs are
rising, it is fundamental to have satisfactory remedial insurance
incorporation. The remedial development in India is growing at an immense rate,
for all intents and purposes 12% to 15% year on year. Henceforth, it is
essential to have an adequate prosperity spread, it is altogether progressively
critical for senior occupants.
Wednesday, 5 February 2020
Budget 2020 has made
the tax structure more complicated by adding three income tax slabs. The
removal of tax exemptions and deductions certainly makes compliance less
tedious, but avid tax planners who maximised their tax deductions will probably
pay more tax under the new tax regime. The budget 2020 has tried to put more
money in the hands of taxpayers by curtailing the incentives to save.
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