Prepare Automatic at a time Tax Compute Sheet+Arrears Relief Calculation+HRA Exemption Calculation + Form 16 Part A&B and Part B for Financial Year 2016-17

1) Download Govt & Non-Govt Employees All in One TDS on Salary  (Both can use) for the Financial Year 2016-17 (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + +  Automated Form 16 Part A&B and Form 16 Part B)


2) Download Non-Govt Employees All in One TDS on Salary For Financial Year 2016-17 (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + Form 12 BA +Automated Form 16 Part A&B and Form 16 Part B)


3) Download Central Govt Employees All in One TDS on Salary for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure + House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) 


4) Download All State Employees All in One TDS on Salary for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure +  House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B)


5) Download West Bengal Govt employees All in One for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure +  House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) 



The New Finance Budget 2016-17 has already Passed and the Income Tax Slab for the financial year 2016-17 is same up to Rs. 2.5 Lakh is NIL and Section 80 C is also same up to Rs. 1.5 Lakh. More one Section have added in the section 80C AS U/S 80CCD(1B) Which deduction Max Rs. 50 thousand as additional of U/s 80C. And the Tax Rebate U/s 87A have raised up to Rs.5 thousand from the F.Y.2016-17


This Financial Year 2016-17 has continuing and middle in the Financial Year. The 2nd Quarter of 24Q is knocking to submit the Tax amount  deposit into the Central Govt through the 24Q or 26Q Tax Challan. So you can prepare your Tax Liability for this financial year 16-17 and deposit the amount of Tax in 2nd Quarter.

If you have one unique Excel Based Software like as All in One TDS on Salary, which can prepare at a time your (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) for the Central Govt Employees, All State Govt Employees, All Non-Govt Employees and Govt & Non Govt employees in different Excel based Software, so it will be easy to prepare and preserve the all of Calculation in future.

The Salary Structure of Central Govt is differ from another any State Employee's Salary Structure, also the differ the Salary Structure of any Non - Govt Employees Salary and Pay Structure. In this Regard, prepared the Salary Structure for each Concerned Employees in these Excel Utility.

1) Download Govt & Non-Govt Employees All in One TDS on Salary  (Both can use) for the Financial Year 2016-17 (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + +  Automated Form 16 Part A&B and Form 16 Part B)


2) Download Non-Govt Employees All in One TDS on Salary For Financial Year 2016-17 (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + Form 12 BA +Automated Form 16 Part A&B and Form 16 Part B)


3) Download Central Govt Employees All in One TDS on Salary for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure + House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) 


4) Download All State Employees All in One TDS on Salary for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure +  House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B)


5) Download West Bengal Govt employees All in One for Financial Year 2016-17 ( Income Tax Computed Sheet + Salary Structure +  House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) 



The New Finance Budget 2016-17 has already Passed and the Income Tax Slab for the financial year 2016-17 is same up to Rs. 2.5 Lakh is NIL and Section 80 C is also same up to Rs. 1.5 Lakh. More one Section have added in the section 80C AS U/S 80CCD(1B) Which deduction Max Rs. 50 thousand as additional of U/s 80C. And the Tax Rebate U/s 87A have raised up to Rs.5 thousand from the F.Y.2016-17


This Financial Year 2016-17 has continuing and middle in the Financial Year. The 2nd Quarter of 24Q is knocking to submit the Tax amount  deposit into the Central Govt through the 24Q or 26Q Tax Challan. So you can prepare your Tax Liability for this financial year 16-17 and deposit the amount of Tax in 2nd Quarter.

If you have one unique Excel Based Software like as All in One TDS on Salary, which can prepare at a time your (Income Tax Computed Sheet + Arrears Relief Calculator U/s 89(1) + Form 10E + House Rent Exemption Calculation U/s 10(13A) + Automated Form 16 Part A&B and Part B) for the Central Govt Employees, All State Govt Employees, All Non-Govt Employees and Govt & Non Govt employees in different Excel based Software, so it will be easy to prepare and preserve the all of Calculation in future.

The Salary Structure of Central Govt is differ from another any State Employee's Salary Structure, also the differ the Salary Structure of any Non - Govt Employees Salary and Pay Structure. In this Regard, prepared the Salary Structure for each Concerned Employees in these Excel Utility.

TDS on Salary All in One for W.B.Govt employees for F.Y.2016-17 and A.Y.2017-18 With Deduction 80D as per Budget 2016-17

The person who paid medical insurance premium himself or spouse or parents or depended on children can claim the deduction from total income of the person as per the instructions are given below. We will discuss here the complete detail about deduction under section 80D.

Free Download TDS on Salary All in One  for West Bengal State Employees for the Financial Year 2016-17 & Assessment Year 2017-18 as per the Budget 2016-17[Prepare at a time Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic H.R.A. Exemption Calculation + Automated Form 16 Part A&B and Part B for F.Y.2016-17 & A.Y.2017-18]

Who can claim deduction 80D?

Individual and HUF assessee can claim the deduction under section 80D for any medical insurance premium known as MEDICLAIM.
Note: The deduction is allowed only under an approved scheme of General Insurance Corporation of India or any contribution made to Central Government Health Scheme or any similarly notified scheme.

Maximum deduction allowed u/s 80D

Check how many deductions of medical insurance premium, you can claim for self and your parent.

F.Y.2016-17/A.Y.2017-18  

The case I – You are below 60 Years – Rs.25,000 and Your parents are also below 60 years – Rs. 25,000 then aggregate Rs. 50,000.
Case II – You are below 60 Years – Rs.25,000 But Your parents are above 60 years – Rs. 30,000 then aggregate Rs. 55,000.

Important Points Related to Deduction under section 80D

  • You must note here that the deduction is allowed only if the payment is made from your own income during the pervious year.
  • Any premium for health insurance or Central Govt Health Schemes (CGHS) shall be made by any mode except cash. However, cash payment shall be accepted if paid during preventive health check-up.
  • Payment made via credit card/internet banking shall also be eligible for deduction.
  • The main and important point of Deduction for Medical Insurance Premium (MEDICLAIM) under section 80D is that, it does not include in the deduction under section 80C (Rs.1,50,000 in total). In simple words, you can get deduction under section 80D extra over section 80C.
  • Now, it is immaterial that parents are dependent on you or not. You can claim the tax deduction for medical insurance premium paid for your parents whether they are dependent on you or not.  The condition of dependency of parents is eliminated w.e.f. A.Y. 2009-10.

Tax Planning by MEDICLAIM (Medical Insurance Premium) Under Section 80D

  • So it is a good strategy to pay your medical insurance premium yearly for you, wife/husband, children, and parents.
  • You can get tax deduction of up to Rs.65000 under section 80D including preventive health check of Rs.5000 (self + family)
  • The other thing you must note that medical insurance premium paid for parents having more benefits. It is immaterial that parents are depended on or not.
The person who paid medical insurance premium himself or spouse or parents or depended on children can claim the deduction from total income of the person as per the instructions are given below. We will discuss here the complete detail about deduction under section 80D.

Free Download TDS on Salary All in One  for West Bengal State Employees for the Financial Year 2016-17 & Assessment Year 2017-18 as per the Budget 2016-17[Prepare at a time Tax Compute Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic H.R.A. Exemption Calculation + Automated Form 16 Part A&B and Part B for F.Y.2016-17 & A.Y.2017-18]

Who can claim deduction 80D?

Individual and HUF assessee can claim the deduction under section 80D for any medical insurance premium known as MEDICLAIM.
Note: The deduction is allowed only under an approved scheme of General Insurance Corporation of India or any contribution made to Central Government Health Scheme or any similarly notified scheme.

Maximum deduction allowed u/s 80D

Check how many deductions of medical insurance premium, you can claim for self and your parent.

F.Y.2016-17/A.Y.2017-18  

The case I – You are below 60 Years – Rs.25,000 and Your parents are also below 60 years – Rs. 25,000 then aggregate Rs. 50,000.
Case II – You are below 60 Years – Rs.25,000 But Your parents are above 60 years – Rs. 30,000 then aggregate Rs. 55,000.

Important Points Related to Deduction under section 80D

  • You must note here that the deduction is allowed only if the payment is made from your own income during the pervious year.
  • Any premium for health insurance or Central Govt Health Schemes (CGHS) shall be made by any mode except cash. However, cash payment shall be accepted if paid during preventive health check-up.
  • Payment made via credit card/internet banking shall also be eligible for deduction.
  • The main and important point of Deduction for Medical Insurance Premium (MEDICLAIM) under section 80D is that, it does not include in the deduction under section 80C (Rs.1,50,000 in total). In simple words, you can get deduction under section 80D extra over section 80C.
  • Now, it is immaterial that parents are dependent on you or not. You can claim the tax deduction for medical insurance premium paid for your parents whether they are dependent on you or not.  The condition of dependency of parents is eliminated w.e.f. A.Y. 2009-10.

Tax Planning by MEDICLAIM (Medical Insurance Premium) Under Section 80D

  • So it is a good strategy to pay your medical insurance premium yearly for you, wife/husband, children, and parents.
  • You can get tax deduction of up to Rs.65000 under section 80D including preventive health check of Rs.5000 (self + family)
  • The other thing you must note that medical insurance premium paid for parents having more benefits. It is immaterial that parents are depended on or not.

All in One TDS on Salary( Prepare at a time Tax Compute sheet+ Individual Salary Structure +HRA Exemption + Arrears Relief Calculation with Form 10E +Form 16 Part B +Form 16 Part A&B for salaried person for FY 2016-17 And AY 17-18)

The Financial Year 2016-17 has already  started From the 1st April 2016  and Tax deduction can be made as per the Finance Budget 2016, the Tax Slab have not changed, same as previous financial year 2016-17.

But Limit of  some Tax Section has Increased by this Finance Budget.

The Section 80U have increased 75000/- P.A. and Rs. 125000/- P.A. for Blind persons.

Traveling Allowances also raised up to 1600/- P.M. and Blind Person can avail Rs. 3200/- P.M.

Section 80D Raised Rs. 25000/- and Sr.Citizen Rs. 30,000/-  

Additional House Building Interest U/s 80EE has increased from Rs.1 Lakh to 1.5 Lakh, excluding the Tax Section 24B.

It is necessary to calculate your Tax Liability for the Financial Year 2016-17 for guess the actual Tax Liability for the Financial Year 2016-17 and you can Plan how  to save tax for this Financial Year FY 2016-17.

Below Given Excel Based up dated Income Tax Software All in One for all type of Employees like as Govt employees and also Non-Govt employees.

The below given Excel based Software which can prepare at a time Income Tax Computed Sheet + Automatic Arrears Relief Calculator + Automatic House Rent Exemption calculation + In built Salary Structure for both Govt & Non Govt employees which can prepared on the basis of Salary Pattern of each Govt and Non Govt concerned +Automated Arrears Relief Calculation with Form 10E + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2016-17 and Assessment Year 2017-18.

It is most hazards to calculate individually HRA Calculation separately another sheet and also it is hazard to calculate the Arrears Relief Calculation from the financial Year 2001-02 to 2016-17. This Excel Utility can prepare all the calculation just a moment. Thus your time may reduce for calculating the actual Income Tax of each employee.

Feature of this Utility:-

·         Automatic Calculate Income Tax with Tax Computed sheet individually

·         Individual Salary Structure for calculating the Gross Salary Income 

·         Salary Structure have prepare on the Basis of Govt and Non Govt Salary Pattern

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automatic Calculate the Arrears Relief Calculation with Form 10E since 2001-02 to 2016-17

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B

·         Automatic Convert the Amount in to In Words



Click here to Download the Excel Based Software All in One for F.Y.2016-17 [ This Excel Utility can prepare at a time tax compute sheet for Govt & Non-Govt employees + Individual Salary Structure + Automatic H.R.A. Calculation + Automatic Arrears Relief Calculator with Form 10E + Automatic Form 16 Part A&B and Form 16 Part B]

The Financial Year 2016-17 has already  started From the 1st April 2016  and Tax deduction can be made as per the Finance Budget 2016, the Tax Slab have not changed, same as previous financial year 2016-17.

But Limit of  some Tax Section has Increased by this Finance Budget.

The Section 80U have increased 75000/- P.A. and Rs. 125000/- P.A. for Blind persons.

Traveling Allowances also raised up to 1600/- P.M. and Blind Person can avail Rs. 3200/- P.M.

Section 80D Raised Rs. 25000/- and Sr.Citizen Rs. 30,000/-  

Additional House Building Interest U/s 80EE has increased from Rs.1 Lakh to 1.5 Lakh, excluding the Tax Section 24B.

It is necessary to calculate your Tax Liability for the Financial Year 2016-17 for guess the actual Tax Liability for the Financial Year 2016-17 and you can Plan how  to save tax for this Financial Year FY 2016-17.

Below Given Excel Based up dated Income Tax Software All in One for all type of Employees like as Govt employees and also Non-Govt employees.

The below given Excel based Software which can prepare at a time Income Tax Computed Sheet + Automatic Arrears Relief Calculator + Automatic House Rent Exemption calculation + In built Salary Structure for both Govt & Non Govt employees which can prepared on the basis of Salary Pattern of each Govt and Non Govt concerned +Automated Arrears Relief Calculation with Form 10E + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2016-17 and Assessment Year 2017-18.

It is most hazards to calculate individually HRA Calculation separately another sheet and also it is hazard to calculate the Arrears Relief Calculation from the financial Year 2001-02 to 2016-17. This Excel Utility can prepare all the calculation just a moment. Thus your time may reduce for calculating the actual Income Tax of each employee.

Feature of this Utility:-

·         Automatic Calculate Income Tax with Tax Computed sheet individually

·         Individual Salary Structure for calculating the Gross Salary Income 

·         Salary Structure have prepare on the Basis of Govt and Non Govt Salary Pattern

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automatic Calculate the Arrears Relief Calculation with Form 10E since 2001-02 to 2016-17

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B

·         Automatic Convert the Amount in to In Words



Click here to Download the Excel Based Software All in One for F.Y.2016-17 [ This Excel Utility can prepare at a time tax compute sheet for Govt & Non-Govt employees + Individual Salary Structure + Automatic H.R.A. Calculation + Automatic Arrears Relief Calculator with Form 10E + Automatic Form 16 Part A&B and Form 16 Part B]

You can claim H.R.A. Exemption for both HRA and home loan Interest or Principle U/s 80C and U/s 24B and U/s 10(13A)

You can claim tax benefit for both, but only if you fulfill the conditions :-

If you are living on rent and also servicing a home loan, you can take advantage of claiming tax exemption for both house rent allowance (HRA) and repayment of a home loan. The equated monthly installment (EMI) against your home loan is a combination of principal repayment and interest on the outstanding loan. All three—HRA, principal repayment, and interest payment—can be claimed as an exemption under separate sections of the Income-tax Act. However, there are certain conditions that you need to fulfill before you can do so. Let’s have a look at these.

Download House Rent Exemption Calculator U/s 10(13A)

Exemptions and deductions
Income tax rules allow tax payers to claim exemption against some investments and expenses that the assessee has incurred out of her gross income. While the exemption for HRA can be claimed under section 10(13A) of the Income-tax Act, principal repayment of a home loan and interest on it can be claimed under sections 80C and 24b, respectively.
HRA can be claimed as lowest of actual HRA received from the employer or 50% of the salary for employees living in metro cities (40% for those residing in cities other than metro) or actual rent paid minus 10% of salary (basic + dearness allowance + turnover based commission).
Principal repayment exemption can be claimed up to the threshold limit under section 80C, which is Rs.1.5 lakh, or the actual principal repaid, whichever is less.
Similarly, interest repayment can be claimed up to the threshold limit under section 24b, which is Rs. 2 lakh (if the house is self-occupied) or actual interest paid on the home loan, whichever is lesser. In case the house you own is rented out, you can claim the entire interest you pay on the home loan as the deduction.
What are the requisites?
You can claim HRA exemption if you are living on rent, whereas you claim the deduction for repayment of the home loan. You can claim tax benefit for both, but only if you fulfill the conditions.
Let’s say you have bought a house by taking a home loan and you also live in it. In this case, you will not be able to claim HRA, but will be able to claim tax benefits on both the principal and interest.
If you have bought a house with the help of a home loan and live in another house on rent, you can claim tax benefit for both. But if the house you bought and the house you live in are in the same city, you should have a genuine reason for not living in the house that you own. The reasons could be that the house you own is too far from your workplace, or the commute is very difficult.

You may need to provide these explanations to your employer, or the income tax authority in case there is a scrutiny of the details that you have provided.

You can claim tax benefit for both, but only if you fulfill the conditions :-

If you are living on rent and also servicing a home loan, you can take advantage of claiming tax exemption for both house rent allowance (HRA) and repayment of a home loan. The equated monthly installment (EMI) against your home loan is a combination of principal repayment and interest on the outstanding loan. All three—HRA, principal repayment, and interest payment—can be claimed as an exemption under separate sections of the Income-tax Act. However, there are certain conditions that you need to fulfill before you can do so. Let’s have a look at these.

Download House Rent Exemption Calculator U/s 10(13A)

Exemptions and deductions
Income tax rules allow tax payers to claim exemption against some investments and expenses that the assessee has incurred out of her gross income. While the exemption for HRA can be claimed under section 10(13A) of the Income-tax Act, principal repayment of a home loan and interest on it can be claimed under sections 80C and 24b, respectively.
HRA can be claimed as lowest of actual HRA received from the employer or 50% of the salary for employees living in metro cities (40% for those residing in cities other than metro) or actual rent paid minus 10% of salary (basic + dearness allowance + turnover based commission).
Principal repayment exemption can be claimed up to the threshold limit under section 80C, which is Rs.1.5 lakh, or the actual principal repaid, whichever is less.
Similarly, interest repayment can be claimed up to the threshold limit under section 24b, which is Rs. 2 lakh (if the house is self-occupied) or actual interest paid on the home loan, whichever is lesser. In case the house you own is rented out, you can claim the entire interest you pay on the home loan as the deduction.
What are the requisites?
You can claim HRA exemption if you are living on rent, whereas you claim the deduction for repayment of the home loan. You can claim tax benefit for both, but only if you fulfill the conditions.
Let’s say you have bought a house by taking a home loan and you also live in it. In this case, you will not be able to claim HRA, but will be able to claim tax benefits on both the principal and interest.
If you have bought a house with the help of a home loan and live in another house on rent, you can claim tax benefit for both. But if the house you bought and the house you live in are in the same city, you should have a genuine reason for not living in the house that you own. The reasons could be that the house you own is too far from your workplace, or the commute is very difficult.

You may need to provide these explanations to your employer, or the income tax authority in case there is a scrutiny of the details that you have provided.

 
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