Tax News

Download Automated Income Tax Form 18 Part B for F.Y. 2018-19 with Benefit of 80C is not available if income tax return is filed after due date is a misconception for the F.Y.2018-19

The benefit of 80C is not available if income tax return is filed after the due date is a misconception As per existing provisions of Section 80AC of the Act, no deduction was admissible under section 80-IA or section 80-IAB or section 80-IB or section 80-IC or section 80…

A Complete Guide to Tax Exemption for Financial Year 2018-19, With Automated Master of Form 16 Part B for F.Y.2018-19

Tax planning is overwhelming for most of us. With the complex network of various sections, sub-sections, and provisions, it is crucial to completely understand tax provisions are applicable to you, and what can work for or against you. If you are losing your sleep over your t…

Transport Allowance withdrawn from FY 2018-19/ AY 2019-20, CBDT notifies, With Automated All in One TDS on Salary for Govt & Non-Govt Employees For F.Y.2018-19

Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April 2019 (FY 2018-19/ AY 2019-202…

Download and prepare at a time 100 Employees Form 16 Part B for F.Y.2018-19 With New Income Tax Deduction Under Section 80C For FY 2018-19 And AY 2019-20

Deduction Under Section 80C in the financial year  Budget 2018-19 has not removed the burden of much tax from the common people. It has proved rather a boon for senior citizens. Latest Income Tax  Slab Rates For FY 2018-19 The taxpayer can only take maximum rs 150,000  …

Download Automated Income Tax Form 16 Part A&B and Form 16 Part B for F.Y. 2018-19 & Ass Year 2019-20

This Excel Utility most easy to generate and easy to install in any computer just like as Excel File. This Excel Utility can prepare at a time Income Tax Form 16 Part A&B and Form 16 Part B for the Financial Year 2018-19 and Ass Year 2019-20.

Automated Income Tax Prepare Excel Based Software for F.Y.2018-19 with Important Changes in Tax Rules from FY 2018-19

Every budget makes some changes to tax laws every year and Budget 2018 was no different. We must be aware of these changes and plan our taxes and investments accordingly. Below are the  13 changes that Budget 2018 made and all of these would be applicable from April 1, 2018…

What is the Maximum Income Tax You can Save for FY 2018-19? With Automated Arrears Relief Calculator for F.Y.2018-19

What is the Maximum Income Tax I can save for this Year (FY 2018-19)?   A question I am often asked. Tax laws keep changing year on year, especially in Budget. In this post, we summarize all the tax saving sections. S. No.Tax Sections Description Maximum Tax Exemp…

Section 80D: Deduction in respect of Medical Insurance, Plus Automated 100 employees Form 16 Part B for F.Y.2017-18

The deduction is available up to Rs. 30,000/- for senior citizens and up to Rs. 25,000/ in other cases for insurance of self, spouse, and dependent children. Additionally, a deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 30,000…

Easy to Pay Income Tax Challan 280 through Online

How to Pay Income Tax Challan 280 through Online?   –  It appears that a lot of rush in Banks for paying income tax challan during the first week of every month. After the introduction of Penalty for delay payment of challan has made the thing worst at OLTAS paying branches of …

Automated TDS on Salary All in One for Assam State Govt Employees for F.Y.2017-18 with NPS Tax Benefits – Sec.80CCD(1), 80CCD(2) and 80CCD(1B)

Prepare at a time Automatic Income Tax Form 16 Part A and B and Part B for One by One for F.Y.2016-17, With Main Deduction of Income Tax For F.Y.2016-17

Download & Preparation Excel Based Income Tax Form 16 Part A&B and Form 16 Part B for Financial Year 2016-17 [ This Excel Based utility can prepare One by One Form 16 for f.Y.2016-17] 1) Download Automatic Form 16 Part B for F.Y.2016-17   [ This Utility can prepare O…

Prepare at a time Tax Compute Sheet + Automatic H.R.A. Exemption Calculation + Automated Arrears Relief Calculation with Form 10E + Automated Form 16 Part A and B and Part B for F.Y.2016-17

The Finance Budget 2016  has to introduce or extend the Tax Deduction limits Under few Sections of the Income Tax Act. For the Financial Year 2016-17 & Assessment Year 2017-18. Let us understand all the important sections and new introduce in respect to ‘Income Ta…

Save income tax using health insurance, With Master of Form 16 Part A and B for F.Y.2016-17

There is no denying the need for   adequate health insurance   in your insurance portfolio. If you feel you can’t afford   health insurance premium , just imagine how you will afford the treatment cost, if you were to get hospitalized. Even the government wants you to purchas…