[ad_1] Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Therefore, Taxpayers who have such questions in their mind, here is all that you need to know. you can reduce your tax by the filling of arrears relief calculation U/s 89(1) and Form 10e By now, you would have already figured out that income tax is calculated…
Year: 2020
What is the utility of Income Tax Salary Certificate Form 16?
[ad_1] · Form 16 is an Income Tax form issued under section 203 of the IT Act for Tax Deducted at Source from an employee’s salary. Form 16 contains a detailed record of every tax deducted from the salary of the employee by the employer. · Form 16 contains all details about salary paid by the employer, it contains salary structure, salary breakdown and the tax deducted from the employee’s salary. That’s why it is also called the Salary Certificate. Where can I get a Form 16? In other words,…
New Income Tax Regime for F.Y. 2020-2021 With Automatic Income Tax Revised Form 16 Part B for F.Y. 2019-20
Budget 2020 became taken into consideration to be unique in many ways. It become the first price range of the last decade 2020. Moreover it changed into the most predicted price range nowadays as Indian economy become grappling from a slowdown in the increase fee for more than one quarters. People were expecting sizable charge cuts in non-public income tax prices after a historic rate cut in Corporate Taxes on twentieth September 2019 to reinforce intake in the economy. However the Government did cut the tax fee however it did…
Instant PAN through Aadhaar Card – How to apply for instant PAN?
Income Tax has launched the facility of issuing Instant PAN card through Aadhaar. This facility is free and available on the Income Tax e-filing website. It is a completely paperless process with the issuance of e-PAN card nearly real-time. The e-PAN card issue via this method holds similar value as a physical PAN card. This card contains a QR code. QR code holds complete information about PAN card such as Name of the holder, DOB, Father’s name as well as biometric. In order to get Instant PAN card all you…
Instant PAN through Aadhaar Card – How to apply for instant PAN?
[ad_1] Income Tax has launched the facility of issuing Instant PAN card through Aadhaar. Therefore, this facility is free and available on the Income Tax e-filing website. It is a completely paperless process with the issuance of e-PAN card nearly real-time. The e-PAN card issue via this method holds similar value as a physical PAN card. This card contains a QR code. QR code holds complete information about PAN card such as Name of the holder, DOB, Father’s name as well as biometric. In order to get Instant PAN card…
India Govt gives permitted for Aadhaar-Voter ID linking
[ad_1] Aadhaar-Voter ID linking process gets the Modi government permitted. The Union Law Ministry has given its approval for Aadhaar Card Voter ID linking process, a proposal put forwarded by the Election Commission of India (ECI). The poll watchdog sought legal powers to resume the process of linking of 12-digit Aadhaar numbers with Voter ID. The poll watchdog has emphasized the need for seeding of Electors Photo Identity Cards (or EPIC) or Voter cards with Aadhaar claiming that the move would weed out duplicate entries and bogus voters, and thereby…
New Format of Form 16 for A.Y. 2020-21 With Automatic Excel Based Income Tax Form 16 Part B and Form 16 Part A&B in Revised Format.
[ad_1] 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. 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…
Automatic Excel Based Income Tax Form 16 Part B and Form 16 Part A&B in Revised Format.
The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. Therefore, 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. 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…
Master of Form 16 Part B and 100 Employees Form 16 Part A&B F.Y 2019-20
Tax Saving Sections for the Financial Year.2019-20 (as per Finance Budget 2019) Section 80C/80CCC/80CCD: Investment in EPF, ELSS, PPF, FD, NPS, NSC, Pension Plans, Life Insurance, SCSS, SSA and NPS. Also includes Home Loan Principal repayment, Tuition Fees, Stamp Duty (Best Tax Saving Investments u/s 80C) Section 80CCD(1B): Investment in NPS (Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B) 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…
Download and Prepare at a time 50 Employees Automated Income Tax Form 16 Part B For Financial Year 2019-20 ( Modified Format of Form 16 Part B [ As per the CBDT Notification No.36/2019 Dated 12/04/2019]
Download And Prepare At a Time 50 Employees Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B in New Format for A.Y. 2020-21] The main feature of this Excel Utility:- 1) Prepare At time 50 Employees Excel Based Form 16 Part 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…