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 New Delhi: The income tax department will track more high-value transactions of individuals to ensure that these get reflected in their income tax returns, Central Board of Direct Taxes (CBDT) chairman P.C. Mody said in an interview. Greater use of technology, data analysis and artificial intelligence to comb through large transactions taking place in the market…
What is Income Tax Salary Certificate or Form 16? With Automated Income Tax Form 16 Part A&B and Part B in Excel Format for F.Y. 2019-20 and A.Y. 2020-21
· 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. Download And Prepare At a Time 100 Employees Automated Income Tax…
Download and Prepare One by One Preparation Excel Based Automated Income Tax Form 16 Part B and Part A&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]
The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May 2019. This Format is more explore the employee’s Salary Details. Download And Prepare One by One Automated Income Tax Form 16 Part B and Part A&B (Modified Format) [This Excel Utility Prepare One by One Form 16 Part B and Part A&B in New Format for A.Y. 2020-21] The main feature of this Excel Utility:- 1) Prepare One by One Excel Based Form 16 Part B and…
Income Tax, Arrears Relief Calculator U/s 89(1), Income Tax Form 10E,Income Tax Form 16 Part B , Income Tax Automated House Rent Exemption Calculator U/s 10913A) :
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? Taxpayers who have such questions in their mind, here is all that you need to know. Download Automated Income Tax House Rent Exemption Calculator U/s 10(13A) in Excel Format By now, you would have already figured out that income tax is calculated on the total income of a…
Calculate your Income Tax for the Financial Year 2020-2021 and Assessment Year 2021-2022 As per Budget 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 the India in the Budget 2020. CLICK HERE TO CALCULATE YOUR INCOME TAX CALCULATOR ONLINE FOR THE FINANCIAL YEAR 2020-2021
Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y. 2019-20 in Excel
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? Taxpayers who have such questions in their mind, here is all that you need to know. Download Automated Income Tax House Rent Exemption Calculator U/s 10(13A) in Excel Format By now, you would have already figured out that income tax is calculated on the total income of a…
Important tax benefits of buying a house jointly With Automated Income Tax Revised Form 16 Part B for F.Y. 2019-20 which can prepare at a time 50 and 100 and One by One Prepare Form 16 Part B A.Y.2020-21
Buying a house is a dream for millions of people in India. The government has provided various tax benefits to individuals to encourage them to buy a house property under the ‘housing for all’ initiative. One of the important things to note is that if the property is held jointly, individuals can receive additional tax benefits for the same cost. Highlighted below are the possible tax benefits if the house property is held jointly. A house can be held jointly with anyone not necessarily a spouse or parent, but it…
Exception Savings Bank Interest U/s 80TTA raised Rs. 40,00/- as per Budget 2019 With Automated Income Tax Master of Form 16 Part A&B in Revised Format For the F.Y. 2019-20
Deductions under Section 80TTA will not be allowed for the interest earned amount on fixed deposits and it is taxable as per the normal slab rates as indicated by the Union Budget. The tax deducted at source will also be applicable if the interest earned amount exceeds Rs 10,000 per annum (The interim budget 2019 has upped the interest earned amount to Rs 40,000 per annum). As deduction for any income amount earned through fixed deposits is not allowed in the same way, the deduction under Section 80TTA cannot be…
Artificial Intelligence: Future of Finance With Automated Income Tax Preparation Excel Based Software All in One for Non-Govt employees for F.Y. 2019-20
Artificial Intelligence (AI) is a form of computer science used to create intelligent machines that can recognise human speeds, objects, can learn, play and solve problems like humans. AI can support companies in performing accounting and legal tasks within limited amount of time. Download All in One TDS on Salary for Non-Govt Employees for the F.Y. 2019-20 With H.R.A. Exemption Calculation U/s 10(13A) + Automated Form 12 BA for F.Y. 2019-20+ Automated Revised Form 16 Part B and Form 16 Part A&B for F.Y. 2019-20 The feature of this Excel…
SBI Recruitment 2020: Application begins for specialist cadre officer, armour posts
State Bank of India has invited online application for specialist officer and armours under clerical cadre. There are a total of 106 posts. Check full notifications here. State Bank of India has invited online application for specialist officer and armours under clerical cadre. There are a total of 106 posts. The online application begins today on January 23 and will end on February 12. Candidates can apply online at sbi.co.in/careers Details of post Defence Banking Advisor (Navy & Air Force): 02 Posts Circle Defence Banking Advisor: 02 Posts HR Specialist (Recruitment):…