Prepare at a time 50 Employees’ Form 16 Part B for the F.Y.2023-24 As per New and Old Tax Regime U/s 115 BAC

80TTA

In the complex landscape of income tax filing, Form 16 Part B stands out as a crucial document for both employers and employees. Therefore, Let’s embark on a journey to understand this form comprehensively and navigate the intricacies of filing for the fiscal year 2023-24. Introduction In other words, In the realm of tax compliance, Form 16 Part B plays a pivotal role. Therefore,  This article delves into its intricacies, serving as a guide for employers managing a workforce of 50 employees or more. However, Understanding Form 16 Part B…

Changes in the new tax regime: everything you need to know | Excel-based Income Tax preparation program for Non-Govt Employees (private) employees for F.Y.2023-24 and A.Y.2024-25

ARREARS RELIEF

 Changes in the new tax regime: everything you need to know | A new tax regime has been introduced through the Union Budget 2020. In this tax regime, the income tax rates are lower and if a person opts for this regime, he will have to lose most of the benefits. Who can choose the new tax regime? Only individuals and Indian Undivided Families (HUFs) can opt for the new tax regime. That is partnership firms, companies, associations of individuals, legal entities, and trusts cannot opt for this tax regime. Are there any changes…

Everything you need to know about Form 16 – TDS Certificate for Salary| With Auto Calculate Income Tax Form 16 Part A&B and Part B for the F.Y.2022-23 & A.Y.2023-24 in Excel

Everything you need to know about Form 16: TDS Certificate for Salary | Employers issue Form 16  TDS certificates to their employees. It is proof of the deduction of tax at source from the employee’s  salary. Furthermore, the genesis of this form can be seen in section203 of the Income Tax Act 1961 as  TDS. It is a part of the income under the “salary” heading. Therefore, When is Form 16 issued? In other words, Form 16 is issued on the employer’s tax deduction from the employee’s salary. The tax deducted by the…

A Salaried Employee’s Tax Proof Certificate Form 16| With Auto Calculate and Auto Preparation Excel Based Master of Form 16 for the F.Y.2022-23 and A.Y.2023-24

 A Salaried Employee’s Tax Proof Certificate Form 16| You must obtain your Form 16 from your  employer if you are a salaried employee. Here are the basics and how to file your income tax return If you’ve been an employee for a while, you know the dates and other documents associated with an income tax return. That is, it’s Form 16, Section 80C benefits, and July 31st. But if you started working recently, or say last year, this will be your first time filing your income tax return, and on occasion, you would probably get…

Form 16 A and B- the two sides you need to know| With Auto Calculate and Auto Prepare Form 16 Part B and Part A&B both for the F.Y.2022-23 in Excel

Form 16 A and B- the two sides you need to know| Attention all salaried employees in India! Are you ready to discover the mystery behind the Salary? Certificate Form 16? This important document not only summaries your income but also contains the key to your tax deduction. But wait, did you know that there are two TDS certificates, Form 16A, and Form 16B? Each section provides unique information about your finances that you need to learn to accurately prepare your tax returns. So get ready to dive into the exciting world of Form 16 and check out the exciting…