The Great News to the Salaried Person as relief Rs.2,000/- from Income Tax U/s 87A with Automatic Form 16 Part A&B and Part B for the financial year 2015-16

Section 87A in the income tax Act relating to get the rebate of income tax in case of below given certain clauses : 

A)    The section 87A seeks to provide that an tax payer being an individual , whose total Taxable Income does not exceed 5,00,000/-( After deduction of U/s 10,16,80C and under chapter VI A). It is must be great opportunity to tax relief for below tax payers.

b)      This amendment will take effect from 1^st April 2013 which effect for the Financial Year 2013-14 and Assessment Year 2014-15. How to deduct the Tax Rebate Rs. 2,000/- and where from the deduct this amount. First Calculate the Net Taxable Income > Calculate the Tax on that Taxable Income as per the Slab > Less the Rebate Rs. 2,000/- ( Who's Taxable Income less than 5 Lakh) > Calculate the Education+Cess @3% , the Total Tax will be appear. 

You can see the how to calculate the Rebate of Tax through the below given Automatic Form 16 Part A&B and Part B For the Assessment Year 2014-15.

Click below to Download the Automated Form 16 Part B and Part A&B for FY 2015-16

1) One by One Preparation of Form 16 Part B for the F.Y.2015-16

 2) One by One Preparation of Form 16 Part A&B For F.Y.2015-16

3) Master of Form 16 Part B for F.Y.2015-16 ( Prepare at a time 50 employees Form 16 Part B)

4) Master of Form 16 Part A&B for F.Y. 2015-16 (Prepare at a time 50 employees Form 16Part A&B )