Download Automatic All in One IncomeTax Preparation Excel Based Software for Govt & Non-Govt (PrivateEmployees) for F.Y.2016-17.
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| Main Data Input sheet |
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| Salary Structure for Govt & Non-Govt Employees |
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| Tax Compute Sheet |
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| Main Data Input Sheet for Arrears Relief Calculator |
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| Arrears Relief Calculator with Form 10E |
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| Automatic Form 16 Part A&B |
Feature of this Excel Utility :-
1) Prepare at a time Individual
Salary Structure as per Govt & Non-Gvt Employees Salary pattern.
2) Prepare Individual Salary Sheet
3) Prepare Individual Tax Compute
Sheet
4) Automatic H.R.A. Exemption
Calculation U/s 10(13A)
5) Automatic Arrears Relief
Calculator with Form 10E from F.Y. 2000-01 to 2016-17
6) Automatic Income Tax Form 16 Part
A&B for F.Y.2016-17
7) Automatic Income Tax Form 16 Part
B for F.Y.2016-17
8) Automatic Convert the amount in
to the In-Words
Below given a Snapshot where you can guess the All
Income Tax Deduction and the Tax Section Limit for the Financial Year 2016-17
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) Max.Limit Rs.1.5 Lakh
Section
80CCD(1B): Investment
in NPS (Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)?), Max limit Rs. 50,000/-
Section
24: Interest paid on
Home Loan for Self occupied homes. No Limit for Rented house, Max Limit Rs. 2,00,000/-
Section
80EE: Additional exemption
on Home Loan Interest for First time home buyers. (Budget 2016), Max Limit Rs. 50,000/-
Section
80E: Interest paid on
Education Loan. No upper/lower Limit! (Tax Benefit on Education Loan
(Sec 80E) , Actual Expenses
Section 80CCG: 50%
of investment in RGESS approved stocks & mutual funds. Max investment limit
is Rs 50,000 (RGESS – Save Taxes up to Rs 25000)
Section
80D: Premium payment for
medical insurance for self and parents. Also includes Rs 5,000 limit for
preventive health checkup (Making Sense of Tax Benefit on
Health Insurance u/s 80D), For Medical Insurance for below 60 years Rs. 25,000/- and Sr.Citizen Rs. 30,000/-
Section
80DDB: Treatment of Serious
illness for self and dependents (Limit of Rs 80,000 for person above 80 years,
Rs 60,000 for person above 60 years and Rs 40,000 for rest)
Section
80U: Physically Disabled
Tax payer (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for more than
80%)
Section 80DD: Physically
Disabled Dependent (Rs 75,000 for 40% to 80% disability and Rs 1,25,000 for
more than 80%)
Section
80G: Donation to approved
charitable funds like Prime Minister Relief fund, etc
Section
80GGA: Donations for
scientific research or rural development
Section
80GGC: Donations to
political parties
Section 80GG: In case you do not receive HRA from employer or are
self-employed but NO house in your name (Claim Tax Benefit for Rent Paid
u/s 80GG
Section 80TTA: Interest
received in Savings Account,Max Limit Rs. 10,000/-
Section 87A :- Tax Rebate Rs.5000/-
who’s taxable income less then 5 Lakh
