·
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 Form 16 Part B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part B in New Format forA.Y. 2020-21]
The
main feature of this Excel Utility:-
1)
Prepare At time 100
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 Form
16 Part B
4)
Most easy to install just
like an Excel File
5)
Easy to Fill the all column
6)
Automatic Convert the Amount
to the In-Words
Where can I get a Form 16?
An employer must issue Form 16
to the employees even if there is no tax deduction from the employee’s salary
as Form 16 carries all the information required by an employee and necessary to
file his/ her income tax returns.
How can I use Form 16 to file Income Tax Returns?
In India, the rule for filing
Income Tax is based on The Income Tax Act of 1961 and the Income Tax rules of
1962. Form 16 is issued to verify that the employee’s Income Tax has indeed
been paid. This is the reason why every employer must issue this Form 16 to their
employees if they exceed certain minimum floor limits.
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:-
7)
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 ]
8)
All the Amended Income Tax
Section have in this utility as per Budget 2019
9)
You can print individual Form
16 Part B
10)
Most easy to install just
like an Excel File
11)
Easy to Fill the all column
12)
Automatic Convert the Amount
to the In-Words
Why is Income Tax Form 16 required?
When a salaried individual
realizes the contents of Form 16 then Income Tax Returns filing become more
understandable. With a thorough knowledge of the form 16, an employee will be
able to easily file the Income Tax Return on his/ her own. Understanding Form
16 is also very important if an individual’s only source of income is from
salary.
Form 16 has two section, Part
A and Part B.
Prepare One
by One Automated Income Tax Form 16 Part
B (Modified Format) [This Excel Utility Prepare One by One Form 16 Part B in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
13)
Prepare One by One Excel Based
Form 16 Part B (
Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated
12/04/2019 ]
14)
All the Amended Income Tax
Section have in this utility as per Budget 2019
15)
You can print individual Form
16 Part B
16)
Most easy to install just
like an Excel File
17)
Easy to Fill the all column
18)
Automatic Convert the Amount
to the In-Words
Part A of Form 16
consists of the following:
·
The employee’s name.
·
Address of residence of the employee.
·
The employer’s name and address.
·
Permanent Account Number (PAN) of both the
employer and the employee.
·
Tax Deduction Account Number (TAN) of the
employer.
·
Details of the Assessment Year (the year when
the tax liability is calculated upon the income earned the previous year).
Example; the Assessment Years for income earned between 1 April 2015 and 31
March 2016, will be 2016-17.
·
Details of the employee’s date of joining the
company.
·
A summary of the Tax Deducted at Source (TDS)
which is paid on behalf of the employee by the employer.
Prepare One
by One Automated Income Tax Form 16 Part
A&B and Part B(Modified Format) [This Excel Utility Prepare One by One Form 16 Part A&B and Part B in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
19)
Prepare One by One Excel Based
Form 16 Part A&B and Part B ( Modified Format of Form 16 Part B Vide CBDT
Notification No.36/2019 Dated 12/04/2019 ]
20)
All the Amended Income Tax
Section have in this utility as per Budget 2019
21)
You can print individual Form
16 Part A&B and Part B
22)
Most easy to install just
like an Excel File
23)
Easy to Fill the all column
24)
Automatic Convert the Amount
to the In-Words
Part B comprises of numerous details that are needed while Income Tax
Returns.
Part
B of Form 16 consists of the following:
·
The amount of salary.
·
The amount of any other income which may be
taxable.
·
Details of tax deductions.
·
Details of Gross Income
·
Any deductions made under sections 80C, 80CCC
and 80CCD (always note that the aggregate amount deductible under these three
sections should never exceed Rupees 1 lac).
·
Any deductions under section 80D (health
insurance premium), 80E (interest on education loan), 80G (charity donation)
etc.
These details are very helpful
in assisting the Income Tax Department to maintain a track of the money flow of
the employee and the employer.
Download And
Prepare At a Time 100 Employees
Automated Income Tax Form 16 Part A&B (Modified
Format) [This Excel Utility Prepare At a time 100 Employees Form16 Part A&B in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
25)
Prepare At time 100
Employees Excel Based Form 16 Part A&B ( Modified Format of Form 16 Part B Vide CBDT
Notification No.36/2019 Dated 12/04/2019 ]
26)
All the Amended Income Tax
Section have in this utility as per Budget 2019
27)
You can print individual Form
16 Part A&B
28)
Most easy to install just
like an Excel File
29)
Easy to Fill the all column
30)
Automatic Convert the Amount
to the In-Words
Uses of
Form 16 and its Importance in India Get
Details
How to fill Form 16?
Steps to fill Form 16
Part
A of Form 16 should be filled with the following details:
·
Fill in the name and address of the employer.
·
Name and designation of the employee as recorded
in the company.
·
Permanent Account Number of the employer.
·
Tax deduction and account number where the
deducted amount is saved.
·
The employee’s Permanent Account Number.
·
In the CIT (TDS) section enter the office
details of Income Tax Commissioner.
·
Enter the Assessment Year and Period.
·
Mention the taxes deducted in every quarter.
Download And
Prepare At a Time 50 Employees Automated
Income Tax Form 16 Part A&B (Modified Format) [This Excel Utility Prepare At atime 50 Employees Form 16 Part A&B in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
31)
Prepare At time 50
Employees Excel Based Form 16 Part A&B ( Modified Format of Form 16 Part B Vide CBDT
Notification No.36/2019 Dated 12/04/2019 ]
32)
All the Amended Income Tax
Section have in this utility as per Budget 2019
33)
You can print individual Form
16 Part A&B
34)
Most easy to install just
like an Excel File
35)
Easy to Fill the all column
36)
Automatic Convert the Amount
to the In-Words
Part
B of Form 16 should be filled with the following details:
·
Enter the Gross salary (the total salary before
any deductions added with prerequisites)
·
Mention the allowance paid by the employer
(travel allowances, house rent allowances etc.)
·
Mention the total income of the salary and the
payable tax amount.
Why should I fill Form 16?
Form 16 is required after an
individual files his/ her Income Tax Returns and after the employer files the
Taxes Deducted at Source (TDS) on behalf of the employee. Many institutions
like banks and financers use this document during verification process if an
individual applies for a home loan, car loan, personal loan etc.
Download And
Prepare At a Time 50 Employees Automated
Income Tax Form 16 Part B with Form 12 BA (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B with Form 12 BA in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
37)
Prepare At time 50
Employees Excel Based Form 16 Part B with Form 12 BA ( Modified Format of Form 16
Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]
38)
All the Amended Income Tax
Section have in this utility as per Budget 2019
39)
You can print individual Form
16 Part B with Form 12 BA
40)
Most easy to install just
like an Excel File
41)
Easy to Fill the all column
42)
Automatic Convert the Amount
to the In-Words
FORM 16A
Form 16A is also known as the
TDS certificate, as it is issued to a deductee by the official TRACES website,
it can also be issued to the deductee by a bank after deducting TDS on the
income from interest.
TDS form 16A is applicable for
the income that is earned from various sources, other than salary.
Details that are mentioned in
Form 16A are similar to the details that are present in form 26AS. Income Tax Form 16A, is
issued quarterly, whereas Income Tax Form 16 is issued annually.
Prepare One
by One Automated Income Tax Form 16 Part A&B (Modified Format) [This Excel Prepare One by One Form 16 Part A&B in New Format for A.Y. 2020-21]
The
main feature of this Excel Utility:-
43)
Prepare At time 50
Employees Excel Based Form 16 Part A & B ( Modified Format of Form 16
Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]
44)
All the Amended Income Tax
Section have in this utility as per Budget 2019
45)
You can print individual Form
16 Part A&B
46)
Most easy to install just
like an Excel File
47)
Easy to Fill the all column
48)
Automatic Convert the Amount
to the In-Words
You can check the status of your
TDS certificate Form 16 and Form 16A, by visiting the official Income Tax
e-filing website. Your Form 16A must contain the Traces logo and name along
with the certificate number. If you find a Form 16A without these details, you
must understand that it can be a system generated, invalid TDS Form 16A.
