Category Archives: Income Tax Calculator

Want a safe option to save tax and fund your retirement? Invest in PPF With Automated Income Tax Revised Form 16 Part B for F.Y. 2019-20

[ad_1] When it comes to saving taxes, the Public Provident Fund (PPF) is one product a lot of people turn to There are two reasons for this: its tax-free yearly interest and the annual compounding. Since the PPF has a long tenure of 15 years, the impact of compounding is huge, especially in the later […]

Corona-virus outbreak ,Govt of India suspends all tourist visas until April 15

[ad_1] The health ministry said all travelers, including Indians who visited China, Italy, Iran, Republic of Korea, France, Spain and Germany, and arrived in India after February 15 shall be quarantined for a minimum 14-day period. The government said on March 11 that it will suspend all tourist visas in a sweeping attempt to prevent […]

Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U With Automated Income Tax Revised Form 16 Part A&B and Part B with Form 12 BA for F.Y.2019-20

[ad_1] The Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a differently abled person. Sections 80DD and 80U of the Income Tax Act deals with the medical expenditure incurred for this purpose. Though the working of these two […]

Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019

[ad_1] google-site-verification: googlecf757d27cbdf8063.html Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019 – itaxsoftware.net As per the West Bengal Finance Department has changed the Pension Form Single Comprehensive Form in a new modified format vide Notification No. 416-F, Dated 09/08/2019.Some […]

CBDT modifies Income tax Form 16 Part B With Automated Income Tax Revised Form 16 for F.Y. 2019-20

[ad_1] The Central Board of Direct Taxes (CBDT) have introduced a new Format for Form 16 and Form 24Q, which are referred as salary TDS certificate. From the looks of the new Forms it can be said that, claims under various sections have been enhanced and cumulative. Also,  new columns and sections have been added […]

Convert Numbers to Words/Text in Excel WITHOUT pasting macros again! – INWORD Excel Addin

[ad_1] This has been long overdue and I am happy that an Excel add-in that helps convert numbers to words or text is finally here. Just install this add-in and you can easily convert numbers to words in several popular currencies using relevant type of function INWORD. Unlike a painful process of pasting macros to […]

Income Tax Department has revised Form 16 With Automated Income Tax Excel Based Form 16 Part B and Part A&B in Revised Format for F.Y. 2019-20

[ad_1] The amended form will come into effect from May 12, 2019. In other words,This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16 However,The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration […]

New Format of Form 16 for A.Y. 2019-20 With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20

[ad_1] The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for […]

Claiming tax relief on salary arrears? Don’t forget to file Form 10E With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E in Excel from the F.Y. 2000-01 to F.Y. 2019-20

[ad_1] Receiving salary or pension in arrears might change your tax situation. You may fear it’s going to move you up a tax slab. Or tax rates may be higher in the year arrears are received as compared to the year to which they belong. To protect you from any additional tax burden, due to […]

Income Tax Department has revised Form 16 With Automated Income Tax Excel Based Form 16 Part B and Part A&B in Revised Format for F.Y. 2019-20

The amended form will come into effect from May 12, 2019. In other words,This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16 However,The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received […]