Automated Income Tax Revised Form 16 Part A and B and Part B for the F.Y.2020-21 as per new Section 115 BAC

New and Old Tax Regime U/s 115 BAC

In Budget of 2020 delivered a new phase of 115 BAC. In this section, you can opt as a new tax slab or old tax slab which called new and old tax regime. Additionally, a prescribed new form introduced in this budget 2020 forgives your option through this form 10-IE.

You can choose-in as new tax regime with a new tax slab or you could choose-in as antique tax regime with Old tax slab.

Download the Master of Form 16 Part A&B for the Financial Year 2020-21 and Ass Year 2021-22 as per the new section 115 BAC including Tax Calculation in the new style as New and Old Tax Regime as you choose.[This Excel Utility can prepare at a time 50 Employees as per new and old tax regime]

Revised Income Tax Form 16
Revised Income Tax Form 16

In case you choose the new tax regime, you cannot capable of getting any profits tax advantages besides the NPS benefits. All of the income tax exemption can not be entitled to this new tax slab. So, why you choose the brand new tax regime U/s 115 BAC.

Within the new tax regime, the tax slab is different from the previous financial year tax slab.

You may get benefits in this new tax slab from Rs..7.5 lakh to ten lakh the price of tax @10%, in which the old tax slab between this Rs..5 lakh to 10 lakh @ 20%. Underneath displaying both tax slabs as the first new tax slab and subsequent is old tax slab.

Tax Slab for A.Y.2021-22
Tax Slab for A.Y.2021-22

Download the Master of Form 16 Part B for the Financial Year 2020-21 and Ass Year 2021-22 as per the new section 115 BAC including Tax Calculation in the new style as New and Old Tax Regime as you choose.[This Excel Utility can prepare at a time 50 Employees Form 16]

But, in this financial year, most of the taxpayers are pressured about the brand new section 115 BAC and also burdened approximately new and old tax regime.

I have already clean that in simple words what is the each inside the 2d paragraph in this article. 

Download the Master of Form 16 Part B for the Financial Year 2020-21 and Ass Year 2021-22 as per the new section 115 BAC including Tax Calculation in the new style as New and Old Tax Regime as you choose.[This Excel Utility can prepare at a time, 100 Employees]

Under given a unique excel based software within the name of the master of Form 16. You may use this unique software and you can put together the new revised Form 16 Part A&B and Part B such as the tax calculator as in step with the section 115 BAC with new and old tax regime.

This excel utility can use together at a time Form 16 part A&B including calculating your Income Tax as per U/s 115 BAC.

Download the Master of Form 16 Part A&B for the Financial Year 2020-21 and Ass Year 2021-22 as per the new section 115 BAC including Tax Calculation in the new style as New and Old Tax Regime as you choose.

Revised Income Tax Form 16
Revised Income Tax Form 16

Main Feature of this Excel utility:-

1) This Excel Utility Prepare at a time 100 Employees Form 16 Part A&B for F.Y.2020-21

2) Auto Calculate Income Tax as per your option as New or Old Tax Regime U/s 115 BAC

3)  This Excel Utility Prepare at a time 100 Employees Form 16 Part A&B for F.Y.2020-21 & A.Y.2021-22 as per new section 115 BAC.

4) In this utility have a column for choosing your option as New or Old Tax Regime U/s 115 BAC.

5) All the Income Tax updated Section you can find in this Excel Utility which can calculate automatically

6) Inbuilt Salary Structure for calculating income tax easily with all the Income Tax Section as per the Income Tax Act.

7)  Automatic Convert the amount to in-words without any Excel Formula.

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