Exception Savings Bank Interest U/s 80TTA raised Rs. 40,00/- as per Budget 2019 With Automated Income Tax Master of Form 16 Part A&B in Revised Format For the F.Y. 2019-20

Deductions under Section 80TTA will not be allowed for the interest earned amount on fixed deposits and it is taxable as per the normal slab rates as indicated by the Union Budget. The tax deducted at source will also be applicable if the interest earned amount exceeds Rs 10,000 per annum (The interim budget 2019 has upped the interest earned amount to Rs 40,000 per annum). As deduction for any income amount earned through fixed deposits is not allowed in the same way, the deduction under Section 80TTA cannot be claimed against the interest amount earned from recurring deposits. Individuals and Hindu Undivided Family (HUF) are allowed to claim for deductions under this section. Others including firms, corporates, entities, artificial juridical person, the body of individuals, association of persons either domestic or foreign-based ones are not allowed to claim a deduction as per Section 80TTA. Maximum Deduction

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:-

1)   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 ]

2)   All the Amended Income Tax Section have in this utility as per Budget 2019

3)   You can print individual Form 16 Part  A&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

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