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 from other employers, Therefore, making it more comprehensive to help check tax avoidance.

The amended form will come into effect from May 12, 2019. For instance, This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16. Form 16 is a certificate issued by employers, giving details of employees’ TDS (tax deducted at source) usually by mid June and is used in filing I-T returns.

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16Part B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part 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 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

The move is aimed at stricter scrutiny of claims made by assessees to check tax avoidance or evasion.

The Income-tax Act, 1961 requires every employer to issue a certificate giving details of salary along with the tax deducted at source (TDS) of each its employee in Form 16  Above all,

It will also include segregated information regarding

In other words, The move is aimed at stricter scrutiny of claims made by assessees to check tax avoidance or evasion.

In addition, The Income-tax Act, 1961 requires every employer to issue a certificate giving details of salary along with the tax deducted at source (TDS) of each its employee in Form 16.

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

It will also include segregated information regarding deductions under various tax saving schemes, . However, , investments in tax savings instruments, different allowances received by the employee as well as income from other sources.

Similarly,Among other things, the revised Form 16 will also include details of deductions in respect of interest on deposits in savings account, and rebates and surcharge, wherever applicable.

For instance, The I-T department has already notified income tax return forms for fiscal 2018-19. Salaried class and those who do not have to get their accounts audited, will have to file their ITRs by July 31 this year.

Meanwhile, the income tax department has also modified Form 24Q, which is furnished by employer to the tax department. It will include additional details like Permanent Account Number (PAN) of non-institutional entities from whom the employee has taken loan for buying or constructing housing property.

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part A & B (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part A & B in New Format for A.Y. 2020-21]

 The main feature of this Excel Utility:-

13)                     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 ]

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

In addition, The Form 16 and Form 24Q have been amended with an intent to make them more informative. Above all, the same has been done in order to bring the Forms in parity with latest changes made in ITR Forms such as disclosure of standard deduction and exemptions claimed under section 10.

In conclusion, “Earlier, where the disclosure of various deductions were mentioned in a consolidated manner, ranging from 80C, 80CCD, 80E, 80G would now be required to be disclosed separately. After that, these specific disclosures would provide ease to the tax authorities in understanding the various components of income of the taxpayer and thereby, facilitating the conduct of scrutiny more precisely,”

Download And Prepare At a Time 50 Employees  Automated Income Tax Form 16 Part B with 12 BA (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B with 12 BA in New Format for A.Y. 2020-21]

 The main feature of this Excel Utility:-

19)                     Prepare At time 50 Employees  Excel Based  Form 16 Part B with 12 BA ( 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  B with 12 BA

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

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