October 21, 2020

Itax Software

Income Tax Software

Download Automated Master of Form 16 Part A&B for F.Y.2019-20 with Changes in Income Tax Rules as per the Central Budget 2019:

1.              
Rebate under
Section 87A 
changed from Rs 2,500 to Rs
12,500 or 100% of income tax (whichever is lower) for individuals with income
below Rs 5 Lakhs (from Rs 3.5 Lakhs)
2.              
Standard
Deduction
 raised
 for Salaried &
Pensioners from Rs 40,000 to Rs 50,000
3.              
Increased Tax for the super-rich: Surcharge
increased to 25% for income between 2 to 5 crore & to 37% for income beyond
Rs 5 crores
4.              
Additional Tax Deduction of Rs
1.5 lakhs
 u/s 80EEA on home loans on purchase of the affordable
home
5.              
Additional Tax Deduction of Rs
1.5 lakhs
 u/s 80EEB on Auto loans on purchase of Electric vehicles
6.              
No Tax on Notional Rental Income
from Second House
7.    TDS
threshold increased
 from Rs 10,000 to Rs 40,000 on Bank
Interest Income
Income Tax Slab for FY 2019-20 [AY 2020-21]

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 Form 16 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 A&B Vide
CBDT Notification No.36/2019 Dated 12/04/2019
]( Who have not able to
Download the Form 16 Part A from the Income Tax Traces Portal, they can use
this Excel Utility)
1)  
All the Amended Income Tax
Section have in this utility as per Budget 2019
2)  
You can print individual
Form 16 Part Part A&B
3)  
Most easy to install just
like an Excel File
4)  
Easy to Fill the all column
5)  
Automatic Convert the Amount
to the In-Words

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