It is time to calculate Income Tax for Salaried Employee either they are Central Government Employee or State Government Employee, that's why the Salaried employee wants to perfect calculation about Income Tax to pay for the Asstt. Year 2016-17 after all relevant deductions effected.
This is Updated Tax Calculation Utility. It is very easy to Calculate actual net Payable or Refundable Tax after input all relevant data regarding tax calculations.
To find out your Taxable Salary, look up your CTC. Include all fixed components - Basic Salary, HRA (exclude exemption), all fixed allowances. Include bonus payment (if you don't have actual numbers take an estimate). Do not include reimbursements like telephone bills or medical bills. Also exclude retirement benefits which are not paid to you with your salary, like PF and Gratuity.
This is Updated Tax Calculation Utility. It is very easy to Calculate actual net Payable or Refundable Tax after input all relevant data regarding tax calculations.
To find out your Taxable Salary, look up your CTC. Include all fixed components - Basic Salary, HRA (exclude exemption), all fixed allowances. Include bonus payment (if you don't have actual numbers take an estimate). Do not include reimbursements like telephone bills or medical bills. Also exclude retirement benefits which are not paid to you with your salary, like PF and Gratuity.
Updated Tax Calculation Utility Facilities :
It Calculate Income Tax, Generate Month-wise Salary Statement and
Form 16 with Annexure "A" and "B" as per CBDT norms. This utility saves personal Data yearwise. All the deductions taken
under Chapter -VIA and others are also applicable.
Deduction
of Chapter-VIA and other applicable Deductions i.e. u/s. 80G, 80E, 80D
as well as u/s. 89(i) it Calculate accurate Income Tax and surcharge
there on. It suggest to Salaried Employee (Taxpayee) whether he is Tax
payable or Refundable.
Physical Requirements:
- OS required Windows-2000, XP, Vista, Windows-7, Windows-8 etc.
- MS Office-7 or Above Version is required.
- Printing Facility Provides on Inkjet, Ledger Printer and other printers.
- Required Standard A4 Size Paper Sheets.
Data Entry:
- Only "White" Cells are provide for input data.
- Press Mouse Buttons for applications which you want to operate.
Key Features:
- It maintain Each Employee Data.
- It Calculate Gross Income as per current D.A. Rates automatically as per Government D.A. Rates.
- It Provides Facility to Enter Data Manually along with all Arrears etc.
- It Calculate Tax Liability.
- It Display Month-wise Salary Statement for Asstt. Year 2016-17.
- It Generate TDS Certificate (Form 16) Automatically with Annexure "B".
