Now a days every Taxpayee Salaried Employee wants to check how much Income Tax to pay for Asstt. Year 2016-17 after all deductions effects.
This Tax Calculation Utility is very easy to Calculate Total Payable or Refundable Tax when salaried employee earn Income from Salary and other source of Income annualy.
What is the meaning of Taxable Salary ?
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 Tax Calculation Utility is very easy to Calculate Total Payable or Refundable Tax when salaried employee earn Income from Salary and other source of Income annualy.
What is the meaning of Taxable Salary ?
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.
Facility of this software:
To Calculate Income Tax, Generate Month-wise Salary Statement and
Form 16 with Annexure "A" and "B" in new amended format. In this
Software Taxpayee (Salaried Employee) Enter their personal Data i.e.
under Chapter -VIA Deductions and other applicable Deduction like as
House Loan Interest, HRA Exemption, Income from Other Source etc. After
enter
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".
