Exemption limit for the general category of individual taxpayers proposed to be enhanced from Rs 1,80,000 to Rs 2,00,000 giving tax relief of Rs 2,000.
All salaried tax payers earning Income below Rs. 5 Lacs, the Govt. has exempted such salaried tax payers from filing of Income Tax Return for this year also.
This is an Excel Utility for calculating Income Tax and Form 16. This utility is very clean and easy to operate. Just Fill the yellow cells and see the results at red cells. This is prepared by Shri Somnath Das, UDC, Judicial Department, Katwa, Burdwan.
Here is a TDS Preparation Excel Utility with Form – 16 for the financial year 2011-2012 and Assessment year 2012-2013, which may be useful to West Bengal Govt. Employees. This utility have used Indian Rupee Symbol. So, users are requested to install ‘Foradian Font’ prior to use this utility.
Income Tax Preparation Utility in Excel for the FY 2011-2012 and AY 2012-2013, which can prepare at a time the TDS Calculation + Form 16 + SAHAJ (ITR-I).
This utility comes with a bar code. At present it is inter lashed with a particular TAN number. However, bar code can be developed for different TAN numbers.
Automated New SAHAJ (ITR 1) in Excel upon some inputs automatically fill SAHAJ (ITR1) along with acknowledgment. Taking color print out it may be submitted to the Income Tax Department. This may be beneficial for the individual taxpayers having income above 5 lakhs.