Hello Mr. Das, I used this wonderful utility. It is very nice.
But, there is a minor mistake, i think, in computation sheet, while calculating 3% educational cess. it is not showing exact figure. for example, tax payable=17016/-, education cess should be 510/- but it is showing 507/-. please correct it and oblige.
thanks,
asif
3% cess has been separated in two slab. Firstly deducted 2% as education cess and there after 1% as SHEC and I think it is the correct procedure. If the whole amount is deducted with 3%, you will get a different figure which is very marginal and the same is always ignorable as the income tax department doesn’t care the marginal amounts upto rupees 100.
Hello Mr. Das, You are brilliant I used this wonderful utility. Just excellent and very nice.
But, there is a minor mistake there i.e. Trans. All. maximum exempted for Rs. 800/- for the F.Y. 2014-15 say Total Rs. 9,800/-. And Trans. All. for the F.Y. 2015-16 will be exempted for Rs. 1,600/- P.M. say total Rs. 19,200/- . Therefore, you are kindly be requested to please modify the same and please upload the same utility tool for the F.Y. 2015-16.
What do you mean by Trans. All? Please let me know the details of the exemption and how do you want to show it. It will be a good help to me if you kindly send me a sheet showing the details of the same. I shall make necessary changes to the new utility which I shall prepare for the financial year 2015-16 after acceptance of the Union Budget.
Thanks ,Trans. All. means Transport Allowance which has been shown in your excel utility under Other Allowance head and shown in Col. as T.A. and it can be option either exempted from salary. However, if we take exempted option, it will remove full amount of Transport Allowance (T.A.). But it actually exempted up to certain limit as stated earlier i.e. Trans. All. maximum exempted for Rs. 800/- for the F.Y. 2014-15 total for the F.Y. Rs. 9,800/-. Exempted and Trans. All. for the F.Y. 2015-16 will be exempted for Rs. 1,600/- P.M. total Rs. 19,200/- after acceptance in Union Budget. Also, the Trans. All. to Physically Handicapped Person will be double amount as against normal person and same way the exemption will also be double as per the I.T. Act, Therefore, please confirm before making changes..
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