The Financial Year 2015-16 has going to end on 31/4/2016 and as per the Finance Budget 2015, the Tax Slab have not changed, same as previous financial year 2014-15. But Limit of some Tax Section has Increased by this Finance Budget.
1) The Section 80U have increased 75000/- P.A. and Rs. 125000/- P.A. for Blind persons.
2) Traveling Allowances also raised up to 1600/- P.M. and Blind Person can avail Rs. 3200/- P.M.
3) Section 80D Raised Rs. 25000/- and Sr.Citizen Rs. 30,000/-
4) New Section 80CCD (1B) ( N.P.S.) Extra deduction Rs.50,000/- out of U/s 80 C limit 1.5 lakh
.It is necessary to calculate your Tax Liability for the Financial Year 2015-16 as the D.A. has also increased to the Govt employees time to time.
The below given Excel based Software (ONLY FOR ARUNACHAL PRADESH STATE EMPLOYEES) which can prepare at a time Income Tax Computed Sheet + Automatic House Rent Exemption calculation + In built Salary Structure as per the Arunachal Pradesh State Govt employees which prepared on the basis of Salary Pattern + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2015-16 and Assessment Year 2016-17.
It is most hazard to calculate individually HRA Calculation separately another sheet. This Excel Utility can prepare all the calculation just a moment. Thus your time may reduce for calculating the actual Income Tax of each employee.
Feature of this Utility:-
- · Automatic Calculate Income Tax with Tax Computed sheet individually
- · Individual Salary Structure for calculating the Gross Salary Income as per the Arunachal Pradesh State employees Salary Pattern.
- · Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)
- · Automated Form 16 Part A&B
- · Automated Form 16 Part B
- · Automatic Convert the Amount in to In Words
This Excel Based Software Can prepare more than 500 employees Tax Computed One by One.