Download & Prepare at a time Tax Computed Sheet + Individual Salary Structure + Individual Salary Sheet + Automatic HRA Exemption Calculation + Form 16 Part A&B and Part B for Only West Bengal Govt Employees for Financial Year 2015-16
W.B.Govt Employees Salary Structure
Details of tax deductions as per Budget 2015-16 are as follows:
Deduction u/s 80C Rs 1,50,000 is same.
Deduction u/s 80CCD has been increased by Rs 50,000 towards New Pension Scheme. The total contribution has been increased from Rs 1 Lakh to Rs 1.5 Lakh
Deduction on account of interest on house property loan (Self occupied property) Rs 2,00,000.
Deduction u/s 80D on health insurance premium Rs 25,000, increased from Rs 15000. For Senior Citizens it has been increased to Rs 30,000 from the existing Rs 20,000. For very senior citizen above the age of 80 years, not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure.
Exemption of transport allowance Rs 19,200 (Increased from Rs 800 pm to Rs 1600 pm). & Phy. Disable Persons Rs. 3200/- P.M.
Payments (Interest & maturity amounts) on Sukanya Samriddhi Account Deposit Scheme is exempted from Income Tax Under Section 80c. So it comes under Exempt – Exempt – Exempt tax category. It looks better than PPF (Public Provident Fund) now.
Other deduction except U/s 80C
Tax-free infra bonds proposed for funding irrigation, rail & road infrastructure projects.
100% TAX DEDUCTION on contributions made to SWACHH BHARAT & CLEAN GANGA initiatives
Additional deduction of Rs 25,000 is allowed for Phy-disabled persons, increasing the limit from Rs 50,000 to Rs 75,000 (under Section 80 U) .
It is also increase the limit of eduction from Rs 1 lakh to Rs 1.25 lakh in case of severe disability.
Deduction limit of Rs 60,000 on expenditure on account of specified diseases is enhanced to Rs 80,000 in the case of senior citizens (Under Section 80DD of the Income Tax Act).