The Income Tax the department has revised Form-16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance.
It will also include segregated information regarding deductions under various tax saving schemes, investments in tax savings instruments, different allowances received by the employee, as well as income from other sources.
Form-16 is a certificate issued by employers, giving details of employees’ TDS (tax deducted at source) usually by mid-June and is used in filing IT returns.
Download And Prepare At a Time 50 Employees Automated Income Tax Form 16 Part B with Form 12 BA (Modified Format) [ThisExcel Utility Prepare At a time 50 Employees Form 16 Part B With Form 12 BA in New Format for A.Y. 2020-21]
The main feature of this Excel Utility:-
1) Prepare At time 50 Employees Excel Based Form 16 Part B With Form 12 BA ( Modified Format of Form 16 Part B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]
2) All the Amended Income Tax Section have in this utility as per Budget 2019
3) You can print individual Form 16 Part Part B With Form 12 BA
4) Most easy to install just like an Excel File
5) Easy to Fill all column
6) Automatic Convert the Amount to the In-Words