As per the latest Income Tax Department's Notification the Form 16 is now a New Format and there have two parts. One is Part A and another is Part B. As per the CBDT notification the Form 16 Part A mandatory to download from the TRACES Portal ( www.tdscpc.gov.in). In this Part A have the details of Tax Deducted at source and deposited in to the Central Govt Quarterly. And the Part B which must be prepared by the employer where the details of employee's Salary Data. In this Respect you should must be Download the Form 16 Part A from the TRACES Portal and the Form 16 part B must be prepared by the employer.
Below given a Excel Based Software which can prepare at a time the Income Tax Computed sheet + House Rent Exemption Calculation + Form 16 Part B for only the West Bengal Govt employees for the Financial Year 2013-14.
Feature of this utility:-
- Automatic Calculate the Income Tax Computed Sheet
- In Built the Salary Structure of W.B.Govt employee's Salary Structure
- Easy to calculate the Gross Salary Income (GTI)
- Automatic Calculate House Rent Exemption U/s 10(13A)
- Automatic Prepare Form 16 Part B
- All the Income Tax Section have in this Utility which can view at a glance
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