Employee's Details Sheet

DownloadAutomated All in One Tax Preparation Excel Based Software for Govt and Non-GovtEmployees for Financial Year 2015-16 and Ass Year 2016-17 [ This Excel Utility Can prepare both of Govt and Non Govt employees Individual Tax Compute Sheet + Individual Salary Structure +Automated House Rent Exemption Calculation + Automatic Arrears Relief Calculation with Form 10E + Automatic Form 16 Part A&B and Part B for F.Y.2015-16 as per Budget 2015-16]

Employees Salary Structure for Govt & Non-Govt Employees

 Important Highlights of The Financial Budget 2015-15 Ay 2016-17

  • Accidental Claim for Jan Dhan Yojana raised to RS 2 Lakhs
  • Tax Free Infrastructure bonds for Indian Railways and Roads.
  • Government to launch PM Suraksha Bhima Yojana which will give a Life insurance of Rs 2 Lakhs for Rs 12.
  • Government to launch their own gold coins with Ashoka Sign
  • The Prestigious ISM Dhanabad would be given IIT Status
  • The Security Related Fund called Nirbhaya fund has been given Rs 1000 Cr
  • Visa on arrival has been a big hit and it is currently allowed to 43 countries, it would be increased to 143 countries.
  • There would be an increase of AIIMS college. 5 More States will get AIIMS
  • Corporate Tax has been reduced by 5 percent and now it will be 25%.  (This is a good news to corporate sector)
  • PAN Card compulsory for all transactions above Rs 1 Lakhs
  • Sukanya Samriddhi Yojana contribution to be tax free.

 Others Tax Benefits in Budget FY 2015-16 AY 2016-17

  1. 100 Percent Tax deduction for Swach Bharat and Clean Ganga Donations.
  2.  80CC Limit for Fy 2015-16 same to Rs 1.5 lacks
  3. Maximum Limit to PPF for FY 2015-16 same as Rs 1.5 lacks
  4. Medical Insurance Tax Exemption benefit increased from Rs 15 thousand to Rs 25 thousand
  5. Transport Exemption Doubled to Rs 1600 from Rs 800 Per month.