Income Tax Deduction in respect of Medical Insurance U/s 80D has raised for F.Y.2016-17, With All in One Tax Software for Govt and Non-Govt employees for F.Y.2016-17

The deduction is available up to Rs. 30,000/- for senior citizens and up to Rs. 25,000/ in other cases for insurance of self, spouse, and dependent children. Additionally, a deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 30,000/- if parents are senior Citizen and Rs. 25,000/- in other cases. Therefore, the maximum deduction available under this section is to the extent of Rs. 55,000/-. From AY 2016-17, within the existing limit, a deduction of up to Rs. 5,000 for preventive health check-up is available.

If an employee has the Sr.Citizen member who can get max Rs. 30,000/- and if the self, has Medical Insurance he can also get Max Rs. 25,000/-, in this case, the employee can get total Medical Benefits Rs. 25,000/- + 30,000/- = 55,000/-

If an employee has the Sr.Citizen member who can get max Rs. 30,000/- and if the self, has Medical Insurance he can also get Max Rs. 25,000/-, in this case, the employee can get total Medical Benefits Rs. 25,000/- + 30,000/- = 55,000/-

Download the Automated All in One Income Tax Preparation Excel Based Software for Govt & Non-Govt employees for F.Y.2016-17

Feature of this Excel Utility :-

1) Prepare both of Govt and Non-Govt(Private) employees Income Tax

2) If you have to need only Govt employees Income Tax you can do the same

3) If you have to need Only Non-Govt employees Income Tax you can do the same

4) Prepare automated Individual Income Tax Compute Sheet for both Govt & Non-Govt employees for F.Y.2016-17

5) Automated Calculate the Arrears Relief Calculation U/s 89(1) with Form 10E up to the F.Y.2016-17

6) Automated House Rent Exemption Calculation U/s 10(13A)

7) The Individual Salary Structure have in this Excel Utility for both can use Govt & Non-Govt employees Salary Pattern.

8) Automated prepare the Form 16 Part A&B for F.Y.2016-17

9) Automated prepare the Form 16 Part B for F.Y.2016-17

10. Automatic Convert the Amount into the In-words without any excel formula.

11.All the Income tax amended section have in this utility as per the Finance Bill 2016.