1.               Rebate under Section 87A changed from Rs 2,500 to Rs 12,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 5 Lakhs (from Rs 3.5 Lakhs)
2.               Standard Deduction raised for Salaried & Pensioners from Rs 40,000 to Rs 50,000
3.               Increased Tax for the super-rich: Surcharge increased to 25% for income between 2 to 5 crore & to 37% for income beyond Rs 5 crores
4.               Additional Tax Deduction of Rs 1.5 lakhs u/s 80EEA on home loans on purchase of the affordable home
5.               Additional Tax Deduction of Rs 1.5 lakhs u/s 80EEB on Auto loans on purchase of Electric vehicles
6.               No Tax on Notional Rental Income from Second House
7.    TDS threshold increased from Rs 10,000 to Rs 40,000 on Bank Interest Income

Income Tax Slab for FY 2019-20 [AY 2020-21]

Download And Prepare At a Time 100 Employees  Automated Income Tax Form 16 Part A&B (Modified Format) [This Excel Utility Prepare At a time 100 Employees Form 16 Part A&B in New Format for A.Y. 2020-21]



  The main feature of this Excel Utility:-

1) Prepare At time 100 Employees  Excel Based  Form 16 Part A&B ( Modified Format of Form 16 Part A&B Vide CBDT Notification No.36/2019 Dated 12/04/2019 ]( Who have not able to Download the Form 16 Part A from the Income Tax Traces Portal, they can use this Excel Utility)
1)   All the Amended Income Tax Section have in this utility as per Budget 2019
2)   You can print individual Form 16 Part Part A&B
3)   Most easy to install just like an Excel File
4)   Easy to Fill all column
5)   Automatic Convert the Amount to the In-Words