Section 87A Eligibility:
The tax rebate under section 87A is merely available to resident individuals
with net taxable income below certain threshold which keeps on changing year on
year Budgets. we might list the bounds as was proposed for every year. Also
HUFs or NRIs aren't eligible for this tax rebate.
Budget 2019 changed the limit for 87A eligibility. Taxpayers with net
taxable income of but Rs 5 lakhs can claim tax rebate of up to Rs 12,500 under
this section.
The government has not changed the tax slab but given the benefit
through Sec 87A because it solves two things:
1. It provides No benefit to
people with taxable income of quite Rs 5 Lakh
2. Individuals with income of
quite Rs 2.5 lakh still got to file their tax returns.
Download All in One TDS on Salary for West Bengal Govt Employees for the F.Y. 2019-20 With H.R.A. Exemption Calculation U/s 10(13A) + Automated Revised Form 16 Part B and Form 16 Part A&B for F.Y. 2019-20
The feature of this Excel Utility is the following:-
1) This Excel Utility can prepare automatic Tax Calculation as
per new Finance Budget 2019
2) The Salary Structure as per ROPA-2019 Of the West Bengal Govt employee’s Salary Pattern
3) Automated Individually Salary Sheet for each Employee
4) Automated Income Tax Salary Sheet for each Employee
5) This Excel Utility calculate your House Rent Exemption
Calculation U/s 10(13A)
6) Automated Income Tax Revised Form 16 Part A&B for F.Y. 2019-20
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7) Automated Income Tax Revised Form 16 Part B for the F.Y.
2019-20 in New Format