Part B is an annexure to Form 16 which incorporates
subtleties and segments of pay paid, charge due and charge paid. It is a gritty
calculation and an efficient record of your assessable pay after permitted reasoning’s
and exclusions. Structure 16 Part B incorporates the accompanying data:
• Gross
Salary as broken in segments, for example, essential compensation, Dearness
Allowance, HRA, Medical recompenses, opportune reserve commitment by both
manager and worker, leave travel concession, proficient assessment (assuming
any), transport remittance, and others
• Exempted
stipends under segment 10 of personal assessment act, for example, transport the remittance, house lease recompense, kids recompense, medicinal recompense and
so forth.
• Deductions
permitted under section VI An of Income Tax Act
• Relief
under segment 89 of the Income Tax Act
• Amount
of assessment due or paid on a salary
• The structure will likewise exhibit the measure of assessment discount if abundance
charge has been paid.
Why is
Form 16 required
• Form
16 is a nitty gritty record of your compensation and duty paid by your manager.
You require Form 16 at the hour of recording annual assessment form.
• Form
16 is likewise acknowledged as a pay confirmation in different exchanges, for
example, credit handling.
• Form
16 can likewise be utilized to check whether right expenses have been stored
with the administration account by contrasting the equivalent and your Form
26AS.
What
occurs if Form 16 isn't accessible
On the off chance that you have not gotten Form 16
from your boss, you can allude to your Form 26AS accessible on the web.
Structure 26AS contains the insights concerning the expense deducted from your
compensation and saved into government account. Notwithstanding, you ought to
likewise ask for and guarantee that your boss issues Form 16 to you.
• All
pages of Form 16 Part An absolute necessity be marked by the business either
carefully or physically.
• Form
16 is produced by Income Tax office, when a business fills the subtleties of
worker, for example, his gross compensation, derivations and stipends according
to the data outfitted by representative. Business issues Form 16 to the
representatives once in an appraisal year.
• If
you have worked for more than one manager then you are required to gather Form
16 from every one of your bosses as the equivalent would be required at the
hour of filling your Income Tax return.
Download And Prepare At a Time 100 Employees Automated Income Tax Form 16 Part B (Modified Format) [This Excel Utility Prepare At atime 100 Employees Form 16 Part 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 B ( Modified Format of Form 16 Part B Vide CBDT
Notification No.36/2019 Dated 12/04/2019 ]
2)
All the Amended Income Tax
Section have in this utility as per Budget 2019
3)
You can print individual Form
16 Part B
4)
Most easy to install just
like an Excel File
5)
Easy to Fill the all column
6)
Automatic Convert the Amount
to the In-Words
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