Thursday, November 16, 2017

Income Tax (IT) Calculation Software FY 2017-18 AY 2018-19 for Teachers/ Employees

Income Tax 2017-18 Software – AP & Telangana Teachers Income Tax Software Financial Year 2017-18 Assessment Year 2018-19 Slab Rates of income tax for the Financial year 2017-2018 – Assessment Year 2018-2019 Income Tax Slabs for the Individual for the Assessment Year 2017-2018 Income Tax Slabs for the Senior Citizen for the Assessment Year 2017-2018 Income Tax Deductions Section wise Details Putta Income Tax Software for AP TS Teachers 2017-18 Income Tax Slab Rates for FY 2017-18 (AY 2018-19) Income Tax Software for Assessment Year 2017-18 KSS Prasad Income Tax Software -AP KSS Prasad Income Tax Software IT Software by PUTTA IT Software by PUTTA AP Vijay Kumar Income Tax Software – AP Vijay Kumar IT Software-Telangana Click Here for Slab Rates 2017-18. IT Income tax software 2017-2018 income tax Programme 2017-18 Income Tax Calculator fy 2017-18 excel free download Employees tax calculation excel sheet for salaried individuals Tax calculator fy 2017-18 excel free download Putta Srinivas Reddy income tax software 2018-19 in excel income tax software 2017-18 for Telangana Teachers GUNTURBADI income tax software fy 2017-18 KSS Prasad income tax software 2017-18 for AP Teachers income tax Proforma for Government Employees. Income Tax Software 2017-18 for AP Teachers Income tax software 2017-18 free Download for TS Teachers Income Tax Software Financial Year 2017-18 Assessment Year 2018-19 Income Tax Software FY 2016-17 AY 2017-18 AP and TS Govt. Employees and Teachers Income Tax Assessment Software 2017-18 by C. Ramanjaneyulu (PS). Income Tax Slabs | Income Tax Rate for 2017-2018 Income Tax Slab for FY 2017-18 (AY 2018-19) Income Tax Slab Rates for FY 2017-18(AY 2018-19)Income tax slabs have shifted to 5% slab in 10% slab position in 2017-18 financial year. The rest of the sections continued to be the same as last year. As per the Income Tax Act (1961), the date of the 2017-18 financial year from 01.04.2017 to 31.03.2018 is to be considered as the basis of the salary earned by Savings and Exemptions.

Income Tax(IT/I.T) Calculation Software For FY 2017-2018 for AP/ TS Teachers

Senior Citizen (Individual who is of the age of 60 years or more but below the age of 80 years at any time during the previous year ie on or after 1st April 1938 but before 1st April 1958)
Super Senior Citizen (Individual who is of the age of 80 years or more at any time during the previous year ie born on or before 1st April 1938)
Tax reimbursement for tax payers under section 87A should be payable to those below Rs 3.5 lakhs. Reduced to 2,500 / -.
* In addition to the 3% (2 + 1) education cess above the income tax payable.

Salaries to be paid as income: -

Pay, DA, HRA, IR, CCA, Allowances, Medical Allowances, Additional Incentive Allowance, Surrender Lease Salary, PRC Arrears, Step Up Arrivals, Vacation Time Salary, etc. The Navi is reckoned as income.

Non-Income Issues: -

Cash withdrawals received from GPF / GIS / AP (TS) GLI after receipt of retirement, earned money on cash holidays, semi-annual leave, LTC, travel reimbursement, medical reimbursement and GPF, AP (TS) .

HRA exemption:

Under Section 10 (13A), the sum of any of the following three factors may be exempt from the total income.
The amount of rented house rent
Home Rental Paid Amount - 10% Basic + DA
40% wage
The home rental allowance (HRA) to 3,000 / - per month (36,000 / - per year) is required to submit the receipt to the DDO to get the entire HRA exemption. The PAN number is to be paid by the owner of the house if the rent is 1 lakh. HRA exemption does not apply to those living in their own home.


Interest on Home Loans (Section24 ): Those who have a home loan with a home loan are exempted up to 2 lakhs on loan payments. If the home bar and husband have two loan liabilities, they can divide into each other and get a maximum of 2 lakh exemptions. If the home loan is not rented to a borrower without rent, the interest on home loan is entirely exempt, but the income is to be paid as income.
Interest on Higher Education for Higher Education (80E): Self, Spouse and Children There is no exemption of interest paid for the year 2017-18 financial year for higher education. This exclusion is 8 m. Covers.
If disabled people are disabled (80DD): There are exemptions under section 80DD of disabled people who are born on the income tax payer. 75,000 / - with a disability less than 80%, and excludes 80% or more disabilities with 1,25,000 / -. For this purpose, the relevant officials should have a certified certificate.
If the Income Taxpayer is disabled (80U): If the employee is disabled, 80,000 is less than 75,000 / - and excludes 80% or more disability 1,25,000 / -. A certificate of impairment must be submitted.
The cost of treatment for illness (80DDB): Those employed in non-employee are 40,000 / - for 60 years and 60,000 / -, 80 for those under 60 for over 60 years and above for those who have undergone sickness, such as Cancer, Hemophilia, Talassemia, Neurological Diseases and Chronic Renal Failure Or 80,000 / - is exempt for those over 80 years of age. For this you need to submit the details of expenses by the relevant specialist doctor in Form 10-I. But DDOs do not have an exception under this section.
Subsidies (80G): DDOs should not allow any other subscriptions exempt from 50% / 30% below 80G, except for subscriptions to 100% exempt , such as PM, CM Relief Fund.

* Note:  DDOs are not likely to be exempted under section 80DDB and 80G. But before the tax payer with the February salary, the highest amount paid by the Income Tax Department will be returned to the SAHAJ Form by July 31, 2018. The Department has previously ordered Circular form for DTA / DTOs (vide E.No TDS / clarification / 1011 Dt. 15/12/2011 of Addl Commissioner IT Dept. Hyderabad).
Medical Insurance (80D):  Employee may be exempt from the medical insurance paid for his family and for parenting. A maximum of Rs 25,000 / - per employee paid for his / her family is paid to medical insurance for a maximum of 25,000 / - parent, no senior citizen can get exemption for a maximum premium of 30,000 / -.
Under Section 5,000 / - exemption is required if the employer uses the cash for the Master Health Checkup for Citizen Parents
Conveyance allowance is exempt. Professional tax is completely exempt.
Investment on savings schemes is Rs. 1.5 lakh

Savings (80C) in various savings medals: 

Savings made in the medals of GPF, ZPGPF, APGLI, GIS, LIC, PLI, National Saving Certificates, Public Provident Fund, Sukanya Samruddhi Yojana, ELSS, ULIPS etc., Pre his up to Spouse High School, The fees paid to higher studies from the school, the original (principle) paid on home loan, stamp duty paid for registration in the financial year for the year. Except for 1.5 lakhs.
Saving in the Annuity Savings Scheme (80 CCC): Premium paid for ONutty schemes taken by LIC or other insurance providers.

CPS deduction (80CCD) in IT : 

 New pension on the appointment of the employees of the month of their salary from the 10% pay CPS deduction 80CCD (1) the exemption is . Government employee Prawn account, the deposit is 10% CPS Matching Grant to 80CCD (2) According to the jamayina entire savings of Rs . 1.5 million plus as the exemption is . What's new in FY 2015-16 AY 2016-17 80CCD (1B) towards a new section has been added to the employee pension plan sommupaina 50,000 / - to an additional exception to the possibility afforded the facility in April 2016, to be made available to. Many of the above questions have been expressed by our State Department on 2 occasions for the Clarification from the Income Tax Department and the Income Tax Department is F.No. Pr. CCIT / Tech / 67 / 2015-16 issued on 12.02.2016 are the answer to an employee 1. 80 C under the CPS rather than the financial savings of 1.50 million, while funds deposited money to the employee under CPS 80CCD (1B) under the cupocca? 2. An employee saving under 80C If the employer under the CPS (NPS) is less than 1.50 lakhs and not below the CPS (NPS) for more than 50,000 new pensions, the amount will be up to 50 thousand under 80CCD (1B) and the rest of the funds to 80C? Yes yes to two questions.

 80C, 80CCC, 80CCD of the savings of the above, a total of 1.5 laks .

Additional deduction savings plan RGESS (80CCG): Rajiv Karamchand Gandhi into SAVING of Equity Scheme , which is designed to get the tax deduction is in addition to the 1.5 million addition will minayimpu. Annual income of up to 10 lakhs can save up to 50,000 / -. Half of the savings made in the sum (50%) exceeds the maximum exemption up to 25,000 /
Interest exemptions on Savings Account (80TTA): Interest earned on savings account as indicated in income from maximum of Rs. 10,000 / - up to Rs There is an additional exemption of up to 10,000 / - above the 1.5 lakh savings. 
Note:   DDOs will be credited with the Income Tax TAN number submitted by Form-16 at the time of the February Monthly Salary Bill, in the BIN Numbers of STO / Online through TAN Number, In July, 2018, the Income Tax Department will be fine for those who do not.

What forms should be submitted to the Income Tax?

Form-16, including calculations sheet in January and February, should be given to DDOs. Every employee must get a PAN card. Contact the nearest CA Net income of Rs. Those who have more than 5 Lakhs, more than 10,000 employees in bank and post offices and those who are paid more than an employer are required to submit returns in "SAHAJ" forms to Income Tax Department by 31st July, 2017.

How much can the income tax pay?

The Income Tax Act is known to be temporarily appraised and the income tax payable is approximate. This sum is exempt from the online payments bill in the amount of monthly allowance of the employee without any heavy burden in the months of February. Every month from DDO to IT Excluding shedul (including token No. date) In February, the month of February 2018 may be exempt from any of the payments made by the Income Tax Form-16. PAN must be included in the shedule.
Payment of Income Taxes Every citizen must be socially and constitutional and teachers should properly fulfill this role and hope to be a model for job categories.

IT Department Circular for Salaried - FY 2017 - 18 - AY 2018-19 - Download

Teachers Income Tax Software 2017-18 Slab rates, Putta IT Calculator, KSS Prasad Income Tax Software, Ramanjaneyulu Tax Software, Vijay Kumar IT Software for Teachers.


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