Income Tax Software Financial Year 2016-17 Assessment Year 2017-18 ~, income tax software free download.#Income

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Income Tax Software Financial Year 2016-17 Assessment Year 2017-18

Income Tax Software Financial Year 2016-17 Assessment Year 2017-18

2. Additional deduction of Rs. 50,000 under Section 80 C, CCC, CCD(1): Deduction allowed under Section 80C, 80CCC, and Section 80 CCD(1) for savings/investments, premium for annuity / pension fund and employee contribution to NPS respectively has been increased to Rs. 1.5 lakh from Rs. 1 lakh (Section 80CCE Limit)

3. Income Tax exemption on Interest paid on housing loan under Section 24 of the Income Tax Act increased from Rs. 1.5 lakh to Rs. 2 lakh

4. In addition to above three new changes, Income Tax Rebate of Rs. 2000 for taxable income up to Rs. 5 lakh continues this year also under Section 87A of Income Tax Act

IT Income Tax Software FA 2016-2017

( for Assessment Year 2017-2018 )

Yadav srihari rao

Note: Dear Friends, If you have any useful software. please send to [email protected]

IT Software 2015-2016 – Download

Income Tax So ftware 2014-15 for AP and Telangana

B. Every Individual up to 60 years to Less than of the age 80 years:

Rates of tax for every individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year:

C. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:

Employee Pay Details – Know your Salary

  1. Life Insurance Premium
  2. Premium / Subscription for deferred annuity For individual, on life of self, spouse or any child .
  3. Sum deducted from salary payable to Govt. Servant for securing deferred annuity for self-spouse or child Payment limited to 20% of salary.
  4. Contribution made under Employee s Provident Fund Scheme.
  5. Contribution to PPF For individual, can be in the name of self/spouse, any child for HUF, it can be in the name of any member of the family.
  6. Contribution by employee to a Recognised Provident Fund.
  7. Sum deposited in 10 year/15 year account of Post Office Saving Bank
  8. Subscription to any notified securities/notified deposits scheme. e.g. NSS
  9. Subscription to any notified savings certificate, Unit Linked Savings certificates. e.g. NSC VIII issue.
  10. Contribution to Unit Linked Insurance Plan of a Mutual Fund
  11. Contribution to fund set up by the National Housing Scheme.
  12. Housing Loan Principal amount paid
  13. Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children.

As per the Budget 2012 announcements, a new scheme Rajiv Gandhi Equity Saving Scheme (RGESS) will be launched. Those investors whose annual income is less than Rs. 10 lakh (proposed Rs. 12 lakh from A.Y. 2015-16) can invest in this scheme up to Rs. 50,000 and get a deduction of 50% of the investment. So if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

Deduction in respect of Interest on Loan for Higher Studies

Deduction in respect of Various Donations 100% or 50% without Restrictions.

Deduction in respect of contributions given by any person to political parties

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