Income Tax Calculator and Form 16 Generator for A Y 2020-21
Income Tax Calculator and Form16 Generator for A Y 2020-21 is the tool developed to calculate the income tax of the individual tax payers even if they don’t know anything about the tax laws. This Income Tax Calculator and Form 16 Generator tool is very simple and easy to use. Even layman can calculate his income tax by himself. In this tool one should enter only the basic details like his salary details and saving details, remaining calculations will be done automatically by Income Tax Calculator and Form 16 Generator tool itself. Hence, those who are struggling hard to compute the income tax can make use of this awesome tool.
Download the Income Tax Calculator and Form 16 Generator for A Y 2020-21 from the bellow link and follow the instructions given, enter your salary and saving related information. Within two minutes, PART B of the FORM 16 will ready for you. Once you generate the FORM 16 you can save it for future reference and you can edit anytime even after saving.
You can use the Income Tax Calculator and Form16 Generator tool for calculation of your personal income tax and also to calculate the income tax of employees working in your office or business.
Read the following instructions of entering data to the Income Tax Calculator and Form 16 Generator and download the in Income Tax Calculator and Form 16 Generator tool from the given link
Instructions to enter the data in Income Tax Calculator and Form 16 Generator
|1||This Excel Document consist of 2 excel sheets namely “INSTRUCTIONS”, “FORM 16 I T CALCULATOR”.|
|2||If Macros are not Enabled please Enable the Macros before using the Calculator.|
|3||All Grey & Other Colored Cells are Protected and Updates /Calculates Automatically.|
|4||Enter Required/Applicable Data in White Colored Cells only. (Follow the Instructions given in Each Cell)|
|5||Print the Area which is covered by Blue Colored Cells in “INCOME TAX CALCULATOR” Sheet.|
Entering of Details in “FORM 16 IT CALCULATOR” Sheet
|1||Firstly Enter the Rates of Dearness Allowances, House Rent Allowances, NPS and Other Details(KGID, GPF & GIS etc.,) as Applicable in the Respective Cells.|
|2||Then Enter Basic Salary, Other Allowances & Deductions like Income Tax, LIC & Other Deductions if any.|
|3||Enter the Rates and Slabs of Income Tax Applicable in the Respective Cells.|
|4||Enter the Monthly Rent Paid in the Respective Cells in the Sheet.|
|5||Enter the Applicable Savings & Deductions in the Space Provided in White Colored Cells.|
|6||After entering all the details click on the save button in “FORM 16 IT CALCULATOR” Sheet. Data will be saved in the next sheets. After saving the sheet rename it for future identification.|
|7||Even after saving your data you can edit the required information in the saved sheet and your FORM 16 updates automatically according to the changes made.|
|8||For Better Printing quality please choose the printer settings as shown in the bellow image in the instruction sheet.|
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