All in One TDS on Salary for Govt and Non-Govt Employees for F.Y. 2017-18 and Ass Year 2018-19, with Automated Arrears Relief Calculator U/s 89(1) up to F.Y.2017-18

Already Published the New Finance Bill 2017-18 (Central) and some changes in the Income Tax Rules through this New Finance Bill 2017-18. Some amendment has made in Income Tax like as the reduce the Tax Rebate U/s 87A Rs. 2500/- from the Rs. 5000/- to the Salaried Person and which Tax rebate can get who are not crossing the limit of 3,50,000/- Taxable Income. Below 3,50,000/- can get the Rebate U/s 87A  Rs. 2500/- as per the Finance Budget passed for the Financial Year 2017-18. But who's Taxable income exceed Rs. 3,50,000/- they can not get this benefits.

 Changed the Income Tax Slab for the Financial Year 2017-18 and Assessment Year 2018-19. The Tax Slab as given below for Men and Women for the FY 2017-18. Some Feature of the New Finance Bill which related to Income Tax.

• Tax Rebate of Rs.2500/- for annual income up to Rs. 3.5 lakh
•  Education Cess: 3% of the Income-tax.
•  Surcharge of 10% on income between 50 Lakhs to 1 Crore.
•  Surcharge of 20% on Income above 1 Crore.
•   loan up to Rs.25 lakhs u/s  80 EE ( w.e.f. 1/4/2013)
•   Abolished the Rajiv Gandhi Equity Savings Scheme extended to mutual   funds Rajiv Gandhi
•  Equity Savings Scheme to be liberalized.

  Income Tax Slab Rate for the Financial Year 2017-18 as Amended by the Finance Budget 2017-18 as follows:-  [ This Tax Slab only for below 60 years of age] 

	Income Level	Income Tax Rate
i.	Where the total income does not exceed Rs.2,50,000/-.                             (Male & Women)	NIL
ii.	Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-.	5% of the amount by which the total income exceeds Rs. 2,50,000/-***
iii.	Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-.	20% of the amount by which the total income exceeds Rs.5,00,000/-.
iv.	Where the total income exceeds Rs.10,00,000/-.	30% of the amount by which the total income exceeds Rs.10,00,000/-.

Main Input Sheet 

Salary Structure for Govt and Non - Govt Employees 

Tax Computed Sheet for F.Y.2017-18

Form 16 Part A&B for F.Y.2017-18

Input Sheet for Arrears Relief Calculator U/s 89(1)

Arrears Relief Calculator U/s 89(1)

Download the All in One Income Tax Preparation Excel Based Software which can prepare at a time the Tax Computed Sheet + House Rent Exemption U/s 10(13A) + Arrears Relief Calculator with form 10E + Individual Salary Sheet + Individual Salary Structure + New Amended Form 16 Part A&B and Form 16 Part B for the Financial Year 2017-18 and Assessment Year 2018-19. 

Form 10E