In the Fiscal Year 2021-22, the location of CBDT Form 16 (Principal Lead Authority for Direct Taxes), which is "TDS Payment Authentication", has been corrected. the unit is paid to and separated from the delegate, and the full tax benefits of that unit in the region are declared by the taxpayers.
Pay for TDS authentication on the specified date and after it has happened. CBDT said the new Form16 organization is tracking the impact of the April 2021 long period.
Have fundamental changes been made within the framework of the new organization of income tax returns?
The new Form16 agreement offers all the nuances of agreements such as a U/s 10 (13A) house rental fee, travel subsidy or section 10 (5) assistance.
Please note that in accordance with the new Financial Plan for 2020, Sacerdotal do Dinheiro has introduced a new Section 115 BAC as well as a new annual tax assessment mechanism based on the new and old tax regimes under this section. At present, it is important to understand what is the New and Old tax regime?
1) Under the New Tax Regime, you cannot receive any benefits from the annual tax zones, with the exception of NPS benefits. And still profited from the new tax bloc only for the new tax regime.
2) In the old tax regime, you can enjoy all the benefits of the tax segments, but the tax section will be the old tax part in accordance with 2019-20. In this Expenditure Plan, you will expressly provide an alternative in accordance with your decision regarding the new and old tax treatment on Confirmation Form No. 10-IE.
Now select your annual tax form 16 Dominant readiness Fully robotic programming in accordance with the new and old tax regime U/s 115 BAC below
I hope you will need the below auto-complete form 16 to calculate Excel-based Income Tax for the Fiscal Year 2021-22 and Fiscal Year 2022-23.
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Download and Prepare One by One Form 16 Part A&B and Part B for the F.Y.2021-22
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Download and Prepare Oneby One Form 16 Part B for the F.Y.2021-22
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