TDS Form 16 for FY 16-17 in Excel with Formulas for Auto Tax Calculation of Tax
TDS Form 16 in Excel for FY 2016-17 (AY 2017-18) with in built tax formulas and option to select age for auto tax calculation i.e. you can calculate tax for Below 60, above 60/80 yrs.
Income Tax Form 16 is a Tax dedcution (salary Certificate) u/s 203 of Income-tax Act, 1961 for tax deducted at source from income chargeable under the head Salaries
The Form 16 provided here is in built auto tax calculator as per Income Tax / Rates Slabs for FY 2016-17 i.e. incorporated the change in Tax Credit u/s 87A as under:-
The Changes in Income Tax Rates / Slabs additional rebate or deductions allowed in FY 2016-17 over FY 2015-16
The Tax Credit u/s 87A - 10% of taxable income upto a maximum of Rs. 5000/- is available in FY 2016-17 -
Where the total income does not exceed Rs.5,00,000/- against of Rs. 2000/- for in FY 2015-16. .
Click Here to view in the details Tax Rates and Slabs for FY 2016-17 (AY 2017-18) and to use detailed tax calculator Clikc Here.
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