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Income Tax Form 16 Calculator for Government Employees

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INCOME TAX FORM 16 CALCULATOR FOR GOVERNMENT EMPLOYEES AY 2017-18

TDS certificate form 16

Form 16 is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees.

These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.

INCOME TAX FORM 16 CALCULATOR FOR GOVERNMENT EMPLOYEES
(Certificate u/s 203 of the Income Tax Act 1961 for Tax Deducted at Source on Salary)
Details of Salary Paid & Other Income and Tax Deducted Amount (in Rs.)
1 Gross Salary
2 Less:Allowance to the extent exempt u/s 10
3 Balance (1-2)
4 Deduction:
(a)Entertainment Allowance
(b)Tax on Employment
5 Aggregate of 4 (a) & (b)
6 Income chargeable under the Head Salaries (3-5)
7 Add:Other Income reported by the Employee
(a) Income/Loss from House Property
(b)Income from other sources
8 Gross Total Income (6+7)
9 Deductions Under Chapter VI-A(80C, 80CCC & 80CCD) (Max.1,50,000)
GPF
CGEGIS
LIC
Tuition Fees
PLI
NSC
HBA Principal
PPF
ULIP
Pension Fund
IDBI/ICICI/Other Savings
Contribution to DCPS
Medical Insurance
Physically Handicapped Relif
CONTRIBUTION TO PM/CM R.FUND
PHYSICALLY HANDICAPPED SELF
10 Aggregate of Deductable Amount Chapter VI-A
11 Total Taxable Income (8-10)
10% ()
20% ()
30% ()
12 Tax on Total Income
13 Rebate U/C 87A
14 Net Taxable Income
15 Surcharge
16 Educational Cess 3%
17 Tax Payable

[Note: All the figures are indicative]

INCOME TAX CALCULATOR – PRE & POST BUDGET 2017

Related updates:
    CPPCs Advised to Issue Form-16 by 31st of May every year – CPAO
    New Income Tax Forms for AY 2018-19 – CBDT Notification
    Certificate for Tax Deducted at Source in Part B of Form No. 16 through TRACES
    Simple one- page Income Tax Return form – FM
    HRA Income Tax Exemption Calculator for Govt Employees
    Filing of Income Tax Returns by Government Employees
    Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?
    Form No. 16 for Pensioners : Issue Certificate of Tax Deducted in Form 16 to the Pensioners
    Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016

Comments

  1. INCOME TAX FORM 16 CALCULATOR FOR GOVERNMENT EMPLOYEES AY 2018-19……TDS certificate form 16.Please Making New form 16 calculator …

    Reply

  2. 7 cpc recommended RISK & hardship allowance for fire fighting staff of central government & u’t
    But not released of letter for risk & hardship allowance from ministry of finance.

    Reply

  3. I have a central government employee , i confused the DCPS Constribution wich section claimed . Ples so tell me

    Reply

  4. In 6th pay commission m. p. Govt. Add pay grade 3200.how can we calculate mp govt employees fixassion in 7pay commission. Please guide us. Thanks.
    Santosh Sharma

    Reply

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