Income tax form 16a 2015-16

Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. Consequently, any discrepancy between the income and deductions shown in form 16 and the itr filed by the person can be immediately spotted. This is the new income tax return form 2a which is introduced first time in income tax return form. At the time when you are filing your income tax return, tax will be calculated on your total income.

This year new inome tax form form 2a has also been introduced for individuals or hindu undivided family which does not have capital gains or income from businessprofession or. If an assessee is employed under one employer only during the year, certificate in form no. After deducting the tds, the employer has to issue certificates. The income tax department has set time limits for issuing of tds certificates. In cases where the tds is deducted on any other income you receive that is liable for such deduction, a form 16a shall be issued. These forms are subject to change only by federal or state legislative action. Note that for financial year 201415 the assessment year is 201516. Download income tax forms form 16 a, itr forms etc. Penalty on late filing of income tax return ay 201516 and fy 201415 update. It contains all the details required to prepare your income tax returns and file them. Soon the tax filing season for ay 2015 16 will be upon us. Form 16a is issued by banks when they deduct tds on interest income accrued in their fixed deposits recurring deposits.

Section 203 of the income tax act, 1961 mandates the employer to. Deadline for income tax returns itr filing only 10 days. The content of form 16a is similar to part a of form 16. All you need to know about form 16a income tax return. On the other hand, form 16a is issued quarterly and is issued within 15 days from the due date of furnishing the statement of tax deducted at source as per rule 31a.

Employers must file a form w2 for each employee from whom income, social security, or medicare tax was withheld. Form 16 is the certificate using which the employer certifies how much tax was deducted at the source for a salaried employee and the total amount that was deposited as income tax. The new itr forms 1, 2 and 4s were notified for the assessment year 2015 16 vide said notification. If the salary income during a financial year is less than or equal to rs. Every employer has to issue form 16 within date specified in the income tax rules. The basic difference between form 16 and form 16a is that the former reflects deductions made from salary and the later shows deductions on income other than salary. The income tax return utility is in excel and java format which you can use both online and offline mode to file income tax return for assessment. The income tax department notified income tax return utility itr 2a for the assessment year 2015 16.

The new itr forms 1, 2 and 4s were notified for the assessment year 201516 vide said notification. Under section 203 of the income tax act, 1961 the tax deducted at source tds other than from salary income, i. These certificates are form 16 and form 16a that are issued to the deductees as a proof of the same. Due date to file income tax return assessment year 201516. Part a also has summary of tax deducted from your income and deposited. It is crucial to know that why form 16a is required. Form 16 in excel format for ay 202021 free download. Return forms for assessment year 201516 income tax. I have wrongly submitted it returns for ay 201516 instead of 201617. Form 16 is a document or certificate, issued as per the section 203 income tax act 1961, to salaried professionals in india by their respective employers.

Income tax return forms for assessment year 201516 guide. Upload form 16 16a and personal details for income tax return filing we are chartered accountants serving our customers for 15 years. Cbdt has notified income tax return itr forms for ay 2015 16. Mar 30, 2015 please find attached the excel file containing income tax calculator as modified by finance bill 2015 presented on 28th february 2015.

Income tax nature of compliance relevant period original due date extended due date income tax return for fy 201819 ay 201920 31st march 2020 30th june 2020 tds returns in form 24q26q 4th quarter ending 31 march 2020 31st may 2020 30th june 2020 tds returns in form 26qbqcqd february 2020 30th march 2020 30th june 2020 march 2020 30th april 2020 30th june. Upload form 16 16a and personal details for income tax. Difference between form 16 and form 16a, hi friends find complete details of form 16 and form 16a like whats form 16. Form 16a is also given by the tax deductor and content of the same can be cross verified. Also, referred to as a salary certificate, it contains the entire details regarding the salary given by the organization or employer to the employee in a particular financial year and the income tax that has been removed from the. This income tax return form itr3 is not applicable for an individual whose total income for the assessment year 2015 16 includes the income from business or profession under any proprietorship. You can check the status of your tds certificate form 16 and form 16a, by visiting the official income tax efiling website. Form 16 and form 16a both are tds certificates, whereas form 16 is used to file returns on income from salary and form 16a is used to file returns on income other than salary, for example, interest from fixed deposits in banks, income.

The above income tax calculator contains the rate of tax for last 19 financial year i. Tds income tax department form 16a tds certificates deductors. The rule 12 of the income tax rules was amended vide notification no. Part b of form 16 a y 201516 income tax caclubindia. The form 16 is only for salary income the form 16a is applicable for tds on income sources apart from salary. As per the income tax act, every employer at the time of payment of salaries shall deduct. Soon the tax filing season for ay 201516 will be upon us. Itr3 is applicable for assessment year 2015 16 only, i. Income tax return form for assessment year 201516 income tax department has release new income tax forms for assessment year 20152016 financial year 20142015. Form 16 is usually issued annually while the latter is issued quarterly. Some deductors may have already issued form 16a for the 4th quarter by. Please find attached the excel file containing income tax calculator as modified by finance bill 2015 presented on 28th february 2015.

Form 16 is one of the very important forms related to income tax payment and it is required while filling for your current year income tax online, so, this is a form which is provided you by the employer that is the company which you are working for in your country. We are enclosing herewith automatic form 16 cum income tax calculator for salaried person in excel format for financial year 201415 assessment year 201516. Income tax calculator for salaried person fy 201516 simple. Being issued by the employer, form 16 comprises of the details of a salaried personal only, whereas the income details and tds deduction details for an unsalaried personal are shown in form 16a. Now we know what form 16a is all about, what it looks like and what all information it carries. It is usually 1% of the amount that buyer has paid to the seller. Aug, 2019 details of tax refund received during the financial year are also available in this form. It contains comprehensive information regarding the. Whereas form 16a is applicable for tds on income earned besides the salary, unlike form16 which is only for salary income. Upload form 16 and file your income tax return myitreturn. Form 16a will be issued by when tds is deducted for fixed deposits, for tds deducted on insurance. Apr 18, 2015 excel based and java based online income tax forms will be released by end of june month.

Jun 11, 2014 how to file itr to claim income tax refund for ay 201920 with form 16 for salaried persons duration. Income tax form 16a, is issued quarterly, whereas income tax form 16 is issued annually. Am i eligible for tax payment or form 16 if my salary is. Form 16a is a statement containing all details of tds deducted on all payments except salary. Form 16a is a statement that contains all the tds details deducted from all payments, except salary. Jul 19, 2019 the new format will allow the tax department to view a detailed break up of the income and tax breaks claimed by a salaried individual at the first instance itself. The filing of income tax returns is a mandatory duty along with the payment of income tax to the government of india. Form 16 excel software fy 201516,challan 280challan 281 excel interest 234a 234b 234c plus income tax calculator 38 0 raj kumari friday, march 11, 2016 edit this post we are sharing a excel based 10 in one software by cma parvesh sharma. Whereas, form 16a is to certify the tds amount for nonsalary earnings of an individual. Form 16a shows tds deductions made and deposited on all other income except salary.

We help salaried, professionals and business file income tax returns and provide guidance to help reduce tax liability. It is utilized in filing income tax return by the employee, as it is a document comprising of the income details and tax paid by the employee. At the time of sale, he will have to deduct tds of the immovable property. In order to file your income tax returns each year, form 16 is the underlying premise that simplifies the return filing procedure. Form 16a is a tds certificate mentioning all amounts of tds deducted, nature of payments as well as tds payments being actually deposited with the income tax department. Cbdt has notified income tax return itr forms for ay 201516.

Cpc tds reminderdownloading tds certificates form 16a. If the taxpayer has received any interest income or pension from banks or other institutors, they would have issued with the tax certificate or form 16a. Form 16 is a tds certificate issued by the employer deducting the tds while making payment to an employee. Aug, 2019 new itr forms ay 201516 are now available on income tax departments website. Nov 19, 2014 find income tax forms for tax refunds, allowances and reliefs, savings and investments and leaving the uk. Upload your form 16 pdf and file your income tax return now we will import your data automatically and help you file your income tax return in minutes if you have more than one form 16, we will ask you to upload the other form 16. How to file income tax return for salary income youtube. Find income tax forms for tax refunds, allowances and reliefs, savings and investments and leaving the uk.

This form can be downloaded from the traces website. If you are a salaried individual, form 16 is a vital document to get to file your income. Form 16a is a tax deducted at source tds certificate provided along with the form 16. Income tax return utility itr 2a in excel and java ay 201516. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. This form is an annual statement indicating all the tax related information tds, tcs, refunds, etc. Cpc tds reminderdownloading tds certificates form 16a by deductors for tds statements filed during q1, fy 201516 from traces website administrator june 17, 2016 income tax no comments date of communication. Union budget has made the following changes that would affect the computation in form 16. Apr 27, 2015 download income tax calculator for salaried persons fy 2015 16 updated on 2704 2015 download changes in income tax in budget 2015 for updated version visit us at this page link is provided in calculator instruction page. Check here the tds rate chart for income other than salary for fy 2015 16. Filing of income tax return for ay 201516 new initiatives.

In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Oct 01, 2019 18 posts related to income tax return form 2015 16 pdf. The calculator calculates automatically calculates your tax liability with surcharge and marginal relief if any. This video is merely a general guide meant for learning purposes only. As the season closes by last date of filing return 5th august for 2014, many new tax payers are in qualms as to how to go wi. We are enclosing herewith automatic form 16 cum income tax calculator for salaried person in excel format for financial year 201415 assessment year 2015 16. Excel automatic income tax form 16 salary tds certificate. Aadhaar number and passport number is now mandatory.

The form 16 is issued annually and is supposed to be issued by the 31st of may. Form claim income tax back on a pension death benefit lump sum. Preface governments worldwide continue to reform their tax codes at a. However, the penalty cannot exceed the amount of tax deducted, she adds. Form 16 16a is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. While form 16 is for salary income only, form 16a is applicable to tds in nonsalary income.

The form 16 contains the computation of the income, allowable deductions and rebates, income tax paybale along with details of tax deducted and depsited by the employer. Last updated on name and address of the deductor name and address of the deductee permanent account number or aadhaar number of the deductor tan of the deductor permanent account number or aadhaar. Jul 27, 20 how to file income tax return for salary income itr 1 ay 2015 16 this tutorial explains how to fill the income tax return form 1 for filing return. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. It is mandatory to issue these certificates to tax payers. Mar 21, 2018 deadline to file income tax return for 2015 16, 201617 is march 31. When are the due dates for the issuance of the form 16 and form 16a certificates. Employers are expected to issue form 16 to their employees every year by. Tax and tax credit rates and thresholds for 201516.

The taxpayers have to correctly choose the relevant form and file the return. Particulars of from 16 can be verified online chartered club iso 9001. Form 16 and the respective challans for the advance tax paid and the self assessment tax paid may be attached to the form. Form 16 is basically a certificate that employers issue to their employees.

These certificates provide details of tds tcs for various transactions between deductor and deductee. Form 16 b is a tdc certificate which shows the amount of tax deducted at source on the property deposited by the buyer to the income tax department. Income tax, social security and immigration 201516. Jul 30, 2015 new income tax return form for ay 2015 16 itr3, itr4, itr5, itr6 and itr7 has been notified by cbdt vide notification no. After the financial year is over as on 31st march, the next job is to obtain form 16 or so from employers and others and file income tax return on or before due date i. Your form 16a must contain the traces logo and name along with the certificate number.

Sep 19, 2014 automatic form 16 cum income tax calculator for salaried person in excel format for financial year 201415 assessment year 2015 16. Understanding form 16,16a,26as tax filing tds deductions. All the above details that need to be mentioned in the form 16a are required to be mentioned when filing income tax returns. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. This will prove as a helpful document while filing the tax returns. Under section 203 of the income tax act, 1961 mandates that the employer has to deduct tds.

Form 16a is given as tds certificate for tds deducted on income other than salary income. For more information on who is eligible for the premium tax credit, see the instructions for form 8962. Getting prepared for filling the income tax returns for a. Form 2e is one of the few income tax return forms that has provisions for the attachment of documents along with the form during submission to the income tax department of india. You can now fileefile your income tax returns for the assessment year 201516 or financial year 201415. If you are a salaried individual, form 16 is a vital document to get to file your income tax return. Income tax is not required to be paid since income upto rs. Income tax return form 2015 16 pdf universal network.

Form 1040 department of the treasuryinternal revenue service. Form 16 is the most commonly heard form and if you are a salaried person, you should have received form 16 annually from your employer. Details of tax refund received during the financial year are also available in this form. Choosing right form, filling correct details, filling of aadhaar number and passport number and details of all bank accounts. We will upload income tax forms for ay 2015 2016, as soon as, these forms are available. Form 16 income tax calculator for fy 201415 ay 201516. May 27, 2016 the filing of income tax returns is a mandatory duty along with the payment of income tax to the government of india. What is form 16b form 16b for income tax return filing. Form 2106 department of the treasury internal revenue service 99 employee business expenses for use only by armed forces reservists, qualified performing artists, feebasis state or local. Y 2014 2015 for salaried, retiredsenior citizen taxpayers not carrying any business or profession and not having any foreign assets. Income tax return forms for assessment year 201516. Income tax return e filing application form online download.