7/29/19

IT Software 2019-20 for AP & Telangana | Income Tax Claculation Software Program for AY 2020-21

Income Tax Software FY 2019-20 Assessment Year 2020-21 for AP, TS Teachers Employees: IT Excel Softwares & CALICULATOR 2019-20 :  Income Tax Software for FY 2019-20 for AP and Telangana,Income Tax Assessment for 2020-21, Financial year Income tax software 2019-20 for teachers, kss prasad income tax software, gunturbadi income tax software download, medak badi  k.vijay kumar I.T income tax, putta it software 2019-20 for AP and Telangana Employees, shshadri it softwate, zaheeruddin sto kakinada it softwates, mobile tax, all famous IT Calucalation softwares download link available at  this page INCOME TAX Caliculations for AP TS Employees, pensioners, Rates of Tax, Deductions. Latest and Updated software for AP & TS Teachers and Employees for the Financial Year 2019-2020 and the Assessment year 2020-2021.



IT Softwares 2019-20 for AP &Telangana


Govt of India- Income Tax Department Tax Rates - 2019-20
The Teacher Income Tax Software 2019-20 such as Teachersbuzz, Putta Srinivas, Gunturbadi and KSS Prasad IT Software, guide TS and AP teachers/ employees to organise taxes properly in Excel sheet program, pay and file taxes online in advance via e-filing according to the slab rates for the Financial Year 2019-20 and for the Assessment Year 2020-21. The online IT Software 2019-20 calculators prepared by teachersbuzz.in, KSS Prasad, Putta Srinivas and Gunturbadi make it easy for teachers and employees of the Telangana State (TS) and the Andhra Pradesh (AP) state to register, submit and file tax returns.

Financial year generally begin from 1st April and end on 31st March. For instance, the IT filings for the financial year 2019 - 20 begins from 1st April 2019 and last till 31st March 2019. Assessment year is the year that comes immediately following the financial year wherein the Taxes are evaluated and assessed. Teachers and employees in TS and AP can utilise the IT Software to calculate monthly salary particulars automatically and automate the e-filings based on the Tax Slab rates.

As of the FY 2019-20 and AY 2020-21, the Tax Slab rate and exemption limit remain changed for individuals from the Financial year 2018-19 and Assessment Year 2019-20. 

Income Tax Slab for FY 2019-20  AY 2020-21

Individual Tax
  1. Income Tax Exemption Limit from Rs. 2.5 lakh to Rs. 5 lakh for all tax payers. The exemption limit of Rs. 5 lakh combined with deductions on savings available under Sector 80 will mean that people earning Rs 6.5 lakh may not be required to pay any Income Tax.
  2. Standard Deduction for salaried tax payers increased from Rs. 40,000 to Rs. 50,000.
  3. Rent exempted from TDS increased to Rs. 2.4 lakh from Rs. 1.8 lakh.
  4. TDS exemption on interest on post office and bank deposits raised from Rs. 10,000 to Rs. 40,000.
  5. Gratuity limit increased from Rs. 10 Lakh to Rs. 30 lakh.
  6. Exemption on Capital Gains Tax under Section 54 of up to Rs. 2 crore on residential property can now be claimed for investment of proceeds in 2 residential properties once in a lifetime.
  7. IT returns and refunds to be processed within 24 hours.
  8. IT scrutiny to be made simpler with digital-unmanned system where the identity of the IT officer and tax payer remains anonymous.

Other Key Points
1. Additional deduction of Rs. 50,000 under Section 80 C, CCC, CCD(1): Deduction allowed under Section 80C, 80CCC, and Section 80 CCD(1) for savings/investments, premium for annuity / pension fund and employee contribution to NPS respectively has been increased to Rs. 1.5 lakh from Rs. 1 lakh (Section 80CCE Limit)
2. Income Tax exemption on Interest paid on housing loan under Section 24 of the Income Tax Act increased from Rs. 1.5 lakh to Rs. 2 lakh
3. Rebate under Section 87A: Tax reimbursement for tax payers under section 87A should be payable to those below Rs 3.5 lakhs. Reduced to 2,500 / -.  
4. House rent receipt is compulsory when across Rs.36000/ per annum.

IT Income Tax Software FA 2019-2020: PDF Files - Forms
2. Income Tax 2018-19 Rules in Telugu
3. Data Capture for IT Calculation(IT Preparation Form)


Income Tax Software FA 2018-2019 ( AY 2019-20)



1. KSS PRASAD IT SOFTWARE 2018-19 AP/TS (New)

2. Putta IT Software2018-19 / IT Software (TS New)
    Putta IT Software2018-19 / IT Software  (AP New)

3. C.Ramanjaneyulu IT Software 2018-2019 
         (Updated on 02-02-2019) ( AP, TS )

4. K Vijay Kumar ITSoftware 2018-19 (AP)
    K Vijay Kumar ITSoftware 2018-19 (TS) 

5. S. Sheshadri IT Software 2018-19 (TS + AP)

IT Excel Softwares & CALICULATOR 2018-19 : 

INCOME AND TAX Govt CALCULATOR 2018-2019



S.NO. INCOME TAX SOFTWARE DOWNLOAD
1 IT Software 2018-19 for AP & Telangana for AY 2019-20  Click Here
2 KSS Prasad Income Tax Software FY 2018-19  Click Here
3 Putta Srinivas Reddy Income Tax Software FY 2018-19  Click Here
4 Vijay Kumar Income Tax Software FY 2018-19  Click Here
5 Zaheeruddin STO, Kakinada IT Software FY 2018-19  Click Here
6 C.Ramanjaneyulu Income Tax Software FY 2018-19  Click Here
7 B.Srinivasa Chary Income Tax Software FY 2018-19  Click Here
8 Seshadri Income Tax Software FY 2018-19  Click Here
9 Ramzan Ali Income Tax Software FY 2018-19  Click Here
10 Mobile Version Income Tax Software FY 2018-19  Click Here
11 Model School Teachers (APMS IT)   Software FY 2018-19  Click Here
12  DSC Wise Teachers IT Calculation Tables 2018-19 for AP, TS    Click Here
13 IT  Softwares 2018-19 AP TS Teachers, Employees with PRC Arrears  Click Here
14 AP Employee Online Salary Details, Online Employee Pay Details  Click Here
15 TS Employees, Teachers Pay details, Month wise Salary Statement       Click Here
16 Telangana Employees  Salary certificate  Click Here
17 How to Download SBI Home Loan Statement Interest and Principal    Click Here
18 How to Get LIC Premium Statements for Income Tax Purpose  Click Here
19 How to Pay PLI ( Postal Life Insurance ) Premium Online  Click Here
20 Tax Rebate u/s 87A Income Tax Exemption Guide     Click Here
21 Income Tax Slab Rates and Deductions Analysis for FY 2018-19    Click Here
22 How to do Income Tax E-Filing Online Step by Step Process  Click Here
23 Income Tax e-Filing Processed (Confirmed) OR Not? Check Here  Click Here




INCOME TAX SGT DSC Wise DSC 1989, 1996, 1998,2000,2001 2002, 2003, 2006, 2008, 2012 Model IT Calculations


INCOME TAX DSC Wise DSC 2006, 2008, 2012 Model IT Software

READ: Income Tax Calculator for FY 2018-19 Tax Planning eBook -Section wise information Download for FY 2018-19 (AY 2019-20)

Read : Income Tax Slab Rates and Deductions for the Financial Year 2018-19 (AY 2019-20) 


Income Tax Slabs for the Individual (Below 60 Years Age) for the Financial Year 2019-2020 (Assessment year 2020-2021) 


Income range per annum Tax Rate FY 2019-20, AY 2020-21 Tax Rate FY 2018-19, AY 2019-20
Up to Rs. 2.5 lakhs No Tax No Tax
Above Rs. 2.5 lakhs to Rs. 5 lakhs 5% + 4% cess 5% + 4% cess
Above Rs. 5 lakhs to Rs. 10 lakhs 20% + 4% cess 20% + 4% cess
Above Rs. 10 lakhs to Rs. 50 lakhs 30% + 4% cess 30% + 4% cess
Above Rs. 50 lakhs to Rs. 1 crore 30% + 10% surcharge + 4% cess 30% + 10% surcharge + 4% cess
Above Rs. 1 crore 30% +15% surcharge + 4% cess 30% +15% surcharge + 4% cess
Rebate under section 87(A) 100% tax rebate subject to maximum of Rs. 2,500 available to resident individual whose total income does not exceed Rs. 3.5 lakhs 100% tax rebate subject to maximum of Rs. 2,500 available to resident individual whose total income does not exceed Rs. 3.5 lakhs


 Income tax slabs for senior citizens including both male and female taxpayers of age more than 60 years but less than 80 years FY 2019-20
Income range per annum Tax Rate FY 2019-20, AY 2020-21 Tax Rate FY 2018-19, AY 2019-20
Up to Rs. 3 lakhs No Tax No Tax
Above Rs. 3 lakh to Rs. 5 lakhs 5% + 4% cess 5% + 4% cess
Above Rs. 5 lakhs to Rs. 10 lakhs 20% + 4% cess 20% + 4% cess
Above Rs. 10 lakhs to Rs. 50 lakhs 30% + 4% cess 30% + 4% cess
Above Rs. 50 lakhs to Rs. 1 crore 30% + 10% surcharge + 4% cess 30% + 10% surcharge + 4% cess
Above Rs. 1 crore 30% +15% surcharge + 4% cess 30% +15% surcharge + 4% cess
Rebate under section 87(A) 100% tax rebate subject to maximum of Rs. 2,500 available to resident individual whose total income does not exceed Rs. 3.5 lakhs 100% tax rebate subject to maximum of Rs. 2,500 available to resident individual whose total income does not exceed Rs. 3.5 lakhs


Income tax slab for super senior citizen including both male and female taxpayers of age more than 80 years FY 2019-20
Income range per annum Tax Rate FY 2019-20, AY 2020-21 Tax Rate FY 2018-19, AY 2019-20
Up to Rs. 2.5 lakhs per annum No Tax No Tax
Up to Rs. 5 lakhs per annum No Tax No Tax
Above Rs. 5 lakhs to Rs. 10 lakhs 20% + 4% cess 20% + 4% cess
Above Rs. 10 lakhs to Rs. 50 lakhs 30% + 4% cess 30% + 4% cess
Above Rs. 50 lakhs to Rs. 1 crore 30% + 10% surcharge + 4% cess 30% + 10% surcharge + 4% cess
Above Rs. 1 crore 30% +15% surcharge + 4% cess 30% +15% surcharge + 4% cess


  Exempted income  
Tax Head Firms Domestic Companies
Income Tax for turnover upto Rs. 400 crores 30% 25%
Income Tax for turnover above Rs. 400 crores 30% 30%
Surcharge as % of income tax 12% of tax in case the total income exceeds Rs. 1 crore ·         7% of tax in case income is more than Rs. 1 crore but less than Rs. 10 crore. ·         10% of tax in case income is more than Rs. 10 crore.
Cess as % of tax and surcharge 3% of tax plus surcharge 3% of tax plus surcharge


Tax slabs for Firms and Domestic Companies FY 2019-20 The above table highlights the latest tax slabs for the firms and domestic companies. The tax treatment in both the cases differs from the tax treatment of individuals and HUFs.  


Savings (80C) in various savings : 
Savings made in the medals of GPF, ZPGPF, APGLI, GIS, LIC, PLI, National Saving Certificates, Public Provident Fund, Sukanya Samruddhi Yojana, ELSS, ULIPS etc., Pre his up to Spouse High School, The fees paid to higher studies from the school, the original (principle) paid on home loan, stamp duty paid for registration in the financial year for the year. Except for 1.5 lakhs.
Saving in the Annuity Savings Scheme (80 CCC): Premium paid for ONutty schemes taken by LIC or other insurance providers.

80C & 80CCE- Maximum Exemption up to Rs.150000
Investments up to Rs.1.5 lac in PF, VPF, PPF, Employee Contribution in NPS,Insurance Premium, Housing loan principal repayment, NSC, ELSS, long term bank Fixed Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (for example) all 1 lac can be invested in NSC or PPF etc.
  • Provident Fund (PF) & Voluntary Provident Fund (VPF)
  • Postal Life Insurance ( PLI )
  • APGLI / TSGLI
  • Life Insurance Premiums
  • Unit linked Insurance Plan
  • Public Provident Fund (PPF)
  • National Savings Certificate (NSC)
  • Home Loan Principal Repayment & Stamp Duty and Registration
  • Tuition fees for Two children
  • Equity Linked Savings Scheme (ELSS)
  • 5-Yr bank fixed deposits (FDs)
  • Pension Funds or Pension Policies – Section 80CCC
  • Infrastructure Bonds
  • NABARD rural bonds
  • Senior Citizen Savings Scheme 2004 (SCSS )

Income Tax Deductions Section wise Details below :
Section Deduction on FY 2018-19
80CC For amount deposited in annuity plan of LIC or any other insurer for pension from a fund referred to in Section 10(23AAB).
80CCD(1) Employee’s contribution to NPS account (maximum up to Rs 1,50,000)
80CCD(2) Employer’s contribution to NPS account Maximum up to 10% of salary
80CCD(1B) Additional contribution to NPS Rs. 50,000
80TTA(1) Interest Income from Savings account Maximum up to 10,000
80GG For rent paid when HRA is not received from employer Least of rent paid minus 10% of total income Rs. 5000/- per month 25% of total income
80E Interest on education loan Interest paid for a period of 8 years
80EE Interest on home loan for first time home owners Rs 50,000
80CCG Rajiv Gandhi Equity Scheme for investments in Equities Lower of – 50% of amount invested in equity shares or Rs 25,000
80D Medical Insurance – Self, spouse, children Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old Rs. 25,000 Rs. 30,000
80DD Medical treatment for handicapped dependant or payment to specified scheme for maintenance of handicapped dependant   Disability is 40% or more but less than 80% Disability is 80% or more   Rs. 75,000 Rs. 1,25,000
80DDB Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD   For less than 60 years old For more than 60 years old For more than 80 years old   Lower of Rs 40,000 or the amount actually paid Lower of Rs 60,000 or the amount actually paid Lower of Rs 80,000 or the amount actually paid
80U Self suffering from disability:   Individual suffering from a physical disability (including blindness) or mental retardation. Individual suffering from severe disability     Rs. 75,000 Rs. 1,25,000
80GGB Contribution by companies to political parties Amount contributed (not allowed in cash)
80GGC Contribution by individuals to political parties Amount contributed (not allowed in cash)
80RRB Deductions on Income by way of Royalty of a Patent Lower of Rs 3,00,000 or income received
 


Salaries to be paid as income: -
Pay, DA, HRA, IR, CCA, Allowances, Medical Allowances, Additional Incentive Allowance, Surrender Lease Salary, PRC Arrears, Step Up Arrivals, Vacation Time Salary, etc. The Navi is reckoned as income.

Non-Income Issues: -
Cash withdrawals received from GPF / GIS / AP (TS) GLI after receipt of retirement, earned money on cash holidays, semi-annual leave, LTC, travel reimbursement, medical reimbursement and GPF, AP (TS) .

HRA exemption:
Under Section 10 (13A), the sum of any of the following three factors may be exempt from the total income.
The amount of rented house rent
Home Rental Paid Amount - 10% Basic + DA
40% wage
The home rental allowance (HRA) to 3,000 / - per month (36,000 / - per year) is required to submit the receipt to the DDO to get the entire HRA exemption. The PAN number is to be paid by the owner of the house if the rent is 1 lakh. HRA exemption does not apply to those living in their own home.

 Income Tax in Budget FY19-20 Highlights
  1. No Income tax for individuals with Annual Taxable Income of upto Rs. 5 lakh. No change in Income Tax Slabs.
  2. Surcharge increased by 3% for individuals with Income of Rs. 2-5 crores and by 7% for income more than Rs. 5 crores.
  3. Aadhaar card can now be used interchangeably for PAN card. Thus, you no longer need PAN to file income tax returns.
  4. Additional deduction of Rs. 1.5 lakhs for interest on home loan availed for purchase of Affordable houses of up to Rs. 45 lakh till March 2020.
  5. Income tax deduction of Rs. 1.5 lakhs for interest on loan taken to buy an electric vehicle.
  6. Pre-filled ITR for Individuals.
  7. IT scrutiny to be made simpler with a digital-unmanned system where the identity of the IT officer and taxpayer remains anonymous.
  8. Immediate Aadhaar card for NRIs with an Indian passport, no waiting period of 180 days.
  9. Income Tax Exemption limit on withdrawal from National Pension System to 60% from 40%.

Income Tax Caliculations 2018-19  

Updated Income Tax Software 2018-19 for AP &TS
Income Tax Exemption Guide, Deduction Sections for 2018-19 
Income Tax Slab Rates and Deductions for 2018-19
#Income Tax Calculation 2018-19 detailed process
Income Tax Exemption Guide for FY 2018-19
#  Circ.No .1/2017 Dt,10/1/2017 Income tax Deduction from Salaries 2018-19
#Income tax Data Capture Format 2018-19



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IT Excel Software FA 2017-2018 AY 2018-2019:
(for Assessment Year 2018-2019)
1. B Srinivasa Chary IT Software 2018 (TS + AP) 
2. KSS PRASAD IT SOFTWARE 2018  
3. Putta IT Software 2018 / IT Software (  TS)
4. Putta IT Software 2018 / IT Software  (AP)
3. K Vijay Kumar IT Software 2018 (TS) 12-02-2018
4. K Vijay Kumar IT Software 2018 (AP) 12-02-2018
5. V.Srinivasulu SA IT Software 2018 (Updated On 08.01.2018)
6. Jaladi Ravi IT Software 2018
7. Nagendra IT Software 2018
8. Perumal Ramanjaneyulu IT Software 2018( AP )
9. John Sunder IT Software 2018
10. Jayaram IT Software 2018
11. CV Prasad IT Software 2018
12. Income Tax Software FY 2017-18 for AP Govt Employees
13. Income Tax Software for Telangana Govt Employees
14. IT Software for AP Model Schools - Ch V Ramana Muthy


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IT Income Tax Software FA 2016-2017 AY 2017-2018
(for Assessment Year 2017-2018)

1. IT Software (Trial Version)
2. Income Tax Software(30/1/2017)(KSS Prasad)
3. Income Tax Software(11/02/2017)(KSS Prasad)
4. IT Software by PUTTA 17/1/2017 or Link (Telangana -PUTTS)
5. IT Software by PUTTA 17/1/2017 or Link (AP -PUTTA)
6. VIjay kumar's IT Software (AP - Vijaykumar)
7. Vijay kumars' IT Software (Telangana - Vijaykumar)
8. BS CHary's IT Software 2017 (B Srinivasa Chary)
9. KCS Reddy's IT Software
10. INCOME TAX SOFTWARE 2016-17 By JAYARAM
11. IT 2016-17 Excel Programme ( Trial Version ) for TS & AP
12. Income Tax Calculation in Telugu PDF File download
13. Income Tax Exemption Guide
14. Circular No .1/2017 Dt,10/1/2017 Income tax Deduction from Salaries 2016-17


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