2/7/19

Income Tax Software FY 2018-19 AY 2019-20 by S.Seshadri for AP and TS Govt Employees

Income Tax Software FY 2018-19 AY 2019-20 by  by S.Seshadri for AP and TS Govt Employees
Download Income Tax Assessment Software 2018-19 by S.Seshadri SA(MM) Download Income Tax Software FY 2018-19 for AP and Telangana Govt Employees .  Income Tax Software 2018-19
S.Seshadri working as math teacher at high school level has been released Income Tax Software FY 20018-19(AY 2019-20) for all salaried govt employees of Andhra Pradesh and Telangana States. Just entering the basic pay and increment month, and certain deductions one can get full details of salary details(Annexure-I) as well as income tax particulars(Annexure-II), Form16, Rent Sheet, 10E Form. The software is enriched with VBScript in order to get printout directly without navigating File  Print. We hope all State Govt. employees can use this software and take printouts and same can submit to the concerned DDOs.



How Rs.40000 Standard Deduction Helps Salaried Tax Payers
In Budget 2018, Finance Minister has proposed Rs.40,000 standard deduction, which is a fixed amount and helps to reduce tax burden to salaried persons as well as pensioners. This standard deduction not useful to family pensioners. For the tax purpose, one can reduce Rs.40,000 from their gross salary.

Previously we were getting tax rebate to the transport allowance and medical allowance. These two are generally deducted from the gross salary. Now instead of these two, Rs.40000 has been given as standard deduction as per the amendments to Section 17(2)(viii) of the Income-tax Act, 1961.

How it Standard Deduction Helps to Salaried Individual
By availing the Rs.40000 standard deduction tax payers, who fall in the 5% tax slab can save only Rs.2080/-, those who are in 20% slab can get Rs.8320/- as deduction.


Income Tax Slabs FY 2018-19 AY 2019-20
Individual resident (Age below 60 Yrs.) For resident senior citizen (60 Years and Above) For super senior citizen (80 years and Above) For any other person excluding companies and co-operative societies Income Tax rates
Up to Rs 2,50,000/- Up to Rs 3,00,000/- Up to Rs 5,00,000/- Up to Rs 2,50,000/- NIL
Rs 2,50,001–5,00,000/- Rs 3,00,001–5,00,000/- - Rs 2,50,001–5,00,000/- 5%
Rs 5,00,001–10,00,000/- Rs 5,00,001–10,00,000/- Rs 5,00,001–10,00,000/- Rs 5,00,001–10,00,000/- 20%
Above Rs 10,00,000/- Above Rs 10,00,000/- Above Rs 10,00,000/- Above Rs 10,00,000/- 30%


80C Tax Exemption Provisions Income Tax Act
Tuition Fee- Two Children Max Rs150,000
National Savings Certificates (NSC) Max Rs150,000 -
Repayment of Home Loan Principle Max Rs 150,000
LIC Insurance Premium- Annual Max Rs 150,000
Unit linked Insurance Plan Max Rs 150,000
Public Provident Fund Max Rs 150,000 80C
ULIP Max Rs 150,000
PLI 150,000 Max Rs 150,000
Equity linked Savings Schemes (ELSS) Max Rs 150,000
5-Years fixed deposits with bank/post office Max Rs 150,000


IT Act Section 80C
Section 80C , entitles an employee to deductions for the whole of amounts paid or deposited in the current financial year in the following schemes, subject to a limit of Rs.1,50,000/-
In section 80C of the Income-tax Act, in sub-section (1), for the words one lakh rupees, the Amendment of words one hundred and fifty thousand rupees shall be substituted with effect from the 1st day of section 80C. April, 2015 .

IT Act Section 80CCC
Life Insurance Corporation of India or any other approved insurer for receiving pension from the Fund referred to in clause (23AAB) of section 10, he shall, in accordance with, and subject to the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount paid or as does not exceed the amount of 1 lakh rupees in the previous year. Read more about EPF/VPF, PPF, NSC POTD, SCSS, 80CCD, ELSS, ULIP



S.Seshadri Income Tax Software 2018-19 Download for AP and TS Govt Employees 


AP TS Income Tax Softwares for 2018-19 FY, 2019-20 AY Updated Final version IT Program 

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 Software FY 2018-19 AY 2019-20 by S.Seshadri for AP and TS Govt Employees

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