As per the Finance Budget 2017, the Income Tax has changed and new Tax Slab Rate has produced.
The Income Tax Rebate U/s 87A has reduced from Rs. 5,000/- who’s taxable income less than 5 lakh but by the Finance Budget 2017 has reduced the Tax Rebate Rs. 2,500/- who’s Taxable Income less than 3.5 Lakh.
It appears that the Finance Budget has abolished the Income Tax Slab @ 10%, In this regard the Tax Slab for the Financial Year 2017-18 as given below.
As per the New Tax Slab for F.Y.2017-18, Prepared an excellent Income Tax Preparation Excel Based Software for only West Bengal Govt Employees for F.Y.2017-18. In this Excel, Utility has all the amended limit of Tax Section.
The feature of this Excel Utility:-
1) Automatic Calculate Income Tax Liability as per New Tax Slab for F.Y.2017-18
2) Individual Salary Structure as per the W.B.Govt Salary Pattern.
3) Individual Salary Sheet
4) Individual Income Tax Compute Sheet
5) Automatic House Rent Exemption Calculation U/s 10(13A)
6) Automated Form 16 Part A&B for F.Y.2017-18
7) Automated Form 16 Part B for F.Y.2017-18