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Income Tax Software 2017-18 - TS / AP Teachers IT Calculator with Arrears Form 10E

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#Updated AP Teachers Income Tax Software 2017-18 TS Teachers Income Tax Software for Teachers Income tax Slab rates Employees Income Tax Calculation Financial year 2017-18 Income Tax Assessment year 2018-19,  80c Saving limit FY 2017-18 AY 2018-19 AP Retirement Employees Income Tax Calculation Housing Loan Principal Amount Exemption and Housing Loan Interest Deduction and with CPS Employees Additional Benefit 80 CCD (1B). Income Tax Software 2017-18 Developed by C. Ramanjaneyulu, Teachers Income tax calculation Updated Software 2017-18.
How to Calculate Arrears Claim Relief under Section 89(1) FY 2017-18 - Form 10E
How to Download Salary Particulars Month wise in Mobile 

AP / TS Employees Income Tax Assessment calculate Steps

Income Tax Software for AP / TS Teachers/ Employees IT Slab rates, Saving Details
Income Tax Software for AP / TS Teachers/ Employees

Rates of income tax for the Financial year 2017-2018 - Assessment Year 2018-2019

No change in the Income Tax Slabs rate and exemption limit for Individual  Person in Assessment Year 2017-18 and Financial year 2016-17.There is no change in the rate of Education Cess and Secondary 2%  & Higher Education Cess 1% on . Official Income Tax of India Indusual Income Tax.Housing Laon Principal Amount Exemption and Housing Loan Intrest Deduction Income Tax 2015-16 .Educational Loan and Two Children Tuition fee Reimbursement No tax. I prepared One Model Income Tax Calculation 2017-18 financial year.

Income Tax Slabs for the Individual (Below 60 Years Age) for the Assessment Year 2017-2018

S. No.
Income Tax Slab
Income Tax Rate Payable
1. Rs. 0 to 250,000 No Income Tax
2. Rs. 250,001 to 500,000 5%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%

Income Tax Slabs for the Senior Citizen (60 to 80 Years Age) for the Assessment Year 2017-2018

S. No.
Income Tax Slab
Income Tax Rate Payable
1. Rs. 0 to 300,000 No Income Tax
2. Rs. 300,001 to 500,000 5%
3. Rs. 500,001 to 1,000,000 20%
4. Rs. 1,000,001 and above 30%


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.
  1. Provident Fund (PF) & Voluntary Provident Fund (VPF) 
  2. Postal Life Insurance ( PLI ) 
  3. APGLI / TGLI 
  4. Life Insurance Premiums 
  5. Unit linked Insurance Plan 
  6. Public Provident Fund (PPF) 
  7. National Savings Certificate (NSC) 
  8. Home Loan Principal Repayment & Stamp Duty and Registration 
  9. Tuition fees for Two children 
  10. Equity Linked Savings Scheme (ELSS) 
  11. 5-Yr bank fixed deposits (FDs) 
  12. Pension Funds or Pension Policies – Section 80CCC 
  13. Infrastructure Bonds 
  14. NABARD rural bonds 
  15. Senior Citizen Savings Scheme 2004 (SCSS )

Income Tax Deductions Section wise Details below :

Section Deduction on FY 2017-18
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

Teachers Income Tax Software 2017- 18 Download ( C.Ramanjaneyulu) 15-02-2018
➣ Download KSS Prasad Income Tax Software FY 2017-18 for AP Teachers & Employees 
➣ Download Income Tax Software 2017-18 for TS / AP Teachers (Putta Sinivas Reddy)

* Income Tax 2016- 17 Software Download
* Income Tax 2016-17 Indusual Model Calculation Here  
* Government of India Official Income Tax Calculator 2016-17 Download
* Income Tax Department 2016-17 Tax Preparation Guidelines Download
* CPS Employees Additional Benefit #50,000 in Income Tax on 80CCD(IB) Clarification Copy Download
Income Tax Software 2017-18 for Teachers/ Employees in AP & Telangana States, Employees IT Calculator, New Slab rates, Latest Housing loan, 80C saving sections Download here.
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Blog, Updated at: 6:30 AM

22 comments:

  1. When i am enter Bpay 9740/- it displays #N/A. please rectify the problem

    ReplyDelete
    Replies
    1. Respected sir, in Telangana D.A ARREARS LO AND SEPTEMBER MONTH SALARY LO D.A CHUPISTUNDI

      Delete
  2. Dear Sir! Please Income Tax software update (2016)in HRA Etc

    ReplyDelete
  3. Sir,

    In Anneexre II after s.no.13(total savings 150000) the amount showing Rs.50,000 it is being deducting,it has not shown in data sheet what is that ?

    ReplyDelete
  4. CPS Amount automatic Enter in Annexure II

    ReplyDelete
  5. The date is extended of Income tax return for AY 2016-17. More details: http://blog.saginfotech.com/reasons-why-indian-government-extend-last-date-itr

    ReplyDelete
  6. SIR UNDER 80CCD limit of Rs1,00,000 or Rs1,50,000...???Clarify me sir

    ReplyDelete
  7. SIR UNDER 80CCD limit of Rs1,00,000 or Rs1,50,000...???Clarify me sir

    ReplyDelete
  8. 1,50,000 and Additional 50,000 ( CPS Employees )

    ReplyDelete
  9. Sir, DA calculation not correct in september - 2016 in Inome Tax software of Financial year 2016-17,So rectify the problem.

    ReplyDelete
  10. Replies
    1. Sir, Income Tax Software Uploaded for Financial year 2017-18

      Delete
  11. D.A ARREAR SEP2017 VARAKU CLAIM CHESAMU JAN2017 TO AUG 2017 CREDITED TO GPF SEP 2017 NET BUT IT SHOWS BOTH D.A ARREAS AND SALARY SEPTEMBER SALARY LO CHUPINCODDU

    ReplyDelete
  12. Sir I vl send my particular plz do my income tax and send my mail sir plz

    ReplyDelete
    Replies
    1. Ok Sir, Download TeacherNews Income Tax Update Software

      Delete