Income Tax Software Financial Year 2017-18 Assessment Year 2018-19 - TeachersBADI.Net

Tuesday, February 13, 2018

Income Tax Software Financial Year 2017-18 Assessment Year 2018-19

Income Tax Software Financial Year 2017-18 Assessment Year 2017-18

Income Tax 2017-18 Information: Finance Act 2014 has made following changes relating to determination of Income Tax payable by Salaried Employees:
1. Taxable Income eligible for full exemption from income tax increased from Rs. 2 lakh to Rs. 2.5 lakh
2. 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)
3. 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
4. In addition to above three new changes, Income Tax Rebate of Rs. 2000 for taxable income up to Rs. 5 lakh continues this year also under Section 87A of Income Tax Act

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IT Income Tax Software FA 2017-2018:
PDF Files - Forms
1. IT Slabs and Calculation FY 2017-18 In Telugu 
2. Income Tax 2017-18 Rules in Telugu
3. Data Capture for IT Calculation(IT Preparation Form)
4. Get Your 'Total Yearly Salary" for 2017-2018 (PDF Form)
5. Income Tax 2017 - 18 Circular ( PDF Form ) - Circulars page
6. IT Act 2017-2018

7. Brief description video on 80ccd (1) 80ccd(1b)&80ccd(2) in telugu

IT Excel Software(12.02.2018):
1. KSS PRASAD IT SOFTWARE 2018 (Updated on 11-02-2018)
2. Putta IT Software 2018 / IT Software (Version 3.2) (TS)
3. Putta IT Software 2018 / IT Software (Version 3.0) (AP)
4. B Srinivasa Chary IT Software 2018 (TS + 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

Scale & Basic Pay Details:
1. Know your Salary Details: AP Employees
2. Know your Salary Details: Telangana Employees
3. Month wise Online Salary Particulars: Telangana Employees

Income Tax ~ Additional Rs.50000 Tax Benefit for NPS(CPS) Employees
DSC wise SGTs Salary for IT ~ Get File
DSC wise SAs Salary for IT ~ Get File

READ: Income Tax Calculation for Financial Year 2016-17 (Assessment Year 2017-2018)

"Finance Act 2013 provided relief in the form of rebate to individual taxpayers, resident in India, who are in lower income bracket, i. e. having total income not exceeding Rs 5,00,000/-. The amount of rebate is Rs 2000/- or the amount of tax payable, whichever is lower. This rebate is available for A.Y. 2015-16 and subsequent assessment years."

Income Tax 2017-18 Assessment 2018-2019


A. Normal Rates of tax - Every Individual Less than of the age 60 Years
S.No.Income in 2014-15Tax
1Upto Rs. 2,50,000/-No Tax ( Nil )
2Between Rs.2,50,001 to 5,00,00010% (Total Income minus Rs.2,50,000)
3Between Rs.5,00,001 to 10,00,000Rs.25,000+ 20% of (Total income minus Rs.5,00,000 lakhs)
4Above Rs.10,00,000Rs. 1,25,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

B. Every Individual up to 60 years to Less than of the age 80 years:
Rates of tax for every individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year:
S.No.Income in 2017-18Tax
1Upto Rs. 3,00,000/-No Tax ( Nil )
2Between Rs.3,00,001 to 5,00,00010% Income in excess of Rs.3,00,000
3Between Rs.5,00,001 to 10,00,000Rs.30,000+ 20% of income in excess of Rs.5,00,000 lakhs
4Above Rs.10,00,000Rs.1,30,000+30% of income in excess of Rs.1,00,000

C. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:
S.No.Income in 2017-18Tax
1Where the total income does not exceed Rs.5,00,000/-No Tax ( Nil )
2Where the total income exceeds Rs. 5,00,000 but does not exceed Rs. 10,00,000/-20 per cent of the amount by which the total income exceeds Rs. 5,00,000/-
3Where the total income exceeds Rs. 10,00,000/-Rs. 1,00,000/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

Income Tax Assessment 2018-2019
Net income rangeIncome-tax ratesSurchargeEducation cessSecondary and higher education cess
Up to Rs.2,50,000NilNilNilNil
Rs. 2,50,000 to Rs. 5,00,00010% of (total income minus Rs. 2,50,000)Nil2% of income-tax1% of income-tax
Rs. 5,00,000 to Rs. 10,00,000Rs. 25,000 + 20% of (total income minus Rs. 5,00,000)Nil2% of income-tax1% of income-tax
Rs. 10,00,000 to Rs. 1,00,00,000Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000)Nil2% of income-tax1% of income-tax
Above Rs.1,00,00,000Rs. 28,25,000 + 30% of (total income minus Rs. 1,00,00,000)10% of income-tax2% of income-tax and surcharge1% of income-tax and surcharge

Employee Pay Details - Know your Salary

For Andhra Pradesh, Telangana State.....   Know Your Pay Details

IT Proforma for Preparing Income Tax Calculation  -- Get The PDF File

Section 80C:
  1. Life Insurance Premium
  2. Premium / Subscription for deferred annuity For individual, on life of self, spouse or any child .
  3. Sum deducted from salary payable to Govt. Servant for securing deferred annuity for self-spouse or child Payment limited to 20% of salary.
  4. Contribution made under Employee’s Provident Fund Scheme.
  5. Contribution to PPF For individual, can be in the name of self/spouse, any child & for HUF, it can be in the name of any member of the family.
  6. Contribution by employee to a Recognised Provident Fund.
  7. Sum deposited in 10 year/15 year account of Post Office Saving Bank
  8. Subscription to any notified securities/notified deposits scheme. e.g. NSS
  9. Subscription to any notified savings certificate, Unit Linked Savings certificates. e.g. NSC VIII issue.
  10. Contribution to Unit Linked Insurance Plan of a Mutual Fund
  11. Contribution to fund set up by the National Housing Scheme.
  12. Housing Loan Principal amount paid
  13. Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children.

Section 80CCG:
As per the Budget 2012 announcements, a new scheme Rajiv Gandhi Equity Saving Scheme (RGESS) will be launched. Those investors whose annual income is less than Rs. 10 lakh (proposed Rs. 12 lakh from A.Y. 2015-16) can invest in this scheme up to Rs. 50,000 and get a deduction of 50% of the investment. So if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

Section 80E:
Deduction in respect of Interest on Loan for Higher Studies

Section 80G:
Deduction in respect of Various Donations 100% or 50% without Restrictions.

Section 80GGC:
Deduction in respect of contributions given by any person to political parties
Source:Income Tax of India

IT Income Tax Software FA 2016-2017
(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 (BS Chary)
9. KCS Reddy's IT Software
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 

DSC wise SGTs Salary for IT
DSC wise SAs Salary for IT
Note: House rent receipt is compulsory when across Rs.36000/ per annum
Income Tax Software 2016-2017 for FA 2015-2016
1Income Tax Software2015-162016-17Ravula Raja Gopal ReddyDownload13/2/2016
2Income Tax Software2015-162016-17Putta Srinivas ReddyDownload for AP
Download For TS
3Income Tax Software for AP-TS2015-162016-17B. Srinivasa CharyDownload13/2/2016
4Income Tax Software2015-162016-17
Nagendra Rao
5Income Tax Software2015-162016-17KSS PrasadDownload 1
Download 2
6Income Tax Software for AP2015-162016-17Vijay KumarDownload13/2/2016
7Income Tax Software for TS2015-162016-17Vijay KumarDownload13/2/2016
8Income Tax Software 2015-162016-17John
Sunder Raju
9Income Tax Software for Agency Areas2015-162016-17Vijay KumarDownload
10Income Tax Software2015-162016-17
11Income Tax Software 2015-162016-2017KADAPA
Yadav srihari rao

Note: Dear Friends, If you have any useful software. please send to

IT Software 2015-2016 - Download

Income Tax Software 2014-15 for AP and Telangana

1Income Tax Software2014-152015-2016Putta SrinivasReddyDownloadNew
2Income Tax Software2014-152015-2016B. Srinivasa CharyDownloadNew
3Income Tax Software2014-152015-2016KSS PrasadDownloadNew
4Income Tax Software2014-152015-2016KSS PrasadDownloadNew
5Income Tax Software for AP 2014-152015-2016Vijay KumarDownload
6Income Tax Software for TS2014-152015-2016Vijay KumarDownload
6Income Tax Software for Those who are staying in Govt. Quarters2014-152015-2016Vijay KumarDownload
6Income Tax Software for Agency Areas2014-152015-2016Vijay KumarDownload
7Income Tax Software 2014-152015-2016
8Income Tax Software  2013-142014-2015

1- Income tax circular by IT department for salaried- Get Circular
2- Income Tax Data Sheet for For Employees for Preparing IT: Get Data Sheet

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