Release Notes:
1. Form 16:
a.
“Certificate No.”
and “Last updated on” added in the first row of form 16 first page. The
date selected by the user at the time of generating Form 16 is published in the
column Last Update On.
b.
As “Certificate No.”
has been pushed to row one, the new
field in place of “Certificate No.” is “Employee Reference No. provided
by the Employer (If available)”. in this field the employee code would
appear.
c.
In the Quarter details one
column “Amount paid/credited” added.
In this column total earned amount in this quarter will show.
d.
Annexure B has been shifted on the first page
from third page of form 16.
e.
In the second annexure one
more column “Status of matching with
OLTAS” added. In this column the value of “matched chhallan” from challan
creation form will appear.
f.
Verification is also added on
page 1 of Form 16 Part A.
g.
Caption change of Form 16
Part B point no. 9 A. “Sections 80C,
80CCC and 80CCD” and point 9 B. “Other
sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.”
2. Other Income /HRA Rent :
a.
Proposed/Confirmed option now
available to store HRA Rent. This option is available in individual form,
import and ESS (employee request).
b.
Proposed/Confirmed option now
available to store Income from Other Sources. This option is available in
individual form, import and ESS (employee request).
c.
Now you can enter multiple PAN of
landlord.
3. Tax Calculation Changes:
a.
Two fields have been added in Tax
Settings viz. to enter the maximum limit of tax credit and tax credit amount. The default value in the limit is 500000 and tax
credit is 2000.
b.
Rent to calculate HRA Exemption
and Other Income is now processed as per the selection i.e. Proposed/Confirmed.
c.
Surcharge calculation in the
tax process if taxable salary greater than 1 Cr.
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