Top Income Tax Apps
The end of the financial year is always “taxing” for each of us and fervent calls to chartered accountants and tax planners are bound to be made. If you want to do away with calling your accountant for knowing a few quick answers, put your smart phone to good use and download some of these tax calculating apps that will help you know your tax status by simply plugging in a few numbers.
Product of HCL technologies, FiCal allows you to come up with a range of tax calculations by simply entering details of your personal income and savings. Keen to know the status of interest as well as the EMIs on loans, use FiCal’s EMI Calculator. In addition, the useful Loan reduction plan in FiCal will help you to find the number of payments to be made to pay off your loan. A very interesting feature of this Android app is that it has a Crorepati planner, which means that if you want to become a crorepati by a certain age, then you simply plug in your numbers and FiCal will help you plan your finances to reach the goal.
The app has user friendly interface. It calculates tax based on your income or you can create an account, which is a simple step and gets detailed calculations done. You can key in the details, like break-up of your salary, your savings, and investments, and the app will tell you how much tax you need to pay. The Think Tax app allows you to save the results, mail them to someone or share them with others.
My Tax Calculator
A product of Kotak life, ‘My Tax Calculator’ is a simple and easy to use application to calculate Indian resident’s tax liability.
An individual can earn from multiple sources and is also entitled for various deductions under Income Tax India Act. Wrong tax planning and failure to allocate money towards various deductions can lead to heavy taxation. You can use this calculator to find the deductions you are eligible for and to calculate your tax liability for the financial year 2014-15.
Tax Guide with 10 calculators
While all the other apps in this list are for lay person, this app is meant for professionals like chartered accountants, cost accountants, lawyers and tax practitioners. If you are none of the above mentioned professionals and are well versed with taxation, you too can use this app.
My Tax India
Looking for an android app to calculate your income tax? With “My Tax India” you can immediately calculate your tax, tax splits, and can decide how much more investment is needed to save tax on your income. “My Tax India” also comes with additional features like Export your details, Multiple user entries etc.
Hope these apps will help you out with all the different financial questions that you are facing. From knowing what tax to pay, balancing our monthly budget, and planning your investments.
Picture Courtesy- play.google.com, androidpit.com
by techtalks @TechTalks March 4, 2015 10:50 AM UTC