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Reverse Tax Calculator - India for iOS

By Rohan Gupta $4.99

Developer's Description

Calculates how much you will get in-hand given your CTC. Or, conversely, calculates how much CTC you should negotiate for to get a desired amount in hand every month. This is likely to be much more than the nominal price of the app!

Updated for fiscal year 2019-20 (assessment year 2020-21).

This calculator is designed for both:

- Employees / salaried

- Self-employed / freelancers / consultants / businesspeople

Handles three types of taxes:

- Income tax

- GST

- Professional tax

Also handles:

- PF (Employees' Provident Fund, also known as EPF)

- Pension

- Tax Deduction

- Surcharge

- Health and Education Cess

- Surcharge for income above 50 lac

- Presumptive taxation under section 44AD and 44ADA

- Tax-saving investments under section 80C like ELSS, FD (fixed deposit), PPF and NSC, and medical insurance under 80D.

This calculator doesn't handle HRA, LTA, senior citizens, people with taxable income of 1 crore or more, non-resident Indians, and tax calculation for companies. It also assumes, for simplicity, that the basic salary is 100% of the salary, to calculate PF. If you would like an accurate calculation, set the PF rate to zero and calculate the PF manually.

Full Specifications

What's new in version 1.2

General

Release October 8, 2020
Date Added October 8, 2020
Version 1.2

Operating Systems

Operating Systems iOS
Additional Requirements Requires iOS 12.1 or later. Compatible with iPhone, iPad, and iPod touch.

Popularity

Total Downloads 0
Downloads Last Week 0
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