Income Tax Calculator for Android
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Key Details of Income Tax Calculator
- Income Tax Calculater - Tax Calculator for Salary and Indiciduals Loan...
- Last updated on
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Clean (it's extremely likely that this software program is clean)
Developer's Description
Income Tax Calculater - Tax Calculator for Salary and Indiciduals Loan
Key Features of this app are:
Quick Tax Calculation: The app provides the quickest way for tax computation.
Compare Return: Select two different Assessment Year and compare your IT return for 2 years.
IT Return:
You can plan your saving for the following income source:
Income from Salary
Income from Other Sources
Income from self-occupied house property
Long Term Capital Gains (LTCG)
Short Term Capital Gains (STCG)
Income from Interests
Income from Commissions
Income tax calculation formula will consider the following parameters for deductions while calculating IT Return:
Deduction under 80C (Investment in PPF, NSC, Life insurance Premium, etc.)
Deduction under 80D (Investment under Medical Insurance)
Deduction under 80DD (Investment for Medical treatment)
Deduction under 80EE (Interest on home loan for first-time homeowners)
Deduction under 80TTA (deduction to an individual or a Hindu undivided family in respect of interest received on deposits)
Calculates Income Tax payable for Financial Year 2018-19, 2017-18, 2016-17, 2015-16.
A standard deduction of Rs. 40,000 for salaried taxpayers for the Financial Year 2018-19 is implemented in the last update.
Share It: The result in the form of PDF or image can be shared to family members or your Income Tax Consultant or Chartered Accountant.
-> Taxation on Capital Gains
Short Term On Capital Gains (STCG) as per Slab tax Rates
Short Term On Capital Gains (STCG) @15%
Long Term On Capital Gains (LTCG) with Cost Inflation Index
Long Term On Capital Gains (LTCG) without Cost Inflation Index
-> Income from Other sources
Interest
Commission / Other Income
Winning from Lottery, Crossword Puzzles, etc
Income Tax Calculator - India Calculate your income tax for current financial year, and upcoming financial year, where you can save your tax by investing more in mutual funds, and other investments.