Top 5 apps to calculate your tax for FREE

Nilabh Jha, The Mobile Indian

Here are apps for Android and Symbian platforms that will tell you all about Indian tax laws and also help you calculate your tax liability.
The time to file you income tax returns is round the corner. For those who are confused about their tax liability here are a few apps that are simple, and yet offer complete details about tax liability and how you can reduce it. All these apps are free.
1. Think Tax: Android
The app looks good and is easy to use too. It can calculate tax based on your income or you can create an account, which is a simple step and gets detailed calculations done.
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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.

2. MyTaxIndia: Android My Tax India instantly calculates your tax, tax splits, and can decide how much more investment is needed to save a given amount from your income. My Tax India also comes with added features like the ability to export your details (to mail accounts) and enable multiple user entries etc.

The graphics of the app make it interesting to use and also easy to understand. You can see nice graphs of where your savings are, how much you've saved and many other details.

3. Tax Guide with 10 calculators: Android While all the other apps in this list are for amateurs, 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. These professionals have to deal with various tax computations on a day to day basis. They also need to search for case decisions of various tribunals, High Courts and of the Supreme Court of India. Apart from that they need to keep themselves abreast of news in the taxation field.

This Android application is a very easy tool in the palm of finance professionals. They will not only be able to calculate tax deductions and exemptions under the Income Tax Act, but can also search for CBDT (Central Board of Direct Taxes) circulars, instructions and various case laws. Users can compute tax on total income for the financial year 2011-12, tax deduction at source, house rent allowance exemption, rent free accommodation perquisite, exemption in case of gratuity receipt, leave salary exempt amount etc.

4. Income Tax Calculator: Symbian This app provides a step by step guide to calculate tax. You can feed in your personal data and various sources of income at the home screen. After that the app will take you to the deductions screen.

The next step will display an exhaustive list of deductions. Once the above mentioned data is fed into the app, a screen will appear with details of basic exemption, tax payable under each section, education cess and the total tax payable.

5. Tax News and Views Widget: Symbian
Taxworry.com is a unique app where readers can ask, read and discover everything about income tax laws in India, be it property, income, capital gains or share or speculation business tax.
This app will help you stay up-to-date with the new developments of the current income tax guidelines and is useful for getting your queries answered. With this app you can become an expert in planning your own income tax as well others.