Download Income Tax Calculator - India - 2020-2021 APK latest version Free for Android
| Version | 1.1.00232 |
| Update | 4 years ago |
| Size | 2.66 MB (2,788,792 bytes) |
| Developer | Aadesh Jain |
| Category | Apps, Finance |
| Package Name | com.projects.freelanceapps.incometaxcalculator |
| OS | 4.4 and up |
Income Tax Calculator - India - 2020-2021 APPLICATION description
This app will help you calculate Income Tax and choose the old or New Tax Regime
Every year after the budget concludes there is one question most working-class individuals and business owners ask: Am I going to pay less or more tax?
Finance Minister Nirmala Sitharaman, in her Budget speech, announced a new, simplified income tax regime for taxpayers with revised income tax slabs and tax rates.
The Budget offered taxpayers the option to pay tax as per the new regime under reduced rates with no exemptions. They can avail rebates and exemptions by staying in the old regime and paying tax at the existing higher rate.
The new tax regime, though optional, will need taxpayers to forego various tax exemptions available in the old regime. So, the net benefit under new tax structure may not be positive for all taxpayers. One needs to do a proper planning of the actual tax savings before switching to the new regime if you are already claiming deductions under 80C or 80D under old tax regime.
On top of it, the option to choose the old or the new income tax regime will just complicate filing income tax returns which was already a complicated process for individual tax payers
This app will help you calculate your income tax and help you choose the right option which will make you save your money.
This app helps you do the following:
- Old vs New Income Tax Calculator India
- Old Tax vs New Tax Slabs Calculator
- Income Tax Calculator India
- 2020 Income Tax Calculator
- 2020 2021 Income Tax Calculator
- Note Right now the rates are for standard individuals only, soon we will add more updates as we keep getting the finer print for senior citizens and so on.
Hope you like the app! Let us know in the review section if you found the app useful.
Finance Minister Nirmala Sitharaman, in her Budget speech, announced a new, simplified income tax regime for taxpayers with revised income tax slabs and tax rates.
The Budget offered taxpayers the option to pay tax as per the new regime under reduced rates with no exemptions. They can avail rebates and exemptions by staying in the old regime and paying tax at the existing higher rate.
The new tax regime, though optional, will need taxpayers to forego various tax exemptions available in the old regime. So, the net benefit under new tax structure may not be positive for all taxpayers. One needs to do a proper planning of the actual tax savings before switching to the new regime if you are already claiming deductions under 80C or 80D under old tax regime.
On top of it, the option to choose the old or the new income tax regime will just complicate filing income tax returns which was already a complicated process for individual tax payers
This app will help you calculate your income tax and help you choose the right option which will make you save your money.
This app helps you do the following:
- Old vs New Income Tax Calculator India
- Old Tax vs New Tax Slabs Calculator
- Income Tax Calculator India
- 2020 Income Tax Calculator
- 2020 2021 Income Tax Calculator
- Note Right now the rates are for standard individuals only, soon we will add more updates as we keep getting the finer print for senior citizens and so on.
Hope you like the app! Let us know in the review section if you found the app useful.
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