Every year from starting February to the end of March, most of us often calculate the income tax for the whole year that we must pay.
So, this is why we have listed out some of the top 7 best tax calculator apps to calculate income tax without any hassle.
Income tax is the essential tax that everyone who comes under the Tax Payable scale boundary should have to pay the tax. Every Indian citizen should honestly.
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Tax Payable Boundary
According to current income tax slabs, those whose income is between Rs 5 to 7.5 lakh will be taxed at 10 percent of their total salary, second is for those who earn Rs 7.5 lakh to Rs 10 lakh will be paid 15 percent of income tax, and for more than or equal to Rs 10 lakh and less than or equal to12.5 lakh will pay 20 percent of the total income, Rs 12.5 lakh to 15 lakh at 25 percent and at last those have the income above of Rs 15 lakh will be taxed at 30 percent.
There is zero tax rate for those whose salary is below Rs 5 lakh.
Now based on the new tax slabs, we have found the best income tax calculator apps.
Best Tax Calculator Apps
1. Easy Tax Calculator
Easy Tax Calculator is a must-have application for all the salaried and retired people so that they can calculate their income tax on their salary quickly and smoothly. This app comes up with income tax slab rates for 2018-2019, 2019-2020, and 2020-2021.
With the filter-guided application, you’ll get the correct instructions while filling your income tax return online. Moreover, the app includes information on how to register for an e-filing portal for online ITR submission, how to connect to the income tax portal, how to select ITR forms, and how to e-verify your return, among other things. Users can also get tax-saving tips from the app.
2. Income Tax Calculator:
An income tax calculator, as the name suggests, provides a quick and easy way to calculate your tax in a very simple and easy way. The app is user-friendly even though you can make a choice of your preferred language between English and Hindi too.
3. Aaykar Setu:
Aaykar Setu is an Income Tax Department initiative that helps in providing quick tax calculation tools. Taxpayers can also ask their queries from tax experts on live chat.
4. Tax-Calculator India 2022-2023
Tax-Calculation is never been so easy till now, but now with the help of Tax-Calculator India 2022-2023, calculating tax has become super fun. You just have to enter and enter the instructions based on the app’s requirement and voila! it’s done.
5. Income Tax Calculator 2019, 2020, 2021
Income Tax Calculator 2019, 2020, and 2021 is a pretty simple and top-rated android app that is beneficial to you while estimating your taxes based on your total income. A person can easily get all tax liabilities for FY 2022-23 & FY 2021-22 & FY 2020-21 for both New and Old Tax Regime.
One can estimate the income tax of the New or Old Regime.
6. TaxMode: income tax calculator
This professional-grade USA tax planner tax calculation app is specially developed to satisfy the advanced tax computation needs of a financial planner or salaried person or else retired person and the most important thing about the mobile app is, it is simple enough to be used for a quick tax calculation by an ordinary user.
Some of the key features of the TaxMode app are as follows
- Updated for 2022 and 2021 tax years
- Includes Qualified Business pass-thru threshold and deductions
- Included tax computations
- Regular income tax
- Self-employment tax
- The qualified business income deduction
- Net investment income tax
- Additional Medicare tax
7. Paycheck Calculator
Paycheck Calculator is for US citizens. Based on US Income tax department rules, the app helps people to get their total payable income tax for the current year. The app includes everything like Gross income, pre-deducted tax, federal tax, social security tax, medicare tax, state tax, post-tax deductions, non-taxable incomes, and finally, it calculates the total tax to be paid by the individuals.
So far we have discusses the top 7best tax calculator app, you can use them while tax calculating. All the apps are extremely good, you can check out any one or all the apps, it totally depends on your choice.