If you’re paying taxes in AY 2015-16 (FY 2014-15) you may want to get a rough estimate before you go to a tax consultant (or do it yourself). For that purpose, you may want to check out this income tax calculator I launched few days ago.
It’s a simple web based tool that helps you get an overview of your total income tax liability (or refund) for the current assessment year. The process is straightforward and simple with step-by-step guide for each sections. (especially for beginners)
First, select your age and financial year (2014-15 is selected by default) and enter your income details in 2nd step. Make sure you add all income sources correctly and also the amount of tax paid in advance (TDS, TCS etc).
Then, you can enter the amounts for eligible deductions before you get to the final report on your tax liability/refund. The deduction page helps you in the process by offering simple and easy to understand interpretation for various sections including section 80C, 80D, 80G, 80E and so. Make sure you read all the details before moving to the next.
Visit the Website : http://incometaxcalculator.net.in
Update! Also check out this one http://sipcalculator.in if you invest in mutual funds through SIP (Systematic Investment Plan) and http://irr-calculator.com for calculating internal rate of return for an investment.
Note : This is an old article targeted at older version of Ubuntu.
For Ubuntu 9.10 or 10.04, a lot of softwares or tools available for managing accounts and financial transaction but I’ve picked the best two.
Homebank is a simple and fast application program for managing accounts and transaction.Its graphical user interface is designed well(By Using GTK2) and easy to use.Home-Bank is an open source and free software, designed to serve as a personal accounting tool for all users.
Features of HomeBank
- support multi accounts
- It can import data from QFX/CSV files
- you can manage your budget
- statistical analysis with graphical charts
- fast startup time
How to Install HomeBank on Ubuntu 10.04
Open Ubuntu Software Center and search for “homebank”.Then click on install button in the results(containing homebank).Installation will begin and complete within few minutes.Then you can use homebank from Applications->Office->HomeBank.
2. GnuCash Finance Management
Gnucash is also an financial accounting software that can be used for personal use and small business.It is an open source,free and cross platform application(available for GNU/Linux,BSD,Windows,Solaris and MacOSX).GnuCash is very flexible and easy to use and you can track your bank accounts,income,expences and stocks.Some other features includes
- QIF/HBCI/QFX import
- transaction scheduling
- Financial Calculation
- Double Entry
- Mutual Fund Accounts
- Graphical Analysis
- Transaction Finder
- Support for Multiple Currencies
How to install Gnucash on Ubuntu .
You may also find these web based finance tools useful :
GnuCash, a Finance Management software is free and open source accounting software for Ubuntu.Gnucash is a cross-platform tool for managing bank account transactions and online stocks. On Ubuntu 10.04 or in older versions like 9.10 you can install Gnucash in many ways e.g from ubuntu terminal or shell as well as from Synaptic Package Manager or Ubuntu Software Center.
Install GnuCash from Command Line
Open terminal CTRL+ALT+T or Applications->Accessories->Terminal.Then Type the command –
sudo apt-get install gnucash
Then enter user login password and type “y” to continue.Wait until the installation is complete
Install Gnucash from Ubuntu Software Center
Open Ubuntu Software Center from Applications and search for “gnucash”.Then click on install to begin installation(You may have to authenticate ).It will complete within few minutes.You can open GnuCash from Applications->Office->GnuCash Finance Management.
Conclusion : Gnucash is one of the best free accounting softwares available and it is cross-platform application so it is also available for Microsoft Windows.Gnucash for Microsoft Windows