“ Mobile - Tax Magic ”
 
TAX MAGIC is an advanced and most comprehensive calculator which will help you find ways to optimize the taxation on your hard earned money.
You can also compute tax for your friends / clients and send them the DETAILED result by SMS

Introduction to User Interface:
Tax computation inputs are strategically divided in 4 pages –
  • First page - Basic Inputs:
    This page consists of the basic details required for calculating the TAX, like Name, Gender, Age, Salary details like Basic per annum, Dearness Allowance (DA) per annum, HRA per annum, Professional Tax per annum and the Other Income (from Interest, Rent Received) per annum.


  • Second Page - HRA / Housing Loan:
    This page captures the details of; Location (select ‘Metro’ If you are located in Delhi, Mumbai, Kolkata or Chennai); Rent Paid per annum and the Housing Loan Principal & Interest paid as applicable.


  • Third Page - Health Insurance & Donation:
    The third page captures the details of the Health Insurance Premium; Education Loan Interest Repayment and Donation u/s 80G.


  • Fourth Page - Investment details:
    Fourth page is the page to enter the per annum investments done in various schemes like – Insurance premium & Others (Mutual Fund, ULIP, FD etc. having exemption u/s 80C); National Saving Certificate (NSC) with the accrued interest; Public Provident Fund (PPF); Employees Provident Fund (EPF); Pension Scheme and Long Term Infrastructure Bonds.



TAX MAGIC gives you a tool wherein you can find ways to optimize the taxation by changing various inputs.
 
Useful Links
To Download a
FREE
INCOME TAX CALCULATOR
on your Mobile Handset,
SMS ’TAXMAGIC’
to 09819091515
OR
Enter your mobile number below, and Click Send.
     
       
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