Those amongst you who belong to the category of taxpayers of the country know how tedious and cumbersome the entire tax filing process is. But the real struggle is to find various means and ways and understand different financial policies so that you can save a few bucks from income tax. There are millions of apps available on the Google Play Store today. So how can there not be some for managing your budget and income tax? We have handpicked for you, the top 4 apps that can help you save income tax in 2022. These apps make the entire process of financial planning, investment and tax filing, extremely hassle-free.
Money Manager Expense & Budget
The first on our list of the top 4 apps that help you save income tax is the Money Manager expense and budgeting application for Android. It helps you with financial planning and review, expense tracking and personal asset management, all through a single platform. It simplifies the management of your personal or business finances by recording your transactions, generating spend reports, and offering a budget planner. You can review your assets on a daily, weekly or monthly basis. It even provides you with credit or debit card management services and allows the transfer of assets efficiently.
Income Tax Filing By TaxBuddy
TaxBuddy is an income tax filing application which covers all your tax-related requirements. It is suitable for all individuals including salaried professionals, business people as well as SMEs. The GST and Income Tax Return (ITR) filing services provided by the platform are claimed to be guided by Chartered Accountants. It provides end-to-end tax advisory services and even provides live tax expert advice whenever needed. The platform offers AI-based tax planning services and guarantees tax savings of up to 26%.
Black By ClearTax
Next on our list of the 4 best apps that help you save income tax in 2022 is the Black app by ClearTax. It serves the dual purpose of making financial investments in the form of Mutual Funds as well as filing Income Tax Returns (ITR). It offers various tax-saving investment options like ELSS mutual funds that help you save income tax. You can get tax-saving recommendations and detailed insights about each mutual fund plan to make a well-informed investment decision.
MyTax: Tax Calculator India 2022
Our final recommendation for the best tax-saving applications to use in 2022 is MyTax. It is one of the highest-rated tax apps on the Play Store and provides you with an easy-to-use interface for efficient tax calculation and planning. It puts forward the old and the new tax regimes so that a user can understand income tax calculation and tax-saving opportunities, and choose the one that best fits them.
So those were our top picks for the best 4 income tax saving apps that you can use in 2022. We would love to hear about your experience with these applications. We would also be delighted to get more recommendations from your side, for apps that help in saving income tax. Do write to us in the comments section below.
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