TaxTy-Tax Calculation AI

Example

For instance, a freelance graphic designer uploads their yearly earnings and expense details in an Excel format. TaxTy analyzes this data to compute the total taxable income, applying the latest tax slabs and rates, and calculates the tax payable, considering eligible deductions like expenses on business equipment.

Scenario

This function is particularly useful during the annual tax filing season when accurate and swift calculation of tax liabilities becomes critical.

Example

A small business owner uploads their financial spreadsheets to TaxTy, which then identifies various deductible expenses, such as travel, advertising, and depreciation on assets, that may not have been fully utilized.

Scenario

This helps users maximize their tax savings by ensuring all eligible deductions are claimed.

Example

An individual considering various investment options for tax saving purposes inputs their financial details into TaxTy. The tool evaluates different scenarios based on the data provided, suggesting the most tax-efficient investments, like ELSS, PPF, or NPS, tailored to the user’s financial goals and tax bracket.

Scenario

This function aids users in making informed decisions about where to invest their money to derive maximum tax benefits while aligning with their financial planning.