Thesis/Project Title:
Financial Studio: Android Based Application for Computing Tax, Pension, Zakat and Loan
Name:Ulfat Batool, Farheen Bibi, Kishwar Fakhra
Class:MCS
Session: December 2015
Status: Supervised
This thesis deals with the development of android-based financial studio, an integrated
application for calculating tax, pension, zakat, and loan. Financial studio can facilitate
employers of any department and other individuals. It will assist to assess, how much, we
should invest every month to get a desired amount at the end of an investment. It can quickly
calculate taxes, retirement plans, pension, loans, financial investments, and zakat. It has four
modules namely, (i) tax calculation module, (ii) pension calculation module, (iii) Zakat
calculation module, and (iv) loan calculation module.
The tax calculation module is used to perform tax related calculations required by a salaried
person in government and non-organization the tax rules and rates are based on government
of Pakistan (2014-15) regulations. This module calculates income tax to be paid on their
income.
The pension calculation module is used to perform calculations pertaining to pension related
issues of a retired person of some organization. The application assists in computing
computing total gratuity, net pension, increases on pension, medical allowances, and total
monthly pension.
The third module is related to zakat calculations payable on gold, silver, cash, business, and
property. The loan calculation module is used to perform loan related calculations on the
basis of input provided by the user and assists the users for know about the payments to be
made on monthly and yearly basis. The application is user friendly, interactive and provides
easy to use options for the aforementioned financial computations.