Financial Studio: Android Based Application for Computing Tax, Pension, Zakat and Loan

TL;DR

Financial Studio is an Android application that integrates modules for calculating tax, pension, zakat, and loan, providing a user-friendly tool for individuals and employers to perform various financial computations efficiently.

Contribution

This work introduces an integrated Android-based financial application using MIT App Inventor, combining multiple financial calculation modules into a single accessible platform.

Findings

Effective in performing various financial calculations

User-friendly interface for diverse financial modules

Statistical analysis confirms system effectiveness

Abstract

This work 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. The application is developed using MIT app inventor-based android platform. The financial studio has four computational modules, namely: (i) tax, (ii) pension, (iii) zakat, and (iv) loan. The system provides an integrated environment for performing aforementioned distinct calculations by integrating different financial modules into a single application in a user-friendly way. The statistical analysis shows that the application is effective to deal with different financial calculations