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

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