If you thought pure content would not work on portals, you are right. Bimaonline.com, which claims to be India's first insurance portal, has added on an income tax calculator to its portal. The tax calculator is a fairly ubiquitous feature, available on almost all personal finance sites, free of charge. But the fact that Bimaonline has added on the feature will mean that it will be able to retain those visitors to its portal who need a quick number crunch for the tax implications of their policies.
The calculator is designed for employed persons and will help in reducing their tax deducted at source (TDS) once income details are keyed in, claims Bimaonline. It specifically suggests amounts that can be invested in different tax saving schemes under various sections of the Income Tax Act, such as 88, 80 CCC and 80D. Just one question: why did it take so long for Bimaonline to load on the calculator?
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