Smart Expense Tracking and Tax Estimation Web Application

Abstract: Manual techniques for monitoring the personal finances, which comprise income, expenditure, and budget, are many. Because of such manual techniques, high operational time and efficiency errors are generated. In order to tackle all the above challenges of manual operations. A smart expenses tracking and tax estimation web app is proposed in this project. Users will be able to safely store their income and expenses data which also comprises tax percentage and several other features of total expenses amount and savings. The web app is to be developed using Angular JS as Frontend Technology. Spring Boot as backend and MySQL database. Other features that will be implemented in this web application are the receipts of expenses will be scanned through Optional Character Recognition (OCR) or otherwise, allows the users to input information regarding their expenses via voice command. The web application will enable giving a monthly, yearly budget, giving the spending pattern, giving alerts or notification when the budget limit has exceeded, the other features, apart from what has already mentioned, will be the estimation of taxes on expenses, based on the expenses carried out, through category filtering, via pictorial form.

Index Terms: Personal Finance Management, Expense Recording, OCR Technology, Voice Commands, Budget Warnings, estimation of Taxes.