Personal finance — income, investments & 80C

Track salary, freelance and other income with TDS, log every investment, and watch your 80C progress toward the ₹1.5 lakh limit.

Finocket tracks your personal money too. Log every income — salary, interest, rent, freelance — with the TDS deducted, record each investment, and watch a live 80C progress bar toward the ₹1,50,000 limit. If you sign up as an individual, these modules are on by default.

How do I record my income in Finocket?

Open Income from the home screen (or turn it on in Profile → Modules & features). The page shows two summary cards — Total income and TDS deducted — so you always know what's been withheld to reconcile against Form 26AS.

To add an entry:

Tap Add income (or go to Add → Income).
Pick a source: salary, interest, rent, dividends, capital gains, freelance, business, pension, gift or other.
Enter a description, the amount and the date.
If tax was deducted at source (say 10% under 194J on a freelance payment), enter the TDS amount.
Add notes if you like, then save. Entries save offline too — you'll see a “Saved offline” toast and it syncs later.

To remove an entry, use delete on the list (it asks you to confirm). Entries can't be edited yet — delete and re-add if you make a mistake.

How do I track my investments and 80C?

Open Investments. Two cards sit on top: Total invested, and 80C eligible with a progress bar against the ₹1,50,000 Section 80C limit — so before March you can see exactly how much room is left.

Tap Add investment.
Choose the type: ELSS, mutual funds, stocks, NPS, PPF, EPF, FD, RD, gold/SGB, bonds, insurance or other.
Name it (e.g. “Axis ELSS SIP”), enter the amount, units or grams, and date.
The 80C eligible switch is pre-set sensibly for the type (on for ELSS/PPF/EPF/NPS, off for stocks) — flip it if your case differs.
Save. Delete works with a confirm; there's no edit screen yet.

Finocket records what you invested (cost). It doesn't fetch current market value or returns yet.

Who can see and change this?

You (the owner) and any assistant you've invited can add and delete entries. An accountant you invite sees everything read-only — a banner reminds them. Turn the Income and Investments modules on or off any time in Profile → Modules & features; individuals get them by default.

Frequently asked questions

Which investments qualify for 80C — ELSS, NPS, PF?

ELSS mutual funds, PPF, EPF and life-insurance premiums count toward the ₹1.5 lakh Section 80C limit; NPS has its own extra ₹50,000 under 80CCD(1B). In Finocket, the 80C switch is pre-set per investment type, and the progress bar totals only 80C-flagged entries.

How do I reconcile TDS with Form 26AS?

Record the TDS amount on every income entry as it's deducted. The TDS deducted card on the Income page gives your running total for the year — match it line by line against Form 26AS/AIS before filing, and chase any deductor whose credit is missing.

A client deducted 10% TDS under 194J — how do I get it back?

That 10% is an advance tax credit, not a cost. Log it in the TDS field on the income entry, verify it appears in your 26AS, then claim it in your ITR. If your final tax is lower, the excess comes back as a refund.

Do freelancers need GST registration?

Only once your turnover crosses ₹20 lakh (₹10 lakh in special-category states), or if you sell through platforms that require it. Below that you can invoice without GST. Finocket works either way — turn the GST module on only when you register.

What is Section 44ADA presumptive taxation?

Eligible professionals with gross receipts up to ₹75 lakh can declare 50% of receipts as income and skip detailed books. Your Income list in Finocket gives you the gross-receipts figure that 44ADA is computed on. Confirm eligibility with your CA.

Can I edit an income or investment entry?

Not yet — entries are add and delete only. If you've entered a wrong amount or date, delete the entry (you'll be asked to confirm) and add it again. Edit support is on the roadmap.