Dhanlytics

Overview

Dhanlytics is a financial planning simulator focused on Indian taxes, investments and long-term goals. It is best suited to people who want to explore how choices such as renting or retiring at different ages could affect a financial plan. Its breadth of modelling comes at no cost, but it does not execute investments.

Key features

The simulator projects income, taxes, investments, expenses and life events across a multi-decade timeline. Its tax engine compares India’s Old and New regimes and supports deductions including 80C, 80CCD(1B), 80D, 80E, 24(b), HRA and LTA. This makes it useful for seeing tax choices in the context of longer-term planning, rather than treating them only as an annual calculation.

More than 15 account types are supported, from EPF, PPF and NPS to mutual funds, fixed deposits, direct equity and real estate. Users can compare scenarios such as buying versus renting or choosing different retirement ages. Monte Carlo analysis runs 1,000+ randomized market scenarios to estimate the probability of reaching goals; historical backtesting uses actual Nifty 50, debt and gold data from 1990-present. These tools help surface uncertainty and compare assumptions, but their projections are not a promise of outcomes.

Dhanlytics is a Progressive Web App that can be installed and used offline. PDF reports and JSON backups provide ways to keep or share a plan beyond the browser. Financial data stays in the browser’s IndexedDB and is not transmitted to Dhanlytics servers; the service receives a Google email address for authentication. Google Analytics collects anonymous usage data, including approximate location, device and browser type, pages visited and session duration. The privacy policy says the product is designed to comply with India’s Digital Personal Data Protection Act 2023 and Information Technology Act 2000 rules.

Pricing

The Free plan costs nothing, is billed 100% FREE, and requires no credit card. All features are available, so users can access the core planning tools without moving to a paid tier. That makes it a low-commitment option for individual planning, though Dhanlytics is a simulator rather than a service for carrying out investments.

Platforms

Dhanlytics runs on the web and can be installed as a Progressive Web App. Offline use is useful for reviewing a plan without an internet connection, while local browser storage means the financial data is tied to the browser holding it.

Who it's for

Choose Dhanlytics if you are planning around Indian tax regimes and want to compare long-range financial scenarios across several kinds of accounts. It is less suitable if your priority is executing trades or managing investments through the same product.

Pros and cons

• Pros: Indian tax-regime comparisons and deductions are integrated into multi-decade planning, making tax decisions part of the wider picture.
• Pros: Scenario comparisons, randomized market simulations and historical backtesting offer several ways to examine trade-offs and uncertainty.
• Pros: The free plan includes all features, and browser-local financial storage keeps that data off Dhanlytics servers.
• Cons: It is a planning and simulation tool, not an investment execution platform, so users must look elsewhere to act on a plan.
• Cons: Financial data stored in IndexedDB resides in the browser, which may be inconvenient for someone who wants the same plan available across different browsers or devices.

Alternatives

For a broader list of tools, browse Tax Planning Software. Choose Taxottic if you want a tax-focused freemium option available on Android, iOS and the web. Catalyst Tax Insights is another web option, with free personal tax insights and scenario comparisons as well as a paid annual plan. TaxMoov offers a free tax snapshot for one destination and a one-time paid destination report. Instead may suit users seeking a free platform with unlimited users and entities, e-filing and printing, and multi-entity support.

BNA Income Tax Planner is a web and Windows alternative with custom pricing. CFS TaxTools is a Windows-based paid alternative with tax utility worksheets, forms and a tax planner. Corvee Tax Planner is another paid web option. Optiml offers a freemium web alternative with paid annual plans.

Verdict

Dhanlytics is a strong fit for people building long-term financial plans around India’s tax rules who want to compare scenarios without paying for access to its features. Its combination of tax modelling, account coverage and uncertainty analysis is the main reason to choose it. Look elsewhere if you need a platform that can execute investments rather than simulate them.