Disclaimer

The calculators and guides on India Calc are published for general informational and educational purposes only. By using this site you accept the terms set out below. If you disagree with any of them, please do not rely on the results.

Not professional advice

Nothing here constitutes financial, investment, tax, legal or accounting advice, and no adviser-client relationship is created by reading a page or using a tool. Our results are estimates produced from the inputs you supply and the standard assumptions listed below. They cannot account for your full circumstances — residency status, family situation, existing loans and investments, employer benefits, previous years' losses carried forward, or anything else we do not ask about. Before acting on a figure, check it with a chartered accountant, a SEBI-registered investment adviser, or your lender.

Assumptions our calculators make

Every calculator simplifies. Knowing which simplifications we chose is the difference between a useful estimate and a misleading one.

• Rounding. We compute at full precision and round only for display, to the nearest rupee. Banks and the Income Tax Department round at different points and sometimes in different directions, so a difference of a rupee or two between our figure and an official one is normal and is not an error.
• Health and Education cess. Income tax results include the 4% cess on the tax computed after rebate. If you compare our number with a source that quotes tax before cess, ours will look about 4% higher.
• Surcharge is not modelled. This is the most important limitation. High-income surcharge, which applies once total income crosses ₹50,00,000 and rises in steps above that, is not included in any of our tax calculations. If your income is above ₹50,00,000, our result will understate your liability, possibly by a large amount. Treat those figures as a lower bound only and get a professional calculation.
• Compounding frequency. The SIP calculator compounds monthly and assumes each instalment is invested at the start of the period. The fixed deposit calculator compounds quarterly by default, which is the common Indian bank convention, but individual banks and NBFCs vary — check the exact terms on your deposit receipt. The compound interest calculator uses the frequency you select.
• Constant rates. Loan and investment tools hold the interest rate or return constant for the whole term. Real floating-rate home loans reprice as the repo rate moves, and real mutual fund returns are never a straight line. A steady 12% assumption is a planning device, not a forecast.
• Charges excluded. EMI results exclude processing fees, documentation and legal charges, stamp duty, prepayment penalties and insurance sold alongside the loan. Investment results exclude expense ratios, exit loads, brokerage, stamp duty on units and any tax on gains. FD results are shown before TDS.
• Standard deduction and rebate. Income tax results apply the ₹75,000 standard deduction under the new regime only where the income is treated as salary or pension, and apply the section 87A rebate automatically where taxable income qualifies. They assume a resident individual below 60 unless the page says otherwise.
• Capital gains and business income. Our tax calculators handle ordinary income. They do not compute capital gains tax, presumptive business income, or set-off of losses.
• Calendar conventions. Tenure in months is taken as exact, ignoring the small effect of unequal month lengths and leap years on interest accrual.

Guides are educational, not advisory

The articles in our guides section explain rules and set out worked examples. Where a guide takes a view — for instance that most salaried people below a certain income do better in the new regime, or that prepaying a home loan early beats prepaying it late — that is a general observation with its reasoning shown, not a recommendation to you. Your situation may point the other way. Guides also describe the law as we understood it on the date shown at the top of the page; tax and GST rules change, sometimes retrospectively.

Accuracy and currency

We make a genuine effort to keep formulas, slabs, rates and deadlines correct, and we review pages on the schedule described on our about page. Even so, laws change, sources conflict and mistakes happen. We do not warrant that the information here is complete, current or error-free. Always verify an important figure against an official source — the Income Tax Department, CBIC, the GST portal or the Reserve Bank of India — before you rely on it.

Investment risk

Tools such as the SIP and compound interest calculators require you to assume a rate of return. Actual returns from mutual funds, equities and other market-linked investments are not guaranteed and can be substantially higher or lower, including negative over long periods. Past performance does not predict future results. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing.

Limitation of liability

To the maximum extent permitted by law, India Calc and its operators accept no liability for any direct, indirect, incidental or consequential loss or damage arising from your use of, or reliance on, this site, its calculators or its guides — including losses from a tax underpayment, an investment decision, a loan taken or a deadline missed.

External links and advertising

We link to third-party sites for reference. We do not control their content, accuracy or privacy practices and are not responsible for them. This site also carries display advertising served by Google. Ads are selected by the ad network, not chosen or endorsed by us, and their appearance is not a recommendation of the advertiser or its products.

If anything here is unclear, or you think a result is wrong, please contact us with your exact inputs so we can check it. See also our privacy policy.