Question 1

How is income tax calculated in India for FY 2025-26?

Accepted Answer

Under the New Regime (FY 2025-26), income up to ₹12 lakh is effectively tax-free with 87A rebate. Slabs: 0-4L = 0%, 4-8L = 5%, 8-12L = 10%, 12-16L = 15%, 16-20L = 20%, 20-24L = 25%, above 24L = 30%, plus 4% Health & Education cess. Use our Income Tax Calculator India for a precise computation.

Question 2

What is SIP calculator and how does it work?

Accepted Answer

A SIP (Systematic Investment Plan) calculator helps you estimate the future value of your monthly mutual fund investments. It uses compound interest: FV = P × ((1+r)^n - 1) / r × (1+r), where P is monthly investment, r is monthly return rate, and n is total months.

Question 3

How do I calculate my in-hand salary from CTC?

Accepted Answer

Your in-hand salary = Gross Salary − Employee PF (12% of Basic) − Income Tax (TDS) − Professional Tax. Under New Regime FY2025-26 with CTC of ₹12L, effective tax is often zero due to the 87A rebate. Use our CTC to In-Hand Salary Calculator for an exact breakdown.

Question 4

How to use a home loan EMI calculator?

Accepted Answer

Enter the loan amount (Principal), interest rate (% per annum), and loan tenure (in years). The EMI is: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where r = monthly interest rate and n = total months. Our calculator also provides a full amortisation schedule.

Question 5

What is ELSS and how much tax can I save?

Accepted Answer

ELSS (Equity Linked Savings Scheme) is a tax-saving mutual fund with a 3-year lock-in. Investments up to ₹1.5 lakh per year qualify for 80C deduction (under Old Regime), saving ₹46,800 for 30% taxpayers. Gains are taxed at 12.5% LTCG above ₹1.25L exemption.

Question 6

How is GST calculated in India?

Accepted Answer

GST = Original Price × GST Rate / 100. To find price exclusive of GST: Original Price = Inclusive Price / (1 + GST Rate/100). GST rates in India: 5%, 12%, 18%, 28% depending on goods/services type. Our GST calculator handles both inclusive and exclusive computation.

Question 7

What financial calculators are available for USA?

Accepted Answer

We offer: Federal Income Tax Calculator (2024 brackets), Paycheck / W-4 Calculator, FICA (Social Security + Medicare), RSU & Stock Options Tax, FHA/VA Loan Calculator, 401(k)/IRA Retirement Calculator, US Capital Gains Tax (short & long-term with NIIT), and Student Loan Repayment Calculator.

Question 8

How is CPF contribution calculated in Singapore?

Accepted Answer

CPF contribution rates vary by age. For employees below 55: Employee contributes 20% of gross wage, Employer contributes 17% (total 37%). Allocated to OA (23%), SA (6%), MedSave (8%). Our CPF calculator computes both employee and employer contributions with allocation breakdown.