Question 1

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. Enter your monthly investment amount, expected annual return rate, and investment period to get estimated corpus. Formula: FV = P × [(1+r)^n - 1] / r × (1+r), where P is monthly investment, r is monthly rate, n is number of months.

Question 2

How to calculate EMI for home loan in India?

Accepted Answer

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is principal loan amount, R is monthly interest rate (annual rate ÷ 12), N is loan tenure in months. For example, a ₹20 lakh home loan at 8.5% for 20 years gives EMI of approximately ₹17,356/month.

Question 3

How much income tax do I pay in FY 2026-27 under new regime?

Accepted Answer

Under New Tax Regime FY 2026-27: Income up to ₹4 lakh — NIL, ₹4-8 lakh — 5%, ₹8-12 lakh — 10%, ₹12-16 lakh — 15%, ₹16-20 lakh — 20%, ₹20-24 lakh — 25%, above ₹24 lakh — 30%. Standard deduction of ₹75,000 applies. Income up to ₹12.75 lakh attracts ZERO tax after rebate u/s 87A.

Question 4

What is 8th Pay Commission expected fitment factor?

Accepted Answer

The 8th Pay Commission fitment factor is expected to be between 1.92x to 3.83x. NC-JCM (National Council Joint Consultative Machinery) has demanded 3.83x fitment factor. Conservative estimates suggest 1.92x to 2.28x. The 8th CPC is expected to be implemented from January 1, 2026.

Question 5

What is PPF interest rate 2026 and how to calculate PPF maturity?

Accepted Answer

PPF interest rate for 2026 is 7.1% per annum, compounded annually. For a 15-year PPF with ₹1.5 lakh annual deposit, maturity amount = approximately ₹40.68 lakh. PPF maturity is completely tax-free under Section 10(11) of Income Tax Act.

Question 6

How to calculate FD maturity amount?

Accepted Answer

FD Maturity = P × (1 + r/n)^(n×t), where P is principal, r is annual interest rate, n is compounding frequency (quarterly=4), t is time in years. For ₹1 lakh FD at 7% for 5 years (quarterly compounding), maturity = ₹1,41,478.

Question 7

What is NPS and how much pension will I get?

Accepted Answer

NPS (National Pension System) is a government pension scheme. Monthly pension depends on your corpus at 60, annuity percentage (minimum 40%), and annuity rate (typically 6-7% p.a.). For example, ₹1 crore corpus with 40% annuity at 6% gives approximately ₹20,000/month pension.

Question 8

Is FreeCalcIndia calculator free to use?

Accepted Answer

Yes, FreeCalcIndia is 100% free to use. No registration, no login, no subscription required. All 17+ financial calculators including SIP, EMI, FD, NPS, PPF, Income Tax, 8th Pay Commission calculator are completely free. All calculations happen in your browser — your data never leaves your device.

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