Home Loan EMI, Prepayment & In-Hand Salary Calculator

Free tools for loan EMI, part-payment savings, rent vs buy, and CTC to in-hand salary with old vs new tax regime (FY 2026-27)

Loan Parameters
Prepayment Strategy
Paid at the start of year 2
Rent vs Buy Comparison
Regular Loan Schedule
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Prepayment Savings Impact
Direct Interest Saved
₹0
New Loan Tenure
0 Yrs
Saved 0 Years
Rent vs Buy Quick Metric

EMI vs Rent outflow difference and immediate cost-to-own gap:

EMI to Rent Gap:
Monthly extra cash needed to own vs renting
₹0 / month
Annual Salary & Deductions
Gratuity requires min 5 yrs
Old Regime Eligible Deductions
Old vs New Tax Regime
Recommended: New
New Regime Tax
₹0
Standard Ded: ₹75,000
Old Regime Tax
₹0
Standard Ded: ₹50,000
Calculating optimum savings...
Estimated Monthly In-Hand (Optimal Regime)
Monthly Gross
₹0
Monthly PF (Emp)
₹0
Net In-Hand
₹0

Estimate only. Assumes the amount entered is your gross salary, deducts employee PF (12% of basic), income tax with 4% cess, and ₹200 professional tax. Surcharge is not included.

Retirement & Gratuity Metrics
Total PF (Employee + Employer, per year)
₹0
Accrued Gratuity (For tenure)
₹0
(Formula: 15 * Last Basic * Yrs / 26)
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Frequently Asked Questions (FAQ)

Important guidelines and insights on Loan EMIs, Prepayments, and Income Tax

Any extra part-payment made over and above your regular EMI directly reduces your loan's outstanding principal balance. Since banks calculate interest strictly on the remaining principal balance each month, prepaying reduces both your total interest outflow and shortens the loan tenure by years.

Jab aap apni regular EMI ke alawa extra part-payment karte hain, toh woh seedha outstanding principal balance me se deduct hota hai. Interest sirf bache hue principal par lagta hai, isiliye early repayment se tenure saalon pehle khatam ho jaata hai aur interest bachta hai.

The standard reducing balance formula used by banks and financial institutions is:

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
  • P = Principal Loan Amount
  • R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
  • N = Total Loan Tenure in Months

Yeh standard formula loan EMI calculate karne ke liye use hota hai, jahan monthly interest reducing principal balance par apply hota hai.

For most salaried professionals, the New Tax Regime works out cheaper unless you claim large deductions. For FY 2026-27 it has a ₹75,000 standard deduction and a Section 87A rebate that makes tax nil up to ₹12 lakh of taxable income, so a salaried person with no other deductions pays no tax up to about ₹12.75 lakh. The Old Tax Regime can still win if your combined deductions (Section 80C, 80D, HRA and Section 24b home loan interest) are high. Enter your numbers in the Tax & Salary tab to compare both.

Agar aapke deductions zyada nahi hain, to New Tax Regime aam taur par sasta padta hai. FY 2026-27 mein ₹12 lakh tak ki taxable income par Section 87A rebate se tax zero hota hai (salaried ke liye standard deduction ke saath lagbhag ₹12.75 lakh tak). Old Regime tab beneficial ho sakta hai jab 80C, 80D, HRA aur home loan interest milakar bade deductions hon. Tax & Salary tab mein apne numbers daalkar dono compare karein.

About These Calculators

Home Loan EMI & Prepayment Calculator

Enter your loan amount, interest rate and tenure to see your monthly EMI, total interest and total payment. Then add a monthly, quarterly or yearly part-payment, or a one-time lump sum, to see how much interest you save and how many years or months your loan tenure is reduced. It works for home loans, personal loans and car loans.

Rent vs Buy Calculator

Add your current monthly rent to compare it with your EMI and see the extra cash you need every month to own a home instead of renting. It is a quick monthly cash-flow comparison and does not include property appreciation, maintenance or tax benefits.

CTC to In-Hand Salary Calculator

Enter your annual CTC and basic salary percentage to estimate your monthly in-hand salary after employee PF, income tax and professional tax. The calculator also shows total PF contribution per year and the gratuity you have accrued for your years of service.

Old vs New Tax Regime Calculator (FY 2026-27)

Compare income tax under the old and new regimes side by side, including the standard deduction, Section 80C, 80D, HRA and home loan interest. Under the new regime, the Section 87A rebate makes tax nil up to ₹12 lakh of taxable income, so a salaried person with no other deductions pays no tax up to about ₹12.75 lakh.

These calculators give estimates for general information only and are not financial, tax or legal advice. Actual EMI and tax can differ based on your lender's method, surcharge, cess and your individual circumstances. Please confirm with your bank or a qualified tax professional.