SmartUtilz Finance has 10 free calculators covering every major personal finance need — from Indian income tax to compound interest. Here's a quick guide to each one and when to use it.
1. Income Tax Calculator
Choose between Old Regime (with deductions like 80C, HRA) and New Regime (flat slabs, higher standard deduction). Enter your gross salary, select your regime, and instantly see your tax liability broken down slab by slab. Great for comparing both regimes before filing.
2. GST Calculator
Enter a base price and select the GST slab (5%, 12%, 18%, 28%). It shows CGST + SGST (for intra-state) or IGST (for inter-state), the total inclusive price, and the tax amount. Also works in reverse — enter a GST-inclusive price to extract the tax component.
3. Home Loan / EMI Calculator
Enter principal, interest rate, and tenure. See monthly EMI, total interest payable over the loan life, and the amortisation schedule. Useful for comparing 15-year vs 20-year tenure or evaluating a rate change impact.
4. Capital Gains Tax Calculator
Updated for Budget 2024 changes. Enter purchase price, sale price, and date of purchase. The calculator applies the correct STCG / LTCG rates for equity (20% STCG, 12.5% LTCG above ₹1.25L) and property / gold (12.5% LTCG, no indexation from Jul 23 2024).
5. SIP Returns Calculator
Enter monthly SIP amount, expected annual return (%), and investment duration. See total invested amount, estimated final corpus, and wealth gained. Try different return scenarios (10%, 12%, 15%) to understand sensitivity.
6. EPF Calculator
Enter your basic salary, employer/employee contribution percentages, and years of service to estimate your EPF corpus at retirement. The calculator uses the current 8.25% EPF interest rate.
7. NPS Calculator
Calculate your National Pension System retirement corpus. Enter monthly contribution, expected return, and years to retirement. See total corpus, how much goes to annuity (40% mandatory), and the lump sum you receive.
8. PPF Calculator
Public Provident Fund returns at the current 7.1% rate. Enter yearly deposit and see year-by-year growth, maturity amount at 15 years, and tax-free interest earned. Remember: PPF has a ₹1.5L annual deposit ceiling.
9. HRA Exemption Calculator
Only applicable under the Old Regime. Enter basic salary, actual HRA received, and actual rent paid. The calculator shows the exempt HRA amount (minimum of the three standard HRA rules) and taxable portion.
10. Gratuity Calculator
Enter last drawn basic salary and years of service. Gratuity = (Last Basic × 15 × Years) / 26. The calculator also shows the tax-exempt limit (₹20L for non-government employees) and any taxable surplus.