Frequently Asked Questions - Calculator FAQ
Find answers to common questions about using our calculators for EMI, loan, BMI, tax, savings, and other calculations.
🔍 Quick Navigation
EMI Calculator FAQ
How accurate are the EMI calculations?
Our EMI calculator uses the standard EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] and provides highly accurate results. The calculations are based on the principal amount, interest rate, and tenure you input.
What factors affect EMI calculation?
Three main factors affect EMI calculation:
- Principal Amount: Higher loan amount increases EMI
- Interest Rate: Higher rates result in higher EMI
- Tenure: Longer tenure reduces EMI but increases total interest
Can I use the EMI calculator for all types of loans?
Yes, our EMI calculator works for home loans, car loans, personal loans, and any other loan with fixed interest rates. Simply input the loan amount, interest rate, and tenure.
Loan Calculator FAQ
What is the difference between EMI and loan calculators?
EMI calculator focuses on monthly installment calculations, while our loan calculator provides comprehensive analysis including total interest, amortization schedule, and helps compare different loan scenarios.
How do I choose the best loan tenure?
Consider these factors:
- Shorter tenure: Higher EMI but lower total interest
- Longer tenure: Lower EMI but higher total interest
- Your income: EMI should not exceed 40-50% of monthly income
BMI Calculator FAQ
How often should I calculate my BMI?
It's recommended to calculate your BMI monthly or whenever there are significant changes in your weight. BMI is a useful indicator of overall health status and helps track fitness progress.
Is BMI accurate for everyone?
BMI is a general indicator but may not be accurate for:
- Athletes with high muscle mass
- Elderly people with reduced muscle mass
- Children and adolescents (use age-specific BMI charts)
- Pregnant women
What BMI range is considered healthy?
According to WHO standards:
- Underweight: BMI < 18.5
- Normal weight: BMI 18.5 - 24.9
- Overweight: BMI 25 - 29.9
- Obese: BMI ≥ 30
Tax Calculator FAQ
Which tax regime should I choose?
Compare both regimes using our tax calculator:
- Old regime: Higher tax rates but allows deductions
- New regime: Lower tax rates but limited deductions
Choose based on your deduction eligibility and total tax liability.
What deductions can I claim under Section 80C?
Common Section 80C deductions (up to ₹1.5 lakh):
- EPF contributions
- PPF investments
- ELSS mutual funds
- Life insurance premiums
- Home loan principal repayment
- NSC, FD (5 years), etc.
Savings & Investment FAQ
How much should I save for retirement?
Financial experts recommend:
- Save 10-15% of your income for retirement
- Aim for 25-30 times your annual expenses as retirement corpus
- Start early to benefit from compounding
- Use our retirement calculator to plan your goals
What is the power of compounding?
Compounding means earning returns on your returns. For example, ₹1,000 invested at 10% annual return becomes:
- Year 1: ₹1,100
- Year 10: ₹2,594
- Year 20: ₹6,727
- Year 30: ₹17,449
General Calculator FAQ
Are the calculators free to use?
Yes, all our calculators are completely free to use. There are no hidden charges, registration requirements, or usage limits.
Do you store my calculation data?
No, we don't store any of your personal calculation data. All calculations are performed locally in your browser for privacy and security.
Can I use the calculators on mobile devices?
Yes, all our calculators are fully responsive and work perfectly on smartphones, tablets, and desktop computers.
How can I export calculation results?
Many of our calculators offer CSV export functionality. Look for the "Export CSV" button after calculating results to download detailed reports.