While making any investments or availing any loans, you either have to pay some interest amount or you receive interest on the investment. Calculating the amount that you have to pay or will receive after a certain period of time is essential for planning your finances. For this purpose, you can use our easy to use simple interest calculator.
Interest is a fee charged on money that has been loaned, borrowed, or invested. Simple interest is a type of interest calculation that does not take into consideration numerous periods of interest payments or charges. In other words, the interest rate will only apply to the loan or investment's principal amount, it will not be modified by any interest that has accrued.
A basic interest calculator is a handy tool for calculating interest on loans and savings accounts without compounding. On a daily, monthly, or yearly basis, you can calculate simple interest on the principal amount.
Our Simple Savings Calculator can help you estimate the growth of your investment fast and accurately. You'll need the following information to use this calculator:
Principal Amount (P): This is the initial amount of your investment that you have contributed. Whether you have 10,000 or 1,00,000, your principal amount is very critical.
Annual interest (R): Use our rate tables to estimate the rate of return on your investment. Enter the interest rate if you already know how much you'll be earning.
Number of years (T): This is the number of years you are planning to deposit your principal amount or opting any loans for. Now that you know what the terms mean, here is what you need to do to use our calculator:
Our Simple Interest Calculator will show you how much you've earned in simple interest on your deposit.
With this simple interest calculator, you can figure out how much interest you need to pay on the loans you acquired and how much you need to save each month to hit the mark. You can also calculate how much interest money you will receive on your deposits in seconds.
Anyone can use this calculator as it is free to use and requires no documents or personal details.
Tax2win calculator is very easy and safe to use. You can use this calculator from your handheld device or PC from the comfort of your home. In addition, it does not require you to enter any personal information, making it safe and secure.
No, the interest rate and the principal amount remains unchanged.
Users can determine the interest rate on the principal amount of the policies or loans that they have availed on simple interest.
Estimating your taxes before you file your tax return is an essential part of tax planning.
ITR that stands for Income Tax Return is a form that an assessee is supposed to submit to the Income Tax Department of India.
Tax2win has done in-depth research on various aspects of TDS so you can save taxes and plan your finances very well.
This free HRA calculator is updated for the year 2017 and 2018. You can now claim upto Rs. 60,000 deduction under Section 80GG even if you do not receive HRA.
Avoid the last minute hassle of arranging your rent receipts for claiming HRA exemption. Use our free rent receipt generator and save taxes.
Have you also been stuck between the choice of a more beneficial tax regime?? Relax!! We have made it easier for you.
Leave encashment is a component of salary that is received on conversion of unavailed leaves into cash.
Lower your tax liability through tax exemptions. Section 80C allows you to be eligible for tax deduction upto Rs.1.5 lakh per year.
All types of properties are taxed under the head 'income from house property' in the income tax return.
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