Investing in mutual funds in a systematic manner, through SIP, is the best approach towards preventing the pitfalls of investments in equity without compromising on returns. SIP calculator enables you to calculate the returns you’re going to get by investing small amounts of money in SIP at regular intervals over a long time period.
Suppose you want to have ₹ 10 lakhs in 5 years. How much should you save and invest using SIP on a monthly basis from now until then? Use this calculator when you know how much money you need at a point in time, and would like to know what the SIP amount should be.
Usually, we often tend to delay investing even in absence of any strong reasons. And we do happily thinking that how a few months would not matter much. But the reality is that even small delays can make huge impact in your wealth in long-term. The secret to being Wealthy is not always making big decisions but also making small decisions like not delaying your SIP and it starting right away.
The Retirement Calculator is designed to help you calculate the corpus you need to accumulate by the time you retire and how much you need to save every month to secure yourself financially.
The future value calculator can be used to determine future value (FV) of your money, X no. of years from now. FV is simply what your current money is expected to be worth in the future.
Kindly consult your Income Tax advisor before further action
Compare the tax benefits you stand to gain under different income brackets by investing in Equity Linked Savings Schemes (ELSS).
|
Your Taxable Income |
Amount invested in ELSS under section 80C |
Tax before ELSS investment |
Tax after ELSS investment | Total Savings* | Tax Slab |
|---|---|---|---|---|---|
| 5,00,000 | 1,50,000 | 13,000 | 5,200 | 7,800 | 5% of Income exceeding Rs.2,50,000 and up to Rs.5,00,000 |
| 8,00,000 | 1,50,000 | 75,400 | 44,200 | 31,200 | 20% of Income exceeding Rs.5,00,000 and up to Rs.10,00,000 |
| 12,00,000 | 1,50,000 | 1,79,400 | 1,32,600 | 46,800 | 30% of Income exceeding Rs.10,00,000 |
| 15,00,000 | 1,50,000 | 2,73,000 | 2,26,200 | 46,800 | 30% of Income exceeding Rs.10,00,000 |
Tax payment is your responsibility towards your nation. Let's calculate how much tax will you pay on your income in the current financial year.
Kindly click on the below tab to calculate your Tax for the year