Calculator Calculates Equated Instalments of Loan. Equated Instalments may be Yearly, Half Yearly, Quarterly, Monthly (EMI) etc. Result of calculations is shown in tabular form. The Interest and Loan component included in each Equated Instalment is also shown in calculations. This will help consumers who have taken Housing loan to know the amount of deductions available under Section 24 (Maximum limit Rs 2 Lacs) and 80C (Limit raised to Rs 150000/- during Financial Year 2014-2015) of Income Tax Act. Equated Instalment of any type of loan can be easily calculated by entering Loan amount, Interest Rate, Period and frequency of instalment.
