Car Calculators India: EMI, IDV, Tax Savings and New vs Used
Calculate car EMI, total interest, insurance IDV, business-use depreciation and new-vs-used ownership cost in India. See formulas and assumptions.
Tax Savings
Depreciation under I.T. Act Section 32
Educational estimate only. Actual treatment may depend on block-of-assets rules, business use, ownership, tax regime, and CA review.
Monthly EMI
Reducing balance method estimate
Insurance Value
Indicative IDV based on standard depreciation
IDV is mainly relevant for theft, total loss and constructive total loss cover. It is not the same as normal resale value.
EMI
Used Car Loan EMI Calculator
Compare monthly EMI, total interest and repayment progress.
IDV
Car IDV Calculator
Estimate insured declared value from age-based depreciation.
Tax
Business Car Tax Depreciation Calculator
Estimate depreciation and tax savings for business use.
Scenario
New vs Used Car Calculator
Compare ownership cost on a dedicated crawlable page.
New vs Used
Compare ownership cost on a dedicated page
The full scenario calculator now lives on its own crawlable page so the directory stays clean and search-friendly.
New vs Used Car Calculatorarrow_forwardFrequently Asked Questions
How is car EMI calculated?
We use the reducing balance method. Monthly EMI depends on the car price, down payment, interest rate, and loan tenure. Actual terms vary by lender and credit profile.
What is IDV in car insurance?
IDV (Insured Declared Value) is the maximum sum assured fixed by the insurer at the time of policy. It decreases with vehicle age due to standard depreciation rates.
How can I save tax on a car?
Under I.T. Act Section 32, business owners can claim depreciation for cars used for business. Consult a CA before making any tax claims.
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