Source: www.taxguru.

in

INSERT INPUTS IN THIS SHEET

Amount ### Actual
Interest
16 % p.a.
Period
5 years
EMI
7262 per month
Paymen 7295 per month

Go to the EMI Schedule

Source: www.taxguru.in

Source: www.taxguru.in

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

Opening Balance
300,000.00
296,704.58
293,365.23
289,981.35
286,552.35
283,077.63
279,556.58
275,988.58
272,373.01
268,709.24
264,996.61
261,234.48
257,422.19
253,559.07
249,644.44
245,677.61
241,657.90
237,584.59
233,456.96
229,274.31
225,035.88
220,740.94
216,388.74
211,978.50
207,509.47
202,980.84
198,391.84
193,741.64
189,029.45
184,254.42
179,415.73
174,512.52
169,543.94
164,509.11
159,407.15
154,237.16
148,998.24
143,689.46
138,309.91
132,858.62
127,334.65
121,737.03
116,064.77
110,316.89
104,492.36
98,590.17
92,609.29
86,548.67
80,407.23
74,183.91
67,877.61

EMI
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42

Principal
3,295.42
3,339.36
3,383.88
3,429.00
3,474.72
3,521.05
3,568.00
3,615.57
3,663.78
3,712.63
3,762.13
3,812.29
3,863.12
3,914.63
3,966.82
4,019.72
4,073.31
4,127.62
4,182.66
4,238.43
4,294.94
4,352.20
4,410.23
4,469.04
4,528.62
4,589.01
4,650.19
4,712.20
4,775.02
4,838.69
4,903.21
4,968.58
5,034.83
5,101.96
5,169.99
5,238.92
5,308.77
5,379.56
5,451.29
5,523.97
5,597.62
5,672.26
5,747.89
5,824.53
5,902.19
5,980.88
6,060.63
6,141.43
6,223.32
6,306.30
6,390.38

Interest
4,000.00
3,956.06
3,911.54
3,866.42
3,820.70
3,774.37
3,727.42
3,679.85
3,631.64
3,582.79
3,533.29
3,483.13
3,432.30
3,380.79
3,328.59
3,275.70
3,222.11
3,167.79
3,112.76
3,056.99
3,000.48
2,943.21
2,885.18
2,826.38
2,766.79
2,706.41
2,645.22
2,583.22
2,520.39
2,456.73
2,392.21
2,326.83
2,260.59
2,193.45
2,125.43
2,056.50
1,986.64
1,915.86
1,844.13
1,771.45
1,697.80
1,623.16
1,547.53
1,470.89
1,393.23
1,314.54
1,234.79
1,153.98
1,072.10
989.12
905.03

52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105

61,487.23
55,011.64
48,449.71
41,800.29
35,062.21
28,234.29
21,315.33
14,304.12
7,199.42
(0.00)
(7,295.42)
(14,688.11)
(22,179.37)
(29,770.51)
(37,462.86)
(45,257.79)
(53,156.64)
(61,160.81)
(69,271.71)
(77,490.75)
(85,819.37)
(94,259.05)
(102,811.25)
(111,477.49)
(120,259.27)
(129,158.15)
(138,175.67)
(147,313.43)
(156,573.03)
(165,956.08)
(175,464.25)
(185,099.19)
(194,862.60)
(204,756.18)
(214,781.68)
(224,940.85)
(235,235.48)
(245,667.37)
(256,238.36)
(266,950.28)
(277,805.04)
(288,804.52)
(299,950.67)
(311,245.43)
(322,690.78)
(334,288.74)
(346,041.34)
(357,950.64)
(370,018.74)
(382,247.74)
(394,639.79)
(407,197.07)
(419,921.78)
(432,816.16)

7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42

6,475.59
6,561.93
6,649.42
6,738.08
6,827.92
6,918.96
7,011.21
7,104.70
7,199.42
7,295.42
7,392.69
7,491.26
7,591.14
7,692.36
7,794.92
7,898.85
8,004.17
8,110.89
8,219.04
8,328.63
8,439.68
8,552.20
8,666.23
8,781.78
8,898.87
9,017.53
9,137.76
9,259.60
9,383.06
9,508.16
9,634.94
9,763.41
9,893.59
10,025.50
10,159.17
10,294.63
10,431.89
10,570.98
10,711.93
10,854.75
10,999.48
11,146.14
11,294.76
11,445.36
11,597.96
11,752.60
11,909.30
12,068.09
12,229.00
12,392.05
12,557.28
12,724.71
12,894.37
13,066.30

819.83
733.49
646.00
557.34
467.50
376.46
284.20
190.72
95.99
(0.00)
(97.27)
(195.84)
(295.72)
(396.94)
(499.50)
(603.44)
(708.76)
(815.48)
(923.62)
(1,033.21)
(1,144.26)
(1,256.79)
(1,370.82)
(1,486.37)
(1,603.46)
(1,722.11)
(1,842.34)
(1,964.18)
(2,087.64)
(2,212.75)
(2,339.52)
(2,467.99)
(2,598.17)
(2,730.08)
(2,863.76)
(2,999.21)
(3,136.47)
(3,275.56)
(3,416.51)
(3,559.34)
(3,704.07)
(3,850.73)
(3,999.34)
(4,149.94)
(4,302.54)
(4,457.18)
(4,613.88)
(4,772.68)
(4,933.58)
(5,096.64)
(5,261.86)
(5,429.29)
(5,598.96)
(5,770.88)

106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120
120

(445,882.46)
(459,122.97)
(472,540.03)
(486,135.98)
(499,913.21)
(513,874.14)
(528,021.21)
(542,356.91)
(556,883.75)
(571,604.29)
(586,521.09)
(601,636.79)
(616,954.03)
(632,475.50)
(648,203.93)
(664,142.06)
-

7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42
7,295.42

13,240.52
13,417.06
13,595.95
13,777.23
13,960.93
14,147.07
14,335.70
14,526.84
14,720.53
14,916.81
15,115.70
15,317.24
15,521.47
15,728.42
15,938.14
-

(5,945.10)
(6,121.64)
(6,300.53)
(6,481.81)
(6,665.51)
(6,851.66)
(7,040.28)
(7,231.43)
(7,425.12)
(7,621.39)
(7,820.28)
(8,021.82)
(8,226.05)
(8,433.01)
(8,642.72)

BACK
Closing Balance
296,704.58
293,365.23
289,981.35
286,552.35
283,077.63
279,556.58
275,988.58
272,373.01
268,709.24
264,996.61
261,234.48
257,422.19
253,559.07
249,644.44
245,677.61
241,657.90
237,584.59
233,456.96
229,274.31
225,035.88
220,740.94
216,388.74
211,978.50
207,509.47
202,980.84
198,391.84
193,741.64
189,029.45
184,254.42
179,415.73
174,512.52
169,543.94
164,509.11
159,407.15
154,237.16
148,998.24
143,689.46
138,309.91
132,858.62
127,334.65
121,737.03
116,064.77
110,316.89
104,492.36
98,590.17
92,609.29
86,548.67
80,407.23
74,183.91
67,877.61
61,487.23

55,011.64
48,449.71
41,800.29
35,062.21
28,234.29
21,315.33
14,304.12
7,199.42
(0.00)
(7,295.42)
(14,688.11)
(22,179.37)
(29,770.51)
(37,462.86)
(45,257.79)
(53,156.64)
(61,160.81)
(69,271.71)
(77,490.75)
(85,819.37)
(94,259.05)
(102,811.25)
(111,477.49)
(120,259.27)
(129,158.15)
(138,175.67)
(147,313.43)
(156,573.03)
(165,956.08)
(175,464.25)
(185,099.19)
(194,862.60)
(204,756.18)
(214,781.68)
(224,940.85)
(235,235.48)
(245,667.37)
(256,238.36)
(266,950.28)
(277,805.04)
(288,804.52)
(299,950.67)
(311,245.43)
(322,690.78)
(334,288.74)
(346,041.34)
(357,950.64)
(370,018.74)
(382,247.74)
(394,639.79)
(407,197.07)
(419,921.78)
(432,816.16)
(445,882.46)

(459,122.97)
(472,540.03)
(486,135.98)
(499,913.21)
(513,874.14)
(528,021.21)
(542,356.91)
(556,883.75)
(571,604.29)
(586,521.09)
(601,636.79)
(616,954.03)
(632,475.50)
(648,203.93)
(664,142.06)

Table showing the Calculation of EMI

Principal

Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

100

10
8.7915887
4.6144926
3.2267187
2.5362583
2.1247045
1.8525838
1.6601184
1.5174164
1.4078686
1.3215074
1.2519877
1.1950783
1.1478481
1.1082027
1.0746051
1.0459019
1.0212105
0.9998437
0.9812589
0.9650216

11
8.8381659
4.6607838
3.2738717
2.5845523
2.1742423
1.9034079
1.7122436
1.5708426
1.4625861
1.3775001
1.3092349
1.2535553
1.2075274
1.1690542
1.1365969
1.1090004
1.0853806
1.0650496
1.0474639
1.0321884

11.5

12

12.5

13

13.5

14

14.5

8.8615054
4.6840315
3.2976006
2.6089009
2.1992607
1.9291156
1.7386461
1.5979374
1.4903660
1.4059544
1.3383504
1.2833166
1.2379177
1.2000554
1.1681898
1.1411650
1.1180963
1.0982952
1.0812181
1.0664296

8.8848789
4.7073472
3.3214310
2.6333835
2.2244448
1.9550193
1.7652733
1.6252841
1.5184233
1.4347095
1.3677879
1.3134191
1.2686662
1.2314295
1.2001681
1.1737251
1.1512155
1.1319504
1.1153857
1.1010861

8.9082863
4.7307308
3.3453626
2.6579999
2.2497938
1.9811179
1.7921238
1.6528809
1.5467551
1.4637617
1.3975429
1.3438573
1.2997661
1.2631683
1.2325221
1.2066698
1.1847258
1.1660009
1.1499508
1.1361405

8.9317276
4.7541823
3.3693952
2.6827496
2.2753073
2.0074105
1.8191963
1.6807255
1.5753588
1.4931074
1.4276108
1.3746252
1.3312103
1.2952636
1.2652422
1.2399878
1.2186144
1.2004325
1.1848980
1.1715757

8.9552027
4.7777015
3.3935287
2.7076323
2.3009846
2.0338962
1.8464893
1.7088160
1.6042314
1.5227429
1.4579868
1.4057172
1.3629917
1.3277068
1.2983185
1.2736680
1.2528688
1.2352313
1.2202115
1.2073747

8.9787118
4.8012883
3.4177630
2.7326476
2.3268251
2.0605739
1.8740012
1.7371501
1.6333701
1.5526644
1.4886661
1.4371271
1.3951032
1.3604896
1.3317414
1.3076992
1.2874762
1.2703831
1.2558760
1.2435208

9.0022546
4.8249428
3.4420977
2.7577953
2.3528281
2.0874427
1.9017304
1.7657257
1.6627719
1.5828679
1.5196438
1.4688490
1.4275376
1.3936034
1.3655009
1.3420701
1.3224243
1.3058741
1.2918765
1.2799978

15
9.0258312
4.8486648
3.4665329
2.7830748
2.3789930
2.1145013
1.9296755
1.7945405
1.6924337
1.6133496
1.5509150
1.5008768
1.4602875
1.4270397
1.3995871
1.3767696
1.3577004
1.3416908
1.3281980
1.3167896

15.5
9.0494416
4.8724542
3.4910681
2.8084859
2.4053191
2.1417488
1.9578347
1.8235923
1.7223525
1.6441054
1.5824745
1.5332043
1.4933456
1.4607899
1.4339903
1.4117867
1.3932925
1.3778195
1.3648260
1.3538807

16

16.5

17

17.5

18

9.0730858
4.8963111
3.5157033
2.8340281
2.4318057
2.1691841
1.9862064
1.8528786
1.7525251
1.6751312
1.6143173
1.5658253
1.5267045
1.4948454
1.4687007
1.4471103
1.4291882
1.4142471
1.4017463
1.3912559

9.0967637
4.9202351
3.5404383
2.8597010
2.4584521
2.1968059
2.0147889
1.8823971
1.7829483
1.7064230
1.6464382
1.5987336
1.5603569
1.5291977
1.5037086
1.4827297
1.4653758
1.4509606
1.4389450
1.4289006

9.1204752
4.9442264
3.5652728
2.8855042
2.4852576
2.2246131
2.0435805
1.9121454
1.8136188
1.7379765
1.6788321
1.6319229
1.5942953
1.5638383
1.5390043
1.5186341
1.5018434
1.4879473
1.4764085
1.4668005

9.1442204
4.9682848
3.5902066
2.9114374
2.5122214
2.2526046
2.0725794
1.9421210
1.8445334
1.7697876
1.7114937
1.6653870
1.6285124
1.5987586
1.5745782
1.5548129
1.5385795
1.5251950
1.5141238
1.5049419

9.1679993
4.9924102
3.6152396
2.9375000
2.5393427
2.2807791
2.1017838
1.9723214
1.8756888
1.8018520
1.7444179
1.6991195
1.6630009
1.6339503
1.6104210
1.5912557
1.5755729
1.5626914
1.5520782
1.5433115