The post Online Cancellation of Counter Ticket on IRCTC website appeared first on How to Calculate.
]]>IRCTC has introduced a new feature for online cancellation of Railway tickets booked through reservation counter at various railway station . The tickets booked at Railway Reservation Countersor PRS are called counter tickets. Earlier these tickets are cancelled at reservations counters only, but now you can cancel these ticket online at IRCTC website. See the Below link on the website tabs.
This is an important facility given by Indian Railway, because of heavy rush at reservation counters the timely cancellation of tickets to get the required refund was sometimes not possible. Now you can easily cancel your ticket at irctc online web portal to claim the refunds. However there is no possibility to get refund digitally, one can get the refund in cash at the counter only.
The detail Procedure of counter ticket cancellation is given below. It is important to note that a valid mobile number must be there at the time of booking ticket at reservation counter because during online cancellation a OTP will be sent to same number for verification purpose.
Online cancellation of counter ticket is allowed:
“Your PNR xxxxxxxxxx has been cancelled. Collect refund amt xxxxx
from journey commencing station or nearby
satellite PRS locations. Ref. Terms & conditions”
Step5. Collect the refunded amount at journey commencing station of nearby satellite PRS location by submitting the original counter ticket. PRS is Passenger Reservation System or the reservation counters from where railway tickets are booked.
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]]>The post Flight Ticket Cancellation Charges appeared first on How to Calculate.
]]>Many a times we wanted to know the cancellation charges of Flight tickets while booking much before the travel dates. We know that the Pre-planning of itinerary and its cost is a difficult task. The major portion of total tour cost is the travel cost and If the travel is through flights than cost increases much higher. Therefore knowing the flight ticket cancellation charges in advance will help in proper planning the itinerary. An online calculator for flight cancellation charges is also made for convenience.
Different flight booking websites (e.g yatra.com, makemytrip.com, cleartrip.com, goibibo.com) have different rules and cancellation and Refund policy. Similarly cancellation charges of domestic flights differ from that of International flights. You will come to know the exact cancellation charges and refund rules at the time of booking of your flight. Here i am bringing out the cancellation charges for flight ticket of almost all major e-portal websites and Airlines websites. It is worth to note that cancellation charges of domestic and International flights have been revised from 1st April 2016.
Also Read: IRCTC Cancellation Charges.
The cancellation charges for any flight depend upon the refund rules of both Airlines company as well as the travel websites from where it is booked. The Airlines company will charges Airline Fee where as Travel websites will charge the Convenience Fee while canceling the flight ticket. These charges are applicable per sector per person.
Total Cancellation Charges = Airline Fee +Convenience Fee
Airline companies charges a minimum cancellation fee for canceling your booked flight ticket, this is termed as Airline fee. The Airline fee depend upon the time of cancellation before schedule departure of flight. Generally it is 2 hours before schedule departure for domestic flights and 4 hours before schedule departure for International flights. However airlines fee may vary as per company rules and regulation (AirIndia allow cancellation till 1 hour of scheduled departure). The Airline fee for most of the flights operating in India are given in table. The ticket cancelled after the prescribed time of cancellation are levied with No show Charges.
No show Charges: Airline company will charge the full amount of ticket and only Taxes are refundable.
Domestic Flights | |
Time of Cancellation | Airline fee (Indicative) |
Upto 2 hours before scheduled departure | Rs. 2250 per passenger per sector |
Zero to 2 hours before scheduled departure | No Show Charges |
International Flights | |
Time of Cancellation | Airline fee (Indicative) |
Upto 4 hours before scheduled departure | Rs. 2500 per passenger per sector |
Zero to 4 hours before scheduled departure | No Show Charges |
The convenience fee is charged by the travel websites while booking of flights. These charges are not applicable when the booking is made by the Airline self hosted websites. The convenience fees are Non-Refundable in case of cancellation of ticket, therefore it added cost of cancellation. The convenience fee for various Tour & Travel websites operating in India are also shown in table.
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]]>The post How SIP Calculator Calculates Return on Mutual Fund Investment appeared first on How to Calculate.
]]>Systematic Investment Plan (SIP) is a smartest mode of Investment in Mutual Funds. An Investment through SIP gives definite good returns in longer run. Some people merely see the appreciated value of NAV and think they earn good return. However the SIP returns are calculated differently because of periodic investment involved. It is always recommended to use genuine SIP calculator to find return on your investment. Here i will describe with detail formulation how the return is calculated in a SIP investment. Also provided with an online SIP Return Calculator in which return on any mutual fund can be calculated.
In SIP, every month a fixed sum of money is invested in a particular mutual fund as per our choice. Now, every month some units of mutual fund is purchased depending upon the Net Asset Value (NAV) on that date. As Market grows the NAV also increases similarly as market sinks the NAV decreases, during total period of investment the mutual fund units are purchases at various NAV. At the end of investment period the units are sold at higher value of NAV, which is also called as Redemption value.
Total Fund value = NAV x Nos of Units + Dividend
SIP investment is periodic and fixed, whereas Return varies depending upon the market conditions. Also the return on invested amount in one month is reinvested for next month i.e the return in SIP investment is compounded. If any dividend is paid in during investment period then it is added to Return on investment.
Now let us suppose the SIP of Rs ‘P’ is started for a period of ‘n’ months.
Let us assume the average return for one month investment is ‘r’
Now every month’s investment will grow and will give a some return at the end of months. The below table will give the formula for the every months investments.
After completion of month the total fund value will be equals to the sum of values in column of above table. i.e
Reversing the order of above series will give a geometric progression.
Taking common factor out.
Since formula for sum of Geometric Progression is: , where a is common ratio.
The total Fund value of SIP investment will be,
……………..(1)
Where as the actual Fund value after period is
………………(2)
Now Equating both the equations
From the above equation we come to conclusion that there will be no direct equation to calculate the rate of return of SIP investment. The actual Rate of Return will be the arrived by trial and error, changing the value of ‘‘ to make LHS=RHS. The below SIP Calculator is based on the above calculations. Here the Rate of return is varied using a slider to make LHS=RHS.
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]]>The post Save More With Reliance Jio Prime Membership appeared first on How to Calculate.
]]>Reliance Jio Prime membership is another bonanza in continuation with the ‘Happy New Year offers’ announced by the Mr. Mukesh Ambani on 21st February 2017. Happy New Year offers which is basically a bountiful of free services like free voice, data, video call, SMS and Jio apps, and that too at 4G speed, is going to end on 31st March 2017. Indian masses never ever had enjoyed the free service like this before, also the free of cost feel for high speed internet has raised the momentum for increased subscription for the Reliance Jio 4G.
Reliance celebrated the 100 million users base and launched the Jio Prime Membership Plan for its Existing users. It is also called as Rs.99 offers, because of one time registration fee of Rs.99 for one year. Since Jio free services are ending on 31st March, the Jio Prime subscription having all same benefits as that of Happy New Offers will start from 1st April 2017 and will be active for next one year, after doing the registration. The detail tariffs, plans & benefits of the Jio Prime subscription are as follows.
Rs 99 is to be paid for registration for Prime member subscription. Registration starts after 1st March 2017 and ends on 31st March 2017. (only for existing users)
Rs 303 (Rs 10 per day for 4G data usage and other services)
1. Daily 1GB 4G Data, After utilizing 1GB in a day the speed will reduce from 4G to 128kbps for rest of the day.
2. Daily 1GB 4G Wi-Fi Data At Rs 10
3. Unlimited Voice Calls And Unlimited SMS (100 SMS) Daily
4. Unlimited Usage Of Jio Videos, Movies, Apps Subscription For 1 GB Daily 4G Data
5. Unlimited data usage between 2 am to 5 am.
6. Jio premium apps free for 1 year.
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]]>The post Income Tax Slab FY 2017-18 (AY 2017-18) New Rates Announced in Budget 2017 appeared first on How to Calculate.
]]>Finance Minister has announced some major changes in the Tax Rates for the lower-income group people in the Budget session held in February 01, 2017. He proposed to reduce the income tax rate from 10% to 5% in the lowest Income Tax Slab of 2,50,000 – 5,00,000. However he made no changes in the tax rates for higher income of more than 5 Lakhs. See tables below for various Income tax slab for Financial Year 2017-18.
Since the tax rates are halved [10% to 5%] for lowest tax bracket therefore it is clear that the government has a bonanza for people with less than 5 lakhs income. Moreover to reduce redundancy government has reduced Rebate u/s 87A to 2500 (from the existing 5000). Rs 5000 Rebate was applicable for Individual with total income less than 5 lakhs, whereas now the Rebate is 2500 applicable for individual with total income less than 3.5 lakhs. The total income of Individual is gross income minus any deduction u/s 80C to u/s 80U Now let us understand how does these changes will affect the tax liability of common people. For this, four examples of different income group are given with comparison of Income Tax payable in Financial Year 2016-17 and FY 2017-18.
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]]>The post How to Calculate Body Fat appeared first on How to Calculate.
]]>Essentially, your weight can be distributed into two main categories. Lean muscle and body fat. The lean muscle part of your body weight is the one that helps you perform daily exercises as well as other body intensive tasks, the body fat part on the other hand is responsible for other important functions such as it provide the necessary excess energy to your body in times of need. For a healthier body there should be proper balance between lean muscle and body fat.
There are several ways in which you can calculate the amount of body fat that you possess. Primarily we use Body Mass Index (BMI) value to find whether a person is Under weight, Obese or Severely Obese. Refer BMI chart for more detail. However to calculate the actual fat in the body we need a body fat calculator which is based on the important dimensions of our body parts.
A simple way to find the body fat percentage value is to measure your essential body dimensions such as Height of the body and the circumference of Neck, body waist & Hip (especially for women) and calculate the body fat value. Use our simple Online Calculator to Find Your Body Fat Value.
The Formula used are
Body fat calculator formula for men:
Body fat calculator formula for women:
Note:-All measurements are in centimeters
These two methods give a rough value of the body fat that you have. After calculating your body fat you can choose to multiply it by your total weight in order to find your actual body fat weight.
In case you want a more accurate measurement of your body fat, you can always visit a doctor who has the necessary equipment such as skin calipers or bioelectrical impedance monitors which can give an accurate measurement of your body fat.
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]]>The post Online Body Fat Calculator appeared first on How to Calculate.
]]>Calculate your Body Fat Percentage, get this calculator for your website, copy code given below.
To understand how to calculate Body Fat Calculator click on the link
Also see Online BMI calculator click on the link
Copy below code
<iframe src="https://how-to-calculate.com/onlinecalculators/free-body-fat-calculator/" width="800" height="400">
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]]>The post How Does CRR and Repo Rate Affect The EMI For Housing And Car Loans appeared first on How to Calculate.
]]>Whether you are planning to purchase a new car or a home the first thing that you look for is your budget. You might have saved a good amount but seeking the high prices of the assets availing loan has become unavoidable these days. The fluctuating rate of interest on Home loan or Car loan is another concern as it decides how much money you will end up paying to the Bank. Every now and then the Financial news broadcast on the change of CRR & Repo Rate and how it may affect the EMI of your loan.
However, for a layman, these terms comes as a code which is hard to crack. If you too are seeking housing or car loan and are confused about how the RBI guidelines regarding CRR and Repo Rate change affects your affordability, here is everything you should know about How do CRR and Repo rate affect the EMI for housing and car loans:
To proceed further first we need to understand what does the terms CRR & Repo Rate defines:
CRR is an abbreviation used for Cash Reserve Ratio. It is the amount of total cash every commercial bank has to maintain as reserve. Bank cannot lend this money to anybody also cannot earn interests or profit on it. It is expressed as percentage of total deposits of bank. The central bank of the country has the power to set any changes on Cash Reserve Ratio. In India RBI regulate CRR for every commercial bank.
Repo Rate also known as RR is that specific rate at which any commercial bank borrows money from the central bank in case of shortage of cash. Bank take loan from central bank. This loan is generally rendered for a short period by the RBI. If the repo rate increases the cost of borrowing of the bank increases and hence cringe their profits.
The bank sets the interest rate on the housing and car loans accordingly to their lending power. Now, each bank has a targeted profit to earn every year. When the CRR & RR are increased by the Central Bank (Reserve Bank of India in the case of India) the banks have lesser funds (liquidity) available to lend. Hence the bank has to raise the interest rates to attain its yearly profit.
Let us understand it with an example:
Let us assume a bank ABC Pvt. Ltd. has a target to earn 20 crores of profit in a financial year.
Now Condition 1: The current CRR is 4% and RR is 8%.
Suppose the total money deposited in ABC Pvt. Ltd bank by public = 100 crore
ABC Pvt. Ltd bank gets long term loan from Central Bank= 100 crore
Total Cash set aside as reserve by the ABC Bank as per CRR = 4 crore
Interest rate paid by the bank on borrowing of 100 crores = 100 crores *8% = 8 crore
Total funds with the bank | 100+100 = 200 Crore (A) |
When CRR is 4% (amount to be maintained as reserve in cash) | 4 crore (B) |
When Repo Rate is 8 percent ( the interest paid to Central Bank) | 8 crore (C ) |
Money left with the Bank | A-B-C= 188 Crore |
The total money available with ABC bank is 188 crore.
Now Condition 2: Central bank increases CRR & RR. The CRR is 8% and RR is 20%.:
Suppose the total money deposited in ABC Pvt. Ltd bank by public = 100 crore
ABC Pvt. Ltd bank gets long term loan from Central Bank= 100 crore
Total Cash set aside as reserve by the ABC Bank as per CRR = 8 crore
Interest rate paid by the bank on borrowing of 100 crores = 100 crores *20% =20 crore
Total funds with the bank | 100+100=200 Crore (A) |
When CRR is 5% (amount to be maintained as reserve in cash) | 8 crore (B) |
When Repo Rate is 20 percent ( the interest paid to Central Bank) | 20 crore (C ) |
Money left with the Bank | A-B-C=172 Crore |
The total money available with ABC bank is 172 crore.
D
While in the first condition the Bank has a greater pool of cash to lend further, while in the second condition the pool has reduced significantly. However, the yearly target of the bank remains the same.
Bank earns profits by lending money to the public on an interest rate basis. Now for both the conditions the bank has to make a profit of 20 crore at the end of financial year.
Now, let us see in both conditions how the ABC bank will make profit of 20 crore.
Condition 1 | Condition 2 | |
Total fund raised by ABC bank | 200 cr. | 200 cr. |
Cash available with bank for lending | 188 cr. | 172 cr. |
Profit of ABC bank | 20 cr. | 20 cr. |
Lending rates to earn that profit | 20/188= 10.63% | 20/172= 11.62% |
From the above table we can see that ABC Pvt. Ltd Bank raises Lending rates or Interest rates on loan from 10.63 % to 11.62% from condition 1 to condition 2. It means when CRR or RR increases the commercial banks raises its Interests rates for loan to maintain their profit. Now let us see what will be the affect on your EMIs for 1% Increase in Interest rates. The below table will help you to understand this. You can also use the online EMI calculator to find the difference in EMIs by interest rates change.
Home Loan | Car Loan | |||
Condition 1 | Condition 2 | Condition 1 | Condition 2 | |
Loan Amount | 30 lakhs | 30 lakhs | 10 lakhs | 10 lakhs |
Tenure | 25 years | 25 years | 15 years | 15 years |
Interests rates | 9.5 | 10.5 | 11.5 | 12.5 |
EMI | 26210.9 | 28325.45 | 11681.90 | 12325.22 |
Difference in EMIs by Increase in 1% Interests rates | Rs. 2114.55 /month | Rs. 943.32 / month |
Hence, higher the CRR & Repo Rate, higher the interest rate & higher the EMI that you have to pay against your home loan or car loan as applicable.
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]]>The post How to calculate Ideal Body weight appeared first on How to Calculate.
]]>Weight has always been a factor that defines how healthy one is. Every person has at least once in life wondered, ‘What can be my ideal weight?’ or ‘What should be the exact weight that I should be sticking to?’ Calculating the right weight that one must possess is essential. But, the question remains; How to calculate Ideal Body Weight?
There are several websites out there on the internet which suggest different ways for calculating the ideal body weight of a person. While some of these websites use a weighted average method to calculate the ideal weight, some calculations lean more towards the scientific approach for calculating the perfect weight for a person by means of using body fat percentage in the calculations as a primary variable. Apart from actually calculating the correct weight of a person, there are several weight charts that are available on the internet which perform all the necessary calculations and present a weight directly proportional to the height of a person.
Here are some of the common methods of calculating the ideal weight of a person.
This method is fairly simple and holds only one variable in the account to give you the value of the ideal weight of your body. To use this method, you must know your exact height in terms of centimeters (cm). Once you have measured your height, you just simply can subtract a value of 101 (for males) and 105 (for females) to find the ideal weight in terms of kilograms.
Another method of weight measurement includes adding weight for a case where your height exceeds 5 feet. Notice that, this method can only be used to calculate your weight in case your height is more than 5 feet. This is not a suitable formula for you to calculate your ideal body weight in case your height is less than 5 feet.
For males: IBW (in kg)
50 kg + 2.3 kg for each inch your height is more than 5 feet.
For females: IBW (in kg)
45.5 kg + 2.3 kg for each inch your height is more than 5 feet.
This means that if you are a male and your height is, for example, 5 feet 6 inches, your ideal body weight should be around 50 + 6*2.3 = 63.8 kg.
Under the situation that your weight is 30% more than the calculated IBW, you can use this formula to find the Adjusted Body Weight (ABW).
ABW = IBW + (0.4)*(Actual Body Weight – IBW)
For example, if you are a female with a weight of 80 kg and a height of 5 feet 4 inches, these are the calculations you can use,
IBW = 45.5 + 2.3*4 = 54.7 kg
Actual Body Weight = 80 kg (as mentioned)
ABW = 54.7 + (0.4)*(80-54.7) = 64.8 kg.
ABW is often used for calculation of obese people and to calculate the amount of medication required by them under normal circumstances.
Hence, these are the simplest and nearly accurate methods available for a person to calculate his/her ideal body weight.
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]]>The post How to calculate BMR appeared first on How to Calculate.
]]>Let’s talk about how to calculate BMR easily? The acronym “BMR” stands for Basal Metabolic Rate. BMR is a term that is commonly affiliated with medicine in the day to day life. According to the definition, Basal Metabolic rate is the amount of energy needed by you in a resting state, in a temperate environment during the post-absorptive state when your digestive system is inactive. In simpler words, BMR is the calculation of the amount of energy required by your body early morning, when you have not eaten anything for the past few hours and you are resting. BMR is also the calculation of the energy required by all your vital organs which include the heart, lungs, kidneys, the nervous system, intestines, liver, lungs, sex organs, muscles, and skin. As per Medical experts BMR usually decreases with age and increases with muscle mass.
Measuring the BMR can be a challenge under the condition when you are awake, hence there is no possible way in which the BMR can be measured accurately. However, there are certain values that give a close to an accurate value of your BMR easily.
The following steps will allow you to measure your BMR quite accurately and easily.
Step 1: Stand against a wall and mark your height in order to measure it. Measure your body height in centimeters if possible. If you know your height in inches, you can multiply it by 2.54 in order to convert it into centimeters. Step 2: Measure your weight using an accurate weigh scale. Preferably in kilograms. You can multiply your weight by 0.454 in order to convert it from pounds to kilograms if necessary. Step 3: Use the BMR formula or equation. To calculate BMR for males and females, the BMR formula varies slightly.BMR = 66 + (13.8 x weight in kg.) + (5 x height in cm) – (6.8 x age in years)
BMR = 655 + (9.6 x weight in kg.) + (1.8 x height in cm) – (4.7 x age in years).
In case you know your body fat value or percentage. You can use an alternate formula to calculate the BMR. The alternate formula to calculate your BMR is given as:
BMR = 370 + (21.6 x lean body mass in kg)
where, Lean body mass refers to the total mass of your body minus the body fat.
The BMR which is calculated by these formula or equations gives a value in kcals (kilo calories) per day.
As the name suggest it is the amount of total energy in the form of calories you burn in a day. It is useful to know how much calorie you should intake in the form of food to meet your daily routine.
Once, you have calculated your BMR, you can easily convert it into your Total Daily Energy Expenditure (TDEE). The way to do so is to multiply your BMR value by a multiplying factor depending upon the amount of activity that you perform on a daily basis.
The Multiplying factor is given in Table below:
TDEE= BMR x Multiplying Factor
Calculating BMR is important to find out how much physical intervention you need to keep your body fit and in a perfect shape. Hope this post helps you in calculating BMR accurately and enlighten you for your better health.
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