Question 1

What is an Amex EMI Calculator?

Accepted Answer

An Amex EMI Calculator is a free online tool that helps American Express credit card holders calculate their monthly EMI, total interest payable, processing fees and the overall repayment amount for any purchase converted to EMI.

Question 2

What interest rate does American Express charge on EMI?

Accepted Answer

American Express typically charges an interest rate ranging from 12% to 24% per annum on credit card EMI conversions, depending on the tenure selected (3, 6, 9, 12, 18 or 24 months) and the cardholder's profile.

Question 3

Is no-cost EMI available on Amex credit cards?

Accepted Answer

Yes, American Express offers no-cost EMI on select partner merchants and products. In no-cost EMI, the interest amount is discounted upfront from the purchase price, making the effective cost of borrowing zero for the customer.

Question 4

What is CTC and how is it different from in-hand salary?

Accepted Answer

CTC (Cost to Company) is the total annual expenditure a company incurs for an employee, including basic salary, HRA, PF contributions, gratuity, insurance and other benefits. In-hand or take-home salary is the net amount credited to the employee's bank account after deducting PF, professional tax, income tax (TDS) and other statutory deductions.

Question 5

How do I calculate in-hand salary from CTC?

Accepted Answer

To calculate in-hand salary from CTC: (1) Start with Gross Salary = CTC minus employer PF and gratuity. (2) Deduct employee PF (12% of basic), professional tax and income tax (TDS) from Gross Salary. (3) The resulting amount is your monthly in-hand salary. Use our free CTC to In-Hand Salary Calculator for an instant, accurate result.

Question 6

How is IPO GMP calculated?

Accepted Answer

IPO Grey Market Premium (GMP) is the price at which IPO shares are traded unofficially before listing. GMP is calculated as: Expected Listing Price = IPO Issue Price + GMP. The GMP percentage = (GMP / Issue Price) × 100. Our IPO GMP Calculator gives you the expected listing gain based on current grey market data.

Question 7

What is STCG and LTCG tax on equity in India?

Accepted Answer

As per the Union Budget 2024, Short Term Capital Gains (STCG) on equity and equity mutual funds (held less than 12 months) is taxed at 20%. Long Term Capital Gains (LTCG) on equity (held more than 12 months) exceeding ₹1.25 lakh is taxed at 12.5% without indexation benefit.

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