Credit Card Payoff Calculator
How long will this card balance really take to clear?
Simulated month by month: interest accrues on the reducing balance at your card's rate, plus 18% GST on that interest — a uniquely Indian cost most payoff calculators quietly skip. At a 42% APR, GST takes the true cost of carrying a balance to over 49% a year. The minimum-payment card assumes the common 5%-of-outstanding (floor ₹200) formula — watch how it stretches the debt for years while barely denting the principal.
Tax: there is no deduction of any kind for credit-card interest on personal spends — every rupee of interest and GST here is paid from post-tax income. At a 30% slab, ₹1 of card interest costs you ₹1.43 of salary. That's why clearing a card balance is the single highest guaranteed "return" available to most people — no investment reliably beats 49% post-tax.