Monthly Budget Calculator India — FY 2025-26
Allocate your monthly in-hand salary using the 50/30/20 rule adapted for India. See city-specific breakdowns for rent, groceries, utilities, and insurance. Track your actual savings rate against the 20% target and get a comprehensive financial health score with specific improvement actions.
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How to Use This Calculator
50/30/20 Budget tab
Enter your monthly in-hand salary and city type. The calculator allocates your income using the 50/30/20 rule with India-specific line items: rent, groceries, utilities, insurance, transport, domestic help under needs; dining, entertainment, shopping under wants; and SIP, PPF, emergency fund under savings. If you have active EMIs, toggle that option to see how loan repayments affect your budget.
Savings Tracker tab
Enter your actual monthly expenses across all categories. The calculator computes your real savings rate, compares it against the 20% target, and gives you specific, actionable suggestions to close the gap. See exactly where your money goes and identify the biggest opportunities to save more.
Financial Health Score tab
Enter your income, EMIs, insurance status, emergency fund, and investments. The calculator scores your financial health from 0 to 100 across five dimensions: savings rate, emergency fund coverage, insurance, debt-to-income ratio, and investment allocation. Each dimension shows a score with specific improvement actions.
Share your result
Every input is encoded in the URL. Click Share to send your exact budget scenario to a friend, spouse, or financial advisor, or save it for later comparison.
The 50/30/20 Rule
The 50/30/20 rule is a simple budgeting framework popularised by US Senator Elizabeth Warren. It divides your after-tax (in-hand) income into three categories:
Rent / housing, groceries, utilities, insurance premiums, transport, domestic help, school fees, EMI repayments
30% — Wants (discretionary spending)
Dining out, entertainment, shopping, travel, subscriptions (OTT, gym, magazines)
20% — Savings & Investments
SIP in mutual funds, PPF contributions, emergency fund, NPS, EMI prepayment, RD
India-Specific Adjustments:
• In metros (Mumbai, Bangalore), housing alone can consume 35-45% of income. Adjust wants downward to compensate.
• Those living with family can push savings to 30-40% since housing costs are shared.
• Insurance (term life + health) is a need, not a want. Budget ₹1,500-₹3,000/month for adequate coverage.
• Domestic help (cook, maid) is an India-specific fixed expense: ₹3,000-₹10,000/month in metros.
The 50/30/20 split is a starting guideline, not a rigid rule. The key principle: pay yourself first by automating the 20% savings on salary day via SIP standing instructions before spending on wants.
Example
Arjun — Bangalore software engineer, ₹75,000/month in-hand
Arjun is 27, works at a startup in Bangalore. His CTC is ₹12 LPA, and after PF and TDS, his in-hand salary is ₹75,000/month. He lives in a rented 1BHK and has no car loan.
Step 1: Apply 50/30/20 split
Step 2: Needs breakdown (metro Bangalore)
Step 3: Savings allocation
Arjun saves ₹15,000/month (20%). His SIP of ₹7,500/month at 12% CAGR will grow to ₹17.4 lakh in 10 years. His PPF will build a tax-free corpus. In 12 months, his emergency fund reaches ₹36,000 — close to 1 month of expenses, building towards the 6-month target of ₹2.25 lakh.