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Kalkulation vs. Kalkül

While both Kalkulation and Kalkül stem from the concept of calculating, they are used in very different contexts. Kalkulation is an objective term used for financial mathematics, cost projections, and business estimates. In contrast, Kalkül refers to a strategic, deliberate, and often cold-hearted plan or hidden motive, though it can also refer to a mathematical calculus in highly scientific contexts.

Kalkulation

B2
The word Kalkulation refers to the mathematical or financial process of estimating costs, calculating prices, or projecting business expenses. It is an objective and neutral term used predominantly in business, economics, shopping, and project management.
Die Kalkulation der Baukosten war leider völlig falsch.
(The calculation of the building costs was unfortunately completely wrong.)
Wir müssen unsere Kalkulation für das nächste Quartal noch einmal überprüfen.
(We have to review our costing for the next quarter once again.)
Eine genaue Kalkulation ist für den Erfolg dieses Projekts unerlässlich.
(An accurate cost estimate is essential for the success of this project.)
Der Preis des neuen Produkts basiert auf einer strengen internen Kalkulation.
(The price of the new product is based on strict internal cost accounting.)
Seine Kalkulation berücksichtigte nicht die unerwarteten Lieferengpässe.
(His calculation did not take the unexpected supply bottlenecks into account.)
Bei der Kalkulation des Verkaufspreises müssen alle anfallenden Steuern beachtet werden.
(When calculating the selling price, all applicable taxes must be considered.)

Kalkül

C1
The word Kalkül describes a strategic, deliberate, and often self-serving plan or hidden motive meant to achieve a specific advantage. It is typically used to express that someone's actions are driven by tactical self-interest rather than emotion, and is often paired with adjectives like pure or cold.
Er hat ihr nicht aus Liebe geholfen, sondern aus reinem Kalkül.
(He did not help her out of love, but out of pure calculation.)
Hinter dieser überraschenden Entscheidung steckt ein tiefes politisches Kalkül.
(There is a deep political calculation behind this surprising decision.)
Sie zog die Warnungen der Experten sofort in ihr Kalkül mit ein.
(She immediately included the experts' warnings in her calculation.)
Es war kaltes Kalkül, das ihn schließlich an die Spitze der Firma brachte.
(It was cold calculation that eventually brought him to the top of the company.)
Das war kein unglückliches Versehen, sondern ein bewusstes strategisches Kalkül.
(That was no unfortunate mistake, but a deliberate strategic calculation.)
Sein taktisches Kalkül ging am Ende des Tages vollkommen auf.
(His tactical calculation worked out perfectly at the end of the day.)

Summary

To summarize, you should use Kalkulation when dealing with numbers, spreadsheets, and business costs. You should use Kalkül when talking about human motives, strategic maneuvers, or cold, tactical decisions.