POST worked after removing keys generate local "AutoGeneratedId" and adding key ("ID") where ID is a unique key in the underlying table of the CalcView1 
. Also from XS admin (https://account.ondemand.com/sap/hana/xs/admin/), make sure that POST is selected as 'Allowed Methods' for the package where OData exist.
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Re: Calculation view exposed on OData with CUD operations
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