This work reports the modelling and numerical estimation of the photovoltaic parameters of perovskite solar cells (PSCs) containing formamidinium lead iodide (FAPbI3) and formamidinium tin iodide (FASnI3) in the form of light active materials using SCAPS 1D software. The analysis is done by introducing diverse hole and electron transport materials and back metal contacts to identify the most appropriate device configuration that can deliver optimum photovoltaic output. The optoelectronic properties and the absorption spectra of the two compounds are estimated by DFT calculation using WIEN2k, which incorporates density functional theory (DFT) principles and are provided as input to SCAPS 1D to improve the accuracy of modelling study. For FAPbI3 as absorber material, the configuration FTO/IGZO/FAPbI3/NiO/Au shows the highest photovoltaic parameter exhibiting a power conversion efficiency (PCE) and fill factor (FF) of 19.75 % and 74.29 % respectively. With FASnI3 as the absorber material, FTO/PCBM/FASnI3/P3HT/Au gives a PCE and FF of 21.6 % and 67.74 % respectively. The work also includes the analysis of influence of defect density at the interface layers and series and shunt resistance on performance of above-mentioned device architectures to identify their limitations under real experimental conditions. The influence of various attributes of perovskite on the performance of the device is examined to determine their optimum values.