The electronic, magnetic and optical properties of the double perovskites Ca2NiOsO6 and Fe-doped derivative were calculated using the full potential linearized augmented plane wave technique through the GGA + U with PBE exchange correlation functionals. The calculations show that both of the systems are half-metallic with Fe-doped system as a ferromagnet, whereas the undoped system shows the ferrimagnetic ordering. Additionally, the study is extended for calculating the Mott parameters through dynamical mean field theory (DMFT) with the maximum entropy model (MEM). It is found that the MIT model parameters (U, [Formula: see text]) for Ca2NiOsO6 and Ca2Fe[Formula: see text]Ni[Formula: see text]OsO6 systems are (5.7[Formula: see text]eV, 6.0[Formula: see text](eV)[Formula: see text]) and (6.0[Formula: see text]eV, 6.0[Formula: see text](eV)[Formula: see text]), respectively. Furthermore, the calculations agree with optical Drude peak analysis. The optical conductivity, reflectivity, absorptivity, ELOSS function, dielectric function refractive index and sum-rule are also explored in relation to the photoinduced behaviors of the materials.