Model tax on fixed-deposit interest using your slab assumptions and compare post-tax outcomes before locking tenure.
FD Tax Calculator
Estimate interest earned on your FD and TDS applicable. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Calculate FD Tax / TDS
TDS on FD interest
TDS = 10% on (Interest − Threshold). Threshold: ₹40,000 (₹50,000 for seniors).
Banks deduct TDS when interest credited in a financial year exceeds the threshold. Your total tax depends on income slab.
FAQs
Key Terms
- Taxable interest
- FD interest taxable under Income from Other Sources in India.
- Post-tax return
- Net return after reducing estimated tax from gross interest.
- Effective yield
- Actual return after tax impact, useful for comparing options.
Benefits of This Calculator
- Quickly compare tenure and rate combinations before locking deposits.
- Understand maturity, principal, and interest split through chart-style outputs.
- Use formula and FAQ context to validate bank app numbers confidently.