Yes, FD interest is taxable as per your income tax slab.
Fixed deposit return calculator
Calculate FD maturity amount and interest earned.
Rs. 5000
10 Years
7 %
Est. Returns
Invested amt
RS.5,000
RS.5,008
RS.10,008
How to Use?
- Input deposit amount, interest rate, and tenure.
- Select compounding frequency.
- View maturity amount and total interest.
Formula
A = P (1 + r/n)^(nt)
| A | The maturity amount or total amount after investment. |
| P | The principal amount or initial deposit. |
| r | Annual interest rate (in decimal form). |
| n | Number of times interest is compounded per year. |
| t | Investment duration in years. |
Advantages
- Clarity on returns
- Easy comparison among banks
- Flexible tenure planning
- Interest compounding visibility
FAQ's
Are FD returns taxable?
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Can I withdraw my FD before maturity?
Yes, but it may attract a penalty.