FD Calculator: Calculate Fixed Deposit Interest & Maturity Amount

Fixed Deposit Calculator

Input Details

Principal Amount (₹)

Interest Rate (% p.a.)

Investment Duration

Compounding Frequency

Tax Rate (%)

Investment Summary

Total Investment

₹1,00,000

Maturity Value

₹1,37,280

Total Interest

₹37,280

Tenure: 5 Years

Interest Rate: 6.50% p.a.

Compounding: Yearly

Maturity Date: 08 Mar 2030

Tax Calculation

Interest Earned: ₹37,280

Tax Amount (20%): ₹7,456

Net Interest After Tax: ₹29,824

Net Amount After Tax: ₹129,824

Taxation on Fixed Deposits

Interest earned on FDs is taxable as per your income tax slab rate.
TDS is applicable if interest earned is more than ₹40,000 in a financial year (₹50,000 for senior citizens).
Income tax return should declare interest income from FDs even if TDS is deducted.

Investment Growth Over Time

Investment Distribution

Tax Implications

The interest earned on your fixed deposit is subject to income tax as per your tax slab. Below is a breakdown of the tax implications for your investment:

Description	Amount (₹)
Principal Amount	₹100,000
Total Interest Earned	₹37,280
Applicable Tax Rate	20%
Tax Payable on Interest	₹7,456
Interest After Tax	₹29,824
Total Maturity Amount After Tax	₹129,824

Important Tax Notes

Tax Deducted at Source (TDS) @10% is applicable if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).
If your total income is below the taxable limit, you can submit Form 15G/15H to avoid TDS deduction.
Interest on FDs is taxed on accrual basis, not on maturity. For FDs spanning multiple financial years, interest accrued in each year is taxable in that respective year.

Year-by-Year Breakdown

Period	Opening Balance (₹)	Interest Earned (₹)	Closing Balance (₹)