Fixed Deposit Calculator (with TDS and real return)
Maturity value, effective yield after quarterly compounding, TDS, and what the return looks like once tax and inflation are taken off.
Your numbers
Nothing you type here leaves your device as you work. Saving is the only thing that sends it anywhere, and only when you ask.
₹5 lakh
The rate on the bank’s own board — not an assumption about markets.
FD interest is taxed at your slab rate, not at the TDS rate.
To show the real return. Your assumption.
₹ MoneyLingo · moneylingo.in
Fixed Deposit Calculator (with TDS and real return)
Worked out on 13/8/2026
| Amount deposited | 500000 |
|---|---|
| Interest rate the bank offers | 7 |
| Term | 5 |
| Type | cumulative |
| Your marginal tax rate | 30 |
| Inflation you assume | 0 |
My scenarios (0/10)
Snapshots of your inputs, so you can flip between them — “20 years at 9%” against “15 years at 9.5%”. Stored in this browser only, no account needed.
₹2,07,389 of interest
- Effective annual yield
- 7.19%
- Tax on interest
- ₹62,217
- After tax
- ₹6,45,172
- TDS deducted
- None
Threshold ₹50,000 a year
What this means
- Compounded 4 times a year, so the effective yield is above the headline 7.00%. Interest earns interest.
- Annual interest is below the ₹50,000 TDS threshold, so no tax is deducted at source. The interest is still taxable — you must declare it yourself.
- At a 30% marginal rate, nearly a third of this interest goes in tax. This is why a deposit that looks competitive before tax often is not after it.
- Deposits are covered by DICGC insurance up to ₹5,00,000 per depositor per bank, principal and interest together, across all branches of that bank.
Questions people actually ask
- Is the TDS my bank deducts the final tax on my FD?
- No, and this catches a lot of people out. TDS is deducted at 10% where interest crosses the threshold, but the interest is taxable at your slab rate. If that rate is 30%, you owe the difference when you file.
- How much of my deposit is insured?
- DICGC insures up to ₹5 lakh per depositor per bank, covering principal and interest together and aggregated across all branches of that bank. Splitting a large sum across banks — not branches — is what actually increases cover.
Where these numbers come from
Every rate this tool uses, its source, and the date a human last checked it against that source.
- Union Budget 2026-27; slab structure unchanged from FY 2025-26 · checked 2026-04-05
- Income-tax Act — standard deduction for salaried taxpayers, new regime · checked 2026-04-05
Salaried taxpayers and pensioners only. Not available against business or freelance income.
- Rebate under s.87A, new regime · checked 2026-04-05
Applies to total income AFTER the standard deduction, which is why a salary of ₹12.75 lakh can still pay nil tax.
- Rebate under s.87A, new regime · checked 2026-04-05
- Surcharge rates, new regime. The 37% band does not apply under the new regime. · checked 2026-04-05
- Deduction against family pension, new regime · checked 2026-04-05
- Old regime slabs, unchanged since FY 2014-15 · checked 2026-04-05
- Standard deduction for salaried taxpayers, old regime · checked 2026-04-05
- Rebate under s.87A, old regime · checked 2026-04-05
- Rebate under s.87A, old regime · checked 2026-04-05
- Surcharge rates, old regime · checked 2026-04-05
- Basic exemption limit, resident senior citizen, old regime · checked 2026-04-05
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₹5 lakh insured per bank, not per branch
DICGC cover is a per-depositor, per-bank limit covering principal and interest together. Splitting money across branches of one bank does nothing.