Use FD Calculator Tool To Determine Tax Impact On Your Interest Income
Interest income from FDs is taxable in the hands of depositors under the head 'income from other sources'. FD calculator Tool helps investors to know the estimated returns on their FD investments. Hence, they can plan their investments in such a way that taxes will be at a minimum value. Let’s discuss how this ready-to-use calculator works and helps investors to determine the tax impact.
What is an FD calculator?
Fixed Deposit (FD) Calculator is an online tool offered by banks and NBFCs to calculate interest rate, interest amount, and total maturity amount to be accrued on an amount of money in an FD account. It is called an FD interest calculator or FD calculator. The tool calculates how much a depositor will earn on investing in an FD account using inputs like the depositing amount...