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Tax on FD Interest Calculator

Estimate the tax on your fixed deposit interest.

Last updated: 13 Aug 2026

Quick answer

FD interest is fully taxable at your income-tax slab rate: tax = interest × slab ÷ 100. For example, ₹40,000 interest at the 20% slab is ₹8,000 tax. Enter your interest and slab above.

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FD interest is taxable as "income from other sources" at your slab rate: tax = interest × slab ÷ 100. Banks also deduct TDS if interest crosses the annual threshold.

How to calculate tax on FD interest

  1. 1 Enter your total FD interest for the year.
  2. 2 Select your income-tax slab.
  3. 3 We estimate the tax on that interest.

Frequently asked questions

Is FD interest taxable?
Yes, it is added to your income and taxed at your slab rate; there is no special lower rate for FD interest.
When is TDS deducted on FD?
Banks deduct TDS (usually 10%) when interest exceeds ₹40,000 a year (₹50,000 for senior citizens).
How can I avoid excess TDS?
Submit Form 15G/15H if your total income is below the taxable limit.

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