TDS on FD calculator
Whether the bank will deduct anything this year, and how much. Count each bank on its own.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
Is the limit on my total interest?
No. It is per bank, per person, per year. Two banks each paying ₹40,000 means no TDS at either, even though the total is ₹80,000.
What are the limits?
₹50,000 a year for most people and ₹1,00,000 for those over 60, at each bank.
What if the bank has no PAN?
The rate doubles from 10% to 20%.
Does TDS mean the tax is settled?
No. TDS is an advance. The interest is taxed at your slab rate, so you may owe more or be due a refund when you file.
How do I stop it?
Form 15G, or 15H if you are over 60, given at each bank at the start of the year, provided your total income really is below the taxable limit.