Work out the maturity of a 5-year tax-saving fixed deposit with quarterly or annual compounding. The principal qualifies under Section 80C and the interest is taxable.

Tax-Saving FD Calculator (Free, India)

Work out the maturity of a 5-year tax-saving fixed deposit with quarterly or annual compounding. The principal qualifies under Section 80C and the interest is taxable.

FAQs

What is the lock-in for a tax-saving FD?

A tax-saving fixed deposit has a 5-year lock-in with no premature withdrawal or loan against it.

Is FD interest taxable?

Yes, the interest is fully taxable as income each year and TDS may apply, even though the principal is eligible under 80C.