About this tool

TDS on FD Interest Calculator

TDS deducted on fixed deposit interest under Section 194A, with Form 15G and 15H eligibility checks and net payout.

Banks deduct TDS on fixed deposit interest under Section 194A once your interest with that bank crosses the annual threshold — and the deduction applies to the whole interest, not just the excess. This calculator works out the TDS at 10% (or 20% where PAN is not on record), checks whether you qualify to file Form 15G or 15H to stop the deduction, and shows the net interest credited plus any tax still payable at your slab. Useful for depositors planning FD ladders and for retirees relying on interest income.

How to use TDS on FD Interest Calculator

1. 1

   Open TDS on FD Interest Calculator on AltFTool — it loads instantly in your browser.

2. 2

   Enter the values you already know.

3. 3

   Fine-tune the options to match your scenario.

4. 4

   Read the result and use it in your planning or reporting.

Why use TDS on FD Interest Calculator

• Threshold logic done right

  Applies TDS to the full interest once the limit is crossed, which is where most manual estimates go wrong.

• 15G vs 15H, decided

  Tests each declaration's actual conditions — age, nil tax liability and the interest ceiling that applies only to 15G.

• Beyond the deduction

  Compares TDS already deducted with tax due at your slab so you know whether to expect a refund or pay the balance.

Common use cases

• Checking whether splitting a large deposit across two banks keeps annual interest under the TDS threshold at each bank.
• A retiree confirming Form 15H eligibility before the branch deducts TDS on the first quarterly interest credit.
• Reconciling the TDS shown in Form 26AS against the interest certificate your bank issued for the year.

Frequently asked questions