Use Fixed Deposit Calculator to Calculate Tax Liability On FD

Does your investment portfolio include a few Fixed Deposit accounts? These savings instruments, while a great choice, are not tax free. You can use an FD Calculator to compute the interest amount you earn. Then, you can pay taxes on them, according to your tax slab. Fixed Deposit and Tax Liability Fixed Deposit interest earnings are not tax-free. Even the interest earnings on tax-saver FDs are liable for taxation. On a tax-saving Fixed Deposit, only the original principal amount deposited qualifies for tax deduction under Section 80C of the IT…

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