FD Tax Calculator — Old & New Regime
Enter your annual income and FD interest. Toggle between old/new tax regimes and provide your age to apply age-based old-regime slabs and Form 15G/H guidance.
Note: The new regime removes many deductions/exemptions (if you choose new regime, calculations reflect slab rates only).
Quick Summary
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Total Taxable Income: ₹13,00,000.00
Bank TDS (typical): ₹10,000.00 (threshold used: ₹50,000.00)
Tax before surcharge & cess: ₹2,02,500.00
Surcharge: ₹0.00
Health & Education Cess (4%): ₹8,100.00
Total Tax Payable: ₹2,10,600.00
Additional Tax Payable After TDS: ₹2,00,600.00
Form 15G / 15H Guidance
Typical guidance:
- If your total interest income in a year is below the bank TDS threshold, banks typically do not deduct TDS. Threshold used here: ₹50,000.00.
- Use Form 15G if you are a resident individual below 60 years and meet the conditions (submit to bank to request non-deduction of TDS).
- Use Form 15H if you are a senior citizen (age ≥ 60) and meet the conditions.
Important: These thresholds & forms may be updated by regulatory authorities. Verify the current thresholds & conditions on the Income Tax Department / RBI notifications before relying on them.
Per-slab Breakdown (Old Regime (age applied))
| Slab | Rate | Amount Taxed | Tax on Slice |
|---|---|---|---|
| 0 - 2,50,000 | 0.00% | ₹2,50,000.00 | ₹0.00 |
| 2,50,001 - 5,00,000 | 5.00% | ₹2,50,000.00 | ₹12,500.00 |
| 5,00,001 - 10,00,000 | 20.00% | ₹5,00,000.00 | ₹1,00,000.00 |
| 10,00,001 and above | 30.00% | ₹3,00,000.00 | ₹90,000.00 |
Unit-test snapshots (quick verification)
Young taxpayer, small FD, old regime
Input: Income ₹3,00,000.00, FD ₹10,000.00, Age 30, Regime old
Total Income: ₹3,10,000.00
Bank TDS (typical): ₹0.00 (threshold ₹50,000.00)
Tax before surcharge/cess: ₹0.00
Surcharge: ₹0.00
Cess (4%): ₹0.00
Total Tax Payable: ₹0.00
Show breakdown
- 0 - 2,50,000 → taxed: ₹2,50,000.00 → tax: ₹0.00
- 2,50,001 - 5,00,000 → taxed: ₹60,000.00 → tax: ₹3,000.00
- 5,00,001 - 10,00,000 → taxed: ₹0.00 → tax: ₹0.00
- 10,00,001 and above → taxed: ₹0.00 → tax: ₹0.00
Senior (65), larger FD, old regime
Input: Income ₹6,00,000.00, FD ₹60,000.00, Age 65, Regime old
Total Income: ₹6,10,000.00
Bank TDS (typical): ₹0.00 (threshold ₹1,00,000.00)
Tax before surcharge/cess: ₹32,000.00
Surcharge: ₹0.00
Cess (4%): ₹1,280.00
Total Tax Payable: ₹33,280.00
Show breakdown
- 0 - 3,00,000 → taxed: ₹3,00,000.00 → tax: ₹0.00
- 3,00,001 - 5,00,000 → taxed: ₹2,00,000.00 → tax: ₹10,000.00
- 5,00,001 - 10,00,000 → taxed: ₹1,10,000.00 → tax: ₹22,000.00
- 10,00,001 and above → taxed: ₹0.00 → tax: ₹0.00
Young taxpayer, new regime, high income
Input: Income ₹12,00,000.00, FD ₹50,000.00, Age 35, Regime new
Total Income: ₹12,50,000.00
Bank TDS (typical): ₹0.00 (threshold ₹50,000.00)
Tax before surcharge/cess: ₹67,500.00
Surcharge: ₹0.00
Cess (4%): ₹2,700.00
Total Tax Payable: ₹70,200.00
Show breakdown
- 0 - 4,00,000 → taxed: ₹4,00,000.00 → tax: ₹0.00
- 4,00,001 - 8,00,000 → taxed: ₹4,00,000.00 → tax: ₹20,000.00
- 8,00,001 - 12,00,000 → taxed: ₹4,00,000.00 → tax: ₹40,000.00
- 12,00,001 - 16,00,000 → taxed: ₹50,000.00 → tax: ₹7,500.00
- 16,00,001 - 20,00,000 → taxed: ₹0.00 → tax: ₹0.00
- 20,00,001 - 24,00,000 → taxed: ₹0.00 → tax: ₹0.00
- 24,00,001 and above → taxed: ₹0.00 → tax: ₹0.00
Super senior (82), low income
Input: Income ₹2,00,000.00, FD ₹30,000.00, Age 82, Regime old
Total Income: ₹2,00,000.00
Bank TDS (typical): ₹0.00 (threshold ₹1,00,000.00)
Tax before surcharge/cess: ₹0.00
Surcharge: ₹0.00
Cess (4%): ₹0.00
Total Tax Payable: ₹0.00
Show breakdown
- 0 - 5,00,000 → taxed: ₹2,00,000.00 → tax: ₹0.00
- 5,00,001 - 10,00,000 → taxed: ₹0.00 → tax: ₹0.00
- 10,00,001 and above → taxed: ₹0.00 → tax: ₹0.00