Work out tax saver fd return instantly with clear inputs, formula shown and shareable results.
A tax-saver deposit gives a deduction on the amount invested but the interest remains fully taxable each year. For a top-rate taxpayer the post-tax return often falls below inflation, which is the trade for the upfront relief and the five-year lock-in.
Post-tax return
Net maturity = M - (M - P) × tax rate; post-tax CAGR = (Net/P)^(1/t) - 1
Tax figures are estimates based on the rate you enter. Deduction limits and interest taxation vary by jurisdiction and change over time. This is not tax advice.
The investment attracts a deduction within the overall limit, but the interest is taxed at your slab rate every year.
No. The statutory lock-in cannot be broken, and the deposit cannot be pledged as security.