TDS on FD Calculator: Estimate Tax on Your Fixed Deposit Interest (2026)
Our TDS on FD calculator shows how much tax will be deducted on your fixed deposit interest and what you may owe at your income slab in 2026.
Enter a few details and get an instant, accurate estimate — no formulas or spreadsheets needed.
What This TDS on FD Calculator Does
Fixed deposit interest is taxable, and banks deduct TDS once it crosses a yearly limit. This calculator applies the current 2026 rules for you.
It tells you whether TDS applies, how much the bank will deduct, and the actual tax on the interest at your slab — so you can plan for a top-up payment or a refund.
Why Use a TDS on FD Calculator
Bank interest statements rarely show your real tax. This calculator bridges that gap by turning your interest into a clear TDS figure and an actual tax amount.
It helps you decide whether to submit Form 15G or 15H, set money aside for a top-up payment, or expect a refund — all before the financial year ends.
How TDS on FD Is Calculated
The calculator first checks your total FD interest against the 2026 threshold — ₹50,000 for those below 60 and ₹1,00,000 for senior citizens, per bank.
If the interest crosses the limit, TDS is charged on the full interest at 10% (or 20% without PAN), not just the amount above the limit.
It then adds the interest to your income and applies your slab rate to show the real tax, and the balance payable or refundable after TDS.
How to Use the Calculator
- Enter your total FD interest for the financial year (across all FDs in the bank).
- Select your age group — below 60 or senior citizen.
- Choose whether your PAN is registered with the bank.
- Pick your income tax slab to see the actual tax and any refund or balance.
TDS Rates and Limits Used (2026)
| Depositor | TDS-free limit | TDS rate (with PAN) | Without PAN |
| Below 60 years | ₹50,000 | 10% | 20% |
| Senior citizen (60+) | ₹1,00,000 | 10% | 20% |
Worked Example
Suppose you are 45 and earn ₹80,000 in FD interest in a year, with PAN registered. This crosses the ₹50,000 limit, so the bank deducts 10% on the full ₹80,000, i.e. ₹8,000.
If you are in the 30% slab, your actual tax on that interest is ₹24,000, so you pay ₹16,000 more when filing. If your income is below the taxable limit, you claim the ₹8,000 back as a refund.
For a senior citizen the limit is higher. The same ₹80,000 interest stays below the ₹1,00,000 threshold, so no TDS is deducted — though the interest is still taxable and may be reduced by the ₹50,000 Section 80TTB deduction in the old regime.
When TDS Is Not Deducted (Form 15G / 15H)
If your total income is below the taxable limit, you can submit Form 15G (below 60) or Form 15H (senior citizen) so the bank does not deduct TDS.
For the full rules, thresholds and refund process, read our detailed guide on tax on FD interest 2026. You can also compare rates with our FD rates comparison.
Frequently Asked Questions (FAQs)
How does the TDS on FD calculator work?
Enter your FD interest, age group and PAN status. The calculator checks the 2026 threshold, applies 10% or 20% TDS if crossed, and shows the tax at your chosen slab.
What TDS rate does the calculator use?
10% when PAN is available and 20% when it is not, applied on the full interest once the threshold is crossed.
What are the 2026 TDS limits used?
₹50,000 for depositors below 60 and ₹1,00,000 for senior citizens, per bank, per financial year.
Is the calculator’s TDS the same as my final tax?
No. TDS is an advance. Your final tax depends on your slab, so you may pay more or claim a refund when filing your return.
Can I use it for senior citizens?
Yes. Select the senior-citizen option to apply the higher ₹1,00,000 threshold and, in the old regime, the Section 80TTB relief.
Is this TDS on FD calculator free?
Yes, it is completely free and works on mobile and desktop, with no sign-up required.