FD Real Return Calculator
Your fixed deposit's return after withholding tax and inflation — what your money will actually be worth, not just the headline rate.
- Deposit (principal)
- Rs. 1,000,000
- Gross interest
- Rs. 104,713.07
- WHT deducted
- − Rs. 10,471.31
- Net interest
- Rs. 94,241.76
- Maturity value
- Rs. 1,094,242
- Real value (today's rupees)
- Rs. 1,042,135.01
- Real gain / loss
- Rs. 42,135.01
- Net nominal rate
- 9.42%
- Real interest rate
- 4.21%
WHT of 10% is deducted from your interest. It is Advance Income Tax — it counts against the tax on your annual return, not an extra tax. If your total income for the year is below Rs. 1,800,000, give your bank a self-declaration and it will stop deducting WHT. If WHT was already deducted, you can claim it back from the IRD.
WHT is Advance Income Tax — it counts against the tax on your annual return, not an extra tax.
This is an estimate, not a forecast. Inflation is not the same every year, and the rate you type is a guess — try a higher and a lower rate to see the range.
No live inflation rate is used here — you type the rate yourself. WHT 10% standard since April 2025; personal relief Rs. 1,800,000/yr (IRD Tax Chart 2025/2026). Compound interest (monthly, same as the FD tool): maturity = principal × (1 + rate/12)^(years × 12).
Fixed deposit returns with WHT, monthly payout or at-maturity.
What your money will be worth in a few years, and how much you will need then to buy what you buy today.
Annual income tax for a self-employed person or freelancer, and how much to pay each quarter.
Questions
Real return is what your money is actually worth after inflation. If your FD pays 10% but prices rise 5%, your money only buys about 4.2% more than before (after WHT). The headline rate is not what you keep — this tool shows what you keep in today's rupees.
Banks deduct 10% WHT from your interest before paying you. It is Advance Income Tax — it counts against the tax on your annual return, not an extra tax. If your total income for the year is below Rs. 1,800,000, give your bank a self-declaration and it will stop deducting WHT. If WHT was already deducted, you can claim it back from the IRD.
Then your money loses buying power even though the balance grows. If your FD pays 9% after WHT but prices rise 12%, your deposit will buy less at maturity than it does today. This tool shows that loss plainly, so you can compare FDs against inflation before you commit.
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