Fixed Deposit (FD) Maturity & Interest Calculator

Fixed Deposit (FD) Maturity & Interest Calculator Calculate Bank Fixed Deposit (FD) Maturity with Quarterly Compounding Bank Fixed Deposits (FD) are one of India’s most secure and popular fixed-income investment options. As per Reserve Bank of India (RBI) guidelines, interest on cumulative fixed deposits is typically compounded on a quarterly basis throughout the tenure. FD Compound Interest Formula A = P × (1 + r/4)^(4 × t) Where: A: Total maturity amount receivable. P: Principal deposit amount. r: Annual interest rate (in decimal format). t: Deposit tenure in years. Senior Citizen Preferential Rates & TDS Rules Senior Citizens (Aged 60+): Most scheduled commercial banks offer an additional 0.50% […] Read Full Article: Fixed Deposit (FD) Maturity & Interest Calculator

Mutual Fund SIP Return & Wealth Calculator

Mutual Fund SIP Return & Wealth Calculator Project Your Wealth Accumulation through Systematic Investment Plans (SIP) A Systematic Investment Plan (SIP) is an investment vehicle offered by mutual funds allowing investors to invest a fixed predetermined sum regularly (monthly or quarterly) into a chosen mutual fund scheme rather than making a lump-sum commitment. Benefits of Monthly SIP Investing Rupee Cost Averaging: You automatically buy more mutual fund units when markets decline and fewer units when prices rise, averaging out purchase costs without having to time the market. Power of Compounding: Over long horizons (7 to 20 years), reinvested returns generate compounding gains that can multiply initial principal significantly. […] Read Full Article: Mutual Fund SIP Return & Wealth Calculator

TDS Rate & Threshold Finder Calculator

TDS Rate & Threshold Finder Calculator Tax Deducted at Source (TDS) Rates & Statutory Thresholds Tax Deducted at Source (TDS) under Chapter XVII-B of the Income-tax Act, 1961 is a mechanism to collect income tax at the very point of origin of income. Deductors must deduct the statutory percentage before remitting payments to contractors, professionals, landlords, or employees. Common Commercial TDS Sections & Thresholds Section Nature of Payment Exemption Threshold Standard TDS Rate 194C Payments to Contractors / Sub-contractors ₹30,000 single / ₹1,00,000 aggregate 1% (Ind/HUF) / 2% (Others) 194J Fees for Professional Services / Royalty ₹30,000 per financial year 10% (Prof.) / 2% (Technical) 194I(a) Rent […] Read Full Article: TDS Rate & Threshold Finder Calculator

Advance Tax Calculator & Installment Schedule

Advance Tax Calculator & Installment Schedule Advance Tax Computation under Sections 208 to 211 Under the Income-tax Act, 1961, Advance Tax (popularly known as the “pay-as-you-earn” scheme) requires taxpayers to pay their income tax in quarterly installments throughout the financial year rather than as a lump sum at the year-end. Who is Liable to Pay Advance Tax? (Section 208) Under Section 208, every taxpayer whose estimated net tax liability for the financial year exceeds ₹10,000 (after accounting for TDS/TCS and rebates) is legally obligated to pay advance tax. Exemption for Senior Citizens: Resident individuals aged 60 years or older who do not have any income from business […] Read Full Article: Advance Tax Calculator & Installment Schedule

Section 80C Deductions & Tax Savings Calculator

Section 80C Deductions & Tax Savings Calculator Maximize Your Tax Savings under Section 80C Section 80C of Chapter VI-A of the Income-tax Act, 1961 allows individuals and Hindu Undivided Families (HUFs) to reduce their taxable income by investing in prescribed statutory savings instruments, up to a maximum threshold of ₹1,50,000 per financial year. Eligible Investments & Expenses under Section 80C Instrument / Expense Lock-in Period Tax Treatment Employees’ Provident Fund (EPF) Until retirement / exit Exempt-Exempt-Exempt (EEE) Public Provident Fund (PPF) 15 Years Exempt-Exempt-Exempt (EEE) Equity Linked Savings Scheme (ELSS) 3 Years (Shortest lock-in) LTCG taxable > ₹1.25L @ 12.5% Life Insurance Premiums (LIC) Policy Tenure Maturity exempt […] Read Full Article: Section 80C Deductions & Tax Savings Calculator

Income Tax Calculator: Old vs New Regime

Income Tax Calculator: Old vs New Regime Understanding the Income Tax Calculator (FY 2024-25 & AY 2025-26) The Union Budget 2024 (Finance (No. 2) Act, 2024) introduced key revisions to the default New Tax Regime under Section 115BAC of the Income-tax Act, 1961. This online calculator lets salaried professionals, self-employed consultants, and business owners instantaneously evaluate and compare their net tax liability under both the New Tax Regime and the traditional Old Tax Regime. Key Budget 2024 Amendments to the New Tax Regime Standard Deduction Hiked to ₹75,000: For salaried employees and pensioners opting for the New Tax Regime, standard deduction under Section 16(ia) has been increased from […] Read Full Article: Income Tax Calculator: Old vs New Regime

Indian Statutory Compliance Calendar

Indian Statutory Compliance Calendar Read Full Article: Indian Statutory Compliance Calendar