Fixed Deposit Interest Calculator xls

Sample of business letter and personal application letter formats in word file. Download .doc/docx/xls/pdf file example.

How to calculate fixed deposit interest:

 

Banker or Depositor uses the interest calculator tools. If your need to calculate fixed deposit interest amount, then need few bank information and your deposit amount for using the fixed deposit interest calculator tools. Here some data is mandatory and few are optional. Following data is need for interest calculation:

SL. No.

Information

Data is:

Example Data

a

Fixed Deposit Amount

Mandatory

1,00,000.00

b

Interest Rate (Yearly)

12.50%

c

Period / Term (Months)

6

d

Income Tax Rate

If Application

10.00%

e

Govt. Excise Duty

120.00

f

Others Charges (Stamp, VAT, Etc.)

20.00


Download the Fixed Deposit Interest Calculator excel xls file format.


Details of Deposit Interest Calculation Formula:

Interest amount for the period = (Fixed Deposit Amount x Interest Rate) / 12 x Period.

Income Tax = Interest amount for the period x Tax Rate.

Excise Duty = As per Deposit Slave (Government Circular)

 

Net Interest after Tax and Charges = Interest amount for the period - Income Tax - Excise Duty - Charges


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