Assumptions:
• New Tax Regime (default from FY 2025-26)
• 1-year FD only
• Entire income taxed at normal slab rates (no special capital gains / lottery rates)
• Taxpayer is a resident individual
Results (1-year FD)
Gross interest (1 year)
Tax on income without FD
Tax on income with FD
Incremental tax due to FD
Net FD interest after tax
Maturity amount after tax
Effective post-tax return (% p.a.)
Tax logic: Uses New Tax Regime slabs for FY 2025-26,
Section 87A rebate (up to ₹60,000 up to ₹12L) with marginal relief till ~₹12.75L,
surcharge of 10%/15%/25% on tax for incomes above ₹50L/₹1Cr/₹2Cr with marginal relief,
plus 4% health & education cess. Assumes only normal slab income. For complex situations
(capital gains, non-resident, multiple regimes), please confirm with a tax professional.
