FD CUMULATIVE INTEREST TDS PROJECTION

This is a guiding utility / tool to check the correctness of the interest / TDS ,
of FD Cumulative in Indian Banks. The values may vary by a small amount.
But this being provisional figures, this difference may be ignored.
Interest rates are at quarterly rests.
What is PRE TDS AND POST TDS.
Generally banks apply interest on 31 March of every financial year.
In cases, where TDS is applicable, bank will effect TDS on interest accrued
at applicable rate. Thus you see the PRE TDS BALANCE,
and Post TDS values.
ON MATURITY:
Note that the final value you get on maturity is not,
maturity value minus TDS amount of earlier years.
But,
The net payable on maturity date is:
Maturity value as per the FD receipt,
LESS: maturity value of each TDS amount from the date of TDS upto
the date of maturity.
INSTRUCTIONS TO INPUT
Look for STEP 1. fill the 4 values.
Look for STEP 2. Read instructions under it and satisfy yourselves.
Now STEP 3 fill applicable TDS values.

downloaded from
www.allbankingsolutions.com
Name and address of the developer.
V RAMACHANDRA SHENOI
veearess@gmail.com

Disclaimer : This is a free tool. All efforts have

been made so that it can be of use to the
maximum users and is accurate as far as
possible. However, in case, any inaccuracy is
found, the developer of the tool will not be
responsible for any loss or inconvenience
caused on this account
veearess

FD CUMULATIVE INTEREST /TDS PROJECTION FOR FULL TENURE

Do not use this if the FD segment is within a financial year.
In such case, the interest value is available on the receipt.

STEP 1
Date of deposit
Amount
JUST FILL THEM
11/5/2013
125000
STEP 2
Confirm that all values under TDS column is
FILL APPLICABLE TDS % AT APPROPRIATE PLAC
reading '0' (zero)
MATURITY VALUE>>>
Now look for the maturity value , and value
Now examine the year end values.
on due date, They will be the same
(The due date segment is on
INTEREST
INTEREST
the right side)
FROM
UPTO
Now examine the spread of
11/5/2013
3/31/2014
balances and interest >>>
4/1/2014
3/31/2015
amounts at the end of each

4/1/2015

3/31/2016

financial years.

4/1/2016

3/31/2017

STEP 3

4/1/2017

3/31/2018

TDS VALUES.
PLEASE FILL THE TDS %,
as applicable, against the
respective financial year,
(under column TDS%)
You may fill notional
values for the coming
financial years.
Look for the Due date
segment along side the
year end values.
fill the TDS% under
the column.

Disclaimer : This is a free tool. All efforts have been

made so that it can be of use to the maximum users
and is accurate as far as possible. However, in case,
any inaccuracy is found, the developer of the tool will
not be responsible for any loss or inconvenience
caused on this account
veearess

Disclaimer : This is a free tool. All efforts have been

made so that it can be of use to the maximum users
and is accurate as far as possible. However, in case,
any inaccuracy is found, the developer of the tool will
not be responsible for any loss or inconvenience
caused on this account
veearess

downloaded from
www.allbankingsolutions.com

t is within a financial year.

is available on the receipt.

interest

due date should be within

10 years.

due date
8.75

11/5/2018

VALUE ON DUE DATE

CABLE TDS % AT APPROPRIATE PLACES

MATURITY VALUE>>>

192693 correct???

check this value.

ne the year end values.

AMOUNT/

INTEREST

VALUE

BALANCE B/F

accrued

pre-tds

TDS %

125000
129485

4485
11707

129485
141193

0
0

141193

12766

153958

153958

13920

167878

167878

15178

183057

ol. All efforts have been

e to the maximum users
sible. However, in case,
e developer of the tool will
ss or inconvenience

0
0
0
0
0
0

ol. All efforts have been

e to the maximum users
sible. However, in case,
e developer of the tool will
ss or inconvenience

PLEASE DO NOT PRINT TO SAVE PAPER

Name and address of the developer.
V RAMACHANDRA SHENOI
veearess@gmail.com
ON DUE DATE

11/5/2018

TDS

BALANCE

FINANCIAL

Opening

Interest

AMOUNT

post tds

YEAR

Balance

Amount

0
0

129485
141193

153958

167878

183057

tds%

(start day)
4/1/2018

on due
date

183057

9663

192693

Balance
post tds

tds
amount

192693

FD CUMULATIVE INTEREST/TDS PROJECTION

Having read the readme she

INPUT SHEET. fill at cells yellow.

by: v ramachandra shenoi
veearess@gmail,com

This can be used to obtain values

This is helpful to audit multiple FD

Do not use this if the FD MATURES within a financial year.

In such case, the interest value is available on the receipt.

Prepare a list of all your FD by filling the details below:

Need delete only matured/closed accounts.

Sl No.

Date of deposit

Amount

interest

due date

12/19/2014

700000

8.5

4/25/2011

26000

<<<STEP 1

STEP 2

12/19/2019 Note the SL no. for which values is

4/25/2015 required. Then choose from

the list

STEP 3

fill TDS % , against respective

years, wherever applicable

7
8

STEP 4

9
10

Look for the due date segment

11

below.

12

fill the TDS %

13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Due date

30
31
32
33
34

Disclaimer : This is a free tool. All

efforts have been made so that it can
be of use to the maximum users and is
accurate as far as possible. However, in
case, any inaccuracy is found, the
developer of the tool will not be
responsible for any loss or
inconvenience caused on this account
veearess

read the readme sheet,the instructions are kept minimum.

be used to obtain values for various FDs one by one.

elpful to audit multiple FDs with various values.
downloaded from
www.allbankingsolutions.com

SL no. for which values is

Choose

Then choose from

SlNo.
1

% , against respective

herever applicable

the due date segment

Date of deposit

12/19/2014

Amount

interest

700000

due date

8.5

12/19/2019

BALANCE AT
FINANCIAL ENDED

TDS %

Balance pre tds

interest

3/31/2015

717020

17020

3/31/2016

779937

62917

3/31/2017

848375

68438

3/31/2018

922818

74443

3/31/2019

1003793

80975

1066100

62307

0
0
0
0
0
segment

12/19/2019

fill here also

FINALLY,
Balance pre tds

12/19/2019

1066100

interest
62307

tds
0

tds

Balance ex tds
0

717020

779937

848375

922818

1003793

1065956

TDS AMOUNT Value (final)

1065956