Recurring Deposit Calculator Month Recurring Pre-tax Pre-tax

Taxed as per slab on accural basis Deposit Interest Total

Fill only the cells with green background 1 10000 82.65 10083
Interest Rate 10.00% 2 10000 165.98 20249
Monthly installment 10000 3 10000 250.00 30499
Duration of invest. (months)* 48 4 10000 334.71 40833
* 2 - 120 months (max. allowed duration) 5 10000 420.13 51253
Type of Compounding Quarterly 6 10000 506.25 61760
Month when RD started Jun 7 10000 593.08 72353
Financial year when RD started 2003-2004 8 10000 680.63 83033
Applicable tax slab 10.00% 9 10000 768.91 93802
Pre-tax Corpus not applicable! 10 10000 857.91 104660
Total investment 480,000 11 10000 947.65 115608
Post-tax Corpus( tax on accural basis) 12 10000 1038.13 126646
Post-tax Coprus 579,630 13 10000 1129.36 137775
Total interest earned(post-tax) 99,630 14 10000 1221.34 148997
15 10000 1314.08 160311
Taxed to paid each financial year After 16 10000 1407.59 171718
Financial Year Amount Installment 17 10000 1501.87 183220
2003-2004 480.01 10 18 10000 1596.93 194817
2004-2005 1,803.64 22 19 10000 1692.78 206510
2005-2006 3,274.01 34 20 10000 1789.42 218299
2006-2007 4,897.03 46 21 10000 1886.86 230186
2007-2008 985.55 48 22 10000 1985.10 242171
23 10000 2084.16 254256
24 10000 2184.03 266440
25 10000 2284.73 278724
26 10000 2386.26 291111
27 10000 2488.63 303599
28 10000 2591.85 316191
Total tax to be payed 11,440.24 29 10000 2695.92 328887
30 10000 2800.85 341688
For reference purposes only 31 10000 2906.64 354594
Pre-tax Corpus** 591,070.27 32 10000 3013.31 367608
Total interest earned(pre-tax)** 111,070.27 33 10000 3120.87 380729
34 10000 3229.31 393958
35 10000 3338.65 407297
36 10000 3448.89 420745
37 10000 3560.04 434305
38 10000 3672.11 447978
39 10000 3785.11 461763
40 10000 3899.04 475662
41 10000 4013.92 489676
42 10000 4129.74 503805
43 10000 4246.52 518052
44 10000 4364.26 532416
45 10000 4482.98 546899
46 10000 4602.68 561502
47 10000 4723.37 576225
48 10000 4845.06 591070
Post-tax Post-tax Tax to Note: interest from RD is to declared on accural basis.
interest Total be paid That is each financial year. Tax has to be paid as per
74.14 10074 8.51 slab. No TDS does not mean no Tax!
148.88 20223 17.10
224.25 30447 25.75 Most banks use quarterly compounding for RDs
300.24 40748 34.48 Feedback welcome: pattu@iitm.ac.in
376.86 51124 43.27
454.11 61578 52.14
531.99 72110 61.09
610.53 82721 70.11
689.71 93411 79.20
769.54 104180 88.36
850.04 115030 97.61
931.20 125961 106.93
1013.03 136975 116.32
1095.54 148070 125.80
1178.73 159249 135.35
1262.61 170511 144.98
1347.18 181859 154.69
1432.45 193291 164.48
1518.42 204809 174.36
1605.11 216415 184.31
1692.51 228107 194.35
1780.64 239888 204.47
1869.49 251757 214.67
1959.07 263716 224.95
2049.40 275766 235.33
2140.47 287906 245.78
2232.30 300138 256.33
2324.89 312463 266.96
2418.24 324882 277.68
2512.36 337394 288.49
2607.26 350001 299.38
2702.94 362704 310.37
2799.42 375504 321.45
2896.69 388400 332.62
2994.77 401395 343.88
3093.65 414489 355.24
3193.36 427682 366.68
3293.89 440976 378.23
3395.24 454371 389.87
3497.44 467869 401.60
3600.48 481469 413.43
3704.38 495173 425.36
3809.13 508983 437.39
3914.74 522897 449.52
4021.23 536919 461.75
4128.60 551047 474.08
4236.86 565284 486.51
4346.02 579630 499.04