Note: The variable RD calculator gives the total post-tax interest. I have assumed that only the variable payments are subject to a penalty. That is if a variable payment is not made before a certain date (reader Srinivas says it is 10th in his case) then interest on the variable payment for that month will not be paid.
There was an issue with interest calculation for each FY when the monthly payments become variable. So I had to remove the original download link. I am trying to resolve this.
For normal RD where the monthly payments are fixed you could use this Recurring deposit calculator published earlier. This gives the tax liability each FY for different types of compounding (annual, half-yearly, quarterly and monthly).
(total tax liability for multiple installments per month: fixed + variable)
- Note: the above calculator assumes you make a fixed payment on the same day each month and variable investment (zero to anything subject to a max. defined by bank) on any day of the month (ie. two investments each month)
- If your bank will permit only one investment each month then use this:
(total tax liability for single variable installment per month)
Connect with us on social media
- Twitter @freefincal
- Subscribe to our Youtube Videos
- Posts feed via: Feedburner
- We are also on Google PlusandPinterest
Do check out my books
Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantMy second book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a youngearner
The ultimate guide to travel by Pranav SuryaThis is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for ₹199 (instant download)
Free Apps for your Android PhoneAll calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)