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FD Income

FD income

Fixed-deposit interest and 6% withholding.

How this is calculated

Simple interest is principal × rate × years. Quarterly and monthly options compound. “Pay interest out” keeps the principal unchanged and pays the interest each period. TDS is 6% of the interest. An inflation rate shows the maturity in today’s prices.

For reference only. Confirm the figure with the broker, bank or Inland Revenue Department before you rely on it.