What is TDS on Fixed Deposit (With Exemption Limit, Calculations, and More)
Posted on Tuesday, May 28th, 2024 |
Like how you’re charged with Tax Deducted at Source (TDS) on your monthly income, you’re also taxed on investment instruments like Fixed Deposits. Your TDS on FD interest may not qualify FDs as a tax-saving tool like a public provident fund (PPF). In case you don’t know, TDS is the amount the sender deducts before…
Read moreComprehensive Guide On How To Calculate Fixed Deposit Interest Rates
Posted on Friday, May 24th, 2024 |
Fixed deposit is one of the most preferred investment tools amongst low-risk appetite investors looking for safe and assured returns. Investors who want to invest in an FD need to open a fixed deposit account with a bank by providing the necessary documents. Before that, if you want to understand how the maturity amounts based…
Read moreWhat is Annual Percentage Yield (APY) & How it is Calculated
Posted on Wednesday, April 24th, 2024 |
Annual Percentage Yield (APY) is a percentage earned in one year on a Certificate of Deposit or a high-yield savings account. It is different from a simple interest rate as APY considers compounding. Simply put, a higher APY corresponds to greater earnings. What does APY mean? APY means compounding interest, which is earned on the…
Read moreHow to Calculate Fixed Deposit Returns A Simple Guide
Posted on Friday, February 23rd, 2024 |
Whether you are a working professional or a recently retired person, one type of investment that is bound to be part of your portfolio is a fixed deposit. A fixed deposit (FD) is typically opened with banks and can provide a relatively stable income at regular intervals. This article will particularly dwell on the various…
Read moreHow Personal Loan EMI Calculators Fuel Your Financial Strategy?
Posted on Thursday, January 4th, 2024 |
Personal loans can be a lifesaver in difficult times. A family grappling with urgent medical bills can use it to get financial support and focus on recovery. A couple falling short on funds for their dream wedding can use this loan to make their big day unforgettable. Even for home renovations, such loans prove invaluable…
Read moreWhat Is A Car Loan Interest Rate? How Can You Calculate It?
Posted on Wednesday, May 17th, 2023 |
Summary: Calculating a car loan interest rate and understanding what’s involved in the equation can be difficult and intimidating. But with a few simple steps, you can learn to determine how much interest you will have to pay on your loan. If you are considering buying a car with the help of a loan, it…
Read moreWhat are the benefits of the Personal Loan Eligibility Calculator?
Posted on Monday, October 17th, 2022 |
A personal loan is a collateral-free unsecured loan that you can avail yourself of for any purpose. You can use it to fund a wedding expense, pay for hefty medical insurance, pay a sibling’s tuition fee, and even use it for your home renovation, or consolidate high-interest debts. Although it is easy to apply for…
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