Interest Tax Calculator

Understand exactly what you keep after Indian tax deductions: TDS, surcharge, and cess, calculated precisely.

Tax Breakdown

Results will appear here

Enter your interest amount and click Calculate Tax.

Simple, Step-by-Step

Follow these steps to get accurate results.

Enter Interest Earned
Add total yearly interest credited to your NRO savings or fixed deposit account.
Apply Tax Rates
NRO interest is generally subject to 30% TDS, plus surcharge and cess.
Review Net Interest
Get total tax deducted, net post-tax interest, and your effective tax rate.
Plan Filing
Use the breakup to assess DTAA impact and estimate potential refund at ITR time.

Understanding the Impact

Key reasons this calculator is important for NRIs.

High Default Withholding
NRO interest is often taxed higher than expected, affecting actual investment returns.
DTAA Opportunities
Many NRIs can reduce effective tax using treaty documentation and proper filings.
Refund Visibility
Understanding tax breakup helps you plan refund claims and annual compliance.

NRO Interest: Key Rules

Base TDS Rate: 30%
Surcharge: Income based
Health & Education Cess: 4%
DTAA Relief: Available

NRE

Tax-Free

Completely exempt from Indian tax. No TDS deducted.

NRO

Fully Taxable

Subject to TDS at source. Banks deduct automatically.

Disclaimer: This calculator provides indicative tax computation on NRO interest and does not account for DTAA benefits or individual tax slabs. Consult a qualified tax professional for personalised advice.

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Tax Breakdown

Simple, Step-by-Step

Enter Interest Earned

Apply Tax Rates

Review Net Interest

Plan Filing

Understanding the Impact

High Default Withholding

DTAA Opportunities

Refund Visibility

NRO Interest: Key Rules