FD vs Inflation After Tax Calculator
Important Insight:
Even if Bank FD return and inflation are both 6%, tax on FD interest reduces the effective return. So after paying tax, the actual return becomes lower than inflation. This means purchasing power may reduce even though the FD value grows.
Even if Bank FD return and inflation are both 6%, tax on FD interest reduces the effective return. So after paying tax, the actual return becomes lower than inflation. This means purchasing power may reduce even though the FD value grows.
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