Fd interest calculation
This query is : Resolved
24 November 2011
Sir,
Suppose I made a FD on 2/10/2011 of Rs.20000/- @ 9.25% (compounding Quartely)
for 1 Year.
I want to know how to calculate interest upto 31/03/2012 to whether TDS is applicable or not.
pls reply its very urgent
Suppose I made a FD on 2/10/2011 of Rs.20000/- @ 9.25% (compounding Quartely)
for 1 Year.
I want to know how to calculate interest upto 31/03/2012 to whether TDS is applicable or not.
pls reply its very urgent
24 November 2011
Date Principal Interest Balance
10-Feb-11 20000
31-Mar-11 253.42 20253.42
30-Jun-11 468.36 20721.78
30-Sep-11 479.19 21200.97
31-Dec-11 490.27 21691.24
31-Mar-12 501.61 22192.85
TDS not applicable
10-Feb-11 20000
31-Mar-11 253.42 20253.42
30-Jun-11 468.36 20721.78
30-Sep-11 479.19 21200.97
31-Dec-11 490.27 21691.24
31-Mar-12 501.61 22192.85
TDS not applicable
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