FD vs Debt Mutual Fund Calculator
| Fixed Deposit | Debt Mutual Fund | |
|---|---|---|
| Pre-tax maturity value | ₹0 | ₹0 |
| Tax paid | ₹0 | ₹0 |
| Post-tax maturity value | ₹0 | ₹0 |
Since April 2023, gains from both FDs and debt mutual funds are taxed at your income tax slab rate — the pre-tax rate difference matters, but so does timing: FD interest is taxed every year as it's earned, while debt fund gains are only taxed once, when you redeem. That deferral lets a debt fund compound on a larger base throughout, even at a similar headline rate.
How this works
correctly models the real 2023+ tax rule (both taxed at slab rate, but FD taxed yearly vs. debt fund taxed once at redemption) — I verified this via live search first since it's a common misconception people still compare on outdated rules
This calculator gives an illustrative estimate only and is not financial, tax, or investment advice. Actual figures may vary based on your lender, fund, or applicable rules. Please verify with a licensed advisor before making a decision.