Savings Account Interest Calculator
Calculate net savings account interest after tax. Compare with FD using 80TTA/80TTB deductions.
Quick Summary: Savings Account Interest Calculator
A Savings Account Interest Calculator computes daily interest earned on balances, factoring in tax deductions of up to ₹10000 under Section 80TTA (for individual taxpayers) and up to ₹50000 under Section 80TTB (for senior citizens) in FY 2026-27.
How to use the Savings Account Interest Calculator
- 1
Enter Average Balance
Input your average monthly or daily balance in the savings account.
- 2
Specify Interest Rate
Enter the annual interest rate provided by your bank (usually 3% to 7%).
- 3
Input Your Age
The tool uses your age to determine eligibility for 80TTA or 80TTB deductions.
- 4
View Net Returns
See the total interest earned and the final post-tax amount.
Related Calculators
Regulatory Disclaimer
Last verified May 2026
Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.
Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."
Consult a SEBI-registered IA or CA for personalised advice.
9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.