Result
Interest after tax
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This calculation is for informational purposes only and does not replace advice from a qualified professional. Formulas and rates may not fit your exact situation — double-check the figures before making decisions.
How it is calculated
Pre-tax interest = deposit amount × rate ÷ 100 × term in days ÷ 365 — simple interest, no capitalization.
Tax on interest = pre-tax interest × income tax rate ÷ 100. Interest after tax = pre-tax interest − tax on interest.
Interest on business deposits is part of the taxable base for income tax, unlike personal deposits which are taxed separately under different rules. If you're on a special regime (simplified "Income" tax, patent), check exactly how interest is taxed for you and use the applicable rate.