Guess your question is incomplete. Should know how much you are earning now and the increments you are going to get

Posted on Apr 28, 2015

Hi,

a 6ya expert can help you resolve that issue over the phone in a minute or two.

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Posted on Jan 02, 2017

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

Patricia -

What in the world are you talking about?? If related to your car - please provide year, make and model and the system your accessing. Otherwise, please provide detailed background info in your question so we will know how to help :-)

What in the world are you talking about?? If related to your car - please provide year, make and model and the system your accessing. Otherwise, please provide detailed background info in your question so we will know how to help :-)

Jun 10, 2015 | Cars & Trucks

About $5.21. Though if it's truly simple interest then he may not earn any interest until he receives $62.50 at the end of the year.

May 26, 2014 | Computers & Internet

With simple interest, there is no compounding. To earn 2200.50 interest in six years, you need to earn 2200.50/6 = 366.75 each year. In order to earn 366.75 at 10.5%, you need a principal of 366.75/10.5% = 3492.86.

If the interest is compounded annually then you only need to invest 2682.13.

If the interest is compounded annually then you only need to invest 2682.13.

May 03, 2014 | Casio FX-115ES Scientific Calculator

Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Nov 20, 2013 | Texas Instruments TI-30X-IISTK Scientific...

If 1288 is deposited yearly The Final Amount is:

34,399.33 USD

If 1288 is deposited only once The Final Amount is:

3,321.15 USD

34,399.33 USD

If 1288 is deposited only once The Final Amount is:

3,321.15 USD

Oct 11, 2013 | Vehicle Parts & Accessories

You need to have at least $50 before they will send you a check currently. You can find the terms of payment at http://www.fixya.com/FAQexp.aspx#x16

Hope this helps. Please leave feedback. Thanks.

Hope this helps. Please leave feedback. Thanks.

Mar 17, 2011 | HP Pavilion ze2000 Notebook

Hi,

Jane starts with 1200$ at the beginning of the first year, and at the end of the fourth year she has 1200$+300$=1500$

Use x for her annual interest rate, that means at the end of the first year she will have 1200$*[(100+x)/100]. At the end of the second year her first-year money earns at the same rate, so she will have 1200$*[(100+x)/100]*[(100+x)/100]=1200$*[(100+x)/100]^2 at the end of the second year.

At the end of the third year she will have 1200$*[(100+x)/100]^2 *[(100+x)/100]=1200$*[(100+x)/100]^3

At the end of the fourth year she will have

1200$*[(100+x)/100]^3 *[(100+x)/100]=1200$*[(100+x)/100]^4 which is equals to 1500$

1200$*[(100+x)/100]^4=1500$ divide both sides by 1200$

[(100+x)/100]^4=1,25 take the fourth root of both sides

(100+x)/100=1,05737 both sides*100

100+x = 105,737 both sides -100

x=5,737

So Jane's annaual interest rate was 5,737%.

Hope it helps you.

Jane starts with 1200$ at the beginning of the first year, and at the end of the fourth year she has 1200$+300$=1500$

Use x for her annual interest rate, that means at the end of the first year she will have 1200$*[(100+x)/100]. At the end of the second year her first-year money earns at the same rate, so she will have 1200$*[(100+x)/100]*[(100+x)/100]=1200$*[(100+x)/100]^2 at the end of the second year.

At the end of the third year she will have 1200$*[(100+x)/100]^2 *[(100+x)/100]=1200$*[(100+x)/100]^3

At the end of the fourth year she will have

1200$*[(100+x)/100]^3 *[(100+x)/100]=1200$*[(100+x)/100]^4 which is equals to 1500$

1200$*[(100+x)/100]^4=1500$ divide both sides by 1200$

[(100+x)/100]^4=1,25 take the fourth root of both sides

(100+x)/100=1,05737 both sides*100

100+x = 105,737 both sides -100

x=5,737

So Jane's annaual interest rate was 5,737%.

Hope it helps you.

Mar 10, 2011 | Sharp EL-738 Scientific Calculator

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