Savings & Profit Calculator
See how a savings account or term deposit grows with compound profit, after the tax your bank deducts.
5 lakh
Tax on profit
Aap ka hisaab · your result
Final amount
PKR 1,479,691
after 5 years, after 20% tax on profit
You put in
PKR 1,100,000
Profit after tax
PKR 379,691
Tax deducted
PKR 94,923
How your savings were worked out
PKR 500,000 to start, plus PKR 10,000 a month, at 10% for 5 years
Year-by-year growth 5 years
| Year | Put in so far | Profit this year | Balance |
|---|---|---|---|
| Year 1 | PKR 620,000 | PKR 45,999 | PKR 665,999 |
| Year 2 | PKR 740,000 | PKR 59,777 | PKR 845,776 |
| Year 3 | PKR 860,000 | PKR 74,698 | PKR 1,040,474 |
| Year 4 | PKR 980,000 | PKR 90,858 | PKR 1,251,332 |
| Year 5 | PKR 1,100,000 | PKR 108,359 | PKR 1,479,691 |
How it's calculated
- Each month, profit builds up on your balance at the yearly rate ÷ 12.
- When profit is due (monthly, quarterly, half-yearly or yearly), the bank deducts tax and adds the rest to your balance.
- From then on that profit earns profit too. This is compounding.
- Your monthly deposit goes in at the end of each month.
For a single amount with no deposits and no tax this is the standard formula: final amount = P × (1 + r ÷ n)n × years, where P is the starting amount, r the yearly rate and n the number of times profit is added each year.
Tax rates: FBR Withholding Income Tax Rate Card, updated for the Finance Act 2026: section 151, profit on a bank account or deposit.
Monthly or yearly profit?
The more often profit is added, the sooner it starts earning profit itself. PKR 500,000 plus 10,000 a month at 10% for 5 years, after 20% tax:
| Profit paid | Profit kept | Final amount |
|---|---|---|
| Monthly | PKR 379,691 | PKR 1,479,691 |
| Quarterly | PKR 376,754 | PKR 1,476,754 |
| Half-yearly | PKR 372,495 | PKR 1,472,495 |
| Yearly | PKR 364,469 | PKR 1,464,469 |
The difference is real but small. The rate you get, and how long you leave the money, matter far more.
What being a filer is worth
Banks deduct tax from profit before it reaches you: 20% for filers and 40% for non-filers. On the same example:
| Status | Tax on profit | Tax paid | Final amount |
|---|---|---|---|
| Filer | 20% | PKR 94,923 | PKR 1,479,691 |
| Non-filer | 40% | PKR 181,417 | PKR 1,372,125 |
You become a filer by filing your income tax return on FBR's IRIS portal. Your name then appears on the Active Taxpayers List, which banks check automatically.
Questions people ask
What is compound interest?
Profit that is added to your balance and then earns profit itself. The more often it is added, and the longer you leave it, the faster the balance grows.
How much tax is deducted from bank profit?
For tax year 2027, banks deduct 20% of the profit if you are on the Active Taxpayers List (a filer) and 40% if you are not. The bank deducts it before the profit reaches your account.
Does this work for Islamic accounts and term deposits?
Yes, as an estimate. Enter the expected or declared profit rate. Islamic accounts share actual profit, so the rate can change from month to month.
Does it work for National Savings or mutual funds?
The growth maths is the same, but the tax is not. Those products have their own tax rates, so choose "None" under tax and treat the result as before tax.
Savings account or term deposit?
A savings account lets you withdraw any time, but the bank can change its rate. A term deposit (TDR) locks your money for a fixed period, usually for a higher rate, and breaking it early costs you some of the profit.