02 June 2013
I got around 50,000 as interest from a STDR in Dec’2012; however as I had submitted form 15G to SBI; SBI had not deducted any income tax and gave full 50,000 interest!
So I had paid 10% of it i.e 5000/- by Challan-280 in Feb’2013.
I am a Govt. servant; in my Form-16 issued by the employer, income from other source i.e the above 50,000 has left vacant & have deducted TDS on my Salary only for the FY-12-13.
My income in this FY-12-13 is below 5 lakhs; (along with this extra income of 50,000 above)
Now, when I try to file my ITR-1 online, I found that I’ve to fill the "Sch TDS2 part" for my income from other sources (i.e my interest from my STDR of SBI) where "Form-16A" detail is needed! (where as I've only Challan-280 receipt copy);
So, I would like to know how to show my extra earning 50,000/- and how to fill the e_return form in the web-site;
First of all i would like to inform you that you cannot give Form 15G to bank if your income exceeds exemption limit. In your case you said it seems your income does exceeds exemption limit of Rs 2,00,000. Hence you have given incorrect self delcaration.Hence I would advise you not to do the same mistake next year.
Coming to your query, in "SchTDS2" only the TDS deducted by employer is to be shown and not the tax paid by you. You can show tax paid by you of Rs 2000 as self Assesment tax in Sr No 24 with appropriate details. HOpe this solves your query
Thanks for the kind response & giving a solution to my problem. I've later realized that submission of 15G is a mistake from my side from Tax-Guru program in a TV show; so I get frightened and bit tense these days!
CAclubindia
