Savings bank interest and fd interest

This query is : Resolved

heena (Querist)
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24 June 2014 The certificate Shows SAvings Bank Interest as 11664.12 (earned) and 11241(received)
WHat should be the amount taken into Computing

SEcondly the FD interest certificate shows
Earned as 83719.23 (earned) and Recd as 142907

What Should be the amount that can be taken in comoputation ??

Sathish k

Sathish k (Expert)
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25 June 2014 In case of bank interest interest earned/accrued should be declared as income for the year.

You may receive the interest earned / accrued in the previous year also.