Help on filling interest income in itr2, 13-14


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24 July 2013 Hello experts,

Please help me regarding my doubts on interest income.

1. Where will interest income from Post Office Senior Citizen saving Scheme go? Will it go to Sch. OS 1b (interest, gross), clubbed with other bank FD and NSC interest or will it be shown as other income in Sch. OS 1d?

2. Will Sch. OS 1b (interest, gross), also include exempted savings bank interest, that is already mentioned under section 80TTA?

3. What will go under exempt interest in Sch. EI, 1? Will Savings Bank interest also come here or will S/b interest will go only under 80TTA under chapter VIA?

Thanks

24 July 2013 You have to fill at OS 1b. and Only Savings bank interest will come under section 80TTA and interest on NSC will comes under section 80C.

OM SAI SRI SAI JAI JAI SAI

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24 July 2013 Thanks for your prompt reply. Can you kindly clarify my point no. 3.

Which interest income comes under Sch. EI 1. that is exempted interest?


24 July 2013 Interest on PPF is exempt and will be shown in Sch. E1 1.

24 July 2013 Yes, Interest on PPF exempted to tax so it comes under sch EI.

OM SAI SRI SAI JAI JAI SAI


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