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Interest on NRE account

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(Querist)
22 November 2021 Is savings bank interest earned on NRE account is taxable? If such interest amount reflected in AIS, whether the same needs to be considered?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 November 2021 No. Interest on NRE account is not taxable under IT act.
That is for information purpose.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 November 2021 Should show in tax computation sheet / ITR and claim exemption u/s 10(4)(ii), otherwise verification of ITR ,such as the particulars therein are correct and complete, becomes wrong.
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