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Interest on savings bank Salary account

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(Querist)
21 December 2021 Hi All,

I receive a salary from private company monthly around one lakh. i am i the job for past ten years. the salary income received is already subject to tax. now my savings after these many years is around 35lakhs for which bank is paying me savings bank interest which comes to around INR 85,000. whether i need to declare the same in the ITR and pay the tax which is already taxed by my company.Kindly suggest
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
21 December 2021 YES, YOU NEED TO DECLARE INTEREST EARNED IN SAVING ACCOUNT, UNDER INCOME FROM OTHER SOURCES. IT IS NOT TAXED BY YOUR COMPANY.
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