ITR 1: Details for showing Exempt Income

This query is : Resolved

Quick Summary

In ITR-1, interest on tax-free bonds can be reported under Section 10(15). Since PPF interest under Section 10(11) may not appear in the dropdown, taxpayers may use the closest available exempt income option if they wish to disclose it, as no specific field is provided.

Ramadevi Srinivasan

Ramadevi Srinivasan (Querist)
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04 July 2026 While filing ITR 1, want to show interest on tax free bonds and Interest on PPF.
Till last year, we had selected 'Others' from the drop down box under the nature of exempt income and shown in description box under others, as Interest on Tax Free Bonds and Interest on PPF respectively. This year, the nature of Income has different kinds of drop downs - the drop down of 'Other Income' has specific narrations none of which match these items. So I tried to select Interest on Specified Investments, which does have a drop down items of Exempt under Section 10 (15)..can we select this for interest on tax free bonds and similarly what to select for PPF Interest?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 July 2026 While Section 10(15) covers various government bonds and securities, Public Provident Fund (PPF) interest and maturity proceeds are specifically exempted under Section 10(11). The Public Provident Fund operates under the highly favorable EEE (Exempt-Exempt-Exempt) tax status, which means you may not declare the interest when the specific section is not available in ITR.

Ramadevi Srinivasan

Ramadevi Srinivasan (Querist)
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04 July 2026 Thanks for your prompt reply. As I understand from your reply, I may show the interest on tax free bonds under Section 10 (15).
However, interest on PPF is exempt under Section 10 (11) and this section does not appear in the dropdown. But we have always been showing the PPF interest income under exempt income category of others and in description inputting as PPF Interest. Would it not be wrong to avoid showing this year - as I understand all exempt income has to be mandatorily declared under the Exempt Income Section.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 July 2026 If you wish to declare it, this year you may add both interests and declare it u/s. 10(15) itself. No other option.

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