Savings bank interest is income or not?
This query is : Resolved
08 November 2014
As income from savings bank interest is not taxable so should I consider it income from other than salary and if so then should I mention it in ITR filling and if I need to mention it them how will I pay the tax for it or is there any other way to handle it.
For information my savings bank interest is more than 10000 rs for current year.
For information my savings bank interest is more than 10000 rs for current year.
CMA Ramesh Krishnan
(Expert)
08 November 2014
Bank interest you can show under income from other sources. and take deduction u/s.80TTA Rs.10000
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