Tax for income from two sources

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2014 Dear Sirs,

I've two income sources and I've PAN:

1. Rs. 72,000/- pa as a salary for working as play school teacher.
2. Rs. 1,80,000/- from my fixed deposits from different banks.

So my total income for the last year is Rs. 2,52,000/-

I'm getting salary directly to my bank account (Rs. 6000/- pm) but there is no payslip or TAN number for my school.

I submitted Form 15H in all the banks where i made FDs. (I have these FDs since many years and did n't filed Tax return so far)

So no tax is deducted for my total income.

Please guide me whether I should file a income tax returns? or not ?

If I have to file, how can I show my salary in the returns because I don't have any Form 16. Also I checked my Form 26s online and it's empty.

Thanks!

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 June 2014 1. yes you are required to File ITR-2

2. absence of Form 16 doesn't stop you from showing the salary. you can do so on the basis of pay slips.

3. about Rs 2266 is to be paid as tax...

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2014 Thanks for the guidance. I understood I can use my bank statement as my salary proof.

I plan to file online, can't I simply use ITR-1 instead of ITR-2 ? Please confirm.

Thanks!

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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26 July 2025 Hey! Here’s a clear breakdown for your situation:

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### 1. **Do you need to file Income Tax Return (ITR)?**

* Your total income = ₹2,52,000
* The basic exemption limit for individual below 60 years is around ₹2,50,000 (for AY 2014-15).
* Since your income slightly exceeds the exemption limit, **you should file an ITR**.

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### 2. **Which ITR form to use?**

* You have **salary income** and **income from interest on FDs** (which is “Income from Other Sources”).
* **ITR-1 (Sahaj)** is meant for individuals with:

* Income from salary/pension,
* Income from one house property (except loss),
* Income from other sources (excluding lottery and horse race), and
* Total income up to ₹50 lakhs.
* Since your income fits these criteria, **you can file ITR-1**.

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### 3. **How to show your salary without Form 16?**

* Form 16 is a certificate issued by the employer for TDS deducted.
* Since no TDS is deducted (and you don’t have Form 16), you can:

* Use your **bank statement showing salary credits** as proof of income.
* Mention salary income as per your records.

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### 4. **What about the interest income?**

* Since you submitted **Form 15H**, the banks didn’t deduct TDS on FD interest.
* You must **declare all FD interest income** received in your ITR under "Income from Other Sources."

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### 5. **Additional points**

* Since no TDS was deducted, you should pay tax on your total taxable income (if applicable).
* Filing ITR helps maintain compliance and is useful for loan applications, visas, etc.

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If you want, I can help you with a step-by-step guide on filing the ITR online or filling out the form. Would you like that?

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