Team Lead
7558 Points
Joined November 2011
For the purpose of salary & interest on FD's only the income earned for the period April2011-March2012 should be considered for the purpose of tax calculation & filing the return of income.
You might have received your form16 from your employer. So take the income as per form16 & show it in the Excel utility. If you have investments whihc were not declared to yoru employer for the period Apr11-Mar12, then you can consider them now while assessing your tax liability. If yoiur employer has deducted any tax from your salary for the investments that wre not declared by you to your empoyer then you would be eligible to claim refund.
Regards the interest on bank FD's ensure that you have received your Form 16A from the bank if they have deducted any tax from the interest paid to you. For this check with your bank if they have deducted tax & get the form 16A. if the bank has deducted tax on the interest paid to you then also you need to disclose your interest income in your return.
In the TDS tab for Form16 part put the salary details & TDS as per form 16. For the interest on FD's put the correct details in the Form 16A part. Ensure to enter only the gross interst amt & the TDS.
Please feel free to ask any further questions.