How to calculate post office fixed deposit income for filing itr?

Hi

I Opened an Fixed deposit on 20-07-2017 at Post Office for amount of 4 Lakhs at an Interest rate of 6.8%.

Now Fixed deposit has 8 months 10 days under FY 17-18 and 3 months 20 days under FY18-19.

Maturity was not Automatically, Instead i goto Post office on 26 March 2019 to Matured my FD. Interest earned was 27901 for FD period & 10,652 as 4% interest rate due to extended period.

Now My Question is, To File an ITR of FY18-19 How much income should i show? For the period of 3 months & 20 days with 10652 interest or The Whole amount which i got on 26-March-2019 i.e 27901+10652.

Note: Interest was Calculated quaterly and payable Yearly basis.

Replies (3)
did you disclose your income from FD for 2017-18 and claim TDS. or did you get the whole of the interest for both the years in fy 2018-19. if yes then you need to show how whole interest rec'd for both the years
Actually you may consider interest for every completed year only. interest first year on 20.7.2018 and balance for period ending 26.3.2019.
Thus your entire interest is taxable in FY ending 31.3.2019 related to AY 2019-2020.
Originally posted by : Giridhar S Karandikar
did you disclose your income from FD for 2017-18 and claim TDS. or did you get the whole of the interest for both the years in fy 2018-19. if yes then you need to show how whole interest rec'd for both the years

I got the interest of both the years at 26-03-2019 (as available in below attached image). Can you please elaborate the part "how whole interest received for both the years".

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details