I am having fixed deposit of 1 lacs and it is for 5 Years FD (tax saver fds). The interest exceeds 10k/Year and the bank is deducting TDS on an yearly basis. Lets say total interest earn is Rs. 15000 through FD, and bank deduct TDS and issue certificate to me . My question is, In ITR-1, under column 2b, how much amount i have to enter Rs. 5000 or Rs. 15000, because Rs. 10000 is exempted and in ITR-1, they said, put exempted amount in field no 25. So is it correct if I put Rs. 5000 under 2b and Rs. 10000 under 25, (In other words only Rs. 5000 more income added to my salary income.)
(Just for info. I am salaried emp so eligible for itr-1. I want to know how to add my interest income because i want refund that TDS amt deducted by bank as my total salary below tax limit.
vikas
CAclubindia
