income from other sources

Interest earned on a savings account with post office is exempt to the extent of Rs 3,500 in the case of an individual account.

In case of a joint account, the exempted amount is Rs 7,000.  

This exemption is in terms of Notification No. SO 1296(E) dated June 3, 2011. [vide  sub-clause (i) of clause (15) of Section 10 of the Income Tax Act]

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Yes, provided any taxable interest income over and above that.....