Saving Bank A/c Interest income around 25,000 in FY 16-17, I didn't disclose to the employer.
1) Interest Income comes under Other sources head
2) How to get the 80TTA benefit of 10,000?
3) For filing Where I can show the 25,000 Interest Income and 80TTA in ITR-1,
Thanks
kesavan
In 80TTA s.no 5 (r) in green cell fill 25000 but system will calculate 10000
Take this 25000 along with other income in s.no 3 green cell
Thanks for your valuable suggestion
Whatever savings bank interest is there -one should take on income side as well as deduction side. Only Rs 10000 is eligible for deduction u/s 80TTA
Pls advise me which amount I can take for Filing - IRT 1?
1. Form 26 AS - Bank Interest paid - 25000 INR (TDS - 2500)
2. Bank Statement Bank Interest Credited - around 40000,
Note: Not able to get the Interest Certificate from Bank online (no proper response from Bank).
tks.
You need to take 40000 income as other income.
See the savings bank (not FD) interest and put it in 80TTA
CAclubindia
