Reporting tax free bonds in schedule ei of itr-2

kallu (Software Engineer) (113 Points)

21 July 2013  

I believe that Interest from tax free bonds interest should be reported as exempt income in schedule EI of Indian income tax return.

1) Does anyone know if it should be declared as interest income or dividend income?

2) Do these incomes raise the tax bracket of the taxpayer?

Thank you for your time.