Saving bank interest being taxed at 100% in itr2

ITR 300 views 1 replies

hi

i am filing ITR2.

my saving bank interest income is 41000

i have entered 41000 in Schedule OS against field Interest, Gross.

and, i have entered the same amount under Schedule VIA with a purpose of taking the exemption of Rs 10,000.

my tax liability should be on amount 41000 minus 10000 = 31,000

my outstanding tax should be around Rs 9500

However, the Part B - TTI calculation shows tax payable as Rs 34810/-

can you please help me as to why this is happening

even if i try any number (say 2000) in Schedule OS against Interest, Gross, i see tax payable as 100% of this amount.

regards

 

 

Replies (1)

Are you using ITR2_2018_PR2 excel version? I tried your same amounts and I am getting Rs 10000 subtracted from Rs 41000 on Part TI-TTI on Row 10,11.

Total Income Row 12 shows correctly at Rs 31000 in Part TI-TTI.

 


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