What are the sources of interest income which should be reported in the Income tax return?

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• Interest

  Any interest income received from saving bank account, FD/RD, income tax refund or any other mode. You can avail the benefit of Rs 10,000 U/S 80TTA from saving bank interest if age is below 60. If you are a senior citizen u can avail the benefit of ...

• Sources of Income

  Select your sources of income from the given options. We will decide your ITR as per the selections made by you.

• My total income for the year is below the tax limit. Can I avoid TDS on my interest income?

  Yes, you can avoid TDS on your interest income if your total income is below ₹2,50,00 (below the taxable limit). By submitting self-declaration form 15G (below 60 Years) and 15H (60 years and above) exemption on TDS can be claimed.

• Does filing Form 15G/Form15H mean that my interest income is not taxable?

  Form15G/Form15H is only a declaration that no TDS should be deducted on your interest income since tax on your total income is nil. Interest income from fixed deposits, recurring deposits, and corporate bonds is always taxable.

• Foreign Income

  Income earned in form of salary, house property capital gain or other sources from the foreign country. DTAA- (Double Tax Avoidance Agreement) It is an agreement signed between the two or more countries to help taxpayers avoid paying double taxes. ...