In ITR2 form, in schedule EI, interest income field is there?


Question:
so... what is expected to fill in there?

interest frm my savings bank account? is that tax free?

please help.

Answers:
certain interest income like interest from PPF account is exempt from tax. You are required to furnish such interest income in this coloumn of schedule EI.
Interest earned on Bank deposits including saving bank interest is subject to Income tax and should not be shown in Schedule EI.
It should be shown as Income from Other sources in the Interest coloumn.

I hope this is OK .

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