I have following details mentioned below, please help me calculate the total interest which i should use for filling of tax for financial yr (12-13). This is only for the interest incurred in the Saving Bank A/c I have.
S.no | Date of Deposit in Bank | Period for which interest | Amount
1 | 1-Sep-2012 | 1-Mar-2012 to 31-Aug-2012 (ICICI) | Rs.101
2 | 1-Mar-2013 | 1-Sep-2012 to 28-Feb-2013 (ICICI) | Rs.102
3 | 1-Apr-2012 | 1-Oct-2011 to 31-Mar-2103 (HDFC) | Rs.103
4 | 30-Sep-2012 | 1-Apr-2012 to 30-Sep-2013 (HDFC) | Rs.104
5 | 1-Apr-2013 | 1-Oct-2012 to 31-Mar-2103 (HDFC) | Rs.105
Which logic should we use:
1. Check the date of Interest Deposit in Bank (Easy enough )
2. Check the Period of Interest and ignore the date of deposit, In this case certain banks calculate the interest in different periods which span two financial years(ICIC Bank)
Thanks,
Rakesh