POSTED BY July 17, 2014 10:57 pm ONE COMMENTON
I’m a govt. employee and my net taxable income is 4.70 lakh on which full tax has been paid.Besides this, I’ ve some FDs also on which TDS @ 10% has also been deducted by the bank.
Now pl. tell me, whether I’m supposed to show income of FDs which is about 46ooo/- in ITR. If so, whether my net taxable income will be treated at 5.17 lakh(4.70+0.46) and am I to pay incime tax @20% on amount inexcess of 5.00 lakh. What is to be shown in income col. in ITR