Query Regarding Section 10(15)(i)

Income Tax Income from Other Sources
1

Hi, I have received interest of Rs.90,000/- from Post office Term Deposits. The same were again reinvested in new term deposits.
My query, can i show this 90,000/- in exemption u/s 10(15)(i) or shall I add this 90K to my salary and show it as income from other sources and calculate the tax liability??

2

Hi @ajj1

This amount cannot be claimed as an exemption u/s 10(15)(i). You will have to report the same under IFOS.