23 February 2018
Sir, My mom is a school teacher. she also earns interest income from fixed deposit during the FY 2017-2018.She have to inform her ESTIMATED income of this FY in the month of FEBRUARY to her employer for the purpose of deducting tds from her march month's salary.but the problem is, banks are providing the interest details up to February and not providing estimated amount of interest for march.so only after the month of march i will get the correct interest amount and TDS paid on it.for filling form 10E with employer, the correct income should be disclosed no?but in this case, income will vary in march due to interest... so what i can do? can i furnish form 10E in february with the present income( ie,without taking march month"s interest) to the employer and file 10E in income tax website with the same figures(as same as i gave to employer) and show additional interest earned as extra income while filing Return of income and pay extra tax at the time of filing return? please give reply as soon as possible.
26 February 2018
You may file Form 10 E with the estimated interest income for March month also. Salary income for March month mentioned in Form 10 E is also estimated, isnt it? It shouldnt be a problem