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Post Office savings bank account interest

12 July 2023

As per sec.10(15)(i), in addition to exemption under 80TTA, interest from post office savings account can be exempted upto Rs.3500 for individual. But in online ITR1 , where to enter this 3500, I don't know. Please help.

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13 Replies

sabyasachi mukherjee (27574 Points)
Replied 12 July 2023

In itr 1 under chapter via

1 Like

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 12 July 2023

Scheule EI Others

1 Like

ramdoss m (122 Points)
Replied 12 July 2023

Originally posted by : sabyasachi mukherjee
	In itr 1 under chapter via

Thank you sir

ramdoss m (122 Points)
Replied 12 July 2023

Originally posted by : Dhirajlal Rambhia
	Scheule EI Others

Thank you sir

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 12 July 2023

You are welcome.

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Cs26kit (Mr. ) (114 Points)
Replied 12 July 2023

Originally posted by : sabyasachi mukherjee
	In itr 1 under chapter via

Is the exemption available in ITR-1 (Online)? If yes, where. Thanks.

Cs26kit (Mr. ) (114 Points)
Replied 12 July 2023

Originally posted by : Dhirajlal Rambhia
	Scheule EI Others

Schedule EI is in ITR-2, right? How can we mention this exemption in ITR-1 (Online)?

Thanks.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 12 July 2023

Part C.... Last column .....

Exempt Income: For reporting purpose .... Drop down provided in e-filing utility mentioning nature of exempt income, relevant clause and section ....

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Cs26kit (Mr. ) (114 Points)
Replied 13 July 2023

Originally posted by : Dhirajlal Rambhia
	Part C.... Last column ..... Exempt Income: For reporting purpose .... Drop down provided in e-filing utility mentioning nature of exempt income, relevant clause and section ....

Thank you. So, as I had guessed, it is only available in offline utility for ITR-1 & not available in online form.

This sucks, Why would they overlook such a common deduction in ITR-1 (Online)!

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 13 July 2023

We generally prefer offline, whereas the query is also based on offline utility.

I don't think the column would be missing in online utility.

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ramdoss m (122 Points)
Replied 13 July 2023

Originally posted by : Dhirajlal Rambhia
	We generally prefer offline, whereas the query is also based on offline utility. I don't think the column would be missing in online utility.

Sir it is missing in online filing .

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 14 July 2023

Really, shameful.

If you wish to declare the income under Exempt Income, prefer offline utility.

1 Like

Cs26kit (Mr. ) (114 Points)
Replied 21 July 2023

I found the Exempt Income section in ITR-1 (Online). Leaving it here for others.

It is at the very bottom of the Gross Income Section. You can select "Others" in the Exempt Income Section & then mention how Post Office SB Interest income can be exempted and under which section.