Individuals often miss out disclosing details like interest income earned from savings bank account, fixed deposits (FDs), recurring deposits (RDs), infrastructure bonds or other sources under the head 'income from other sources'. A taxpayer is required to report all such income from investments.







The exemption under section 80TTA is only for interest on savings bank balance. Interest from other sources, such as 5-year tax saving bank FDs, is fully taxable. Interest from tax-free instruments like Public Provident Fund (PPF) and tax-free bonds also have to be reported in the return.