Correctly Reporting Income from Savings Bank Interest: Even seemingly small amounts of interest earned on savings bank accounts must be reported in your Income Tax Return under "Income from Other Sources." While there's a deduction available under Section 80TTA (up to ₹10,000 for individuals below 60 years) and Section 80TTB (up to ₹50,000 for senior citizens) for such interest, the g... https://nipunhub.com