New Delhi, July 4 -- Specific incomes are generally not included while filing the ITR due to ignorance or oversight, not deliberately. This article deals with the incomes omitted that are to be included in the ITR.

While filing the ITR, salaried people generally disclose their salary income only or provide form No. 16 to their Chartered Accountant, presuming that interest on the savings account is fully exempt. As TDS has already been deducted on fixed deposit interest, it is unnecessary to include it again in their ITR.

Though interest on a savings account is eligible for tax deduction under Section 80TTA/80TTB, even if the amount of interest on a savings bank account is less than the amount of deduction available, you are still requir...