If you’ve earned income beyond salary, business, or capital gains—such as interest, dividends, royalties, or gifts—these are classified as Other Incomes.
1. Navigate to the Save Section
2. Edit Tax Situation
3. Add Other Incomes
4. Choose the Type of Income
Let’s explore each category:
Report interest earned from various financial instruments, including:
Note: If the total interest exceeds ₹10,000 in a year, banks may deduct TDS @10%. But don’t worry—you can claim deductions under Sections 80TTA or 80TTB!
Earned dividends from stocks or mutual funds? Add them under the respective quarter in which they were received, along with any related expenses (like DP charges):
Received a generous gift from a loved one? Declare it under the appropriate category:
Note: Gifts from relatives are usually tax-exempt, but it’s important to report them correctly.
If you’ve earned royalties from intellectual property, include them here:
This section covers any income that doesn’t fall under the categories above:
Note: Use the “Other” option to make sure no income goes unreported—even if it’s out of the ordinary.
1. Navigate to the Save Section
2. Edit Tax Situation
3. Add Other Incomes
4. Choose the Type of Income
Let’s explore each category:
Report interest earned from various financial instruments, including:
Note: If the total interest exceeds ₹10,000 in a year, banks may deduct TDS @10%. But don’t worry—you can claim deductions under Sections 80TTA or 80TTB!
Earned dividends from stocks or mutual funds? Add them under the respective quarter in which they were received, along with any related expenses (like DP charges):
Received a generous gift from a loved one? Declare it under the appropriate category:
Note: Gifts from relatives are usually tax-exempt, but it’s important to report them correctly.
If you’ve earned royalties from intellectual property, include them here:
This section covers any income that doesn’t fall under the categories above:
Note: Use the “Other” option to make sure no income goes unreported—even if it’s out of the ordinary.
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