In the case of income tax, Exempt income refers to income which though is earned and received during the financial year is not taxable.You gettax exemption on income. The worddeductmeansto subtract or take away for the total. In Income Tax the word deduction, means the amount is taken awa...
TDS (if deducted) on the interest income should be claimed by the individual in the income tax return and should be shown in TDS section.Explained in detail inFill Excel ITR1 Form : Income, TDS, Advance Taxmeans filling information following information as shown in image below Unique TDS Cert...