Which ITR Should I File for Interest Income?
Interest income is generally reported under “Other sources”. For AY 2026-27, an eligible resident individual with salary/pension, qualifying house-property income and interest income may use ITR-1; otherwise ITR-2 or a business-income return may apply.
Quick Answer
In practical terms, Interest income is generally reported under “Other sources”. For AY 2026-27, an eligible resident individual with salary/pension, qualifying house-property income and interest income may use ITR-1; otherwise ITR-2 or a business-income return may apply.
Who can use the simpler ITR forms?
For a resident individual within the ITR-1 eligibility conditions, interest income can be included with salary/pension and qualifying house-property and other-source income.
What to check before choosing the ITR
If you cannot use ITR-1 but have no business/professional income, ITR-2 is generally the next form to consider. If the interest is connected with business/professional income, the business-income rules need to be examined.
When another ITR may be required
Do not choose a return form solely from the TDS certificate or bank statement. Consider every income source and every ITR eligibility restriction together.
Practical filing tip
Interest income should be considered together with your other income when selecting the ITR. Keep bank and deposit interest statements ready and check whether any other income source changes the applicable form.
Related EZTax Questions
- Who Can File ITR-1 (Sahaj) for AY 2026-27?
- Who Can File ITR-2 for AY 2026-27?
- Which ITR Should I File for Multiple Income Sources?
