Tax Planning

Income from Other Sources

Interest, dividends, gifts, and other receipts that don't fit elsewhere - all taxable, but with targeted deductions under the Old Regime.

Income from Other Sources is the tax category for everything that does not fit salary, business, house property, or capital gains. It is all taxable - but the Old Regime offers targeted deductions that the New Regime does not.

What Falls Here?
FD interest, RD interest, savings account interest, dividends, maturity proceeds of certain insurance policies, gifts above ₹50,000 in a year, lottery/gaming winnings, interest on income-tax refunds, and any other income without a specific head.
Old vs New Regime
Under the Old Regime: Savings account interest up to ₹10,000 is deductible under 80TTA (₹50,000 for senior citizens under 80TTB). Under the New Regime: 80TTA and 80TTB are not available - all interest is fully taxable at your slab rate.
TDS and Advance Tax
Banks deduct TDS at 10% on FD interest above ₹40,000/year (₹50,000 for seniors). If your marginal tax rate is higher than 10%, you owe the balance as advance tax. This calculator helps you see the full liability before filing.
Next step: Note your total taxable income from other sources. Enter it in the Income from Other Sources field of the Tax Regime Calculator to include it in your full tax picture.
Taxpayer Type:

Your Income Details

Interest Income

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All banks combined. Eligible for 80TTA / 80TTB.

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Includes RD and corporate FDs. Eligible for 80TTB (senior citizens only).

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Interest from NCDs, debentures, P2P, etc. Not eligible for 80TTA/80TTB.

Dividend Income

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From stocks, mutual funds, REITs. Taxable at your slab rate. TDS @10% if > ₹5,000 from a single company.

Other Receipts

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Cash / property gifts from non-relatives exceeding ₹50,000 in a year. Gifts from specified relatives are exempt.

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Freelance awards, lottery prizes, winnings, family pension (less ₹15,000 or 1/3 exemption), etc.

Your Tax Summary

Enter your income details on the left and click Calculate to see your taxable amount under both regimes.

Section 80TTA - Savings Interest

Non-senior individuals and HUFs can claim deduction up to ₹10,000 on interest earned from savings accounts (banks, post offices, co-operative societies). Only available under the Old Regime.

Section 80TTB - Senior Citizens

Resident senior citizens (age 60+) get a larger deduction of up to ₹50,000 on interest from all deposits - savings, FD, and RD. This replaces 80TTA and is available only under the Old Regime.

TDS on Interest & Dividends

Banks deduct TDS @10% when aggregate FD interest > ₹40,000 (₹50,000 for seniors) in a year. Dividends attract TDS @10% per payer if dividends exceed ₹5,000. TDS is not the final tax - you may owe more or get a refund at slab rates.

Gifts - What's Exempt?

Gifts from relatives (spouse, siblings, parents, children, spouse's parents/siblings), on marriage, by will/inheritance, or from a local authority are fully exempt. Other cash/property gifts > ₹50,000 aggregate are taxable at slab rates.

This calculator is for educational purposes only and does not constitute tax advice. Tax laws may change. Consult a qualified Chartered Accountant or tax professional for personalised guidance.