ITR Filing: If you deposit money in the post office and file Income Tax Return (ITR), then there is an important news for you. To file ITR, you need a special document called Interest Certificate. This certificate tells how much interest has been deposited in your post office account in the previous financial year or the current year.
This document is very important because without it your tax liability or tax refund calculation will not be correct. By providing correct information about interest, you can avoid tax related mistakes and get the correct refund.
How to get interest certificate?
- The good thing is that now it has become very easy to get this interest certificate. You just have to visit the post office’s internet banking website (ebanking.indiapost.gov.in).
- You can easily download the Interest Certificate by logging in there with your user ID and password.
- If you have not started internet banking yet, don’t worry.
- You should go to your nearest post office branch where CBS (Core Banking System) facility is available.
- You can start internet banking by filling an application form there.
- After this, you can download the certificate from your smartphone or computer sitting at home.
- After logging in, you will Post Office Savings Account You can easily get interest certificate related to Term Deposit (FD), Recurring Deposit (RD) or any other scheme.
- This certificate can be downloaded for the previous and current financial year.
- You can save it in PDF format and then upload it online while filing ITR or print it and submit it if required.
The benefit of this certificate
This certificate correctly reflects your interest income, which is required to be shown under ‘Income from other sources’ in the tax return.
To get the first interest certificate Post Office Earlier you had to make rounds of the post office, but now this work is done in just a few minutes. The facility of internet banking has made it so easy that you do not need to stand in long lines or go to the post office again and again. Just check your account information, login and download the certificate.
This facility is especially beneficial for those who invest in post office schemes, such as Senior Citizen Savings Scheme, National Savings Certificate or Kisan Vikas Patra.
So, if you are preparing to file ITR, first open the post office website on your smartphone and download the interest certificate. This small step can save you from the hassle of tax filing and will help you keep your refund right.
