AIS shows interest you forgot
Annual Information Statement (AIS) includes interest on deposits reported by banks and post offices. Form 16 does not include FD interest — many salaried filers only discover it in AIS.
Ignoring AIS interest lines causes mismatch notices even when tax is zero after TDS.
Where FD interest goes in ITR
Report under [other sources income](/glossary/other-sources-income) (Schedule OS in ITR-2). ITR-1 allows simple other sources if eligibility rules met.
Include:
- Fixed deposit interest (cumulative and payout)
- Recurring deposit interest
- Savings account interest (if not already elsewhere)
TDS on FD interest
Banks deduct 10% TDS when interest exceeds thresholds (unless Form 15G/15H submitted). Claim TDS in TDS schedule only if Form 26AS matches.
Seniors: Claim [Section 80TTB](/glossary/section-80ttb) up to ₹50,000 — still report full interest first, then deduction.
Reconciliation checklist
- Download AIS JSON/PDF from incometax.gov.in
- List every "Interest from deposit" line
- Match bank statements / interest certificates
- Add to return before regime comparison
- Pay extra tax if TDS insufficient
Form 15G/15H trap
Zero TDS does not mean zero tax. If interest is taxable after slabs, you owe [tax payable](/glossary/tax-payable) via challan.
Related guides
Import AIS alongside Form 16 — we flag interest lines not yet in your draft.