Income from other sources is essentially head of income that includes all receipts that cannot otherwise be classified under any of the other heads of income such as interest on savings bank account / fixed deposit, IT refund, dividend income, pension, etc.
Here's how you can add Income from other sources:
- Navigate to Incomes Tab
- Go to Other
- Add incomes under their heads of
- Interest for interest received on the savings bank account, fixed deposit, IT refund, etc
- Exempt for PPF interest, dividend from a domestic company, etc.
- Any other for family pension, other sources, dividend from the foreign company, etc.
Note: Once you add the incomes under the fields, Quicko automatically identifies the exempt incomes and claims the deductions for you. You can review the deductions claimed under Tax Breaks tab.