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Post office mis scheme

This query is : Resolved 

17 December 2015
Sir, I have a MIS in post office of Rs. 3,00,000 /-. Can I avail deduction u/s 80c for this investment. If yes then how much amount I will get deduction?

The interest which I withdraw monthly Will it taxable in my hand? Is any deduction available for this?

Please help me.

17 December 2015 80 C is not permitted for MIS. Interest is taxable. No deduction is allowed against the said interest.

17 December 2015 MIS is the 5 years time deposit. So, 80c not give permission for deduction?




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