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Post office mis scheme

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(Querist)
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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 December 2015 80 C is not permitted for MIS. Interest is taxable. No deduction is allowed against the said interest.
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Dipankar Chakraborty

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