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80C


1. monthly deposit of 14k towards Post office 5 years RD scheme is covered u/s 80C? Term depoist i know is covered but not sure about RD (Recurring deposit) 2. interest accrual to be taxed annually ? if yes, how it needs to be calculated since its not received in bank yet. 3. person will get 10 lakhs on maturity. will this be tax free? or interest part will be taxable (if not included in taxable income on yearly basis)



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