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Deduction of interest on tax saver fd

This query is : Resolved 
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(Querist)
29 August 2013 Please clarify that interest on tax saver FD is also eligible for deduction under chapter VIA
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 August 2013 No. Interest on Tax Saving FD is not eligible for deduction u/s 80C and also it is not Tax Exempted. So you have to pay Tax on Interest earned on Tax Saving FD and also you can not claim Interest amount as deduction u/s 80C treating this as amount reinvested.
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