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deductions under 80c

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(Querist)
23 July 2011 Q:- FD more than 5 years in considerd under 80c for deductions,i want to know that whether interest earned from that FD is taxableor not?...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 July 2011 In order to avail benefit under section 80C, the FD should be covered under the "Bank Term Deposit Scheme,2006". Interest on such F.D is fully taxable.
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