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Eligible amt u/s 80c

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Querist : Anonymous (Querist)
29 July 2014 Rs 1,00,000 of FD deposited, what is the eligible amt deducted under section 80C
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 July 2014 All FD not eligible for deduction u/s 80C. Only 5 years Tax Saving FD are eligible for deduction u/s 80C. Limit Rs 1 lac for FY 2013-14. From FY 2014-15 limit is Rs 1.50 Lacs.
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