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Interest on recurring deposit is deducted?

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(Querist)
17 August 2013 dear sir,

can i deducted interest on recurring deposit in bank in 80C or not if it is deductabel so which section can i deducted interest?
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Prof. Bajaj

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Prof. Bajaj (Expert)
18 August 2013 Interest earned on recurring deposit is an income. So You cannot "deduct" it.

May be your asking if it qualifies for tax deduction u/s 80C. The answer is no.

Interest earned on RD is taxable and cannot be claimed for deduction u/s 80C.
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