Is Post office deposit for 5 years,eligible under 80c for all the 5years or eligible only in the FY?

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G Prathiba (Querist)
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06 September 2022 Is Post office deposit for 5 years, eligible under 80c for all the 5years or eligible only in the FY of deposit?
Also please clarify other deposit like FD, ..
Please answer my query.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 September 2022 5 Years Tax savings deposits are eligible for sec. 80C deduction of the act, only ONCE in the year of investment; and not for all the 5 years.

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