Sec 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
sir
i want to know that payment made RD account in cop operative & schedule bank for the 5 year , the amount deposit for the year , is the exemption available under income tax act. the amount is 1725 & 1275 pm . i.e total 56700
i want to know that payment made RD account in cop operative & schedule bank for the 5 year , the amount deposit for the year , is the exemption available under income tax act. the amount is 1725 & 1275 pm . i.e total 56700
09 January 2014
no. RD is not considered as tax saver FD. however, TDS is not applicable.
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