Tax benefit under sec 80cc

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 WHAT ARE THE TAX BENEFIT WITHOUT MAKING POLICY WE CAN GET
IS THE RD ACCOUNT IN BANK GIVE BENEFIT FOR INCOME TAX

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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18 September 2012 RD not gives the benefit for Income tax and again interest on such RD is taxable for the income tax.

NSC, Mutual Funds, Childrens tuition fees(maximum of two child only), Housing loan principle repayment,PPF,RPF,Approved Superannuation fund,Tax savings term deposit,Senor citizens savings scheme deposit.

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