banner_ad

Tax free FD u/s 80C (Urgent)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 March 2011 Dear Expert,
Is the matured value of Tax Free FD, KVP or NSC is taxable under Income Tax? please explain in detail as soon possible.

Thanks,

RGS
mantu
Profile Image

K V Subba Rao

Profile Image

K V Subba Rao (Expert)
26 March 2011 In case of Tax free FD (correct term is Tax Saver FD, KVP and NSC, interest earned is subject to Income Tax

Investments made in Tax Saver FD and NSC are eligible for Deduction u/s 80C.

In case of PPF which also qualifies for Sec 80C Deduction, interest earned is also tax free.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details