80c deduction

If it's a tax savings FD of SBI, a maximum deduction of Rs.1 lakh can be claimed u/s-80C for the A.Y. 2014-15, provided it shouldn't be withdrawn before 5 years due to its lock in period criteria.

Agreed with above reply .

nothing is mentioned in the FD certificate whether it is tax saving or not. 

@ Arundhati Raychaudhuri : Ur relative has to confirm whether the FD is tax saving or not from the bank officials of SBI.. Hope ur doubt is cleared now arundhati ji..

@ Arundhati Raychaudhuri : Ur relative has to confirm whether the FD is tax saving or not from the bank officials of SBI.. Hope ur doubt is cleared now arundhati ji..

Hi,

Reagrding form 16. HRA and Invertment are not deducted from my form 16. so Tax has deducted becuase of that.

So in that case, Which ITr form i have to fill and what all the document proof i have get and send.

Please reply. Thank you very much in Adv. !

Maximum Up to Rs.1 Lakh if elegible U/s 80C

@ Pooja Kaim : Deduction u/s-80C is available on payment or invetment(s) made every year & not during the whole lock in period. Like if u have made investment in tax savings FD which have 5 years lock in period, u can claim deduction u/s-80C for the first year only & not in all the five years. Similarly in life inusrance policies, u have to pay the premium every year to claim deduction in each year & even after 2 years of lock in period, u can claim the deduction provided u continued ur premium payment..