Exemption under 80c for fy 2012-13

Savings under section 80C is restricted to Rs. 1 lakh only for the FY 2012-13.

As u have invested in FD of Rs. 1 lakh each in 2 times, it is allowable only to the extent of Rs.1 lakh.

The option for U is to premature the FD of 1 lakh and invest the same in next FY for future tax planning.

Thanks Mr. Dinesh. Hope TSS FD can be broken prematurely? I will check with bank. Best regards, RAKESH