Income from gold harvest scheme

Hello Frnds,

                  Can u help me to slove this query: Mr. X has invested in  Gold Harvest scheme Rs. 5,000/- per installment for 11 instalments and he has received bonus of 1 installment i.e 12th is it eligible for deduction under Income tax act as it is part of saving scheme or it will be taxable under Income form other source?

Regards,

Krishna