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income tax rebate
what is the minimum amount fixed for income tax rebate under 80c.will i get rebate for one year fix deposit?
Replies (2)
No min. limit as per IT act, but different banks have their own criteria.
But 1 yr. FD not eligible for 80C deduction.
No you cannot get deduction for one year fixed deposit and the maximum amount of deduction u/s 80c is 1.5 lakh
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