Interest on Savings A/c

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Hi All,

Can any one suggest me?

1. Can i claim deduction for interest on savings bank a/c from SBI, ICICI, Centurion, HDFC, ING Vysya banks ........... u/s 80L ?

2. Can i invest total Rs.1.00 lakh in ELSS mutual funds for claiming ........ 80C ?

Please advise.
Replies (1)
from this financial year viz. 2005-06 exemption available to savings deposits has been withdrawn.

yes, you can invest total 1.00 lakh in ELSS. however if it has to be done before this 31st march, it would not be a prudent financial decision

alpa


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