Interest Recd on Maturity of Post Office 5 year RD a/c

RD A/c Maturity is taxable there is no deduction is available

 Dear Sanjay,

                        Interest of PO RD ac is taxable and no deduction U/S 80 C can be availed. I don think the entire amount on maturity will be taxable, but the interest part is.

Only the interest amount will be taxable as 'Income from other sources'...

intt amount will be txable as income from other sources...there is no ded in sec 80c bcoz if there z any 5 year time deposite wid PO then deductn vil be available for such 5 year fdr ..bt not for po RD..and such matured sum except intt vil not be taxable in any head 

Dear Sanjay,

U can not escape tax.The interest received on the recurring deposit is taxable under the head "Income From Other Sources".

The 80C deduction you are talking about is for the Amount deposited in Five Year Time Deposit Scheme in Post Office.

Conclusion:---

Interest Received at maturity is always taxable...

Amount deposited in 5 yr RD a/c will qualify for deduction in 80C...

@ Harshal In my opinion, deposit in PO RD A/c qualifies for Sec 80C deduction.

Dear Simardeep dats wat i hv opined for...

in d second line it is mentioned dat deposit in PO RD a/c will qualify for sec 80C deduction...

Pls see to it...

**Correction** I intended to say that such deposit does not qualify for Sec 80C Deducation, just missed NOT last time.