MIS UNDER POST OFFICE

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whether Mis under post office can claim tax benefit in tax ,
Replies (5)

No ....

Senior citizen can claim deduction u/s. 80TTB over interest income received from MIS (from FY 2018-19)

and plz tell me sir what about taxation on interest receive from MIS. AND MEDICAL INSURANCE DEDUCTION Is 25000 .... is this right??

MIS Interest is taxable. & Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 50,000/- for senior citizens.(AY 2019-20)

plz tell me for the AY 2018-19

MIS Interest is taxable.

& Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 30,000/- for senior citizens.(AY 2018-19)
 


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