Can I claim indian post office 5 year RD under 80c.
https://www.indiapost.gov.in/Financial/Pages/Content/RD-Account.aspx
What documents I need , if I can claim under 80c.??
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Post office 5 year rd tax benefit??
Replies (2)
"Can I claim indian post office 5 year RD under 80c.?"
No 80C benefit available for PO RD account.......
| Originally posted by : Dhirajlal Rambhia | ||
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"Can I claim indian post office 5 year RD under 80c.?" No 80C benefit available for PO RD account....... |
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I got from below thread it is possible.
https://www.bankbazaar.com/recurring-deposit/tax-on-recurring-deposit-interest-rates.H T M L
Tax Exemption on Post Office Recurring Deposit Scheme
Tax exemption for your recurring deposit is only possible if you invest in RD with India Post. It should also be at least a 5-year scheme. This is possible under Section 80C of the Income Tax Act of 1961. The maximum taxable deduction can be for Rs. 1,00,000 which will all the savings investments that are eligible for tax deduction under Section 80C.
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