Is Monthly payment towards post office deposit available for deduction U/s 80C?. Period is 5 Years. Amount is Rs.1000 p.m
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Post office time deposit
Replies (6)
Investing in 5-year post office time deposit is allowable deduction u/s 80C.
Is Deduction available only to the person making payment?
if you are talking abour Post Recuring Deposit then No Deduction U/S 80C. only time deposit is eligible for dedution
Only 5 year time deposit is available upto limit of Rs 1 Lac
RD deduction also available u/s80c
RD is not available for Section 80 C deduction...only Time deposit is available for deduction...
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