deduction allowe under section 80c, Income Tax

[Neeraj Kumar]

Dear sir/mam,

i have a quiry related to the the F D R  investment allowe by income tax as a dedction under Section 80C  on of tax act or NO  please provided need ful solution against my quiry

 Regards,

Neeraj kumar

Posts / Replies

[Mohana Reddy]

Dear Neeraj,

 

Normal FDR Investment is not exempted under 80c,

If u invest under 5 year lock in period FDR u may eligible for deduction under 80c.

 

Mohana Reddy