Deduction from gross total income (querry releted to section 80c)

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Neel Garg (Querist)
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19 January 2015 Question: if any person takes a life policy before the 1/04/2012 nd so he can take deduction upto rupees 20% of premium paid weather he paid 20% or excess the 20% but if he paid excess the 20% in any year then payment received at a time of maturity will be taxable or not??

Neel Garg

Neel Garg (Querist)
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19 January 2015 Question:if any person opened a five year post office a/c on 1/07/2013 (py13/14) nd intrest rate suppose 10%p.a. So in this case, intrest deduction will be allowed or not in first year of deposit ?(for the period july to march)

Rupesh Jain

Rupesh Jain (Expert)
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20 January 2015 when you get the amount from the insurance company the tds will dedcutable u./s 194DA @ 2%. if your premium amount more than 20% .

Rupesh Jain

Rupesh Jain (Expert)
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20 January 2015 intt on fdr will be taxable there is no exemption from tax

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