Fixed deposit
This query is : Resolved
22 November 2011
tell me if Fy 2010-11.I do one FD Rs 100000/- for five year.so in this FY how much i can take deduction in 80C.can i take full amount deduction.
22 November 2011
If its tax saver FD, then you can claim the whole 100000/- in FY 2010-11 under section 80C.
22 November 2011
You need to remember that the interest earned on the above FD is taxable as per the annual Form 16A / interest certificate issued by the bank.
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