03 March 2023
Sir, I would like to know whether 5 Year TD in P.O. ( Int. paid yearly ) is allowable for deduction u/s 80 C . Then it is also understood from the Post Master that there is no need to submit Form 15 G / 15 H for 5 Years TD of P.O. . Is it correct ?
03 March 2023
Yes, the investment under 5-year TD qualifies for the benefit of section 80C of Income Tax Act, 1961, provided you do not pre-mature it. Post offices that are digitized deduct TDS and accept Form 15G or Form 15H, if you meet the conditions applicable for submitting them.
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