https://www.taxtmi.com/circulars?id=8762 Deduction under section 80C(f) applies to cumulative time deposits made by an individual in the names of his wife and minor children provided the deposited amounts are from the individual's income chargeable to tax. Multiple accounts do not bar the deduction. The total eligible contribution to the cumulative Time Deposit scheme, when combined with payments like life insurance premiums and provident fund contributions, is subject to the statutory aggregate limit prescribed by the relevant provision. en-us Tue, 03 Nov 1970 00:00:00 +0530 Thu, 26 May 2011 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8762 Deduction under section 80C(f) applies to cumulative time deposits made by an individual in the names of his wife and minor children provided the deposited amounts are from the individual's income chargeable to tax. Multiple accounts do not bar the deduction. The total eligible contribution to the cumulative Time Deposit scheme, when combined with payments like life insurance premiums and provident fund contributions, is subject to the statutory aggregate limit prescribed by the relevant provision. Circulars Income Tax Tue, 03 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8762