Deduction under section 80C: Post Office five year time deposit qualifies as an eligible investment for deduction.
Contributions to the Post Office five year time deposit scheme are eligible to be claimed as a deduction under section 80C, and may be included among other specified investments such as life insurance premiums, deferred annuities and provident fund contributions, subject to the overall limits and conditions applicable to 80C deductions.
Note: It is a system-generated summary and is for quick reference only.