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Monday, March 12, 2012

Postal Deposits come under Section 80C of the Income Tax Act-1961


SN
Plain Type
Interest
Min. Investment
Max. Investment
Future
1
NSC-5 Years
8.25
100
No limit
NO TDS
2
NSC-10 Years
8.7
100
No limit
NO TDS
3
Time Deposit
7.70-8.30
200
No limit
Available 1to 5 years
4
Senior Citizen Saving Scheme
9
1000
1500000
5 years tenure, Minimum age 55
5
Public Provident Fund
8.6
500
1 Lakh Per Year
15 Years term,Tax Free returns


source :http://aipeukoraputdivision.blogspot.in/ : http://www.caclubindia.com

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