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Note numbers for Section 80C-5 Years time deposit under the post office

Former Member
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What is the Note number for Section 80C- 5 Years time deposit under the post office time deposit rule 1981.

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jayantvenkata
Product and Topic Expert
Product and Topic Expert
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Hello

This was the SAP note 1154295 ,refer to section 4 which talks about the same:-

4. Section 80C Deductions:

Two new schemes have been introduced under Section 80C

- Sec 80 C (2) (xxiii) : 5 year time deposit in an account under

the Post Office Time Deposit Rules 1981

- Sec 80 C (2) (xxiv) : Senior Citizens Savings Scheme Rules

2004 The above falls under the overall 1, 00,000 limit of

Sec 80C

Thanks and Kind Regards

Ramana