Social Sciences, asked by vikasumi, 4 months ago

importance of rd on post office

Answers

Answered by sureshkondamuri414
1

Answer:

The Post Office RD account is exempted from tax deductions under Section 80C of the Income Tax Act and individuals can claim up to Rs. 1.5 lakh per annum as tax exemption under this section. ... The account holders will be required to pay tax on the interest amount as per the income tax slab.

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