Tax rebate on Post office MIS under section 80L

POSTED BY naveenarichwal ON September 27, 2010 10:22 pm COMMENTS (4)

Sir,

I have read somewhere that one can get Tax rebate under section 80L for monthly income received via Post Office MIS. Is It true.

4 replies on this article “Tax rebate on Post office MIS under section 80L”

  1. Hemant B says:

    Guys benefits of sections 80 L were withdrawn after financial year 2004-2005.

    Now there is no such benefit on interest earned be it Post Office Mis or FD.

  2. Manish Bansal says:

    Because section 80 L gives DEDUCTIONS IN RESPECT OF INTEREST ON CERTAIN SECURITIES, DIVIDENDS, ETC. only .

  3. Manish Bansal says:

    One Correction Deduction is on Interest not on monthly income

  4. Manish Bansal says:

    yes it is true

    U get Deduction Under 80 L for Interest on deposits under the Post Office (Monthly Income Account) Rules, 1987;

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