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B
– Total amount of investment
is free from Wealth Tax under Wealth Tax Act
C
– Investment (with other
specified investments) is free from Wealth Tax.
D
– Total Deposits upto Rs.
60,000 along with other specified securities in a year, qualify
for tax deduction under section 88 of the income tax act.
E –
Interest ( including interest on other specified investments)
is free from income Tax upto a ceiling of Rs. 12,000 /- under
section 80-L of the Income Tax Act.
F
– Interest accrued annually
in National Savings Certificates (VIII Issue) in eligible
for deductions under section 88 of Income Tax Act.
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