One Reply to “is interest on MIS With post office allowed as deduction u/s80?”

  1. No it is not allowed as a deduction u/s 80C of the Income-tax Act. Interest earned from MIS with post office will be included in your income under the head “Income from other sources” and taxed. Investment in NSC and interest accrued on the same and investment in PPF is only allowed as a deduction u/s 80C

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