The customers' by openig and investing in the Tax Saver Deposit Account Scheme in a Bank would get benefit under.

Options

A. Sales Tax
B. Customs Duty
C. Excise Duty
D. Income Tax

Explanation

In the Finance Act 2006, Section 80C of Income Tax Act 1961 was amended to include deposits placed with a scheduled bank to quality for dedcution under 80C. The amount of investment up to 1,50,000 under the notified deposite scheme will be eligible for deduction under Sections 80C of Income Tax Act for individuals/ Hindu Undivided Families.