There was an error on the post provided by us on "Post office term deposit" article of yesterday.
Corrected portion about "Tax":
For Post office term deposit, TDS would not be deducted. However, a investor need to show in his tax returns about "Interest" as other income. Hence finally investor need to pay income tax. Though we have indicated in our article as "TDS not deducted by Post office", we also specified that it is "Tax free" which is not correct. We have corrected now in the article.
Sorry for the inconvenience caused.