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Jul 27, 2024 · Tax Benefits of Sukanya Samriddhi Yojana. In order to encourage investments in SSY, the SSA has also been provided with certain tax benefits: Investments made in the SSY scheme are eligible for deductions under Section 80C, subject to a maximum cap of Rs 1.5 lakh.
Sep 24, 2021 · 1. Investment made under Sukanya Samriddhi Yojana Scheme is eligible for deduction under Section 80C, conditional on maximum of Rs. 1.5 lakh. 2. The interest accrued on the investment is also eligible for tax exemption. 3. The amount which will be received on the maturity or withdrawn is also exempt from tax.
Aug 9, 2018 · Sukanya Samriddhi Account Scheme is a small deposit scheme for girl child, as part of ‘Beti Bachao Beti Padhao’ campaign, which would provide income tax deduction Under section 80C of the Income Tax Act,1961 and exemption of Interest from Income Tax.
Sep 13, 2024 · Your investments towards Sukanya Samriddhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act. Deductions of up to ₹1.5 lakhs are allowed. Should you choose to invest ₹1.5 lakh in the scheme in a given financial year, the entire investment will become tax-deductible.
May 24, 2024 · Sukanya Samriddhi Yojana tax benefits. Deductions upto Rs 1.5 lakhs per year is available to the taxpayer under section 80C. Tax exemption on interest accrued every year which is compounded to maximise returns.
Jan 21, 2015 · S.O. 210(E) In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ‘Sukanya Samriddhi Account‘ for the purposes of the said clause.
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Is Sukanya Samriddhi Yojana tax deductible?
How much tax deductions can I claim for Sukanya Samriddhi?
Is Sukanya Samriddhi Account deductible under Section 80C?
What is Sukanya Samriddhi Account scheme?
You can claim tax deductions of up to ₹1.5 lakh under Section 80C of the Income Tax Act, 1961. This way, you can reduce your overall taxable income. Note that deductions under section 80C will not be available if you opt for the new tax regime under section 115BAC. Tax exemption under Section 10.
