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   What are the tax benefits provided by Sukanya Samriddhi Yojana?

   • Following tax benefits are provided to those enrolled in the SSY scheme:- Sukanya Samriddhi Yojana qualifies for exemptions up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. Also, 80C deductions are not applicable if you choose the new regime. The interest accrued on the maturity of the deposit is tax-free.

   Sukanya Samriddhi Yojana (SSY)-Income Tax Benefits, Interest Rate 2023

   tax2win.in/guide/sukanya-samriddhi-yojana-income-tax-benefits

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   Is Sukanya Samriddhi Yojana a good investment?

   • Sukanya Samriddhi Yojana is a reliable investment choice that offers huge tax benefits. This scheme comes under the EEE format, i.e., Exempt-Exempt-Exempt. Tax benefits ensure that investing in the SSY scheme doesn’t burden a family's wallet. Following tax benefits are provided to those enrolled in the SSY scheme:-

   Sukanya Samriddhi Yojana (SSY)-Income Tax Benefits, Interest Rate 2023

   tax2win.in/guide/sukanya-samriddhi-yojana-income-tax-benefits

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   Is Sukanya Samriddhi Yojana tax free?

   • Sukanya Samriddhi Yojana qualifies for exemptions up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. Also, 80C deductions are not applicable if you choose the new regime. The interest accrued on the maturity of the deposit is tax-free. The interest is compounded annually.

   Sukanya Samriddhi Yojana (SSY)-Income Tax Benefits, Interest Rate 2023

   tax2win.in/guide/sukanya-samriddhi-yojana-income-tax-benefits

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   Is Sukanya Samriddhi taxable?

   • Currently, SSY offers the highest tax-free return with sovereign guarantee and comes with the exempt-exempt-exempt (EEE) status. The annual deposit (contributions) qualifies for Section 80C benefit and the maturity benefits are non-taxable. Can Sukanya Samriddhi account be opened in the name of an NRI girl child?

   Sukanya Samriddhi Yojana (SSY): Tax benefits, Interest rate

   economictimes.indiatimes.com/wealth/invest/sukanya-samriddhi-yojana-ssy/articleshow/89632078.cms

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2. cleartax.in › s › sukanya-samriddhi-yojanaSukanya Samriddhi Yojana (SSY) - Interest Rate 2024, Tax ...

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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.

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     NPS Vatsalya Vs MFs Vs SSY: Which one to choose for your child's future?

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4. taxguru.in › income-tax › sukanya-samriddhi-yojanaSukanya Samriddhi Yojana And Tax Benefits - Tax Guru

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   Sep 24, 2021 · WHAT ARE THE TAX BENEFIT PROVIDED UNDER SUKANYA SAMRIDDHI YOJANA SCHEME? The account opened under this scheme has provided under many tax benefits which is as under: 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 ...

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     Sukanya Samriddhi Yojana | Save Tax in 80C | Interest & Maturity is Fully Exempt

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6. tax2win.in › guide › sukanya-samriddhi-yojana-incomeSukanya Samriddhi Yojana (SSY)-Income Tax Benefits, Interest ...

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   May 20, 2024 · Explore the Sukanya Samriddhi Yojana (SSY) Scheme - learn about the current interest rate for 2023, discover the tax benefits it offers, and understand the eligibility criteria. Secure your daughter's future with this government-backed savings scheme desi

7. economictimes.indiatimes.com › wealth › investSukanya Samriddhi Yojana (SSY): Tax benefits, Interest rate ...

   economictimes.indiatimes.com › wealth › invest

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   Feb 17, 2022 · Tax benefits available in the Sukanya Samriddhi Yojana Currently, SSY offers the highest tax-free return with sovereign guarantee and comes with the exempt-exempt-exempt (EEE) status. The annual deposit (contributions) qualifies for Section 80C benefit and the maturity benefits are non-taxable.

   • Author: Preeti Motiani

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8. www.etmoney.com › sukanya-samriddhi-yojanaSukanya Samriddhi Yojana (SSY) - Tax Benefits & All Details

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   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.

9. www.hdfcbank.com › personal › resourcesSukanya Samriddhi Yojana (SSY) Tax Benefits Details - HDFC Bank

   www.hdfcbank.com › personal › resources

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   Sukanya Samriddhi Yojana (SSY) offers significant tax benefits, including deductions under Section 80C & tax-free interest and maturity proceeds. Keep Reading!

10. economictimes.indiatimes.com › wealth › taxSukanya Samriddhi Yojana: Save tax and get tax-free returns ...

    economictimes.indiatimes.com › wealth › tax

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    Feb 19, 2024 · Another small savings scheme that can offer you a tax-free return is Sukanya Samriddhi Yojana (SSY). Do keep in mind an SSY account can only be opened in the name of a girl child. The age of the girl child should not exceed 10 years. It also comes with a sovereign guarantee. Sukanya Samriddhi Yojana has a lock-in period of 21 years.