What are the tax benefits of Sukanya Samridhhi Yojana?
What are the tax benefits of Sukanya Samridhhi Yojana?
SSY enjoys full
tax exemption under 80C, i.e. the amounts deposited (up to ₹1.5lacs a year),
the interest accrued thereon and the maturity value are all tax-free.
Launched in January 2015, The Sukanya Samriddhi Yojana is a dedicated small savings scheme for the future security and prosperity of a girl child under Beti Bachao Beti padhao program of the government. The aim is to create a corpus for the girl ...
Any class of taxpayers satisfying the conditions therein is eligible for the benefits u/s 54EC of the Income tax Act. Unlike section 54 and 54F which are applicable to only individual and HUF assessees, the benefits under this section are available ...
Yes. The provisions of VRS exemption are separate from the provisions which govern the taxation of other retirement benefits like Provident Fund, Gratuity, Pension, etc. Hence, VRS amount will be tax exempt even if other retirement benefits are ...
You have to calculate the amount of tax after availing benefits of deduction u/s 89 of the Act and submit Form No. 10E online on the I-T website. You must keep your salary slip safely as proof for the arrears/advance. After submitting this form, you ...
You can claim the tax relief as per DTAA selected in foreign income. Section 90/ 90 A- DTAA is applicable. You will get the full benefit of tax U/S 90/90A Section 91- DTAA is not applicable. You will have to pay tax in the country where you are ...