What is Sukanya Samridhhi Yojana?
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 child’s
education/marriage expenses. It fetches high interest rates and tax benefits
under section 80C.
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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.
Investment
Investments are expenses that the taxpayer acquires during the year that are subtracted from his gross income. You can avail the benefit of Rs 1,50,000 U/S 80C+80CCC+80CCD(1) 80C = LIC, PF(Provident Fund), PPF(Public Provident Fund), EPF(Employee ...