Income Tax Rebate: Apart from interest, you will get this benefit on investing in these schemes of the government, check it quickly

Newz Fast, New Delhi: Let us tell you that you can claim Income Tax on your investments, earnings and other types of payments. This year you may have filed your return, but next year you can save your money. For this you must read about it.

Many beneficial schemes are run by the government for the benefit of the people. Today we are going to tell you about such a scheme, from which you will get benefit in income tax. This means that along with getting good returns from these schemes, you will also get benefit in income tax.

Let us tell you that you can claim Income Tax on your investments, earnings and other types of payments. This year you may have filed your return, but next year you can save your money. For this you must read about it.

Sukanya Samriddhi Yojana
Under this scheme, you can open an account of a girl child, let us tell you that this account can be opened before the age of 10 years. You can open this account with Rs.250 as well.

In this, interest is being given at the rate of 7.6% per annum, which is higher than the fixed deposit. A maximum of Rs 1.5 lakh can be deposited in the Sukanya Samriddhi Yojana account in a financial year.

You also get tax exemption under 80C by investing in this scheme. This account can be opened in any post office or bank.

Public provident fund
After the increase in interest rates, now PPF is getting an interest of 8 percent per annum. This is higher than the 7.1% found in the previous quarter. Talking about the benefits of tax, EEE is applicable on it.

Meaning the amount invested, the interest earned and the money received on maturity after 15 years are completely tax-free. You can get the benefit of deduction under section 80C on investment up to Rs 1.50 lakh by investing in it.

Post office scheme
You can get the benefit of deduction under section 80C of the Income Tax Act on the 5 year post office deposit scheme on investments up to Rs 1.5 lakh.

It is exactly like a 5 year FD of banks. However, you have to pay tax on the interest earned on it. At present, you are getting 6.7 percent annual interest on this.