Investing in this scheme of the government will increase the benefit, just have to do this work


Newz Fast, New Delhi: The government has announced some exemptions while investing in income tax. Let us tell you that many people are going to benefit because of this. Learn about its rule.

If you file Income Tax File, then this news is of great use to you. In this news you have been told that by investing in which schemes you can take Income Tax Exemption.

Yes, we are telling you about some such schemes, from which you will get benefit in Income Tax Deduction. That is, you invest in such schemes, which will also give you better returns, apart from this you do not have to deposit income tax or at least have to pay 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 more than 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 8 percent annual interest. 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. By investing in this, you can get the benefit of deduction under section 80C on investment up to Rs 1.50 lakh.

post office scheme
You can get the benefit of deduction under Section 80C of the Income Tax Act on the investment of up to Rs 1.5 lakh on a 5-year post office deposit scheme. 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 an annual interest of up to 6.7 percent on this.

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