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Tax deduction for Sukanya Samriddhi Yojana

Tax deduction for Sukanya Samriddhi Yojana

Thursday, November 30, 2017, 12:03 PM

Parents or a legal guardian of a girl child can open this account till she attains the age of 10 years. The investment up to Rs 1,50,000 in Sukanya Samriddhi Yojana is allowed for deduction under Section 80C. This scheme gives higher interest than other fixed investments and enjoys triple E status, which means investments, interest earned and maturity amount is not taxable.
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