Income Tax Benefits: Tax benefits are available on these investments under 80C, see complete information here

New Delhi. Be it an employee or a businessman, everyone wants to save tax. In such a situation, we keep looking for such a scheme in which we get benefit and also there is no tax. Today we will tell you about some investment schemes under 80C, which provide many tax benefits.

We are going to talk about post office scheme. As we know the current financial year will be completed on 31st March. In such a situation, this is the right time when you should think about investment. With this you can save some tax. Here we will tell you about all those schemes which can be useful for you.

post office schemes

Many post office schemes come under Section 80C of the Income Tax Act 1961, which are safe and also give better returns. Let us know about them in detail.

Public Provident Fund (PPF)

• PPF is an investment that enables you to accumulate enough money to be paid with interest on maturity. PPF offers an annual compound interest rate of 7.1%.
• Apart from this, according to Section 80C of the IT Act, the PPF scheme gives three times the tax benefit.
• You can contribute a maximum of Rs 15 lakh in this scheme. Let us tell you that this entire deposit amount is tax free.

Sukanya Samriddhi Yojana (SSY)

• This scheme has been started especially for daughters. A father can open a Sukanya Samriddhi Yojana account in the name of his daughter below 10 years of age and after she turns 18, the girl gets the right over that account.
• In this scheme you are being given an interest rate of 7.6%. If you want to take advantage of this, you will have to deposit a minimum of Rs 250 and a maximum of Rs 1,50,000 every financial year.
• Apart from financial savings, this scheme also offers tax exemption under Section 80C of the Income Tax Act 1961.

Senior Citizens Savings Scheme (SCSS)

• This scheme has been started for senior citizens. Any person of 60 years of age or above can invest in this scheme.
• The minimum and maximum investment limits to invest in this scheme are Rs 1,000 and Rs 15 lakh respectively.
• Its five-year tenure is renewable for three years when your investment matures. Senior Citizens Savings Scheme offers an interest rate of 8% per annum on deposits.
• Once invested, the interest rate remains the same. Senior citizens can claim tax deduction under Section 80C of the Income Tax Act, 1961 for investing in this scheme.