Post Office Scheme: Invest in Post Office Scheme to save tax, know on which schemes tax benefits are not available

New Delhi. Post office has become very popular for investment. Tax benefits are available in many of their schemes. Investors can avail exemption of Rs 1.5 lakh under Income Tax Act 80C.

Let us tell you that the benefit of tax exemption is not given in some post office schemes. Many investors are not aware of this. Today we will tell you about those post office schemes in which the benefit of tax exemption is not available.

Mahila Samman Saving Certificate

Mahila Samman Savings Certificate is small savings. This scheme has been launched especially for women. Investors can invest up to Rs 2 lakh in this scheme within 2 years. Interest is given at the rate of 7.5 percent on the investment amount. This scheme is not tax free. This means there is no tax benefit under Section 80C of Income Tax.

National Savings Time Deposit Scheme

Investors also like the Post Office's National Savings Recurring Deposit Scheme. 6.7 percent interest is given in this scheme. In this, if you invest from 1 to 3 then you do not get tax exemption.

On investment of more than 5 years, you can avail tax exemption of Rs 1.50 lakh under Income Tax Act 80C.

Post Office Monthly Income Scheme

In this scheme you get income even after retirement. For this reason this scheme is very popular. This scheme matures in 5 years. Please note that there is no tax benefit in the Post Office Monthly Income Scheme.

Kisan Vikas Patra Yojana

In Kisan Vikas Patra Scheme, the investor gets 7.50 percent interest. Guaranteed returns are available in this. Many investors like it because there is no risk. However, even in this scheme the investor does not get the benefit of tax exemption.