Post Office: You get the benefit of tax exemption in these post office schemes, you should know
Many people prefer to invest to take advantage of tax exemptions. Today we are going to give you information about some schemes of the post office, in which you will get the benefit of tax exemption by investing.
Sukanya Samriddhi Yojana is also one of them. In this, an account was opened for a girl child below ten years of age. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be invested in this post office scheme. In this, the benefit of tax exemption is available under section 80C of the Income Tax Act.
At the same time, Public Provident Fund is also beneficial. A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested in this post office scheme in a financial year. In this scheme of post office, three times benefit can be obtained including tax exemption on both interest and maturity amount.