Sukanya Samriddhi Yojana:
Sukanya samriddhi yojana is a little store operate for the young lady child actuate as a piece of the ‘Beti Bachao Beti Padhao’ battle. It is at present 8.1 for each penny and gives salary tax cut.
A Sukanya Samriddhi Account can be opened whenever after the introduction of a young lady till she turns 10, with a base store of Rs 1,000. A most extreme of Rs 1.5 lakh can be stored among the progressing monetary year.
Investments in Sukanya Samriddhi Yojana :
Sukanya Samriddhi Yojana/Scheme is a standout among the most common plot by Government of India. The plan is gone for advancement of young lady kid in the nation.
Qualification : Parents/gatekeepers can open record for the respect of a young lady youngster till she achieves the age of 10 years
Liquidity: Up to half of the store sum can be rashly pulled back once the young lady achieves the age of 18 years
Rate of Interest : Interest rate on Sukanya Samriddhi Yojana is 8.6%
Venture Limit: Investment is constrained to most extreme Rs.1,50,000 in a money related year
Assessment Treatment : Investment and withdrawals and development sum are tax-exempt.
Another advantage that you stand to get is in the form of tax saving (since the investment is allowed as a deduction under section 80C of the Income Tax Act) as you put money early in the month. In case you put Rs. 20,000 in the Sukayna Samriddhi Yojana, the amount is deducted from your taxable income, reducing your tax outgo for that month in form of TDS (tax deducted at source).