Post office arrangement: There are many opportunities to invest in the future. At the same time, post office schedules are very popular with them. Investing in the post office scheme yields bumper returns. As we see, there are many such schemes today, from PPF to term deposits, in which the option of tax savings is available. Here we are going to talk about 5 such schemes today, in which better returns are available and tax exemption can also be taken under Section 80C of the Income Tax Act. Please let us know about these arrangements.
Post office arrangement
PPF
PPF is a long-term plan and offers an interest rate of 7.1 percent. The duration of this scheme is a maximum of 15 years. At the same time, an annual exemption of up to 1.5 lakhs can be taken under Section 80C of the Income Tax Act.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) was launched especially to empower the girls of the country. This is especially for girls from 10 years old. The money can be withdrawn when the girl is 18 years old and then the full amount can be withdrawn at the age of 21. It gets interest at the rate of 7.6 percent. It allows you to save up to 1.5 lakh annual tax.
Savings scheme for seniors
One of these special schemes is the Senior Savings Scheme. 8 percent interest is available through this scheme. At the same time, you can get a tax exemption of up to 1.5 lakhs. In this, the investment limit has been increased to 30 lakhs.
Time Deposit Scheme
You can invest in the term deposit for a maximum of 5 years. It gets interest at the rate of 7 percent. You can get a tax credit of up to 1.5 lakhs through this scheme.
National savings certificate
The National Savings Certificate (NSC) scheme can start with Rs.1000. It gets interest at the rate of 7 percent. Under the Income Tax Act section, you can save up to 1.5 lakhs in tax.
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