PPF, SSY, NSC: You have invested in these schemes, then know how much will be the benefit of income tax exemption

FD, PPF, NSC and Sukanya Samriddhi Yojana are among the most popular guaranteed and safe investment options. The investment of the customer is safe in these investment schemes. Some of these investment options are also where the investor does not have to pay tax. Let us know in which popular investment options you will have to pay tax and in which you can take advantage of tax exemption.




National Savings Certificates (NSC): Investments made in NSC are also eligible for tax exemption under Section 80C of the Income Tax Act. Interest received from investment in these certificates is eligible for tax rebate. Income from investment here is virtually tax free, except for the year of maturity.

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Public Provident Fund (PPF): PPF scheme comes with EEE status. That is, there is tax benefit in three places. In this scheme, the contribution, interest income and amount received at the time of maturity, all three are tax free. The scheme provides tax benefits under Section 80C of the Income Tax Act.

Sukanya Samriddhi Yojana (SSY): Like PPF, the interest on the amount invested during maturity in this scheme is tax free. Investments made in this scheme are eligible for tax exemption under Section 80C of the Income Tax Act.




Fixed Deposit (FD): Banks deduct 10% TDS on the interest received from investing in a fixed deposit. If you fall in the higher tax bracket, you may have to pay extra tax.