What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana was launched in January as part of the Prime Minister's Beti Bachao Beti Padhao initiative. It was already eligible for deduction under section 80C upto the maximum exemption limit of Rs. 1,50,000. Which means one can invest maximum Rs. 1,50,000 in Sukanya Samriddhi Yojana with in a financial year. Now in the budget FM has proposed to make the income from the Sukanya Samriddhi Yojana scheme tax free i.e. interest earned and the maturity amount would not be taxed. Thus Sukanya Samriddhi Yojana becomes the another EEE saving scheme apart from PPF (Read: Why PPF is termed as EEE)
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