This is the tax saving government scheme giving the highest returns, know how much it will benefit

Best Tax Saver Schemes India 2022 : If you want to invest your money without risk, then you can invest in government schemes. In this government schemes, you will get good returns, as well as you can also do tax saving. We are going to tell you about National Pension Scheme (NPS), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS) in this news. In this, investors get guaranteed returns and tax saving facility.

Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) of the post office has been made keeping in mind the future of the daughter. Parents can open Sukanya Samriddhi Yojana accounts on behalf of their girl child below the age of 10 years. This scheme is offered an interest rate of 7.6 per cent per annum. It can be opened with a minimum deposit of Rs 250 and a maximum deposit of Rs 1,50,000. Deposits can be made for 15 years after opening the account.

Senior Citizen Savings Scheme
Senior Citizen Savings Scheme (SCSS) When it comes to saving money in old age, this small savings scheme is a popular investment option among NPS and PMVVY. It is for senior citizens, retired civil servants who are above 55 but below 60 years of age and retired military personnel above 50 years but below 60 years of age, they can open a SCSS account .

Eligible investors can deposit the amount in the Senior Citizen Savings Scheme (SCSS). In this, the minimum deposit amount is Rs 1,000 and maximum 15 lakh or the amount received on retirement can be deposited. A Senior Citizen Savings Scheme matures after 5 years from the date of account opening. The account holder has the option to extend it for 3 years. SCSS is one of the most profitable investment options due to the interest rate of 7.4 per cent per annum. This is the best especially as compared to traditional investment options like FDs and savings accounts.

National Pension Scheme
National Pension Scheme (NPS) is a retirement savings scheme. In this, all deposits made in PPF are deducted under section 80C of the Income Tax Act. Customers can contribute a minimum of Rs 6,000 in a financial year. It is paid in lump sum or as monthly installments of minimum Rs 500. The current interest rate range of NPS is 8-10 per cent on the contribution made.

Public Provident Fund
Public Provident Fund Scheme is a very good scheme. In this you get tax exemption. You can also invest in this scheme for yourself and your minor children. A PPF account can be opened with a minimum investment of Rs 500 and a maximum of Rs 1.5 lakh (annual) for investment in this scheme. Its maturity period is 15 years. The interest rate offered on PPF is 7.1 percent per annum. This will be notified by the Finance Ministry every quarter. Therefore the interest rate may change.

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