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Web21 Sep 2024 · You can claim tax benefits of upto ₹1.5 lakh under Section 80C of the Income Tax Act on 5-year tax saving FDs. The interest earned is taxable. The Sukanya Samriddhi Yojana is backed by the government and exempted from taxes, making it better suited for long-term goals such as your daughter’s marriage or education. Web11 Apr 2024 · Tax Benefits: Principal is tax-free up to Rs.1.5 lakh per financial year u/s 80C; the interest is taxable: Principal is tax-free up to Rs.1.5 lakh per financial year u/s 80C; the … high school athletics microphones
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