IS 80C APPLICABLE ON SENIOR CITIZEN SAVING SCHEME? CAN WE CLAIM DEDUCTIONS FOR DEPOSITS IN SCSS.

- rakesh gupta | 684 days ago

Answers(1)

  • A
    Akshit Girhotra
    684 days ago

    Senior Citizen Saving Scheme (SCSS) is a government-backed scheme and one of the safe investment options for senior citizens. It is clubbed with decent returns and tax benefits. The amount invested in the SCSS plan is eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Investors can claim a maximum of Rs. 1.5 lakh by submitting the required proof while filing the income tax returns. It must be noted that the tax exemption is available only under the old regime and In ca

    ...Read More

Post an answer now