Paragraph match score 82.5%
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How Much to Invest?
Tax Benefits of Child Plans
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What are the Key Benefits of Child Plan Investments?
Tax Benefits: Premiums paid for child plans are eligible for deductions. Section 80C is popularly known for offering a ₹1.5 lakh tax exemption on overall investments, but only under the old tax regime, not the new one. The maturity proceeds are tax-free under Section 10(10D) , which is again, subject to prevailing tax laws.