Paragraph match score 79.4%
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Public Provident Fund (PPF):
Enjoy a deduction of up to ₹1.5 lakhs every year under Section 123 of the Income Tax Act, 2025 (previously Section 80C of the Income Tax Act,1961)
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Benefits of Sukanya Samriddhi Yojana
Significant Tax Savings: Investing in the Sukanya Yojana scheme offers numerous tax benefits. Under Section 80C of the Income Tax Act 1961 (now Section 123 of the Income Tax Act, 2025), your contributions qualify for tax deductions of up to ₹1.5 lakh annually. Tax-saving benefits extend to the interest earned and the amount received upon maturity or withdrawals.