List of post office schemes that does not offer tax benefits under section 80C of Income-tax Act, 1961.Let us now take a look at each of these schemes in detail and how investments and interest earned are taxed.
Similarly, collections from the Monthly Income Scheme rose to nearly Rs 20,000 crore, compared to Rs 5,000 crore for the full fiscal year of 2023-24, stated a senior Finance Ministry official
The maximum deposit limit for Senior Citizen Savings Scheme has been enhanced to ₹30 lakh from ₹15 lakh and it has been made effective from April 1, 2023.