Tax Saving Scheme: Save income tax on investment, this post office scheme is double beneficial

Post Office Tax Saving Scheme: Although there are many investment options available in India, even today many people prefer to invest in the Post Office Small Saving Scheme. There are many such small savings schemes of the post office, which provide the benefit of tax saving along with high-interest rates. If you want to get the benefit of tax savings in the financial year 2023-24, then you have the last chance to invest today. Know in which post office schemes you are getting the benefit of tax exemption by investing.

1. Public Provident Fund

PPF i.e. Public Provident Fund (PPF) is such a scheme, by investing in which you can avail the benefit of high-interest rate as well as tax savings. Under this scheme, you can invest Rs 500 to Rs 1.50 lakh every financial year. You can invest in this scheme for a total of 15 years. On investing in PPF scheme, investors get a rebate of Rs 1.50 lakh under Section 80C of Income Tax. Under this scheme, the post office is offering 7.1 percent interest on the deposited amount to the customers.

2. Senior Citizen Saving Scheme

Senior Citizen Saving Scheme (SCSS) is a great investment option for senior citizens. In this scheme, any citizen above 60 years of age can invest from Rs 1000 to Rs 30 lakh. This is also one of the tax saving schemes of the post office, in which you get a rebate of Rs 1.50 lakh under Section 80C of Income Tax. By depositing money under the Senior Citizen Savings Scheme, you will get the benefit of an 8.2 percent interest rate.

3. National Savings Certificate

The National Savings Certificate (NSC) is also one of the popular schemes of the post office. By investing in this scheme, you are getting a rebate of Rs 1.50 lakh under Section 80C of Income Tax. The post office is offering 7.7 percent interest rate on this five-year scheme.

4. SukanyaSamriddhiYojana

SukanyaSamriddhiYojana (SSY) is one of the most popular schemes of the government, which has been started especially to make girls self-reliant. Under this scheme, you can open an account in the post office for your daughter up to 9 years of age. At present, under this scheme, the government is offering interest at the rate of 8.2 percent. By investing under this scheme, you get a rebate of Rs 1.50 lakh under Section 80C of Income Tax.

5. Tax Saving FD

Like banks, the post office also offers tax-saving FD schemes to its customers. By investing in this 5-year scheme, you can avail the benefit of 7.50 percent interest rate annually. You can invest any amount in the post office time deposit scheme from Rs 1000 to multiples of Rs 100. Under this scheme also you get a rebate of Rs 1.50 lakh under Section 80C of Income Tax.