Post Office Saving Plans 2019 – The Indian Postal Department’s network is spread all over the country. Which provides many Saving Plans 2019 with different interest rates. Let us know that post office offers 9 Saving Plans 2019. In which you can save by investing. These are the plans. Time Deposit, Senior Citizen Saving Plan, Public Provident Fund, National Savings Certificate, and others. Those who invest in these Saving Plans 2019 He can claim the income tax deduction up to Rs 1.5 lakh in a financial year under Section 80C of Income Tax Act, 1961.
Here You Will Tell About The Post Office Saving Plans 2019 Which Provide Tax Rebate
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Time Deposit Scheme (TD)
Investment in time deposit (TD) of one year, two years and three years maturity period get 7 percent interest. A five-year time deposit gives a return of 7.8 percent. Interest is payable annually. But it is calculated quarterly. Indian Post has said. That the investment under TD of 5 years is eligible for tax benefit under Section 80C of the Income Tax Act, 1961.
Senior Citizen Savings Scheme (SCSS)
A person 60 years of age or older are eligible for this Saving Plans 2019. This plan provides an interest rate of 8.7 percent per year, which will be payable on the date of the first deposit on 31 March / 30 September / 31, and after that, interest will be held on 31st March, 30th June, 30th September and 31st December Will is payable. If the amount is more than Rs. 10,000 per year, then tax deduction at source (TDS) is deducted on the interest. Investment under this scheme is eligible for tax benefit under Section 80C of Income Tax Act, 1961 from 1st April 2007.
Public Provident Fund (PPF)
This plan provides an interest rate of 8 percent per annum, which is mixed annually. You can open an account with 100 rupees. But there is a need to deposit up to a minimum of Rs 500 in a financial year. Saving Plans 2019 Indian Post said that the amount deposited under this scheme is eligible for tax deduction under Section 80C of the ICT Act. Also earned interest is also tax-free.
National Savings Certificate (NSC)
NSC receives an interest rate of 8 percent per year. And under this, the deposit also qualifies for deduction under Section 80C of the Income Tax Act. This interest is maturity yearly. But it is payable on maturity. After five years, an NSC of up to Rs 100 for maturity offers up to Rs 146.93.