OFFICE MEMORANDUM
Government of India
Ministry of Finance
Department of Economic Affairs
F.NO. 2/3/2014.NS-II, DATED 20-1-2015
Subject: Launch of scheme for Girl Child named “Sukanya Samridhhi Account” by Hon’ble Prime Minister – rate of interest reg.
In compliance of announcement by Finance Minister in his Budget Speech 2014-15 the Government of India has introduced a new scheme named “Sukanya Samridhhi Account” vide Notification No.GSR No.863(E), dated 2nd December, 2014. It has been decided to allow 9.1% rate of interest on investments in the scheme during the financial year 2014-15.
This has the approval of Union Finance Minister.
(Rajendra Kumar Thakur)
Under Secretary to the Govt. of India
Sir this date 11/5/2002 can eligibl to sukanya yojane sir
Mr. Shashang and all, please note that the interest earned under this scheme ALSO EXEMPTED FROM TAX. Pl. read your link carefully.
Mr. Shashang and all, please note that the interest earned under scheme ALSO EXEMPTED FROM TAX. Pl. read your link carefully.
https://taxguru.in/income-tax/sukanya-samriddhi-account-tax-benefits.html
Comparison with PPF in respect of Tax Benefit- under PPF Scheme interest earned is tax free but interest earned on Sukanya Samriddhi Account deposit is taxable. Investment in Both PPF & Sukanya Samriddhi Account is eligible for deduction under section 80C of the Income Tax Act, 1961
whether the interest rate @9.1% is compond and also I want confirmation it will be taxable or not.
Whether interest rate is simple or compound interest?
It is obviously interest rate p.a. I hope it may covers under the benefit of 80C.
are you mad ?? who pays monthly interest of 9.1% gt brain or not
Pls tell in Sukanya Samridhi Account interest 9.1% would be payable at monthly or yearly –
Pls tell in Sukanya Samridhi Account interest 9.1% would be payable at monthly or yearly.
Pls tell if the sukanya samriddhi a/c is covered under the benefit of 80C?
Thanks