senior citizen tax saving scheme

Singh Kamboj (409 Points)

08 August 2019

what is senior citizen tax saving scheme,. how can save in this scheme, tax dealing, rebate.

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Om Goyal (445 Points)
Replied 08 August 2019

this is tax saving & 5 year inv scheme thr po & banks, Int is 8.4%. - 8.5%
tax rebate u/80-C up to 1.5 L allowed

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Kapadia Pravin (17264 Points)
Replied 08 August 2019

The scheme name is Senior Citizen Savings Scheme. interest is paid quarterly but it subject to TDS provisions. interest is taxable.

subhagan sreerangam (7056 Points)
Replied 11 August 2019

good clarification and information

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Singh Kamboj (409 Points)
Replied 12 August 2019

after maturity the above said amount is taxable or not

Om Goyal (445 Points)
Replied 12 August 2019

principal is not taxable

but Int. taxable annually pl

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Singh Kamboj (409 Points)
Replied 12 August 2019

ok sir thanks j

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