Tax Saving Tips
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Sukanya Samriddhi Yojana: How to Build a ₹50 Lakh Fund for Your Daughter
The Sukanya Samriddhi Yojana (SSY) currently offers an attractive 8.2% interest rate for the girl child. By investing approximately ₹1.5 lakh annually, parents can accumulate a corpus exceeding ₹50 lakh by the time the account matures.
Save Tax on Your Child’s Education: Section 80C and Allowance Benefits Explained
Indian parents can reduce their tax liability by claiming deductions on school tuition fees and specific employer-provided education allowances. These benefits cover both school fees under Section 80C and additional exemptions for hostel expenses.
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