Post Office Scheme: If you want to get tremendous returns on investment then these post office schemes are the best...


Most people save some part of their income and invest it so that they can get the benefit of return on savings. After retirement, the return on investment becomes the source of income. If you also invest in the Post Office or any other saving scheme for tax saving, then this news is useful for you. In such a situation, it is important for you to know that you do not get tax benefits on all investments made in the post office.


Actually, many such investment schemes have been started by the government, on which you get good returns but you do not get tax benefits on investment under Section 80C of the Income Tax Act 1961. Let us talk about such schemes in detail-

Mahila Samman Savings Scheme (Mahila Samman Savings Certificate)
Mahila Samman Savings Scheme 2023 (Mahila Samman Savings Certificate) of the Government of India is a small savings scheme especially created for women. The purpose of starting this scheme is to develop the habit of saving among Indian women. There is no age limit to avail of the benefit of the scheme but it is necessary for you to live in India. There is a tax on the interest received in this scheme. It simply means that you will not get any exemption on this like tax saving FD. TDS will be deducted from the interest received from the Mahila Samman Saving Scheme depending on the tax slab (tax category) of each person and the interest income.

National Savings Time Deposit Account
You can open a time deposit account (National Savings Time Deposit Account) in the post office for one, two, three, or five years. If you want, you can increase this period further later. For this, you will have to fill out a form at the post office. For your information, let us tell you that 6.9% interest is available on this account for one year, 7.0% for two years, and 7.1% for three years. Under this, you can get income tax exemption on time deposits of five years in the post office. Under the Income Tax Act 1961, tax exemption is available on investments up to Rs 1.5 lakh on a time deposit of five years. But it is not available for an investment less than this.

National Savings Recurring Deposit Account
In this (National Savings Recurring Deposit Account) Guaranteed Scheme of Post Office, you get interest of 6.7% on an annual basis for 5 years. In this, you also get the benefit of compound interest every year. The special thing about this scheme is that you can open an account either alone or together. The good thing about this is that you can take advantage of this scheme by depositing at least Rs 100 or it's multiple every month. There is no limit on deposit in this.

Kisan Vikas Patra
Let us tell you that even on Kisan Vikas Patra (Kisan Vikas Patra), you will not get an exemption in income tax. Many people are confused that they get tax benefits on investments made under this. The annual interest on the amount deposited in Kisan Vikas Patra is taxable as 'Income from other sources'. The good thing is that TDS is not deducted from the money withdrawn after maturity. However, despite not getting tax exemption, Kisan Vikas Patra is definitely a safe investment option.


Post Office Monthly Income Scheme
If you are thinking of investing in the post office, then the Post Office Monthly Income Scheme (MIS) can be a good option for investment. You can invest in it starting from Rs 1,500 to a maximum of Rs 9 lakh. You can invest up to Rs 15 lakh in a joint account. You will get 7.4% interest every year, but it is taxed. This investment does not come under Section 80C of the Income Tax Act 1961. TDS is deducted on interest more than Rs 40,000, for senior citizens the limit is on interest more than Rs 50,000.

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