if I am investing every year Rs
.1.50 lakh in scss scheme. shall I claim every year exception under sec 80c. please guide
3 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 02 August 2020
Yes, Investments in SCSS qualify for income tax exemption under Section 80C deduction up to Rs. 1,50,000 per financial year. So, if you are investing every year Rs. 1.50 lakh in SCSS scheme than you can claim every year exception under sec 80C up to 1.5 lakhs.
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