Senior citizen saving scheme is exempt

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TAX CONSULTANT
152 Points Posted on 23 June 2022
senior citizen saving scheme is exempted u/s 80C.THIS SCHEME IS 5YEARS
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On 23 June 2022 at 12:53 Report
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Quick Summary
The Senior Citizen Saving Scheme offers a valuable tax benefit, being exempt under Section 80C of the Income Tax Act. This exemption specifically applies to the 5-year tenure of the scheme. Therefore, individuals investing in this scheme for a five-year period can avail themselves of this tax-saving opportunity.

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Profession
28261 Points Posted on 23 June 2022
This scheme is exempted under sec 80C FOR 5 YEARS.
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On 23 June 2022 at 16:45
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Chartered Accountant
86505 Points Posted on 23 June 2022
Yes only 5 years senior citizen saving scheme is eligible for 80C
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On 23 June 2022 at 22:28

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