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Senior citizen tax saving schemes
Sir I am an retired employee and has been invested a sum of Rs 1,50,000/-in senior citizen tax saving schemes per annum under section 80C (2)(xxiii) to take the rebate under section 80C for the since my retirement. Sir now I want to know that the intt accrued or deposit on the above said investment i.e Senior citizen tax saving schemes, the said intt is fully exempt from income tax Thanks.
Replies (2)
Interest is tax exempt upto Rs. 50K u/s. 80TTB IT act.
Senior need not file tax
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