Webb6 apr. 2024 · Investment made in SCSS are also eligible for tax deductions in the following manner: The principal amount deposited in SCSS is eligible for a tax deduction of up to … Webb31 mars 2024 · For the fourth quarter of FY 2024-23, the SCSS interest rate was 8%. From April 1, the SCSS deposit limit has increased to Rs 30 lakh per account as announced in Budget 2024.

10 Top Govt Savings Schemes, Choose Best Option; Check New Interest …

Webb23 feb. 2024 · Calculation of Interest under SCSS The government reviews the interest rate of the Senior Citizen Saving Scheme every quarter and updates it as required. The government usually considers inflation, cost of living, etc., while revising interest rates. The current SCSS interest rate is 7.4% per annum. Webb4 apr. 2024 · Post Office SCSS Calculator 2024: जमा पैसा सुरक्षित रहे और उस पर गारंटीड आमदनी हो, इसके लिए पोस्‍ट ऑफिस की स्‍माल सेविंग्‍स स्‍कीम्‍स का कोई जवाब नहीं है. elderly disabled financial assistance

SCSS Interest Rate 2024: What will be the Senior Citizen Savings Sche…

WebbThe current SCSS interest rate stands at 7.4% p.a. for the first quarter (April to June) of the financial year 2024-2024. The existing rate is lower than 8.6% p.a. that was offered in the previous financial year 2024-2024. The interest gets compounded annually. The interest payments are credited to your SCSS account every year. SCSS Tax Benefits: Webb18 apr. 2024 · SCSS vs PMVVY: Both in PMVVY and SCSS, interest rate offered is 7.4 per cent. But, in SCSS, one's interest rate may vary on the quarterly basis while in PMVVY, one's interest rate is fixed Webb13 mars 2024 · SCSS Interest: The government increased the interest rate in December for the fourth quarter of FY 2024-23 and the new rate would be applicable to deposits made in the SCSS account in the first quarter of the year 2024. For the unversed, the Centre revises Senior Citizen Savings Schemes (SCSS) interest rates on a quarterly basis., Economy … food in keystone fashion mall