#sukanya samriddhi yojana 2022

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Sukanya Samriddhi Yojana 2023 Benefits & Interest Rates

Sukanya Samriddhi Yojana (SSY) is a savings scheme launched by the Government of India in 2015 as part of the "Beti Bachao Beti Padhao" campaign. The scheme is designed to encourage parents to save for the future education and marriage expenses of their girl child.

Here are some of the benefits and interest rates associated with Sukanya Samriddhi Yojana:

High Interest Rates: The current interest rate for Sukanya Samriddhi Yojana is 7.6% per annum (as of January 2022), which is higher than most other government-backed savings schemes.

Tax Benefits: Contributions to Sukanya Samriddhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The interest earned and the final maturity amount are also tax-free.

Flexible Investment Options: Parents or guardians can open an SSY account for their girl child with a minimum initial deposit of Rs. 250. They can make contributions in multiples of Rs. 100, up to a maximum of Rs. 1.5 lakh per annum. The account can be opened until the girl child attains the age of 10 years.

Long Maturity Period: The maturity period for Sukanya Samriddhi Yojana is 21 years from the date of opening the account. This makes it an ideal savings scheme for long-term financial planning.

Partial Withdrawals Allowed: Partial withdrawals of up to 50% of the balance in the account are allowed once the girl child attains the age of 18 years, for the purpose of higher education or marriage.

Account Transferable: In case of a change in residence of the account holder, the account can be transferred anywhere in India.

Overall, Sukanya Samriddhi Yojana is a great savings scheme for parents who want to secure their daughter's future education and marriage expenses. It offers high interest rates, tax benefits, and flexible investment options, making it a popular choice among investors.

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Different Types of Investment Options in India

It is crucial to have thorough information of the various investment strategies before beginning to invest. Let's look at the different types of investment alternatives in more detail since the majority of investors make investments depending on their risk tolerance (low, medium, and high risk).

Read: What are Top 12 Alternative Investment Options in India for 2022

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Smart Investment Tips- 16 Money Investment Tips For Beginners

1. Low-risk investments

These are money investment ideas that provide a fixed income regardless of general economic or business fluctuations. Debentures, bonds, and fixed deposits fall under this category.

Other investment options include EPF, PPF,Sukanya Samriddhi Yojana, Senior Citizen Savings Schemes, and National Savings Certificate, which are government-sponsored schemes that provide low-risk guaranteed returns.

These investing plans offer predictable, recurring returns. Low-risk investors can think about choosing low-risk investment options if they don't want any volatility in their portfolio. Investors receive safe and guaranteed returns with low-risk investing options.

Chit fundsare another low-risk investment strategy where you can consistently put money. Chit funds serve as both a saving and a borrowing financial tool. One of the earliest methods of investing money to expand is through chit funds. Low interest rates of 3%–6% are available on FDs and RDs. Chit funds, on the other hand, are a far more alluring investment because they offer higher returns (up to 25% yearly) and better value for your money. A chit fund is the perfect choice if you desire great liquidity, little risk, big profits, and no paperwork.

Read: Alternative To Fixed Deposit: 14 Places To Invest Better Than FD

The Best Saving Plans & Schemes in India

Difference Between Savings and Investment - Saving + Investment

 2. Medium-risk investments

Although there is some risk associated with these investment strategies, investors will receive a better return. For investors who seek to earn larger returns and a steady source of income than fixed-income assets, medium risk investment alternatives are best suited.

Balanced mutual funds, debt funds, and index funds fall under this category. Although medium risk investment options have some stability and debt, the primary amount may be harmed by their market-related volatility. There is some stability and debt among the medium risk investment options, but the return volatility might lead to principle loss. Due to the market volatility linked to these securities, it is not possible.

Read: Best Guaranteed Monthly Income Plans: 10 Monthly Income Schemes

 3. High-risk investments

In high-risk investment alternatives, returns and risks are directly proportional. Although the returns on these investment programmes are significant, there is also a considerable level of risk involved. Equity mutual funds, corporate stocks, derivatives, and even stocks fall under this group. Investors that are knowledgeable about the market, have a high risk tolerance appetite, and have a solid grasp of the market might think about investing in these alternatives. The amount of risk is also very high with these investing options, despite the fact that there is no cap on returns.

It's important to know when to invest money in a volatile market and when to cease doing so, even though these investment options have the potential to offer very high returns.

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Don't want to pay Income Tax for the financial year 2022-23?

I hope the financial year (FY) 2022–2023 went well. It is about to end. But let me know one thing whether it was good in the case of your income-tax planning. NO? Most of us are thinking about our income-tax planning till the last date of the financial year and end up paying taxes on our hard-earned money, which we can save. Are you an employee? Have you submitted your investment proofs to your employer? You must know that your employer will deduct higher TDS on Salary income if you do not submit your investment proofs.

Although the deadline for such submissions varies, most companies require that you submit proof by March 15.

Even after investing under 80C and other savings, it is disheartening to continue paying high taxes. But when you file your income tax returns, the Income Tax Department will still refund you. Isn't that great? Let's look at the exemptions and deductions you can still use even though the deadline for submitting your taxes documentation to your employer has passed. Don't worry; the deductions and exemptions also apply to non-salaried people. Following is a list of tax laws that could legally lower your taxes for the current financial year:

1:  Eligible deductions under Section 80C, in which you can claim deductions upto Rs.150000-

·       Life Insurance

Securing your family with a term insurance plan is one way to ensure your family's financial future after you pass away. But did you know that the premiums you pay for these life insurance policies also help you save money on taxes? Yes, life insurance premiums are available as a deduction under section 80C.

·       Public Provident Fund (PPF)

Section 80C allows for tax deductions on yearly PPF contributions. PPF is a Government-backed scheme that provides you with adequate returns. Under this scheme, you can invest a minimum of ₹500 and a maximum of ₹1,50,000 every year. It has a lock-in period of 15 years.

·       Tax Saving Fixed Deposit

Bank fixed deposits have a 5-year lock-in period during which early withdrawal is not permitted, but they are still eligible for Section 80C deductions. The Interest on a five-year fixed deposit is taxable and not eligible for tax breaks. Section 80C allows for a tax deduction on investments of up to 1.5 lakhs. It can be opened by Indian residents who can benefit from interest rates ranging from 5.5% to 7.75%, depending on the bank. The minimum investment amount for FDs is ₹1,000, and all interest income from FD investments is subject to taxation.

·       Senior Citizens Savings Scheme (SCSS)

This programme is only intended for elderly adults, those at least 60 years old or who have chosen to retire at age 55.

A minimum deposit of Rs. 100 is required to purchase a National Savings Certificate (NSC). An NSC's investment tenure is five years. You might demand the entire sum be returned to their account upon maturity. If the money is unclaimed, it is all reinvested into the plan. You can earn 7.4% interest.

·       Sukanya  Samriddhi Yojana

Our sole objective of this tax-saving strategy is to promote the development of young girls. This savings programme is for a young girl who qualifies for tax benefits. The girl's parents or legal guardians are permitted to open an account under this scheme until ten. When there are twins, the programme is expanded to include a third child and is open to two girls' kids. The amount needs to be deposited over 15 years, and it matures in 21 years. The annual interest rate is 7.60%. A minimum investment of 250 rupees and a maximum investment of 15 lakhs are permitted. The plan has a 21-year maturation time.

2: Section 80D: Medical Insurance Premium

Section 80D allows claiming deductions from the gross Taxable Income for the payment of medical insurance premiums. You are permitted to deduct up to Rs. 25,000 annually if you pay for medical purposes for self, spouse or children. The maximum deduction for medical insurance premiums for senior citizens is Rs. 50,000. Also, if you spend the money on behalf of your parents, then you can get a maximum deduction of up to Rs. 25,000.

3: Section 80G: Charitable Donations

You can claim 50% to 100% of the total amount donated to the charitable trust. To avail deduction, you need to preserve the receipt from the organisation after the financial year. Ensure that whenever you donate money to charities or trusts, check if they are registered under Section 12A post, which they qualify for the 80G certificate. Any cash donations exceeding Rs 2,000 will not be allowed as a deduction, and donations over Rs.2000 should be made via any mode other than cash. A tax deduction of up to Rs. 1,50,000 may be claimed for contributions paid to the PF account under section 80C of the income tax act.

4: Section 80GG: Rent Contributed to Housing

Under section 80GG, people who are renting a home can make deductions. However, those who are not salaried and those employees who do not receive a House Rent Allowance from their employers are eligible for this tax deduction.

5: Health Insurance under Section 80D

Nowadays, with the cost of medical treatment growing, everyone must get health insurance. Because it helps you pay for your medical bills in an emergency, you can save up to Rs. 15,000–20,000 under section 80D if you pay premiums for your health insurance.

6: Education Loans under Section 80E.

The Interest paid on student loans for higher education is still tax-free for the borrower, the spouse, and the children under Section 80E. Not the principal amount, but the amount of Interest paid, may be deducted by an individual.

7: Home Loans under Section 80EE

Home loans are one of the best strategies to lower taxes in India. Under the current arrangement, home loans have assisted in reducing taxable income. First-time house buyers may deduct up to Rs. 50,000 off the Interest on a home loan throughout a fiscal year by using Section 80EE.

8: Section 80TTA: Interest on Saving Accounts.

Under Section 80TTA, Interest accrued on savings accounts is deductible. However, any interest earned on a savings account over Rs. 10,000 will be considered taxable income.

CONCLUSION:

So, in the end, persons who have invested, kindly submit your proofs timely and those who haven't, make your investments before the end of Feb for your convenience. Still, if you are an employee and missed your deadline to submit your proofs to your employer, then you can claim in your income tax return for FY 22-23 and take the refund.

Source:https://www.manishanilgupta.com/blog-details/dont-want-to-pay-income-tax-for-the-financial-year-2022-23

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সুকন্যা সমৃদ্ধি যোজনা প্রকল্প 2022। করতেই হবে মাত্র ২৫০ টাকায় -যদি আপনার মেয়ে সন্তান থাকে। How to use Sukanya Samriddhi Yojana Calculator 2022 – Takapoysanews - TAKAPOYSANEWS

Sukanya samriddhi Yojana is India's most popular government scheme for girl child. Sukanya samriddhi Yojana is very helpful for each girl from one day to 10 years. After depositing money for 15 years you need to be quited till maturity on 21th year of starting the scheme.

This scheme is very helpful for girls study marriage and other important works. One can open this account for his or her 3 girls.

If you want to know details in Bengali you can visit this website.

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Best Government Investment Schemes and Plans 2022 with High Returns

The government repeatedly introduces new investment programmes in the nation to raise the income and financial status of its residents. These govt investment schemes are offered to everyone including men, women, working people, business class, rural and urban population and so on. It is the responsibility of the populace to examine various plans and select the one that best meets their demands.

Top 5 Government Investment Schemes with High Returns 2022 in India are:

· Atal Pension Yojana (APY)

· Pradhan Mantri Jan Dhan Yojana (PMJDY)

· Public Provident Fund (PPF)

· National Savings Scheme (NSC)

· Sukanya Samriddhi Yojana (SSY)

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Sukanya Samriddhi Account : बदले नियम, बेटियों की पढ़ाई और शादी की जिम्मेदारी सरकार की, देंखे अपडेट

Sukanya Samriddhi Account : बदले नियम, बेटियों की पढ़ाई और शादी की जिम्मेदारी सरकार की, देंखे अपडेट

Sukanya Samriddhi Account : बदले नियम, बेटियों की पढ़ाई और शादी की जिम्मेदारी सरकार की, देंखे अपडेट : बेटी की पढ़ाई से लेकर शादी तक की चिंता से मुक्त रहें क्योंकि सरकार एक जबरदस्त योजना लेकर आई है जिसमें अगर आपकी जुड़वां बेटियां हैं तो भी सरकार दोनों बेटियों को बेहतरीन सुविधाएं मुहैया कराएगी। कई नियम बदल गए हैं। जानिए पूरी जानकारी। सुकन्या समृद्धि योजना ( Sukanya Samriddhi Yojana ) के तहत निवेश…

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सुकन्या समृद्धि योजना 2022, बेटियों को मिलेगा लाभ । sukanya samriddhi yojana 2022

सुकन्या समृद्धि योजना 2022, बेटियों को मिलेगा लाभ । sukanya samriddhi yojana 2022

जानिए पूरी जानकारी- Sukanya Samriddhi Yojana 2022 | गरीब व मध्यम वर्ग के बेटियों लिए वरद��न सुकन्या समृद्धि योजना   सुकन्या समृद्धि योजना (Sukanya samriddhi yojana) देश की बेटियों के लिए बनायी गई एक बेहतरीन योजना में से एक हैं जिसकी शुरुआत मोदी सरकार के द्वारा 22 जनवरी 2015 को किया गया था । sukanya samriddhi yojana को शुरू करने का मुख्य उद्देश्य देश की बेटियों के भविष्य को सुरक्षित करना हैं । इस…

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प्रधानमंत्री सुकन्या समृद्धि योजना – 2022 | Sukanya Samriddhi yojana

सरकार इस योजना को बेटी बचाओ बेटी पढ़ाओ अभियान के अंतर्गत शुरू की गयी है। सुकन्या समृद्धि योजना के अंतर्गत 10 वर्ष से कम आयु की बेटियों के नाम से माता पिता या उनके लीगल अभिभावक द्रारा यह खाता खुलवाया जा सकता है। जो 250/- रूपये से शरू होकर 1.50 लाख Read More

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Sukanya Samriddhi Yojana : How to Withdraw

Sukanya Samriddhi Yojana : How to Withdraw

Sukanya Samriddhi Account is an administration supported reserve funds plot exceptionally intended for the guardians of young lady kids. The arrangement urges guardians to contribute to fabricate an asset for the future instruction of their female kid. Watchmen can open SSA accounts in the interest of their young lady kid younger than ten. What compels it a wise venture instrument is that it is…

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International Girl Child Day 2022: Invest Rs 411 per day in Sukanya Samriddhi Yojana and get nearly Rs 66 lakh upon maturity for your girl child, check payment calculation here

International Girl Child Day 2022: Invest Rs 411 per day in Sukanya Samriddhi Yojana and get nearly Rs 66 lakh upon maturity for your girl child, check payment calculation here

Account can be opened with a minimum of Rs 250 and Maximum Rs 1,50,000 in a financial year. Subsequent deposit in multiple of Rs 50. Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year.  source…

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Bank Deposit Schemes, Compare FD, RD with PPF and SSY https://bankwire.in/2022/06/11/bank-deposit-schemes/

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5 Best Policy for Girl Child — Top Saving Schemes and Investment Plans for Girl Child in India

As crucial as safeguarding the future of your son is securing your daughter’s life and future with the best policy for girl child. In fact, providing the female child with a quality education to help her develop a successful job is essential to enabling her to become financially independent and stand on her own. In India, banks and post offices provide a variety of excellent investment opportunities that guarantee a better future for a girl child.

5 Best Investment, Saving Plans, and Schemes for Girl Child in India 2022 Offering High Returns:

· Sukanya Samriddhi Yojana (SSY)

· Children Gift Mutual Fund

· Post-Office Term Deposit (POTD)

· Unit Linked Insurance Plan (ULIP)

· National Savings Certificate (NSC)