Income tax rebate for Selvamagal Thittam
Posted on: 16/Jun/2015 10:20:12 AM
Shri Mervin Alexander, Postmaster General has mentioned that savings made under Selvamagal Thittam will get income tax rebate.
Selvamagal Thittam is a small savings scheme which was launched in January this year and is aimed at encouraging savings for a girl child`s education and marriage. Investments in Selvamagal Thittam are already eligible for deduction under Section 80C. All payments to the beneficiaries including interest payment on deposit will also be fully exempt.
