Are maturity proceeds from Sukanya Samriddhi Yojana taxable?
- Raghawendra Narain
Sukanya Samriddhi Account Scheme is a small deposit scheme for girl child, which provides income tax deduction on contributions under Section 80C of the Income Tax Act. The interest rate is not fixed and the government would declare the interest rate every year. Interest and maturity proceeds from the scheme are exempt from tax.