List of Post Office Schemes for Tax Exemption in India

Types of Post Office Schemes for Tax Exemption

Benefits of Post Office Tax Saving Schemes

Steps to Apply for Tax Saving Schemes in the Post office

Documents Needed for Tax Saving Schemes in Post Office

Who Should Apply for the Post Office Tax Benefit Schemes?

FAQS about Post Office Tax Saving Schemes

Is TDS applicable on the earnings from the post office tax savings scheme? up-arrow

You do not have to face TDS deduction on the interest earned through the post office tax savings scheme. You will receive the entire fund value after maturity.

When will I not get the tax benefit on Post Office Time Deposit? up-arrow

You cannot avail the tax benefit on your savings if you deposit your money through the Post Office Time Deposit for a period lower than 5 years. Only when your chosen tenure is 5 years, you will get the deduction benefit under Section 80C of the Income Tax Act of India.

Can I create my Sukanya Samriddhi Yojana or SSY account online? up-arrow

No, the online application process is not available for creating an SSY account. You will have to go to a branch of the post office or any authorised bank and provide the filled-in application form along with the necessary documents to create your account.

How many nominees can I add to my post office small savings account? up-arrow

You can add up to 4 nominees in your post office small savings scheme. It also lets you change their names later if necessary. For this, you will have to submit the concerned application form after filling it out properly. You will also have to pay a charge of ₹50, excluding GST.