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Are contributions made to Sukanya Samriddhi Accounts eligible for tax deductions in India?
Are contributions made to Sukanya Samriddhi Accounts eligible for tax deductions in India?
Yes, contributions made to Sukanya Samriddhi Accounts are eligible for tax deductions under Section 80C of the Income Tax Act, up to a maximum limit of ₹1.5 lakh per financial year. Additionally, the interest earned and withdrawals from the account are tax-free.