Question
What is the tax treatment of contributions made to the
Sukanya Samridhi Yojana? Read the passage below and answer the following questions based on the passage ( Q no 27 to 30) Saving for a girl child has become a key priority for many parents in India, driven by both financial security and a growing awareness of the importance of gender equality in education and opportunities. In a country where cultural norms have historically favored investing in male children, there has been a significant shift in perspective. Parents now recognize the need to ensure that their daughters have the financial backing to pursue education, build careers, and lead independent lives. One of the primary reasons parents focus on savings for their girl child is the rising cost of education. In today's competitive world, access to quality education has become essential for future success. Parents often begin saving early to ensure that their daughters can attend good schools, pursue higher education, or even study abroad. Whether it is securing funds for college, professional courses, or vocational training, these savings provide the foundation for a girl’s future empowerment and career opportunities. Another important factor driving parents to save for their daughters is the need to provide for future financial security, including marriage-related expenses. In India, marriage is still considered a major life event, and parents often feel the responsibility to bear the significant financial costs associated with it. Although these expenses can be high, saving early helps reduce the burden on families and ensures that their daughters can have the financial support they need for this important milestone, should they choose to marry.Solution
The contributions made to SSY qualify for a deduction under Section 80C, subject to the overall limit of ₹1.5 lakh for specified investments.
A mobile plan costs Rs.32 for 6 minutes. What is the approximate cost, rupees, for 4 minutes?
A can do (2/5) of a work in 6 days and B can do 30% of the same work in 3 days. They worked together for 4 days. The remaining work was completed by C a...
A and B can complete a work together in 36 days. If A alone can complete one-fourth of the work in ‘x’ days and remaining work is completed ...
Four bells ring at 16, 24, 36, 42 minute intervals. If they ring together at 6.00 a.m., after how long would they next ring together?
...A can complete a certain work in 30 days. B is 25% more efficient than A and C is 20% more efficient than B. They all worked together for 3 days. B alon...
A mango kept in a basket doubles every one minute. If the basket gets completely filled by mangoes in 30 min then in how many minutes half of the basket...
Four bells start ringing together at 9:00 am. They ring at intervals of 15 seconds, 20 seconds, 30 seconds, and 40 seconds. At wh...
8 men or 12 boys can complete a work in 192 days. 24 men and 28 boys will complete the same work in how many days?
The total age of 'R' and 'D' eight years ago was thirty-six. Four years separate 'R' and 'D' in age. Determine the sum of total age (in years) between '...
A man is travelling at a speed of 100 km/h such that he will take 60 minutes to reach his destination. But after completing half the journey, the man to...
