Question

What is the tax treatment of contributions made to the Sukanya Samridhi Yojana?

A Contributions are not eligible for any tax deduction.
B Contributions are eligible for tax deduction under Section 80C of the Income Tax Act, up to a maximum limit of ₹1.5 lakh per year
C Contributions are eligible for tax deduction under Section 80D of the Income Tax Act, up to a maximum limit of ₹25,000 per year.
D Contributions are eligible for tax deduction under Section 80C of the Income Tax Act, up to a maximum limit of ₹1 lakh per year.
E Contributions are fully exempt from tax.
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