Question
Consider the following statements about the Senior Citizens Savings Scheme (SCS
- S : I. Individuals aged 55–60 who have retired under a voluntary retirement scheme may open an SCSS account within one month of receiving retirement benefits. II. The maximum deposit limit under SCSS is ₹30 lakh per individual. III. The interest earned under SCSS is fully exempt from income tax under Section 80C of the Income Tax Act. Which of the above is/are correct?
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