n NISM Certifications
XVII NISM Series XVII
Medium

What is the tax benefit on investing in the Senior Citizens Savings Scheme?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Tax benefits both at investment and income stage

  2. B

    Interest earned is exempt from tax

  3. Investment benefits under section 80C, but interest is taxable

    Correct answer

  4. D

    No tax benefits

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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