What does EEE status of the Sukanya Samriddhi Yojana (SSY) scheme mean?
Answer
Answer
EEE status of the Sukanya Samriddhi Yojana (SSY) scheme means the contribution, the interest earned and the maturity proceeds are exempted from tax under Section 80C of the Income Tax Act.
This favourable tax benefit is provided by the government to encourage Indian parents and guardians to create a corpus or a fund for the child’s future- education and/or marriage.